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Master of Financial Mathematics with Emphasis in Applied Economics
For an Emphasis in Applied Economics, please take
- APEC 5151; and
- one of the following two courses: either APEC 8202 or APEC 8206; and
- one of the following three course/course sequences: (APEC 5481
alone) or (APEC 8802/8803) or (APEC 8601 alone).
These courses are offered by the Applied Economics Department, and are
recommended to those students in our program who wish to enhance their
knowledge of applied economics.
These courses may be taken at any time.
WARNING:
Courses listed on this website may have prerequisites; see the syllabi
to check on those. If you have any question about whether you are
ready to take a certain course, please speak to the course instructor
and/or your advisor.
NOTE:
Completion of these "with Emphasis in Applied Economics" requirements
also also fulfills the requirements for a Master's level minor in
Applied Economics. If you wish to obtain that minor, you'll need to get the
signature of the Applied Econ DGS on your degree program form.
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APEC 5151
Applied Microeconomics: Firm and Household
3 credits
Syllabus
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Quantitative techniques for analysis of economic problems of firms
and households. Links between quantitative tools and economic
analysis Regression analysis, mathematical programming, and present
value analysis.
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APEC 5481
Futures and Options Markets
3 credits
Syllabus
-
Economic concepts related to futures/options trading. Hedging,
speculation.
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APEC 8202
Mathematical Optimization in Applied Economics
3 credits
Syllabus
-
Economic foundations and applications of mathematical and dynamic
programming and optimal control. Mathematical optimization concepts;
structures and economic interpretations of various models of the
firm, consumer, household, sector, and economy. Model building and
solution techniques.
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APEC 8206
Dynamic Optimization: Applications in Economics and Management
3 credits
Syllabus
-
Formulation/solution of dynamic optimization problems using optimal
control theory and dynamic programming. Analytical/numerical
solution methods to solve deterministic/stochastic problems for
various economic applications.
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APEC 8601
Natural Resource Economics
3 credits
Syllabus
-
Economic analysis of resource use/management. Capital theory,
dynamic resource allocation. Applications to renewable/nonrenewable
resources. Empirical studies, policy issues.
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