Economics (ECON) Graduate Course Descriptions
ECON 505. Intermediate Macroeconomics.
Functioning of the economy as a whole. Determinants and interrelation of the economy's aggregate production, inflation, unemployment, economic growth, business cycles, and monetary/fiscal policies. Prereq.: 205, 206. 3 credits F, S, SUM.
ECON 506. Intermediate Microeconomics.
Economic processes in the free enterprise system; determination of price, output, and factor services in different market structures. Prereq.: 205, 206. 3 credits F, S, SUM.
ECON 520. Economics of Nonprofit Organization.
Economic theories of nonprofit and public organizations, their importance in the economy and the structure and performance of not-for-profit firms and public agencies. Prereq.: 205, 206. 3 credits S, ALT.
ECON 542. Law and Economics.
Laws' effects on market and non-market behavior emphasizing the theory of externalities. Contract law, property rights, tort law, and public choice theory. Prereq.: 205, 206. 3 credits S, ALT.
ECON 551. Resource and Environmental Economics.
Natural resource allocation: economic efficiency, externalities, and temporal implications. Environmental policy analysis, air and water quality, toxic substances, and distributional consequences. Prereq.: 205, 206. 3 credits S, ALT.
ECON 559. Economic Analysis.
Graduate level principles of economics. The economic process, national income analysis, money and the banking system, theory of income distribution, pricing systems, resource allocation. Primarily for MBA students. 3 credits F, S, SUM.
ECON 560. Public Finance.
The role of government in the economy with emphasis upon public revenues and expenditures, tax structure, inter-governmental fiscal relations, fiscal policy, and public debt management. Prereq.: 205, 206. 3 credits F, S.
ECON 561. Public Economics: State and Local.
The economics of state and local government. Public projects, tax and revenue structures, and intergovernmental relations, in Minnesota. Prereq.: 205, 206, or consent of instructor. 3 credits F.
ECON 565. Urban and Regional Economics.
Analysis of regions, development, location theory, central place theory, local public finance. Urban problems: poverty, transportation, housing, crime, pollution. Prereq.: 205, 206. 3 credits F, S.
ECON 570. Economic and Business Forecasting.
Economic and business fluctuations. Forecasting methods; time series and regression-based techniques for short and long term forecasting. Prereq.: 205, 206, BCIS 242 or STAT 219. 3 credits F, S, SUM.
ECON 571. Money and Banking.
Monetary economics, structure and functioning of commercial banks and other financial intermediaries. The Federal Reserve System and its monetary policy tools, goals and targets. Prereq.: 205, 206. 3 credits F, S, SUM.
ECON 572. Industrial Organization and Public Policy.
Market structure, firm behavior, and market performance. Public policy toward business via government regulation and antitrust policy. Prereq.: 205, 206. 3 credits S.
ECON 573. Labor Economics.
Labor as a factor of production, growth of collective bargaining and labor legislation, and its effects upon society. Prereq.: 205, 206. 3 credits S.
ECON 574. International Economics.
Trade models, terms of trade, trade patterns, economic integration, and barriers to trade. Balance of trade/payments, exchange rate determination, capital mobility, and open economy policy coordination. Prereq.: 205, 206. 3 credits F, S, SUM.
ECON 578. History of Economic Thought.
Historical development of economic analysis and of the ideas of major economic thinkers. Prereq.: 205, 206. 3 credits S.
ECON 580. Area Economic Studies.
Economic problems of selected regions, areas, or countries of the world. May be repeated with different topics to a maximum of nine credits. Prereq.: Consent of the instructor. 1-3 credits DEMAND.
ECON 583. Contemporary Economic Problems.
Solutions of problems arising from growth and development of modern institutions under the free enterprise system. May be repeated with different topics to a maximum of six credits. Prereq.: Consent of department. 3 credits DEMAND.
ECON 585. Introduction to Econometrics.
Model development and statistical testing procedures, applied economic analysis. Model specification, properties of estimation procedures, statistical inference. Prereq.: 205, 206. STAT 219 or BCIS 240. 3 credits F.
ECON 586. Introduction to Mathematical Economics.
Application of mathematical tools to the problems of micro and macro economic theory. Prereq.: 406 and MATH 241 or equivalent. 3 credits F.
ECON 587. Advanced Topics in Economic Modeling.
