Develops and tests models of asset pricing and allocation in finance, to determine both the validity of the theories and the extent to which they should guide us in financial decision-making. Prerequisite: Must have met the Financial Economics concentration declaration prerequisites.

Studies general equilibrium analysis, welfare economics, externalities, and public goods. Prerequisite: ECON 7010 or instructor permission.

Examine the economic problems confronting sub-Saharan Africa countries, focusing on what is needed to accelerate sustainable growth and reduce poverty. Use standard economic tools to gain an understanding of the economic management challenges faced by African policy makers and the similarities and differences between African countries. Explore Africa's relationship with the rest of the world, focusing on trade, aid and economic cooperation.

Studies fixed and floating exchange rate systems. Topics include determinants of a nation's balance of international payments; macroeconomic interdependence of nations under various exchange-rate regimes and its implications for domestic stabilization policies; and the international coordination of monetary and stabilization policies. Prerequisite: ECON 3020.

ECON 8010 is an introduction to non-cooperative game theory and the economics of information, emphasizing applications to microeconomics. Applications include topics such as bargaining, cooperation in repeated games, the design of optimal auctions, and signalling models.Prerequisite: ECON 7030 or permission of instructor

Advanced study of selected problems in industrial organization. Prerequisite: ECON 8170 or instructor permission.

Topics include the balance of payments, long-term and short-term capital movements, the international money market, international monetary standards, international equilibrium and the mechanism of adjustment, exchange variations, and the objectives of international monetary policies. Prerequisite: ECON 7020 or instructor permission.

Analyzes the theory of financing corporate operations and corporate decisions regarding the allocation of capital among alternative projects; includes the nature of financial instruments and the behavior of capital markets. Prerequisite: ECON 3010 or 3110, 3030, and STAT 2120 or equivalent.

Development of the linear and non-linear regression models including hypothesis testing, specification, instrumental variables, generalized least squares, and asymtotic distribution theory. Includes an introduction to identification and estimation of simultaneous equation models. Prerequisite: ECON 7710 or instructor permission.

Studies advanced topics in the theory of money and income. Prerequisite: ECON 7020 or instructor permission.