ECO 1311 — Principles: Consumers, Firms, and Markets (Principles of Microeconomics)
The course focuses on the individual participants in the economy: producers, workers, employers, and consumers. In everyday economic life, goods are bought and sold, people decide where and how many hours to work. Business managers decide what to produce and how this production is to be organized. These activities result in transactions that take place in markets where buyers and sellers come together. People involved in microeconomic transactions are motivated to do the best they can for themselves with the limited resources at their disposal, using marginal analysis to determine their best course of action.
Prerequisite None
Topics
Demand and Supply
Preferences and Constraints in Consumer Behavior
Effects of Changes in Income and Price
Theory of Production
Theory of Cost
Price in Perfectly Competitive Markets
Price Under Monopoly
Imperfect Competition
Factor Markets
ECO 1312 — Principles: Inflation, Recession and Unemployment (Principles of Macroeconomics)
This course studies the production of the entire economy, dealing with such issues as the general price level, the national employment rate, government spending, and the nation's money supply. Important to these issues is the definition and measurement of macroeconomic aggregates such as gross domestic product (GDP), the consumer price index (CPI), the unemployment rate, and the government surplus and deficit. These measures are called aggregates because they add together individual microeconomic components. The course looks at the determinants of inflation and the relationship between inflation and other factors, including interest rates, the money supply, and unemployment.
Prerequisite ECO 1311
Topics
Measuring Domestic Income and Domestic Product
Money and Prices
Commercial Banking and the Federal Reserve
Keynesian Economics
Aggregate Demand and Aggregate Supply
Inflation
Stabilization Policy
Economic Growth
ECO 2320 — Introduction to Public Policy
This course presents the institutions and processes by which governments make public policy and examines the substances and impact of public policy in such areas as international political economy and domestic social policy.
Prerequisites ECO 1311 and PLSC 1320
Note This course is designed primarily for Public Policy majors. The course cannot count toward the advanced economics requirement for Economics majors.
Recommended ECO 1312 and either PLSC 1340 or PLSC 1380
Topics
Policy-Making Structures and Processes
Rationality and Its Limits
Assessing Public Policy: Analytics, Ethics and Politics
Welfare State
K-12 Educational Governance
ECO 3301 — Price Theory (Intermediate Microeconomics)
This course considers more advanced problems in microeconomics. The focus is on understanding how consumers behave, how firms make pricing and output decisions, and the structure of markets and how this impacts the behavior of firms and consumers. Economic theory postulates certain behavioral rules for consumers and firm managers, and makes certain assumptions concerning the institutional structure of society (its laws, property rights, customs, etc.). Various testable propositions can be derived from the operation of the society's economic system. These propositions are investigated by working through actual models.
Prerequisites ECO 1311, ECO 1312 and MATH 1309 or 1337
Topics
Supply and Demand Analysis
Total, Average, and Marginal Magnitudes
Utility and Preference
Consumption and Demand
Theory of the Firm
Competitive Supply
Monopoly
Oligopoly
Factor Demand and Supply
Intertemporal Choice
ECO 3302 — National Income and Employment (Intermediate Macroeconomics)
This course is designed to investigate the factors that influence the level of aggregate income in an economy. It attempts to study the decision-making that ultimately results in the determination of the levels of consumption, investment, or employment. For the most part, primitive general equilibrium models are employed to investigate these questions, as well as to analyze the impact of various government fiscal policies. The behavior of business cycles and patterns across various countries is also analyzed.
Prerequisites ECO 1311, ECO 1312 and MATH 1309 or 1337
Recommended ECO 3301
Topics
Determinants of National Income
Determinants of Consumption Spending
Interest Rates and Credit Markets
Investment
Government Spending
Business Cycles
Growth
Employment
ECO 3321 — International Economic Policy
This course will examine the facts and theories of both international trade and finance. Emphasis is placed on developing a framework useful for analyzing current issues such as the U.S. Trade Deficit, policies toward multinational firms, harmonization of fiscal and monetary policies among a set of countries (such as the European Union and NAFTA), and the importance of global patent protection for economic growth.
