Topics include producer and consumer theory, duality and welfare measures, competitive markets and monopoly and decision making under uncertainty. Restriction: admitted to M.A. Economics or Ph.D. Economics.

Calculus and matrix theory as applied to macro and micro models. Unconstrained and constrained optimization; static and comparative static analysis; introduction to dynamic analysis. Restriction: admitted to M.A. Economics or Ph.D. Economics.

Discrete and continuous probability distributions; expectations; joint, conditional marginal distributions; hypothesis testing; least squares estimators; violation of the least squares principle. Econometric software with applications. Restriction: admitted to M.A. Economics or Ph.D. Economics.

Simultaneous equation methods, nonlinear least squares, maximum likelihood method, qualitative dependent variable models, asymptotic properties and test statistics. Emphasis on computer modeling. Prerequisite: 509.

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 with an emphasis on empirical. Models of natural resource utilization. Energy, minerals, fisheries, forest resources, ground- and surface water, and environmental and ecological stocks. Prerequisite: 501 and 504.

(Also offered as WR 571) Students examine contemporary issues in water resource systems, including water quality; ecosystem health; stakeholder concerns; economics; and water supply, policy, management and allocation. Emphasis on teamwork, cooperation, and oral, written and graphic communication. {Fall}

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.

Advanced topics in public economics. Topics will vary; course can be repeated for credit if topics differ. Restriction: permission of instructor.

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.