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Woods College of Advancing Studies

Economics

FALL 2017

ADEC 113201  Principles of Economics II / Macroeconomics
Course introduces national income determination and government policy. Topics include national income accounting, national income determination, employment, changes in supply and demand, uncertainties in a digital economy, money, interest rates, and inflation, fiscal and monetary policy, international trade, and business cycle.
ONLINE, Aug 28–Dec 16, 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 221001  Behavioral Economics: Emerging Perspective
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, certainty/uncertainty, career flexibility, investments, emerging technologies, obesity and divorce to explain outcomes and performance.
Mon 6:15–9:15, Aug 28–Dec 11, Robert Anzenberger

ADEC 320101  Microeconomic Theory
Prerequisite: Principles of Economics
Course develops a theoretical framework to analyze two basic units, the consumer and the producer. This analysis is then employed to investigate the determination of price and output in various market situations, the implications for welfare and the construct of general economic equilibrium.
Tues 6:15–9:15, Aug 29–Dec 12, G. M. Rife

ADEC 351001  Mathematics for Economists
Prerequisite: Differential Calculus (Calculus 1).
ADEC351001 Syllabus
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.
Mon 6:15–9:15, Aug 28–Dec 11, Paul Garvey

ADEC 351501  Econometric Methods
Prerequisite: ADEC2500 Elementary Economic Statistics
This course focuses on the application of statistical tools used to estimate economic relationships. The course begins with a discussion of the linear regression model, and examination of common problems encountered when applying this approach, including serial correlation, heteroscedasticity, and multicollinearity. Models with lagged variables are considered, as is estimation with instrumental variables, two-stage least squares, models with limited dependent variables, and basic time-series techniques.
Wed 6:15–9:15, Aug 30–Dec 13, Hieu Luu




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