Title Instructors Location Time Description Cross listings Fulfills Registration notes Syllabus Syllabus URL
ECON 001-001 Introduction To Micro Economics Anne L Duchene MW 10:15 AM-11:15 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 12:00 PM-01:00 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 Registration also required for Recitation (see below)
ECON 002-001 Introductory Economics: Macro Luca Bossi MW 12:00 PM-01:00 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 Course is available to Freshmen and Upperclassmen.
Registration also required for Recitation (see below)
ECON 002-002 Introductory Economics: Macro Luca Bossi MW 01:45 PM-02:45 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 05:15 PM-08:15 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). Prerequisite: This course course may not be taken concurrently with or after ECON 212. PPE311401 Permission Needed From Instructor
ECON 027-401 Int. Monetary System Marc R Flandreau TR 03:30 PM-05:00 PM The course will cover the modern evolution of the international monetary system going all the way back to the era when sterling became the leading international currencies. It is arranged thematically and chronologically both. The lessons and readings will introduce students to the principal evolutions of the international monetary system and at the same time, it will give them an understanding of regimes, their mechanics and the geopolitical economies behind systemic shifts. Students need not have an economic background but must be prepared to read about exchange rates (and world politics). Special focus on: The early modern international monetary system. How Amsterdam and London captured the Spanish treasure. Beyond the West (Ottoman Empire, India, China). The Napoleonic wars and the rise of sterling. Hong-Kong: Silver, Opium, and the Recycling of Surpluses. The emergence of the Gold Standard. Bimetallism: The US election of 1796. Sterling and Key Currencies before WWI. The First World War and the origins of dollar supremacy. When the dollar displaced sterling (1920s). The collapse of the international gold standard (1930s). The Bretton Woods System. The rise and rise of the US dollar. Currency competition (Dollar, Euro, Yuan Renminbi). The meaning of cryptocurrencies. HIST350401
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. Credit will NOT be given for ECON 032 and ECON 232.
ECON 039-401 Econ & Fincing-Hlthcr Dl Alexander Olssen TR 03:30 PM-05:00 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. Prerequisite: If course requirement not met, permission of instructor required. HCMG202401
ECON 101-001 Intermed Microeconomics George J Mailath TR 10:15 AM-11:45 AM Theories of consumer behavior, demand, production, costs, the firm in various market contexts, factor employment, factor incomes, elementary general equilibrium, and welfare. Prerequisite: Incoming freshman wih AP or transfer credit. Upper classmen must have at least a B+ in MATH 104 to take ECON 101 or MATH 114 or MATH 115 concurrently. Registration also required for Recitation (see below)
ECON 102-001 Intermed Macroeconomics Guillermo L Ordonez TR 01:45 PM-03:15 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. FNCE 101 does not satisfy any of the Economics department requirements. Therefore, students are required to take ECON 102. Registration also required for Recitation (see below)
ECON 103-001 Econometric Data Science TR 12:00 PM-01:30 PM This course focuses on data description, probability, and statistics, as relevant for economics. Topics include economic data sources, descriptive statistics, probability distributions and moments, and sampling and sample moments, building to a thorough introduction to linear regression. Focus is on both theoretical and practical issues involved in the substantive interpretation of economic data using econometric techniques. Empirical case studies are discussed throughout, and students are required to perform several econometric analyses in a modern environment such as R. One-term course offered both terms. Notes: Intended primarily for economics majors. ECON 103 cannot be taken by any student who has already completed Statistics at the level of STAT 430 (including the sequence STAT 430 and 431). Such students must take an additional 200-level course to satisfy course requirements of the major. College Quantitative Data Analysis Req. Registration also required for Recitation (see below)
ECON 104-001 Econometric Mthds/Models MW 10:15 AM-11:45 AM This course focuses on econometric techniques and their application in economic analysis and decision-making, building on ECON 103 to incorporate the many regression complications that routinely occur in econometric environments. Micro-econometric complications include nonlinearity, non-normality, heteroskedasticity, limited dependent variables of various sorts, endogeneity and instrumental variables, and panel data. Macro-econometric topics include trend, seasonality, serial correlation, lagged dependent variables, structural change, dynamic heteroskedasticity, and optimal prediction. Students are required to perform several econometric analyses in a modern environment such as R. One-term course offered both terms. College Quantitative Data Analysis Req. Registration also required for Recitation (see below)
ECON 212-001 Game Theory Steven A Matthews MW 03:30 PM-05:00 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. Any 200-level LPS course when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS students.
