# 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 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 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–ApEc 3001 or Econ 3101 or PA 5021 or #)
Theoretical foundations of labor markets, intertemporal/household labor supply, demand for labor, efficiency wages, human capital theory, unemployment, migration decisions, analysis of econometric research applied to labor policy issues such as minimum wage, tax policy, social insurance, and education.
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–ApEc 3001 or Econ 3101 or #)
Economics of innovation, technical change, and research and development, productivity measurement, knowledge stocks, research lags and spillovers, econometric/welfare surplus methods for evaluating economic consequences of research and development, economics of intellectual property rights.
ApEc 5751. Global Trade and Policy. (3 cr. Prereq-ApEc 3001 or Econ 3101 or PA 5021)
Trade policies of import/export nations, gains from trade, trade negotiations/agreements, free trade and common market areas, exchange rate impacts, primary commodities and market instability, current trade 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 5821. Business Economics and Strategy. (3 cr. Prereq-graduate student and ApEc 3002 and Acct 3001 or Mgmt 3001 or Mktg 3001)
Strategic management for production, processing, wholesaling, retailing and service, strategy formulation, implementation and control, business plans, case study analysis.
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 5991. Special Topics and Independent Study in Applied Economics. (1-4 cr. Prereq-#)
Special classes, independent study, and supervised reading/research on subjects/problems not covered in regularly offered courses.
ApEc 8001. Applied Microeconomic Analysis of Consumer Choice and Consumer Demand. (2 cr. Prereq-ApEc 5151 or Econ 3101 or 5151 or intermediate micro theory, Math 2243 or 2263 or #)
Consumer behavior/demand, introduction to welfare analysis, general equilibrium analysis in pure exchange economy.
ApEc 8002. Applied Microeconomic Analysis of Production and Choice Under Uncertainty. (2 cr. Prereq- ApEc 8001 or Econ 8101, Math 2243 or 2263 or equiv, or #)
Production, competitive markets, choice under uncertainty, technology and production, cost minimization and profit maximization, production duality, efficiency and technical change, general equilibrium of production.
ApEc 8003. Applied Microeconomic Analysis of Game Theory and Information. (2 cr. Prereq-ApEc 8002 or Econ 8102, Math 2243 or 2263 or equiv, #)
Strategic competition, game theory and information, non-cooperative games, static games of complete and imperfect information, dynamic games of complete/incomplete information, application of incomplete information.
ApEc 8004. Applied Microeconomic Analysis of Social Change and Welfare. (2 cr. Prereq-ApEc 8003 or Econ 8103, Math 2243 or 2263 or equiv, #)
Welfare economics/measurement, externalities and social choice, welfare theorems in general equilibrium, externalities and public goods, social choice, social welfare, welfare change measurement.
ApEc 8202. Mathematical Optimization in Applied Economics (3 cr. Prereq - ApEc 5151 or #)
Economic foundations and applications of mathematical and dynamic programming and optimal control. Mathematical optimization concepts; structures and economic interpretations of various models of the firm, consumer, household, sector, and economy. Model building and solution techniques.
ApEc 8203. Applied Welfare Economics and Public Policy. (3 cr. Prereq-calculus, intermediate econ theory)
Basic concepts underlying measurement of welfare change, problems of market failure and externalities, social welfare functions, distribution within and across generations, application of concepts based on case studies of the environment, returns to research, technical change, and agricultural policy.
ApEc 8206. Dynamic Optimization: Applications in Economics and Management. (3 cr. Prereq-ApEc 5151 or equiv or #)
Formulation and solution of dynamic optimization problems using optimal control theory and dynamic programming, analytical and numerical solution methods to solve deterministic and stochastic problems for various economic applications.
ApEc 8211. Econometric Analysis I. (4 cr. Prereq-ApEc 5032 or equiv or Ph.D. student or #)
Classical multiple linear regression, stochastic regressors, heteroscedasticity, autocorrelated disturbances, panel data, discrete dependent variables.
ApEc 8212. Econometric Analysis II. (4 cr. Prereq - 8211 or #)
Specification tests, instrumental variables, heteroscedasticity, panel data, simultaneous equations, bootstrap methods, limited dependent variable models, semiparametric estimation, econometrics of program evaluation, general method of moments, time series, hazard models.
