Course Descriptions

The Course Descriptions catalog describes all undergraduate and graduate courses offered by Michigan State University. The searches below only return course versions Fall 2000 and forward. Please refer to the Archived Course Descriptions for additional information.

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EC 201 Introduction to Microeconomics

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Not open to students with credit in:
EC 251H
Description:
Economic institutions, reasoning and analysis. Consumption, production, determination of price and quantity in different markets. Income distribution, market structure and normative analysis.
Effective Dates:
FS14 - Open

EC 202 Introduction to Macroeconomics

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Not open to students with credit in:
EC 252H
Description:
Determinants of Gross National Product, unemployment, inflation and economic growth. National income accounting and fiscal policy. Aggregate demand, supply management and monetary policy.
Effective Dates:
FS14 - Open

EC 242 Social Science Data Analytics

Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
PLS 202
Not open to students with credit in:
SSC 442
Description:
Application of computational tools for data collection and visualization to various topics in social science research.
Effective Dates:
FS26 - Open

EC 251H Microeconomics and Public Policy

Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: Credits: 4   Lecture/Recitation/Discussion Hours:4
Prerequisite:
(MTH 124 or MTH 132 or MTH 152H)
Not open to students with credit in:
EC 301
Description:
Theories of consumer behavior, production and cost. Output and price determination in competition and monopolies. Welfare economics, general equilibrium, externalities, and public goods.
Effective Dates:
FS21 - Open

EC 252H Macroeconomics and Public Policy

Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 201 and EC 301) or EC 251H
Not open to students with credit in:
EC 302
Description:
Theory of national income, unemployment, inflation and economic growth and its application to economic analysis and policy.
Effective Dates:
FS14 - Open

EC 293 Cooperative Education for Business Students

Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: Credits: 1   Lecture/Recitation/Discussion Hours:1
Reenrollment Information:
A student may earn a maximum of 3 credits in all enrollments for this course.
Restrictions:
Approval of department.
Not open to students with credit in:
MSC 293
Description:
Integration of pre-professional educational employment experiences in industry and government with knowledge and processes taught in the student's academic program. Educational employment assignment approved by the Department of Supply Chain Management.
Interdepartmental With:
Accounting, Finance, Hospitality Business, Management, Supply Chain Management
Administered By:
Supply Chain Management
Effective Dates:
SS13 - Open

EC 301 Intermediate Microeconomics

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
EC 201 and (MTH 124 or MTH 132 or MTH 152H or LB 118)
Recommended Background:
EC 202
Not open to students with credit in:
EC 251H
Description:
Theories of consumer choice, production, cost, perfect competition, and monopoly. Welfare economics, general equilibrium, externalities, and public goods.
Effective Dates:
FS14 - Open

EC 302 Intermediate Macroeconomics

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 201 or EC 251H) and EC 202
Not open to students with credit in:
EC 252H
Description:
National income accounting. Determination of aggregate output, employment, price level, and inflation rate. Policy implications.
Effective Dates:
FS14 - Open

EC 310 Economics of Developing Countries

Semester:
Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
EC 201 or EC 251H
Not open to students with credit in:
EC 410
Description:
Economic patterns and policy issues of developing countries such as modern economic growth and structural transformation, state controls versus markets, poverty and human welfare, investments in human resources, and trade and industrialization.
Effective Dates:
FS14 - Open

EC 330 Money, Banking, and Financial Markets

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 201 or EC 251H) and (EC 202 or EC 252H)
Description:
Money markets and financial intermediation. Money, the Federal Reserve System, and monetary policy. Regulation of money markets.
Effective Dates:
FS14 - Open

EC 332 Monetary Policy Analysis for Fed Challenge

Semester:
Fall of every year, Spring of every year
Credits:
Variable from 1 to 2
Reenrollment Information:
A student may earn a maximum of 3 credits in all enrollments for this course.
Prerequisite:
(EC 201 or EC 251H) and (EC 202 or EC 252H)
Restrictions:
Approval of department.
Description:
U.S. economy through the lens of the U.S. Central Bank. Federal Reserve and monetary policy. Practice presentations in preparation for the Chicago Fed Challenge. Collect and analyze macroeconomic and financial data. Apply economic theories to understand the state of the economy.
Effective Dates:
FS19 - Open

