Economics Master's Program (without Thesis) (M.S., 1 - 1.5 Years)

A first graduate level course in contemporary microeconomic theory. This course rigorously develops the theories of consumer choice and production theory of the firm, and analyzes theories of market behavior and efficiency. The latter portion of the course is devoted to considering certain policy implications of the theory developed earlier. The course assumes thorough knowledge of intermediate microeconomic theory with appropriate mathematical skills, including elementary differential calculus.

A first graduate-level course in modern macroeconomic theory. This course analyzes and develops alternative theories of output and income determination, employment, inflation, interest rates and other pertinent macroeconomic variables. Classical, Keynesian and new classical theories and their policy implications are studied. Students should have good preparation in mathematics, and in intermediate microeconomic as well as macroeconomic theory.

Essentials of mathematical statistics; a survey of important functional forms used in the mathematical formulation of economic theory; classical linear regression model (one explanatory variable case): assumptions, estimation, testing, and prediction; classical linear regression model (two or more explanatory variables case): assumptions, estimation, testing, and prediction; departures from classical linear regression model: multicollinearity, heteroscedasticity, autocorrelation, and specification errors.