INTRODUCTORY COURSES |
Econ 108a/108b. Quantitative Foundations of Microeconomics
[Permission of instructor required]
|
|
Tolga Koker [M/W 2:30-3:45, WLH 114; F
9:25-10:15, WLH 114] |
|
Introductory microeconomics with a special
emphasis on quantitative methods and examples. Intended for students with limited or no
experience with calculus.
Enrollment limited. Preregistration
is required by www.econ.yale.edu/undergrad/ugrad.htm
by _____. Final enrollment list will be posted on the bulletin board at 28 Hillhouse
Ave.
May not be taken after ECON 110a or 115a or b or
117a. |
Econ 110a. An Introduction to Microeconomic
Analysis [Permission of instructor required]
|
|
Tolga Koker [M/W 11:35-12:50, WLH 114]
Tolga Koker [M/W 1:00-2:15, WLH 114]
Keith Gamble [T/Th 9:00-10:15, WLH 113]
Keith Gamble [T/Th 11:35-12:50]
Katerina Simons [M/W 11:35-12:50, WLH 117]
Katerina Simons [M/W 1:00-2:15, WLH 117] |
|
Similar to ECON 115a or b, but taught as a
lecture discussion with limited enrollment.
Enrollment limited. Preregistration
is required by www.econ.yale.edu/undergrad/ugrad.htm
by _____. Final enrollment list will be posted on the bulletin board at 28 Hillhouse
Ave
May not be taken after ECON 108a or b, 115a or b, or
117a. |
Econ 111b. An Introduction to Macroeconomic
Analysis [Permission of instructor required]
|
|
Sigridur Benediktsdottir [T/Th 1:00-2:15 WLH 113]
Sigridur Benediktsdottir [T/Th 11:35-12:50 WLH 113]
Sigridur Benediktsdottir [T/Th 9:00-10:15]
Irasema Alonso [M/W 11:35-12:50 WLH 113] |
|
Similar to ECON 116a or b, but taught as a
lecture discussion with limited enrollment.
Enrollment limited. Preregistration
is required by www.econ.yale.edu/undergrad/ugrad.htm
by _____. Final enrollment list will be posted on the bulletin board at 28 Hillhouse
Ave.
May not be taken after ECON 116a or b.
Prerequisite: ECON 108a or b, 110a, 115a or b or Econ 117a. |
Econ 115a/115b. Introductory Microeconomics
|
|
Fall: Steven Berry [M/W 1:00-2:15, SLB AUD]
Spring: Timothy Guinanne [T/Th 1:00-2:15, SSS 114] |
|
An introduction to the basic tools of
microeconomics to provide a rigorous framework for understanding how individuals, firms,
markets, and governments allocate scarce resources. The design and evaluation of public
policy.
May not be taken after ECON 108a. |
Econ 116a/116b. Introductory Macroeconomics
|
|
Fall: Ray Fair [M/W 1:00-2:15, SLB AUD]
Spring: Anthony Smith [T/Th 1:00-2:15, DAVIES AUD] |
|
An introduction that stresses how the
macroeconomy works, including the determination of output, unemployment, inflation,
interest rates, and exchange rates. Economic theory is applied to current events.
May not be taken after ECON 111b.
Prerequisite for ECON 116b: ECON 108a or b, 110a, 115a or
b, or 117a. |
INTERMEDIATE CORE COURSES
|
Econ 121a/121b (formerly 150a/b).
Intermediate Microeconomics
|
|
Fall: Larry Samuelson [M/W 9:00-10:15 DAVIES AUD]
Spring: Dirk Bergemann [M/W 1:00-2:15 DAVIES AUD] |
|
The theory of resource allocation and its
applications. Topics include the theory of choice, consumer and firm behavior, production,
price determination in different market structures, welfare, and market failure.
