UW-Milwaukee Economics Graduate Course Listing

Below is a complete listing of graduate Economics courses. Please follow the link to the UWM Schedule of Classes below to find out which classes are currently being offered. For further information, check the UWM Graduate School Bulletin, Department of Economics for a complete listing of courses offered by the department, course prerequisites and credits, and other pertinent information.

UWM Schedule of Classes

Click here for the current schedule of classes.

A tentative two-year schedule of classes is available to assist you with long-term planning. Please note that this schedule is subject to change and represents our best projection as of the date on the document. Please refer to the UWM Schedule of Classes for each term before registering to confirm which classes are offered.

Graduate Course Listing

(Please note: Courses numbered 300 to 699 are Undergraduate/Graduate. Courses numbered 700 and above are Graduate only.)

Graduate/Undergraduate Courses

  • 310 Research Methods for Economics. 3 cr. U/G. Statistical research methods, especially cross-section and time-series regression, applied to evaluation of empirical literature and a directed research project. Not open for cr to students who have cr in Econ 513(531). Prereq: jr st; Econ 210(P) or cons instr.
  • 403 Business Cycles. 3 cr. U/G. Explanation of fluctuations in economic activity; their origin and amplification; the forecasting of fluctuations; fiscal and monetary stabilization policies. Prereq: jr st; Econ 210(P) & 302(P).
  • 405 Breakthroughs and Debates in Economic Thought. 3 cr. U/G. Evolution of economic ideas and contributions from such thinkers as Smith, Ricardo, Marx, Marshall, Keynes, Veblen, etc. Prereq: jr st; Econ 301(P) & 302(P).
  • 411 Economic Forecasting Methods. 3 cr. U/G. Economic time series, analysis, forecasts. Trends, seasonality, cycles, smoothing procedures. Simulation models; sample survey methods. Extensive applications using macro and financial data. Forecasting software use. Prereq: jr st; Econ 210(P).
  • 413 (431) Statistics for Economists. 3 cr. U/G. Elements of probability; joint marginal and conditional distributions; measures of central tendency and dispersion, calculus of expectations; central limit theorem. Estimation and testing of economic relations. Prereq: jr st; Econ 210(P); Math 211(P) or 231(P); cons instr. Math 232(R) & 233(R) recom..
  • 415 Economics of Employment & Labor Relations. 3 cr. U/G. Analysis of wage setting, labor markets, human capital and collective bargaining. Study of labor standards, regulation and the role of unions and government. Prereq: jr st; Econ 103(P).
  • 422 Regional Economics. 3 cr. U/G. The growth and decline of economic regions, the location of decisions of firms, infrastructure issues, intergovernmental relations and influences on regional economic performance. Prereq: jr st; Econ 301(P).
  • 426 (360) Government Tax and Expenditure Policy. 3 cr. U/G. Government expenditures, sources of revenue, distribution of government financial burdens, budgets, deficits, power to tax, and provision of public goods. Prereq: jr st; Econ 104(P) & 301(P).
  • 432 (452) Industrial Organization. 3 cr. U/G. Economic analysis of asymmetric information, barriers to competitive entry, licensing, pricing practices/transactions costs; application to markets for insurance, computers, health care, used cars, food. Prereq: jr st; Econ 301(P).
  • 437 (410) Public Utilities and Transportation Economics. 3 cr. U/G. Performance and regulation of public utilities (electricity, gas, cable television, internet) and transportation facilities (interstate highways, passenger and freight service by air and rail). Prereq: jr st; Econ 301(P).
  • 447 (451) Labor Economics. 3 cr. U/G. The economics of unions, minimum wage, poverty and welfare programs; influence of international trade on domestic labor markets. Study of labor supply and labor demand. Prereq: jr st; Econ 301(P).
  • 448 (478) Economics of Human Resources. 3 cr. U/G. The economics of education, training, discrimination, and workplace incentives. Study of hiring, promotion, and job search. Prereq: jr st; Econ 103(P) or cons instr.
