Graduate Economics Courses


EC 611 The Macroeconomics of Financial Markets (3 credits)

Prerequisite(s): GR521 (or PPF 501) and GR522 (or PPF 502) and GR524 (or PF503) and GR525 (or PF504).

Explores the links between the macroeconomy and financial markets. We begin by developing a model of the macroeconomy. We will then cover the basic asset valuation models. The remainder of the semester will explore how changes in the macroeconomy affect stock, bond, foreign exchange, and derivatives markets, as well as how these markets in turn impact the macroeconomy.

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EC 621 Business and Economic Forecasting (3 credits)

Prerequisite(s): GR521 (or PPF 501) and GR 522 (or PPF502).

Presents a range of concepts useful for business, economic and financial forecasting. Introduces the types of forecasts required, simple time-series models, data series smoothing techniques, trend-line fitting and forecasting, linear regression time-series forecasts and Box-Jenkins models. Examines the selection of appropriate techniques in various business situations and utilizes selected software for business forecasting.

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EC 631 Market Structure and Firm Strategy (3 credits)

Prerequisite(s): GR522 (or PPF 502).

Examines industry organization and the nature of interfirm rivalry within contemporary market environments. Develops microeconomic tools for determining the degree and nature of competition in an industry. Presents economic models of market structure and firm behavior to explain industry performance. Analyzes market definition using scale economies, merger activity, entry barriers, and cartelization. Investigates strategic firm behavior within well-defined markets. Addresses competitive strategies such as profit maximization, price discrimination, product differentiation, and advertising. Includes a game theoretical approach to demonstrate firm interdependence. Employs a variety of industry case studies to provide institutional context to the analytical issues.

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EC 655 The Economics of Globalization (3 credits)

Prerequisite(s): GR 522 (or PPF502)

To be successful in business, it is necessary to understand the impact of global events. For instance, faster economic growth in China leads to higher oil consumption which causes world oil prices to rise which can result in inflationary pressures in the United States that would cause the Federal Reserve to raise interest rates which increases the cost of your loans. The goal of this course is to have students gain knowledge about current issues and to acquire the skills necessary to make these connections. Some of the topics covered in the course include: trade disputes, the expansion of free trade, the Euro, China/India and financial crises in developing countries. This course will utilize readings from well-known economists along with sources such as The Economist. In addition to the midterm and final exams, students will write a paper about an international issue of interest to them. Exams will be mostly essays as the focus is on being able to analyze and discuss issues.

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EC 701 Internship in Business Economics (3 credits)

Affords students the opportunity to enhance self-realization and direction by integrating classroom study with experience in vocational learning situations. Requires development of a study plan to identify the student's professional goals and to demonstrate how these goals can be enhanced through an internship experience. Includes regular meetings in which students discuss issues and business problems related to their work experience, and defend proposed solutions before fellow students and the internship coordinator.

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