This course develops fundamental economic theory using differential calculus and linear algebra and emphasizes the methodology of constructing and applying appropriate models in quantitative analysis with an emphasis on static and dynamic optimization. Restriction: admitted to M.A. Economics or Ph.D. Economics or permission or instructor.

Micro foundations of macroeconomics. Introduction to dynamic macroeconomics; optimal economic policy; and theories of economic growth. Restriction: admitted to M.A. Economics or Ph.D. Economics.

Theory and applications: ordinary and generalized least squares, hypothesis testing, dummy variable and distributed lag models; simultaneous equation and two stage least square models; forecasting. Emphasis on computer modeling. Prerequisite: 508.

Competitive equilibrium and welfare economics. Topics from imperfect competition, decision making under uncertainty, introduction to game theory and distribution theory. Prerequisite: 501 and 504.

Special topics in applied economics as they pertain to the major fields and support courses. Available for use by visiting faculty. Prerequisite: 501 and 504. Restriction: permission of instructor.

Dynamic optimization and optimal control theory applications (deterministic and stochastic) and computation methods with an emphasis on renewable resources. Prerequisite: 501 and 504.

(Also offered as WR 572) Practical aspects of the different technical models used by water resources professionals; hydrological, economic, ecological, etc. Students use models to solve problems. Emphasis on oral, written and graphic communication. Prerequisite: (2120 or 300) and (CE 541 or CE 542 or EPS 562 or WR 576) and WR 571.

An independent study course on economic problems or issues. The study is carried out under the supervision of an economics faculty member. Restriction: permission of instructor.

This course is designed to enhance the academic and professional training of graduate students in economics. Through a combination of invited presentations, workshops, and internal presentations, the course offers exposure to cutting-edge research, skill development in research methodologies and programming, and opportunities to engage with both faculty and peers.

Economic growth and development, poverty and inequality, population growth. Credit markets and microfinance, risk and insurance. Role of government in development. Urbanization and rural-urban migration. Prerequisite: 501 and 506.

Research problems. Student presentations of methodology and results. Research projects may be student-directed or undertaken in conjunction with regular and/or visiting faculty. Offered on a CR/NC basis only. Restriction: permission of instructor.

Faculty-supervised investigative study that results in the development and writing of a master’s thesis. Offered on a CR/NC basis only.

Faculty-supervised investigative study that results in the development and writing of a doctoral dissertation. Offered on a CR/NC basis only.