  • 454 (464) International Trade. 3 cr. U/G. Why countries trade; who wins, who loses; facts about world trade; political economy of trade. Balance of payments, Asian crisis, European Union, American wage dispersion. Satisfies L&S International req. Prereq: jr st; Econ 301(P).
  • 455 International Finance. 3 cr. U/G. International monetary system; spot and foreign exchange markets; balance of payments; international adjustment mechanisms; international finance policy; history and institution. Satisfies L&S International req. Prereq: jr st; Econ 302(P).
  • 458 Selected Topics in Economics: (Subtitled). 3 cr. U/G. Variable content course designed to focus on special topics not normally discussed in detail in other existing courses. Retakable w/chg in topic. Prereq: jr st & cons instr.
  • 506 Mathematical Economics I. 3 cr. U/G. Mathematical techniques used in economic analysis, including calculus and matrix algebra. Applications include optimizing behavior of firms and consumers. Prereq: jr st; Econ 301(P); Math 211(P).
  • 529 (509) Applied Microeconomics in the Public Sector. 3 cr. U/G. Economic applications to public sector decision-making; analysis of problems, e.g. public services, pricing, efficiency of intergovernmental grants, whether to invest in large-scale public projects. Prereq: jr st; Econ 301(P); Math 211(P) or 231(P); cons instr. Math 232(R) & 233(R) recom.
  • 606 Mathematical Economics II. 3 cr. U/G. Difference and differential equations applied to economic variables such as human capital, consumption, learning, energy use, and pollution. Essential preparation for graduate work. Prereq: jr st; Econ 506(P).
Graduate Courses
  • 701 Economic Theory: Microeconomics. 3 cr. G. Conventional theory of the behavior of firms, consumers, and markets; partial and general equilibria. Prereq: grad st; Econ 301(P). Econ 506(R).
  • 702 Economic Theory: Macroeconomics. 3 cr. G. Aggregative economic analysis, problems of aggregation and significant aggregates; national income, flow-of-funds, and input-output. Prereq: grad st; Econ 302(P). Econ 506(R).
  • 703 Econometrics. 3 cr. G. Regression theory, generalized least squares, heteroscedasticity, autocorrelation, multi-colinearity, distributed lags, and discrete variable models, system of equations. No cr for students who have grad cr in Econ 513. Prereq: grad st.
  • 705 History of Economic Thought. 3 cr. G. Review of major developments in economic thought and analysis that have contributed to modern economics in its major forms, schools, and applications. Prereq: grad st; Econ 405(P).
  • 706 Mathematical Economics. 3 cr. G. Mathematical analysis of modern economic problems; dynamic input-output system, stability analysis, general equillibrium analysis, optimizing theory including linear and non-linear programming, activity analysis and turnpike theory, and mathematical growth models. Prereq: grad st; Econ 506(P) & 606(P).
  • 708 Industrial Organization I. 3 cr. G. Exploration of the relationship between industrial structure and market performance. Topics covered include r&d, advertising and government regulations. Prereq: grad st; Econ 301(P), 302(P) & 506(P), or cons instr.
  • 709 Industrial Organization II. 3 cr. G. Evaluation of the economic impact of the anti-trust laws. Topics covered include horizontal restraint, vertical restraint, patent, and mergers. Prereq: grad st; Econ 301(P), 302(P), & 431(P).
  • 710 Applied Econometrics. 3 cr. G. Specification, estimation and testing of economic theory. Application of distributed lags, autoregressive models, system of equations, discrete choice models and cointegration principles. Prereq: grad st & Econ 531(P).
  • 712 Urban Economic Theory. 3 cr. G. Trends in u.s. urbanization and suburbanization. Studies of urban household and firm behavior. General equilibrium analytical and simulation models of urban structure. Prereq: grad st; Econ 301(P).