EC 335 Taxes, Government Spending and Public Policy

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
EC 201 or EC 251H
Not open to students with credit in:
EC 435 or EC 436
Description:
Economics of the public sector. Public goods, externalities, design and incidence of the tax system. Equity and efficiency effects of government programs.
Interdepartmental With:
Environmental Economics and Management
Administered By:
Economics
Effective Dates:
US20 - Open

EC 340 Survey of International Economics

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 201 or EC 251H) and (EC 202 or EC 252H)
Not open to students with credit in:
EC 440 or EC 441
Description:
Comparative advantage. Costs and benefits of trade. International economic policies. Balance of payments. Foreign exchange markets. The international monetary system. Contemporary trade and international currency issues.
Effective Dates:
FS14 - Open

EC 360 Private Enterprise and Public Policy

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
EC 201 or EC 251H
Not open to students with credit in:
EC 460
Description:
Effects of antitrust, economic regulation, and other public policies on competition, monopoly, and other market problems in the United States economy.
Effective Dates:
SS24 - Open

EC 370 Economics of Sports

Semester:
Summer of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
EC 201 or EC 251H
Description:
Economic analysis of sports teams, leagues, and institutions. Strategic considerations, demand and pricing, betting markets, optimal compensation for athletes, the market for superstars, anti-trust and public finance issues.
Effective Dates:
FS14 - Open

EC 380 Labor Relations and Labor Market Policy

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
EC 201 or EC 251H
Not open to students with credit in:
EC 480
Description:
Development, functions, legal framework, and economic effects of unions and collective bargaining. Institutions and economic impacts of government programs. Minimum wages, workers' compensation, unemployment insurance, and antidiscrimination policies.
Effective Dates:
FS14 - Open

EC 391 Special Topics in Economics

Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Reenrollment Information:
A student may earn a maximum of 9 credits in all enrollments for this course.
Prerequisite:
(EC 201 or EC 251H) and (EC 202 or EC 252H)
Restrictions:
Approval of department.
Description:
Special topics supplementing regular course offerings.
Effective Dates:
FS14 - Open

EC 401 Advanced Microeconomics

Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 251H or EC 301) and (MTH 124 or MTH 132 or MTH 152H or LB 118)
Description:
Economics of uncertainty and incomplete information. Game theory and theories of oligopoly. Transaction costs. Advanced topics in welfare economics, general equilibrium, externalities, and public goods.
Effective Dates:
FS19 - Open

EC 402 Advanced Macroeconomics

Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 251H or EC 301) and (EC 252H or EC 302)
Description:
Consumption, investment, and monetary theories. The role of expectations. Theories of economic growth and cycles. Stabilization policies.
Effective Dates:
FS14 - Open

EC 404 Behavioral Economics (W)

Semester:
Fall of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
((MTH 124 or MTH 132 or MTH 152H) and completion of Tier I writing requirement) and (EC 301 or EC 251H)
Description:
Evidence of systematic departures from classical behavioral assumptions of economics. Translation of psychological principles into formal models of economic behavior. Analysis of topics such as risky choice, choices over time, and systematic deviations from rationality behavior.
Effective Dates:
FS18 - Open

EC 410 Issues in the Economics of Developing Countries (W)

Semester:
Fall of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 202 or EC 252H) and (EC 301 or EC 251H) and Completion of Tier I Writing Requirement
Description:
Topics in development economics, such as growth, technological change, structural transformation, poverty and inequality, investment in human resources, trade, international capital flows, and the political economy of policy formation and governance.
Effective Dates:
FS14 - Open

EC 413 Economic Analysis of Asia (W)

Semester:
Spring of odd years
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 202 or EC 252H) and (EC 301 or EC 251H) and Completion of Tier I Writing Requirement
Description:
Development of agriculture, industry, labor markets, and trade in some of the following: India and South Asia, China, the Pacific Rim countries, and Japan. Productivity, income distribution, finance, and planning.
Effective Dates:
FS14 - Open

