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Woods College of Advancing Studies



ADEC 113101  Principles of Economics: Micro
This course introduces the market system. Topics include the household and the firm, supply and demand, price and output determination, resource allocation, and income distribution. Examines the role of government and alternative economic systems, the changes brought about as the economy moves from a physical to a digital market.
ONLINE, Jan 17–May 15, Aleksandar Tomic
FULLY ONLINE COURSE - Asynchronous. No days or times are specified; students must participate weekly per all communications and instructions from the professor, must adhere to course schedule, and submit all course work on time.

ADEC 22101  Behavioral Economics
Prerequisite: Principles of Economics.
Why do people often behave in ways that are clearly not in their best interest? Integrating an understanding of human behavior into the more traditional economic models offers a fuller explanation of how behavior influences seemingly rational choices and suggests ways to optimize decision-making. This course explores the impact of the current economic crisis, competition, procrastination, certainty/uncertainty, investments, emerging technologies, career flexibility, obesity and divorce to explain outcomes and performance.
Thurs 6:15–9:15, Jan 19–May 11, Robert Anzenberger

ADEC 250001  Elementary Economic Statistics
This course equips students with the techniques of analysis and interpretation of quantitative data. Topics considered are descriptive statistics, basic probability, discrete and continuous probability distributions, sampling and estimation, testing statistical hypotheses, correlation and regression, and analysis of variance. No calculus background required.
Mon 6:15–9:15, Jan 23–May 15, Marie Clote

ADEC 320201  Macroeconomic Theory
Prerequisite: Principles of Economics.
Course analyzes national income determination and macroeconomic government policies. Emphasis on Keynesian theories of national product and its components, national income and employment, liquidity demand, and the money supply process. Looks at how the “new economy” impacts traditional economic theory.
Wed 6:15–9:15, Jan 18–May 10, The Department

ADEC 339401  Urban and Regional Economics
Course develops theoretical foundations, both classical and modern, for urban and regional analysis. Theories applied to traditional economic problems of spatial allocation and spatial distribution of economic activities (production, consumption, transportation, housing, and labor markets) and of demographic segments (population, income, age, race, and social class). Practical applications include alternative proposals to revive cities and urban areas, transportation and housing subsidies, employment programs and industrial relocation.
Tues 6:15–9:15, Jan 17–May 9,  G. Michael Rife

ADEC 351001  Mathematics for Economists
Prerequisite: Differential Calculus (Calculus 1).
This course introduces students to mathematical methods used in the analysis of economics and business problems. It focuses on multivariable calculus, optimization, and its economic applications. This includes optimization with equality constraints, utility maximization and consumer demand, and Kuhn-Tucker conditions. The course concludes with lectures on economic dynamics and the application of integral calculus to problems in investment and capital formation, present value analyses, and economic growth models.  This course is an upper-level Economics elective, and it also fulfills Calculus II requirement for MS in Applied Economics program.
Wed 6:15–9:15, Jan 18–May 10, The Department

ADEC 531001  Data Analysis
This course is designed to introduce students to the concepts and data-based tools of statistical analysis commonly employed in Applied Economics. In addition to learning the basics of statistical and data analysis, students will learn to use the statistical software package Stata to conduct various empirical analyses. Our focus will be on learning to do statistical analysis, not just on learning statistics. The ultimate goal of this course is to prepare students well for ADEC 7320.01, Econometrics.
Wed 6:30–9:00, Jan 18–May 10, Gustavo Vicentini

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