Courses Offered in Fall 2017

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: Unlisted/TBD View Syllabus
    Winter 2017 Instructor: Thomas Hegland
    Fall 2017 Instructor: Robert M. Schwab
    Fall 2017 Instructor: Hossein Abbasi
    Summer 2017 II Instructor: Gentry Johnson
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
ECON230: Applied Economic Statistics
Introductory course to develop understanding of statistical concepts used in applied economics. Students will acquire skills needed to calculate and interpret statistical concepts, including descriptive statistics, probability, discrete and continuous distributions, sampling, point and interval estimations, hypothesis testing, basic analysis of variance, and simple linear regression models. Students will apply these concepts to data using both handheld calculators and spreadsheets(Excel), and students will be introduced to an econometric software package such as SPSS or SAS or R.
Course Offering
    Winter 2017 Instructor: Terry Pack
    Fall 2017 Instructor: Satyendra Verma
    Summer 2017 II Instructor: Jiankun Chen
    Summer 2017 I Instructor: Terry Pack
    Spring 2017 Instructor: Satyendra Verma
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: Can Sever
    Summer 2017 I Instructor: Veronika Penciakova
ECON306: Intermediate Microeconomic Theory and Policy
Analysis of the theories of consumer behavior, producer behavior, different market structures, and various sources of inefficient outcomes. Analysis of microeconomic policies designed to improve market outcomes.
Course Offering
    Winter 2017 Instructor: Unlisted/TBD
    Fall 2017 Instructor: Peter Coughlin
    Fall 2017 Instructor: Satyendra Verma
    Summer 2017 II Instructor: Haomin Yan
    Summer 2017 I Instructor: Prateik Dalmia
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: Stefania Scandizzo
    Fall 2017 Instructor: Unlisted/TBD
    Fall 2017 Instructor: Bryan Hardy
    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: Yi (Laura) Zhao
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
ECON386: Experiential Learning
See Department Advising Office for course eligibility, course requirements, and application information. Contact department for information to register for this course.
Course Offering
    Fall 2017 Instructor: Cindy Clement
    Summer 2017 II Instructor: Cindy Clement Co-Instructor: Kendra Barber
    Spring 2017 Instructor: Cindy Clement
    Fall 2016 Instructor: Cindy Clement
    Summer 2016 I Instructor: Cindy Clement
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
ECON398J: The History of Economic Policy in Palestine/Israel
This course examines economic policy in Palestine/Israel from 1909 (under Ottoman rule) through the British Mandate (1922-48) until 1988, when the current neo-liberal economic policy began. It will examine how the governments and society dealt with issues such as growth versus equality (distributive justice); ideology versus praxis; local original policy versus imported policy; and politics versus academic economics who decides and under what circumstances?
Course Offering
    Fall 2017 Instructor: Unlisted/TBD
ECON399: Independent Study in Economics
Integrated readings and independent study under direction and supervision of a faculty member. Contact department for additional information.
Course Offering
    Fall 2017 Instructor: Unlisted/TBD
    Summer 2017 II Instructor: Unlisted/TBD
    Summer 2017 I Instructor: Unlisted/TBD
    Fall 2016 Instructor: Unlisted/TBD
    Summer 2016 II Instructor: Unlisted/TBD
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
ECON402: Macroeconomic Models and Forecasting
Analysis of the fluctuations in economic activity and the formulation and use of forecasting models of the economy. Illustrations of computer macro models and forecasting problems.
Course Offering
    Fall 2017 Instructor: Boragan Aruoba
ECON406: Advanced Microeconomics
Expands on the models of rational decision-making developed in intermediate microeconomics and develops more complicated, more realistic models. In particular, many problems currently plaguing society involve uncertainty and asymmetric information, and much of modern microeconomics uses game theory to understand interactions between economic actors. The course will contrast market situations (referred to as games) characterized by complete information with those where economic actors have incomplete information. The differences between static and dynamic situations will also be examined.
Course Offering
    Fall 2017 Instructor: Erkut Ozbay
    Fall 2016 Instructor: Erkut Ozbay
ECON412: Economic History and Modern Development
Analysis of major economic, political, and social change in the developed world since 1800. This includes factors contributing to increases in economic performance, changes in the form of government, technological change (including industrialization), and integration and disintegration of the global economy. Emphasis is on institutional changes in how societies organize economic and political activities.
Course Offering
    Fall 2017 Instructor: Serguey Braguinsky
    Fall 2016 Instructor: Serguey Braguinsky
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: Robert M. Schwab
    Fall 2017 Instructor: Gustavo Saraiva
    Fall 2017 Instructor: Yong Paek
    Summer 2017 II Instructor: Yong Paek
    Summer 2017 I Instructor: Gustavo Saraiva
ECON415: Market Design
Most decisions are not made in isolation, but involve interaction with others. Applies the foundations of game theory learned in ECON414 to several important topics in business and economics. Emphasis is on topics of practical importance: negotiation, markets with few participants, pricing and incentives.
