ECONOMICS / 93


Lockhart; S. K. Smith; J. R. Vernon; C. A. West. Associate
Professors: W. A. Bomberger; L. K. Cheng; E. Dinopoulos;
F. O. Goddard; J. H. Hamilton; A. R. Horowitz; R. E.
Romano; S. M. Slutsky; Y. Toda; D. G. Waldo. Assistant
Professor: D. M. Costello.

 The Department offers the Master of Arts (thesis and
nonthesis option) and Doctor of Philosophy degrees in
economics with specializations in econometrics, economic
development, economic theory, industrial organization,
international economics, monetary economics, and public
finance. The Master of Business Administration degree is
also offered with a concentration in economics.
 M.A. Requirements.-A minimum of 36 credits of course
work is required for both the M.A. with and the M.A.
without thesis. A maximum of six credits of research course
ECO 6971 may be included for a master's degree with
thesis. The following core courses are required: ECO 6805
or equivalent, ECO 5415 or equivalent, ECO 6115, ECO
6206.
 Ph.D. Requirements.-Students in the Ph.D. program
must complete the following core courses: ECO 5415,
5424, 6115, 6116, 6206, 6207, 6406, and 6805. All core
courses must be completed in the first year. In addition,
students must complete courses for, and pass qualifying
examinations in, two fields of specialization.

ECO 5415-Statistical Methods in Economics (3) Prereq: STA
3024. Introduction to fundamental statistical concepts: estima-
tion, hypothesis testing, linear regression, and analysis of vari-
ance.
ECO 5424-Econometric Models and Methods (3) Prereq: MAC
3234;coreq:ECO 6805. Introduction to econometrics, including
survey of classical econometric models as well as scope and
method of econometrics.
ECO 5505-Public Economics: Tax Analysis and Policy (3)
Prereq: ECO 3100,3101, orpermission of instructor. Introduction
to welfare analysis and its application to tax policy: incidence and
efficiency cost of taxes; overview of federal and state tax systems.
ECO 5545-Central Government Finance (3) Prereq: EC02013,
2023. Economic effects of public expenditures; war finance;
personal income and estate taxes; corporate income and profit
taxes; excise taxes; debt problems.
ECO 5556-State and Local Finance (3) Prereq: ECO2013,2023.
Allocation of government functions and resources; property taxa-
tion, sales taxes, highway finance, business taxation; debt financ-
ing and control. Emphasis on Florida problems.
ECO 6115-Microeconomic Theory I (3) Coreq: ECO 6805 or
equivalent. Analysis, criticism, and restatement of neoclassical
price and production theories. Demand, supply, cost of produc-
tion, and price determination under various conditions of the
market.
ECO 6116-Microeconomic Theory II (3) Prereq: ECO 6115 or
permission of department. General equilibrium, imperfect com-
petition, welfare economics, decision-making under uncertainty,
and information economics.
ECO 6155-Neoclassical Economics (3) Analysis, criticism, and
restatement of neoclassical theories concerning distribution of
income. Rent, interest, wages, profits, personal distribution, supple-
mentary distribution, and noncapitalistic distribution. Writings of
Marshall, Hicks, Cassel, Boulding, Pigou, Fisher, Douglas, Knight,
Stigler, and Schumpeter provide background for discussion.
ECO 6206-Macroeconomic Theory I (3) Coreq: ECO 6805,
6115. Classical, Keynesian, and new classical aggregate income
and employment analysis. Demand for money. Inflation and
unemployment. Monetary policy and stabilization. Time series
and rational expectations models.
ECO 6207-Macroeconomic Theory II (3) Prereq: ECO 5415,
6115, 6406, 6805, and permission of the department. Dynamic
and stochastic macroeconomic models and their use in studying
economic growth and business cycles.
ECO 6216-Monetary Economics I (3) Contemporary monetary


theory. The demand for money. Monetary policy and inflation,
interest rates, and employment. The role of inflationary finance.
ECO 6217-Monetary Economics 11 (3) Economic instabilities in
capitalistic society. Emphasis on forces operating to bring about
changes in the general level of prices, includingprices of produc-
tive agents, employment and income.
ECO 6405-Mathematical Economics I (3) Prereq: ECO 6805 or
equivalent. Mathematical approach to microeconomic theory,
including theory of the firm, theory of consumer behavior, and
selected topics in market conditions.
ECO 6406-Advanced Mathematical Techniques and Applica-
tions to Economics (3) Prereq: ECO 6115, 6206, 6805, or
permission of instructor. Applications of dynamic optimization
and game theory to modeling of economic problems.
ECO 6426-Econometric Methods I (3) Prereq: ECO 5415 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 ap-
proach, model construction, and estimation techniques.
ECO 6427-Econometric Methods II (3) 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 testing.
ECO 6435-Applied Time-Series Analysis and Dynamic Models
(3) Prereq: ECO 5424. Applications in accounting, economics,
finance and marketing.
ECO 6516-Public Revenue and Distribution (3) Prereq: ECO
6115. Incidence of taxation, excess burden of taxation, and design
of optimal tax system.
ECO 6536-Public Expenditures and Collective Decisions (3)
Prereq: ECO 6206, 6115. Theory of goods and externalities,
evaluation of public expenditures, nature of collective choice,
and voting behavior.
ECO 6617-The United States in the World Economy (1783-
1970) (4)
ECO 6705-International Economics (3) Prereq: GEB 5795, ECP
6705, or permission of instructor. Not designed for doctoral
students. Introduction, covering exchange rate regimes, trade
accounts, national income determination, and trade barriers.
ECO 6706-Theory of International Trade (3) Historical and
economic background of foreign trade; theory of international
trade;fundamentalsof international exchange; international com-
mercial policies and international trade; exchange fluctuations
and their control; international monetary institutions.
ECO 6716-International Economic Relations (3) Capital forma-
tion in the underdeveloped countries, economic integration,
balance of payments and international monetary reform, the
economic consequences of population pressures and economic
relations between the advanced and other nations.
ECO 6805-Mathematical Methods and Applications to Eco-
nomics (3) Prereq: MAC 3233, 3234. Application of mathemati-
cal techniques to economic problems, including constrained
optimization.
ECO 6906-Individual Work in Economics (1-4; max: 8)
ECO 691 0-Supervised Research (1-5; max: 5) S/U.
ECO 6940-Supervised Teaching (1-5; max: 5) S/U.
ECO 6957-International Studies in Economics (1-4; max: 12)
Prereq: admission to approved study abroad program and permis-
sion of department. S/U.
ECO 6971-Research for Master's Thesis (1-15) S/U.
ECO 7165-Economics of Uncertainty (3) Multi-period prob-
lems in inventory theory, portfolio analysis, search, and firm
behavior. Analysis of market behavior under uncertainty.
ECO 7429-Econometrics and Statistics Seminar (1-4; max: 8)
ECO 7938-Advanced Economics Seminar (1-4; max: 8) For
advanced graduate students in economics. Prereq: student must
have completed graduate core program and have preliminary
dissertation topic.
ECO 7979-Advanced Research (1-9) Research for doctoral
students before admission to candidacy. Designed for students
with a master's degree in the field of study or for students who have
been accepted for a doctoral program. Not open to students who
 have been admitted to candidacy. S/U.
 ECO 7980-Research for Doctoral Dissertation (1-15) S/U.
 ECP 5606-Special Problems in Urban and Regional Economics