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Applied Econ Research Institute
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Core Courses
Economic Data Analysis
Business Economics
Urban and Regional Economics
Full-time Curriculum
Part-time Curriculum

Core Courses
All students are required to take the following core courses (21 credits):

Economic Data Analysis I, II, and III
Macroeconomics I
Microeconomics I and II
Applied Economics Practicum


At the end of the core, it is expected that students will have met the following objectives:
• Students will have reached a high level of critical and analytical thinking ability from their work in microeconomic theory and will be able to appreciate real-world phenomena such as demand behavior, inter-firm rivalry, strategic pricing decisions, and environmental issues as essentially problems in microeconomics and approach such problems with a specific microeconomic framework.
• Students will be able to understand relationships between macroeconomic variables (such as the money supply and interest rates); to be able to put them in the context of simple, real-world macroeconomic models—some of which are used for policy analysis; and to find macroeconomic statistics for reports and presentations about the United States economy.
• Students will be able to find, appreciate, and analyze large and small economic data sets using regression techniques; to conduct empirical research on an economic topic that interests them (or their employers); and to be able to use business and statistical software packages.


Core Course Descriptions 
Economics 650—Microeconomic Theory I
Study of the interactions of households and firms in perfectly and imperfectly competitive markets, under certainty and uncertainty, with symmetric and asymmetric information, in a static world and over time as encountered in the real world.
Prerequisites: Intermediate microeconomics

Economics 651—Microeconomic Theory II

Continuation of Economics 650.
Prerequisites: Econ. 650

Economics 655—Macroeconomics I

Aggregate income and employment theory. Classical and Keynesian models; theories of inflation, growth, and problems of external equilibrium.
Prerequisites: Intermediate macroeconomics and money & banking

Economics 671—Economic Data Analysis I

Using a variety of computer programs this course will teach the student (1) how to locate secondary sources of economic data; (2) methods that have been used to compile economic data; (3) how to transform, summarize, and display economic data; and (4) simple statistical techniques to analyze economic data.

Economics 672—Economic Data Analysis II
An introduction to the fundamentals of analyzing economic relationships using regression techniques. The course covers methods of statistical inference, hypothesis testing, forecasting, model selection, and other related topics. Applications from economics.
Prerequisites: Econ. 671 or permission of instructor

Economics 673—Economic Data Analysis III

A continuation of Economics 672. Topics include regression diagnostics, analyzing time-series and cross-sectional data, statistical model selection and assessment. Students will conduct applied economic research projects using statistical and econometric techniques.
Prerequisites: Econ. 672 or permission of instructor

Economics 679—Applied Economics Practicum
Under the guidance of the instructor, students will apply their analytical and quantitative skills toward the analysis of current economic issues, and present reports on their findings.
Prerequisites: Economics 651, 655, and 673 or permission of instructor.

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