Courses for Spring 2020

Title Instructors Location Time Description Cross listings Fulfills Registration notes Syllabus Syllabus URL
ECON 001-001 Introduction To Micro Economics Anne L Duchene MW 09:00 AM-10:00 AM Introduction to economic analysis and its application. Theory of supply and demand, costs and revenues of the firm under perfect competition, monopoly and oligopoly, pricing of factors of production, income distribution, and theory of international trade. Econ 1 deals primarily with microeconomics. Society Sector Registration also required for Recitation (see below)
ECON 001-002 Introduction To Micro Economics Anne L Duchene MW 10:00 AM-11:00 AM Introduction to economic analysis and its application. Theory of supply and demand, costs and revenues of the firm under perfect competition, monopoly and oligopoly, pricing of factors of production, income distribution, and theory of international trade. Econ 1 deals primarily with microeconomics. Society Sector Registration also required for Recitation (see below)
ECON 001-601 Intro To Microeconomics M 06:00 PM-09:00 PM Introduction to economic analysis and its application. Theory of supply and demand, costs and revenues of the firm under perfect competition, monopoly and oligopoly, pricing of factors of production, income distribution, and theory of international trade. Econ 1 deals primarily with microeconomics. Society Sector
ECON 002-001 Introductory Economics: Macro Luca Bossi MW 10:00 AM-11:00 AM Introduction to economic analysis and its application. An examination of a market economy to provide an understanding of how the size and composition of national output are determined. Elements of monetary and fiscal policy, international trade, economic development, and comparative economic systems. Society Sector Course is available to Freshmen and Upperclassmen.
Registration also required for Recitation (see below)
ECON 002-002 Introductory Economics: Macro Luca Bossi MW 11:00 AM-12:00 PM Introduction to economic analysis and its application. An examination of a market economy to provide an understanding of how the size and composition of national output are determined. Elements of monetary and fiscal policy, international trade, economic development, and comparative economic systems. Society Sector Registration also required for Recitation (see below)
ECON 002-601 Intro Macroeconomics T 06:00 PM-09:00 PM Introduction to economic analysis and its application. An examination of a market economy to provide an understanding of how the size and composition of national output are determined. Elements of monetary and fiscal policy, international trade, economic development, and comparative economic systems. Society Sector
ECON 013-401 Strategic Reasoning Deniz Selman MW 03:30 PM-05:00 PM This course is about strategically interdependent decisions. In such situations, the outcome of your actions depends also on the actions of others. When making your choice, you have to think what the others will choose, who in turn are thinking what you will be choosing, and so on. Game Theory offers several concepts and insights for understanding such situations, and for making better strategic choices. This course will introduce and develop some basic ideas from game theory, using illustrations, applications, and cases drawn from business, economics, politics, sports, and even fiction and movies. Some interactive games will be played in class. There will be little formal theory, and the only pre-requisites are some high-school algebra and having taken ECON 001. However, general numeracy (facility interpreting and doing numerical graphs, tables, and arithmetic calculations) is very important. This course will also be accepted by the Economics department as an Econ course, to be counted toward the minor in Economics (or as an Econ elective). PPE311401
ECON 014-401 American Capitalism Walter Licht MW 01:00 PM-02:00 PM A broad overview of American economic history will be provided by focusing on the following topics: colonial trade patterns, the growth of the market economy, the political economy of slavery, industrial expansion, segmentation in the labor force and changes in work, technological and organizational innovations, business cycles, the rise of the corporate welfare state, the growth of monopoly capitalism, and current economic problems in historical perspective. HIST161401 Society Sector Registration also required for Recitation (see below)
ECON 032-001 Political Economy Deniz Selman TR 12:00 PM-01:30 PM This course examines the effects of strategic behavior on political outcomes and government policies. Topics and applications may include voting behavior, candidate competition, voting systems, social choice and welfare, policy divergence, redistributive policies and theories of political transitions.
