Economics (BSB)/Business and Economic Policy Analysis (MS)
The MS in Business and Economic Policy Analysis gives students a distinguished and marketable set of skills in economic theory as it applies to policy analysis. Students learn how to conduct statistical and econometric research grounded in sound economic models using data from multiple sources on different issues. In addition, students will be able to explain their results and policy recommendations not only to economists, but also to non-economists, politicians, and the general public.
Undergraduate students will apply to the program during their junior year and will take the following three graduate level courses during their senior year.
These three courses will count towards completion of the BSB with a major in Economics and will also count towards completion of the MS-BEPA. For an Honors Track student, ECO 505 may be used for the Advanced Elective requirement. The undergraduate degree will be awarded at the completion of all undergraduate work while the MS-BEPA will be awarded upon completion of the remaining graduate level work.
An advanced course in microeconomic theory. This course will present a systematic and rigorous analysis of price determination and the allocation of specific resources to particular uses.
ECO 555 or admission to the MS-EPA program is a prerequisite for this class.
MICROECONOMICS OF MARKET ORGANIZATION
Imperfectly competitive markets are more common than perfectly competitive markets. This course is about the effects of imperfectly competitive market structure on the organization, pricing, product choice, and entry of firms. We will study the acquisition and use of market power, strategic competition across firms, private sector sources of market failure, and the role of governent competition policy. Factor markets will also be discussed.
ECO 505 or ECO 555 is a prerequisite for this class.
RESEARCH METHODS FOR POLICY ANALYSIS I
This course focuses on the tools and techniques used to statistically analyze economic data. We will focus on both theoretical understanding (why do we use such tools and how do they work) and applied understanding (the ability to carry on a research project using these tools). Students will learn Stata, which is the most widely used statistical analysis programming language in Economics. Students will learn the practical skills of how to choose the right tools for the analysis, how to prepare and inspect the data, and how to run an analysis that is robust, can be replicated, and can be understood and used by others - all extremely valuable qualities in real life work.
ECO 555 or 505
Analyzes traditional macroeconomic issues in a framework that allows for international trade and capital flows. Cross-listed as IB 521.
ECO 506 or ECO 509 is a prerequisite for this class.