EC 414 Economic Analysis of Sub-Saharan Africa (W)

Semester:
Fall of odd years
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 202 or EC 252H) and (EC 301 or EC 251H) and Completion of Tier I Writing Requirement
Description:
African economic development in historical perspective. Contemporary development issues including agricultural policies, industrial development, foreign trade and aid, human resource investments, AIDS, and the political economy of economic and political policies and reforms.
Effective Dates:
FS14 - Open

EC 420 Introduction to Econometric Methods

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 202 or EC 252H) and (EC 251H or EC 301) and (MTH 124 or MTH 132 or MTH 152H) and (STT 315 or STT 351 or STT 380 or STT 421 or STT 430 or STT 442)
Description:
Specification, estimation, and interpretation of econometric models. Evaluation of current quantitative work in economics.
Effective Dates:
US22 - Open

EC 421 Advanced Econometric Methods

Semester:
Spring of even years
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
EC 420
Description:
Panel data methods, instrumental variables, limited dependent variables, time series analysis, and other advanced topics.
Effective Dates:
FS14 - Open

EC 422 Advanced Data Analysis in Economics

Semester:
Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
EC 420
Description:
Analysis and interpretation of large-scale economic data using statistical programming tools and econometric methods.
Effective Dates:
SS22 - Open

EC 423 Model-Based Data Analytics

Semester:
Fall of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
EC 420
Description:
Modern statistical learning and predictive modeling, applications and analysis of economic models and data, regression analysis, classification.
Effective Dates:
FS24 - Open

EC 425 Law and Economics (W)

Semester:
Fall of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 251H or EC 301) and Completion of Tier I Writing Requirement
Description:
Application of economic analysis to the law. Property rights, takings, the Coase Theorem. The economics of regulation, crime and punishments, liability law, and public choice.
Effective Dates:
FS24 - Open

EC 435 Public Expenditures (W)

Semester:
Fall of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 251H or EC 301) and Completion of Tier I Writing Requirement
Description:
Expenditure theory. Objectives and rationale of government activity in the market system. Efficiency criteria in government decision-making. Public choice. Cost benefit analysis.
Effective Dates:
FS14 - Open

EC 436 Public Revenues (W)

Semester:
Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 251H or EC 301) and Completion of Tier I Writing Requirement
Description:
Principles and theory of efficiency and the incidence of taxation. Income and sales taxes and other major revenue sources.
Effective Dates:
FS14 - Open

EC 438 Urban Economics (W)

Semester:
Fall of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 202 or EC 252H) and (EC 301 or EC 251H) and Completion of Tier I Writing Requirement
Description:
Economic analysis of cities and urban regions. City growth or contraction, land-use patterns, transportation systems, housing and housing policies, functioning of local governments, policy responses to crime, pollution and poverty.
Effective Dates:
FS15 - Open

EC 440 International Trade (W)

Semester:
Fall of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 251H or EC 301) and Completion of Tier I Writing Requirement
Description:
Neoclassical and modern theories regarding trade patterns and commercial policies. Applications of theory to United States policy. Contemporary issues involving international trade of goods, services, and productive factors.
Effective Dates:
FS14 - Open

EC 441 International Finance (W)

Semester:
Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 251H or EC 301) and (EC 252H or EC 302) and Completion of Tier I Writing Requirement
Description:
Neoclassical and modern theories pertaining to balance of payments and exchange rate determination. Macroeconomic performance under alternative exchange rate regimes. Contemporary issues involving international monetary arrangements.
Effective Dates:
FS14 - Open

EC 450 Economics of Environmental Policy (W)

Semester:
Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 301 or EC 251H) and Completion of Tier I Writing Requirement
Description:
Economic principles of pollution control and environmental policy. Theory of efficient markets and market failure, public goods and externalities. Design of environmental policy. Contemporary policy issues.
Effective Dates:
FS14 - Open

EC 460 American Industry: Structure and Behavior (W)

Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 251H or EC 301) and Completion of Tier I Writing Requirement
Description:
Market structure and performance. Empirical analysis of market definition, concentration, product differentiation, vertical integration, innovativeness, collusion, and entry deterrence.
Effective Dates:
FS14 - Open

EC 480 Analysis of Labor Markets (W)

Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 251H or EC 301) and Completion of Tier I Writing Requirement
Description:
Labor supply and demand. Human capital, search, migration, and labor turnover. Analysis of unemployment and wage growth. Structure of wages, including economics of discrimination.
Effective Dates:
FS14 - Open

EC 485 Economics of Education (W)

Semester:
Fall of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 301 or EC 251H) and Completion of Tier I Writing Requirement
Description:
The intersection of economics and education with a focus on U.S. education policy. Human capital, education production, and education reforms.
Effective Dates:
FS14 - Open

EC 490 Independent Study

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Variable from 1 to 3
Reenrollment Information:
A student may earn a maximum of 3 credits in all enrollments for this course.
Prerequisite:
(EC 202 or EC 252H) and (EC 251H or EC 301)
Restrictions:
Approval of department.
Description:
Research and reading course for students interested in doing independent work in economics under faculty supervision.
Effective Dates:
FS14 - Open

EC 491 Topics in Economics

Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Reenrollment Information:
A student may earn a maximum of 9 credits in all enrollments for this course.
Prerequisite:
(EC 251H or EC 301) and (EC 252H or EC 302) and (MTH 124 or MTH 132 or MTH 152H)
Description:
Select work in specialized topics of economics.
Effective Dates:
FS22 - Open

EC 498 Economics of Health Care (W)

Semester:
Fall of odd years
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 251H or EC 301) and Completion of Tier I Writing Requirement
Description:
Economic factors in determining health care costs, utilization, quality, and efficiency. Demand and insurance. Comparative health care systems. Public policy issues.
Effective Dates:
FS14 - Open

EC 499 Senior Seminar for Economics Majors (W)

Semester:
Fall of every year, Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
(EC 251H or EC 301) and (EC 252H or EC 302) and (EC 420 and completion of Tier I writing requirement)
Restrictions:
Open to seniors in the Economics Major.
Description:
Capstone course for economics majors. Reading and discussion concerning selected economics topics. Preparation and presentation of student research project.
Effective Dates:
FS14 - Open

EC 810 Institutional and Behavioral Economics

Semester:
On Demand
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Recommended Background:
EC 301
Not open to students with credit in:
AEC 810
Description:
Relationships among institutions, individual and collective actions, and economic performance. Public choice, property rights, and behavioral theories of firms and bureaucracies.
Interdepartmental With:
Agricultural, Food, and Resource Economics
Administered By:
Agricultural, Food, and Resource Economics
Effective Dates:
FS22 - Open

EC 812A Microeconomics I and its Mathematical Foundations

Semester:
Fall of every year
Credits:
Total Credits: Credits: 4   Lecture/Recitation/Discussion Hours:3   Lab Hours: 2
Restrictions:
Open to doctoral students in the Department of Agricultural, Food, and Resource Economics or in the Department of Economics or in the Department of Finance or approval of department.
Description:
Decision theory under certainty and under uncertainty. Demand theory. Production and general equilibrium in competitive markets. Social choice. Mathematical foundations, reviewing analysis and linear algebra.
Effective Dates:
FS18 - Open

EC 812B Microeconomics II

Semester:
Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
EC 812A
Description:
Introduction to social choice. Market failure, including externalities, public goods, imperfect information and market power.
Effective Dates:
US02 - Open

EC 813A Macroeconomics I

Semester:
Fall of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Restrictions:
Open only to doctoral students in the Economics major or the Department of Agricultural Economics or the Business Administration major or approval of department.
Description:
Static and dynamic macroeconomic models. Search asset pricing, new classical theories of business cycles and growth. Rational expectations and the government budget constraint.
Effective Dates:
US02 - Open

