ECONOMICS / 75 cialization in animal physiology, nutrition, genetics, and food science). . Areas of interest include quantitative genetics, nutrition, reproductive, environmental, and lacta- tional physiology, endocrinology, biochemistry, mastitis, management, and milk chemistry. A departmental prerequisite for admission to grad- uate study in dairy science is a strong undergraduate background in the physical or biological sciences. A prospective graduate student need not have majored in dairy science as an undergraduate. The following courses in related areas will be ac- ceptable for graduate credit as part of the candidate's major: ANS 5446-Animal Nutrition; ANS 6368-- Quantitative Genetics; ANS 6448-Nitrogen and En- ergy in Animal Nutrition; ANS 6715-Ruminant Nutri- tion and Digestive Physiology; ANS 6723-Mineral Nutrition and Metabolism; ANS 6751-Physiology of Reproduction. DAS 6281-Dairy Science Research Techniques (3) Prereq: STA 6167. Methods employed in research in specialized dairy fields; genetics, nutrition, and physiology. DAS 6322-Introduction to Statistical Genetics (2) Prereq: ANS 6368, STA 6167. DAS 6512C-Advanced Physiology of Lactation (2) Prereq: VES 6242. DAS 6531-Endocrinology (4) Prereq: BCH 4203, 4313; VES 6242C. DAS 6541-Energy Metabolism (3) Prereq: ANS 5446; BCH 4203, 4313; HUN 3246, or permission of instructor. DAS 6555-Environmental Physiology of Domestic Animals (3) Prereq: VES 6242C. DAS 6617-Advanced Dairy Technology (1-4; max: 4) Theo- ries and analytical techniques associated with chemical, physical, and microbiological changes of milk constituents during secretion, processing, and storage of dairy products. DAS 6905-Problems in Dairy Science (1-3; max: 4) H. DAS 6910-Supervised Research (1-5; max: 5) S/U. DAS 6931-Graduate Seminar in Dairy Science (1) DAS 6940-Supervised Teaching (1-5; max: 5) S/U. DAS 6971-Research for Master's Thesis (1-15) S/U. ECONOMICS College of Business Administration GRADUATE FACULTY 1984-85 Chairman: R. D. Blair. Graduate Coordinator: L. W. Kenny. Graduate Research Professors: G. S. Maddala; W. Woodruff. McKethan-Matherly Professor of Econ- ometrics and Decision Sciences: H. Theil. Professors: R. D. Blair; W. J. Frazer; M. R. Langham; R. F. Lanzillotti; M. M. Lockhart; J. W. Milliman; J. R. Ver- non; E. Zabel. Associate Professors: J. D. Adams; S. V. Berg; W. A. Bomberger; S. R. Cosslett; D. A. Denslow; L. F. Dunn; F. O. Goddard; A. R. Horowitz; L. W. Kenny; S. K. Smith; Y. Toda. Assistant Professors: E. P. Brown; L. K. Cheng; T. Fries; R. E. Romano; M. Rush; K. R. Sawyer; D. G. Waldo. The Department of Economics offers the Master of Arts (thesis and nonthesis option) and Doctor of Phi- losophy degrees with specializations in econometrics, economic development, economic history, economic theory, human resource economics (including labor and health care economics), industrial organization and social control, international economics, monetary economics, public finance, and urban-regional eco- nomics. The Master of Business Administration de- gree is also offered with a concentration in econom- ics. M.A. Requirements.-A minimum of 36 credits of course work is required for both the M.A. with and without thesis. A maximum of six credits of research course ECO 6971 may be included for a master's de- gree with thesis. The following core courses are re- quired: GEB 5805 or equivalent, ECO 5424 or equiva-, lent, ECO 6116, ECO 6206. Ph.D. Requirements.-Students in the Ph.D. pro- gram must complete the following core courses: GEB 5805 or equivalent, ECO 5416, ECO 5424, ECO 6116, ECO 6117, ECO 6206, and ECO 6207. All except ECO 5416 and ECO 5424 must be completed in the first year. ECO 5416 and ECO 5424 must be completed by the end of the second year. ECO 5416-Statistical Methods in Economics (4) Prereq: STA 3024. Introduction to fundamental statistical concepts: esti- mation, hypothesis testing, linear regression, and analysis of variance. ECO 5424-Econometric Models and Methods (4) Prereq: ECO 5416. ECO 5716-Foreign Exchange and International Financial In- stitutions (2) ECO 6116-Microeconomic Theory I (3) Coreq: GEB 5805 or equivalent. Analysis, criticism, and restatement of neo- classical price and production theories. Demand, supply, cost of production, and price determination under various conditions of the market. ECO 6117-Microeconomic Theory II (4) Prereq: ECO 6116 and permission of the department. Imperfect competition, general equilibrium, welfare, and optimization over time. ECO 6206-Macroeconomic Theory I (3) Classical, Key- nesian, and post-Keynesian aggregate income and em- ployment analysis. Determination of price level and interest rate. ECO 6207-Macroeconomic Theory II (4) Prereq: ECO 6206 and permission of the department. Dynamic macro- economic models. Inflation, unemployment and expecta- tions. The role of capital accumulation. ECO 6216-Monetary Economics I (4) Contemporary mone- tary theory. The demand for money. Monetary policy and in- flation, interest rates, and employment. The role of infla- tionary finance. ECO 6236-Seminar in Monetary Economics (4) ECO 6266-Monetary Economics II (4) Economic in- stabilities in capitalistic society. Emphasis on forces operat- ing to bring about changes in the general level of prices, in- cluding prices of productive agents, employment and in- come. EGO 6405-Mathematical Economics I (4) Prereq: GEB 5805 or equivalent. Mathematical approach to microeconomic theory, including theory of the firm, theory of consumer be- havior, and selected topics in market conditions. ECO 6406-Mathematical Economics II (4) Prereq: ECO 6405. Probability and simulation models of economic behav- ior; mathematical models from monetary economics. ECO 6407-Nonstochastic Models (4) Prereq: MAS 3113 or ESI 4567. General linear programming model and its basic theorems, integer and nonlinear programming. Spatial equilibrium, input-output, and game theory models. ECO 6426-Econometric Methods I (4) Prereq: ECO 5416 or equivalent and MAS 3113 or equivalent. Stochastic models. The general linear model and problems associated with its use in econometric research. Theory of the simultaneous equation approach, model construction, and estimation techniques. ECO 6427-Econometric Methods II (4) Prereq: ECO 6426 or AEB 6571. Advanced econometric theory with applications to topics such as nonlinear estimation, limited dependent variable models, time-series analysis, and specification test- ing. ECO 6428-Research Seminar in Econometrics (1-4) Prereq: ECO 6426. Empirical measurement in applied economics. Empirical problem requiring the construction, estimation, and defense of a quantitative economic model. ECO 6433-Macroeconomic Models and the Firm (4) Prereq: ECO 5204, 5111, STA 6606, 6358. Synthesis and application of macroeconomic theory and economic forecasting models to managerial decision making, with emphasis on under- standing effects on the firm of economic actions taken by foreign and domestic governments.