Prerequisites ECO 1311 and 1312
Note This course is designed primarily for International Studies and Public Policy majors. Economics majors should take ECO 4357 – International Trade instead. In any case, ECO 3321 cannot be taken after or concurrent with ECO 4357
Topics
Stylized Facts of International Commerce
Theories of Trade — Comparative Advantage, Economies of Scale, and Imperfect Competition
Theory of Commercial Policy
Motives for Protection and Strategic Trade Theory
Economic Integration
The Balance of Payments: The Current Account and the Capital Account
Exchange Rate Determination
The International Monetary System
ECO 3355 — Money and Banking
Monetary policy is an important dimension of the federal government. To fully understand monetary policy, knowledge of the financial system first must be acquired. This course seeks to explain the nature of money: What is it, what purposes does it serve, and how is it measured? Attention also is paid to the banking system, its historical origins, the nature of banking as a business, and why banking is so heavily regulated. The creation of money by banks is examined as well as the role of central banking and its effect on monetary policy. The fundamentals of exchange rate determination and the international finance system are also examined.
Prerequisites ECO 1311 and 1312
Topics
Functions of Money
Fundamentals of Interest Rates
Financial Institutions
Banking Industry
The Money Supply Process
Central Banking
International Finance
Monetary Theory
ECO 4110 — Economics Practicum
(click here for practicum application)
(click here for liability release form)
By arrangement with departmental Director of Undergraduate Studies. This course is designed for students who wish to earn one advanced economics credit for their internship. Weekly journal entries reflecting the student experience is required.
Prerequisites ECO 3301, ECO 3302; two advanced economics classes (4000 level or above); a 3.000 GPA in economics classes; STAT 2301, 2331, or 4340; and approval of the Director of Undergraduate Studies.
*Please contact the Advising Office, 301D Umphrey Lee, for an application to enroll in ECO 4110.
ECO 4351 — Labor Economics
This course is an introduction to the study of labor economics. It provides an overview of labor supply and labor demand models, with extensions to models of taxes and tax credits, welfare, and social security. The focus then shifts to models of wage determination and extensions such as the effects of minimum wage, performance-based pay, unions, and discrimination. The course will be equally devoted to both theoretical and empirical analysis of these issues.
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340
Topics
Labor Supply and Demand
Wage Determination
Unions and Strikes
Discrimination
ECO 4357 — International Trade
The purpose of this course is to provide an understanding of international trade in goods and services among countries and to develop a framework for analyzing trade policy issues. Major topics covered include the determinants of trade; the gains from trade; the relation between trade and foreign direct investment; trade and labor migration; the effects of trade restrictions such as import tariffs or export subsidies; and the analysis of regional economic integration such as the European Union or NAFTA. The course covers only the real effects of trade; international financial issues will not be treated.
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340
Topics
Trade Models Based on Differences in Production Technologies
Trade Models Based on Differences in Factor Endowments
Trade Models Based on Economies of Scale
Trade and Foreign Direct Investment
Trade and Labor Migration
Analysis of Selected Trade Restraints and Subsidies
Economic Integration
Strategic Trade Policy
ECO 4358 — International Macroeconomic Theory and Policy
This course examines the monetary aspects of international economics. Implications of contemporary banking and foreign exchange practices are explored, as are interpretations given to changes in the structure of a nation's balance of payments. Central attention is given to the macroeconomic interactions among national economies and international systematic adjustments expected from market disturbances and shifting government policies. Students will evaluate the operation of the international monetary system from the gold-standard period to the present.
Prerequisites ECO 3301, ECO 3302 and one of the following: STAT 2301, 2331 or 4340
Topics
Foreign Exchange and International Banking
Balance of Payments Adjustments Under Fixed and Flexible Exchange Rates
Problems and Prospects of the International Monetary System
ECO 4361 -- Economics of Education
An economics analysis of the state of the U.S. educational system. Topics covered include, among others, trends in academic achievement, educational production functions, teacher labor markets, and educational reforms.
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340
Topics
Historical Perspective on U.S. Education
Trends in the Quantity and Quality of Schooling
Educational Production Functions
Tiebout competition
Charter schools, Vouchers, and Accountability Schemes
Teacher Labor Markets
ECO 4365 - State and Local Government Finance
Many government expenditures and taxes that impact everyday life are provided and largely financed by state and local governments. These include police and fire protection, public education, sanitation and refuse removal, street and road maintenance, water supply, recreation, and environmental protection. In this course, we will study how state and local government make decisions about what services to provide and make decisions about how to finance them.
