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Department of Economics

Examples of Potential Concentrations

The program is designed to give students flexibility in the choice of the five courses, though at least two of them must be in economics. The electives must be at the 400 level or above and courses from other departments and campuses can be used to fulfill this requirement. However, the electives chosen must be approved by the Economic Policy Analysis Graduate Committee.

Students will choose an advisor when they enter the M.A. program, and, sometime during their second semester, meet with their advisors to develop a set possible elective courses that fit their particular interests. The student will then submit this set of possible electives to the Economic Policy Analysis Graduate Committee for approval. With the approval of the Committee, students may revise thier package of possible elective courses at any time.

While students in consultation with their advisors can choose any appropriate set of elective courses, we have developed a list of possible areas of concentration to guide students in the choice of elective courses. This list is not exhaustive, nor is it binding. Students interested in one of the following areas may want to select some or all their electives from the listed courses. Or, they may work with their faculty advisors to develop their own specific package.

International Economic Policy Analysis

Faculty Advisors: Wendy Takacs, Tim Gindling, David Mitch, Michael Bradley
ECON 481/681 International Trade Theory
ECON 482 International Finance
ECON 486 Topics in Development Economics
ECON 457 Economic History of Russia and the Soviet Union
ECON 442 European Economic History
ECON 455 Economic Systems


Financial Policy

Faculty Advisors: Robert Carpenter, Doug Lamdin, Chuck Peake, Bonnie Wilson
ECON 463 Theory of Public Finance
ECON 471/671 Money and Capital Markets
ECON 474 Cases in Corporate Finance
ECON 472 Monetary Theory and Policy
ECON 475 Economics of Financial Analysis
ECON 476 Portfolio Analysis and Management
ECON 482 International Finance
ECON 423 Economic Forecasting
ECON 453 Household Economics

Environmental Policy

Faculty Advisors: Virginia McConnell, Tim Brennan
ECON 439 Environmental Economics
ECON 437 Economics of Natural Resources
ECON 486 Topics in Development Economics
ECON 605 Benefit-Cost Analysis
STAT 414 Environmental Statistics
GEOG 432 Seminar in Natural Resources and Environmental Conservation
GEOG 486 Geographic Information Systems (GIS)
CHEM 470 Toxicological Chemistry

Human Resources, Education and Training Policy

Faculty Advisors: Tim Gindling, Marsha Goldfarb, David Greenberg, Doug Lamdin, Bill Lord, David Mitch
ECON 451/651 Labor Economics
ECON 453 Household Economics
ECON 454 Economics of Education and Human Capital
ECON 467 Health Economics
ECON 486 Topics in Development Economics

Macroeconomic Policy

Faculty Advisors: Robert Carpenter, Brad Humphreys, Bill Lord, Bonnie Wilson
ECON 403 Economic Growth and Cycles
ECON 412 Topics in Macroeconomics
ECON 455 Comparative Economic Systems
ECON 463 Theory of Public Finance
ECON 471 Money and Capital Markets
ECON 472 Monetary Theory and Policy
ECON 482 International Finance

Growth and Technology Policy

Faculty: Tim Gindling, Bill Lord, Dave Mitch
ECON 403 Growth and Cycles
ECON 434 Regional Economics
ECON 437 Economics of Natural Resources
ECON 441 American Economic History
ECON 442 European Economic History
ECON 453 Household Economics
ECON 486 Topics in Development Economics
ECON 448 Economics of Innovation and Technology

Public Sector Economics

Faculty Advisors: Tim Brennan, Kathleen Carroll, Dennis Coates, David Greenberg, Bill Lord
ECON 414/641 Public Policy Toward Business
ECON 467/652 Health Economics
ECON 451/651 Human Resources Economics
ECON 463/661 Public Finance
ECON 464 State and Local Public Finance
ECON 605 Benefit/Cost Analysis
ECON 439 Environmental Economics
ECON 437 Economics of Natural Resources
ECON 453 Household Economics
ECON 454 Economics of Education and Human Capital
ECON 416 The Economics of Law
POSI 616 Regulatory Policy

Managerial Policy

Faculty: Kathleen Carroll, Doug Lamdin
ECON 408 Managerial Economics
ECON 415 Property Rights, Organization and Management
ECON 417 The Economics of Strategic Interaction
ECON 414 Public Policy Toward Business
POSI 616 Regulatory Policy

Health Policy

Faculty Advisors: Marsha Goldfarb, Alan Sorkin, Economics Department
Nancy Miller, Policy Sciences
ECON 652 Health Economics
ECON 605 Benefit Cost Analysis
Three from the following:
ECON 610 Issues in Health Care Financing and Service Delivery
SOCY 652 Health Care Organization and Delivery
MATH 471 or 472 Actuarial Mathematics
POLI 652 Politics of Health
POLI 640 Health Law
POLI 616 Regulatory Policy
POLI 643 Management in Health Care Institutions
SOCY 626 Social Epidemiology, or
PREV 601 Epidemiological Methods (U. of Baltimore), or
PREV 620 Principles of Biostatistics (U. of Baltimore

Urban and Regional Development

Faculty: Marsha Goldfarb, Doug Lamdin, Virginia McConnell
ECON 433 Urban Economics
ECON 434 Regional Economics
ECON 478 Real Estate Economics and Finance
ECON 605 Benefit-Cost Analysis
ECON 416 The Economics of Law
POSI 616 Regulatory Policy
POSI 648 Urban Politics

Quantitative Methods for Policy Analysis

Faculty: Tim Brennan, Dennis Coates, Brad Humphreys
ECON 423 Economic Forecasting
ECON 411 Selected Topics in Microeconomics
ECON 417 The Economics of Strategic Interaction
MATH 401 Mathematical Analysis
MATH 482 Nonlinear Optimization
MATH 483 Linear and Combinatorial Optimization
STAT 451/651 Introduction to Probability Theory
STAT 453/653 Mathematical Statistics
MATH 484 Stochastic Methods in Operations Researh
MATH 421 Introduction to Topology

Law and Economics

Faculty: Tim Brennan, George LaNoue
ECON 615 Property Rights, Organizations, and Management
ECON 641 Economics of Government Policy Toward Business
POSI 616 Regulatory Policy
POSI 617 The Econoimcs of Law
POLI 621 The Legal Context of Administration
Additional courses are available at the University of Maryland Law School and the University of Baltimore School of Law.

DEPARTMENT OF ECONOMICS • University of Maryland, Baltimore County
3rd floor Public Policy Building, Room 338
1000 Hilltop Circle • Baltimore Maryland 21250
phone: 410-455-2160 • email: Mrs. Kelly Hodges <khodges@umbc.edu>