Twin Cities campus

This is archival data. This system was retired as of August 21, 2023 and the information on this page has not been updated since then. For current information, visit catalogs.umn.edu.

 
Twin Cities Campus

Economics Minor

Economics
College of Liberal Arts
Link to a list of faculty for this program.
Contact Information
Department of Economics, 4-101 Hanson Hall, 1925 4th Street South, Minneapolis MN 55455 (612-625-6833; fax: 612-624-0209)
Email: econdgs@umn.edu
Website: http://www.econ.umn.edu/graduate/index.html
  • Program Type: Graduate minor related to major
  • Requirements for this program are current for Fall 2016
  • Length of program in credits (master's): 6
  • Length of program in credits (doctoral): 15
  • This program does not require summer semesters for timely completion.
The economics graduate program offers degree work in both theoretical and applied fields of economics. It is possible to pursue thesis research in microeconomic or macroeconomic theory. In addition, the following fields of specialization are offered: econometrics, economic growth and development, financial economics, game theory, industrial organization, international economics, labor economics, mathematical economics, monetary economics, and public economics. Students are admitted only for the Ph.D.; the M.A. is an optional part of the Ph.D. program.
Program Delivery
  • via classroom (the majority of instruction is face-to-face)
Prerequisites for Admission
For an online application or for more information about graduate education admissions, see the General Information section of this website.
Program Requirements
Use of 4xxx courses toward program requirements is permitted under certain conditions with adviser approval.
Program Sub-plans
Students are required to complete one of the following sub-plans.
Students may not complete the program with more than one sub-plan.
Masters
All courses must be taken A-F and completed with grades of B or better (one 8xxx-level course may carry a grade of C). Option 2 is for master's-level students whose previous work in economics courses, in the judgement of the Economics director of graduate studies, has included coursework equivalent to the 4xxx-level economic theory courses.
Advanced Economic Theory Requirement
Option 1
Take 4 or more credits from the following (or from the 8-xxx theory sequences in the doctoral minor):
Microeconomic Analysis Sequence
ECON 4161 - Microeconomic Analysis I (2.0 cr)
ECON 4162 - Microeconomic Analysis II (2.0 cr)
ECON 4163 - Microeconomic Analysis III (2.0 cr)
ECON 4164 - Microeconomic Analysis IV (2.0 cr)
Macroeconomic Analysis Sequence
ECON 4165 - Macroeconomic Theory (2.0 cr)
ECON 4166 - Macroeconomic Theory (2.0 cr)
ECON 4167 - Macroeconomic Theory (2.0 cr)
ECON 4168 - Macroeconomic Theory (2.0 cr)
Additional Electives
Take 2 or more credit(s) from the following:
· ECON 4xxx
· ECON 5xxx
· ECON 8xxx
or Option 2
For students whose previous work in economic theory, in the judgement of the Economics director of graduate studies, satisfies the theory sequence requirement. Option 2 students instead take economics electives chosen in consultation with the director of graduate studies.
Take 6 or more credit(s) from the following:
· ECON 4xxx
· ECON 5xxx
· ECON 8xxx
Doctoral
Microeconomic Sequence Requirement
Take 10 credits from the following:
Microeconomic Analysis Sequence
ECON 8001 {Inactive} (2.0 cr)
ECON 8002 {Inactive} (2.0 cr)
ECON 8003 - Microeconomic Analysis (2.0 cr)
ECON 8004 - Microeconomic Analysis (2.0 cr)
or Microeconomic Theory Sequence
ECON 8101 - Microeconomic Theory (2.0 cr)
ECON 8102 - Microeconomic Theory (2.0 cr)
ECON 8103 - Microeconomic Theory (2.0 cr)
ECON 8104 - Microeconomic Theory (2.0 cr)
Macroeconomic Theory Sequence
ECON 8105 - Macroeconomic Theory (2.0 cr)
ECON 8106 - Macroeconomic Theory (2.0 cr)
ECON 8107 - Macroeconomic Theory (2.0 cr)
ECON 8108 - Macroeconomic Theory (2.0 cr)
Electives
Take 5 or more credit(s) from the following:
· ECON 8xxx
 
More program views..
View college catalog(s):
· College of Liberal Arts

View future requirement(s):
· Fall 2022
· Fall 2020
· Fall 2019
· Fall 2018

View PDF Version:
Search.
Search Programs

Search University Catalogs
Related links.