After introductory microeconomics and completion of the mathematics
requirement for the major or its equivalent. Elementary techniques from multivariate
calculus are introduced and applied, but prior knowledge is not assumed. May not be taken
after ECON 125a (formerly 152a). |
Econ 122a/122b (formerly 154a/b)
Intermediate Macroeconomics
|
|
Fall: William Nordhaus [M/W 11:35-12:50, DL 220] (LIMITED
ENROLLMENT)
Spring: Bjoern Bruegemann [M/W 9:00-10:15, LUCE 101] |
|
Contemporary theories of employment, finance,
money, business fluctuations, and economic growth. Their implications for monetary and
fiscal policy. Emphasis on empirical studies, financial and monetary crises, and recent
policies and problems.
After two terms of introductory economics and completion of the
mathematics requirement for the major or its equivalent. May not be taken after ECON
126b (formerly 153b). |
Econ 125a (formerly 152a). Microeconomic
Theory
|
|
Dino Gerardi [M/W 1:00-2:15, LUCE 202] |
|
Similar to ECON 121a or b but with a more
intensive treatment of consumer and producer theory, and covering additional topics
including choice under uncertainty, game theory, contracting under hidden actions or
hidden information, externalities and public goods, and general equilibrium theory.
After introductory microeconomics, and MATH 118a or b or
120a or b or equivalent. May not be taken after ECON 121a or b (formerly
150a or b). |
Econ 126b (formerly 153b). Macroeconomic
Theory
|
|
Giuseppe Moscarini [M/W 1:00-2:15, WLH 116] |
|
Similar to ECON 122a or b but with a more
intensive treatment of the mathematical foundations of macroeconomic modeling, and with
rigorous study of additional topics.
After two terms of introductory economics, and MATH 118a or
b or 120a or b or equivalent. May not be taken after ECON 122a or b
(formerly 154a or b). |
ECONOMETRICS CORE COURSES
|
Econ 131a (formerly 161a). Econometrics and
Data Analysis I
|
|
Staff [T/Th 11:35-12:50, DAVIES AUD] |
|
Basic probability theory and statistics,
distribution theory, estimation and inference, bivariate regression, introduction to
multivariate regression, introduction to statistical computing.
After introductory microeconomics and MATH 112a or b or
equivalent. |
Econ 131b (formerly 161b). Econometrics and
Data Analysis II
|
|
Taisuke Otsu [T/Th 11:35-12:50, WLH 201] |
|
Basic probability theory and statistics,
distribution theory, estimation and inference, bivariate regression, introduction to
multivariate regression, introduction to statistical computing.
After introductory microeconomics and MATH 112a or b or
equivalent. |
Econ 132a (formerly 166b). Econometrics and
Data Analysis I
|
|
Staff [T/Th 11:35-12:50] |
|
Continuation of ECON 131a or b (formerly 161a or
b), with a focus on multivariate regression. Topics include statistical inference, choice
of functional form, heteroskedasticity, serial correlation, two-stage least squares,
qualitative choice models, time series models, and forecasting. Emphasis on statistical
computing and the mechanics of how to conduct and present empirical research.
After two terms of introductory economics, completion of the
mathematics requirement for the major, and ECON 131a or b or ECON 135a or a
course in the STAT 101-106 series. |
Econ 132b (formerly 166b). Econometrics and
Data Analysis II
|
|
Joseph Altonji [T/Th 11:35-12:50] |
|
Continuation of ECON 131a or b (formerly 161a or
b), with a focus on multivariate regression. Topics include statistical inference, choice
of functional form, heteroskedasticity, serial correlation, two-stage least squares,
qualitative choice models, time series models, and forecasting. Emphasis on statistical
computing and the mechanics of how to conduct and present empirical research.
After two terms of introductory economics, completion of the
mathematics requirement for the major, and ECON 131a or b or ECON 135a or a
course in the STAT 101-106 series. |
Econ 135a (formerly 162a). Introduction to
Probability and Statistics
|
|
Xiaohong Chen [T/Th 9:00-10:15, BCT 102] |
|
Foundations of mathematical statistics:
probability theory, distribution theory, parameter estimation, hypothesis testing,
regression, and computer programming.