ECON 039-401 Econ & Fincing-Hlthcr Dl Molly K Candon TR 03:00 PM-04:30 PM The course provides an application of economic models to demand, supply, and their interaction in the medical economy. Influences on demand, especially health status, insurance coverage, and income will be analyzed. Physician decisions on the pricing and form of their own services, and on the advice they offer about other services, will be considered. Competition in medical care markets, especially for hospital services, will be studied. Special emphasis will be placed on government as demander of medical care services. Changes in Medicare and regulation of managed care are among the public policy issues to be addressed. HCMG202401
ECON 101-001 Intermed Microeconomics George J Mailath TR 10:30 AM-12:00 PM Theories of consumer behavior, demand, production, costs, the firm in various market contexts, factor employment, factor incomes, elementary general equilibrium, and welfare. Permission Needed From Department
Registration also required for Recitation (see below)
ECON 102-001 Intermed Macroeconomics Guillermo L Ordonez MW 02:00 PM-03:30 PM Facts and theories about the determination of per capita income and its differences across countries and across time. The study of economic fluctuations in output and employment. The role of government in influencing these aggregate variables: monetary and fiscal policy. Permission Needed From Department
Registration also required for Recitation (see below)
ECON 103-001 Stat For Economists Wayne Gao TR 09:00 AM-10:30 AM The course focuses on elementary probability and inferential statistical techniques. The course begins with a survey of basic descriptive statistics and data sources and then covers elementary probability theory, sampling, estimation, hypothesis testing, correlation, and regression. The course focuses on practical issues involved in the substantive interpretation of economic data using the techniques of statistical inference. For this reason empirical case studies that apply the techniques to real-life data are stressed and discussed throughout the course, and students are required to perform several statistical analyses of their own. College Quantitative Data Analysis Req. Registration also required for Recitation (see below)
ECON 104-001 Econometrics John Lazarev TR 01:30 PM-03:00 PM This course is designed to introduce students to econometric techniques and their applications in economic analysis and decision-making. The main objective of the course is to train the student in (i) handling economic data; (ii) quantitative analyses of economic models with probabilistic tools; (iii) econometric techniques, their application as well as their statistical and practical interpretation; (iv) implementing these techniques on a computer. Estimation and inference procedures are formally analyzed for simple econometric models and illustrated by empirical case studies using real-life data. The course covers linear regression models, simultaneous-equations models, discrete choice models and univariate time series models. Estimation and Inference is conducted using least squares and likelihood based techniques. Students are required to perform several econometric analyses of their own. College Quantitative Data Analysis Req. Registration also required for Recitation (see below)
ECON 212-001 Game Theory Steven A Matthews TR 10:30 AM-12:00 PM An introduction to game theory and its applications to economic analysis. The course will provide a theoretical overview of modern game theory, emphasizing common themes in the analysis of strategic behavior in different social science contexts. The economic applications will be drawn from different areas including trade, corporate strategy and public policy.
ECON 222-001 Microeconometrics Petra Todd TR 12:00 PM-01:30 PM This course introduces students to advanced study in econometrics, with an emphasis on methods used in microeconomic applications and in evaluating the effects of social interventions. The methods covered include methods for handling limited dependent variables (useful, for example, in forecasting the demand for a new good), maximum likelihood estimators, and flexible semiparametric and non parametric estimation methods, and randomized and nonexperimental methods of estimating treatment effects. Applications of econometrics to the field of program evaluation will also be studied. College Quantitative Data Analysis Req.
ECON 233-001 Labor Economics Andrew J Shephard MW 02:00 PM-03:30 PM Labor supply and labor demand, income distribution, labor market contracts and work incentives, human capital, labor market discrimination, job training and unemployment.
ECON 235-001 Industrial Organization John Lazarev TR 10:30 AM-12:00 PM Theories of various industrial organizational structures and problems are developed, including monopoly, oligopoly, nonlinear pricing and price discrimination. These theories are used to model various industries, antitrust cases, and regulatory issues. Permission Needed From Department
ECON 236-001 Health Economics Juan Pablo Atal TR 01:30 PM-03:00 PM In this course we will use the tools of microeconomics to analyze the functioning of the health care system. We will draw from the sub-disciplines of information economics, industrial organization, labor economics, public economics, and behavioral economics. The primary goal is to use these tools to develop a critical analysis of the functioning of the health care system as well as of the policies aimed at improving it. We will learn about US specific institutional details and policies (most notably the Affordable Care Act), and we will compare them to other important international experiences.
ECON 242-001 Topics: Macroeconomics Jeremy Greenwood MW 02:00 PM-03:30 PM This course covers topics of interest in macroeconomics. Two sections are offered: Markets with Frictions. This course studies allocations in markets with frictions, as described by the difficulty in finding a trading partner, private information problems, commitment issues, and so on. Applications to labor markets, monetary economics, the marriage market will be discused. The main technical tool will be search theory, but a liberal amount of calculus and other mathematics will be used. Numerical Methods for Macroeconmists. This course will study some of the numerical methods that are used in modern macroeconomics. This class will learn how to solve nonlinear equations, difference equations, interpolate functions, smooth data, and conduct Monte Carlo simulations on the computer. This will be done while studying economic problems, such as the determination of labor supply, economic growth and business cycle analysis. Calculus is an integral part of the course and some elementary probability theory will be drawn upon. The MATLAB programming language will be used.
