ECO - Economics Course Descriptions

ECO B0000 Microeconomic Analysis

Supply and demand; economics of households and firms; determination of product and factor prices under varying market structures.

Credits

3

Contact Hours

3 hr./wk.

ECO B0100 Advanced Microeconomic Theory

General equilibrium theory, capital theory, welfare economics, mathematical models in microeconomics, game theory.

Credits

3

Contact Hours

3 hr./wk.

ECO B0200 Behavioral Economics

The course offers an introduction to the insights gained from incorporating psychology into economic modeling and analysis, an approach referred to as behavioral economics. We will gain an overview over the topics in this new and fast-growing field by sampling original contributions. Thus, the course is expected to involve a lot of reading, complemented by exams, presentations, and problem sets intended to drill students’ abilities to digest and communicate the content of the journal articles involved. Interested students may also be given the option to develop an original piece of research in behavioral economics.

Credits

3

Contact Hours

3 hr./wk.

ECO B1000 Macroeconomic Analysis

Factors determining level of national income, output and employment, business cycle theories and policies to stabilize employment and price level.

Credits

3

Contact Hours

3 hr./wk.

ECO B1100 Advanced Macroeconomic and Monetary Theory

Monetary theory, macroeconomic models, growth theory, capital markets, business cycle theory.

Credits

3

Contact Hours

3 hr./wk.

ECO B2000 Statistics and Introduction to Econometrics

Applications of statistical methods to economic research; description and inference; variance analysis and correlation; statistical induction and testing of hypotheses; time series; index numbers, simple regression analysis.

Credits

3

Contact Hours

3 hr./wk.

ECO B2100 Foundations of Empirical Research

Econometrics and regression analysis, use of computers in empirical research in economics. Basic knowledge of computer language, operations research methods.

Credits

3

Contact Hours

3 hr./wk.

ECO B3100 Public Finance

Sources of metropolitan area finance, desirable distribution of public services among different governments, revenue sharing, taxation effects on land use, cost-benefit analysis. Changing economic significance of government expenditures, taxation, and debt management. Macro- and micro-criteria for financial operations. Administrative problems and intergovernmental relations.

Credits

3

Contact Hours

3 hr./wk.

ECO B3500 Social Innovation

This graduate seminar equips students with strategies, concepts, and ideas for solving social problems such as inequality, environmental pollution, crime, and health care disparities through individual, corporate, and institutional action.

Credits

3

Contact Hours

3 hr./wk.

ECO B3600 Data Analytics for Decision Making

This course equips students to make decisions through an enriched understanding of data sources with application to professional roles in risk management, finance, customer and competitive analysis, and business strategy.

Credits

3

Contact Hours

3 hr./wk.

ECO B3700 Managing Business Complexity

This course equips students to make decisions through an enriched understanding of data sources with application to professional roles in risk management, finance, customer and competitive analysis, and business strategy.

Credits

3

Contact Hours

3 hr./wk.

ECO B4000 Labor Economics

Problems and issues in wages, hours and working conditions; wage policy; relation of labor organizations to management decisions and economic change.

Credits

3

Prerequisites

ECO B0000 and ECO B2000.

Contact Hours

3 hr./wk.

ECO B4100 Health Policy

An introduction to the field of health policy with an emphasis on the economics of health. Health is arguably one of the most important areas of public policy where economic and political issues interact. The course can be divided into three broad parts – a) developing toolkit b) economic analysis of healthcare issues and c) policy implications of academic research. Having completed this course, students should be able to analyze some core economic issues of health like production and consumption of health, insurance and public health.

Credits

3

Contact Hours

3 hr./wk.

ECO B4300 Economic Policies of Trade Unions

Evolution of trade unionism in the U.S. Analysis of union government, strategy, economic objectives and political action.

Credits

3

Contact Hours

3 hr./wk.

ECO B5000 Industrial Organization and Control

Structure of the American economy; governmental policies aiming at preservation of competition in industrial markets and regulation of trade practices.

Credits

3

Contact Hours

3 hr./wk.

ECO B5500 Administrative and Managerial Policy

The general management function. Organizational objectives and long-range forecasting. Implementation of organizational strategy for operations, control, expansion, recovery. Social responsibility of corporations. Term project required.

Credits

3

Prerequisites

ECO B9514.

Contact Hours

3 hr./wk.

ECO B6000 Introduction to Economic Development

Theories, models, and strategic factors of development, domestic and international policy.

Credits

3

Contact Hours

3 hr./wk.

ECO B6100 Theories and Models of Economic Growth

Theories and models of economic growth under varying structural and behavioral assumptions.

Credits

3

Contact Hours

3 hr./wk.