After introductory microeconomics and either MATH 118a or
b or MATH 120a or b and 222a or b or 225a or b. |
Econ 136b (formerly 163b). Econometrics
|
|
Edward Vytlacil [M/W 9:00-10:15, WLH 208] |
|
Continuation of ECON 135a (formerly 162a) with a
focus on econometric theory and practice: problems that arise from the specification,
estimation, and interpretation of models of economic behavior. Topics include classical
regression and simultaneous equations models; panel data; and limited dependent variables.
After ECON 135a or with permission of instructor. |
FIELD COURSES
|
[Econ 159a. Game Theory]
|
|
M/W 11:35-12:50, SSS 114 |
|
An introduction to game theory
and strategic thinking. Ideas such as dominance, backward induction, Nash equilibrium,
evolutionary stability, commitment, credibility, asymmetric information, adverse
selection, and signaling are applied to games played in class and to examples drawn from
economics, politics, the movies, and elsewhere.
After introductory microeconomics. No prior knowledge of game theory
assumed. |
Econ 170a. Health Economics and Public Policy
|
|
Howard Forman [T/Th 2:30-3:45] |
|
An application of economic principles to the
study of the U.S. health care system. Emphasis on basic principles about the structure of
the U.S. system, current problems, proposed solutions, and the context of health policy
making and politics.
After introductory microeconomics. May not be taken after or
concurrently with ECON 467a. |
Econ 180a. Introduction to the Chinese Economy
|
|
Dong Chen [TBA] Offered in Peking
University |
|
An overview of the Chinese economy, with
attention to its rapid growth in the past two decades and its current challenges. The
cultural and political background of the economy, China?s market transition, manufacturing
and financial sectors, foreign trade, foreign direct investment and technology transfer,
and the reform of state-owned enterprises.
Offered in Beijing, China. See under Peking University-Yale University Joint
Undergraduate Program |
Econ 182b. American Economic History
|
|
Benjamin Chabot [T/Th 1:00-2:15, ML 211] |
|
The growth of the American economy since 1790,
both as a unique historical record and as an illustration of factors in the process of
economic development. The American experience viewed in the context of its European
background and patterns of industrialization overseas.
After two terms of introductory economics. |
[Econ 186a. European Economic History,
1700-1815]
|
|
Timothy Guinnane [T/Th
9:00-10:15 WLH 114] |
|
An examination of European
economic growth and development from the late seventeenth century through the first stages
of the British industrial revolution. Topics include the role of institutional
development, trade and imperialism, agricultural improvements, and industrialization.
Particular attention to comparisons between Britain and other parts of Europe.
After ECON 115a or b or 150a or b, and
ECON 116a or b or 154a or b. |
Econ 187a. European Economic History,
1815-1914
|
|
Timothy Guinnane [T/Th 9:00-10:15] |
|
An examination of European economic growth and
development from the industrialization of Germany and other Continental countries in the
early nineteenth century to World War I. Topics include the role of institutional
development, the role of trade and imperialism, agricultural improvements, and
industrialization.
After two terms of introductory economics. |
Econ 200b. Firms, Markets and Competition
|
|
Oleksandr Shcherbakov [M/W 9:00-10:15] |
|
Analysis of imperfectly competitive markets,
focusing on the interactions among firm behavior, market structure, and market outcomes.
Topics include oligopoly, collusion, predation, firm entry, advertising, and price
discrimination as well as public policy implications of market behavior.
After intermediate microeconomics or equivalent. |
Econ 251a. Financial Theory
|
|
John Geanakoplos [T/Th 11:35-12:50 LUCE 101] |
|
Capital asset pricing model, arbitrage pricing
theory, option pricing, social security, operation of security exchanges, investment
banks, securitization, mortgage derivatives, interest rate derivatives, hedge funds,
financial crises, agency theory, and financial incentives.