  • 713 Regional Economic Theory. 3 cr. G. Location theory and land-use patterns, regional social accounts and input-output models, shift-share analysis, regional econometric model, and growth policies. Prereq: grad st; Econ 301(P); Econ 431(R).
  • 731 Money, Income, and Prices. 3 cr. G. Analysis of the demand for money by monetary theorists. Integration of theories into general equilibrium macro-models. Prereq: grad st; Econ 302(P). Econ 702(R).
  • 734 (635) Foundation of Econometric Methods. 3 cr. G. Statistical and econometric methods for econometrics research. Asymptotic theory; maximum likelihood, generalized method of moments estimation; classical linear regression model; non-linear and multivariate regression models. Prereq: grad st; Econ 431(P) & 506(P).
  • 735 Econometric Methods I. 3 cr. G. Review of statistical inference, asymptotic distribution theory, multivariate regression model and its extension, and use of prior information; estimation and testing of econometric models. Prereq: grad st; Econ 734(635)(P) or cons instr.
  • 747 Public Finance I. 3 cr. G. Topics in efficiency and allocation; theory of public expenditure and taxation, tax incidence analysis, public choice theory, fiscal federalism. Prereq: grad st; Econ 701(C).
  • 748 Public Finance II. 3 cr. G. Topics in redistribution and stabilization: public expenditure analysis, fiscal theory and stabilization policy, distribution of income and wealth, cost benefit analysis. Prereq: grad st; Econ 701(C).
  • 749 Urban Public Finance. 3 cr. G. Analysis of state and local government expenditures and revenues; demand for urban services and costs of supplying them, and methods of financing them. Prereq: grad st; Econ 301(P).
  • 751 Labor Economics I. 3 cr. G. Human capital investments: determinants of earnings (education, experience, incentives, discrimination, unions, compensating differentials); public sector labor markets; issues of retirement and aging. Prereq: grad st; Econ 701(C).
  • 752 Labor Economics II. 3 cr. G. Income distribution and inequality; migration and immigration; fertility, family structure, human capital and labor supply; unemployment and job search; selection bias; specialization and work organization. Prereq: grad st; Econ 701(C).
  • 753 Collective Bargaining. 3 cr. G. Economic and behavioral theories of collective bargaining, bargaining structure, impasses and truces, union effects, management goals, terms of the agreement and national policy. May not be substituted for Econ 751 or 752 in meeting the concentration req of the Econ MA Non-thesis option or in preparing for Ph D prelims. Prereq: grad st; Ind Rel 701(R).
  • 754 Worker Participation. 3 cr. G. Analyzes worker participation programs using history, economic and industrial relations theories, and empirical research and case studies. Jointly offered w/& counts as repeat of Ind Rel 754. Prereq: grad st; Econ 451(P) or cons instr.
  • 755 Comparative Labor Markets and Employment Relations. 3 cr. G. Labor market institutions, practices and performance. The U.S. is compared with western europe, japan and elsewhere. May not substitute for Econ 751 or 752. Prereq: grad st; Econ 210(P) & 415(451)(P) or cons instr.
  • 774 Economic Development - Theory. 3 cr. G. Theories relating to production, distribution, and capital formation in less-developed nations. Prereq: grad st; Econ 301(P) & 302(P).
  • 775 Economic Development - Policy. 3 cr. G. Planning, case studies, and empirical analysis of less-developed nations. Prereq: grad st; Econ 301(P) & 302(P).
  • 801 Advanced Microeconomic Theory I. 3 cr. G. Decision-making under risk and over time, general equilibrium and welfare, market failure, and applications, including demand systems, household production, interpersonal economics, and hedonic pricing. Prereq: grad st; Econ 701(P) & 506(P). Econ 606(R).
  • 802 Advanced Macroeconomic Theory I. 3 cr. G. Money, credit, and governmental operations in aggregative analysis; critical study of some aggregative and analytical systems. Prereq: grad st; Econ 702(P).
  • 803 Advanced Microeconomic Theory II. 3 cr. G. Theory of the firm, imperfect competition, game theory, asymmetric information, transaction costs and applications including matching/search, factor markets, contract theory, mechanism design and specialization. Prereq: grad st; Econ 506 (P) & 701(P); Econ 606 (R).
