ECON 5301 Microeconomics Theory I (3 semester hours) Modern approaches
to the theory of the firm, the theory of the consumer, and formal relationships
among the various economic functions developed using dual approaches to the
optimization of objectives such as profit maximization, utility maximization,
and cost minimization. Introduction to game theory; and
market analysis through classical/neoclassical and game theoretic approaches.
(3-0) Y
�ECON 5302 Macroeconomics Theory I
(3 semester hours) This course is the first in a sequence of core graduate
macroeconomic theory courses.� The main
aim is to introduce students to the methods of deterministic dynamic analyses
in economics.� The second aim is to
employ those methods in understanding aggregate empirical regularities as they
pertain to economic growth with standard modern macroeconomic theory.� Therefore, primary course aims include a
thorough discussion of non-stochastic dynamics and optimization.� Next, using these methods, exogenous and
endogenous growth applications that illustrate the applied general equilibrium
analyses that comprise modern macroeconomic growth theory are discussed.� The course concludes with an introduction to
non-stochastic overlapping generations models and discusses the role of dynamic
efficiency in macroeconomic theory. (3-0) Y
ECON 5309 Mathematical Economics (3 semester hours) Mathematical tools
used in advanced topics model building and in the social and economic analysis
of public policy. (3 0) Y
ECON 5311 Applied Econometrics (3 semester hours) This
course investigates the consequences of relaxing the classical linear
regression model assumptions and explores solutions when the assumptions do not
hold.� Topics include a review of the OLS
basics (including the assumptions, hypothesis testing, multicolinearity, dummy
variables and heteroskedasticity), model specification and selection, GLS,
maximum likelihood estimation, binary choice models, simultaneous equation
models, instrumental variables, and fixed and random effects models. (3-0) Y
ECON 5321 Microeconomic Theory for
Applications (3 semester hours) For Master of Science students only.� Modern approaches to the theory of the firm,
the theory of the consumer, and formal relationships among the various economic
functions developed using dual approaches to the optimization of objectives
such as profit maximization, utility maximization, and cost minimization.
Introduction to game theory; and market analysis through classical/neoclassical
and game theoretic approaches.� MSAE
students who intend to enter PhD program in ECON should take ECON 5301. (3-0) Y
ECON 5322
Macroeconomic Theory for Applications (3 semester hours) For Master of
Science students only.�
Development of modern macroeconomic theory, including national income
accounts and their relation to input-output tables; classical, Keynesian, and
monetarist aggregate models; behavior hypotheses of consumption, investment,
and government; properties and the role of money and interest; foreign trade
and investment; price rigidity, price flexibility, and employment; wage-price
interaction and inflation; unemployment; and ad hoc stabilization models. MSAE
students who intend to enter PhD program in ECON should take ECON 5302. (3-0) Y
ECON 5325 Game Theory for the Social Sciences. (3 semester hours)
Non-technical survey of game theory and its applications in the social
sciences. Introduction to concepts such as dominant strategies, Nash
equilibrium, evolutionary stability, repeated games, and games with incomplete
information. Applications include collective action, conflict,
bargaining, the evolution of altruism and cooperation, and signaling.