After introductory microeconomics. |
Econ 252b. Financial Markets
|
|
Robert Shiller [M/W 9:00-10:15, LC 102] |
|
An overview of the ideas, methods, and
institutions that permit human society to manage risks and foster enterprise. A detailed
description of practices today as well as an analysis of prospects for the future. An
introduction to risk management and behavioral finance principles to provide understanding
of the functioning of our securities, insurance, and banking industries.
After two terms of introductory economics. |
Econ 253b. Computational Fianace
|
|
Donald Brown [T/Th 1:00-2:15] |
|
The binomial pricing mode is
the most widely used method for computing the value of a derivative asset. The binomial
pricing model allows the introduction, in a discrete-time setting, of concepts used in
continuous-time theory of asset valuation and hedging of risk, including martingales,
risk-neutral pricing, and stochastic calculus.
Prerequisite: MATH 118a or b. After intermediate
microeconomics and econometrics. |
[Econ 254a. Financial Econometrics]
|
|
Staff [M/W 1:00-2:15, WLH 117] |
|
Introduction to empirical methods in finance.
Topics include cross-section regression and time series with applications to portfolio
theory and option pricing.
Prerequisite: MATH 118a or b. After intermediate
microeconomics and econometrics. |
Econ 275b. Public Economics
|
|
Ebonya Washington [M/W 2:30-3:45, LUCE 101] |
|
The role of government in the economy and in our
economic lives. Reasons for government intervention in the market economy and the impact
of government expenditure programs and taxation systems on welfare and behavior. Tools of
microeconomics applied to issues such as government response to global warming, the impact
of redistribution and social insurance on individual behavior, school choice, social
security vs. private retirement savings accounts, and government vs. private health
insurance.
After introductory microeconomics. |
Econ 276a. Law and Economics I
|
|
Staff [TBA] |
|
Descriptions to follow from Course of Study
Committee.
Prerequisites to follow. |
Econ 277b. Law and Economics II
|
|
Staff [TBA] |
|
Descriptions to follow from Course of Study
Committee
Prerequisites to follow |
[Econ 300a. International Trade Theory and
Policy]
|
|
Staff [M/W 9:00-10:15, WLH 113] |
|
Theories of comparative
advantage, factor abundance, and product differentiation as reasons for trade between
countries. The relationship between trade and aggregate welfare; historical and
contemporary issues in globalization and trade policy.
After intermediate microeconomics. |
Econ 325a. Economics of Developing Countries
|
|
Dean Karlan [TBA] |
|
Analysis of current problems of developing
countries. Emphasis on the role of economic theory in informing public policies to achieve
improvements in poverty and inequality, and on empirical analysis to understand markets
and responses to poverty. Topics include microfinance, education, health, agriculture,
intrahousehold allocations, gender, and corruption.
After introductory microeconomics; after or concurrently with
ECON 131 a or b or a course in the STAT 101-106 series. |
Econ 327b. African Poverty and Western Aid
[Permission of instructor required]
|
|
Christopher Blattman [T/Th 9.25-10:15; SSS 114] |
|
Assessment of reasons for Africa's persistent
poverty and violence. Theories of an African renaissance led by Western aid versus the
inevitability of repeating the mistakes of the past. The politics and economics of
poverty, aid, and growth in Africa.
After introductory microeconomics. |
Econ 330a. Economics of Natural Resources
|
|
Robert Mendelsohn [M/W/F 10:30-11:20, WLH 201] |
|
Microeconomic theory brought to bear on current
issues in natural resource policy. Topics include regulation of pollution, hazardous waste
management, depletion of the world?s forests and fisheries, wilderness and wildlife
preservation, and energy planning.
After introductory microeconomics. |
Econ 331b. The Economics of Energy and Climate
Change
|
|
William Nordhaus [M/W 10:30-11:20; DL 220] |
|
The essentials of energy and environmental
economics, with applications. Analysis of core topics in public goods, intertemporal
choice, uncertainty, decision theory, and exhaustible resources. Applications include
energy security, nuclear power, the relationship between nuclear power and nuclear
proliferation, and climate change.
