Analysis of Politics (ECO 4532) – This course uses economic models to analyze political decision making. A theory of constitutions is developed and applied to the U.S. Constitution. Models of majority rule decision making and bureaucratic supply are used to develop an understanding of supply and demand in the public sector. Prerequisite: ECO 2023.
Behavioral Economics (ECO 4106) – This course examines the consequences for economic analysis when individuals (and groups) deviate from rational behavior in identifiable and predictable ways, and incorporates these systematic biases into more accurate models of economic decision making. Prerequisite: ECO 3101.
Decision Making Under Risk and Uncertainty (ECO 3054) – This course is an introduction to the theory of economic decision-making under risk and uncertainty. Emphasis is placed on developing and applying alternative theories of decision making to insurance markets, financial markets, and the negotiation of contracts. Prerequisites: ECO 2013 and ECO 2023.
Economics of Information (ECO 4165) – This course covers the theory of Uncertainty and Information. The course first defines uncertainty, information, and describes how the economic agent reacts to it. The course is also devoted to cases where information is endogenous, and can be generated or revealed by agents. ECO 4165 Prerequisites: ECO 2013 (C- or better) and ECO 2023 (C- or better) and MAC 2233 (C- or better).
Economics and the Law (ECP 3451) – This course is focused on the impact of the legal system on economic activity and the role of economic analysis in assessing the relative efficiency of alternative legal rules and institutions. Prerequisite: ECO 2023.
Economics of State and Local Government (ECO 4554) – This course covers state and local revenues, expenditures, and borrowing; intergovernmental relationships. Prerequisite: ECO 2023.
Experimental Economics (ECO 4455) – This course is an introduction to the use of laboratory experimental economics, a relatively new method of economics research in which the classic model of laboratory experimentation is applied to microeconomics. The course is presented using both traditional lecture format and hands-on participation in different experimental economic formats. Prerequisites: ECO 2013 and ECO 2023.
Games and Decisions (ECO 4400) – This course is a non-technical introduction to strategic decision-making. Focus on situations involving conflict and cooperation and on decision-making under conditions of uncertainty and ignorance. Applies game theory and decision theory to such topics as bargaining and negotiations, contracting, auctions, and voting. Prerequisites: ECO 2023; ECO 3101 recommended.
Intermediate Microeconomics (ECO 3101) – This course covers various topics such as supply, demand, cost of production, theory of the firm, factor price determination, and other microeconomic resource allocation questions. Prerequisites: ECO 2013 and ECO 2023.
Introduction to Mathematical Economics (ECO 4401) – This course uses mathematical techniques such as probability, matrix algebra, and calculus to better understand fundamental principles of economics and applies these techniques to policy analysis. Prerequisites: ECO 2013, ECO 2023, and MAC 2311.
Government Regulation of Business (ECP 4413) – This course is an introduction to the economic analysis of antitrust law and regulation. Topics include price fixing, monopolization, predatory pricing, exclusive dealing, tie-ins, price discrimination, mergers, antitrust enforcement policies, and case studies in economic regulation. Prerequisite: ECO 2023.