(3-0) R
ECON 6109 Econometrics I Lab (1 semester hour) This
course uses STATA both as a data analysis tool and a programming language in
econometric analysis.� The course
parallels ECON 6309, Econometrics I, in the topics covered in econometric data
analysis.� Corequisite or prerequisite: ECON
6309.�
(0-1) Y
ECON 6307 Microeconomics Theory II (3 semester hours) General
equilibrium theory of markets and welfare economics; discusses the problems of
existence, stability, efficiency, and equity of economic equilibrium; and
introduces social choice and the special problems created by public goods,
externalities, and uncertainty.� ECON 5301
recommended. (3-0) Y
ECON 6308 Macroeconomics Theory II (3 semester hours) This course is the
second in a sequence of core graduate (doctoral level) macroeconomic theory
courses.� The main aim is to introduce
students to the methods of stochastic dynamic analyses in economics.� The second aim is to employ those methods in
understanding aggregate empirical regularities, for instance as they pertain to
business cycles, with standard modern macroeconomic theory.� Therefore, primary course aims include a
thorough discussion of stochastic dynamics and optimization.� Next, using these methods, applications that
illustrate the applied general equilibrium analyses that comprise: modern
macroeconomic business cycle theory, consumption, asset pricing and topics in
‘behavioral’ macroeconomics are discussed. ECON 5302 recommended
(3-0) Y
ECON 6309 Econometrics I (3 semester hours) An
introduction to econometrics, with a development of background concepts in
linear algebra and statistics. The course focuses on estimation, hypothesis
testing, and prediction in the classical linear regression model. Corresponding
large sample issues are considered. General testing principles, such as
likelihood ratio, Wald, Lagrange multiplier, and Hausman-type tests are also
discussed. Other topics include model specification and nonlinear estimation issues..� ECON 5311 recommended. (3-0) Y
ECON 6310 Econometrics II (3 semester hours) This
is the second core course in the econometrics sequence of the economics Ph.D.
program.� The course extends the topics
covered in the first course and covers topics such as serial correlation, unit
roots, cointegration, and dynamic models; panel data; simultaneous equations
models; and maximum likelihood and GMM estimation methods.� (3-0) Y
ECON 6311(GISC 6311)Statistics for Economists (3 semester hours) The course introduces
calculus-based statistical analysis and probability theory, providing
background for econometrics and economic modeling of simple stochastic
processes.� Standard probability
distributions are covered, including Bernoulli, binomial, negative binomial,
hypergeometric, Poisson, normal, gamma, beta, t and F
distributions.� Estimation and hypothesis
testing are discussed.� Introductory
asymptomatic theory, including the Law(s) of Large Numbers and the Central
Limit Theorem, will be covered as well as real-world applications of
probability theory as time permits. (3-0) Y
ECON 6312 Econometrics III (3 semester hours) This is the
third core course in the econometrics sequence of the economics Ph.D.
program.� The course extends the topics
covered in the first two courses and covers topics such as Bayesian,
semiparametric and nonparametric estimation approaches; discrete choice models,
limited dependent variable models and duration models; and bootstrap and
jackknife methods. Prerequisite: ECON 6310 (3-0) Y
ECON 6314 (POEC 6318) Structural Equation and Multilevel (Hierarchical)
Modeling (3 semester hours) An introduction to structural equation modeling
(SEM) and multilevel modeling (MLM), sometimes called hierarchical linear or
mixed modeling. SEM represents a general approach to the statistical
examination of the fit of a theoretical model to empirical data. Topics include
observed variable (path) analysis, latent variable models (e.g., confirmatory
factor analysis), and latent variable SEM analyses. MLM represents a general
approach to handling data that are nested within each other or have random
components. Topics include dealing with two-level data that may be
cross-sectional, such as students within classes, or longitudinal, such as
repeated observations on individuals, firms, or countries. Prerequisite: ECON 5311
or ECON 6309 or POEC 5316 or consent of instructor. (3-0) R
ECON 6315 (PSCI 6315 and POEC 7370) Time Series Econometrics (3 semester
hours) This course examines econometric issues encountered in the analysis of
time series data from a perspective of both estimation and forecasting: various
forms of serial correlation within classical regression models, ARCH and GARCH
models, Box-Jenkins ARIMA models, unit root models and cointegration, and
modeling economic dynamics with VAR and other techniques. Prerequisite: ECON 5311
or ECON 6309 (3-0) R
ECON 6316 Spatial Econometrics (3 semester hours) The application of
econometric techniques to the explicit treatment of space (geography) in social
science models. Covers the specification of spatial regression models,
estimation and specification testing. The emphasis is on the application of
spatial econometric methods to an empirical data analysis project.
