2018-2019 Graduate Catalog [ARCHIVED CATALOG]
Economics
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327 Waters Hall
785-532-7357
Fax: 785-532-6919
econ@ksu.edu
http://www.ksu.edu/economics/
Department Head:
Philip Gayle
Director of Graduate Studies:
Lance Bachmeier
Graduate Faculty:
*Michael W. Babcock, Ph.D., University of Illinois-Urbana
*Lance Bachmeier, Ph.D., Texas A&M University
Philippe Belley, Ph.D., University of Western Ontario
*William F. Blankenau, Ph.D., University of Iowa
Hugh Cassidy, Ph.D., University of Western Ontario
*Steven P. Cassou, Ph.D., University of Minnesota
*Yang-Ming Chang, Ph.D., State University of New York at Buffalo
*Peri da Silva, Ph.D., University of Illinois at Urbana-Champaign
Hamilton Fout, Ph.D., University of North Carolina, Chapel Hill
Amanda Gaulke, Ph.D., University of Wisconsin
*Philip Gayle, Ph.D., University of Colorado
*Yoon-Jin Lee, Ph.D., Cornell University
Ross Milton, Ph.D., Cornell University
Leilei Shen, Ph.D., University of Toronto
Jin Wang, Ph.D., University of Southern California
*Denotes graduate faculty that are certified to serve as the major professor for doctoral students.
Program description
The Department of Economics offers graduate programs leading to the M.A. and Ph.D. degrees. The M. A. degree can be completed in one to two years, and course work for the Ph.D. degree can be completed in three years. The Ph.D. degree also requires passage of preliminary examinations and the completion of a doctoral dissertation.
The graduate program in economics provides a strong foundation in macroeconomic theory, microeconomic theory, and quantitative analysis. In addition, it offers course work by nationally recognized scholars in such fields as development economics, econometrics, urban and regional economics, international economics, industrial organization, labor economics, and monetary theory and policy. Advanced course work and secondary fields are also available in agricultural economics, computer science, finance, mathematics, political science, statistics, regional planning, and other disciplines.
Financial assistance
Graduate research and teaching assistantships provide apprenticeship experiences for future teachers and researchers. Graduate research assistants work with faculty researchers on grant projects. There are two types of graduate teaching assistants: those who teach their own course and those who assist others by grading exams, proctoring, and carrying out other assignments. Teaching assistants may receive full waiver of tuition. In addition, the department offers supplemental awards: the Carroll B. Greene Fellowship, to the outstanding female graduate student, the M. Jarvin Emerson Memorial Scholarship to a top doctoral student, the John Nordin Award for outstanding performance in economic theory, the Ed Bagley Fellowship to an outstanding graduate student, and annual departmental awards for teaching and the best research paper.
Doctor of Philosophy
Master of Arts
Economics
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ECON 505 - South Asian Civilizations Credits: 3
Interdisciplinary survey of the development of civilization in India, Pakistan, Sri Lanka, Bangladesh, and Afghanistan, including geography, history, religion, culture, language, literature, current economy, and significant social movements.
Note:
May not be counted toward economics major or minor.
Requisites:
Prerequisite: 3 hours of Social Science or junior standing.
Typically Offered
Fall, even years
Crosslisted:
ANTH 505, GEOG 505, HIST 505, POLSC 505, SOCIO 505
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ECON 507 - The Japanese Economy Credits: 3
Analyzes Japan’s growth, productivity change, income distribution, government policies, agriculture, industrial structure, labor relations education and technology, and international trade and finance. Emphases will be on U.S.-Japanese competition and comparisons.
Requisites:
Prerequisite: ECON 110.
Typically Offered
Spring
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ECON 510 - Intermediate Macroeconomics Credits: 3
An examination of the behavior of the economy as a whole, including an analysis of the national income account, consumption, investment, money, interest, the price, level, the level of employment, monetary and fiscal policy, and economic growth.
Requisites:
Prerequisite: ECON 110, and one of the following, ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Fall, Spring, Summer
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ECON 520 - Intermediate Microeconomics Credits: 3
An examination of the theories of consumer behavior and demand, and the theories of production, cost, and supply. The determination of product prices and output in various market structures, and an analysis of factor pricing. Introduction to welfare economics.
