The request to create six new PPOL cross-listings with six existing ECON courses

Date: January 25, 2013
To: College of Liberal Arts & Sciences
From: Office of Academic Affairs
Approved On: January 9, 2013
Approved by: Graduate Council
Implementation Date: Summer 2013

Note: Deletions are strikethroughs. Insertions are underlined.

Catalog Copy

Changes in Descriptions for Existing ECON courses:

ECON 6201. Advanced Macroeconomic Theory. (3) Cross-listed as PPOL 8701. Prerequisites: Admission to graduate program and permission of program coordinator. Theories of aggregate income determination, inflation, unemployment, interest rates and economic growth; macro-economic consumption and investment behavior; the business cycle. (Fall, Spring)

ECON 6202. Advanced Microeconomic Theory. (3) Cross-listed as PPOL 8703. Prerequisite: Admission to graduate program and permission of program coordinator. Theories of the firm, of the consumer, and of resource owners; determination of prices under different market structures; general equilibrium analysis and welfare economics. (Fall, Spring)

ECON 6250. Advanced Urban and Regional Economics. (3) Cross-listed as PPOL 8705. Prerequisite: Admission to graduate program. Applications of microeconomic theory to problems of cities, metropolitan areas and regions; methods in regional analysis, location theory, land use planning, measurement of economic activity; transportation, housing, poverty, and growth issues. (Spring)

ECON 6206. Game Theory and Experiments. (3) Cross-listed as PPOL 8707. Prerequisite: Permission of the graduate program coordinator. The focus of this course will be on game theoretic analysis and the experimental methodology which can be used to test game theoretic models. The primary topics in game theory covered will be static games with complete information, dynamic games with complete information, static games with incomplete information, and dynamic games with incomplete information. Some topics will be introduced by way of an economic experiment, and the experiment will be followed by a rigorous analysis of the game theoretic solution to the game. The latter part of the course will focus on how to design economic experiments as a means of testing the predictions of game theoretic models. (Spring)

ECON 6256. Public Economics. (3) Cross-listed as PPOL 8709. Prerequisite: MATH 1241 or equivalent, and permission of the program coordinator. Public economics is the study of the way governments choose spending, taxation, and regulatory policy; the ways such policies may affect economic welfare; and mechanisms to evaluate the economic effects of such policies. (Yearly)

ECON 6235. Monetary and Financial Theory. (3) Cross-listed as PPOL 8711. Prerequisites: ECON 6112 and either ECON 6201 or 6202. Theory and empirical tests of money supply, money demand, and financial markets; portfolio theory with special attention to portfolio choices of banks; term structure of interest rates; dynamic models of money and economic activity. (On demand)

Descriptions for NEW PPOL cross-listings:

PPOL 8701. Advanced Macroeconomic Theory. (3) Cross-listed as ECON 6201. Prerequisites: Admission to graduate program and permission of program coordinator. Theories of aggregate income determination, inflation, unemployment, interest rates and economic growth; macro-economic consumption and investment behavior; the business cycle. (Fall, Spring)

PPOL 8703. Advanced Microeconomic Theory. (3) Cross-listed as ECON 6202. Prerequisite: Admission to graduate program and permission of program coordinator. Theories of the firm, of the consumer, and of resource owners; determination of prices under different market structures; general equilibrium analysis and welfare economics. (Fall, Spring)

PPOL 8705. Advanced Urban and Regional Economics. (3) Cross-listed as ECON 6250. Prerequisite: Admission to graduate program. Applications of microeconomic theory to problems of cities, metropolitan areas and regions; methods in regional analysis, location theory, land use planning, measurement of economic activity; transportation, housing, poverty, and growth issues. (Spring)

PPOL 8707. Game Theory and Experiments. (3) Cross-listed as ECON 6206. Prerequisite: Permission of the graduate program coordinator. The focus of this course will be on game theoretic analysis and the experimental methodology which can be used to test game theoretic models. The primary topics in game theory covered will be static games with complete information, dynamic games with complete information, static games with incomplete information, and dynamic games with incomplete information. Some topics will be introduced by way of an economic experiment, and the experiment will be followed by a rigorous analysis of the game theoretic solution to the game. The latter part of the course will focus on how to design economic experiments as a means of testing the predictions of game theoretic models. (Spring)

PPOL 8709. Public Economics. (3) Cross-listed as ECON 6256. Prerequisite: MATH 1241 or equivalent, and permission of the program coordinator. Public economics is the study of the way governments choose spending, taxation, and regulatory policy; the ways such policies may affect economic welfare; and mechanisms to evaluate the economic effects of such policies. (Yearly)

PPOL 8711. Monetary and Financial Theory. (3) Cross-listed as ECON 6235. Prerequisites: ECON 6112 or equivalent and either ECON 6201 or 6202. Theory and empirical tests of money supply, money demand, and financial markets; portfolio theory with special attention to portfolio choices of banks; term structure of interest rates; dynamic models of money and economic activity. (On demand)