Prerequisite: POEC 5311 or equivalent. (3-0) R
ECON 6319 Microeconomics Theory III.� Primarily a course on the role of strategic
interdependence in economics using game theory.�
Topics include noncooperative games, simultaneous-move games and dynamic
games with applications from a wide variety of fields in economics. (3-0) Y�
ECON 6321 Financial Economics I (3 semester hours) A course in
quantitative methods for investment analysis, supplemented with detailed
descriptions of the prominent players and the rules of the game which prevail
in major U.S. financial markets. Security valuation, fixed income pricing
formulas, and basic portfolio management are covered. The key concepts and
outstanding debates surrounding the efficient market hypothesis are introduced.
(3-0) T
ECON 6322 Financial Economics II (3 semester hours) Continuation of
Financial Economics I. It covers core concepts in portfolio theory within the
mean-variance framework, focusing on the problem of choosing a point on the
efficient set. Additional topics to be covered include the CAPM model,
arbitrage pricing theory, bond analysis, and the basics of the term structure. (3-0)
T
�ECON 6325 (POEC 7304) Cost Benefit
Analysis (3 semester hours) Examines methods for measuring costs and
benefits of public projects and policies, and the application of cost benefit
analysis to areas such as economic development, water resources, recreation,
transportation, regulation, and the environment. (3-0) R
ECON 6331 Labor Economics I (3 semester hours) Labor economics is the
branch of economics that deals with how labor markets function. Topics covered
will include labor supply, retirement, wage structure, inequality in earnings,
discrimination, and labor market frictions. This course is one of two courses
in the nonsequential course offerings in graduate labor economics. (3-0) T
ECON 6332 Labor Economics II (3 semester hours) This course continues
the study of theoretical and applied research of labor markets from Labor
Economics I. Topics studied include demand for labor, wage setting
institutions, wage structure, investment in human capital, and labor mobility.
Labor Economics I is not a prerequisite for Labor Economics II. (3-0) T
ECON 6335 Health Economics (3 semester hours) Economic
analysis of the health care industry to explain the demand for and supply of
medical care. Includes analysis of behavior of consumers, producers, and
insurers; and public policies to regulate the industry and to provide services
for the various segments of the population. (3-0) R
ECON 6336 (POEC 7319) Economics of Education (3 semester hours) This seminar examines theoretical and empirical writings
relating to educational policy. The issues considered will include the link
between educational achievement and earnings, the role of early childhood,
assessments of head start and pre-school programs, the effectiveness of
compensatory education and tutoring programs, the large and persistent
achievement gap between children from minority and low-income families and
those from middle-income Asian and white families, a critical examination of
educational production functions, the extent and consequences of school
segregation, bilingual education programs, special education programs,
international comparisons of student achievement and schools, school finance
and an examination of various school reform proposals. (3-0)
R
ECON 6340 Industrial Organization (3 semester hours)
Market structure, firm conduct, and economic performance of business with
emphasis on firms’ strategic behavior in price and nonprice competition.
Topics include oligopoly pricing and production decisions, strategic entry
deterrence, location strategies, product differentiation, advertising, research
and development, and the effects of firms’ conduct on economic welfare
and market structure. (3-0) T
ECON 6343 (POEC 7323) Economic Regulation of Business (3 semester hours)
Studies the rationale for, and the history and political-economic results of,
government intervention in markets in the form of (1) direct regulation of
prices, quantity, entry and exit, and product quality in industries (utility,
communication, and transportation), and (2) indirect intervention through
antitrust laws and the regulation of advertising. Government deregulation and
changes in antitrust institutions also are explored. Prerequisite: ECON 5321 or
ECON 5301 or POEC 5307 (3-0) T
ECON 6344 Transfer Pricing (3 semester hours) The economics of transfer
pricing of goods, services, and intellectual property traded among units
(divisions or affiliated firms) of a common parent company. Multidivisional
firms and multina�tional enterprises use transfer pricing for coordination of
divisional objectives, allocating internal resources, and maximizing after-tax
profits, among other goals. Governments base firms’ tax liability on
transfer prices; so their taxing authorities operate to ensure transfer prices
adequately reflect the value of goods and services, challenging firms’
established transfer pricing if it is deemed necessary. Legal issues and
methods used by private firms and government agencies for establishing transfer
prices are explored. (3-0) T
ECON 6345 (POEC 7327) Innovation Dynamics and Economic
Change (3 semester hours) Examines patterns and processes of technological
and organizational innovation in technology-intensive industries.
