An introduction to the modes of thought of economics. Use of simple standard tools of economics to analyze important problems that arise frequently in public policy, the news media, and in daily life. An emphasis on how economists predict what choices societies make and how economists analyze whether those are good choices. Practical application of a variety of economic tools leading to a focus on the essential unity underlying these analytical tools, viewing economics as a discipline that applies a core methodology in different ways in different situations.

Course Offerings:
    Fall 2017Instructor: Peter Murrell
    Summer 2017 IIInstructor: Brian Heath Witzen
    Spring 2017Instructor: Peter Murrell
    Fall 2016Instructor: Peter Murrell
    Summer 2016 IIInstructor: Brian Heath Witzen
    Spring 2016Instructor: Peter MurrellView: Syllabus
    Fall 2015Instructor: Peter MurrellView: Syllabus

Through most of the 20th century gaps in income between rich and poor declined in the US, but after 1970 we experienced a very rapid increase in inequality. This course challenges students to investigate why people make different amounts of money, why income inequality has risen so dramatically in recent years, what public policy tools exist to counter inequality increases, and what different institutional arrangements different countries use to lower inequality.

Course Offerings:
    Fall 2017Instructor: Erin Moody
    Fall 2016Instructor: Ethan Kaplan
    Fall 2015Instructor: Ethan KaplanView: Syllabus

Introduces economic models used to analyze economic behavior by individuals and firms and consequent market outcomes. Applies conceptual analysis to several policy issues and surveys a variety of specific topics within the broad scope of microeconomics.

Course Offerings:
    Winter 2017Instructor: Unlisted/TBDView: Syllabus
    Winter 2017Instructor: Thomas Hegland
    Fall 2017Instructor: Robert M. Schwab
    Fall 2017Instructor: Hossein Abbasi
    Summer 2017 IIInstructor: Gentry Johnson
    Summer 2017 IInstructor: Ibraheem Catovic
    Spring 2017Instructor: Erin Moody
    Spring 2017Instructor: Erin Moody
    Winter 2016Instructor: Thomas Hegland
    Fall 2016Instructor: Hossein Abbasi

Introduces economic models used to analyze economic behavior by individuals and firms and consequent market outcomes. Applies conceptual analysis to several policy issues and surveys a variety of specific topics within the broad scope of microeconomics.

Course Offerings:
    Winter 2017Instructor: Unlisted/TBDView: Syllabus
    Winter 2017Instructor: Thomas Hegland
    Fall 2017Instructor: Robert M. Schwab
    Fall 2017Instructor: Hossein Abbasi
    Summer 2017 IIInstructor: Gentry Johnson
    Summer 2017 IInstructor: Ibraheem Catovic
    Spring 2017Instructor: Erin Moody
    Spring 2017Instructor: Erin Moody
    Winter 2016Instructor: Thomas Hegland
    Fall 2016Instructor: Hossein Abbasi

Introduces economic models used to analyze economic behavior by individuals and firms and consequent market outcomes. Applies conceptual analysis to several policy issues and surveys a variety of specific topics within the broad scope of microeconomics.

Course Offerings:
    Winter 2017Instructor: Unlisted/TBDView: Syllabus
    Winter 2017Instructor: Thomas Hegland
    Fall 2017Instructor: Robert M. Schwab
    Fall 2017Instructor: Hossein Abbasi
    Summer 2017 IIInstructor: Gentry Johnson
    Summer 2017 IInstructor: Ibraheem Catovic
    Spring 2017Instructor: Erin Moody
    Spring 2017Instructor: Erin Moody
    Winter 2016Instructor: Thomas Hegland
    Fall 2016Instructor: Hossein Abbasi

An introduction to how market economies behave at the aggregate level. The determination of national income/output and the problems of unemployment inflation, will be examined, along with monetary and fiscal policy.

Course Offerings:
    Winter 2017Instructor: Veronika Penciakova
    Fall 2017Instructor: John Shea
    Fall 2017Instructor: John Neri
    Summer 2017 IIInstructor: Svetlana Pivovarova
    Summer 2017 IInstructor: Xing Hong
    Spring 2017Instructor: John Neri
    Spring 2017Instructor: Naveen Sarna
    Winter 2016Instructor: Veronika Penciakova
    Fall 2016Instructor: John Neri
    Fall 2016Instructor: John Shea

An introduction to how market economies behave at the aggregate level. The determination of national income/output and the problems of unemployment inflation, will be examined, along with monetary and fiscal policy.

Course Offerings:
    Winter 2017Instructor: Veronika Penciakova
    Fall 2017Instructor: John Shea
    Fall 2017Instructor: John Neri
    Summer 2017 IIInstructor: Svetlana Pivovarova
    Summer 2017 IInstructor: Xing Hong
    Spring 2017Instructor: John Neri
    Spring 2017Instructor: Naveen Sarna
    Winter 2016Instructor: Veronika Penciakova
    Fall 2016Instructor: John Neri
    Fall 2016Instructor: John Shea

Analysis of the determination of national income, employment, and price levels. Discussion of consumption, investment, inflation, and government fiscal and monetary policy.

