Course Schedules

Applied Economics Schedule
View the Fall 2017 schedule
View the Spring 2018 schedule
View the Summer 2018 schedule

To view course electives over semesters,
view the Multi-Year Schedule page.

The courses below are those offered for the term. (To view the course description, class dates & times, touch on accordion tab by the title.)

State-specific Information for Online Programs

Note: Students should be aware of state-specific information for online programs. For more information, please contact an admissions representative.

  • Washington DC Center

    440.021.51 - Practicum in Applied Economics

    $4160

    Frank Weiss

    Sunday 12:00 - 12:00; 1/8 - 4/30

    Internships or external projects applicable to the program curriculum qualify for the course. Permission of the student's advisor and of the Program Director is required before adding this non-credit course.

    440.601.51 - Microeconomic Theory

    $4160

    David Austin

    Wednesday 6:00 - 8:30; 1/10 - 4/25

    Prerequisite: AS.440.304, Math Methods for Economists This course offers a systematic presentation of consumer theory, theory of the firm, and market equilibrium. Topics covered include constrained optimization, preferences and utility, exchange, production, pricing, market structures, and welfare economics.

    440.601.52 - Microeconomic Theory

    $4160

    Cleve Tyler

    Thursday 6:00 - 8:30; 1/11 - 4/26

    Prerequisite: AS.440.304, Math Methods for Economists This course offers a systematic presentation of consumer theory, theory of the firm, and market equilibrium. Topics covered include constrained optimization, preferences and utility, exchange, production, pricing, market structures, and welfare economics.

    440.602.51 - Macroeconomic Theory

    $4160

    Andrea Ajello

    Monday 6:00 - 8:30; 1/8 - 4/30

    Prerequisite: AS.440.304, Math Methods for Economists This course provides a systematic overview of the theory of aggregate output and employment, the rate of interest, and price level determination. Coverage includes the theories of consumption and investment, the demand and supply of money, inflation, unemployment, and economic growth. These topics are discussed in the context of contemporary empirical work on aggregative relationships.

    440.602.52 - Macroeconomic Theory

    $4160

    Andrew Gillen

    Tuesday 6:00 - 8:30; 1/9 - 4/24

    Prerequisite: AS.440.304, Math Methods for Economists This course provides a systematic overview of the theory of aggregate output and employment, the rate of interest, and price level determination. Coverage includes the theories of consumption and investment, the demand and supply of money, inflation, unemployment, and economic growth. These topics are discussed in the context of contemporary empirical work on aggregative relationships.

    440.605.51 - Statistics

    $4160

    Mark Prell

    Tuesday 6:00 - 8:30; 1/9 - 4/24

    This course provides a general survey of statistical methodology. Topics include probability and sampling, distribution theory, hypothesis testing, estimation (Maximum Likelihood and Method of Moments), and Analysis of Variance. It is also designed to provide the requisite background for 440.606 Econometrics. Prerequisite: a course in Calculus

    440.605.52 - Statistics

    $4160

    Richard Langford

    Thursday 6:00 - 8:30; 1/11 - 4/26

    This course provides a general survey of statistical methodology. Topics include probability and sampling, distribution theory, hypothesis testing, estimation (Maximum Likelihood and Method of Moments), and Analysis of Variance. It is also designed to provide the requisite background for 440.606 Econometrics. Prerequisite: a course in Calculus

    440.606.51 - Econometrics

    $4160

    Erik Scherpf

    Wednesday 6:00 - 8:30; 1/10 - 4/23

    This course focuses on the application of statistical methods to the testing and estimation of economic relationships. After developing the theoretical constructs of classical least squares, common problems encountered when applying this approach, including serial correlation, heteroscedasticity, and multicollinearity, are discussed. Techniques for dealing with these problems are then examined. Models with lagged variables are considered, as is estimation with instrumental variables and two-stage least squares. Prerequisites: 440.605 Statistics.

    440.606.52 - Econometrics

    $4160

    Utpal Vasavada

    Thursday 6:00 - 8:30; 1/11 - 4/26

    This course focuses on the application of statistical methods to the testing and estimation of economic relationships. After developing the theoretical constructs of classical least squares, common problems encountered when applying this approach, including serial correlation, heteroscedasticity, and multicollinearity, are discussed. Techniques for dealing with these problems are then examined. Models with lagged variables are considered, as is estimation with instrumental variables and two-stage least squares. Prerequisites: 440.605 Statistics.