Special attention given to industries in the broad IT-Telecom sector heavily
represented in the Dallas regional economy. Focuses on the institutional,
economic, political, and sectoral contexts in which
the continued development must be interpreted, with a focus on how rapid
technical advance has emerged as a key criterion for competitiveness. (3-0) T
ECON 6351 Development Economics (3 semester hours) An
overview of theories of national economic growth and development in the context
of developing countries. This includes macroeconomic models; the role of financial
development, trade, and agriculture; domestic sectoral policy; human resource
development; the environment; poverty. (3-0) R
ECON 6352 (POEC 6360)World Political Economy (3 semester hours) An
overview of the major economic, social, political and cultural forces that
influence the nature of the international economic and political environment,
as well as global economic and political relations. Topics include: theories of
global political economy; economic and political transformation in Eastern Europe,
China and the former
ECON 6355 International Trade (3 semester hours) Provides
a broad overview of theory and evidence concerning international trade, direct
foreign investment and trade policy. Topics include scale economies, imperfect
competition, and product differentiation, trade dynamics, economic growth,
trade policies, and the political process. (3-0) R
ECON 6356 International Finance (3 semester hours) Financial
aspects of growth and income determination in open economies. Specific topics
include financial risk in the international setting; money and exchange rate
regimes; income determination and macroeconomic policy; history of
international monetary arrangements, and current issues in international
monetary reform. (3-0) R
ECON 6358 (POEC 6368 and SOC 6368) Population and Development (3
semester hours) Examines the relations between
population, resources, economic development, and the environment in light of
conflicting Malthusian and anti-Malthusian paradigms. Topics include fertility,
mortality, public health, human capital, use of resources, and environmental
impacts at local, regional, and global scales. (3-0) R
ECON 6361 Public Sector Economics (3 semester hours) Examines
the economic role of government in a mixed economy. Surveys
why markets may fail and explores governmental strategies of intervention in
light of these failures. Expenditure and tax policies are studied with
attention to effects on both efficiency and distribution. (3-0) T
ECON 6362 (POEC 6353) Industry, Technology, and Science Policy (3
semester hours) An examination of the bi-directional
relationship of science and technology to the economy and society. Topics
include: the nature of technology; technology as magic – the technological
fix; technological progress, productivity and global industrial
competitiveness; the economic and social shaping of science and technology; the
role of government policy; human fallibility and dangerous technology;
appropriate technology and economic development; and science, technology and
the environment. (3-0) T
ECON 6363 Public Economics I (3
semester hours) A study of externalities, public goods, club goods and related
topics. Pass/Fail graded only. Prerequisite: ECON 5301 or ECON 5321 (3-0) R
ECON 6365
Public Economics II (3 semester hours) A study of positive and
normative theories of taxation, the effect of taxation on behavior, behavioral
public finance and related topics. Pass/Fail graded only. Prerequisite: ECON 6361
or ECON 6363 (3-0) R
ECON 6366 Game Theory (3
semester hours) Advanced treatment of topics in noncooperative game
theory. May also include a brief survey of cooperative game theory.
Major topics covered include correlated equilibrium, equilibrium refinements,
evolutionary stability and dynamics, multi-level selection, revelation
principle, strategic substitutes and complements, uniqueness and comparative
statics. Prerequisites: GISC
5316 or POEC 5316 or ECON 5311 or permission of instructor. (3-0) R
ECON 6371 (PA 6341, POEC 6341and SOC 6341) Urban Economics (3 semester
hours) Presents methods and models for understanding urban growth and
development processes. Topics include analysis of urban growth, land use
patterns, transportation and local public good delivery systems. Welfare
consequences of various urban policy options are explored. (3-0) R
ECON 6372 (PA 6342) Local Economic Development (3 semester hours) Examines the role of local governments in promoting economic
development in the United States. This course analyzes the economic development
process through economic theories of local development and examines practical
implications of those theories. Topics include local economic development and
poverty, tax incentives, infrastructure credits, firm location decisions and
effects of government competition for economic activity. (3-0) R
ECON 6380 Experimental Economics I (3 semester hours) Introduction to the methodology of laboratory
experimental economics, including principles of experimental design,
development of effective protocols, research with human subjects, and
statistical analysis of experimental data, designing experiments to test
theory, experimental measurement of preferences and attitudes, and market and
institutional “wind-tunnel” design.�
Prequisites: ECON 5301 and ECON 6309, or instructor’s permission.