Course Offerings:
    Winter 2017Instructor: Feng Zhang
    Fall 2017Instructor: Martina Copelman
    Fall 2017Instructor: John Neri
    Summer 2017 IIInstructor: Can Sever
    Summer 2017 IInstructor: Veronika Penciakova
    Spring 2017Instructor: John Neri
    Spring 2017Instructor: Martina Copelman
    Spring 2017Instructor: Martina Copelman
    Fall 2016Instructor: John Neri
    Fall 2016Instructor: Martina Copelman

Economic concepts are used to analyze various aspects of the founding and early history of the U.S., including the British settlement of the North American colonies, the economics of the American Revolutionary war, the writing of the Constitution, the development of financial markets, policies on public lands and the spread of western agriculture, slavery, banking, and early industrialization.

Course Offerings:
    Fall 2017Instructor: John Joseph Wallis
    Spring 2017Instructor: John Joseph Wallis
    Fall 2016Instructor: John Joseph Wallis
    Summer 2016 IInstructor: Mateo Uribe-Castro
    Spring 2016Instructor: John Joseph WallisView: Syllabus
    Fall 2015Instructor: John Joseph WallisView: Syllabus

Analysis of the economic and social characteristics of underdeveloped areas. Recent theories of economic development, obstacles to development, policies and planning for development.

Course Offerings:
    Winter 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Stefania Scandizzo
    Fall 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Bryan Hardy
    Summer 2017 IIInstructor: Unlisted/TBD
    Spring 2017Instructor: Stefania Scandizzo
    Spring 2017Instructor: Fernando Saltiel
    Winter 2016Instructor: Stefania Scandizzo
    Fall 2016Instructor: Stefania Scandizzo
    Summer 2016 IIInstructor: Unlisted/TBD

Analysis of policy options and debates on fostering economic growth and development in a global economy where national boundaries are no longer relevant. Topics covered will include real loanable funds markets in both local and international contexts during normal conditions and during financial crises, the design of trade and industrial policies, and the role of the World Bank, IMF, WTO, and other international agencies as well as regional and bilateral trade agreements. Emerging economies will be emphasized.

Course Offerings:
    Fall 2017Instructor: Naveen Sarna
    Fall 2017Instructor: Martina Copelman
    Summer 2017 IInstructor: Emekcan Yucel
    Spring 2017Instructor: Naveen Sarna
    Fall 2016Instructor: Naveen Sarna
    Fall 2016Instructor: Naveen Sarna
    Fall 2016Instructor: Naveen Sarna
    Spring 2016Instructor: Naveen SarnaView: Syllabus
    Spring 2016Instructor: Naveen SarnaView: Syllabus
    Fall 2015Instructor: Naveen SarnaView: Syllabus

Analysis of policy options and debates on fostering economic growth and development in a global economy where national boundaries are no longer relevant. Topics covered will include real loanable funds markets in both local and international contexts during normal conditions and during financial crises, the design of trade and industrial policies, and the role of the World Bank, IMF, WTO, and other international agencies as well as regional and bilateral trade agreements. Emerging economies will be emphasized.

Course Offerings:
    Fall 2017Instructor: Naveen Sarna
    Fall 2017Instructor: Martina Copelman
    Summer 2017 IInstructor: Emekcan Yucel
    Spring 2017Instructor: Naveen Sarna
    Fall 2016Instructor: Naveen Sarna
    Fall 2016Instructor: Naveen Sarna
    Fall 2016Instructor: Naveen Sarna
    Spring 2016Instructor: Naveen SarnaView: Syllabus
    Spring 2016Instructor: Naveen SarnaView: Syllabus
    Fall 2015Instructor: Naveen SarnaView: Syllabus

Analysis of policy options and debates on fostering economic growth and development in a global economy where national boundaries are no longer relevant. Topics covered will include real loanable funds markets in both local and international contexts during normal conditions and during financial crises, the design of trade and industrial policies, and the role of the World Bank, IMF, WTO, and other international agencies as well as regional and bilateral trade agreements. Emerging economies will be emphasized.

Course Offerings:
    Fall 2017Instructor: Naveen Sarna
    Fall 2017Instructor: Martina Copelman
    Summer 2017 IInstructor: Emekcan Yucel
    Spring 2017Instructor: Naveen Sarna
    Fall 2016Instructor: Naveen Sarna
    Fall 2016Instructor: Naveen Sarna
    Fall 2016Instructor: Naveen Sarna
    Spring 2016Instructor: Naveen SarnaView: Syllabus
    Spring 2016Instructor: Naveen SarnaView: Syllabus
    Fall 2015Instructor: Naveen SarnaView: Syllabus

Introduction to the use of statistics in economics. Topics include: Probability, random variables and their distributions, sampling theory, estimation, hypothesis testing, analysis of variance, regression analysis and correlation.

Course Offerings:
    Fall 2017Instructor: Andrew Sweeting
    Spring 2017Instructor: Unlisted/TBD
    Winter 2016Instructor: Hsuan Yu
    Fall 2016Instructor: Yue Chao
    Summer 2016 IIInstructor: Yue Chao
    Spring 2016Instructor: Sebastian GalianiView: Syllabus
    Fall 2015Instructor: Satyendra VermaView: Syllabus
    Fall 2015Instructor: Satyendra VermaView: Syllabus

Introduction to the use of statistics in economics. Topics include: Probability, random variables and their distributions, sampling theory, estimation, hypothesis testing, analysis of variance, regression analysis and correlation.

