Albers School of Business and Economics
Course Descriptions

Economics

  • 2014-2015 Graduate Catalog
    All graduate courses are 3 credits, unless otherwise noted.
    Syllabi information is for reference only; information may not be current.

  • ECON 5000 Introductory Business Statistics

    Descriptive and summary statistics, probability, statistical sampling and sampling distributions, interval estimation, hypothesis testing on one population, Chi-square analysis and simple correlation. (formerly MBA 500)

    Prerequisite: math and computer proficiency

    ECON 5100 Statistical Applications and Quantitative Methods

    This course will develop further the basic quantitative skills of students. The topical emphasis is on: analysis of variance, regression analysis, decision trees, linear programming, and queuing theory. Major emphasis will be placed on computer applications of quantitative methods applicable to business functional areas. (formerly MBA 501)

    Prerequisite: math and computer proficiency, ECON 5000.

    ECON 5105 Managerial Economics

    Develops a coherent economic framework for effective managerial decision-making. Introduces fundamental economic concepts, and discusses the goals of the firm. Surveys market forces of supply and demand, examines the role of elasticity, and studies the theory of consumer behavior on which demand is based. Presents production, cost and revenue concepts, and analyzes input demand and output supply decisions in perfectly competitive markets. Discusses alternative market structures, and studies pricing practices for firms with market power. (formerly MBA 506)

    Prerequisite: math proficiency

    ECON 5107 Quantitative Microeconomic Analysis

    Develops a coherent framework for effective quantitative decison-making and economic concepts and modes for application in a variety of business disciplines. Topics include the role of the analysis of the margin in understanding optimal decisions, production and supply, consumption and demand, elasticity, and market structure. Possible applications will vary depending on class interests; examples include approaches to optimal choice in production or distribution, pricing practices for firms with market power, the relationship between risk and return, implementing “marginal” analysis in managerial accounting, and optimal marketing approaches for new products with an existing brand. Prerequisites: competency in calculus and statistics.

    ECON 5110 The Domestic and Global Economies

    The domestic and global economic environment of business and its impact on management planning and decision making. The determinants of business cycles, inflation, unemployment, interest rates, and exchange rates. The effect of economic events and policies on industries and firms. (formerly MBA 505)

    Prerequisite: ECON 5107

    ECON 5300 Applied Econometrics

    Fundamentals of econometrics and use of econometric techniques in financial and economic research and decision-making. Topics include simple linear regression, residual analysis, multivariate regression, and the generalized linear model. The course will stress computer applications. (formerly ECON 565)

    Prerequisite: ECON 5100, math and computer proficiency

    ECON 5305 Economics and Business Forecasting

    Techniques for applied business forecasting with emphasis on time-series methods. A survey of regression-based and time-series methods, models for stationary and non-stationary time series, estimation of parameters, computations of forecasts and confidence intervals, and evaluation of forecasts. (formerly ECON 566)

    Prerequisite: ECON 5100, math and computer proficiency.

    ECON 5310 Natural Resources and Environmental Economics

    This course covers the economic analysis related to natural resource and environmental management. Topics include: renewable and non-renewable resources, pollution, preservation, conservation, and policy analysis. (formerly ECON 568)

    Prerequisite: ECON 5107

    ECON 5315 International Economics

    Analysis of modern trade theories and issues concerning international competitive strategy. The impact of trade patterns and commercial policy on domestic business activity. The effects of macroeconomic policies across nations. (formerly ECON 573)

    Prerequisite: ECON 5107 and ECON 5110

    ECON 5320 Urban/Regional Economics

    Examines the distribution of economic activity over space. The study of location and land use decisions as they affect neighborhood and regional development. Analysis of urban economic problems such as poverty, housing, and transportation. (formerly ECON 578)

    Prerequisite: ECON 5107

    ECON 5325 Emerging Nations and the International Economy

    Analysis of emerging economies with an emphasis on international issues. Topics include: recent history of selected emerging nations; basic models of economic progress; natural and human resources; technology and technology transfers; domestic and international economic policy; international aid and investment; the international economy; multinational corporations; and the LDC debt crisis. (formerly ECON 583)

    Prerequisite: ECON 5107 and ECON 5110

    ECON 5330 Economics of Strategy

    Begins with a discussion of market structure, competitive opportunities and threats, and public policy. Introduces game theoretic concepts and tools of analysis, and examines interdependent decision-making in markets with just a few key players. Studies the roles of information and commitment in strategic behavior, and analyzes strategies to deter entry or otherwise effective favorable market conditions. Employs lectures, discussions, simulations, problem sets, and exams. (formerly ECON 584)

    Prerequisite: ECON 5107

    ECON 5910 Special Topics Courses

    See administrative office for prerequisites and course descriptions. (formerly ECON 591 - 593)

    ECON 5940 International Study Tour: Economics

    The study of economic and business environment of a foreign country. Course will include travel to the country to observe activities and conditions and to meet with representatives of businesses and other institutions. Location of tour can vary. Check with the department for details. (formerly ECON 594)

    ECON 5950 Internships

    For more about internships, visit the Placement Center (formerly ECON 595)

    ECON 5960 Independent Study

    Independent study. Individualized reading and reporting on a specific topic approved by an instructor. The program of study and conference times must total 30 hours of study and contact hours for every one-credit taken. Grading option negotiated with instructor for CR/F or letter grade (student option). (1 - 3 credits) (formerly ECON 521)

    ECON 5990 Research Paper