Course Offerings

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
ECON155: Economics & the College Affordability Crisis
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 Offering
    Spring 2017 Instructor: Cindy Clement
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
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: 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
ECON397: Honors Thesis
General supervision will be provided through assembled meetings with the professor in charge of the course.
Course Offering
    Spring 2017 Instructor: Nuno Limão
    Spring 2016 Instructor: Nuno Limão
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
ECON401H: 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.
[Future instances TBD]
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
ECON407: Advanced Macroeconomics
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 Offering
    Spring 2017 Instructor: Martina Copelman
    Spring 2016 Instructor: Martina Copelman View Syllabus
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
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: Sebastian Galiani
    Spring 2016 Instructor: Jessica Goldberg View Syllabus
    Spring 2016 Instructor: Jessica Goldberg View Syllabus
ECON418C: Economic Development of Selected Areas; China
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 Offering
    Fall 2016 Instructor: Hao Bo
ECON418M: Economic Development of Selected Areas; Middle East
Economic Development of Selected Areas; Middle East
Course Offering
    Spring 2017 Instructor: Hossein Abbasi
    Spring 2016 Instructor: Hossein Abbasi View Syllabus
    Spring 2016 Instructor: Hossein Abbasi View Syllabus
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
ECON427: Experimental Economics
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 Offering
    Spring 2017 Instructor: Emel Filiz Ozbay
    Spring 2016 Instructor: Emel Filiz Ozbay
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
ECON461: Economics of Regulation and Anti-trust
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 Offering
    Fall 2016 Instructor: Cindy Clement View Syllabus
    Spring 2016 Instructor: Cindy Clement
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
ECON463: Economics of Sports
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 Offering
    Summer 2017 II Instructor: Nicholas Montgomery
    Summer 2017 I Instructor: Nicholas Montgomery
ECON465: Health Economics
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 Offering
    Spring 2017 Instructor: Erin Moody
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
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
ECON472: Social Safety Nets
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 of 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 Offering
    Spring 2017 Instructor: Sergio Urzua
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
ECON499: Independent Research in Economics
Directed research under the supervision of a faculty member. Contact department for additional information.
[Future instances TBD]
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
ECON602: Macroeconomic Analysis II
Further issues regarding macroeconomic topics. First half emphasis will be placed on dynamic macroeconomic theory as pertaining to monetary issues, policy ineffectiveness and effectiveness. The second half of the course will focus on theories of investment and growth.
Course Offering
    Spring 2017 Instructor: Boragan Aruoba Co-Instructor: John C. Haltiwanger
    Spring 2016 Instructor: John C. Haltiwanger Co-Instructor: Boragan Aruoba View Syllabus
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
ECON604: Microeconomic Analysis II
Analysis of markets and market equilibria; the Arrow-Debreu model of general equilibrium, the two-sector model, welfare theorems, externalities, public goods, markets with incomplete and asymmetric information.
Course Offering
    Spring 2017 Instructor: Erkut Ozbay Co-Instructor: Daniel R. Vincent
    Spring 2016 Instructor: Erkut Ozbay Co-Instructor: Daniel R. Vincent View Syllabus
ECON611: Origins and Development of Capitalism
Institutions and technology shaping pre-capitalist economies: Archaic, Greek and Roman, Feudal, and Mercantile. Rise of the market system, national economies, and capitalism. The nature of industrial society. Imperialism.
Course Offering
    Spring 2017 Instructor: John Joseph Wallis
    Spring 2016 Instructor: John Joseph Wallis
ECON615: Development Economics I
Explore both the causes and consequences in development economics from a historical and scientific approach. Presents theoretical models and applied work that test alternative hypotheses. Explore models of economic growth and institutions, with emphasis on property rights and political regimes as causal factors affecting development. Discuss empirical methods widely used in the field and important related topics including poverty, inequality, education and health.
Course Offering
    Spring 2016 Instructor: Sebastian Galiani 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
ECON624: Econometrics II
A continuation of ECON623. Topics include: Nonlinear models and nonlinear estimation methods (generalized method of moments and maximum likelihood estimation), panel data models, univariate dynamic models, multivariate dynamic models including simultaneous equation models, and non-parametric/semiparametric estimation methods. The course will also provide instructions on the use of a major statistical package such as Stata or TSP.