Mathematics and software used in advanced theoretical and applied economics. Applications or integral calculus, static and dynamic optimization, game theory, linear and nonlinear programming. Prereq.: 486-586. 3 credits F.
ECON 597. Advanced Topics in Applied Economic Theory.
Applications of advanced economic theory. Topics to be selected by the instructor. May be repeated with different topics up to 9 credits. Prereq.: 405/505 or 406/506 or consent of the instructor. 3 credit DEMAND.
ECON 598. Advanced Topics in Applied Econometrics.
Applications of advanced econometric models. Topics to be selected by the instructor. May be repeated with different topics up to 9 credits. Prereq.: 485/585 or consent of the instructor. 3 credit DEMAND.
Economics (ECON) Courses for Graduate Students Only
ECON 601. Readings in Economics. (Topical.)
Guided study of individual investigation of special economic problems and/or theoretical topics. Credits and meetings by arrangement. May be repeated with different topic to a maximum of six credits. 1-3 credits DEMAND.
ECON 602. Reading in Economic Education. (Topical.)
Guided study of the literature in the field and/or its applications. May be repeated with different topic to a maximum of six credits. 1-3 credits DEMAND.
ECON 603. Managerial Economics for Public and Nonprofit Institutions.
Development and application of economic theory and methods to decision-making in public and nonprofit institutions. Prereq.: ECON 205 and 206, or 559 or equivalent. 3 credits F.
ECON 605. Macroeconomic Theory.
The determination of aggregate output, employment, and prices. National and policy issues and their impacts on economic activity. Prereq.: 405, 406, 586, 587 or equivalent. 3 credits F.
ECON 606. Microeconomic Theory.
Theory of behavior of individuals and firms, optimization and markets. Prereq.: 405, 406, 586, 587 or equivalent. 3 credits S.
ECON 610. Economic Education.
Economic concepts found in the public school curricula, the economic theories necessary to understand these concepts, and development of models for examination of public policy issues. 3 credits DEMAND.
ECON 615. Econometrics.
Economic theory and statistical inference to specify, estimate, and interpret economic models with emphasis on applied economic analysis. Model specification, lease squares and maximum likelihood estimates of single and simultaneous equations, forecasting and simulation. 3 credits F.
ECON 620. Decision Making Tools for the Nonprofit and Public Sector.
Statistical tools to analyze decision making. Hypothesis testing; OLS regression analysis; Probit, Tobit and Logit regression analysis; and Data Envelopment Analysis. Prereq.: BCIS 240 or STAT 219 or equivalent. 3 credits DEMAND.
ECON 630. Seminar in Economic Education.
Research and seminar presentation on selected economic topics. May be repeated to maximum of six credits. Prereq.: consent of department. 1-3 credits DEMAND.
ECON 631. Seminar in Economic Education.
Research and seminar presentation of topics in economic education. May be repeated. Prereq.: Consent of department. 3 credits DEMAND.
ECON 632. Research Methodology.
Methods in economic research; decision theory and decision making tools; values in economics; problem identification and selection; hypothesis testing, assumptions, model selection. Prereq.: 405, 406 or equivalent. 3 credits DEMAND.
ECON 640. Economics of Art and Culture.
History and functioning of the live performing and fine arts, the functioning of arts markets, financial performance of arts institutions and public policy toward the arts. Prereq.: 603 or equivalent. 3 credits DEMAND.
ECON 644. Internship.
A supervised internship in a business, government, or nonprofit organization. Requires prior approval. 1-9 credits DEMAND.
ECON 645. Economic Problems of Underdeveloped Countries.
Social and economic development, economic growth theory. 3 credits DEMAND.
ECON 670. Advanced Economic and Business Forecasting.
Economic and business forecasting methods; time series and registration-based techniques for short and long term forecasting. 3 credits S.
ECON 677. Managerial Economics.
Economic analysis as an aid in management and control. 3 credits S.
ECON 679. Comparative Economics.
The functioning of different economic systems. Comparison of the principles of operation using theoretical systems as a framework for comparison of the social and economic objectives. 3 credits DEMAND.
ECON 697. Starred Paper (Plan B) Preparation.
Individualized, independent guidance on starred paper (Plan B) projects. Open to Plan B Master's students only by arrangement. 3 credits DEMAND.
ECON 699. Thesis.
1-6 credits DEMAND.
