image

Eco 411. History of Economic Thought (3)

Selected topics in the history of economic thought, with special attention to the origins of modern economic theory. Prerequisite: a graduate course in economic theory.

ECO 412. Mathematical Economics (3)

Applications of various mathematical techniques in the formation and development of economic concepts and theories. Prerequisite: consent of the chair.

ECO 413. Advanced Microeconomics Analysis (3)

A survey of methods of decision-making at the microeconomic level; price theory and econometric applications. Prerequisite: GECO 402 or equivalent.

ECO 414. Advanced Topics in Microeconomics (3)

Resource allocation and price determination. Theories of choice of consumers, firms and resource owners under various market forms. Prerequisites: GECO 401 and GECO 413 or equivalents.

ECO 415. Econometrics I (3)

Computer applications of standard econometric techniques using regression analysis in a single-equation context. Discussion of problems of multicollinearity, heteroscedasticity and autocorrelation. An introduction to simultaneous equation models, identification and estimation problems. Prerequisite: GECO 401 or equivalent.

ECO 416. Econometric Theory (3)

Mathematical and statistical specification of economic models. Statistical estimation and tests of parameters in single and multiple equation models. Prediction and tests of structural changes. Prerequisites: GECO 401 (or equivalent) and calculus.

ECO 417. Advanced Macroeconomics Analysis (3)

Macroeconomic theory and policy. Emphasis on theoretical models and policy implications. Prerequisite: GECO 403 or equivalent.

ECO 418. Advanced Topics in Macroeconomics (3)

Models of employment, income and growth in monetary economies. Policies for economic stability and growth. Prerequisite: GECO 417 or equivalent.

ECO 402. Managerial Economics (3)

Application of economic and statistical analysis to managerial decision-making. Business and economics forecasting. Empirical estimation of demand, production and cost functions. Resource allocations and pricing strategies in various market structures. Decisions under risk and uncertainty. Government regulations of business. Cases. Prerequisite: Calculus and GECO 401 or equivalent.

ECO 403. Money, Banking and Macroeconomics Analysis (3)

The monetary process and the determination of macroeconomic variables: income, output, employment and prices. Money and capital markets, interest rates, functions of financial intermediaries, monetary and fiscal policy, and recent macroeconomic issues.

ECO 404. Technology, Trade and Economic Growth (1) (required for MOT and MBA-MOT students only)

Overview of the role of technology in economic systems. Productivity and growth effects, relationships to industry structure, impacts on international trade and competitiveness. Prerequisite: intended to be taken concurrently with GECO 402.

ECO 423. Real Options (3)

Course descriptions:  This is an introductory graduate level course in financial economics. It is inteneded for students with stron technical backgrounds who are comforatalbe with mathematical arguemtns. The course is divided into three main parts:  deterministic finance, single-period uncertainty finance, and options theory and its applications. Prerequisite: Fin.420

ECO 428. (GBUS 428) Capital and Interest Theory (3)

Theories of interest and capital. Annuities; applications of present value theory; investment valuation under uncertainty and risk; term structure of interest rates; the theory of savings, cost of capital and capital formation. Prerequisite: GBUS 406/MBA 402 or equivalent.

ECO 429. (GBUS 429) Monetary Theory (3)

The role of money in the economy from theoretical and empirical perspectives. The influence of money and prices, interest rates, output and employment. Prerequisite: GECO/GBUS 427 or equivalent.

ECO 430. (GBUS 430) Public Finance (3)

The economics of public spending and taxation; principles of government debt management; theories of budgeting and cost-benefit analysis and public choice.

ECO 436. Economic History of the United States (3)

Analysis of the colonial economy, transition to industrialization, and the role of trade and transportation in America's development. A consideration of the importance of slavery to the 19th-century American economy and other New World economies. Origin and development of banking and financial markets. Prerequisites: GECO 401 and GECO 402 or equivalents.

ECO 440. Labor Economics (3)

The economics of labor markets and various labor-market institutions with emphasis on current theoretical and empirical research. Prerequisites: GECO 401 and GECO 402 or equivalents.

ECO 447. Economic Analysis of Market Competition (3)

Mathematical models based on game theory and industrial organization. Cases are used to analyze the strategic interaction of firms and governments as competitors and partners.

ECO 451. Urban Economics (3)

The application of traditional and spatial economics to the location of economic activity focusing on the urban economic problems of business location, housing, land value, land use and intra-urban transportation.

ECO 453. Government Regulation of Business (3)

Analysis of the economic justification for government regulation of private enterprise. Topics include antitrust policy, utilities, and health, safety and environmental regulation. Prerequisite: GECO 402 or equivalent.

ECO 454. Economics of Environmental Management (3)

Economic theory of natural resources. Optimal policies for the development of renewable and nonrenewable resources and environmental quality. Prerequisite: GECO 402 or equivalent.

ECO 455. Health Economics (3)

Economic theory of health care delivery systems. Financing health care services. Case studies of specific economic-financing problems and/or international comparisons of health care delivery. Prerequisite: GECO 401 or GECO 402 or equivalents or permission of the instructor.

ECO 456. Industrial Organization (3)

The goal of the course is to review theoretical and empirical attempts by economists to understand market structures lying between the extremes of perfect competition and monopoly. The course will focus first on describing the current U.S. industrial structure and reviewing models of imperfect competition. The course then shifts to a closer study of individual firm behavior. The final segment of the course is an overview of two significant relationships between government and industry caused by the existence of imperfect competition.

ECO 460. Time Series Analysis (3)

Classical decomposition of time series, trend analysis, exponential smoothing, spectral analysis and Box-Jenkins autoregressive and moving average methods.

ECO 461. Forecasting (3)

Methods of economic and business forecasting.

GECO 462. Advanced Statistics for Business and Economics (3)

An expanded development of statistical concepts necessary for business and economic research. Topics include probability theory, sets, density functions and distributions, sampling distributions, point estimation, moment generating functions, maximum likelihood, classical statistical inference, power functions, likelihood ratio tests and non-parametric tests. Prerequisite: calculus.

ECO 463 (IE 458). Topics in Game Theory (3)

A mathematical analysis of how people interact in strategic situations. Topics include normal-form and extensive-form representations of games, various types of equilibrium requirements, the existence and characterization of equilibria, and mechanism design. The analysis is applied to micro-economic problems including industrial organization, inter-national trade, and finance. Prerequisites: Two semesters of calculus, GECO 414 and GECO 412 , or permission of the instructor.

ECO 471. International Economic Development (3)

An introduction to the basic theoretical concepts in international economic development and an evaluation of their application by means of a representative sample of the literature.

ECO 472. International Trade Theory (3)

Theories of comparative advantage, factor price equalization, trade and welfare, tariffs, trade and factor movements. Prerequisite: GECO 413 or consent of the chair.

ECO 473. International Monetary Economics (3)

Theory of the balance of payments, the microeconomics of international finance, various approaches to balance-of-pay-ments adjustments, theories of foreign exchange-rate deter-mination and macroeconomic policy under fixed and flexible exchange rates. Prerequisite: GECO 417 or consent of the chair.

ECO 480. Economics of Technological Change (3)

Explores theoretical models and empirical evidence on the economics of innovation and technical change. Includes examination of: the role of technology in competitiveness, industrial structure and economic growth; alternative models of the innovative process; incentives for and other conditions affecting research and development; the evaluation of the justifications for government support of R&D. Prerequisite: GECO 402 or equivalent.

ECO 499.  Dissertation

 
 
Lehigh Rankings
Best Part-Time MBA schools
AACSB Accredited