Application of industrial organization and strategic behavior to industry, consumer and policy issues. Empirical analysis of market power, including market structure and performance, price discrimination, product differentiation, vertical control, cartel formation and sustainability, mergers, strategic behavior and firm organizations. Applied topics include branding, advertising, antitrust policy, consumer behavior and environmental applications.

This is a continuation of Applied Microeconomic Theory I (Res Econ 711). We will cover the following topics: general equilibrium analysis, social choice and welfare economics, introduction to noncooperative game theory and information economics.

Theory and applications of basic econometric methods. The focus is on linear models with multiple independent variables: Least Squares Regressions, including problems caused by violations of model assumptions and possible solutions; hypothesis testing; linear panel data models; treatment effect analysis; introduction to estimating systems of equations. At the end of the class, students will be able to conduct their own empirical research in a wide variety of applications and will be prepared for Res-Econ 703.

Not available at this time

Independent study and research on selected problems in resource economics.

Theoretical foundations and practical procedures of benefit-cost analysis as applied to public natural resources and environmental projects, programs, and regulations. Critical discussion of strengths and weaknesses of this tool. Topics from energy, water resources, land use, outdoor recreation, air quality, and other natural resources and environmental areas. Integrative Experience & Capstone Course.

Rationale and structure of public policies that affect the operation of private markets in the U.S., with special emphasis on consumer goods industries. Focus on antitrust and competition policies (e.g., those covering collusive restraints of trade, monopolization, and mergers) and on policies that affect product quality and information (e.g., product standards, regulation of advertising and labeling). BS-ResEc majors can satisfy their Integrative Experience requirement by taking this course plus Res-Econ 394LI and 452.

Application of economic theory and quantitative analysis to the managerial decision-making process. Topics include: cost and production economics, demand analysis, business forecasting, investment project evaluation, and pricing and promotional strategies.

Theory and application of Entrepreneurial Finance and basic financial management for a small firm. Emphasis will be based on writing and presenting a complete business plan, in addition to examining topics such as financial statements, profitability and break-even analysis, working capital, capital budgeting, and forecasting.

Economic analysis of environmental problems focusing on air, water, and land pollution. Emphasis is on analyzing the individual incentives that lead to pollution, the valuation of environmental quality amenities, and the design and evaluation of regulations that seek to improve environmental quality. Includes the economic analysis of global climate change. (Gen.Ed. SB)