An application of economic analysis to the study of the role of government. Emphasis is on the reasons for and the effects of government intervention in the economy. Topics covered include: market failure, public goods and externalities, welfare policy, voting and public choice, taxation, public debt and cost-benefit analysis.
To provide the student with a firm foundation in the design and estimation of economic models, empirical analysis of economic relationships, and forecasting. Emphasizes the structure and utilization of economic models. This course is a Graduation Composition and Communication Requirement (GCCR) course in certain programs, and hence is not likely to be eligible for automatic transfer credit to UK.
Readings, research and discussion in a seminar format to illuminate problems of historical and contemporary interest in areas of special faculty competence. May be repeated to a maximum of nine credits, but may not be repeated under the same subtitle. Will be limited to a maximum of 15 students. This course is a Graduation Composition and Communication Requirement (GCCR) course in certain programs, and hence is not likely to be eligible for automatic transfer credit to UK.
Readings, research and discussion in a seminar format to illuminate problems of historical and contemporary interest in areas of special faculty competence. May be repeated to a maximum of nine credits, but may not be repeated under the same subtitle. Will be limited to a maximum of 15 students. This course is a Graduation Composition and Communication Requirement (GCCR) course in certain programs, and hence is not likely to be eligible for automatic transfer credit to UK.
This course is an introduction to the use and application of modern analytical modeling for supporting decision making in business. It explores the use of analytical models and technologies including descriptive modeling, data mining, machine learning, and predictive modeling. It also examines a variety of topics in applied regression analysis, including linear and complex models. Emphasis is on business applications of analytical models.
The Neoclassical theory of consumer behavior, production, market equilibrium and imperfect competition.
Analysis of general equilibrium macroeconomic models and factors responsible for deviations from general equilibrium. Emphasis on issues from recent professional literature.
The first course in the introduction to econometrics. A comprehensive survey of the general linear regression, autocorrelation, errors in variables and distributed lag models.
This course is designed to cover recent advances in applied econometrics and teach students the skills necessary to utilize these methods in their research. Students will learn about each method through a combination of lectures, the reading of journal articles, and empirical projects. Particular attention will be paid to applications to the student's own research in such microeconomic fields as health, labor, public, development, international and environmental economics.
This seminar in environmental economics deals with market failure, benefit-cost analysis, no market failure, valuations of environmental changes, and selected topics in environmental economics. Central to the course is valuing changes in health risks, risk perception, and behavior related to health risk. Selected topics include international issues, environmental equity and markets for environmental quality. This course and ECO 725 Health Economics are the two courses that are the basis for the area in Environmental and Health Economics in the Ph.D. Program in Economics.
