501 Macroeconomic Analysis and Policy (4, Sp) Theories of aggregate economic activity; design and use of macroeconometric models; stabilization and control of inflation, unemployment, and growth. Prerequisite: ECON 303, ECON 305, and ECON 401.
502 Mathematical Methods in Dynamic Economics (4, SpSm) Movement of economic systems over time; differential and difference equations; introduction to the optimal control of economic processes; dynamic programming and optimal strategies; selected applications. (Duplicates credit in former ECON 584.) Prerequisite: ECON 401.
503 Microeconomic Theory I (4, Fa) Optimization of the consumer and the firm; duality and imputed value; perfect and imperfect competition in product and factor markets. Prerequisite: ECON 401; recommended preparation: ECON 500.
505 Macroeconomic Theory I (4, Fa) Aggregate demand, supply and government policy; theories of economic growth and business cycles; static and dynamic implications of government policies. Prerequisite: ECON 401; recommended preparation: ECON 501, ECON 502.
506 Input-Output Analysis and Applied Mathematical Programming (4) Model construction, economic interpretation, computer solution and policy application, applications to regional, national, resource, environmental, and defense problems. (Duplicates credit in former ECON 582.) Prerequisite: ECON 401.
511 Econometric Methods (4, Sp) Review of statistical methods of estimation and inference, linear regression with multicollinearity and serial correlation; multivariate regression and simultaneous equations. (Duplicates credit in former ECON 581.) Prerequisite: ECON 402.
512 Public Finance and Expenditures II (4) Advanced topics in externalities, public goods, and tax incidence; collectivities and public decision-making; pricing of divisible services; alternative tax. Prerequisite: ECON 510.
513 Practice of Econometrics (4) Application of econometric tools using standard econometric software packages for microcomputers; empirical applications to selected economic problems of estimation and inference. Prerequisite: ECON 401 or departmental approval.
523 Economic History and Development (4) Historical trends in developed and developing societies in various aspects of modernization such as human resources, capital, technology, resource allocation, income distribution, international relations. (Duplicates credit in former ECON 573.) Prerequisite: ECON 303 or departmental approval.
527 Classical Economic Theory and Its Critics (4) Classical economic theory; its precursors, main contributors, extensions, and critics; focus upon the writings and ideas of Smith, Say, Malthus, Ricardo, Mill, and Marx. (Duplicates credit in former ECON 515.) Prerequisite: ECON 303 and ECON 305 or departmental approval.
528 Economic Theories in the 20th Century (4) Neoclassical economic theory; its precursors, main contributors, extensions, and critics. Institutionalist economics, business cycle theory, and imperfect competition. (Duplicates credit in former ECON 516.) Prerequisite: ECON 303 and ECON 305 or departmental approval.
529 History of Economic Thought: Dissenting Traditions (4) Dissenting, heterodox traditions in the history of economic theory, especially from late 18th to early 20th centuries; e.g., Marxian, socialist, institutionalist, and/or other historicist contributions. (Duplicates credit in former ECON 517.) Prerequisite: ECON 303 and ECON 305 or departmental approval.
534 Political Economy of Institutions (4) The functions of laws, rules, customs, conventions, and other restrictions on economic and social activity. Theories of institutional evolution. (Duplicates credit in former ECON 574.) Prerequisite: ECON 303 or departmental approval.
537 Contracts, Organizations, and Institutions (4) Information, property rights, bargaining, transaction costs, incentives, free-riding and contracting in organizations; the nature of cooperation; bureaucracies. Prerequisite: ECON 303 or departmental approval.
538 Values and Social Analysis (4) Factors that make values an essential feature of human society; how values develop, change, and are abandoned; role of values in economic development. (Duplicates credit in former ECON 578.) Prerequisite: ECON 303 or departmental approval.
539 Political Economy (4, 2 years, Fa) (Enroll in PEPP 539)
541 Economic Development (4) Development, underdevelopment and the problems thereof; agriculture, industry, trade, population, human capital, capital formation; structural, technological, environmental and institutional changes; political economy of the state. (Duplicates credit in former ECON 575.) Prerequisite: ECON 303 and ECON 305 or departmental approval.
546 Comparative Economic Systems I (4) Comparative review and critique of major theories of economic organization (capitalism versus collectivism), recent literature, criteria, and programs of national economic planning; control and reform. (Duplicates credit in former ECON 570.) Prerequisite: ECON 303 and ECON 305 or departmental approval.
547 Comparative Economic Systems II (4) Comparative analysis of goals, methodologies, and techniques of central planning in Western, Communist, and underdeveloped economies; recent programs and proposals for economic reform. (Duplicates credit in former ECON 571.) Prerequisite: ECON 303 and ECON 305 or departmental approval.