Note:
Students cannot receive credit for both ECON 520 and ECON 521.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Fall, Spring, Summer
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ECON 521 - Intermediate Microeconomics Theory Credits: 3
A mathematical approach to intermediate microeconomics. Emphasis is placed on the use of optimization techniques to examine consumer demand, production and cost, behavior of the firm, market structure and welfare.
Note:
Students cannot receive credit for both ECON 520 and ECON 521.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121; and MATH 205 or 220.
Typically Offered
Fall
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ECON 523 - Human Resource Economics Credits: 3
An introduction to the economic forces influencing wage and employment determination, income differentials, unemployment, and the production and acquisition of human capital. Emphasis on public policy, labor unions, and other relevant institutions.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Spring
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ECON 524 - Sports Economics Credits: 3
An economic analysis of professional and amateur sports. Pay determination of professional athletes, monopsony power of owners, discrimination, the importance of leagues, competitive balance, antitrust issues, collective bargaining, the financing of sports stadiums, and current economic issues in sports.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Fall
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ECON 527 - Environmental Economics Credits: 3
Economics of environmental market failure and the efficient use of exhaustible and renewable resources. Topics include the application of markets and government policies to greenhouse warming, air and water pollution, and recycling.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Spring
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ECON 530 - Money and Banking Credits: 3
Nature, principles, and functions of money; development and operation of financial institutions in the American monetary system, with emphasis on processes, problems, and policies of commercial banks in the United States.
Requisites:
Prerequisite: ECON 110.
Typically Offered
Fall, Spring, Summer
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ECON 532 - Fiscal Operation of State and Local Government Credits: 3
Designed for students who plan careers related to state or local government. Selected topics in state and local taxation and expenditure.
Requisites:
Prerequisite: ECON 110 and permission of instructor.
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ECON 536 - Comparative Economics Credits: 3
The transition by Russia, Ukraine, Eastern and Central Europe, and Central Asia to market economics; economic reform in China, India, and other countries; and Marxian critiques of capitalism.
Requisites:
Prerequisite: ECON 110 or ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Spring
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ECON 540 - Managerial Economics Credits: 3
Microeconomic topics applicable to understanding and analyzing firm behavior: optimization, demand, estimation, production, and cost theory. Applications to business problems.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121; an introductory-level statistics course (STAT 325, STAT 340 or STAT 350); and MATH 205 or MATH 220.
Typically Offered
Fall, Spring, Summer
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ECON 555 - Urban and Regional Economics Credits: 3
An examination of the determinants of the economic performance of urban and regional economies, including theory, problems, and policy.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Fall
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ECON 580 - Senior Seminar in Economics Credits: 3
Topics for class discussion include history of economic thought, research methods in economics, and current economic issues. Students will prepare and present papers written with faculty guidance. Required of all economics majors.
Requisites:
Prerequisite: ECON 510; and ECON 520 or ECON 521; and STAT 351, or STAT 511 or STAT 705 or concurrent enrollment in one of the three. ECON majors only.
Typically Offered
Fall, Spring
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ECON 595 - Problems in Economics Credits: 1-18
Individual study is offered in international trade, labor relations, money and banking, public finance, transportation, general economics.
Typically Offered
Fall, Spring, Summer
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ECON 599 - Topics in Economics Credits: 1-3
Courses on special topics to be taught on demand.
Requisites:
Prerequisite: To be set for each topics course.
Typically Offered
On sufficient demand
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ECON 605 - Economic Applications of Game Theory and Strategic Behavior Credits: 3
Basic principles of game theory including Nash equilibria, repeated games, and strategy with incomplete information. Lecture course.
Requisites:
Prerequisite: ECON 520 or ECON 521; and MATH 205 or MATH 220.
Typically Offered
Fall, Spring
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ECON 620 - Labor Economics Credits: 3
Economics of the labor market – theory and empirical evidence. Labor force composition and trends, labor supply, labor demand, human capital, wage differentials, migration, trade unions, and current issues.
Requisites:
Prerequisite: ECON 520 or ECON 521.
Typically Offered
Fall
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ECON 627 - Contemporary Labor Problems Credits: 3
Emphasis on current research and public policies dealing with such matters as full employment, poverty, discrimination, social security, unemployment insurance, health care, minimum wages, training, and education.