Course Offerings:
    Fall 2017Instructor: Andrew Sweeting
    Spring 2017Instructor: Unlisted/TBD
    Winter 2016Instructor: Hsuan Yu
    Fall 2016Instructor: Yue Chao
    Summer 2016 IIInstructor: Yue Chao
    Spring 2016Instructor: Sebastian GalianiView: Syllabus
    Fall 2015Instructor: Satyendra VermaView: Syllabus
    Fall 2015Instructor: Satyendra VermaView: Syllabus

Analysis of macroeconomic behavior and policy with emphasis on theoretical rigor. Topics include the determinants of economic growth, unemployment, inflation, and international economic flows.

Course Offerings:
    Fall 2017Instructor: L. Luminita Stevens
    Summer 2017 IInstructor: Can Sever
    Spring 2017Instructor: L. Luminita Stevens
    Winter 2016Instructor: Emekcan Yucel
    Fall 2016Instructor: Can Sever
    Fall 2016Instructor: Yi (Laura) Zhao
    Summer 2016 IIInstructor: Emekcan Yucel
    Summer 2016 IInstructor: Can Sever
    Spring 2016Instructor: Martina CopelmanView: Syllabus
    Spring 2016Instructor: Martina CopelmanView: Syllabus

Analysis of macroeconomic behavior and policy with emphasis on theoretical rigor. Topics include the determinants of economic growth, unemployment, inflation, and international economic flows.

Course Offerings:
    Fall 2017Instructor: L. Luminita Stevens
    Summer 2017 IInstructor: Can Sever
    Spring 2017Instructor: L. Luminita Stevens
    Winter 2016Instructor: Emekcan Yucel
    Fall 2016Instructor: Can Sever
    Fall 2016Instructor: Yi (Laura) Zhao
    Summer 2016 IIInstructor: Emekcan Yucel
    Summer 2016 IInstructor: Can Sever
    Spring 2016Instructor: Martina CopelmanView: Syllabus
    Spring 2016Instructor: Martina CopelmanView: Syllabus

Analysis of macroeconomic behavior and policy with emphasis on theoretical rigor. Topics include the determinants of economic growth, unemployment, inflation, and international economic flows.

Course Offerings:
    Fall 2017Instructor: L. Luminita Stevens
    Summer 2017 IInstructor: Can Sever
    Spring 2017Instructor: L. Luminita Stevens
    Winter 2016Instructor: Emekcan Yucel
    Fall 2016Instructor: Can Sever
    Fall 2016Instructor: Yi (Laura) Zhao
    Summer 2016 IIInstructor: Emekcan Yucel
    Summer 2016 IInstructor: Can Sever
    Spring 2016Instructor: Martina CopelmanView: Syllabus
    Spring 2016Instructor: Martina CopelmanView: Syllabus

Analysis of economic decision-making by individual buyers and sellers, and resulting market outcomes, with emphasis on theoretical rigor. The efficient properties of perfect competition are examined, followed by consideration of market power, externalities, and asymmetric information.

Course Offerings:
    Fall 2017Instructor: Ginger Zhe Jin
    Summer 2017 IIInstructor: Unlisted/TBD
    Spring 2017Instructor: Unlisted/TBD
    Winter 2016Instructor: Svetlana Pivovarova
    Fall 2016Instructor: Ethan Kaplan
    Summer 2016 IInstructor: Ricardo Espinoza
    Spring 2016Instructor: Melissa KearneyView: Syllabus
    Fall 2015Instructor: Ethan KaplanView: Syllabus
    Fall 2015Instructor: Melissa KearneyView: Syllabus

Analysis of economic decision-making by individual buyers and sellers, and resulting market outcomes, with emphasis on theoretical rigor. The efficient properties of perfect competition are examined, followed by consideration of market power, externalities, and asymmetric information.

Course Offerings:
    Fall 2017Instructor: Ginger Zhe Jin
    Summer 2017 IIInstructor: Unlisted/TBD
    Spring 2017Instructor: Unlisted/TBD
    Winter 2016Instructor: Svetlana Pivovarova
    Fall 2016Instructor: Ethan Kaplan
    Summer 2016 IInstructor: Ricardo Espinoza
    Spring 2016Instructor: Melissa KearneyView: Syllabus
    Fall 2015Instructor: Ethan KaplanView: Syllabus
    Fall 2015Instructor: Melissa KearneyView: Syllabus

The structure of financial institutions and their role in the provision of money and near money. Analysis of the Federal Reserve System, the techniques of central banks, and the control of supply of financial assets in stabilization policy. Relationship of money and credit to economic activity and the price level.