ApEc 8341. Applied Public Finance. (3 cr. Prereq-ApEc 8001-8004 or Econ 8101-8104)
Current economic research on government tax and expenditure policy, application of tools of applied economics to public finance issues, tax policy, taxation and household decisions, taxation and the firm, fundamental tax reform, alternative demand models for public goods, public choice theory, and fiscal federalism.
ApEc 8401. Consumer Behavior and Household Economics. (2 cr. Prereq-ApEc 8001-8004 or Econ 8101-8104)
Microeconomic analysis of individual and household behavior, theoretical and empirical issues, demand theory, static models to dynamic models, equivalence scales and intrahousehold allocation.
ApEc 8402. Information and Behavioral Economics. (2 cr. Prereq-ApEc 8401 and ApEc 8001-8004 or Econ 8101-8104)
Consumer behavior, standard economic models, alternative models that incorporate psychological phenomena, influence of information on consumer choice over time and under uncertainty, expected and unexpected utility theory, bounded rationality, prospect theory, choice over time.
ApEc 8501. Labor Economics I. (2 cr. Prereq-ApEc 8003 or Econ 8103, ApEc 8211 or 5032 or #)
Theoretical and empirical studies of compensating differentials, discrimination, personnel economics, and gross flows.
ApEc 8502. Labor Economics II. (2 cr. Prereq-ApEc 8211 or Econ 8101 and 8102 or #)
Topics in applied microeconomics related to labor supply and human capital. Household decisions and resulting outcomes in the labor market, household labor supply, estimation of labor supply and earnings functions, theory of human capital, wage structure and determination, impacts of tax and transfer policies.
ApEc 8601. Natural Resource Economics. (3 cr. Prereq-Apec 5151, 8202, 8206 or #)
Economic analysis of resource use and management, capital theory, dynamic resource allocation, applications to renewable and nonrenewable resources, empirical studies, policy issues.
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. Trade and Development I. (2 cr. Prereq–Econ 8002 or Econ 8102 or #)
Analyze international trade and economic policies that affect trade. Consider the determinants of trade, the welfare effects of trade, and the implications of trade liberalization or protectionism.
ApEc 8702. Trade and Development II. (2 cr. Prereq–8230, Econ 8002 or Econ 8102 or #)
Focus on the applied microeconomics of international development and empirically testing the various theories developed to account for persistent economic underdevelopment and poverty. The course will cover key ideas and methods in empirical development economics, household models, intrahousehold models, market formation and market participation, land markets, technology adoption, risk and insruance, and other topics.
ApEc 8703. Trade and Development III. (2 cr; A-F only. Prereq–Econ 8001-04 or Econ 8101-04, and ApEc 8211-8212 or #. Concurrent registration is OK)
Topics in the microeconomic analysis of development covered include: education, poverty, inequality, demography, and the impact of international aid.
ApEc 8704. Trade and Development IV. (2 cr. Prereq- Econ 8002 or Econ 8102 or #)
Focus on the applied microeconomics of international development. Empirically analyze various market failures in developing countries, their role in driving persistent poverty, and interventions to address them. Specific attention is paid to the functioning of financial, labor, and healthcare markets, as well as the influence of social networks and economic decisions and outcomes.
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 8903. Ph.D. Qualifying Paper Seminar I. (1 cr. S-N only. Prereq-ApEc PhD student and ApEc 8001-8004 or Econ 8101-8104)
Support for writing second year qualifying paper. Purpose of the paper is to provide guided opportunity for doctoral students to complete a substantial research paper.
ApEc 8904. Ph.D. Qualifying Paper Seminar II. (1 cr. S-N only. Prereq-ApEc PhD student and ApEc 8903)
Support for writing second year qualifying paper. Purpose of the paper is to provide guided opportunity for doctoral students to complete a substantial research paper.
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.
PA 8331. Economic Demography (3 credits. Prereq - Grad-level economic theory and econometrics and #)
Classical theory, advanced econometric methods, recent empirical work, and available datasets for research in economic demography. Topics include the economics of mortality, fertility, migration, marriage, women's labor supply, intra-family bargaining, and age structure. Students develop critical analysis and academic discourse skills through in-depth discussions and replications of papers, presentations, referee-style writing assignments, and a term paper.
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.