ECO B6400 American Business Law

Studies the legal business environment, regulations on intellectual property rights and product safety related to international business, and the dispute settlement mechanism under the WTO trading framework.

Credits

3

Contact Hours

3 hr./wk.

ECO B7100 International Economics

Gains from trade; theory and practice of protection; nature, disturbance, and adjustment of the balance of payments; development of international economic institutions and the world economy.

Credits

3

Contact Hours

3 hr./wk.

ECO B7700 Banking and the Financial Services Industry

Contemporary practices, policies and issues involving commercial banks, other depository institutions and non-deposit financial intermediaries.

Credits

3

Prerequisites

ECO B9511.

Contact Hours

3 hr./wk.

ECO B7900 Advanced Financial Economics

Expected utility maximizing, state preference theory, mean-variance analysis, capital asset pricing model, arbitrage pricing theory, pricing contingent claims and option pricing theory. Applications of agency theory and asymmetric information and game theory to finance.

Credits

3

Prerequisites

ECO B9510 and ECO B2200.

Contact Hours

3 hr./wk.

ECO B8000 Advanced Options and Futures

Theoretical and practical aspects of futures, forwards, and options; role of these instruments in the economy; determination of pricing.

Credits

3

Prerequisites

ECO B9510 and ECO B9512.

Contact Hours

3 hr./wk.

ECO B8100 International Finance

Macroeconomic theory and policy in the open economy. Issues associated with balance of payments disequilibrium, fluctuating currency values, international factor flows and international capital mobility. Extensions of the Keynesian model; monetary and fiscal policy for internal and external balance; macro policy coordination.

Credits

3

Prerequisites

ECO B1000.

Contact Hours

3 hr./wk.

ECO B8200 International Financial Management

Studies the markets of foreign exchange and currency derivatives, risk management of foreign exchange exposure, international financial assets and the financial management practice for the multinational firm.

Credits

3

Prerequisites

ECO 10000 or ECO 10100 or ECO 10300 or ECO 10400.

Contact Hours

3 hr./wk.

ECO B8400 International Business Economic Policy

Theories and institutional background of current interdependent world economies. Foreign exchange markets, balance of payments problems, multinational enterprise and international trade and investment.

Credits

3

Contact Hours

3 hr./wk.

ECO B8600 Chinese Political Economy I

This is the first course of a sequence that provides a complete introduction to the Chinese political system, economy, and geography. Topics include the governance structure of the contemporary Chinese political system, China's transition to a market economy, recent developments in China's economy, and the geographic setting of China.

Credits

3

Contact Hours

3 hr./wk.

ECO B8700 Chinese Culture and Society

Credits

ECO B8800 Commercial Chinese Language

Focusing not only on denotation but also connotation of Chinese business, this course prepares students for Chinese business environments and promotes their understanding of Sino-Western socio-cultural/political differences, including dining etiquette in Chinese business meals, Chinese copyright policy, Chinese product safety scandals, Shanghai stock market, Beijing real estate, communist governmental propaganda, Hong Kong as an international financial center, etc.

Credits

3

Contact Hours

3 hr./wk.

ECO B8900 Entrepreneurship

Emphasis on the identification and analysis of competencies to launch new ventures.Topics include: the study of entrepreneurial behavior, characteristics of successful entrepreneurs, scanning for unique ideas, methods and techniques for analyzing the competitive environment, writing a business plan, and understanding the challenges of managing a startup organization through various stages of growth.

Credits

3

Contact Hours

3 hr./wk.

ECO B9300 Area Seminar in Development

A research seminar for candidates specializing in development, with particular reference to a specific region or area.

Credits

3

Prerequisites

Permission of instructor.

Contact Hours

2 hr./wk., plus conf.

ECO B9400 Chin Political Econ 2

It is the second course of a courses' sequence that provides complete introduction to Chinese political system, economy and geography. The course features seminars given by outside business leaders covering current topics on doing business with China.

Credits

3

Contact Hours

3 hr./wk.

ECO B9501 Economic Development and Economic History

Credits

3

Contact Hours

3 hr./wk.

ECO B9501-B9522 Seminars

Oral reports and written exercises will be required.

Credits

ECO B9502 Urban Economics

Covers basic economic theories covering the existence and nature of cities. Examines urban issues related to housing, transportation, crime, segregation, rent control, and zoning. Course focuses on issues relevant to the New York region.

Credits

3

Contact Hours

3 hr./wk.

ECO B9503 Labor (Seminar)

Credits

3

Prerequisites

ECO B4000.

Contact Hours

3 hr./wk.

ECO B9504 Statistics and Mathematical Economics

Credits

3

Contact Hours

3 hr./wk.

ECO B9505 Geography

Credits

3

Contact Hours

3 hr./wk.