Course Offerings:
    Winter 2017Instructor: Rodrigo Heresi
    Fall 2017Instructor: John Neri
    Summer 2017 IIInstructor: Yang Liu
    Spring 2017Instructor: John Neri
    Winter 2016Instructor: Joonkyu Choi
    Fall 2016Instructor: John Neri
    Fall 2016Instructor: Martina Copelman
    Summer 2016 IIInstructor: Yi (Laura) Zhao
    Spring 2016Instructor: John NeriView: Syllabus
    Fall 2015Instructor: John NeriView: Syllabus

The structure of financial institutions and their role in the provision of money and near money. Analysis of the Federal Reserve System, the techniques of central banks, and the control of supply of financial assets in stabilization policy. Relationship of money and credit to economic activity and the price level.

Course Offerings:
    Winter 2017Instructor: Rodrigo Heresi
    Fall 2017Instructor: John Neri
    Summer 2017 IIInstructor: Yang Liu
    Spring 2017Instructor: John Neri
    Winter 2016Instructor: Joonkyu Choi
    Fall 2016Instructor: John Neri
    Fall 2016Instructor: Martina Copelman
    Summer 2016 IIInstructor: Yi (Laura) Zhao
    Spring 2016Instructor: John NeriView: Syllabus
    Fall 2015Instructor: John NeriView: Syllabus

Introduces economic models of international trade and finance. Analyzes policies designed to promote and restrict international trade and to manage exchange rates and impact international capital flows.

Course Offerings:
    Fall 2017Instructor: Stefania Scandizzo
    Fall 2017Instructor: Stefania Scandizzo
    Summer 2017 IInstructor: Stefania Scandizzo
    Fall 2016Instructor: Stefania Scandizzo
    Fall 2016Instructor: Stefania Scandizzo
    Summer 2016 IInstructor: Marcelo Teixeira
    Fall 2015Instructor: Stefania ScandizzoView: Syllabus
    Fall 2015Instructor: Stefania ScandizzoView: Syllabus

Introduces economic models of international trade and finance. Analyzes policies designed to promote and restrict international trade and to manage exchange rates and impact international capital flows.

Course Offerings:
    Fall 2017Instructor: Stefania Scandizzo
    Fall 2017Instructor: Stefania Scandizzo
    Summer 2017 IInstructor: Stefania Scandizzo
    Fall 2016Instructor: Stefania Scandizzo
    Fall 2016Instructor: Stefania Scandizzo
    Summer 2016 IInstructor: Marcelo Teixeira
    Fall 2015Instructor: Stefania ScandizzoView: Syllabus
    Fall 2015Instructor: Stefania ScandizzoView: Syllabus

First semester of the departmental honors sequence. Students will develop and apply research skills required to carry out original research. By the end of the semester students will have produced a complete draft of an honors thesis resembling a scholarly journal article.

Course Offerings:
    Fall 2017Instructor: Nuno LimãoCo-Instructor: Nicholas Montgomery
    Fall 2016Instructor: Nuno Limão
    Fall 2015Instructor: Nuno LimãoView: Syllabus

Analysis of current economic problems and public policies. Topics could include poverty, income inequality, social insurance, education, environmental sustainability, immigration, and innovation. Other issues may be substituted depending on current events.

Course Offerings:
    Fall 2017Instructor: Erin Moody
    Fall 2017Instructor: Thomas Hegland
    Summer 2017 IIInstructor: Thomas Hegland
    Spring 2017Instructor: Erin Moody
    Spring 2017Instructor: Thomas Hegland
    Fall 2016Instructor: Erin Moody
    Fall 2016Instructor: Erin Moody
    Fall 2016Instructor: John Sabelhaus
    Spring 2016Instructor: John Sabelhaus
    Spring 2016Instructor: Erin Moody

Studies the competitive and cooperative behavior that results when several parties with conflicting interests must work together. Learn how to use game theory to analyze situations of potential conflict. Applications are drawn from economics, business, and political science.

Course Offerings:
    Fall 2017Instructor: Robert M. Schwab
    Fall 2017Instructor: Gustavo Saraiva
    Fall 2017Instructor: Yong Paek
    Summer 2017 IIInstructor: Yong Paek
    Summer 2017 IInstructor: Gustavo Saraiva
    Spring 2017Instructor: Gustavo Saraiva
    Spring 2017Instructor: Yong Paek
    Fall 2016Instructor: Robert M. Schwab
    Summer 2016 IInstructor: Gustavo Saraiva
    Spring 2016Instructor: Robert M. Schwab

Studies the competitive and cooperative behavior that results when several parties with conflicting interests must work together. Learn how to use game theory to analyze situations of potential conflict. Applications are drawn from economics, business, and political science.

Course Offerings:
    Fall 2017Instructor: Robert M. Schwab
    Fall 2017Instructor: Gustavo Saraiva
    Fall 2017Instructor: Yong Paek
    Summer 2017 IIInstructor: Yong Paek
    Summer 2017 IInstructor: Gustavo Saraiva
    Spring 2017Instructor: Gustavo Saraiva
    Spring 2017Instructor: Yong Paek
    Fall 2016Instructor: Robert M. Schwab
    Summer 2016 IInstructor: Gustavo Saraiva
    Spring 2016Instructor: Robert M. Schwab

Studies the competitive and cooperative behavior that results when several parties with conflicting interests must work together. Learn how to use game theory to analyze situations of potential conflict. Applications are drawn from economics, business, and political science.