    440.614.51 - Macroeconometrics [Time-Series Analysis]

    $4160

    Roberto Ayala

    Wednesday 6:00 - 8:30; 1/10 - 4/23

    This course focuses on the practical uses of time-series econometrics in a macroeconomic context. The topics covered include autoregressive-moving average processes, non-stationary time series models, unit root tests, vector autoregression models, and cointegration analysis. Prerequisites: 440.602 Macroeconomic Theory and Policy; 440.606 Econometrics.

    440.614.52 - Macroeconometrics [Time-Series Analysis]

    $4160

    Laurel Adams

    Thursday 6:00 - 8:30; 1/11 - 4/16

    This course focuses on the practical uses of time-series econometrics in a macroeconomic context. The topics covered include autoregressive-moving average processes, non-stationary time series models, unit root tests, vector autoregression models, and cointegration analysis. Prerequisites: 440.602 Macroeconomic Theory and Policy; 440.606 Econometrics.

    440.617.51 - Financial Econometrics [Time-Series Analysis]

    $4160

    Dror Kenett

    Monday 6:00 - 8:30; 1/8 - 4/23

    [formerly 440.647] This course introduces students to the methods most commonly used in empirical finance. Key models and methods are ARCH, GMM, Regime-Switching Models, test of CAPM (Capital Asset Pricing Model), term structure models, and volatility models (implied, stochastic volatility). Students will also learn aspects of time series econometrics for both stationary and non-stationary variables at different time frequencies, with emphasis on financial variables. Prerequisites: 440.601 Microeconomic Theory and Policy; 440.606 Econometrics; 440.614 Macroeconometrics is recommended..

    440.618.51 - Microeconometrics [Cross-Section and Panel Analysis]

    $4160

    Alexandra Minicozzi

    Tuesday 6:00 - 8:30; 1/9 - 4/23

    [formerly 440.648] This course covers a number of advanced techniques frequently encountered in applied microeconometric analysis. Topics include generalized method of moments estimation, nonlinear regression, estimation with panel data, systems of regression equations and simultaneous equation models, maximum likelihood estimation and likelihood ratio tests, and limited dependent variable analysis (i.e. Logit, Probit, Tobit, etc.). Prerequisites: 440.601 Microeconomic Theory and Policy; 440.606 Econometrics.

    440.624.51 - Computable General Equilibrium Modeling

    $4160

    Carolina Diaz-Bonilla
    Valeria Pineiro

    Wednesday 6:00 - 8:30; 1/10 - 4/23

    This course will provide an understanding of how to independently develop, modify, run and interpret Computable General Equilibrium (CGE) models. CGE models are widely used in the analysis of International Trade, Taxation, Environmental Policy, and other subjects. The specific objectives of this course are as follows: Students will (1) gain an understanding of the underlying economic theory behind CGE modeling; (2) learn how to gather data sources from publicly available information to build CGE models; (3) gain an understanding of the software General Algebraic Modeling Software (GAMS) to run the models; (4) learn how use and modify existing CGE programs for research purposes; (5) be able to write simple CGE programs in GAMS; (6) be able to analyze public policy with CGE models; (7) how to interpret results from CGE models; (8) understand possible extensions of CGE models for potential future research purposes. Analytical skills developed through this class will assist you in building your careers as researchers, public managers, and policy analysts. Prerequisites: 440.601 Microeconomic Theory, 440.602 Macroeconomics Theory. Corequisite: 440.606 Econometrics.

    440.630.51 - Monetary Economics

    $4160

    Sang-Sub Lee

    Thursday 6:00 - 8:30; 1/11 - 4/23

    [formerly 440.610] Among the topics covered in this course are money demand and money supply, inflation and the optimal quantity of money, the monetary policy transmission mechanism, the term structure of interest rates, strategies of monetary policy and optimal monetary policy, the time inconsistency problem in monetary policy, and monetary policy targets and rules. For each topic covered, the theory, policy relevance, and empirical evidence are presented and discussed. Prerequisites: 440.602 Macroeconomic Theory and Policy; 440.606 Econometrics.