EC 813B Macroeconomics II and its Mathematical Foundations

Semester:
Spring of every year
Credits:
Total Credits: Credits: 4   Lecture/Recitation/Discussion Hours:3   Lab Hours: 2
Prerequisite:
EC 813A
Restrictions:
Open to doctoral students in the Department of Economics and open to doctoral students in the Department of Agricultural, Food, and Resource Economics or approval of department.
Description:
Neoclassical theory of business cycles and growth. Theories of price and wage rigidities, search approach, imperfect competition, and credit rationing in macroeconomic models. Applications of search theory to labor markets and monetary theory. Asset pricing. Mathematical foundations, reviewing functional analysis, dynamic programming and the Hamiltonian method of optimal control theory.
Effective Dates:
FS18 - Open

EC 820A Econometrics IA

Semester:
Fall of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Restrictions:
Open only to doctoral students in the Economics major or the Department of Agricultural Economics or the Business Administration major or approval of department.
Description:
Statistical tools for econometrics. Applications of statistical tools,including probability distributions, estimation, hypothesis testing, and maximum likelihood to econometric problems.
Interdepartmental With:
Statistics and Probability
Administered By:
Economics
Effective Dates:
US02 - Open

EC 820B Econometrics IB

Semester:
Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Prerequisite:
EC 820A
Description:
The single equation regression model. Properties of least-squares estimators under various specifications. Multicollinearity, generalized least-squares, errors in variables, seemingly unrelated regressions. Identification and estimation in simultaneous equations models.
Effective Dates:
FS18 - Open

EC 821A Advanced Econometrics I

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 820A and EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Description:
Systems of equations; static and dynamic linear panel data models; generalized least squares; generalized method of moments. Offered half of semester.
Effective Dates:
FS25 - Open

EC 821B Advanced Econometrics II

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 820A and EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Description:
Nonlinear models for cross-section and panel data; discrete response models; count data and corner solutions; sample selection issues. Offered half of semester.
Effective Dates:
FS25 - Open

EC 821C Advanced Econometrics III

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 820A or EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 822A
Description:
Fundamentals of time series econometrics; stationary time series; autoregressive moving average models; spectral analysis; vectors of time series; functional central limit theorem; nonstationary time series; deterministic trends and unit roots; stationary and cointegrating regression. Offered half of semester.
Effective Dates:
FS25 - Open

EC 821D Advanced Econometrics IV

Semester:
Spring of even years
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 820A or EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Description:
Numerical methods in econometrics; Monte Carlo simulation; finite sample properties of estimators and test statistics; the bootstrap; subsampling; simulated method of moments Offered half of semester.
Effective Dates:
FS25 - Open

EC 823A Applied Econometrics I

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 820A and EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 823
Description:
Applying formal econometrics to data focusing on estimation of treatment effects and applying to topics in applied research. Covers theory and emphasizes implementation. Topics may include linear regression based methods, nonlinear regression adjustment, and propensity score methods. Offered half of semester.
Effective Dates:
FS25 - Open

EC 823B Applied Econometrics II

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 820A or EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 823
Description:
Applying formal econometrics to data with focusing on estimation of treatment effects and applying to topics in applied research. Covers theory and emphasizes implementation. Topics may include instrumental variables, regression discontinuity, difference-in-differences, synthetic control, semi-parametric, and non-parametric methods. Offered half of semester.
Effective Dates:
FS25 - Open

EC 823C Applied Econometrics III

Semester:
Fall of even years
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 820A or EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Description:
Applying formal econometrics to data focusing on estimation of structural models derived from economic theory. Covers theory and emphasizes implementation. Topics may include maximum likelihood estimation, discrete-choice models, and demand estimation. Offered half of semester.
Effective Dates:
FS25 - Open

EC 824A Econometric Theory I

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 820A or EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Description:
Large sample theory for extremum estimators and M-estimation; asymptotic normality with non-smooth objective functions; nonparametric estimation; semiparametric methods Offered half of semester.
Effective Dates:
FS25 - Open

EC 824B Econometric Theory II

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 820A or EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Description:
Unsupervised learning; dimension reduction; post-selection inference; double selection; incidental parameters problem; bias aware inference. Offered half of semester.
Effective Dates:
FS25 - Open

