University of Minnesota
School of Mathematics
School of Mathematics          
    math.umn.edu / finmath / courses / mfm_emphasis_in_economics

Courses

 


Master of Financial Mathematics with Emphasis in Economics

For an Emphasis in Economics,

These courses are offered by the Economics Department, and are recommended to those students in our program who wish to enhance their knowledge of economics. All these courses are aimed at the PhD level. The courses ECON 8101, 8102 are designed for Economics PhD students, and are typically more challenging than ECON 8001, 8002, which were developed for PhD students from other departments.

These courses may be taken at any time.

WARNING: This is our most difficult "with emphasis" option. To follow this option, you need to get permission in advance, both from the MFM Program Director and from the Economics DGS.

NOTE: Completion of these "with Emphasis in Economics" requirements also also fulfills the requirements for a Master's level minor in Economics. If you wish to obtain that minor, you'll need to get the signature of the Economics DGS on your degree program form.

ECON 8001 Microeconomic Analysis 2 credits
Syllabus
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 4161.
ECON 8002 Microeconomic Analysis 2 credits
Syllabus
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 4162.
ECON 8101 Microeconomic Theory 2 credits
Syllabus
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.
ECON 8102 Microeconomic Theory 2 credits
Syllabus
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.
ECON 8105 Macroeconomic Theory 2 credits
Syllabus
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.
ECON 8106 Macroeconomic Theory 2 credits
Syllabus
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.
ECON 8107 Macroeconomic Theory 2 credits
Syllabus
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.
ECON 8108 Macroeconomic Theory 2 credits
Syllabus
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.

 

Address: 127 Vincent Hall, 206 Church St. SE, Minneapolis, MN 55455     Phone: 612-625-2004     Contact the School of Math