Core Course Descriptions
# denotes permission of instructor
Department of Applied Economics (ApEc)
ApEc 5031. Methods of Economic Data Analysis. (3 cr. Prereq–Math 1271, Stat 5021, knowledge of matrix algebra)
Statistical and econometrics techniques for applied economists. Theory and application of multivariate regression model using data sets from published economic studies. Emphasis on use of statistical technique to understand market behavior.
ApEc 5032. Economic Data Analysis for Managerial and Policy Decisions. (3 cr. Prereq–5031 or #, familiarity with SAS)
Statistical/econometric methods for the analysis of large data sets to support managerial/policy decisions. Methods for organizing, accessing, and ensuring the quality of data. Estimation techniques include panel data methods, limited dependent variable models, and time series analysis. Emphasizes clarity of reporting and design of procedures for maintaining/updating data estimates.
ApEc 5151. Applied Microeconomics: Firm and Household. (3 cr. Prereq–3001 or or Math 1271 or Math 2243 or equiv or grad student or #)
Quantitative techniques for analysis of economic problems of firms and households. Links between quantitative tools and economic analysis Regression analysis, mathematical programming, and present value analysis.
ApEc 5152. Applied Macroeconomics: Income and Employment. (3 cr. Prereq–3001 or or Math 1271 or Math 2243 or equiv or grad student or #)
Static general equilibrium open economy models and simple business cycle models that examine economic growth, business cycles, and fiscal and monetary policy. Input-output analysis and large scale econometric models. Sources/properties of economy and sector-wide data. Empirical applications.
ApEc 5321. Regional Economic Analysis. (3 cr. Prereq–3006 or Econ 3102 or #)
Regional development patterns and role of resources, transportation, and institutional constraints. Trade, migration, and investments in regional growth and change. Regional economic information in investment and location decisions. Evaluation of economic development policies and tools. Economic impact analysis.
ApEc 5341. Public Finance. (3 cr; A-F only. Prereq–3001 or Econ 3101 or PA 5021)
Which services should the public sector provide? Which level of government should provide them? How should governments fund those services? Which types of taxes should be levied and on whom? Applying economic theory/analysis to spending, revenue, and tax policy issues facing governments.
ApEc 5451. Food Marketing Economics. (3 cr; A-F only. §ApEc 4451W. Prereq–Grad student)
Economics of food marketing in the United States. Food consumption trends. Consumer food behavior, expenditure, data collection. Consumer utility models, demand forecasting. Food distribution system. Changes in supply chain, industry structure that serves retail food outlets. Individual/group projects.
ApEc 5481. Futures and Options Markets. (3 cr. §ApEc 4481. Prereq–grad student)
Economic concepts related to futures/options trading. Hedging, speculation.
ApEc 5511. Labor Economics. (3 cr. Prereq– or #)
Economic analyses, including project evaluation of current natural resource/environmental issues. Emphasizes intertemporal use of natural resources, natural resource scarcity/adequacy, environmental quality, and mechanisms for pollution control and their implications for public policy.
ApEc 5711. U.S. Agricultural and Environmental Policy. (3 cr. Prereq–3001 or Econ 3101)
U.S. agricultural policy in an open world economy; role of private markets and government in regulating supply and demand; income vs. price support, supply controls, environmental constraints, and export protectionism; functioning of markets; roles of public interest groups and future of American agricultural policy.
ApEc 5721. Economics of Science and Technology Policy. (3 cr. Prereq– or #)
Economic analysis of resource use/management. Capital theory, dynamic resource allocation. Applications to renewable/nonrenewable resources. Empirical studies, policy issues.
ApEc 5831. Food and Agribusiness Marketplace. (2 cr. Prereq - graduate student)
Survey course of the instructrial organization and current policy issues in the food and agribusiness marketplace. It represents a collaboration between the College of Food, Agricultural, and Natural Resources Sciences and the Carlson School of Management. Topics include food policies, environmental policies, and instructoral organization issues.
ApEc 5811. Cooperative Organization. (3 cr. Prereq- ApEc 3001, 3002 or #)
Introduction to cooperative form of business. Extensive applications to agricultural/food cooperatives.
ApEc 8602. Economics of the Environment. (3 cr. Prereq–Econ 8004 or Econ 8104 or #)
Economic analysis of environmental management, emphasizing environmental policy. Application of microeconomic theory to problems of market failure, market-based pollution control policies, contingent valuation, hedonic models, option value, and other topics.
ApEc 8666. Doctoral Pre-Thesis Credits. (1-18 cr [max 60 cr]. Prereq–Max 18 cr per semester or summer; doctoral student who has not passed prelim oral)
ApEc 8701. International Economic Development, Growth, and Trade. (3 cr. Prereq–Econ 8002 or Econ 8102 or #)
Development, growth, and trade of developing nations and emerging market economies. Course links stylized characteristics of economic development, economic policy, and political economy using modern economic theory and empirical methods of analysis.
ApEc 8702. Economic and Trade Policy: Sectoral and Institutional Issues. (3 cr. Prereq–8230, Econ 8002 or Econ 8102 or #)
Sectoral economic activity in the United States; emphasizes changing role of agriculture. Role of macroeconomic forces and trade policy since World War II. Economic and institutional development in the international economy, including the World Trade Organization, regional trade agreements such as NAFTA, and the European Union.