ECON 222-001 Microeconometrics Petra Todd TR 10:15 AM-11:45 AM This course provides a deeper treatment of econometric methods and issues as relevant for microeconomic applications, such as non-parametric function estimation; endogeneity and identification (strong and weak); generalized method of moments estimation; randomized and quasi-randomized methods for causal estimation; design strategies such as regression discontinuity and differences-in-differences; program evaluation; and quantile regression. One-term course offered either term.
ECON 231-001 Public Finance Margaux Luflade TR 08:30 AM-10:00 AM This course has two parts. The first looks at market and government failures and discusses the need for public policies as well as limits to their effectiveness including the evaluation of public projects using cost benefit analysis. The second part focuses on the economic analysis of taxation, including the economic incidence and efficiency of taxes. Prerequisite: Credit cannot be received for both ECON 030 and 231. ECON 103 recommended.
ECON 236-001 Health Economics Juan Pablo Atal TR 10:15 AM-11:45 AM 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. Prerequisite: Wharton students can satisfy the ECON 101 prerequisite with BEPP 250 honors. The regular BEPP 250 course does not count as a substitute for ECON 101.
ECON 237-001 Urban Fiscal Policy Holger Wolfgang Sieg TR 01:45 PM-03:15 PM The purpose of this course is to examine the financing of governments in the urban economy. Topics to be covered include the causes and consequences of the urban fiscal crisis, the design of optimal tax and spending policies for local governments, funding of public infrastructures and the workings of the municipal bond market, privatization of government services, and public financial systems for emerging economies. Applications include analyses of recent fiscal crises, local services and taxes as important determinants of real estate prices, the infrastructure crisis, financing and the provision of public education, and fiscal constitutions for new democracies using South Africa as an example.
ECON 239-001 The Digital Economy Juan C Castillo Hernandez TR 08:30 AM-10:00 AM This is an advanced undergraduate course on the digital economy. Our two main goals are (a) to understand how people and companies interact in digital markets and (b) to understand how digital markets should be designed. The course uses a combination of theoretical modeling and empirical evidence in order to achieve those goals. We analyze some key features that are prevalent in digital markets, including network effects, two-sided markets, search and matching, reputation systems, and the use of data. We also zoom in on individual markets, such as search engines, e-commerce platforms, and the gig economy.
ECON 242-001 Topics: Macroeconomics Jeremy Greenwood MW 01:45 PM-03:15 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 01:45 PM-03:15 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. Prerequisite: ECON 103 is recommended.
ECON 244-001 Macro-Modeling Jose-Victor Rios-Rull MW 01:45 PM-03:15 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. Prerequisite: ECON 103 is recommended.
ECON 245-001 Mathematical Economics Rakesh V Vohra TR 08:30 AM-10:00 AM This semester long course will introduce students to a variety of mathematical topics associated with convexity, optimization and fixed points that are used in Economic theory. The use of these techniques will be illustrated with a host of economic applications. Students who have not taken ECON 101 require instructor permission.
ECON 246-001 Money and Banking Guillermo L Ordonez TR 12:00 PM-01:30 PM Money and Banking. This course studies the role that financial markets, institutions, and money play in resource allocation. Financial intermediation and the role of banks in the economic system are analyzed and the economic rationale behind banking regulation is studies. The course examines how monetary policy influences interest rates and asset markets, such as the bond market and the stock market. Finally, the instruments and goals of monetary policy are discussed, focusing in particular on credibility and commitment for central banks. All of the questions are explored analytically, using the tools of economic theory.
ECON 251-001 International Trade Iourii Manovskii TR 10:15 AM-11:45 AM 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. Prerequisite: In addition, the LPS 200-level course, when offered, WILL NOT count for Economics Majors unless you are officially registered as an LP student.
ECON 262-001 Market Design Amit K Gandhi TR 12:00 PM-01:30 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. Prerequisite: The LPS 200-level evening course (Section 601), when offered, WILL NOT count for Economics Majors unless you are officially registered as a LPS student.
ECON 273-001 Pol. Econ Early America Fernando Arteaga
Jesus Fernandez-Villaverde
TR 10:15 AM-11:45 AM 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 01:45 PM-03:15 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 275-001 Finance Hist Perspective MW 10:15 AM-11:45 AM This course focuses on the interception between finance and economic growth by studying some of the most important events in economic history that have taken place over the last few centuries. Starting with the emergence of the modern capital markets and economic growth, the course examines in depth, major developments in financial history, such as the classical gold standard, the origins of central banking, the Great Depression, and the Bretton Woods system. However, this course goes beyond any standard course on financial history and examines how finance has affected economic growth in the long-run, from an international perspective and starts in the seventeenth century in Europe, up to the 1990s in South-East Asia.