Course Offering
    Spring 2017 Instructor: Ingmar Prucha Co-Instructor: Guido Kuersteiner
    Spring 2016 Instructor: Ingmar Prucha Co-Instructor: Guido Kuersteiner View Syllabus
ECON625: Computational Economics
An examination of the specification, computation, estimation and interpretation of structural models that are widely used in applied microeconomics (empirical and theoretical Industrial Organization, public and urban economics, environmental economics, development, political economy (e.g., voting), health and education economics, trade) and Marketing. The focus will be on how to use these models in practice, and students will solve and estimate models in weekly problem sets, with solutions/code being discussed in class.
Course Offering
    Fall 2016 Instructor: Andrew Sweeting
ECON626: Empirical Microeconomics
To provide students with the opportunity to use empirical techniques that are particularly valuable in the analysis of microeconomic data. Topics include panel data, nonlinear optimization, limited dependent variables, truncated, censored, selected samples, the analysis of natural experiments, and quantile regressions. This course will emphasize hands-on practical experience.
Course Offering
    Fall 2016 Instructor: Pamela Jakiela
ECON630: Computational Methods in Macroeconomics
Essential computational methods used in macroeconomics. There will be particular focus on approximating the solution to dynamic stochastic general equilibrium models. Methods for representative-agent and heterogeneous-agent models will be extensively studied. Econometric methods such as Generalized Method of Moments, Maximum Likelihood, Vector Autoregressions wil also be covered. Beginning on Fri, October 23rd, students will need to attend an evening meeting from 5:30p-830p
Course Offering
    Fall 2016 Instructor: Felipe Saffie
    Fall 2016 Instructor: Boragan Aruoba
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
ECON636: Behavioral Economics
An exploration of how people make decisions, questioning the concept of "perfect rationality" in the standard economic theory, providing improved models in line with the observed biases of decision makers. Focusing on decision making under risk and ambiguity, endowment effect, status quo bias, loss aversion, intertemporal choice, and selfish and pro-social preferences.
Course Offering
    Spring 2017 Instructor: Emel Filiz Ozbay
ECON641: Microeconomic Analysis
Microeconomic analysis applied to public policy problems with an emphasis on practical examples and how they illustrate microeconomic theories. Policy issues such as pollution, welfare and income distribution, market design, industry regulation, price controls, tax policy and health insurance are practical examples used to illustrate the abstract principles of microeconomics.
Course Offering
    Spring 2015 Instructor: John Straub View Syllabus
    Fall 2014 Instructor: John Straub View Syllabus
ECON643: Empirical Analysis I: Foundations of Empirical Research
Fundamental aspects of data management and interpretation emphasizing sampling, descriptive statistics, index numbers and construction of aggregated variables. Students will learn probability theory, confidence intervals, hypothesis testing and regression analysis using the EXCEL spreadsheet program and STATA statistical software.
Course Offering
    Spring 2017 Instructor: John Straub View Syllabus
    Fall 2016 Instructor: John Straub View Syllabus
ECON645: Empirical Analysis III: Econometric Modeling and Forecasting
Study of empirical techniques that are particularly relevant to the analysis of microeconomic models. Emphasis is on advanced panel data methods, time series regressions, instrumental variables, limited dependent variables, and sample selection corrections.
[Future instances TBD]
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
ECON664: Empirical Studies in Industrial Organization
Review recent empirical literature in industrial organization. Covers price discrimination, cartel and collusion, entry and market structure, information and competition, technological change and adoption, auction, and firm organization.
[Future instances TBD]
ECON671: Economics of Health Care
An examination of the structure, conduct and performance of the health care market, including a study of physician services, the pharmaceutical industry, the hospital market and health insurance. Extensive use of quantitative and analytic economic tools with special emphasis on regulatory response to market imperfections.
[Future instances TBD]
ECON674: Economic Analysis of Law
A study of the application of economics to law with a focus on game theory, strategic behavior and public policy.
[Future instances TBD]
ECON675: Environmental Economics
A study of the nature of environmental regulation focusing on U.S. environmental policies and policy debates.