Course Offerings:
    Fall 2017Instructor: Robert M. Schwab
    Fall 2017Instructor: Gustavo Saraiva
    Fall 2017Instructor: Yong Paek
    Summer 2017 IIInstructor: Yong Paek
    Summer 2017 IInstructor: Gustavo Saraiva
    Spring 2017Instructor: Gustavo Saraiva
    Spring 2017Instructor: Yong Paek
    Fall 2016Instructor: Robert M. Schwab
    Summer 2016 IInstructor: Gustavo Saraiva
    Spring 2016Instructor: Robert M. Schwab

Economic theory of the developing nations; role of innovation, capital formation, resources, institutions, trade and exchange rates, and governmental policies.

Course Offerings:
    Spring 2017Instructor: Jessica Goldberg
    Spring 2017Instructor: Jessica Goldberg
    Spring 2016Instructor: Jessica GoldbergView: Syllabus
    Spring 2016Instructor: Jessica GoldbergView: Syllabus
    Spring 2016Instructor: Sebastian Galiani
    Fall 2015Instructor: Unlisted/TBDView: Syllabus
    Fall 2015Instructor: Unlisted/TBDView: Syllabus
    Fall 2015Instructor: Unlisted/TBDView: Syllabus

Economic theory of the developing nations; role of innovation, capital formation, resources, institutions, trade and exchange rates, and governmental policies.

Course Offerings:
    Spring 2017Instructor: Jessica Goldberg
    Spring 2017Instructor: Jessica Goldberg
    Spring 2016Instructor: Jessica GoldbergView: Syllabus
    Spring 2016Instructor: Jessica GoldbergView: Syllabus
    Spring 2016Instructor: Sebastian Galiani
    Fall 2015Instructor: Unlisted/TBDView: Syllabus
    Fall 2015Instructor: Unlisted/TBDView: Syllabus
    Fall 2015Instructor: Unlisted/TBDView: Syllabus

Economic theory of the developing nations; role of innovation, capital formation, resources, institutions, trade and exchange rates, and governmental policies.

Course Offerings:
    Spring 2017Instructor: Jessica Goldberg
    Spring 2017Instructor: Jessica Goldberg
    Spring 2016Instructor: Jessica GoldbergView: Syllabus
    Spring 2016Instructor: Jessica GoldbergView: Syllabus
    Spring 2016Instructor: Sebastian Galiani
    Fall 2015Instructor: Unlisted/TBDView: Syllabus
    Fall 2015Instructor: Unlisted/TBDView: Syllabus
    Fall 2015Instructor: Unlisted/TBDView: Syllabus

Emphasizes the interaction between economic problems and the assumption employed in statistical theory. Formulation, estimation, and testing of economic models, including single variable and multiple variable regression techniques, theory of identification, and issues relating to inference.

Course Offerings:
    Winter 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Unlisted/TBD
    Summer 2017 IIInstructor: Shunjie Tu
    Spring 2017Instructor: Sergio Urzua
    Spring 2017Instructor: Shunjie Tu
    Fall 2016Instructor: Shunjie Tu
    Fall 2016Instructor: Xing Hong
    Summer 2016 IIInstructor: Youngjin Yun
    Spring 2016Instructor: Sergio Urzua

Emphasizes the interaction between economic problems and the assumption employed in statistical theory. Formulation, estimation, and testing of economic models, including single variable and multiple variable regression techniques, theory of identification, and issues relating to inference.

Course Offerings:
    Winter 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Unlisted/TBD
    Summer 2017 IIInstructor: Shunjie Tu
    Spring 2017Instructor: Sergio Urzua
    Spring 2017Instructor: Shunjie Tu
    Fall 2016Instructor: Shunjie Tu
    Fall 2016Instructor: Xing Hong
    Summer 2016 IIInstructor: Youngjin Yun
    Spring 2016Instructor: Sergio Urzua

Emphasizes the interaction between economic problems and the assumption employed in statistical theory. Formulation, estimation, and testing of economic models, including single variable and multiple variable regression techniques, theory of identification, and issues relating to inference.

Course Offerings:
    Winter 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Unlisted/TBD
    Summer 2017 IIInstructor: Shunjie Tu
    Spring 2017Instructor: Sergio Urzua
    Spring 2017Instructor: Shunjie Tu
    Fall 2016Instructor: Shunjie Tu
    Fall 2016Instructor: Xing Hong
    Summer 2016 IIInstructor: Youngjin Yun
    Spring 2016Instructor: Sergio Urzua

Emphasizes the interaction between economic problems and the assumption employed in statistical theory. Formulation, estimation, and testing of economic models, including single variable and multiple variable regression techniques, theory of identification, and issues relating to inference.

Course Offerings:
    Winter 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Unlisted/TBD
    Summer 2017 IIInstructor: Shunjie Tu
    Spring 2017Instructor: Sergio Urzua
    Spring 2017Instructor: Shunjie Tu
    Fall 2016Instructor: Shunjie Tu
    Fall 2016Instructor: Xing Hong
    Summer 2016 IIInstructor: Youngjin Yun
    Spring 2016Instructor: Sergio Urzua

Interaction between economic problems and specification and estimation of econometric models. Topics include issues of autocorrelation, heteroscedasticity, functional form, simultaneous equation models, qualitative choice models, and other computational methods.