ECON 243-001 Monetary & Fiscal Policy Harold L. Cole TR 01:30 PM-03:00 PM This is an advanced course in macroeconomics. A relatively simple, but well defined and internally consistent model of the U.S. economy is set up and used to study how output is generated given the initial resources, how output is divided between consumption and addition to capital stock, and how this process accumulates over time. The role of prices including the rate of interest in this process is also reviewed, and monetary and fiscal policies needed to improve the performance of the economy under such circumstances are discussed.
ECON 244-001 Macro-Modeling Jose-Victor Rios-Rull MW 02:00 PM-03:30 PM This is an advanced undergraduate course in models of economic growth. Students will be introduced to the workhorse theoretical models that are used to understand growth by modern macroeconomic researchers and policy makers. The types of questions that we will address include: Why are some countries richer than others? Why do some countries grow quickly while others stagnate? Why did modern economic growth start in Western Europe? What can governments do to accelerate economic growth? How does economic growth interact with demographic and geographic factors? We will build theoretical models that can be used to answer these questions. There will be a strong focus on emphasizing the microeconomic foundations of models, and using the language of mathematics to express the underlying assumptions and assess their implications for policy. Hence, there are strict mathematical prerequisites. We will also compare the predictions of our models with the data. Thus, a fair amount of econometrics will be required. A class in statistics and econometrics is highly recommended.
ECON 251-001 International Trade Iourii Manovskii TR 10:30 AM-12:00 PM Structure of the world economy; theory of international trade; economic growth and international trade; international trade policy: developed countries; developing countries. Direct investment, technology transfers, and the multinational firm.
ECON 262-001 Market Design Amit K Gandhi TR 01:30 PM-03:00 PM Market design is broadly about designing interventions in economic systems so as to enhance their performance. The power and potential of market design has recently entered a new era of possibility with the rise of Artificial Intelligence. Artificial Intelligence is concerned with the design of intelligent autonomous systems. Such systems are rapidly transforming our society and economy and have been enabled by major advances in cloud computing and network telecommunications. Yet underlying the technological surface of many AI-oriented applications are fundamental economic and econometric principles which are central to their design and implementation. In short, to perform well, an AI system must "think like economists" - it must: 1. Make predictions about its environment; 2. Test causal hypotheses about the effect of various actions they can take, and; 3. Make decisions about an optimal plan of action in the face of uncertainty, which is a cycle that repeats and iteratively improves. Many of the established success stories in AI today have largely been focused on achieving (1), the trend is towards AI increasingly encompassing (2) and (3). In this course we aim to isolate these economic principles and understand their role in the modern development of AI, as well as gaining an appreciation for what the proliferation of AI based technologies means for the economy in which we live. Although the course will be principally interested in the former, we won't fully shy away from some discussion of the latter. Topics include human judgment and decision making biases (a light intro to behavioral economics), predictive machine learning and regularization, causal inference as distinct from prediction with application to product pricing, and reinforcement learning for dynamic decisions.
ECON 273-001 Pol. Econ Early America Jesus Fernandez-Villaverde TR 04:30 PM-06:00 PM This course will study the political economy of Early America, from the British Settlement to c. 1820. In particular, we will explore the forces behind the economic growth of the British colonies, the economic forces behind the Revolution, the economic consequences of the Revolution, the political economy of the constitutional convention and ratification, the role of SCOTUS in creating a national market, and the opposing Hamilton-Jefferson views of an American economy. Early America is a fascinating and rich historical period, and we will need to skip many issues of interest. Nevertheless, we hope to provide you with a good overview of how a group of small peripheral colonies created an institutional arrangement that allowed them, in less than two centuries, to become the biggest economy in the world.
ECON 274-001 History of Econ. Thought Fernando Arteaga TR 01:30 PM-03:00 PM This course surveys the history of the development of economic thought, beginning with the Classical school and the works of Smith, Ricardo, J.S. Mill, Marx and others and continuing to the 20th century thought, including Keynes, Hayek, and Arrow.
ECON 300-301 Honors Seminar Jere R Behrman W 03:30 PM-06:30 PM Students prepare an honors thesis in economics over the academic year, supervised by a faculty member of their choice. In both semesters students present their work in progress to the class. Any student intending to do empirical work in the thesis should have completed ECON 103 and ECON 104.