[Future instances TBD]
ECON698A: Selected Topics in Economics; Behavioral Economics
Behavioral and Experimental Economics
Course Offering
    Spring 2016 Instructor: Emel Filiz Ozbay
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
ECON702: Advanced Macroeconomics II
Selected issues in monetary economics with an equal emphasis of learning the models and understanding important issues: a survey of models (cash-in-advance, money-in-the-utility-function, transaction cost, search-based models), empirical issues in monetary economics, business cycles and money, monetary policy, welfare cost of inflation, alternative media of exchange.
Course Offering
    Spring 2017 Instructor: L. Luminita Stevens
    Spring 2016 Instructor: John C. Haltiwanger View Syllabus
ECON703: Advanced Microeconomics I
Formal treatment of game theory and its microeconomic applications are presented, emphasizing dynamics and information. Equilibrium concepts for static and dynamic games, and games with complete and incomplete information are studied. Topics also discussed: mechanism design, efficiency, reputations, signaling, and screening.
Course Offering
    Fall 2016 Instructor: Unlisted/TBD
ECON704: Advanced Microeconomics II
This is the second half of a two-semester sequence in Advanced Microeconomics, intended for second-year Ph.D. students. The course material varies from year-to-year, but currently it focuses on auction theory, matching theory, and the relationship between matching and auction theory. Other topics that are treated in some years include: sequential bargaining under incomplete information; and equilibrium refinements.
Course Offering
    Spring 2017 Instructor: Lawrence Ausubel
    Spring 2016 Instructor: Lawrence Ausubel
ECON708: Advanced Topics in Applied and Theoretical Microeconomics
Advanced Topics in Applied and Theoretical Microeconomics
Course Offering
    Spring 2017 Instructor: Daniel R. Vincent
    Spring 2017 Instructor: Lesley J. Turner
    Spring 2017 Instructor: Sergio Urzua
    Spring 2017 Instructor: Jessica Goldberg
    Fall 2016 Instructor: Sebastian Galiani
ECON709: Advanced Topics in Applied and Theoretical Macroeconomics
Advanced Topics in Applied and Theoretical Macroeconomics
Course Offering
    Spring 2017 Instructor: Peter Coughlin
    Spring 2017 Instructor: Felipe Saffie
    Spring 2017 Instructor: Ingmar Prucha
    Spring 2017 Instructor: John Chao
    Fall 2016 Instructor: John Chao
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
ECON722: Econometrics IV
Oriented towards micro-econometric methods. Topics covered will be selected from the following: Further discussion of topics covered in ECON624, binary and multinomial response models, censored and truncated regression models, sample selection models, count data models, duration models program evaluation and treatment effects methods, structural econometrics, the identification problem, stratified and clustered samples, spatial/cross sectional dependence models, dynamic panel data models, weak instruments, non-parametric estimation, boot strap and Jack Knife methods, pre-test estimators.
Course Offering
    Spring 2017 Instructor: Ingmar Prucha Co-Instructor: Guido Kuersteiner
    Spring 2016 Instructor: Ingmar Prucha Co-Instructor: Guido Kuersteiner 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
ECON743: Topics in International Finance
Puzzles in international finance; portfolio balance, current account dynamics, exchange rate behavior; capital market imperfections; balance of payments crises.
Course Offering
    Spring 2017 Instructor: Sebnem Kalemli-Ozcan
    Spring 2016 Instructor: Sebnem Kalemli-Ozcan
ECON745: Advanced Topics in International Trade
Designed primarily for students planning to write dissertations on a topic related to international trade. Its focus is on recent research in this field including tests of trade theories; the effects of trade on growth and knowledge diffusion; the political economy of trade policy and the theory and practice of trade agreements.
Course Offering
    Spring 2017 Instructor: Unlisted/TBD
    Spring 2017 Instructor: Eunhee Lee View Syllabus
    Spring 2016 Instructor: Unlisted/TBD View Syllabus
ECON752: Public Economics II
Theoretical and empirical issues in taxation and redistribution, with a particular emphasis on the U.S. experience. Major topics covered include the theory of optimal income taxation and transfer program design; U.S. anti-poverty and income support programs; taxes and labor supply among both low- and high-income individuals; taxable income elasticities; tax incidence and efficiency; and individual savings behavior, in particular as it relates to taxation and public policy.