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340
Topics
The Role of State and Local Government
What kinds of Services are Provided by Government
How to Finance the Goods and Services Provided
Tax System
How to Make the Tax System fairer
ECO 4366 — Economics of the Public Sector
This course discusses both the positive and normative aspects of government expenditures. The focus is on theoretical principles useful for analyzing the role of government intervention. Problems of market failures due to externalities and the presence of public goods (like national defense) serve as the starting point for explaining why government spending occurs. The free-rider problem and incentive mechanisms for preference revelation will be covered. A brief survey of voting and social choice models is presented. Specific government expenditure policies are explored. These topics may vary from year to year.
Prerequisite ECO 3301, STAT 2301, 2331 or 4340, MATH 1309 OR 1337; recommended: ECO 3302
Topics
Welfare Economics of Perfectly Competitive Markets
Market Failures
Social Choice and Voting Theory
Preference Revelation Mechanisms
Government Expenditures
Income Redistribution Policies
Social Insurance, e.g., Social Security
Health Care Policies
Education Policies
ECO 4368 — Foundations of Financial Economics
This course applies the tools of economic analysis to financial decision-making. Emphasis is placed on developing a framework for understanding the economic nature of these problems and their solutions.
Prerequisites ECO 3301, ECO 3355, ACCT 2301, ITOM 2305 or STAT 2301 or 2331 or 4340 (ECO 4368 cannot be taken if student has taken FINA 3320.)
Topics
Introduction to Financial Economics
Time Value of Money
Investment Decisions
Risk and Return, Capital Asset Pricing Model
Capital Budgeting
Capital Structure
Dividend Policy
Hedging
Mergers and Acquisitions
International Financial Management
ECO 4371 — Theory of Industrial Structure
This course focuses on the structure (internal organization) and behavior (market strategy) of firms in the marketplace. Firm structure and behavior are worth studying, since most real markets violate the standard of competitive assumptions and, therefore, may not maximize social welfare. The course considers both the exercise of market power (e.g., price discrimination) in relatively simple markets with a single firm as well as the more complicated exercise of market power (e.g., limit pricing, product differentiation, vertical foreclosure) in markets with multiple firms. Particular attention is paid to such policy-relevant issues as the relationship between market concentration and market power and the relationship between “meeting the competition” and predatory pricing.
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340
Topics
Monopoly and Competition
Oligopoly
Advertising and Product Differentiation
Economies of Scale and Entry Barriers
Price Discrimination and Other Pricing Practices
ECO 4378 — Financial Economics and Investment Behavior
The objective of this course is to give the student a theoretical basis for financial analysis within the context of the total process of investment decision-making. Theoretical foundations will be developed for the analysis of equities and bonds as well as portfolio performance.
Prerequisites ECO 3301, ECO 4368 or FINA 3320 and one of the following: STAT 2301, 2331 or 4340 or permission of instructor (ECO 4378 cannot be taken if student has taken FINA 4326.)
Topics
Risk and Return
Portfolio Theory
Asset Pricing Models
Market Efficiency
Bonds
Equities
Options
Futures
ECO 4382 — Economics of Regulated Industries
The existence of government regulation of business prompts economists to ask both why such regulations exist and what impact they have on firms’ behavior, market structure (in particular, firms’ market shares) and social welfare. The parallel goals of the course are to provide (1) a solid analytical foundation for investigating the above questions and (2) a thorough and detailed description of the most important government regulations (including antitrust, product quality, and patent laws).
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340
Topics
Natural Monopoly and the Regulation of Utilities
Price Controls
Regulating Transportation
Regulating Communication
Consumer Safety Regulations
Regulatory Behavior
The Antitrust Laws
ECO 4385 — Macroeconomics: Theory and Policy
The purpose of the course is to take students beyond the traditional macroeconomics course. Among the topics examined are new developments in the analysis of business cycles, the causes and consequences of inflation, and the sources of economic growth. Special emphasis is placed on “taking theory to the data,” so that students begin to see more clearly how to evaluate current macroeconomic theories and controversies.