590 Directed Research (1-12, FaSpSm) Research leading to the master's degree. Maximum units which may be applied to the degree to be determined by the department. Graded CR/NC.
594abz Master's Thesis (2-2-0, FaSpSm) Credit on acceptance of thesis. Graded IP/CR/NC.
599 Special Topics (2-4, max 8, FaSpSm) Selected topics in economics as developed by the instructor. Prerequisite: departmental approval.
603 Microeconomic Theory II (4, Sp) General equilibrium theory; existence, uniqueness, and stability; welfare economics; social choice; dynamic models and uncertainty; special topics. Prerequisite: ECON 503.
604 Game Theory (4) Strategies and equilibrium concepts; dynamic and repeated games; incomplete information and learning in games. (Duplicates credit in former ECON 685.) Prerequisite: ECON 503.
605 Macroeconomic Theory II (4, Sp) Macroeconomic theory based on the concepts of optimal growth and intertemporal equilibrium; overlapping generations models; recent developments in macroeconomic theory. Prerequisite: ECON 503 and ECON 505.
606 Complex Economic Dynamics (4) Stability and instability, cycles, chaotic fluctuations, and evolving structure in economic processes. (Duplicates credit in former ECON 683.) Prerequisite: ECON 502.
607 Topics in Dynamic Optimization (4) Theory and numerical methods for dynamic optimization and control; selected applications in economic analysis and econometrics. (Duplicates credit in former ECON 585.) Prerequisite: ECON 502 and knowledge of FORTRAN.
609 Adaptive, Evolutionary Economics (4) Partial information, imperfect decision-making, incomplete coordination of production and exchange; adaptation to economic experience; evolution of market and government institutions. (Duplicates credit in former ECON 684.) Prerequisite: ECON 503 and ECON 505 or departmental approval.
612 Econometric Theory (4) Inference and prediction, generalized and restricted least square, specification analysis, multivariate and seemingly unrelated regressions, simultaneous equations techniques, dynamic models, instrumental variable estimation. (Duplicates credit in former ECON 687a.) Prerequisite: ECON 511.
613 Advanced Econometric Theory (4) Autoregression and distributed lag models, Bayesian methods, errors in variables models, systemwide models of the economy, error components of models, data pooling techniques, simulation methods. (Duplicates credit in former ECON 687b.) Prerequisite: ECON 511.
615 Applied Econometrics (4, Fa) Use of quantitative models to describe and forecast economic activity; estimation and application of such models to selected policy problems. (Duplicates credit in former ECON 586.) Prerequisite: ECON 511.
616 Experimental Economics (4) Laboratory methods for testing economic theory; experimental comparison of alternative market and non-market institutions; identification of behavioral responses to alternative regulations. (Duplicates credit in former ECON 518.) Prerequisite: ECON 500 or ECON 503.
639 Contemporary Economic Policy: Theory and Practice (4) History and analysis of the fundamental continuing policy issues: recession, inflation, public debt, regulation, international competition, energy resources and environmental issues, welfare and income distribution. (Duplicates credit in former ECON 526.) Prerequisite: ECON 500 and ECON 501 or departmental approval.
644 Economic Development Programming and Policy Planning (4) Model construction and application to policy and planning; open economy, Dutch disease, input-output, programming, computable general equilibrium, benefit-cost, sustainability, policy reforms and political economy. (Duplicates credit in former ECON 576.) Prerequisite: ECON 501 or ECON 505.
650 International Trade Theory (4) General equilibrium theory applied to theory and practice of commercial policy, economic growth, and trade. (Duplicates credit in former ECON 550.) Prerequisite: ECON 500 or ECON 503.
651 International Monetary Theory (4) Balance of payments concepts and measures; price theory and the foreign exchange market; international monetary systems; adjustment mechanisms; speculation and official intervention. (Duplicates credit in former ECON 551.) Prerequisite: ECON 500 or ECON 503 and ECON 501 or ECON 505.
657 Monetary Theory and Policy I (4) Money-credit creation; money demand; monetary aspects of general equilibrium and disequilibrium; conceptual problems of money and exchange. (Duplicates credit in former ECON 520.) Prerequisite: ECON 500 or ECON 503 and ECON 501 or ECON 505.
658 Monetary Theory and Policy II (4) Inflation, term structure of interest rates; financial intermediaries and monetary policy; monetary dimensions of economic stability, national income, and growth. (Duplicates credit in former ECON 521.) Prerequisite: ECON 500 or ECON 503, and ECON 501 or ECON 505.
659 Economics of Money and Financial Markets (4) Decision making and general equilibrium under uncertainty; financial markets, informational efficiency of asset prices; linkages between financial sectors. (Duplicates credit in former ECON 608.) Prerequisite: ECON 503.
