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

Why have tuition and fees increased substantially over the past 30 years at almost all institutions of higher education in the US? How can quality and productivity be measured in schools? Why do most students pay considerably less than the actual cost of service provision? What is society's interest in devoting considerable resources to education beyond the high school level? How do existing and proposed governmental policies impact both the number of students pursuing a college education and the cost of this education?

Course Offerings:
    Spring 2017Instructor: Cindy Clement

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

How does society balance the benefits of environmental protection and preservation against the costs? Though some might say that the environment is priceless, economists recognize that every action involves trade-offs. This course investigates sustainability through comparing costs and benefits. From this perspective, other questions arise: How can we design policies that incentivize sustainable choices? Why might usual market functioning fail to achieve sustainability? Do we need to put a price on the environment in order to protect it? How do we measure an economy's "success"?

Course Offerings:

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

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 Offerings:
    Winter 2017Instructor: Terry Pack
    Fall 2017Instructor: Satyendra Verma
    Summer 2017 IIInstructor: Jiankun Chen
    Summer 2017 IInstructor: Terry Pack
    Spring 2017Instructor: Satyendra Verma
    Fall 2016Instructor: Satyendra Verma
    Fall 2016Instructor: Satyendra Verma
    Fall 2016Instructor: Satyendra Verma
    Summer 2016 IIInstructor: Jiankun Chen
    Summer 2016 IInstructor: Terry Pack

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: John Neri
    Fall 2017Instructor: Martina Copelman
    Summer 2017 IIInstructor: Can Sever
    Summer 2017 IInstructor: Veronika Penciakova
    Spring 2017Instructor: Martina Copelman
    Spring 2017Instructor: John Neri
    Spring 2017Instructor: Martina Copelman
    Fall 2016Instructor: John Neri
    Fall 2016Instructor: Martina Copelman

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 Offerings:
    Winter 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Peter Coughlin
    Fall 2017Instructor: Satyendra Verma
    Summer 2017 IIInstructor: Haomin Yan
    Summer 2017 IInstructor: Prateik Dalmia
    Spring 2017Instructor: Unlisted/TBD
    Spring 2017Instructor: Satyendra Verma
    Spring 2017Instructor: Unlisted/TBD
    Fall 2016Instructor: Peter Coughlin
    Fall 2016Instructor: Unlisted/TBD

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

Topics include: the economics of the Civil War, the performance of southern agriculture in the late 19th century, the rise of large corporations, industrialization, the development of financial markets, the creation of the Federal Reserve Board, the economics of the Great Depression and the New Deal, the economic impact of World War II, and the rise of the modern service economy in the late 20th century.

Course Offerings:

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: Bryan Hardy
    Fall 2017Instructor: Stefania Scandizzo
    Fall 2017Instructor: Unlisted/TBD
    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

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 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

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

See Department Advising Office for course eligibility, course requirements, and application information.
Contact department for information to register for this course.

Course Offerings:
    Fall 2017Instructor: Cindy Clement
    Summer 2017 IIInstructor: Cindy ClementCo-Instructor: Kendra Barber
    Spring 2017Instructor: Cindy Clement
    Fall 2016Instructor: Cindy Clement
    Summer 2016 IInstructor: Cindy Clement
    Spring 2016Instructor: Cindy Clement

Increase student knowledge of career paths, job search tools, and strategies for successfully obtaining a job with a BA or BS in economics. Students will engage in a range of different activities which build their understanding of job opportunities in economics and hone their abilities to find positions they want. Students will reflect on specific skills employers seek from economics graduates and incorporate that knowledge in their own individual job search and career plan.

Course Offerings:

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

General supervision will be provided through assembled meetings with the professor in charge of the course.

Course Offerings:
    Spring 2017Instructor: Nuno Limão
    Spring 2016Instructor: Nuno Limão

Integrated readings and independent study under direction and supervision of a faculty member. Contact department for additional information.