ECO B9506 Economic Thought

Credits

3

Contact Hours

3 hr./wk.

ECO B9507 International Economics

Credits

3

Contact Hours

3 hr./wk.

ECO B9508 Microeconomic Analysis

Credits

3

Contact Hours

3 hr./wk.

ECO B9509 Macroeconomic Analysis

Credits

3

Contact Hours

3 hr./wk.

ECO B9510 Corporate Finance

Overview of managerial finance: Capital budgeting techniques; capital structure and cost of capital; dividend policy; long and short term financing; working capital management, financial analysis, planning, and control; and mergers and acquisitions.

Credits

3

Contact Hours

3 hr./wk.

ECO B9511 Money and Banking

Analysis of organization and operation of U.S. financial system: money and capital markets, commercial banking; relationship between financial and economic activity, including monetary and fiscal policy.

Credits

3

Prerequisites

ECO B1000.

Contact Hours

3 hrs. wk.

ECO B9512 Investments

Meaning, measurements and relationship of risk. Portfolio analysis, alternative approaches to valuation, determination of asset values in open market, internal and external rates of return, objectives of investment decision.

Credits

3

Prerequisites

ECO B9510.

Contact Hours

3 hr./wk.

ECO B9513 Managerial Economics

Integration of microeconomics and quantitative methods so as to make sound managerial decisions.

Credits

3

Prerequisites

ECO B0000.

Contact Hours

3 hr./wk.

ECO B9514 Organization and Management

The modern corporation and its historic development: principal functions of management and its social role; structure of the management decision process; choice of management tools for analyzing decisions and coping with outcome uncertainty.

Credits

3

Contact Hours

3 hr./wk.

ECO B9516 Operations and Production

Investigation of production systems; application of analytical techniques to product and process design, optimal plant location, efficient plant design, inventory and production systems.

Credits

3

Prerequisites

ECO B0000.

Contact Hours

3 hr./wk.

ECO B9517 Marketing

Distribution and sale of goods and services from production to final consumption; changing buying behavior; institutional structures; marketing channels; product life cycle; and merchandising.

Credits

3

Prerequisites

ECO B0000.

Contact Hours

3 hr./wk.

ECO B9518 Government Regulation and Executive Decision Making

Business influence and response to government regulation. Process models and analytical methods. Advisability of (proactive) corporate social responsibility.

Credits

3

Prerequisites

ECO B9514.

Contact Hours

3 hr./wk.

ECO B9519 Introduction to SAS Statistical Package

Drill applications to economic problems.

Credits

3

Contact Hours

3 hr./wk.

ECO B9520 Accounting

Concepts and techniques of accounting for business transactions and preparation of financial statements.

Credits

3

Contact Hours

3 hr./wk.

ECO B9521 International Business

Credits

ECO B9800 Independent Study

The student will pursue a program under the direction of a member of the Department with approval of the Chair. Credit may be from 1-4 credits, determined before the approval of the Department Chair. Students may repeat course up to 6 credits.

Credits

4

Contact Hours

3 hr./wk.

ECO B9900 Thesis Preparatory Course

In order to take this course, the student must have completed at least 27 MA level credits. (These must include the four core courses for the MA.) The student must meet with a faculty mentor and complete a form similar to the one required for Independent Study courses. The form must be signed off by the mentor, and reviewed and signed by the MA Program Director and the Department Chair. The faculty mentor will decide the minimal requirements that must be attained and completed before a grade may be granted for this course. These requirements will be explicitly stated in the form mentioned above. At a minimum, the requirements must include a clear statement of the title of the proposed thesis. 

The following must be provided: 

  1. A clear statement of hypothesis. 
  2. A clear statement of a methodology. Typically, this will include an explicitly articulated model. 
  3. A clear explanation of how inferences will be drawn from the model. 
  4. A clear statement of the data that will be used, including the source.

Credits

ECO C0011 Organizational Behavior

Organizational Behvr

Credits

3

Contact Hours

3 hr./wk.

ECO C0012 Economics of the Environment and Natural Resources

Examines human effects on the environment and the use of natural resources from an economic perspective, including how such effects may be moderated or managed.

Credits

3

Contact Hours

3 hr./wk.

ECO C0013 Law & Economics

Law & Economics

Credits

3

Contact Hours

3 hr./wk.

ECO C0014 Transportation Economics

Tnsptn Invstmnt Anly

Credits

3

Contact Hours

3 hr./wk.

ECO C0016 Strategic Management

Strategic Management

Credits

3

Contact Hours

3 hr./wk.

ECO C0019 Public Investment Analysis

Pub Invstmt Analysis

Credits

3

Contact Hours

3 hr./wk.