ApEc 8703. Microeconomic Analysis of Economic Development. (3 cr; A-F only. Prereq–Econ 8001-04 or Econ 8101-04, and ApEc 8211-8212 or #. Concurrent registration is OK)
Topics concerning microeconomics of economic development in low-income countries. Focuses on behavior of agricultural households, poverty, inequality, education, health/nutrition, and evaluation of development programs.
ApEc 8777. Thesis Credits: Master’s. (1-18 cr [max 50 cr]. Prereq–Max 18 cr per semester or summer; 10 cr total required [Plan A only])
ApEc 8793. Master’s Paper: Plan B Project. (1-6 cr [max 6 cr]; S-N only. Prereq–Ag and applied econ MS student)
ApEc 8801. Production Economics. (3 cr; A-F only. Prereq–[Econ 8001, Econ 8002, Econ 8003] or [Econ 8101, Econ 8102, Econ 8103] or equiv or #)
Aspects of production theory. Axiomatic representations of multi-output technologies. Input, output, and directional distance functions. Cost, revenue, and profit functions and duality. Input/output separability. Jointness/non-jointness in production. Index numbers, measures of efficiency/productivity.
ApEc 8802. Financial Economics. (2 cr; A-F only. Prereq–[8211, Econ 5151] or [Econ 8001, Econ 8002] or #)
Major theories of asset pricing under assumptions of uncertainty, competitive markets, and symmetric information. Equilibrium/arbitrage models of financial markets with econometric applications. Pricing/use of derivatives.
ApEc 8803. Marketing Economics. (2 cr; A-F only. Prereq–[Econ 8001, Econ 8002] or [Econ 8101, Econ 8102] or #)
Review of market structure, conduct, and performance. Market interdependency over space/time. Product forms. Issues pertaining to market failures/interventions.
ApEc 8804. Managerial Economics. (2 cr. Prereq–[8202, Econ 5151] or [Econ 8001, Econ 8002] or [Econ 8101, Econ 8102] or #; Majors must register A-F basis)
Analysis of managerial decisions by organizations and individual entrepreneurs. Application of dynamic programming to investment and resource allocation decisions. Economics of business organization, including boundaries of the firm, mechanisms for vertical coordination, and economic implications of alternative ownership structures.
ApEc 8888. Thesis Credit: Doctoral. (1-24 cr [max 100 cr]. Prereq–Max 18 cr per semester or summer; 24 cr required)
ApEc 8901. Graduate Seminar: M.S. Program. (1 cr; S-N only. Prereq–ag and applied econ MS student)
Writing, critiquing, and oral presentation skills for M.S. students. Oral presentation of research proposal for thesis or Plan B project critiqued by peers and committee members.
ApEc 8902. Graduate Seminar: Ph.D. Program. (1 cr; S-N only. Prereq–ag and applied econ PhD student)
Faculty, students, and outside speakers present research ideas and results, which participants critique. Topics vary according to interests of the speakers.
ApEc 8991. Advanced Topics in Applied Economics. (1-6 cr [max 6 cr]. Prereq–#)
Special seminars or individual work on subjects suited to needs of students.
Department of Work and Organizations
HRIR 8811. Advanced Quantitative Research Methods in Human Resources and Industrial Relations. (4 credits. Prerequisites HRIR core or #, HRIR PhD student; grad majors must enroll A-F only.)
General linear model and its assumptions and violations; simultaneous equations; pooling cross-section and time series; limited qualitative dependent variable models; sample selection models; hazard models. Emphasizes application to human resources and industrial relations.
HRIR 8860. Seminar: Analysis of Current Labor Market Theory and Empirical Research. (4 credits. Prerequisites 8061 or #, HRIR PhD student; grad majors must enroll A-F only.)
Functions and operations of labor markets, theory, and research.
HRIR 8870. Seminar: Labor Relations and Collective Bargaining. (4 credits. Prerequisites 8071 or #, HRIR PhD student; grad majors must enroll A-F only).
Analysis of contemporary theoretical and empirical research.
Humphrey School of Public Affairs (PA)
PA 8302. Applied Policy Analysis. (4 credits. Prereq-Intermediate microeconomics, introduction to econometrics; A-F only, fall, every year)
Design/evaluation of public policies. Emphasizes market/non-market contexts. Microeconomics and welfare economics of policy analysis. Econometric tools for measurement of policy outcomes. Applications to policy problems.
PA 8312. Analysis of Discrimination. (3 credits.)
Introduces students of policy analysis and other applied social sciences to tools for measuring and detecting discrimination in market and nonmarket contexts. Application of modern tools of labor econometrics and race relations research to specific problems of market and nonmarket discrimination.
Division of Health Policy & Management (PUBH)
PUBH 6832. Economics of the Health Care System. (3 credits = [ECON 5890]; Prerequisites or #)
Development of traditional issues in health economics. Production of health, demand for health capital and health care, insurance theory and markets, managed care, pricing, physician's services, production and costs in health care institutions, role of government, cost effectiveness analysis, reform.
PUBH 8811. Research Methods in Health Care. (3 credits. Prerequisites 8810, grad or professional school student or #)
Research methods commonly used in analysis of health services research and health policy problems.
PUBH 8821. Health Economics II. (3 credits. Prerequisites 8820 or #; A-F or Aud.)
Examines application of microeconomic theory to health services research through selected reading from published and unpublished health economics literature.