Prerequisites ECO 3301, ECO 3302 and one of the following: STAT 2301, 2331 or 4340
Topics
Business Cycle Models and Facts
Inflation and Unemployment
Understanding Economic Growth
Assets Markets, Financial Institutions, and Macroeconomic Performance
Fiscal and Monetary Policy
ECO 4386 — Topics in Monetary Economics
Monetary economics is one of the largest fields in economics. Rather than provide extensive coverage touching on a large number of topics, this course will provide students who have had intermediate macroeconomics with a course where fewer topics in monetary economics are covered intensively at a more advanced level. The course will take an in-depth look at selected topics of current interest in the field of monetary theory and policy. The topics covered vary from year to year.
Prerequisites ECO 3301, ECO 3302 and one of the following: STAT 2301, 2331 or 4340
Topics
Nature of Money
Money in Macroeconomic Models
Financial Institutions
Models of Money Supply
Monetary Policy
Monetarism: Old and New
The Transmission Mechanism
Portfolio Choice
Overlapping Generations and Monetary Policy
ECO 4390 — Independent Study in Economics (click here for application materials)
By arrangement with faculty sponsor and departmental Director of Undergraduate Studies. Eligible students must complete a 15- to 20-page paper under the supervision of the faculty sponsor and give an oral presentation of the paper to the faculty sponsor and the Director of Undergraduate Studies at the end of the term. Note: This course can only be taken once!
Prerequisites ECO 3301, ECO 3302, one of the following: STAT 2301, 2331 or 4340, 2 4000+ level economics courses, and a 2.5 G.P.A. in economics classes. Student must find a faculty sponsor prior to enrollment.
ECO 4398 — Departmental Distinction in Economics (click here for application materials)
By arrangement with departmental Director of Undergraduate Studies. Eligible students must complete a 20- to 25-page research paper under the supervision of the faculty sponsor and present the results of their research before a faculty committee at the end of the term. Note: This course can only be taken once!
Prerequisites ECO 3301, ECO 3302, one of the following: STAT 2301, 2331 or 4340, two 4000+ level economics courses, and a 3.7 G.P.A. in economics classes and a 3.5 GPA. overall. Student must find a faculty sponsor prior to enrollment.
*Please contact the Advising Office, 301D Umphrey Lee, for an application to enroll in ECO 4110, 4390, and 4398.
ECO 5340 — Decision Making Under Uncertainty
This course examines how uncertainty affects decision making. Lack of full information makes any decision risky in the sense that a given decision may lead to any one of several possible outcomes. For example, a gambler may want to choose the winning team in a sports contest, knowing that his or her chosen team (the decision) may win (one outcome) or lose (another outcome). Similarly, an entrepreneur may want to choose that output level which maximizes profits but, under conditions of risk, each possible output decision may yield several different possible profit outcomes. In particular, if the entrepreneur is uncertain about consumer demand for the product, then the market price and the entrepreneur’s profit will also be uncertain.
Prerequisites ECO 3301, ECO 3302 and one of the following: STAT 2301, 2331 or 4340 or ITOM 2305
Topics
Risk and Utility Theory
Portfolio Analysis
Insurance and Lotteries
The Firm Under Uncertainty
Game Theory
Factor Adjustment
ECO 5341 — Strategic Behavior
This course introduces the basic concepts and tools of game theory, with applications to various areas of economics. In particular, we study how individuals and firms behave when they are well aware that their decisions affect the behavior of others. The areas of application are numerous and diverse: technology adoption, bargaining between labor unions and management, insurance, welfare policies, optimal pricing and location, division of an estate, strategy on the battlefield, etc. The various topics are unified by the techniques employed for determining the outcome in particular situations.
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340
Topics
Theory
Nash Equilibrium
Subgame Perfection
Pure and Mixed Strategies Applications
Commercial Policy
International Relations
Mergers and Acquisitions
Research and Development
ECO 5350 — Introductory Econometrics
This course is designed to present the basic concepts of econometrics and, in particular, regression analysis. It will provide students with the skills and insight necessary for conducting their own regression analysis in general. The emphasis of the course is on the application of regression analysis to inference and hypothesis testing. The topics are geared to first-time regression users. However, the course goes beyond the rudimentary mechanics of regression analysis. It covers the consequences for inference and hypothesis testing of making various kinds of specification errors.