    440.634.51 - Economic Growth

    $4160

    Ahmed Mahmud

    Tuesday 6:00 - 8:30; 1/9 - 4/23

    [formerly 440.624] Examines contemporary theories of economic growth and empirically applies them to panels of present day developing and industrialized countries, and to the historical evolution of individual countries and groups of countries. Topics include neoclassical growth models, population and growth, the economics of ideas, endogenous growth models, aid and growth, and policy and growth. Prerequisites: 440.601 Microeconomic Theory and Policy; 440.602 Macroeconomic Theory and Policy. Corequisite: 440.606 Econometrics.

    440.639.51 - International Finance (Open Economy Macro)

    $4160

    Thiago Teixeira Ferreira

    Tuesday 6:00 - 8:30; 1/9 - 4/23

    [formerly 440.619] This course provides an overview of open economy macroeconomics, and international financial markets and policies. The focus is on exchange rate determination, the importance of the balance of payments for both the domestic economy and the economies of other countries, international capital flows, the impact of internal debt on the balance of trade, and the interaction and potential conflicts between domestic and international economic policy objectives. Prerequisite: 440.602 Macroeconomic Theory and Policy. Corequisite: 440.606 Econometrics.

    440.640.51 - Financial Economics

    $4160

    Jonathan Veum

    Monday 6:00 - 8:30; 1/8 - 4/23

    [formerly 440.642] Finance treats the transfer of resources across time and the transfer of risk among economic entities. The aim of this course is to develop the microeconomic theory relevant to these types of transactions. A set of underlying economic principles is applied to the determination of the value of basic financial instruments such as stocks and bonds, as well as to more complicated derivative securities, such as futures and options. Valuation concepts, in turn, allow for the analysis of various issues of interest to policy makers as well as portfolio managers and investors, such as the term structure of interest rates, portfolio theory, the capital structure of the firm, and risk management. Prerequisite: 440.601 Microeconomic Theory and Policy. Corequisite: 440.606 Econometrics.

    440.640.52 - Financial Economics

    $4160

    Nathan Wilson

    Wednesday 6:00 - 8:30; 1/10 - 4/23

    [formerly 440.642] Finance treats the transfer of resources across time and the transfer of risk among economic entities. The aim of this course is to develop the microeconomic theory relevant to these types of transactions. A set of underlying economic principles is applied to the determination of the value of basic financial instruments such as stocks and bonds, as well as to more complicated derivative securities, such as futures and options. Valuation concepts, in turn, allow for the analysis of various issues of interest to policy makers as well as portfolio managers and investors, such as the term structure of interest rates, portfolio theory, the capital structure of the firm, and risk management. Prerequisite: 440.601 Microeconomic Theory and Policy. Corequisite: 440.606 Econometrics.

    440.643.51 - Economics of Investments and Financial Management

    $4160

    Daniel Barth

    Thursday 6:00 - 8:30; 1/11 - 4/23

    This course develops a deeper understanding of financial markets in the context of portfolio theory. In addition to understanding how financial markets operate and relate to the broader economy, students will develop skills to analyze investment decisions and manage investment portfolios. Students will learn the efficient market hypothesis (EMH), criticisms and implications of EMH for investment strategies, modern portfolio theory and practice, and tools for evaluating performance. Throughout the course, several financial models will be analyzed especially as they relate to real-world asset allocation decisions. Prerequisite: 440.601 Microeconomic Theory. Corequisites: 440.606 Econometrics and 440.640 Financial Economics.

    440.645.51 - Behavioral Economics & Finance

    $4160

    Abby

    Wednesday 6:00 - 8:30; 1/10 - 4/23

    This course treats key topics in behavioral economics and finance. Class time will be divided between lecture and discussion of assigned readings. The first half of the course class will focus on behavioral economics, exploring theory, experimental tests, and empirical results that call into question the rational paradigm. The second half of the course will focus on applications in financial economics, including investor behavior, asset pricing, and corporate finance. Prerequisite: 440.601 Microeconomic Theory and Policy. Corequisite: 440.606 Econometrics.