EC 825A Numerical Methods I

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Description:
Estimation techniques for static general equilibrium and heterogeneous agent models. Offered half of semester.
Effective Dates:
FS25 - Open

EC 825B Numerical Methods II

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 813A and EC 813B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Description:
Calibration, simulation and estimation methods for dynamic models and general equilibrium environments. Offered half of semester.
Effective Dates:
FS25 - Open

EC 830 Advanced Macroeconomics

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A and EC 812B and EC 813A and EC 813B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Description:
Macro-finance, monetary economics (theory and applied), macroeconomic aspects of international finance and trade, financial intermediation. Offered half of semester.
Effective Dates:
FS25 - Open

EC 835A Public Economics I

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A and EC 812B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 835
Description:
Efficiency and equity issues around market failure and taxation.  Topics include public goods, externalities, public choice, and optimal tax theory Offered half of semester.
Effective Dates:
FS25 - Open

EC 835B Public Economics II

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A and EC 812B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 835
Description:
Efficiency and equity issues around market failure and income redistribution. Topics include optimal design for expenditure programs (including social insurance) and revenue for funding expenditure programs and achieving social goals. Offered half of semester.
Effective Dates:
FS25 - Open

EC 840 International Economics

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A or EC 812B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Description:
Composition of trade and foreign direct investment. Welfare effects of trade policy. Additional topics may include trade and capital market frictions, trade and innovation. Offered half of semester.
Effective Dates:
FS25 - Open

EC 850A Development Economics I

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A or EC 812B or EC 820A or EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 850
Description:
Topics in development economics. May include growth, institutions, credit markets, and political economy. Offered half of semester.
Effective Dates:
FS25 - Open

EC 850B Development Economics II

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A or EC 812B or EC 820A or EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 850
Description:
Further topics in development economics. May include human capital, health, gender, taxation and public expenditures, and insurance. Offered half of semester.
Effective Dates:
FS25 - Open

EC 860A Industrial Organization I

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A or EC 812B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 860, EC 861
Description:
Key theoretical models in industrial organizations. Topics may include price discrimination, dynamic monopoly, strategic firm behavior in oligopoly, entry deterrence and exclusionary conducts, advertising, platform markets, research and development, and innovation. Offered half of semester.
Effective Dates:
FS25 - Open

EC 860B Industrial Organization II

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A and EC 812B
Restrictions:
Open to graduate-professional students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 860, EC 861
Description:
Advanced tools and methods utilized in empirical industrial organizations. Topics may include differentiated product market, demand and supply, entry and exit, production function, productivity, and industry structures. Offered half of semester.
Effective Dates:
FS25 - Open

EC 880A Labor Economics I

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A or EC 820B or EC 820A
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 880, EC 881
Description:
Labor supply and demand. Labor market equilibrium and the structure of wages. Additional topics may include retirement, minimum wage. Offered half of semester.
Effective Dates:
FS25 - Open

EC 880B Labor Economics II

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A or EC 820B or EC 820A
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 880, EC 881
Description:
Human capital, education, and job training. Labor market discrimination. Unemployment. Additional topics may include job mobility, employer and employee learning. Offered half of semester.
Effective Dates:
FS25 - Open

EC 895 Graduate Reading in Economics

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Variable from 1 to 3
Reenrollment Information:
A student may earn a maximum of 6 credits in all enrollments for this course.
Restrictions:
Approval of department.
Description:
Faculty guided research projects.
Effective Dates:
FS13 - Open

EC 911A Applied Microeconomic Theory I

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812B or EC 812A
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 911
Description:
Analyses of strategic environments through the tools of Game Theory, using equilibrium concepts and refinements in static and dynamic settings focused on economics applications. Offered half of semester.
Effective Dates:
FS25 - Open

EC 911B Applied Microeconomic Theory II

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A or EC 812B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 911
Description:
Models of beliefs, information, and learning with an emphasis on explaining human behavior and applications of economic interest. Offered half of semester.
Effective Dates:
FS25 - Open

