Courses Offered in Fall 2015

ECON111: Thinking Like an Economist
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 Offering
    Fall 2017 Instructor: Peter Murrell
    Summer 2017 II Instructor: Brian Heath Witzen
    Spring 2017 Instructor: Peter Murrell
    Fall 2016 Instructor: Peter Murrell
    Summer 2016 II Instructor: Brian Heath Witzen
ECON175: Inequality: Determinants and Policy Remedies
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 Offering
    Fall 2017 Instructor: Erin Moody
    Fall 2016 Instructor: Ethan Kaplan
    Fall 2015 Instructor: Ethan Kaplan View Syllabus
ECON200: Principles of Micro-Economics
Introduces economic models of the behavior of individual consumers and business firms, problems of international trade, the distribution of income, policies for eliminating poverty and discrimination, the problems of environmental pollution, and the impact of different market structures upon economic activity.
Course Offering
    Winter 2017 Instructor: Thomas Hegland
    Fall 2017 Instructor: Robert M. Schwab
    Fall 2017 Instructor: Hossein Abbasi
    Summer 2017 II Instructor: Gentry Johnson
    Summer 2017 I Instructor: Ibraheem Catovic
ECON201: Principles of Macro-Economics
An introduction to the problems of unemployment, inflation, and economi growth. Emphasis on roles of monetary and fiscal policy in the conduct of macroeconomic policy.
Course Offering
    Winter 2017 Instructor: Veronika Penciakova
    Fall 2017 Instructor: John Shea
    Fall 2017 Instructor: John Neri
    Summer 2017 II Instructor: Svetlana Pivovarova
    Summer 2017 I Instructor: Xing Hong
ECON300: Methods and Tools for Economic Analysis
Covers several mathematics techniques and demonstrates their application to a wide variety of models and problems in both microeconomic and macroeconomic analysis. Reviews concepts from algebra and elementary calculus and introduces components of multivariable calculus, linear algebra and differential equations.
Course Offering
    Spring 2017 Instructor: Nicholas Montgomery
    Winter 2016 Instructor: Ian Chadd
    Fall 2016 Instructor: Nicholas Montgomery
    Summer 2016 I Instructor: Ian Chadd
    Spring 2016 Instructor: Nicholas Montgomery View Syllabus
ECON305: Intermediate Macroeconomic Theory and Policy
Analysis of the determination of national income, employment, and price levels. Discussion of consumption, investment, inflation, and government fiscal and monetary policy.
Course Offering
    Winter 2017 Instructor: Feng Zhang
    Fall 2017 Instructor: John Neri
    Fall 2017 Instructor: Martina Copelman
    Summer 2017 II Instructor: Unlisted/TBD
    Summer 2017 I Instructor: Veronika Penciakova
ECON311: American Economic History Before the Civil War
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 Offering
    Fall 2017 Instructor: John Joseph Wallis
    Spring 2017 Instructor: John Joseph Wallis
    Fall 2016 Instructor: John Joseph Wallis
    Summer 2016 I Instructor: Mateo Uribe-Castro
    Spring 2016 Instructor: John Joseph Wallis View Syllabus
ECON315: Economic Development of Underdeveloped Areas
Analysis of the economic and social characteristics of underdeveloped areas. Recent theories of economic development, obstacles to development, policies and planning for development.
Course Offering
    Winter 2017 Instructor: Unlisted/TBD
    Fall 2017 Instructor: Bryan Hardy
    Fall 2017 Instructor: Stefania Scandizzo
    Fall 2017 Instructor: Unlisted/TBD
    Summer 2017 II Instructor: Unlisted/TBD
ECON317: Global Economic Policies
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 Offering
    Fall 2017 Instructor: Naveen Sarna
    Fall 2017 Instructor: Martina Copelman
    Summer 2017 I Instructor: Emekcan Yucel
    Spring 2017 Instructor: Naveen Sarna
    Fall 2016 Instructor: Naveen Sarna
ECON321: Economic Statistics
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 Offering
    Fall 2017 Instructor: Andrew Sweeting
    Spring 2017 Instructor: Unlisted/TBD
    Winter 2016 Instructor: Hsuan Yu
    Fall 2016 Instructor: Yue Chao
    Summer 2016 II Instructor: Yue Chao
ECON325: Intermediate Macroeconomic Analysis
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 Offering
    Fall 2017 Instructor: L. Luminita Stevens
    Summer 2017 I Instructor: Can Sever
    Spring 2017 Instructor: L. Luminita Stevens
    Winter 2016 Instructor: Emekcan Yucel
    Fall 2016 Instructor: Can Sever
ECON326: Intermediate Microeconomic Analysis
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 Offering
    Fall 2017 Instructor: Ginger Zhe Jin
    Summer 2017 II Instructor: Unlisted/TBD
    Spring 2017 Instructor: Unlisted/TBD
    Winter 2016 Instructor: Svetlana Pivovarova
    Fall 2016 Instructor: Ethan Kaplan
ECON330: Money and Banking
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 Offering
    Winter 2017 Instructor: Rodrigo Heresi
    Fall 2017 Instructor: John Neri
    Summer 2017 II Instructor: Yang Liu
    Spring 2017 Instructor: John Neri
    Winter 2016 Instructor: Joonkyu Choi
ECON340: International Economics
Covers economic models of international transactions, exchange rates, and balance of payments. Analysis of policies of protection, devaluation, and exchange rate stabilization and their consequences.
