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Academic
Programs
Economics - Graduate Program Courses
Admission
Requirements
The Department follows the general admission requirements of
the University. However, applicants for the Master of Arts degree
in Economics are required to have an undergraduate major in economics
or related field and have demonstrated ability to participate
in graduate study. Proficiency examinations are given in intermediate
macroeconomics and microeconomics prior to admission if these
courses were taken five years prior to enrollment. Students who
earn a grade lower than a "B" in each are required
to repeat these courses.
Degree Requirements
In addition to general requirements for the Master of Arts degree
as specified in University's catalog, students are required to
fulfill the following:
1. An approved
sequence of courses that comprises at least twenty-seven (27)
hours.
2. Eighteen
(18) hours of core requirements (with a grade of "B"
or better).
3. Nine (9)
or fifteen (15) hours of additional course work.
4. A thesis
and an oral examination on it. Six (6) credit hours are awarded
upon completion of the thesis; or
5. A comprehensive
examination after completing an additional six (6) credit hours
in lieu of the thesis and thesis examination. Students are given
two chances to pass the comprehensive examination.
6. A cumulative
GPA of 3.0 or above. Students who earn less than a B average
by the end of the first semester are placed on probation during
their second semester. If by the end of the second semester students
fail to have an average of "B" (3.0), they are dismissed
from the Program. However, they may petition the Department for
readmission.
Students enrolled
in the Department for more than five years may be asked to take
a theory proficiency examination in economics (macro and micro)
and statistics. Depending on the performance, they may be asked
to re-take one or two or all three courses (not on the exam).
Requirements
for Graduation
Students pursuing the M.A. are required to take the core courses:
ECO 500, 501, 550, 570, 601, 602.
In addition,
students must take three courses (with thesis) or five courses
(with no thesis). These courses must be approved by the student's
advisor(s).
Core Curriculum
(Required)
(Courses are three credit hours unless otherwise noted.)
ECO 500: Advanced
Macroeconomic Theory
ECO 501: Advanced Microeconomic Theory
ECO 550: Mathematical Analysis for Economists I
ECO 570: Research Methodology
ECO 601: Econometrics I
ECO 602: Econometrics II
Area Courses
Include:
(For complete listing see Course Descriptions.)
Quantitative
Economics
ECO 555: Mathematical Analysis for Economists II
*ECO 600: Statistical Analysis
*MAT 501: Calculus and Linear Algebra
CIS 503: Business Application Tools
SBA 6512: Production & Operations Management
SBA 6523: Forecasting
MAT 643: Operations Research I
*May be taken only to fulfill prerequisites.
Economic Development
ECO 512: Economic Development
ECO 513: International Economics
ECO 517: International & Regional Economic Order
ECO 518: Seminar/Topics in Economic Development
Urban Economics
ECO 510: Urban Economics
ECO 511: Seminar/Topics in Urban Economics
ECO 505: Public Finance
SUGGESTED PLANS
OF STUDY
First Semester:
9 hours
ECO 500: Advanced Macroeconomics
ECO 550: Mathematical Analysis I
ECO 601: Econometrics I
Second Semester:
9 hours
ECO 501: Advanced Microeconomics
ECO 602: Econometrics II
* One (1) course (from area courses)
Third Semester:
9 hours
ECO 570: Research Methodology
* Two (2) courses (from area courses)
Fourth Semester:
Variable Credit
Thesis Research and Consultation; (EC0 801 & 805); or two
(2) approved courses, and preparation for comprehensive examination.
*Must be approved by the student's advisor.
COURSE DESCRIPTIONS
ECO 500: Advanced
Macroeconomic Theory. Fall, 3 Credits
An advanced treatment of the theories of aggregate economic analysis;
addresses critical questions such as determination of national
income, employment, distribution of income, inflation, and cyclical
behavior.
Prerequisite: ECO 315 or consent.
ECO 501: Advanced
Microeconomic Theory. Spring, 3 Credits
Analyzes the theory of consumer behavior and production and the
pricing mechanism in competitive and non-competitive markets.
Prerequisite: ECO 316 or consent.
E CO 504: African American Political Economy. 3 Credits
Investigates the economic history of African Americans; analyzes
the historical and contemporary impact of economic policies of
African American people.
Prerequisite: Principles of Economics or consent.
ECO 505: Public
Finance. 3 Credits
Analyses the effect of government expenditure and taxation on
resource allocation, economic stabilization, and income distribution
at both the national, state and local levels.
Prerequisite: ECO 315 or consent.