Requisites:
Prerequisite: ECON 620 or consent of instructor.
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ECON 630 - Introduction to Econometrics Credits: 3
An introduction to the analytical and quantitative methods used in economics. Applications to specific problems with an emphasis on computer analyses.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121; and MATH 205 or MATH 220; and STAT 351 or AGEC 501 or STAT 511 or STAT 705.
Typically Offered
Spring
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ECON 631 - Principles of Transportation Credits: 3
Examines the transportation market from the shippers’ point of view by examining the impact of transportation on business firm decisions such as location, markets, and prices. Also covers the costs, prices, and service characteristics of railroads, motor carriers, water carriers, oil pipelines and airlines. The role and impact of government in the transportation market is examined from both a promotion and regulation perspective.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Fall, Spring
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ECON 633 - Public Finance Credits: 3
Course seeks answers to questions such as: Which goods should be provided by the private sector and which by the public sector (government)? With what criteria are public expenditures evaluated? What is an equitable and efficient tax system? Who bears the tax burden? What aspects of existing taxes need reform?
Requisites:
Prerequisite: ECON 110 and ECON 120 or AGEC 120.
Typically Offered
Spring
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ECON 640 - Industrial Organization and Public Policy Credits: 3
An examination of measures and determinants of industrial concentration, and an analysis of market structure, conduct, and performance, and policies related to performance.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Some Spring
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ECON 681 - International Trade Credits: 3
Principles of international trade, determinants of the value of trade between any pair of countries, sources of gains from trade, main factors
determining the pattern of trade, commercial policy, the political economy of trade and strategic 41 trade policy.
Requisites:
Prerequisite: ECON 110 and one of the following: ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Fall, Spring
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ECON 682 - Development Economics Credits: 3
Factors affecting the economic modernization of the less-developed countries. Emphasis on capital formation, human capital, investment allocation, technical progress, income distribution, population growth, and the international economics of development.
Requisites:
Prerequisite: ECON 110.
Typically Offered
Fall
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ECON 684 - International Finance and Open Economy Macroeconomics Credits: 3
Introduction to international finance and open-economy macroeconomics, including the foreign
exchange market, the balance of payments, international financial markets, and recent and ongoing financial crises. Coverers core theoretical material, the course will examine current policy issues.
Requisites:
Prerequisite: ECON 110; and ECON 120 or AGEC 120 or AGEC 121; and ECON 510.
Typically Offered
Spring
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ECON 686 - Economics Forecasting Credits: 3
Focus on forecasting macroeconomic variables such as sales activity, tax revenues and other important variables. Techniques of forecasting using econometrics.
Requisites:
Prerequisite: ECON 110; and ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Spring
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ECON 688 - Health Economics Credits: 3
This course applies the tools of microeconomics to the health-care sector. It analyzes the behavior of consumers and providers of medical care, the functioning of insurance markets, and the roles of government and the private sector. International comparisons are made.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
Fall, odd years
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ECON 690 - Monetary, Credit, and Fiscal Policies Credits: 3
Goals of aggregative economic policy, conflicts among goals, and measures to resolve conflicts; money markets; targets of central bank control; the relative strength of monetary and fiscal policies; rational expectations hypothesis and policy ineffectiveness debate; terms structure of interest rates.
Requisites:
Prerequisite: ECON 530.
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ECON 695 - Undergraduate Research Methods in Economics Credits: 3
Development of a research proposal and completion of a research project under the guidance of a faculty member. Instruction in research design, methods and data. The independent-work phase of the course will be structured with weekly targets for completing economic theory, data/case study description, methods description and analysis and interpretation.
Requisites:
Prerequisite: ECON 110; and ECON 120 or AGEC 120 or AGEC 121; and AGEC 630. Some prerequisites may be waived with instructor consent.
Typically Offered
Fall
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ECON 699 - Seminar in Economics Credits: 1-3
Seminars of special interest will be offered on demand.
Requisites:
Prerequisite: ECON 120 or AGEC 120 or AGEC 121.
Typically Offered
On sufficient demand
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ECON 710 - History of Economic Thought Credits: 3
Development of economic ideas and doctrines and the relation of these to conditions existing when they were formulated.
