A study of the principal mathematical techniques as used in economic theory and modeling. Topics include fundamental concepts underlying marginal analysis, linear programming and comparative statics. Intermediate Econometric Theory. Applies mathematical and statistical techniques to test the reality of economic theory, forecasting and tests of hypotheses. An analysis of selected problems of economics theory.
Topics vary with student interest and with current stress in economics theory.
The study of economic issues involved in development and maintenance of human environment. Major emphasis is directed toward evaluating welfare implications of these environmental issues. A study of the economic issues associated with renewable and nonrenewable resources. Special emphasis is directed toward hard rock minerals, fossil fuels, fisheries and forestry resources. Issues of optimal extraction and depletion, effect of alternative market structures, and role of uncertainty are addressed with regard to efficient management and allocation of these resources.