    440.661.51 - Public Economics

    $4160

    Frank Weiss

    Monday 6:00 - 8:30; 1/8 - 4/23

    This course analyzes the determinants and properties of government expenditures and social regulation. The first part of the course is generic: It addresses efficiency and equity in income redistribution; the provision of public goods; coping with externalities, addiction and risk; and voting and bureaucracy, and taxation. The second part of the course is particular: It examines health policy, education policy, statutory pensions, and welfare policy in a comparative international context. Prerequisites: 440.601 Microeconomic Theory; 440.602 Macroeconomic Theory. Corequisite:; 440.606 Econometrics.

    440.684.51 - Game Theory

    $4160

    Jeremy Sandford

    Thursday 6:00 - 8:30; 1/11 - 4/23

    [formerly 440.644] Game theory is a mathematical tool developed for the purpose of understanding not only the interaction of economic market participants, but overall observed social phenomena as well. This course provides an introduction to game theory with applications to economics. Moreover, the course presents an approach to modeling a social situation as a game and develops techniques for solving the game in order to gain insight into individual behavior. Topics include repeated games, games with incomplete information, and the experimental testing of hypotheses. Prerequisite: 440.601 Microeconomic Theory.

  • Online Courses

    440.011.81 - Forecasting in Organizations

    $4160

    John Schindler

    Online 3/19 - 3/25

    This course is required to earn the International Institute of Forecasters Certificate in Forecasting Practice, and introduces students to different types of forecasts including those used in government and the private sector. This is a non-credit mini-course, equivalent to a single class meeting, but with more homework. It is offered in early January, as part of the Spring schedule. Prerequisites: 440.615 Macroeconomic Forecasting, and 440.614 Macroeconometrics or 440.618 Microeconometrics.

    440.304.81 - Math Methods for Economists

    $4160

    James Outen

    Online 1/8 - 4/30

    This is a three undergraduate credit, full-length course at half tuition, required of those students who have had only a single course in Calculus. It covers those parts of Integral Calculus, Multivariable Calculus, Optimization Theory, and Linear Algebra, which are necessary to pursue economics. For those required to take Math Methods, the course is treated academically as part of the Core. Thus, all rules applying to the Core apply to Math Methods. Prerequisite: A course in Calculus.

    440.304.82 - Math Methods for Economists

    $4160

    Genevieve Briand

    Online 1/8 - 4/30

    This is a three undergraduate credit, full-length course at half tuition, required of those students who have had only a single course in Calculus. It covers those parts of Integral Calculus, Multivariable Calculus, Optimization Theory, and Linear Algebra, which are necessary to pursue economics. For those required to take Math Methods, the course is treated academically as part of the Core. Thus, all rules applying to the Core apply to Math Methods. Prerequisite: A course in Calculus.

    440.601.81 - Microeconomic Theory

    $4160

    Ahmed Mahmud

    Online 1/8 - 4/30

    Prerequisite: AS.440.304, Math Methods for Economists This course offers a systematic presentation of consumer theory, theory of the firm, and market equilibrium. Topics covered include constrained optimization, preferences and utility, exchange, production, pricing, market structures, and welfare economics.

    Technology Fee: $175.00

    440.601.82 - Microeconomic Theory

    $4160

    Genevieve Briand

    Online 1/8 - 4/30

    Prerequisite: AS.440.304, Math Methods for Economists This course offers a systematic presentation of consumer theory, theory of the firm, and market equilibrium. Topics covered include constrained optimization, preferences and utility, exchange, production, pricing, market structures, and welfare economics.

    Technology Fee: $175.00

    440.601.83 - Microeconomic Theory

    $4160

    Oleg Kucher

    Online 1/8 - 4/30

    Prerequisite: AS.440.304, Math Methods for Economists This course offers a systematic presentation of consumer theory, theory of the firm, and market equilibrium. Topics covered include constrained optimization, preferences and utility, exchange, production, pricing, market structures, and welfare economics.

    Technology Fee: $175.00

    440.602.81 - Macroeconomic Theory

    $4160

    Jonathan Veum

    Online 1/8 - 4/30

    Prerequisite: AS.440.304, Math Methods for Economists This course provides a systematic overview of the theory of aggregate output and employment, the rate of interest, and price level determination. Coverage includes the theories of consumption and investment, the demand and supply of money, inflation, unemployment, and economic growth. These topics are discussed in the context of contemporary empirical work on aggregative relationships.