Course Offering
    Fall 2017 Instructor: Stefania Scandizzo
    Fall 2017 Instructor: Stefania Scandizzo
    Summer 2017 I Instructor: Stefania Scandizzo
    Fall 2016 Instructor: Stefania Scandizzo
    Fall 2016 Instructor: Stefania Scandizzo
ECON396: Independent Honors Study
Normally taken in senior year. Course will explore selected topics in economic theory and its application in depth. Analysis of methodologies in economic research and the development of student skills in research methods. Students will prepare workshop papers.
Course Offering
    Fall 2017 Instructor: Nuno Limão Co-Instructor: Nicholas Montgomery
    Fall 2016 Instructor: Nuno Limão
    Fall 2015 Instructor: Nuno Limão View Syllabus
ECON401: Current Issues in American Economic Policy
Analysis of current economic problems and public policies. Topics include increasing competitiveness, mitigating poverty, addressing harmful effects of income inequality, promoting environmental sustainability, and facilitating economic stability and growth.
Course Offering
    Fall 2017 Instructor: Erin Moody
    Fall 2017 Instructor: Thomas Hegland
    Summer 2017 II Instructor: Thomas Hegland
    Spring 2017 Instructor: Erin Moody
    Spring 2017 Instructor: Thomas Hegland
ECON414: Game Theory
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 Offering
    Fall 2017 Instructor: Gustavo Saraiva
    Fall 2017 Instructor: Yong Paek
    Fall 2017 Instructor: Robert M. Schwab
    Summer 2017 II Instructor: Yong Paek
    Summer 2017 I Instructor: Gustavo Saraiva
ECON416: Theory of Economic Development
Economic theory of the developing nations; role of innovation, capital formation, resources, institutions, trade and exchange rates, and governmental policies.
Course Offering
    Spring 2017 Instructor: Jessica Goldberg
    Spring 2017 Instructor: Jessica Goldberg
    Spring 2016 Instructor: Jessica Goldberg View Syllabus
    Spring 2016 Instructor: Jessica Goldberg View Syllabus
    Spring 2016 Instructor: Sebastian Galiani
ECON422: Econometrics I
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 Offering
    Winter 2017 Instructor: Unlisted/TBD
    Fall 2017 Instructor: Unlisted/TBD
    Fall 2017 Instructor: Unlisted/TBD
    Summer 2017 II Instructor: Shunjie Tu
    Spring 2017 Instructor: Shunjie Tu
ECON423: Econometrics II
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 Offering
    Fall 2017 Instructor: Guido Kuersteiner
    Fall 2017 Instructor: Maureen Cropper
    Spring 2017 Instructor: John Chao
    Fall 2016 Instructor: Guido Kuersteiner
    Spring 2016 Instructor: Maureen Cropper View Syllabus
ECON424: Computer Methods in Economics
Database development from Internet and other sources, research methods, and statistical analysis in economics using EXCEL and SAS.
