Required Core Courses = 21 Credits

Fall I

(also available Summer)

Prerequisite(s): Econ 201, 202 and 210.

This course is an introduction to econometrics, the joint area of economics and statistics dealing with the application of statistics to economic problems. The course objectives are to acquire a basic understanding of the theory and methods of econometrics and to gain practical experience in utilizing these methods. The students will use the tools developed in the course in homework and written assignments so that they can develop an insight to theory and its application.

Prerequisite(s): Econ 308 and 309, and Math 146 or 165.

Study of mathematical methods in the areas of introductory calculus and linear algebra, and their application to economic analysis. Mathematical analysis of static and dynamic equilibrium models, distribution, production functions, cycles, activity analysis, mathematical programming, and model building.

Prerequisite(s): Econ 410.

A continuation of ECON 410, but with a major emphasis on business and economic forecasting. As with ECON 410, there is a heavy emphasis on solving practical problems of the major types common in the economic profession.

Prerequisite(s): Econ 309 and 416.

Advanced study of macroeconomic theoretical models with particular attention to the analysis of business cycles, income growth and evaluation of public policies concerned with inflation and unemployment.

Prerequisite(s): Econ 308. Co- or prerequisite Econ 416.

Economic theory and methodology; theory of consumer behavior and demand; theory of production and distribution; equilibrium in commodity and factor markets; general equilibrium and welfare; behavior of economic agents in imperfect competition. Particular attention is given to efficiency and equity ramifications of perfectly competitive economic systems.

Prerequisite(s): Econ 410, 411, 416 and 504.

This is an applied course in economics, the purpose of which is to build on the tools learned in previous coursework, learn new tools, and discover how to apply these tools to the analysis of data from the real world. The course includes theory, though the focus is on applying the tools of modern econometrics to the study of cross sectional, time series, and panel data.

Summer

Seminar course intended to strengthen and further develop essential skills of research and formal presentation (written and oral) for both academic and professional audiences. Students will apply these skills to the development of their individual Independent Study or Thesis Project Proposal. Enrollment is restricted to MSAE degree students who plan to complete their Independent Study or Thesis in the following academic year.

Electives in Economics or Related Fields

Electives: To Be Determined

6-9 Credits

Online

To Be Determined

(typically held in the Summer)

Electives must be determined in consultation with and approved by the MSAE Program Director. Topics will change from semester to semester, but will typically emphasize an important aspect of economic theory or a significant issue in economic policy, such as:

• Public Finance
• International Economics
• Labor Economics
• International Money and Finance
• Applied Public Policy
• Financial Econometrics
• Demography
• Economic Development
• Applied Economic Analysis
• Economic Research Internship

Non-Thesis Option = 2 Credits

The independent study requires the student to investigate a topic in applied economics and to prepare a formal report satisfactory to the MSAE program director.

Thesis Option = 4 Credits

The thesis is an original research project completed under the supervision of a thesis committee.