    Technology Fee: $175.00

    440.602.82 - Macroeconomic Theory

    $4160

    Sanjay Chugh

    Online 1/8 - 4/30

    Prerequisite: AS.440.304, Math Methods for Economists This course provides a systematic overview of the theory of aggregate output and employment, the rate of interest, and price level determination. Coverage includes the theories of consumption and investment, the demand and supply of money, inflation, unemployment, and economic growth. These topics are discussed in the context of contemporary empirical work on aggregative relationships.

    Technology Fee: $175.00

    440.605.81 - Statistics

    $4160

    Ilya Rahkovsky

    Online 1/8 - 4/30

    This course provides a general survey of statistical methodology. Topics include probability and sampling, distribution theory, hypothesis testing, estimation (Maximum Likelihood and Method of Moments), and Analysis of Variance. It is also designed to provide the requisite background for 440.606 Econometrics. Prerequisite: a course in Calculus

    Technology Fee: $175.00

    440.605.82 - Statistics

    $4160

    Suzanne McCoskey

    Online 1/8 - 4/30

    This course provides a general survey of statistical methodology. Topics include probability and sampling, distribution theory, hypothesis testing, estimation (Maximum Likelihood and Method of Moments), and Analysis of Variance. It is also designed to provide the requisite background for 440.606 Econometrics. Prerequisite: a course in Calculus

    Technology Fee: $175.00

    440.606.81 - Econometrics

    $4160

    Genevieve Briand

    Online 1/8 - 4/30

    This course focuses on the application of statistical methods to the testing and estimation of economic relationships. After developing the theoretical constructs of classical least squares, common problems encountered when applying this approach, including serial correlation, heteroscedasticity, and multicollinearity, are discussed. Techniques for dealing with these problems are then examined. Models with lagged variables are considered, as is estimation with instrumental variables and two-stage least squares. Prerequisites: 440.605 Statistics.

    Technology Fee: $175.00

    440.606.82 - Econometrics

    $4160

    Shane Thompson

    Online 1/8 - 4/30

    This course focuses on the application of statistical methods to the testing and estimation of economic relationships. After developing the theoretical constructs of classical least squares, common problems encountered when applying this approach, including serial correlation, heteroscedasticity, and multicollinearity, are discussed. Techniques for dealing with these problems are then examined. Models with lagged variables are considered, as is estimation with instrumental variables and two-stage least squares. Prerequisites: 440.605 Statistics.

    Technology Fee: $175.00

    440.614.81 - Macroeconometrics [Time-Series Analysis]

    $4160

    Brendan Epstein

    Online 1/8 - 4/30

    This course focuses on the practical uses of time-series econometrics in a macroeconomic context. The topics covered include autoregressive-moving average processes, non-stationary time series models, unit root tests, vector autoregression models, and cointegration analysis. Prerequisites: 440.602 Macroeconomic Theory and Policy; 440.606 Econometrics.

    Technology Fee: $175.00

    440.614.82 - Macroeconometrics [Time-Series Analysis]

    $4160

    Allan Brunner

    Online 1/8 - 4/30

    This course focuses on the practical uses of time-series econometrics in a macroeconomic context. The topics covered include autoregressive-moving average processes, non-stationary time series models, unit root tests, vector autoregression models, and cointegration analysis. Prerequisites: 440.602 Macroeconomic Theory and Policy; 440.606 Econometrics.

    Technology Fee: $175.00

    440.615.81 - Macroeconomic Forecasting [Time Series Analysis]

    $4160

    John Schindler

    Online 1/8 - 4/30

    This course examines econometric approaches to forecasting macroeconomic activity. The approaches covered span single equation time series to large, complex, simultaneous equations systems. Different measures to assess the forecasting accuracy of these approaches are addressed. A discussion of these approaches and their relevance for policy recommendations is also covered. Prerequisites: 440.602 Macroeconomic Theory and Policy; 440.606 Econometrics.