Course Offering
    Winter 2017 Instructor: Yongjoon Park
    Fall 2017 Instructor: Hossein Abbasi
    Fall 2017 Instructor: Hossein Abbasi
    Fall 2017 Instructor: Yue Chao
    Fall 2017 Instructor: Fo Kodjo Aflagah
ECON435: Financial Markets and the Macroeconomy
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 Offering
    Fall 2017 Instructor: Can Sever
    Fall 2017 Instructor: Unlisted/TBD
    Summer 2017 I Instructor: Rodrigo Heresi
    Spring 2017 Instructor: Hyung Choi
    Spring 2017 Instructor: Can Sever
ECON442: Globalization and Capital Markets
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 Offering
    Fall 2017 Instructor: Felipe Saffie
    Spring 2017 Instructor: Sebnem Kalemli-Ozcan
    Fall 2016 Instructor: Felipe Saffie
    Spring 2016 Instructor: Sebnem Kalemli-Ozcan View Syllabus
    Spring 2016 Instructor: Unlisted/TBD View Syllabus
ECON443: International Trade and Trade Policy in the New Global Economy
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 Offering
    Fall 2017 Instructor: Unlisted/TBD
    Fall 2017 Instructor: Unlisted/TBD
    Spring 2017 Instructor: Stefania Scandizzo
    Spring 2017 Instructor: Yang Xu
    Fall 2016 Instructor: Yang Xu
ECON454: Public Finance and Public Policy
Study of welfare economics and the theory of public goods, taxation, public expenditures, benefit-cost analysis, and state and local finance. Applications of theory to current policy issues.
Course Offering
    Winter 2017 Instructor: Brian Heath Witzen
    Fall 2017 Instructor: Kenneth Coriale
    Fall 2017 Instructor: Riley Wilson
    Summer 2017 I Instructor: Kenneth Coriale
    Spring 2017 Instructor: Kenneth Coriale
ECON460: Industrial Organization
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 Offering
    Fall 2017 Instructor: Andrew Sweeting
    Fall 2016 Instructor: Andrew Sweeting
    Summer 2016 II Instructor: Hao Bo
    Fall 2015 Instructor: Andrew Sweeting View Syllabus
ECON470: Labor Economics:Theory and Evidence
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 Offering
    Spring 2017 Instructor: Judith K. Hellerstein
    Spring 2017 Instructor: Judith K. Hellerstein
    Fall 2015 Instructor: Judith K. Hellerstein
ECON601: Macroeconomic Analysis I
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 Offering
    Fall 2016 Instructor: John Shea Co-Instructor: Allan Drazen
    Fall 2015 Instructor: John Shea Co-Instructor: Allan Drazen
ECON603: Microeconomic Analysis I
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 Offering
    Fall 2016 Instructor: Emel Filiz Ozbay Co-Instructor: Lawrence Ausubel
    Fall 2015 Instructor: Emel Filiz Ozbay Co-Instructor: Lawrence Ausubel View Syllabus
ECON616: Economic Development II
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 Offering
    Fall 2016 Instructor: Jessica Goldberg
    Fall 2015 Instructor: Jessica Goldberg View Syllabus
ECON623: Econometrics II
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 Offering
    Fall 2016 Instructor: John Chao
    Fall 2015 Instructor: John Chao View Syllabus
ECON635: Experimental Economics
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 Offering
    Fall 2016 Instructor: Erkut Ozbay
    Fall 2015 Instructor: Erkut Ozbay View Syllabus
ECON652: Public Economics I
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 Offering
    Fall 2015 Instructor: Lesley J. Turner View Syllabus
ECON662: Theories of Industrial Organization
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 Offering
    Fall 2016 Instructor: Daniel R. Vincent
    Fall 2015 Instructor: Daniel R. Vincent View Syllabus
ECON701: Advanced Macroeconomics I
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 Offering
    Fall 2016 Instructor: Boragan Aruoba
    Fall 2015 Instructor: Boragan Aruoba View Syllabus
ECON721: Econometrics III
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 Offering
    Fall 2016 Instructor: John Chao
    Fall 2015 Instructor: John Chao View Syllabus
ECON741: Advanced International Economics I
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 Offering
    Fall 2016 Instructor: Felipe Saffie
    Fall 2015 Instructor: Felipe Saffie View Syllabus
ECON742: Advanced International Economics II
Comparative advantage, Heckscher-Ohlin theory, specific-factors model, empirical verification, economies of scale, imperfect competition, commercial policy, factor mobility.
Course Offering
    Fall 2016 Instructor: Nuno Limão
    Fall 2015 Instructor: Nuno Limão View Syllabus
ECON754: Topics in Political Economy I
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 Offering
    Fall 2016 Instructor: Allan Drazen
    Fall 2015 Instructor: Allan Drazen View Syllabus
ECON771: Advanced Labor Economics: Theory and Evidence
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 Offering
    Fall 2016 Instructor: Judith K. Hellerstein
    Fall 2015 Instructor: Sergio Urzua View Syllabus