660 Public Finance (4) Externalities; welfare economics of government supply of services; incidence and effects of taxes; program budgeting; benefit-cost analysis; debt. (Duplicates credit in former ECON 510.) Prerequisite: ECON 500 or ECON 503, and ECON 501 or ECON 505.
666 Urban Economic Theory (4) Urban location models; agglomeration economies; externalities and congestion; subcentering; monocentric and polycentric cities. (Duplicates credit in former ECON 556.) Prerequisite: ECON 500 or ECON 503.
670 Economics of Higher Education (4) Application of economic theory and techniques to study of higher education; monetary and non-pecuniary returns; price responsiveness; finance; cost control; institutional behavior; public policy issues. (Duplicates credit in former ECON 532.) Prerequisite: ECON 500.
671 Economics of Labor and Human Capital (4) A human capital interpretation of labor demand and supply; wage determination, differentials, and discrimination; job turnover and occupational mobility; unions and collective bargaining. (Duplicates credit in former ECON 530.) Prerequisite: ECON 500 or ECON 503.
672 Economics of Medical Care (4) Medical care as an investment in human capital; analysis of the demand for and supply of health services and labor; health insurance; cost-effectiveness analysis; market structures and the pricing of medical services. (Duplicates credit in former ECON 531.) Prerequisite: ECON 500.
673 Economics of Aging (4) Analysis of economic factors associated with an aging population; implications for individuals, society, and the economy. (Duplicates credit in former ECON 533.) Prerequisite: ECON 500.
680 Industrial Organization (4) Decision making, economic behavior and organization in firms; types of competition and market structure; property rights, nonprofit decision making. (Duplicates credit in former ECON 535.) Prerequisite: ECON 500 or ECON 503.
681 Economics of Regulated Industries (4) Theories and methods of government regulation; effects of regulation on various industries; behavior of regulatory agencies. (Duplicates credit in former ECON 536.) Prerequisite: ECON 500 or ECON 503.
690 Seminar in Economic Theory (2, max 8, FaSp) Current research in economic theory presented by faculty, students and outside scholars. Graded CR/NC. Prerequisite: departmental approval.
691 Seminar in Econometrics (2, max 8, FaSp) Current research in econometrics presented by faculty, students and outside scholars. Graded CR/NC. Prerequisite: departmental approval.
692 Seminar in Economic Development (2, max 8, FaSp) Current research in international, regional, and urban development economics presented by faculty, students and outside scholars. Graded CR/NC. Prerequisite: departmental approval.
693 Seminar in Applied Economics and Public Policy (2, max 8, FaSp) Current research in applied microeconomics, macroeconomics, and public policy presented by faculty, students and outside scholars. Graded CR/NC. Prerequisite: departmental approval.
694 Seminar in Dynamic Economics (2) Topics in dynamic economics involving business fluctuations, economic growth and development, microeconomic adjustments and market mechanisms; related quantitative and qualitative methods; empirical research involving economic change. Graded CR/NC. Prerequisite: departmental approval.
699 Special Topics (2-4, max 8, FaSpSm) Selected topics in economics as developed by the instructor. Prerequisite: ECON 503 or ECON 505 or departmental approval.
700 Theory of Incomplete Markets (4) Production and exchange in sequence economies with missing markets; the role of contracts, financial instruments and money. (Duplicates credit in former ECON 682.) Prerequisite: ECON 603.
715 Advanced Topics in Econometrics (4) Time-series methods; aggregation; structural models and methods such as factor analysis and multiple indicator models; various special topics. (Duplicates credit in former ECON 785.) Prerequisite: ECON 617 and ECON 618.
741 Theories of Economic Development (4) Changing development patterns explained in terms of underlying economic forces: equilibrium and disequilibrium theories of growth and development; implications of theory for policy. Prerequisite: ECON 503, ECON 505, ECON 603, ECON 604 or departmental approval.
753 International Economic Integration (4) International factor price equalization; theories of customs unions, common markets, monetary unions, capital and labor transfers; the roles of national states, multinational corporations, international agencies. (Duplicates credit in former ECON 553.) Prerequisite: ECON 650.
755 Open Economy Macroeconomics (4) Economic analysis of national economies when trade and external financial flows are incorporated. Prerequisite: ECON 605.
790 Research (1-12, FaSpSm) Research leading to the doctorate. Maximum units which may be applied to the degree to be determined by the department. Graded CR/NC.
794abcdz Doctoral Dissertation (2-2-2-2-0, FaSpSm) Credit on acceptance of dissertation. Graded IP/CR/NC.
Produced by the USC Division of Student Affairs, Office of University Publications, May 1, 1995