2. Core Courses for Economics Major

2. Core Courses for Economics Major

01:220:326 Econometric Theory (3)

Introduction to econometric theory and applications. Regression-based estimators derived and their statistical properties established. Topics include linear regression model and its extensions in economics, full information maximum likelihood estimators and test procedures, and other nonlinear methods. Computer applications of these methods employed. Prerequisites: 01:220:102, 103; 01:960:211 or 285; 01:640:136 or 152. (Credit not given for both this course and 01:220:322.)

01:220:322 Econometrics (3)

Introduction to the application of statistical methods for the estimation, testing, and prediction of economic relationships. Emphasizes ordinary least squares regression and problems in its application. Extensive use of microcomputers. Special topics may include limited dependent variable models, simultaneous equation methods, and time-series methods. Prerequisites: 01:220:102, 103; 01:960:211 or 285 or equivalent; 01:640:135 or 151. (Credit not given for both this course and 01:220:326.)

01:220:320 Intermediate Microeconomic Analysis (3)

Households and firms as maximizing agents; implications for demand and supply of goods and productive services in competitive and monopolistic markets; general equilibrium; welfare economics. Prerequisites: 01:220:102; 01:640:135 or 151. (Credit not given for both 01:220:320 and 203).

01:220:321 Intermediate Macroeconomic Analysis (3)

Modern and classical theories of income determination, stabilization, and economic growth; emphasis on unemployment and inflation. Prerequisites: 01:220:102, 103; 01:640:135 or 151. (Credit not given for both 01:220:321 and 204).