ECO 509: Monetary
Theory & Policy. 3 Credits
Studies monetary and fiscal policies as mechanisms of aggregate
demand management; primary considerations involve the level of
prices, interest rate, and aggregate money supply. Prerequisites:
ECO 500.
ECO 510: Urban
Economics. 3 Credits
Explores the structure and growth of the urban economy and examines
the city as part of the national economy; analyzes the theories
of decision-making which explain the location of businesses and
households within and between urban areas.
Prerequisites: ECO 316, 369 or consent.
ECO 511: Seminar/Topics
in Urban Economics. 3 Credits
Explores, in detail, such topics as economic determinants of
urban spatial structure, public and private decisions on firms
and consumers location choices, and transportation.
Prerequisite: ECO 510.
ECO 512: Economic
Development. 3 Credits
Studies the theories of economic development, and investigates
relevant economic models and analytical tools for analyzing and
gaining an understanding of development issues; also discusses
of policies and contemporary problems of the developing countries.
Prerequisites: ECO 324 or consent.
ECO 513: International
Economics. 3 Credits
An analysis of the theories of international trade, balance of
payment problems and current issues in commercial policy.
Prerequisites: ECO 315, ECO 316 or consent.
ECO 517: International
& Regional Economic Order. Fall, 3 Credits
Analyzes the global economic and political relations between
developed and developing countries. Topics covered include theories
of integration, economic and political cooperation, regional
trade and development, and the level of activity within a region.
Prerequisites: ECO 512, ECO 513 or consent.
ECO 518: Seminar/Topics
in Economic Development. 3 Credits
Investigates specific issues and approaches to economic development.
International, regional and county specific research reports
are analyzed using theoretical and current analytical tools.
Prerequisites: ECO 512 or ECO 517.
ECO 520: Economics for non-Majors. 3 Credits
Designed to provide students with the fundamental economics background
necessary to understand and implement policy. Macro and Micro
theories are developed in examining the impacts of markets and
government policy on the economy.
ECO 530: Labor
Economics. Fall, 3 Credits
Discusses formal models of labor demand and supply; investigates
wage and labor market discrimination, segmented markets, labor
processes and trade union theories.
Prerequisites: ECO 315 and 316, or ECO 365.
ECO 531: Seminar/Topics
in Labor Economics. 3 Credits
Explores labor related topics in greater details. Topics covered
include both theoretical and empirical investigations of equalizing
difference in the labor market, investment in human capital,
and the problem of imperfect markets.
Prerequisite: ECO 530.
ECO 550: Mathematical
Analysis for Economists I. Fall, 3 Credits
Develops skills that enables the student to translate economic
problems and relationships into mathematical models.
Prerequisites: ECO 308, or consent.
ECO 555: Mathematical
Analysis for Economists II. 3 Credits
Objective is two-fold: (1) to render a systematic exposition
of certain basic mathematical methods, and (2) to relate these
mathematical techniques to the various types of economics analysis
in such a way that the mutual relevance of the two disciplines
is brought out.
Prerequisite: ECO 550.
ECO 570: Research
Methodology. 3 Credits
Explores theories and methods of scientific research in economics
and related social sciences. Steps for problem identification,
formulation of testable and meaningful hypotheses and empirical
techniques of analysis are studied.
Prerequisite: Consent.
ECO 600: Statistical
Analysis for Business and Economists. Fall, 3 Credits
(Same as SBA 6510). Studies the use of application of descriptive
statistics and statistical inference, including probability,
sample survey, and simple linear regression models and violations
of the basic assumptions.
Prerequisite: Undergraduate Statistics or consent.
ECO 601: Econometrics
I. Spring, 3 Credits
Develops the concepts and applications of statistical methods
to economic and managerial problems, including multiple regression
and forecasting, and simultaneous equations.
Prerequisite: ECO 600 or Consent.
ECO 602: Econometrics
II. 3 Credits
Studies the construction, estimation and testing of economic
models.
Prerequisite: ECO 601
ECO 801: Thesis
Research. Fall, Spring, Summer, 3 Credits
Designed to assist students in the development and writing of
the thesis.
ECO 805: Thesis
Consultation. Fall, Spring, Summer, 1 Credit
For students who are in the final stage of their thesis writing,
which requires minimal supervision and assistance.
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NOTE: Seminar/Topic courses require permission of the
student's advisor and the instructor, and may be taken as independent
study provided the prerequisites are fulfilled.
Advanced Undergraduate
Courses
300 and 400 level courses may be taken to fulfill deficiencies
under conditional admission into the graduate program.
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