  • 804 Advanced Macroeconomic Theory II. 3 cr. G. New growth theories, new Keynesian theories, role of information in macro models, and financial markets and macro economy. Prereq: grad st; Econ 802(P).
  • 806 Mathematical Economics. 3 cr. G. Applications of dynamic optimization technique to modern economic problems; optimal economic growth, optimal pricing, optimal stabilization policies, etc. Prereq: Econ 706(P).
  • 831 Monetary Theory and Policy. 3 cr. G. Study of money, credit, and liquidity as related to income, employment, and prices. Study of goals and effectiveness of monetary and banking policy. Prereq: grad st; Econ 701(P). Econ 702(C) or cons instr.
  • 835 Econometric Methods II. 3 cr. G. Identification problem, econometric model building, and simultaneous equation techniques such as two- and three-stage least squares and full- and limited-information maximum likelihood methods. Prereq: grad st; Econ 735(P).
  • 871 The Pure Theory of International Trade. 3 cr. G. Examines for both static and growing economies the impact of trade upon relative prices of goods and factors of production. Prereq: grad st; Econ 701(P).
  • 872 Money in the International Economy. 3 cr. G. Examines the theory and measurement of the balance of payments, appropriate policies for internal and external balance, the problems of making international payments and the issue of exchange rate flexibility. Prereq: Econ 702(P) & 576(P).
  • 888 Candidate for Degree. 1 cr. G. Available for graduate students who must meet minimum credit load requirement. Fee for 1 cr assessed. Prereq: grad st.
  • 905 Seminar: Banking and Monetary Theory. (Subtitled). 3 cr. G. Consideration of the relationship between monetary policy and short-run fluctuations and long-run economic trends. May be retaken with change in topic to 6 cr max. Prereq: grad st; Econ 831(P) or cons instr.
  • 915 Seminar: Econometric Methods. (Subtitled). 3 cr. G. Selected advanced topics in econometric methods and their application to current economic problems. Retakable w/chg in topic to 6 cr max. Prereq: grad st; Econ 835(P).
  • 931 Seminar: Regulated Industries. (Subtitled). 3 cr. G. Research in the field of public utilities and other regulated industries, with emphasis on changing the emerging transportation problems. Retakable w/chg in topic to 6 cr max. Prereq: grad st; Econ 701(P).
  • 939 Seminar: Urban and Regional Economics. (Subtitled). 3 cr. G. Analysis of advanced topics in urban economics. Retakable w/chg in topic to 6 cr max. Prereq: grad st; Econ 712(P) & 713(P).
  • 947 Seminar: Public Finance. (Subtitled). 3 cr. G. Advanced study of public finance problems and literature. Research. Retakable w/chg in topic to 6 cr max. Prereq: grad st; Econ 701(P) & 702(P).
  • 955 Seminar: Labor Economics. (Subtitled). 3 cr. G. Analysis of recent research in labor economics, with emphasis on student preparation of a research paper in this area. Retakable w/chg in topic to 6 cr max. Prereq: grad st; Econ 855(P).
  • 974 Seminar: Economic Development and Growth. (Subtitled). 3 cr. G. Analysis of advanced topics relating to the process of economic development and theory of growth. Retakable w/chg in topic to 6 cr max. Prereq: grad st; Econ 774(P) & 775(P).
  • 977 Seminar: International Economics. (Subtitled). 3 cr. G. Independent study in international trade and international finance. Retakable w/chg in topic to 6 cr max. Prereq: grad st; Econ 871(P) or cons instr.
  • 990 Graduate Thesis. 1-3 cr. G. Reserved for research in connection with doctoral thesis. Retakable as necessary to fulfill thesis requirements. Prereq: grad st; cons major prof.
  • 991 Workshop in Economic Research. (Subtitled). 2-3 cr. G. Individual research and group discussion of selected problems in economic theory and its applications. Retakable with change in topic to 9 cr max. Prereq: grad st & cons instr.
  • 999 Independent Work. 1-3 cr. G. - Retakable w/chg in topic to 9 cr max. Prereq: grad st; cons instr.