Fall 2017 Courses: Descriptions and Schedule

Upper level courses that are taught in half-semester modules meet according to the following schedule: Session 1 meets 08-29-2017 – 10-23-2017 and Session 2 meets 10-24-2017 – 12-11-2017.  Empirical requirement 

ECON 701-001
 
MW 1:30-3:00PM
Microeconomic Theory I (Matthews and Postlewaite, 1 CU)
 
Theory of the consumer and producer, general equilibrium. 
ECON 703-001
 
TR 10:30-12NOON
Microeconomic Theory II: Game Theory, Information Economics, and Mechanism Design (Mailath, 1 CU)
 
Game theory, decision making under uncertainty, information economics. 
ECON 705-001
 
TR 1:30-3:00PM 
Econometrics I: Fundamentals (Cheng, 1 CU)
 
Violations of classical linear regression assumptions, nonlinear regression models (including logit, probit, etc.), diagnostic testing, distributed lag models, panel data models, identification, linear simultaneous-equations model. 
ECON 712-001
 
Tuesdays 5-8
Macroeconomic Financial Markets (Ordonez, 1 CU) Syllabus
ECON 712-002

W 2:00-4:00
Session 2
Dissertation Projects in Economic Theory: A Reading Group (Sandroni, 0.5 CU) Syllabus

[Not counted towards the upper level course requirement]Dissertation Projects in Economic Theory: A reading group

ECON 712-003 *
 
MW 9-10:30
Session 1
Econometric Methods for Program Evaluation (Todd, 0.5 CU)
 
This course will examine econometric methods for evaluating effects of program interventions. Typical interventions that might be of interest include job training or other active labor market programs, education programs (such as school subsidy programs), or health programs.           The first part of the course will examine ex post evaluation methods that are applicable after the program has been implemented and data are available on persons who participated in the program and possibly also on a group of people who did not participate. We consider both the case where the program was randomly assigned and when assignment was not random. The second part of the course will consider methods for ex ante evaluation, that is methods for evaluating programs that do not yet exist or for evaluating alternative versions of existing programs. These methods typically make more extensive use of structural models. We will consider mainly static and dynamic discrete choice finite horizon models.
ECON 712-004
 
M 5:30-8:30
Topics in Economic Theory: Learning, Information and Dynamic Games (Bohren, 1 CU) 
 
This is an advanced topics course in microeconomic theory. The course will be divided into two components. The first will focus on learning, information theory and information aggregation, including topics such as social learning, experimentation, information design, boundedly rational models of learning, polarization and strategic voting. The second component will focus on dynamic games, including continuous time games, reputation, and optimal monitoring.
ECON 712-005 *
 
MW 1:30-3:00PM
Topics in Applied Micro (Fang, 1 CU) 
 
This course focuses on empirical and theoretical analyses of the main social insurance programs, including Social Security, Medicare, Medicaid, and unemployment insurance. We will particularly focus on models that capture the interactions between these social insurance programs and the labor market, as well as the interactions between these social insurance programs and private insurance markets.
ECON 712-006
 
F 1:30-4:30
Macro Financial Friction (Cole, 1 CU) Syllabus
ECON 712-007 *
 
TR 1:30-3:00PM
Empirical Industrial Organization (Nevo, 1 CU)
 
The course provides a graduate-level introduction to the topic and methods of Empirical Industrial Organization (IO). It is designed to provide a broad introduction to topics and industries that current researchers are studying as well as to expose students to a wide variety of techniques. It will start the process of preparing economics Ph.D. students to conduct thesis research in the area, and may also be of interest to doctoral students in other fields.
ECON 712-010 *
 
R 3:00-6:00PM
Topics in Macroeconomics (Manovskii, 1 CU) 
 
ECON 712-011 *
 
TR 9-10:30
Session 2
Topics in Econometrics (Cheng, 0.5 CU)
 
This course covers two topics: (i) inference in non-standard problems and (ii) high-dimensional models. For the first topic, we discuss some recent development in partially identified models with moment inequalities, robust inference in weakly identified models, estimation and testing with parameters on the boundary, and some generic results for non-standard models with discontinuous asymptotic distributions. For all these models, standard  asymptotic approximations such as the normal distributions  and chi-square distributions are not satisfactory. Therefore, alternative asymptotic results are introduced. For the second topic, we discuss the latent factor model for large-scale panel data and model averaging and model selection methods in regressions with a large number of regressors. Methods such as the principle component estimation, Mallows model averaging and cross-validation model averaging, and LASSO model selection and their asymptotic properties are discussed. Finally, we study some applications of these methods to GMM moment selection, latent factors models with instabilities, and structural VAR models. 
ECON 714-001 *
 
M 6-9
Quantitative Macro Theory (Fernandez-Villaverde, 1 CU)
 
This course is an introduction to the computational techniques required to solve and estimate dynamic models in macroeconomics and empirical microeconomics. The first half of the course will emphasize software engineering techniques for economists, a material that is difficult to find in related textbooks. The second half will cover value function iteration, perturbation methods, and projection methods. Assessment will be based on three homeworks.
ECON 721-001 *
 
MW 10:30-12
Econometrics III: Advanced Techniques of Cross-Section Econometrics (Todd, 1 CU)
 
Focuses on microeconometrics. Topics include GMM estimation, binary and multinominal choice models, simulation-based estimation methods, limited dependent variable models, selection models, partially linear models, nonparametric and semi-parametric estimation, panel data and duration analysis.
ECON 750-001 *
 
TR 10:30-12
Session 1
Public Economics (Postlewaite, 0.5 CU)
 
Focuses on topics in mechanism and institutional design, social norms and model of discrimination