Course Offerings:
    Fall 2017Instructor: Guido Kuersteiner
    Fall 2017Instructor: Maureen Cropper
    Spring 2017Instructor: John Chao
    Fall 2016Instructor: Guido Kuersteiner
    Spring 2016Instructor: Maureen CropperView: Syllabus
    Fall 2015Instructor: Guido KuersteinerView: Syllabus

Provide the knowledge and skills necessary to accomplish and utilize basic applied econometric analysis utilized by many business service providers, government agencies, and nonprofits engaged in policy analysis. Topics include simple and multiple regressions using cross section, time series, and panel data, issues of heteroskedasticity, serial correlation, and multicollinearity, models with binary dependent variable, and program evaluation. Course emphasizes application of knowledge using software packages but still covers essential theoretical background.

Course Offerings:
    Winter 2017Instructor: Yongjoon Park
    Fall 2017Instructor: Hossein Abbasi
    Fall 2017Instructor: Hossein Abbasi
    Fall 2017Instructor: Yue Chao
    Fall 2017Instructor: Fo Kodjo Aflagah
    Summer 2017 IIInstructor: Matthew Staiger
    Summer 2017 IInstructor: Yongjoon Park
    Spring 2017Instructor: Hossein Abbasi
    Spring 2017Instructor: Hossein Abbasi
    Spring 2017Instructor: Yue Chao

Provide the knowledge and skills necessary to accomplish and utilize basic applied econometric analysis utilized by many business service providers, government agencies, and nonprofits engaged in policy analysis. Topics include simple and multiple regressions using cross section, time series, and panel data, issues of heteroskedasticity, serial correlation, and multicollinearity, models with binary dependent variable, and program evaluation. Course emphasizes application of knowledge using software packages but still covers essential theoretical background.

Course Offerings:
    Winter 2017Instructor: Yongjoon Park
    Fall 2017Instructor: Hossein Abbasi
    Fall 2017Instructor: Hossein Abbasi
    Fall 2017Instructor: Yue Chao
    Fall 2017Instructor: Fo Kodjo Aflagah
    Summer 2017 IIInstructor: Matthew Staiger
    Summer 2017 IInstructor: Yongjoon Park
    Spring 2017Instructor: Hossein Abbasi
    Spring 2017Instructor: Hossein Abbasi
    Spring 2017Instructor: Yue Chao

Provide the knowledge and skills necessary to accomplish and utilize basic applied econometric analysis utilized by many business service providers, government agencies, and nonprofits engaged in policy analysis. Topics include simple and multiple regressions using cross section, time series, and panel data, issues of heteroskedasticity, serial correlation, and multicollinearity, models with binary dependent variable, and program evaluation. Course emphasizes application of knowledge using software packages but still covers essential theoretical background.

Course Offerings:
    Winter 2017Instructor: Yongjoon Park
    Fall 2017Instructor: Hossein Abbasi
    Fall 2017Instructor: Hossein Abbasi
    Fall 2017Instructor: Yue Chao
    Fall 2017Instructor: Fo Kodjo Aflagah
    Summer 2017 IIInstructor: Matthew Staiger
    Summer 2017 IInstructor: Yongjoon Park
    Spring 2017Instructor: Hossein Abbasi
    Spring 2017Instructor: Hossein Abbasi
    Spring 2017Instructor: Yue Chao

The different types of financial assets that exist, the markets that they trade in, and the determination of their prices and rates of return are examined. Specific topics that will be covered include the Markowitz portfolio selection model, the capital asset pricing model, the arbitrage pricing theory, the efficient markets hypothesis, the term structure of interest rates, and options. There will be almost no emphasis on issues in corporate finance.

Course Offerings:
    Fall 2017Instructor: Can Sever
    Fall 2017Instructor: Unlisted/TBD
    Summer 2017 IInstructor: Rodrigo Heresi
    Spring 2017Instructor: Hyung Choi
    Spring 2017Instructor: Can Sever
    Fall 2016Instructor: Hsuan Yu
    Summer 2016 IIInstructor: Jongho Park
    Spring 2016Instructor: Hsuan YuView: Syllabus
    Fall 2015Instructor: Hsuan Yu
    Fall 2015Instructor: Unlisted/TBDView: Syllabus

The different types of financial assets that exist, the markets that they trade in, and the determination of their prices and rates of return are examined. Specific topics that will be covered include the Markowitz portfolio selection model, the capital asset pricing model, the arbitrage pricing theory, the efficient markets hypothesis, the term structure of interest rates, and options. There will be almost no emphasis on issues in corporate finance.

