AEM 6700

Course information provided by the Courses of Study 2017-2018.

This is an introductory course in microeconomic theory and its empirical applications focusing on consumer demand. It uses core of consumer theory and mathematical economics to develop and estimate a variety of econometric models of consumer behavior and demand response. Considers models of aggregate, discrete choice, and discrete-continuous demand models; and their applications using secondary data and large point-of-purchase data. Examines applications of experimental economics to study consumer behavior and demand response. Introduces time series models to forecast demand and analyze price transmission.

When Offered Fall.

Prerequisites/Corequisites Prerequisite: ECON 3030, MATH 1110, and AEM 4110 or equivalents.

Outcomes
  • Define the theories and the types of data available for estimating models of consumer demand.
  • Develop a variety of econometric models that address fundamental problems in conventional econometric analysis of consumer demand.
  • Analyze the literature on applied demand analysis.
  • Demonstrate experience in framing, solving, and communicating solutions to economic research problems.
  • Preparation for advanced courses in microeconomics.

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Enrollment Information
Syllabi: 1 available
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  • 3 Credits Graded

  •  5042AEM 6700  LEC 001

  • Prerequisites: ECON 3030, MATH 1110, AEM 4110, or equivalents.