Course Offerings:
    Fall 2017Instructor: Unlisted/TBD
    Summer 2017 IIInstructor: Unlisted/TBD
    Summer 2017 IInstructor: Unlisted/TBD
    Fall 2016Instructor: Unlisted/TBD
    Summer 2016 IIInstructor: Unlisted/TBD
    Summer 2016 IInstructor: Unlisted/TBD

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: John Sabelhaus
    Fall 2016Instructor: Erin Moody
    Fall 2016Instructor: Erin Moody
    Spring 2016Instructor: Erin Moody
    Spring 2016Instructor: John Sabelhaus

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 Offerings:
    Fall 2017Instructor: Boragan Aruoba

Expands on the assumptions of rational decision-making used in intermediate microeconomics and develops more complicated, more realistic models which address uncertainty, intertemporal choices, strategic interactions, social preferences and considerations of what is fair.

Course Offerings:
    Fall 2017Instructor: Erkut Ozbay
    Fall 2016Instructor: Erkut Ozbay

An in-depth analysis of current issues in macroeconomic theory and policy. Topics covered include: 1. alternative perspectives on macroeconomics including monetarism, new classical equilibrium models, rational expectations, and real business cycle models; 2. long term growth, the slowdown in productivity growth, and concerns about U.S. competitiveness; 3. the effectiveness of macroeconomic policy in an open economy; 4. the effects of finance on the real sector.

Course Offerings:
    Spring 2017Instructor: Martina Copelman
    Spring 2016Instructor: Martina CopelmanView: Syllabus

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 Offerings:
    Fall 2017Instructor: Serguey Braguinsky
    Fall 2016Instructor: Serguey Braguinsky

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: Gustavo Saraiva
    Fall 2017Instructor: Yong Paek
    Fall 2017Instructor: Robert M. Schwab
    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: Gustavo SaraivaView: Syllabus

Focuses on recent developments in the design of markets to improve economic performance and to open new economic opportunities. It is divided into three main segments -- auction design, the design of matching mechanisms, and antitrust theory and policy.

Course Offerings:
    Fall 2017Instructor: Daniel R. Vincent
    Fall 2016Instructor: Daniel R. Vincent

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: Sebastian Galiani
    Spring 2016Instructor: Jessica GoldbergView: Syllabus
    Spring 2016Instructor: Jessica GoldbergView: Syllabus
    Fall 2015Instructor: Unlisted/TBDView: Syllabus
    Fall 2015Instructor: Unlisted/TBDView: Syllabus
    Fall 2015Instructor: Unlisted/TBDView: Syllabus

Analyzes patterns of economic and institutional development in China; assesses sources of and challenges to economic growth over the past century as China's systems have transitioned from central planning and communism to market-oriented socialism with one-party politics; and examines specific issues such as the role of foreign investment, the performance of state-owned enterprises, the tensions between central and local governments, and the economic impact of demographic policies.

Course Offerings:
    Fall 2016Instructor: Hao Bo

Using examples from different historical and geographic contexts, students will analyze both the diversity and the commonalities of economic outcomes in Latin America, with an emphasis on institutional patterns. The class analyzes the divergence between North America and Latin America since the 1700s; surveys Latin America's economic history; reviews the region's recent economic experience with macroeconomic crises and their interaction with the political sphere; and explores current topics in the region's economic development, like the war on drugs and the rise of leftist policies.

Course Offerings:

Analyzes patterns of economic and institutional development in the Middle East; assesses the general trends in economic growth, investment, and institutional changes; and examines specific issues such as population and human development, economics and politics of oil and trade, the structure of state and its role in economic development, financial markets and Islamic banking, and business environment.

Course Offerings:
    Spring 2017Instructor: Hossein Abbasi
    Spring 2016Instructor: Hossein AbbasiView: Syllabus
    Spring 2016Instructor: Hossein AbbasiView: 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: Shunjie Tu
    Spring 2017Instructor: Sergio Urzua
    Fall 2016Instructor: Shunjie Tu
    Fall 2016Instructor: Xing Hong
    Summer 2016 IIInstructor: Youngjin Yun
    Spring 2016Instructor: Youngjin YunView: Syllabus

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

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 Offerings:
    Fall 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Gentry Johnson
    Spring 2017Instructor: Unlisted/TBD
    Fall 2016Instructor: Unlisted/TBD

An introduction to the methodology of experimental economics and its application to issues such as decision-making under uncertainty, auctions, and public goods. Also an introduction to behavioral economics as a relatively new area of economic research.