Requisites:
Prerequisite: ECON 510.
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ECON 720 - Microeconomic Theory Credits: 3
Demand, cost, and production theories; price and output determination in different market structures; the theory of factor market pricing; an introduction to general equilibrium and welfare analysis.
Requisites:
Prerequisite: ECON 520 or ECON 521; and MATH 205 or MATH 220.
Typically Offered
Fall
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ECON 735 - Mathematical Economics Credits: 3
Application of mathematical tools of concrete problems in micro- and macro-economics; mathematical treatment of models of consumption, production, market equilibrium, and aggregate growth.
Requisites:
Prerequisite: ECON 520; and MATH 205 or MATH 220.
Typically Offered
Fall
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ECON 801 - Topics in Monetary Theory Credits: 3
Emphasis on recent literature of monetary economics; Federal Reserve control of the money stock; the demand for money; money and economic activity; monetary targets and indicators.
Requisites:
Prerequisite: ECON 510 and ECON 530.
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ECON 805 - Macroeconomic Theory I Credits: 3
An overview of macroeconomic theory including Classical, Keynesian, and Monetarist theory. An Introduction to modern analysis in macroeconomics with an emphasis on dynamic methods and general equilibrium analysis.
Requisites:
Prerequisite: ECON 120 and ECON 510.
Typically Offered
Spring
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ECON 815 - Economic Analysis for Business Credits: 3
Microeconomic and macroeconomic theory with selected business applications. Theory of consumer and producer behavior and price determination in individual markets. Theory of aggregate economic behavior and the effects of fiscal and monetary policies.
Requisites:
Prerequisite: ECON 110, ECON 120, and one semester of calculus (MATH 205 or MATH 220). Not available for graduate credit in economics.
Typically Offered
Spring
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ECON 823 - Advanced International Economics Credits: 3
Theoretical and policy issues related to the international monetary system, capital movements, exchange rate systems, the U.S. balance of payments, and trade of underdeveloped countries.
Requisites:
Prerequisite: ECON 681 or consent of instructor.
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ECON 830 - Econometrics I Credits: 3
Fundamentals of econometric analysis. The classical linear model, multi-collinearity, specification error, distributed lags, non-normal disturbances, dummy variables, generalized least squares, autocorrelation, heteroscedasticity. Applications to specific problems.
Requisites:
Prerequisite: ECON 520; and MATH 205 or MATH 220; and STAT 706.
Typically Offered
Spring
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ECON 832 - Public Sector Analysis Credits: 3
Conditions for economic efficiency in the public sector; public good production functions; nonmarket decision making; rationale for public sector growth; systems analysis, cost-benefit and related techniques of allocating public goods.
Requisites:
Prerequisite: ECON 633.
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ECON 840 - Managerial Economics Credits: 3
Economic analysis of production, cost, and demand functions. Application of economic models to managerial decision making.
Requisites:
Prerequisite: ECON 520; and MATH 205; and one course in statistics with a prerequisite in the same department.
Typically Offered
Fall
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ECON 890 - Seminar in Economics Credits: 1-3
Course will provide seminars on specific topics in economics.
Note:
May be repeated for no more than six credit hours total.
Requisites:
Prerequisites vary with announced subject matter.
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ECON 895 - Problems in Economics Credits: 1-18
Advanced individual study is offered in selected subject matter.
Requisites:
Prerequisite: Background of courses needed for problems being studied. ECON 898. Master’s Report in Economics. ECON 899. Master’s Research in Economics.
Typically Offered
Fall, Spring, Summer
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ECON 898 - Master’s Report in Economics Credits: 1-18
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ECON 899 - Master’s Research in Economics Credits: 1-18
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ECON 905 - Macroeconomic Theory II Credits: 3
A study of advanced topics in macroeconomic theory including general equilibrium analysis, economic growth, business cycle theory, and other developments in macroeconomic theory.
Requisites:
Prerequisite: ECON 805 and ECON 735.
Typically Offered
Fall
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ECON 910 - Topics in Macroeconomics Credits: 3
Exploration of seminal and current research in macroeconomic topics such as growth, business cycles, or public policy. Topics will be related to the research interests of the professor and students.