(3-0) T
ECON 7311 Special Topics in Econometric and Spatial Analysis(3 semester
hours) Topics vary from semester to semester. May be repeated
for credit to a maximum of 9 hours. However, students may not take more
than 3 hours of the field requirement from ECON 7311. (3-0) R
ECON 7321 Special Topics in Labor Economics (3 semester hours) Topics
vary from semester to semester. May be repeated for credit to
a maximum of 9 hours. However, students may not take more than 3 hours
of the field requirement from ECON 7321. (3-0) R
ECON 7331 (POEC 7329) Special Topics in Industrial Organization (3
semester hours) Topics vary from semester to semester. May be
repeated for credit to a maximum of 9 hours. However, students may not
take more than 3 hours of the field requirement from ECON 7331. (3-0) R
ECON 7341 Special Topics in International Development (3 semester hours)
Topics vary from semester to semester. May be repeated for
credit to a maximum of 9 hours. However, students may not take more than
3 hours of the field requirement from ECON 7341. (3-0) R
ECON 7351 Special Topics in Public Economics (3 semester hours) Topics
vary from semester to semester. May be repeated for credit to
a maximum of 9 hours. However, students may not take more than 3 hours
of the field requirement from ECON 7351. (3-0) R
ECON 7380 (GISC 7380, POEC 7380) Applied Multivariate Analysis (3 semester
hours) Application of multivariate statistical techniques to spatial
and economic data. Covers parametric and non-parametric statistical theory and
applications including multiple linear and non-linear regression, poisson and
binomial regression, principal components and factor anlaysis, discriminant
function analysis, and canonical correlation. Includes an introduction to SAS
computing. Prerequisites: GISC 5316 or POEC 5316 or ECON 5311 (3-0) R
ECON 7381 Special Topics in Experimental and Behavioral� Economics (3 semester hours) Topics vary
from semester to semester. May be repeated for credit to a
maximum of 9 hours. However, students may not take more than 3 hours of
the field requirement from ECON 7381. (3-0) R
ECON 7391 Special Topics in Economics (3 semester hours) Topics vary
from semester to semester. (May be repeated for credit to a
maximum of 9 hours.) R
ECON 7V01 Literature Survey/Paper Seminar (3 or 6 semester hours)
Students registering for this seminar work towards the completion of their
literature survey requirement. Course includes oral
presentations and progress reports. [3-6]-0 R
ECON 7V02 Research in Economics (3-6
semester hours) Topics vary from semester to semester.� May be repeated for credit.� Prerequisite: Consent- of Instructor. [1-9]-0
R
ECON 7V03 Research Paper Seminar (3 or 6 semester hours)
Students registering for this seminar work towards the completion of their research
paper requirement. Oral presentations and progress reports. [3-6]-0 T
ECON 8V01 (POEC 8398) Dissertation Seminar (3-9) semester hours) A
seminar for students preparing proposals or writing dissertations.
Prerequisite: Successful completion of qualifying examination or consent of
instructor. May be repeated for credit. ([3-9]-0)
ECON 8V02 Dissertation (1-9 semester hours) Provides faculty supervision
of a student’s dissertation research. May be repeated for
credit. Prerequisite: Consent of instructor. ([1-9]-0) Y
ECON 8V97 Internship (3-6 semester
hours) Provides faculty supervision for a student’s internship.� Internships must be related to the
student’s course work.� Internships
are mainly intended for terminal MSAE students.�
Prerequisite: Consent of Instructor ([1-9]-0) R