Course Offerings:
    Spring 2017Instructor: Emel Filiz Ozbay
    Spring 2016Instructor: Emel Filiz Ozbay

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

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: Yang XuView: Syllabus
    Spring 2016Instructor: Stefania ScandizzoView: Syllabus
    Fall 2015Instructor: Yang XuView: Syllabus

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 Offerings:
    Fall 2017Instructor: Peter Coughlin
    Spring 2017Instructor: Peter Coughlin
    Spring 2017Instructor: Peter Coughlin
    Spring 2017Instructor: Peter Coughlin
    Fall 2016Instructor: Peter Coughlin
    Spring 2016Instructor: Peter Coughlin

Rational use and reuse of natural resources. Theory, methodology, and policies concerned with the allocation of natural resources among alternative uses. Optimum state of conservation, market failure, safe minimum standard, and cost-benefit analysis.

Course Offerings:

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: Kenneth Coriale
    Fall 2017Instructor: Riley Wilson
    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: Kenneth CorialeView: Syllabus

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 Offerings:
    Fall 2017Instructor: Unlisted/TBD
    Fall 2017Instructor: Unlisted/TBD
    Spring 2017Instructor: Unlisted/TBD

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

Considers government intervention in economic activity of three types: antitrust policy, regulation of natural monopolies, and health safety regulation. Covers theoretical models, real-world policy applications, and empirical studies relevant to the impact of regulation.

Course Offerings:
    Fall 2016Instructor: Cindy ClementView: Syllabus
    Spring 2016Instructor: Cindy Clement

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 Offerings:
    Fall 2017Instructor: Unlisted/TBD
    Fall 2016Instructor: Unlisted/TBD

The application of theoretical and empirical economic tools to the sports industry, including competition at professional,collegiate, and international levels. Microeconomic models from labor, industrial organization and public finance will be applied to the sports industry and combined with data from sports markets, providing students with opportunities to produce and interpret economic analysis. The topic of discrimination will also be explored in the context of this particular economic activity.

Course Offerings:
    Summer 2017 IIInstructor: Nicholas Montgomery
    Summer 2017 IInstructor: Nicholas Montgomery

Analyze markets for health care and related products by understanding the incentives and constraints for various participants, including individuals, family units, doctors, pharmaceutical companies, hospitals, and insurance providers. Analysis will combine both theoretical models and empirical tools.

Course Offerings:
    Spring 2017Instructor: Erin Moody

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

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 Offerings:
    Fall 2017Instructor: Nicholas Montgomery
    Spring 2017Instructor: Nicholas Montgomery
    Spring 2017Instructor: Nicholas Montgomery

Analysis of the economic issues associated with social safety nets. Topics to be covered include the cash transfer programs for breaking the cycle of poverty, labor market policies aimed at combating unemployment, childhood interventions to improve human capital development, and the challenges faced by pension systems over the world. The approach is based on a life-cycle perspective. Evidence and experiences from developed and developing countries will covered.

Course Offerings:
    Spring 2017Instructor: Sergio Urzua

An exploration of the use of economic incentives for protection of the environment and the determination of appropriate (or efficient) level of environmental quality. Also covers the choice of policy instruments for the attainment of environmental standards.

Course Offerings:

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.

Course Offerings:
    Fall 2017Instructor: Cindy Clement
    Spring 2017Instructor: Unlisted/TBD
    Fall 2016Instructor: Cindy Clement
    Spring 2016Instructor: Cindy Clement

The Wealth Management Fundamentals Program is an opportunity for undergraduate students to gain knowledge of financial instruments, financial markets, and develop expertise in investment analysis, financial planning, personal finance, and wealth management. Throughout the course relevant financial and statistical concepts, such as time value of money (present value, future value, annuity, etc.), intrinsic value, risk (standard deviation), expected value (mean), and diversification (covariance, CAPM) are emphasized.

Course Offerings:

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 Offerings:
    Fall 2017Instructor: Nicholas Montgomery
    Fall 2017Instructor: Nicholas Montgomery
    Fall 2016Instructor: Nicholas Montgomery
    Fall 2016Instructor: Nicholas Montgomery

Directed research under the supervision of a faculty member. Contact department for additional information.

Course Offerings:

Honors Seminar: Fairness, Inequality, and Democracy

Course Offerings:
    Fall 2017Instructor: Allan Drazen