Prerequisites One of the following: STAT 2301, 2331 or 4340 or ITOM 2305, MATH 1309 or 1337, and ECO 3301 or permission of instructor
Topics
Review of Basic Statistical Concepts
Classical Linear Regression Model (CLRM)
Violations of Assumptions of CLRM and What to Do About Them
Applications and Utilization of Computer Programs
ECO 5353 — Law and Economics
Dick's advice in Henry VI, “Let us first kill all the lawyers,” is well taken, but impractical. For better or for worse, laws and lawyers are becoming more and more important in defining how we live and how our economy operates. Law and Economics is a course designed to apply the tools of economic analysis to legal questions. The primary purpose of this course is to examine economic theories that explain the development of common law and constitutional law. Secondly, the course will look at the economic implication of certain laws, particularly laws regulating contracts, antitrust laws and liability rules.
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340
Topics
An Economic Theory of Constitutions
The Efficiency of the Common Law
Property Rights and the Law
Laws Regulating Competition
Torts and the Structure of Liability
ECO 5357 — Economics of Human Resources
This course examines several topics of interest to modern labor economists: individual labor supply and time allocation, human capital investments and the return to education, unemployment, job search, minimum wage, children and marriage, inequality, income mobility and immigration (both legal and illegal). The course will be equally devoted to theoretical modeling and interpreting empirical evidence, and to the analysis of policies such as subsidizing education, unemployment insurance, minimum wage, and restricting immigration.
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340
Recommended ECO 4351
Topics
Labor Supply
Human Capital
Returns to Education
Unemployment
Job Search
Inequality and Income Mobility
Intergenerational Mobility
Household Protection
Unemployment
Children and Marriage
Immigration
ECO 5359 — Economic Development: Microeconomic Perspectives
A microeconomic examination of various economic issues faced by developing countries. Topics covered include, among others, intra-household resource allocation, rural and urban labor markets, migration, and credit and insurance markets.
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340
Note : Students who have taken ECO 5360 prior to Fall 2007, will not receive credit for this course.
Topics
Household Formation and Decision-making
Urban and Rural Labor Markets, Migration
Credit and Insurance Markets
Nutrition and Health Policy
Education Policy
Child Labor
ECO 5360 — Economic Development: Macroeconomic Perspectives
A Macroeconomic examination of the economic issues faced by developing countries.
Prerequisites ECO 3301, ECO 3302 and one of the following: STAT 2301, 2331 or 4340
Topics
Population Growth
National Savings
Capital Accumulation
Human Capital Formation
Government Institutions
International Integration
ECO 5361 — Natural Resources and Energy Economics
This course is designed to develop an understanding of the economics of energy and natural resource use and policy. The course will cover natural resource supply and demand, the economics of renewable and non-renewable resource usage, sustainable economic growth, the environmental effects of natural energy conservation, energy security and the (de)regulation of U.S. electricity and natural gas markets.
Prerequisites ECO 3301, ECO 3302 and one of the following: STAT 2301, 2331 or 4340
Topics
Introduction: Why Energy and Natural Resource Economics?
Fundamental Tools for Natural Resource Economics
Nonrenewable Natural Resources
Resource Scarcity and Economic Growth
Natural Resource Use and Environment
Fundamentals of the Energy Market
OPEC and the World Oil Market
Energy and the Environment
Energy Prices, Economic Performance and Inflation
Energy and Natural Resource Conservation
(De)Regulation of Energy and Natural Resources
ECO 5362 — Economic Growth
This course examines the facts and theories of economic growth, the economics of technological changes, and the role of governments and markets in promoting or impeding economic development.
Prerequisites ECO 3301, ECO 3302 and one of the following: STAT 2301, 2331 or 4340
Topics
Introduction – Some Stylized Facts
Older Models of Economic Growth
The New Growth Theory
Empirics
Technological Change and R&D
Human Capital Investment
Role of Institutions
Population and Natural Resources
ECO 5365 — Public Finance
This course begins by developing the principles to be used when evaluating a tax. This framework includes efficiency and equity considerations, incentive effects, tax incidence, and dead weight loss. These concepts are used to evaluate specific revenue sources such as taxes on personal income, corporate income, payroll, and value-added. A theoretical analysis of intergovernmental transfers will be completed and used to evaluate the structure of fiscal federalism in the United States.