ECON 682-001 Game Thry & Applications Julia Aislinn Bohren M 02:00 PM-05:00 PM A graduate level introduction to decision making under uncertainty, applied game theory, and information economics.
ECON 703-001 Microec Thry II George J Mailath TR 01:30 PM-03:00 PM Game theory, decision making under uncertainty, information economics.
ECON 704-001 Macroec Thry II Jeremy Greenwood
Jose-Victor Rios-Rull
MW 10:30 AM-12:00 PM Equilibrium notions in the growth model. Economies with distortions. Incomplete markets. Overlapping generations. Permission Needed From Department
ECON 706-001 Econometrics II: Methods Frank Schorfheide
Francis X Diebold
TR 10:30 AM-12:00 PM Analysis in time and frequency domains, state space representations, Kalman filtering, conditional heteroskedasticity, nonlinear and nonparametric methods for time series, integration, co-integration, numerical and simulation techniques. Permission Needed From Department
ECON 712-001 Topics in Econometrics Xu Cheng MW 02:00 PM-03:30 PM Topics and prerequisites announced each year.
ECON 712-002 Economic Growth Jeremy Greenwood M 05:00 PM-08:00 PM Topics and prerequisites announced each year.
ECON 712-003 Topics in Adv Economics Benjamin Russell Lester W 06:00 PM-09:00 PM Topics and prerequisites announced each year.
ECON 712-004 Search Theory & App Guillermo L Ordonez T 05:00 PM-08:00 PM Topics and prerequisites announced each year.
ECON 712-005 Macro Financial Markets Iourii Manovskii TR 01:30 PM-03:00 PM Topics and prerequisites announced each year.
ECON 712-006 Labor, Health & Family Jose-Victor Rios-Rull M 05:00 PM-08:00 PM Topics and prerequisites announced each year.
ECON 712-007 International Macro With: International Macroeconomics with Incomplete Markets and Financial Friction Enrique Gabriel Mendoza T 03:00 PM-06:00 PM Topics and prerequisites announced each year.
ECON 712-008 Nonpara & Machine Learn: Nonparametric & Machine Learning Methods For Structural Estimation Problems Amit K Gandhi TR 10:30 AM-12:00 PM Topics and prerequisites announced each year.
ECON 712-009 Market Design Rakesh V Vohra TR 12:00 PM-01:30 PM Topics and prerequisites announced each year.
ECON 719-301 Econ Theory Workshop M 12:00 PM-01:30 PM
T 04:00 PM-06:00 PM
ECON 722-001 Econometrics Iv: Adv Frank Schorfheide TR 01:30 PM-03:00 PM Focuses on macro-econometrics. Topics include comparison of Bayesian and frequentist inference in nonstandard settings (e.g. time series models with persistent roots), Bayesian inference in VARS and DSGE models including modern computational tools such as Gibbs sampling, MCMC, Sequential Monte Carlo, particle filtering, etc., and tools for evaluating DSGE models.
ECON 722-002 Econometrics Iv: Adv Francis X Diebold TR 01:30 PM-03:00 PM Focuses on macro-econometrics. Topics include comparison of Bayesian and frequentist inference in nonstandard settings (e.g. time series models with persistent roots), Bayesian inference in VARS and DSGE models including modern computational tools such as Gibbs sampling, MCMC, Sequential Monte Carlo, particle filtering, etc., and tools for evaluating DSGE models.
ECON 729-301 Econometrics Wkshop M 12:00 PM-01:30 PM
M 04:00 PM-06:30 PM
ECON 749-301 Montry Econ Workshop Dirk Krueger R 12:00 PM-01:30 PM
W 03:30 PM-06:00 PM
F 12:00 PM-01:30 PM
ECON 779-301 Industrial Organization T 03:30 PM-05:30 PM
ECON 789-301 Appld Micro Theory Wrksp F 03:30 PM-06:00 PM
F 12:00 PM-01:30 PM
ECON 792-001 Economics of Labor Andrew J Shephard MW 10:30 AM-12:00 PM Topics include: Theories of the supply and demand for labor, wage determination, wage differentials, labor market discrimination, unemployment, occupational choice and dynamics of specific labor markets, theory of matching, trade unions. The theory and empirics of human capital accumulation, intertemporal labor supply, search, intergenerational mobility of income and wealth, contracts and bargaining, efficiency wage models, principal/agent models, and signaling models.
ECON 799-301 Empirical Microeconomics R 03:30 PM-06:00 PM
T 12:00 PM-01:30 PM