Course Offering
    Fall 2017 Instructor: Daniel R. Vincent
    Fall 2016 Instructor: Daniel R. Vincent
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
ECON426: Economics of Cost-Benefit Analysis
Study of how to use cost benefit analysis and other similar tools of applied microeconomics to conduct policy analyses. Cost-benefit analysis is an empirical method of identifying an optimal choice from a set of policy alternatives, where optimal is defined in terms of economic efficiency. Real world examples are addressed, so that students understand limitations of the methods and also interactions of economic analysis with political and administrative processes.
Course Offering
    Fall 2017 Instructor: Unlisted/TBD
    Fall 2017 Instructor: Gentry Johnson
    Spring 2017 Instructor: Unlisted/TBD
    Fall 2016 Instructor: Unlisted/TBD
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: Unlisted/TBD
    Fall 2017 Instructor: Can Sever
    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
ECON451: Public Choice
Analysis of collective decision making, economic models of government, program budgeting, and policy implementation; emphasis on models of public choice and institutions which affect decision making.
Course Offering
    Fall 2017 Instructor: Peter Coughlin
    Spring 2017 Instructor: Peter Coughlin
    Spring 2017 Instructor: Peter Coughlin
    Spring 2017 Instructor: Peter Coughlin
    Fall 2016 Instructor: Peter Coughlin
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: Riley Wilson
    Fall 2017 Instructor: Kenneth Coriale
    Summer 2017 I Instructor: Kenneth Coriale
    Spring 2017 Instructor: Kenneth Coriale
ECON456: Law and Economics
Relationship of the exchange process to the system of institutions and rules that society develops to carry out economic transactions. Topics covered include: Property rights; torts, negligence, and liability; contracts and exchanges; criminal control and enforcement; equity and efficiency issues .
Course Offering
    Fall 2017 Instructor: Unlisted/TBD
    Fall 2017 Instructor: Unlisted/TBD
    Spring 2017 Instructor: Unlisted/TBD
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
ECON462: Economics of Entrepreneurship
Economic theory highlights the role of entrepreneurs in fueling economic growth and accomplishing reallocation of resources in response to changes in preferences, technology, demographics, and resource. This course uses empirical evidence to examine the extent to which these predictions are valid. To more fully understand the motivations and constraints relevant to entrepreneurs, student will write a business plan as if s/he were starting a new business.
Course Offering
    Fall 2017 Instructor: Unlisted/TBD
    Fall 2016 Instructor: Unlisted/TBD
ECON471: Labor Markets
Central topics include the determinants of firms' demand for labor and households' decision making about whether to work, how much to work, and where to work. We will then study the equilibrium amount of labor hired in society and the wages paid to workers. The course will also include the measurement of the labor market, human capital, discrimination, incentives, and current changes in the American economic landscape. Various economic policies impacting labor markets will be analyzed.
Course Offering
    Fall 2017 Instructor: Nicholas Montgomery
    Spring 2017 Instructor: Nicholas Montgomery
    Spring 2017 Instructor: Nicholas Montgomery
ECON488K: Applied Market Research Practicum; Kaulkin Ginsberg Research Fellow
Students will work in small groups (3-4 per group) to gather macroeconomic and industry-specific data, analyze and interpret this information, and use findings to develop recommendations for simulated clients. Each semester’s research will focus on a different business line. Each group will examine data pertaining to unemployment rates, personal income, uncollectible debt, and collection laws. They will analyze this data with an eye to the accounts receivable management industry and private collection agencies, explaining their findings in a final executive summary and a visual presentation.
Course Offering
    Fall 2017 Instructor: Cindy Clement
    Spring 2017 Instructor: Unlisted/TBD
    Fall 2016 Instructor: Cindy Clement
    Spring 2016 Instructor: Cindy Clement
ECON490: Urban & Regional Economics: Issues and Policies
Exploration of urban and regional economics and policies, including economic forces leading to formation of city and regional networks. Conceptual and empirical analysis of policies affecting land use, housing, transportation and other aspects of sub-national economic development.
Course Offering
    Fall 2017 Instructor: Nicholas Montgomery
    Fall 2017 Instructor: Nicholas Montgomery
    Fall 2016 Instructor: Nicholas Montgomery
    Fall 2016 Instructor: Nicholas Montgomery
HONR259G: Fairness, Inequality, and Democracy
Honors Seminar: Fairness, Inequality, and Democracy
Course Offering
    Fall 2017 Instructor: Allan Drazen