EC 911C Applied Microeconomic Theory III

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A and EC 812B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 912
Description:
Applied theory of institution design, including topics such as mechanism design, matching theory, and political economy, with an emphasis on developing model-building skills that complement empirical applications. Offered half of semester.
Effective Dates:
FS25 - Open

EC 911D Applied Microeconomic Theory IV

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1.5   Lecture/Recitation/Discussion Hours:1.5
Prerequisite:
EC 812A or EC 820A or EC 820B
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Not open to students with credit in:
EC 912
Description:
Applied theory of contracts and bargaining, including topics in industrial organization, labor and organizational economics, with an emphasis on developing model-building skills that complement empirical applications. Offered half of semester.
Effective Dates:
FS25 - Open

EC 920A Economics Research I

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1   Lecture/Recitation/Discussion Hours:1
Prerequisite:
EC 812A
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Description:
How to write research papers in economics. Planning and executing a paper, writing exercises, and how to constructively provide and receive feedback on written work.
Effective Dates:
FS25 - Open

EC 920B Economics Research II

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1   Lecture/Recitation/Discussion Hours:1
Prerequisite:
EC 812A
Restrictions:
Open to graduate students in the Department of Economics or approval of department.
Description:
How to write research papers in economics. Writing complete papers. Effective presentation of research findings. Techniques for polishing manuscripts and delivering professional presentations.
Effective Dates:
FS25 - Open

EC 923 Advanced Environmental Economics

Semester:
Fall of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Recommended Background:
(AFRE 829 or concurrently) and EC 812A
Not open to students with credit in:
AEC 923
Description:
Advanced economic theory of environmental management and policy. Treatment of externalities and market and non-market approaches to environmental improvement. Applications to research and policy.
Interdepartmental With:
Agricultural, Food, and Resource Economics, Forestry
Administered By:
Agricultural, Food, and Resource Economics
Effective Dates:
FS19 - Open

EC 925 Advanced Natural Resource Economics

Semester:
Spring of every year
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Recommended Background:
EC 812A and AFRE 829
Not open to students with credit in:
AEC 991H, AEC 925
Description:
Economic theory of managing nonrenewable and renewable resources, including optimal use, the incentives for use under decentralized markets, and public policy design. Analysis of the co-evolution of economic and ecological systems.
Interdepartmental With:
Agricultural, Food, and Resource Economics
Administered By:
Agricultural, Food, and Resource Economics
Effective Dates:
US15 - Open

EC 950 Research Seminars in Advanced Topics in Economics I

Semester:
Fall of every year
Credits:
Total Credits: Credits: 1   Lecture/Recitation/Discussion Hours:1
Restrictions:
Open to doctoral students in the Department of Economics.
Description:
Current research topics in Applied Economics I.
Effective Dates:
US18 - Open

EC 951 Research Seminars in Advanced Topics in Economics II

Semester:
Spring of every year
Credits:
Total Credits: Credits: 1   Lecture/Recitation/Discussion Hours:1
Restrictions:
Open to doctoral students in the Department of Economics .
Description:
Current research topics in Applied Economics II.
Effective Dates:
SS17 - Open

EC 992 Advanced Topics in Economics

Semester:
Fall of odd years
Credits:
Total Credits: Credits: 3   Lecture/Recitation/Discussion Hours:3
Reenrollment Information:
A student may earn a maximum of 9 credits in all enrollments for this course.
Recommended Background:
EC 811A and EC 811B and EC 812A and EC 812B and EC 813A and EC 813B and EC 820A and EC 820B
Restrictions:
Open only to doctoral students in the Economics major or approval of department.
Description:
Advanced work in a specialized topic in economics.
Effective Dates:
FS03 - Open

EC 999 Doctoral Dissertation Research

Semester:
Fall of every year, Spring of every year, Summer of every year
Credits:
Variable from 1 to 24
Reenrollment Information:
A student may earn a maximum of 36 credits in all enrollments for this course.
Restrictions:
Open to doctoral students.
Description:
Doctoral dissertation research.
Effective Dates:
US14 - Open