    Technology Fee: $175.00

    440.618.81 - Microeconometrics [Cross-Section and Panel Analysis]

    $4160

    Nathan Goldstein

    Online 1/8 - 4/30

    [formerly 440.648] This course covers a number of advanced techniques frequently encountered in applied microeconometric analysis. Topics include generalized method of moments estimation, nonlinear regression, estimation with panel data, systems of regression equations and simultaneous equation models, maximum likelihood estimation and likelihood ratio tests, and limited dependent variable analysis (i.e. Logit, Probit, Tobit, etc.). Prerequisites: 440.601 Microeconomic Theory and Policy; 440.606 Econometrics.

    Technology Fee: $175.00

    440.622.81 - Cost-Benefit Analysis

    $4160

    Paul Dockins
    Charles Griffiths

    Online 1/8 - 4/30

    [formerly 440.632] The objective of this course is to develop and apply an analytical framework for evaluating projects with an emphasis on publicly funded projects. Coverage includes the evaluation of benefits and costs over time, including in the presence of uncertainty, in the absence of market prices, and when income distribution objectives need to be incorporated into a project's evaluation. Prerequisite: 440.601 Microeconomic Theory and Policy. Corequisite: 440.606 Econometrics.

    Technology Fee: $175.00

    440.629.81 - Survey Research Methods

    $4160

    Michael Horrigan

    Online 1/8 - 4/30

    This course introduces students to the theory and practice of conducting surveys. Survey methods combines both social science—economics, sociology, and psychology—and quantitative methods—mathematics, statistics, and computer science—to develop a theory of how surveys can best be used to measure important aspects of the human condition. Key topics include sample design, weighting, data collection modes, administrative operations, questionnaire design, nonresponse, and estimation in surveys. Prerequisites: 440.601 Microeconomic Theory, 440.605 Statistics. Corequisite: 440.606 Econometrics.

    Technology Fee: $175.00

    440.631.81 - Finance and the Macroeconomy

    $4160

    Allan Brunner

    Online 1/8 - 4/30

    [formerly 440.621] This course explores the role of the financial sector in the overall macroeconomy. It begins by reviewing various financial instruments and markets, with a focus on their economic function. The course then examines the challenges to monetary and fiscal policy that arise because of macro-financial linkages. Further, a number of analytical tools for assessing financial stability and vulnerabilities to macro shocks are presented. Several case studies are used to illustrate real-world situations facing policymakers. Prerequisites: 440.601 Microeconomic Theory and Policy; 440.602 Macroeconomic Theory and Policy. Corequisites: 440.606 Econometrics; 440.640 Financial Economics, or equivalent.

    Technology Fee: $175.00

    440.639.81 - International Finance (Open Economy Macro)

    $4160

    Brendan Epstein

    Online 1/8 - 4/30

    [formerly 440.619] This course provides an overview of open economy macroeconomics, and international financial markets and policies. The focus is on exchange rate determination, the importance of the balance of payments for both the domestic economy and the economies of other countries, international capital flows, the impact of internal debt on the balance of trade, and the interaction and potential conflicts between domestic and international economic policy objectives. Prerequisite: 440.602 Macroeconomic Theory and Policy. Corequisite: 440.606 Econometrics.

    Technology Fee: $175.00

    440.640.81 - Financial Economics

    $4160

    Yongli Zhang

    Online 1/8 - 4/30

    [formerly 440.642] Finance treats the transfer of resources across time and the transfer of risk among economic entities. The aim of this course is to develop the microeconomic theory relevant to these types of transactions. A set of underlying economic principles is applied to the determination of the value of basic financial instruments such as stocks and bonds, as well as to more complicated derivative securities, such as futures and options. Valuation concepts, in turn, allow for the analysis of various issues of interest to policy makers as well as portfolio managers and investors, such as the term structure of interest rates, portfolio theory, the capital structure of the firm, and risk management. Prerequisite: 440.601 Microeconomic Theory and Policy. Corequisite: 440.606 Econometrics.

    Technology Fee: $175.00

    440.640.82 - Financial Economics

    $4160

    Nan Zhou

    Online 1/8 - 4/30

    [formerly 440.642] Finance treats the transfer of resources across time and the transfer of risk among economic entities. The aim of this course is to develop the microeconomic theory relevant to these types of transactions. A set of underlying economic principles is applied to the determination of the value of basic financial instruments such as stocks and bonds, as well as to more complicated derivative securities, such as futures and options. Valuation concepts, in turn, allow for the analysis of various issues of interest to policy makers as well as portfolio managers and investors, such as the term structure of interest rates, portfolio theory, the capital structure of the firm, and risk management. Prerequisite: 440.601 Microeconomic Theory and Policy. Corequisite: 440.606 Econometrics.