Course Offering
    Spring 2017 Instructor: Melissa Kearney
    Spring 2016 Instructor: Melissa Kearney 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
ECON756: Empirical Political Economics
An introduction to empirical political economy. Determinants of individual political behavior and the impact of political rules on economic outcomes will both be analyzed. Modern applied econometric techniques will also be covered.
Course Offering
    Spring 2016 Instructor: Ethan Kaplan
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
ECON772: Population Economics
Covers the central ideas in population economics. These include theory and test of theories of mortality, fertility and immigration.
Course Offering
    Spring 2017 Instructor: Sergio Urzua
    Spring 2016 Instructor: Judith K. Hellerstein
ECON781: Valuing Environmental Benefits
The theory and practice of valuing environmental benefits, including the health, recreation and aesthetic benefits associated with controlling air and water pollution, and the damages associated with climate change. Estimation of the benefits of energy efficiency improvements-including the benefits of fuel economy standards.
Course Offering
    Spring 2017 Instructor: Maureen Cropper
ECON785: Advanced Economics of Natural Resources
The use of exhaustible and renewable natural resources from normative and positive points of view. Analysis of dynamic resource problems emphasizing energy, mineral, groundwater, forestry, and fishery resources; optimal, equilibrium, and intergenerational models of resource allocation. Also offered as AREC785. Credit will be granted for one of the following: AREC785 or ECON785.
Course Offering
    Fall 2016 Instructor: Unlisted/TBD
ECON799: Master's Thesis Research
Master's Thesis Research
Course Offering
    Summer 2017 II Instructor: John Shea
    Summer 2017 I Instructor: John Shea
    Spring 2017 Instructor: Unlisted/TBD
    Fall 2016 Instructor: Unlisted/TBD
    Summer 2016 II Instructor: John Shea
ECON808: Workshop on Macroeconomics and Growth; Workshop in Applied Economics
Workshop on Macroeconomics and Growth; Workshop in Applied Economics
Course Offering
    Spring 2017 Instructor: John Chao
    Spring 2017 Instructor: Felipe Saffie
    Spring 2017 Instructor: Guido Kuersteiner
    Spring 2017 Instructor: Peter Coughlin
    Fall 2016 Instructor: L. Luminita Stevens
ECON828: Workshop in Econometrics
Workshop in Econometrics
Course Offering
    Spring 2017 Instructor: Ingmar Prucha
    Fall 2016 Instructor: John Chao
    Spring 2016 Instructor: Ingmar Prucha
ECON848: Workshop in International Development, and Comparative Economics
Workshop in International Development, and Comparative Economics
Course Offering
    Spring 2017 Instructor: Allan Drazen
    Fall 2016 Instructor: Allan Drazen
    Spring 2016 Instructor: Allan Drazen
ECON868: Workshop in Industrial Organization
Workshop in Industrial Organization
Course Offering
    Spring 2017 Instructor: Erkut Ozbay
    Spring 2017 Instructor: Daniel R. Vincent
    Fall 2016 Instructor: Emel Filiz Ozbay
    Fall 2016 Instructor: Daniel R. Vincent
    Spring 2016 Instructor: Daniel R. Vincent
ECON878: Workshop in Labor Economics
Workshop in Labor Economics
Course Offering
    Spring 2017 Instructor: Unlisted/TBD
    Spring 2017 Instructor: Jessica Goldberg
    Fall 2016 Instructor: Sergio Urzua
    Fall 2016 Instructor: Sebastian Galiani
    Spring 2016 Instructor: Jessica Goldberg
ECON898: Pre-Candidacy Research
Pre-Candidacy Research
Course Offering
    Winter 2017 Instructor: John Shea
    Summer 2017 II Instructor: John Shea
    Summer 2017 I Instructor: John Shea
    Spring 2017 Instructor: Unlisted/TBD
    Winter 2016 Instructor: John Shea
ECON899: Doctoral Dissertation Research
Doctoral Dissertation Research
Course Offering
    Winter 2017 Instructor: John Shea
    Summer 2017 II Instructor: John Shea
    Summer 2017 I Instructor: John Shea
    Spring 2017 Instructor: Unlisted/TBD
    Winter 2016 Instructor: John Shea
HONR259G: Fairness, Inequality, and Democracy
Honors Seminar: Fairness, Inequality, and Democracy
Course Offering
    Fall 2017 Instructor: Allan Drazen