Course Offerings:
    Fall 2017Instructor: Can Sever
    Fall 2017Instructor: Unlisted/TBD
    Summer 2017 IInstructor: Rodrigo Heresi
    Spring 2017Instructor: Hyung Choi
    Spring 2017Instructor: Can Sever
    Fall 2016Instructor: Hsuan Yu
    Summer 2016 IIInstructor: Jongho Park
    Spring 2016Instructor: Hsuan YuView: Syllabus
    Fall 2015Instructor: Hsuan Yu
    Fall 2015Instructor: Unlisted/TBDView: Syllabus

Uses models of open-economy macroeconomics to explain the causes and consequences of international capital flows. Analysis is made of private consumption, investment, the government sector, current accounts, the labor market, and the money and foreign exchange markets in small open economies. This framework is then used to study examples of how speculative attacks on currencies, sudden reversals of capital inflows, and the effects of the lack of credibility of economic policy affect economic development.

Course Offerings:
    Fall 2017Instructor: Felipe Saffie
    Spring 2017Instructor: Sebnem Kalemli-Ozcan
    Fall 2016Instructor: Felipe Saffie
    Spring 2016Instructor: Sebnem Kalemli-OzcanView: Syllabus
    Spring 2016Instructor: Unlisted/TBDView: Syllabus
    Fall 2015Instructor: Felipe SaffieView: Syllabus
    Fall 2015Instructor: Unlisted/TBDView: Syllabus

Uses models of open-economy macroeconomics to explain the causes and consequences of international capital flows. Analysis is made of private consumption, investment, the government sector, current accounts, the labor market, and the money and foreign exchange markets in small open economies. This framework is then used to study examples of how speculative attacks on currencies, sudden reversals of capital inflows, and the effects of the lack of credibility of economic policy affect economic development.

Course Offerings:
    Fall 2017Instructor: Felipe Saffie
    Spring 2017Instructor: Sebnem Kalemli-Ozcan
    Fall 2016Instructor: Felipe Saffie
    Spring 2016Instructor: Sebnem Kalemli-OzcanView: Syllabus
    Spring 2016Instructor: Unlisted/TBDView: Syllabus
    Fall 2015Instructor: Felipe SaffieView: Syllabus
    Fall 2015Instructor: Unlisted/TBDView: Syllabus

Examines the economics of international economic integration, including the theory of customs unions and free trade areas, the role of GATT and the WTO, changes in individual countries' foreign trade policies during the new era of globalization, the special role of multinational firms in world trade, and recent controversies about the benefits and costs of globalized trade.

Course Offerings:
    Fall 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Unlisted/TBD
    Spring 2017Instructor: Stefania Scandizzo
    Spring 2017Instructor: Yang Xu
    Fall 2016Instructor: Yang Xu
    Summer 2016 IInstructor: Yang Xu
    Spring 2016Instructor: Stefania ScandizzoView: Syllabus
    Spring 2016Instructor: Yang XuView: Syllabus
    Fall 2015Instructor: Yang XuView: Syllabus

The role of the public sector in a market economy constitutes the over-arching topic of this course. Emphasis lies on analyzing government expenditure programs and the microeconomics of tax policy.

Course Offerings:
    Winter 2017Instructor: Brian Heath Witzen
    Fall 2017Instructor: Riley Wilson
    Fall 2017Instructor: Kenneth Coriale
    Summer 2017 IInstructor: Kenneth Coriale
    Spring 2017Instructor: Kenneth Coriale
    Winter 2016Instructor: Kenneth Coriale
    Fall 2016Instructor: Melissa Kearney
    Fall 2016Instructor: Kenneth Coriale
    Summer 2016 IInstructor: Kenneth Coriale
    Spring 2016Instructor: Lesley J. TurnerView: Syllabus

The role of the public sector in a market economy constitutes the over-arching topic of this course. Emphasis lies on analyzing government expenditure programs and the microeconomics of tax policy.

Course Offerings:
    Winter 2017Instructor: Brian Heath Witzen
    Fall 2017Instructor: Riley Wilson
    Fall 2017Instructor: Kenneth Coriale
    Summer 2017 IInstructor: Kenneth Coriale
    Spring 2017Instructor: Kenneth Coriale
    Winter 2016Instructor: Kenneth Coriale
    Fall 2016Instructor: Melissa Kearney
    Fall 2016Instructor: Kenneth Coriale
    Summer 2016 IInstructor: Kenneth Coriale
    Spring 2016Instructor: Lesley J. TurnerView: Syllabus

Examines different theoretical models of firm behavior in markets with varying amounts of market power. Relates theory to specific industries and examines how market structure evolves over time.

Course Offerings:
    Fall 2017Instructor: Andrew Sweeting
    Fall 2016Instructor: Andrew Sweeting
    Summer 2016 IIInstructor: Hao Bo
    Fall 2015Instructor: Andrew SweetingView: Syllabus

An analytical treatment of theories of labor markets, and an examination of empirical findings, evidence and conclusions. Topics covered will include some or all of the following: labor demand; labor supply and labor market participation; theory of human capital; earnings differentials; and if time allows, market structure and the efficiency of labor markets; and unemployment.

Course Offerings:
    Spring 2017Instructor: Judith K. Hellerstein
    Spring 2017Instructor: Judith K. Hellerstein
    Fall 2015Instructor: Judith K. Hellerstein

Introductory technical treatment of standard Keynesian, classical and new classical macroeconomic models. Expectations formation and microeconomic foundations of consumption, investment, money demand, and labor market behavior.