    Technology Fee: $175.00

    440.643.81 - Economics of Investments and Financial Management

    $4160

    Cindy Vojtech

    Online 1/8 - 4/30

    This course develops a deeper understanding of financial markets in the context of portfolio theory. In addition to understanding how financial markets operate and relate to the broader economy, students will develop skills to analyze investment decisions and manage investment portfolios. Students will learn the efficient market hypothesis (EMH), criticisms and implications of EMH for investment strategies, modern portfolio theory and practice, and tools for evaluating performance. Throughout the course, several financial models will be analyzed especially as they relate to real-world asset allocation decisions. Prerequisite: 440.601 Microeconomic Theory. Corequisites: 440.606 Econometrics and 440.640 Financial Economics.

    Technology Fee: $175.00

    440.646.81 - Economics of Derivatives

    $4160

    Kenneth Danger

    Online 1/8 - 4/30

    This course provides students a thorough introduction to the theoretical and practical aspects of forwards, futures, options, and swaps. Derivatives are important tools in financial markets, and students will learn how to price, value, and use them from a practical perspective. This course is particularly important for students seeking to work in finance. Topics covered include no arbitrage-based pricing, the pricing of forwards and futures, interest rate products and commodities, valuation based on market prices, and option pricing and strategies. Prerequisite: 440.601 Microeconomic Theory. Corequisites: 440.606 Econometrics and 440.640 Financial Economics.

    Technology Fee: $175.00

    440.650.81 - Environmental & Resource Economics

    $4160

    Michael Shelby

    Online 1/8 - 4/30

    [formerly 440.640] Beginning with the concept of sustainability, the course develops a framework for an economic assessment of environmental problems including the notion of market failure, valuation of environmental resources, and policy design issues associated with using alternative economic incentives and instruments. The second part of the course examines principles of the economically efficient management of non-depletable and depletable (e.g., fossil fuels, natural ecosystems) resources. Various applied settings are used to demonstrate the principles developed in the course. Prerequisites: 440.601 Microeconomic Theory and Policy. Corequisite: 440.606 Econometrics.

    Technology Fee: $175.00

    440.653.81 - Economics of the Labor Market

    $4160

    Sanjay Chugh

    Online 1/8 - 4/30

    This course develops the theory and empirics of labor markets by focusing on several leading institutional structures of both labor supply and labor demand. This theory is then applied to issues such as wage determination, wage rigidity, training and retraining programs, and the skills and wage distribution, as well as government policies that correct inefficiencies in labor markets. Prerequisites 440.601 Microeconomic Theory and 440.602 Macroeconomic Theory. Corequisite: 440.606 Econometrics.

    Technology Fee: $175.00

    440.666.81 - Regional Economics

    $4160

    Sally Kwak

    Online 1/8 - 4/30

    Regional economics is a relatively new formal branch of economics which recognizes the crucial importance of geography in the workings of a market economy. By incorporating variables of space and geography into traditional economic models, it has great relevance to real world phenomena and policy questions. We examine the effects of market forces on spatial variables such as the location choices of households and firms; land use policy; labor market agglomeration; urban poverty; the development of transportation infrastructure; and urban and rural housing markets. The roles of natural resources, demographic base, location of industries, and factors determining regional growth and development will also be considered. Prerequisite: 440.601 Microeconomic Theory and Policy. Corequisite: 440.606 Econometrics.

    Technology Fee: $175.00

    440.672.81 - Economics of Health Care

    $4160

    Aditi Mehta

    Online 1/8 - 4/30

    [formerly 440.641] This course explores the economics of the health care system in the United States by examining the demand for health care services, the behavior of health care providers, the influence of government policies, and the relationship between health care services and population health levels. Established health care systems and their potential for change in both the United States and other countries are considered in the context of current policy concerns. Prerequisites: 440.601 Microeconomic Theory and Policy; 440.606 Econometrics.