College of Liberal Arts

Graduate Admissions

Graduate School Fellowships

Graduate Assistantships

Colleges and Schools

One Stop
for tuition, course registration, financial aid, academic calendars, and more
 
ECON 4161 - Microeconomic Analysis I
Credits: 2.0 [max 2.0]
Course Equivalencies: Econ 4161/Econ 8001
Grading Basis: A-F only
Typically offered: Every Fall
Theories of consumer demand, producer supply, and market equilibrium. General equilibrium and welfare. May include topics such as externalities, economics of information/uncertainty. Seven-week course. prereq: 3101, 3102, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv]
ECON 4162 - Microeconomic Analysis II
Credits: 2.0 [max 2.0]
Course Equivalencies: Econ 4162/Econ 8002
Grading Basis: A-F or Aud
Typically offered: Every Fall
Theories of consumer, producer, and market equilibrium. Includes general equilibrium, welfare, externalities, topics in information and uncertainty, and game theory. Seven-week course. prereq: 3101, 3102, 4161, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv],
ECON 4163 - Microeconomic Analysis III
Credits: 2.0 [max 2.0]
Course Equivalencies: Econ 4163/Econ 8003
Grading Basis: A-F only
Typically offered: Every Spring
The course is an introduction to basic concepts of stochastic calculus and application in economic analysis and finance. The aim of the course is to provide a treatment of the prerequisites. The requirements are basic probability and real analysis concepts; these will be reviewed in the first lectures. prereq: 3101, 3102, 4162, MATH 2243, MATH 2263, dept consent
ECON 4164 - Microeconomic Analysis IV
Credits: 2.0 [max 2.0]
Course Equivalencies: Econ 4164/Econ 8004
Grading Basis: A-F only
Typically offered: Every Spring
Theory and applications of dynamic optimal control to economic environments. Analysis of barrier problems, where a single decision must be made at some point in time; analysis of optimal control problems where multiple, continuous decisions are made over time. May include investment decisions, regulated decision-making and elements of dynamic contracting. prereq: 3101, 3102, 4163, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4165 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, and prices. Seven-week course. Meets with 8105. prereq: 3101, 3102, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4166 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, and prices. Seven-week course. Meets with 8106. prereq: 3101, 3102, 4165, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4167 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
General equilibrium models with uncertainty, search, matching, indivisibilities, private information. Implications of theory for measurement and data reporting. Overlapping generations, dynasty models with money/government. Variational/recursive methods. Seven-week course. Meets with 8107. prereq: 3101, 3102, 4166, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4168 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
General equilibrium models with uncertainty, search, matching, indivisibilities, private information. Implications of theory for measurement and data reporting. Overlapping generations, dynasty models with money/government. Variational/recursive methods. Seven-week course. Meets with 8108. prereq: 3101, 3102, 4167, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 8003 - Microeconomic Analysis
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Theories of consumer demand, producer supply, and market equilibrium; general equilibrium and welfare. Sample topics: externalities, economics of information and uncertainty, and game theory. This seven-week course meets with 4163. prereq: 8002
ECON 8004 - Microeconomic Analysis
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Theories of consumer demand, producer supply, and market equilibrium; general equilibrium and welfare. Sample topics: externalities, economics of information and uncertainty, and game theory. This seven-week course meets with 4164. prereq: 8003
ECON 8101 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 5151 or equiv, Math 2243 or equiv, concurrent registration is required (or allowed) in Math 5615 or concurrent registration in Math 8601, grad econ major or instr consent
ECON 8102 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 8101, concurrent registration is required (or allowed) in Math 5615 or concurrent registration is required (or allowed) in Math 8601, grad econ major or instr consent
ECON 8103 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 8102, concurrent registration is required (or allowed) in Math 5616 or concurrent registration is required (or allowed) in Math 8602 or comparable abstract math course, grad econ major or instr consent
ECON 8104 - Microeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. Seven-week course. prereq: 8103, concurrent registration is required (or allowed) in Math 5616 or concurrent registration is required (or allowed) in Math 8602 or comparable abstract math course, grad econ major or instr consent
ECON 8105 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4165. prereq: 5152 or equiv, Math 2243, Math 2263 or equiv or instr consent
ECON 8106 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4166. prereq: 8105
ECON 8107 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4167. prereq: 8106
ECON 8108 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4168. prereq: 8107