Course Offerings:
    Fall 2016Instructor: John SheaCo-Instructor: Allan Drazen
    Fall 2015Instructor: John SheaCo-Instructor: Allan Drazen

A detailed treatment of the theory of the consumer and of the firm, particularly emphasizing the duality approach. Topics include the household production model, imperfect competition, monopolistic and oligopolistic markets.

Course Offerings:
    Fall 2016Instructor: Emel Filiz OzbayCo-Instructor: Lawrence Ausubel
    Fall 2015Instructor: Emel Filiz OzbayCo-Instructor: Lawrence AusubelView: Syllabus

Survey of a variety of models explaining how market failures may lead to poverty and underdevelopment, with an emphasis on the empirical evaluation of constraints faced by individuals in developing countries and the programs that attempt to alleviate those constraints. Topics include: agricultural and land markets, labor markets, human capital in developing countries, credit markets, and consumption smoothing and risk coping.

Course Offerings:
    Fall 2016Instructor: Jessica Goldberg
    Fall 2015Instructor: Jessica GoldbergView: Syllabus

Specification, estimation, hypothesis testing and prediction in the classical and generalized linear regression model. Topics include: ordinary least squares, generalized least squares, instrumental variableestimation, quantile regression, finite and large sample analysis and general testing principles including misspecification tests. The course will also provide instructions on the use of a major statistical packagesuch as Stata or TSP.

Course Offerings:
    Fall 2016Instructor: John Chao
    Fall 2015Instructor: John ChaoView: Syllabus

An introduction to the methodology of laboratory and field experiments. The course concentrates on a series of experiments to show how experiments build on one another, allowing researchers with different theoretical dispositions to narrow the range of potential disagreement.

Course Offerings:
    Fall 2016Instructor: Erkut Ozbay
    Fall 2015Instructor: Erkut OzbayView: Syllabus

This course is the first in a two-part graduate sequence in Public Economics. We will focus on the role of government intervention in the economy and cover the following topics: externalities, public goods theory, local public finance (with a focus on the economics of education), and social insurance. For each topic, we will focus on theoretical and empirical evidence as well as relevant empirical research methods.

Course Offerings:
    Fall 2015Instructor: Lesley J. TurnerView: Syllabus

Classical theories of industry organization are analyzed. Topics include monopoly price discrimination, product differentiation and bundling as well as traditional oligopoly models of Cournot and Bertrand are examined. Dynamic models of oligopoly including entry deterrence and collusion are discussed in addition to games of research and development. Long-run industry structures and dynamics are also analyzed. Also investigates implications of these models for antitrust policy.

Course Offerings:
    Fall 2016Instructor: Daniel R. Vincent
    Fall 2015Instructor: Daniel R. VincentView: Syllabus

Recent developments in macroeconomics with an emphasis on topics and techniques useful for conducting research in macroeconomics. Topics include advanced treatment of fiscal and monetary policy issues; the role of imperfect competition; real, sectoral and nominal business cycle models.

Course Offerings:
    Fall 2016Instructor: Boragan Aruoba
    Fall 2015Instructor: Boragan AruobaView: Syllabus

Oriented towards macro-econometric methods. Topics covered will be selected from the following: Further discussion of topics covered in ECON624, nonlinear time series models, exogeneity and causality, non-stationary time series models (unit roots, co-integration, error correction models, vector autoregressive models), econometric models of volatility (ARCH and GARCH models, and Stochastic volatility models), rational expectations models, non-stationary panel data models, tests for structural change, Bayesian econometrics and methods for Bayesian computation.

Course Offerings:
    Fall 2016Instructor: John Chao
    Fall 2015Instructor: John ChaoView: Syllabus

Exchange rate determination; exchange rate regimes; international monetary reform; policy conflict and cooperation; the LDC debt problem; pricing of international assets; balance of payments crises.

Course Offerings:
    Fall 2016Instructor: Felipe Saffie
    Fall 2015Instructor: Felipe SaffieView: Syllabus

Comparative advantage, Heckscher-Ohlin theory, specific-factors model, empirical verification, economies of scale, imperfect competition, commercial policy, factor mobility.

Course Offerings:
    Fall 2016Instructor: Nuno Limão
    Fall 2015Instructor: Nuno LimãoView: Syllabus

Study of political determinants of macroeconomic outcomes. Time inconsistency in monetary and fiscal policy, political business cycles. Political models of redistribution, delay in reform, transition, growth, and international policymaking.

Course Offerings:
    Fall 2016Instructor: Allan Drazen
    Fall 2015Instructor: Allan DrazenView: Syllabus

Modern analytical and quantitative labor economics. Labor supply decisions of individuals and households; human capital model and distribution of income. Demand for labor; marginal productivity theory, imperfect information and screening. Interaction of labor demand and supply; unemployment; relative and absolute wages; macroeconomic aspects of the labor market.

Course Offerings:
    Fall 2016Instructor: Judith K. Hellerstein
    Fall 2015Instructor: Sergio UrzuaView: Syllabus