Requisites:
Prerequisite: ECON 805 and ECON 905.
Typically Offered
Fall, Spring
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ECON 915 - Macroeconomic Modelling Credits: 1-3
Examines current topics in macroeconomics with an emphasis on empirical modelling. The course will be structured to allow the student an in-depth look at influential articles in the literature through presentations and required summary papers, and apply similar skills in an assigned original research paper.
Requisites:
Prerequisite: ECON 735 and ECON 805.
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ECON 920 - Labor Economics Seminar Credits: 3
A critical analysis of wage theories, collective bargaining, and unemployment problems.
Requisites:
Prerequisite: ECON 620 or consent or instructor.
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ECON 925 - Location of Economic Activities Credits: 3
An examination of the theory of location including central place theory, location of the individual producer, industrial location patterns, and urban land-use models. Also includes application of theoretical models to current urban problems.
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ECON 927 - Advanced Labor Economics Credits: 3
An examination of studies in labor supply, labor demand, immigration, and current topics in labor economics.
Requisites:
Prerequisite: ECON 730 or concurrent enrollment in ECON 720.
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ECON 930 - Econometrics II Credits: 3
Continuation of Econometrics I. Stochastic regressors, asymptotic results, instrumental variable estimation, systems of equations, maximum likelihood estimation, nonlinear least squares, and other miscellaneous topics in econometrics.
Requisites:
Prerequisite: ECON 830.
Typically Offered
Fall
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ECON 935 - Time Series Econometrics Credits: 3
Discussion of recent advances in tome series econometrics. Economic forecasting, vector autoregressive modeling, unit root testing, cointegration, and other topics.
Requisites:
Prerequisite: ECON 930 or consent of instructor.
Typically Offered
Fall
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ECON 938 - Microeconometrics Credits: 3
A survey of recent advances in microeconometrics, including panel data, treatment effects, and other topics, to provide students with the analytical tools used in economic research.
Requisites:
Prerequisite: ECON 830.
Typically Offered
Fall
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ECON 940 - Advanced Microeconomic Theory I Credits: 3
An examination of demand, production, and cost theories; a discussion of duality theory and the application of the Le Chatelier principle; an analysis of price and output determination in different market structures.
Requisites:
Prerequisite: ECON 520 and ECON 735.
Typically Offered
Spring
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ECON 945 - Advanced Microeconomic Theory II Credits: 3
A study of advanced topics in economic theory, including general equilibrium theory, welfare economics, and risk and uncertainty.
Requisites:
Prerequisite: ECON 940.
Typically Offered
Fall
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ECON 947 - Industrial Organization Credits: 3
Theory of industrial organization and its analytical techniques. Game theory; monopoly pricing; product and quality selection; vertical control; static and dynamic theories of oligopoly; product differentiation, price dispersion, and advertising; asymmetric information and strategic behavior.
Requisites:
Prerequisite: ECON 735.
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ECON 948 - Empirical Industrial Organization Credits: 3
Analysis of market outcomes resulting from behavior and strategy of economic agents in imperfectly competitive markets, using econometric methods. Topics may include: models of consumer demand and methods of estimation; identifying and measuring market power and market effects of mergers; static models of entry and industry structure; single-agent dynamic structural models; dynamic oligopoly games; production, technology and industry structure; and other recent advances in empirical industrial organization.
Requisites:
Prerequisite: ECON 940 and ECON 830, or consent of instructor.
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ECON 955 - Theory and Methods of Regional Economic Analysis Credits: 3
A consideration of differences in regional and urban growth; comparison of alternative growth theories; methods of analyzing regional economics such as input-output analysis, linear programming, industrial complex, and spatial interaction models.
Requisites:
Prerequisite: ECON 925 or consent of instructor.
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ECON 981 - International Trade Theory and Policy Credits: 3
Discussion of recent literature in trade theory and policy under imperfect competition. International trade in imperfectly competitive international markets, strategic trade policies, political economy of trade protectionism, welfare effects of trade liberalization and economic integration, and other issues.
Requisites:
Prerequisite: ECON 735.
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ECON 999 - PhD Research in Economics Credits: 1-18
Typically Offered
Fall, Spring, Summer
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