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340
Recommended ECO 3302
Topics
Principles of Taxation:
Efficiency
Incidence
Incentive Effects
Specific Revenue Sources:
Personal Income Tax
Corporate Income Tax
Payroll Tax
Excise Taxes
Fiscal Federalism: Theory and Practice
ECO 5370 — Cost-Benefit Analysis
Individual economic decisions coordinated through a fully functioning set of competitive markets guarantee an efficient outcome. However, in a large number of instances markets may fail to operate satisfactorily, requiring the government to intercede to promote efficiency and/or equity. This course introduces the students to the tools for evaluating alternative methods of government intervention. In particular, it develops a framework for evaluating costs and benefits of economic projects from the government's point of view.
Prerequisite ECO 3301 or graduate standing and one of the following: STAT 2301, 2331 or 4340
Topics
Economic Efficiency and Market Failure
Voting Paradoxes and Social Welfare
Elements of Cost-Benefit Analysis
Project Evaluation over Time
Linear Programming: The Concept of Shadow Prices
Shadow Prices of Time, Labor, Capital, and Foreign Exchanges
Uncertainty and Project Evaluation
ECO 5375 — Economic and Business Forecasting
This course presents methods used by economists to forecast economic and business trends. Statistical procedures for evaluating the usefulness of these methods are also discussed. Illustrative examples include forecasting GNP, interest rates, and unemployment.
Prerequisite ECO 3301 and one of the following: STAT 2301, 2331 or 4340 or ITOM 2305 or equivalent
Topics
Objectives and Methods of Forecasting
Leading, Lagging, and Coincident Economic Indicators
A Method for Validating Proposed Leading Indicators
Box-Jenkins Time-Series Models and Forecasting
Econometric Models which Implement Leading Indicators
Combination Forecasting
ECO 5380 — Computing for Economics
Emphasis on learning one or more computer programs commonly used in economics to address economic and business problems and issues. Depending on instructor choice, programs to be reviewed could include SAS, R, STAT, SPSS, MATLAB, SQL, and Cognos. A primary objective is to teach students programming skills like data discovery, data summarization, graphics, file manipulation, if-then-else programming statements, iterative procedures, creation of subroutines and macros, and design and implementation of simulation techniques.
Prerequisite ECO 3301, 3302, and 5350, MATH 1309 or 1337, and one of the following: STAT 2301, 2331, or 4340, or ITOM 2305
Topics
Software Assessment for Use in Applied Economics
Statistics Software Applications in Economics
Matrix Language Packages
Computer Algebra and Linear Program Applications
ECO 5385 — Data Mining Techniques for Economists
A study of data mining techniques used by economists in the fields of applied economics, marketing, and finance. These techniques include classification methods (logistic models, classification trees, neural networks), affinity analysis (association rules) and data reduction and exploration methods (principal components and k-means clustering).
Prerequisite ECO 5350 and one of the following: STAT 2301, 2331, 4340 or ITOM 2305
Topics
Target Marketing
Credit Scoring
Customer Segmentation
Market Basket Analysis
Fraud Detection
ECO 5390 — Mathematical Finance: Theory and Applications
A study of selected topics in Finance (such as Capital Asset Pricing, Options and their Valuation, Analytics of Credit Derivatives) that combines theory with actual applications in the financial profession.
Prerequisite ECO 5350, ECO 4378 (Or FINA 4326), ECO 4368 (Or FINA 3320) and one of the following: STAT 2301, 2331, 4340 or ITOM 2305
Topics
Capital Asset Pricing Model
Options
Models of Bond Default, Analytics of Credit Rankings
Interest Rate Models and Interest Rate Derivatives
Optimal Portfolio Hedging
Value at Risk Analysis
ECO 6352 — Applied Econometric Analysis
This course is an extension of ECO 5350. It deals with statistical techniques that go beyond multiple regression analysis such as unit root testing, VAR modeling, innovation accounting, ARCH and GARCH analysis, logit and probit models, and count data, among other topics. The emphasis in this course is on extensive computer analysis or current economic topics using advanced econometric techniques.
Prerequisite ECO 5350 or permission of instructor and one of the following: STAT 2301, 2331 or 4340
Note Undergraduate students taking this course must go to the Undergraduate Advising Office (301D LEE) to request that this course be counted toward their undergraduate degree
Topics
Modern Time Series Analysis
Analysis of Qualitative Dependent Variables
Pooling Time Series and Cross Sectional Data
Simultaneous Equation Models
Utilization of Computer Programs like SAS, Stata, and EVIEWS