ECON 300-301 Honors Seminar Jere R Behrman 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. Course meets weekly. Required of all honors majors.
ECON 682-001 Game Thry & Applications Kevin He TR 10:15 AM-11:45 AM 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 01:45 PM-03:15 PM Game theory, decision making under uncertainty, information economics. Prerequisite: Meeting the department's minimal mathematical requirements, ECON 897 Summer Math Program. Permission Needed From Department
For PhD Students Only
ECON 704-001 Macroec Thry II Jose-Victor Rios-Rull
Jeremy Greenwood
MW 10:15 AM-11:45 AM Equilibrium notions in the growth model. Economies with distortions. Incomplete markets. Overlapping generations. Prerequisite: Meeting the Department's minimal mathematical requirements; ECON 700, 701, 703, 897 Summer Math Program. Permission Needed From Department
For PhD Students Only
ECON 706-001 Econometrics II: Methods Frank Schorfheide TR 10:15 AM-11:45 AM 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. Prerequisite: Meeting the department's minimal mathematical requirements; ECON 705, 897 Summer Math Program. Permission Needed From Department
For PhD Students Only
ECON 712-001 Topics in Adv Economics MW 01:45 PM-03:15 PM Topics and prerequisites announced each year.
ECON 712-002 Economic Growth Jeremy Greenwood M 05:15 PM-08:15 PM Topics and prerequisites announced each year. Non-Majors Need Permission From Department
ECON 712-003 Learn, Equilib&Behav Inf Kevin He TR 01:45 PM-03:15 PM Topics and prerequisites announced each year.
ECON 712-004 Macro Financial Markets Guillermo L Ordonez T 05:15 PM-08:15 PM Topics and prerequisites announced each year. Non-Majors Need Permission From Department
ECON 712-005 Topics in Macro Iourii Manovskii TR 12:00 PM-01:30 PM Topics and prerequisites announced each year. Non-Majors Need Permission From Department
ECON 712-006 Labor, Health & Family Jose-Victor Rios-Rull M 05:15 PM-08:15 PM Topics and prerequisites announced each year. Non-Majors Need Permission From Department
For PhD Students Only
ECON 712-007 Topics in Education: Topics in Education Margaux Luflade T 05:15 PM-08:15 PM Topics and prerequisites announced each year. Non-Majors Need Permission From Department
ECON 712-008 Nonpara & Machine Learn: Nonparametric & Machine Learning Methods For Structural Estimation Problems Amit K Gandhi TR 03:30 PM-05:00 PM Topics and prerequisites announced each year. Non-Majors Need Permission From Department
ECON 712-009 Topics in Adv Economics Juan Pablo Atal TR 01:45 PM-03:15 PM Topics and prerequisites announced each year. Non-Majors Need Permission From Department
ECON 712-010 Topics in Adv Economics Juan C Castillo Hernandez TR 01:45 PM-03:15 PM Topics and prerequisites announced each year.
ECON 712-011 Urban Econ & Pol Econ Holger Wolfgang Sieg MW 01:45 PM-03:15 PM Topics and prerequisites announced each year.
ECON 719-301 Econ Theory Workshop Aislinn Bohren M 12:00 PM-01:30 PM
T 03:30 PM-06:30 PM
ECON 722-001 Econometrics Iv: Adv Frank Schorfheide TR 01:45 PM-03:15 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. Non-Majors Need Permission From Department
ECON 729-301 Econometrics Wkshop Xu Cheng M 12:00 PM-01:30 PM
M 03:30 PM-06:30 PM
ECON 749-301 Montry Econ Workshop Dirk Krueger W 12:00 PM-01:30 PM
F 12:00 PM-01:30 PM
W 03:30 PM-06:30 PM
ECON 775-001 Third Year PhD Seminar Harold L. Cole TR 10:15 AM-11:45 AM Transition from student to frontier researcher is quite difficult. This course is aimed at starting our graduate students on their first major paper. It will meet once a week over the entire year. The course will be organized into four phases as shown on the attached syllabus. Only offered to the Economics Department 3rd year PhD students.
ECON 779-301 Industrial Organization Juan C Castillo Hernandez T 03:30 PM-06:30 PM
ECON 789-301 Appld Micro Theory Wrksp F 03:30 PM-06:30 PM
F 12:00 PM-01:30 PM
ECON 799-301 Empirical Microeconomics Margaux Luflade R 03:30 PM-06:30 PM
T 12:00 PM-01:30 PM