Prerequisite: two terms of introductory economics. |
Econ 350a (formerly 155a). Mathematical
Economics: Global Equilibrium Theory
|
|
Truman Bewley [T/Th 1:00-2:15, WLH 120] |
|
An introduction to general equilibrium theory and
its extension to equilibria involving uncertainty and time. Discussion of the economic
role of insurance and of intertemporal models, namely, the overlapping generations model
and the optimal growth theory model.
After MATH 118a or b or 120a or b, and
intermediate microeconomics, or with permission of instructor. |
Econ 351b (formerly 156b). Mathematical
Economics: Game Theory
|
|
Johannes Horner [T/Th 9:00-10:15] |
|
Introduction to game theory and choice under
uncertainty. Analysis of the role of information and uncertainty for individual choice
behavior, as well as application to the decision theory under uncertainty. Analysis of
strategic interaction among economic agents, leading to the theory of auctions and
mechanism design.
After MATH 118a or b, 120a or b, and
intermediate microeconomics , or with permission of instructor. |
Econ 491a. The Senior Essay
[Permission of instructor required]
|
|
Fall: Donald Brown [1 HTBA] |
|
Students deciding to write one-term senior
essays by enrolling in ECON 491a, or two-term senior essays by enrolling in ECON 491a and
492b, must choose their topics and advisers by DATE. One semester senior essays
are due at the end of the last week of classes in the fall semester. In order to be
considered for Distinction in the Major, students must submit three copies of their essay
to the Economics department office by the end of the next to last week of classes in
the spring semester. Advisers are chosen with the assistance of the director of
undergraduate studies.
The format and character of the departmental senior essay may vary to
suit the interest of the student and the demands of the topic, but it is expected that the
tools and concepts of economic analysis will be employed and that the essay will
contain original research. Paper lengths may vary; the normal expectation is thirty
pages. Students may receive up to two credits for the senior essay, though it counts as
only one departmental seminar whether one or two terms are taken.
The first meeting is on DATE, or on DATE, in Room 106, 28 Hillhouse Ave.
Seniors planning to write a senior essay should attend this meeting. Details regarding
calculation of distinction will be discussed and senior essay guidelines will be
distributed. |
Econ 492b. The Senior Essay
[Permission of instructor required]
|
|
Donald Brown[1 HTBA] |
|
After Econ 491a.
Students deciding to write one-term senior essays by enrolling in
ECON 491a, or two-term senior essays by enrolling in ECON 491a and 492b, must choose their
topics and advisers by DATE. In order to be considered for Distinction in the
Major, students must submit three copies of their essay to the Economics department office
by the end of the next to last week of classes in the spring semester. This is also the
due date for two-semester senior essays. Advisers are chosen with the assistance of
the director of undergraduate studies.
The format and character of the departmental senior essay may vary to
suit the interest of the student and the demands of the topic, but it is expected that the
tools and concepts of economic analysis will be employed and that the essay will
contain original research. Paper lengths may vary; the normal expectation is thirty
pages. Students may receive up to two credits for the senior essay, though it counts as
only one departmental seminar whether one or two terms are taken.
The first meeting is on DATE, or on DATE, in Room 106, 28 Hillhouse Ave.
Seniors planning to write a senior essay should attend this meeting. Details regarding
calculation of distinction will be discussed and senior essay guidelines will be
distributed. |
Econ 498a/499b. Directed Reading
[Permission of instructor required]
|
|
Donald Brown[1 HTBA] |
|
Students desiring a directed reading course in
special topics in economics not covered in other graduate or undergraduate courses may
elect this course, usually not more than once, with written permission of the director of
undergraduate studies and of the instructor. The instructor meets with the student
regularly, typically for an hour a week, and the student writes a paper or a series of
short essays.
May be elected for one or two terms. Does not meet the requirement
for a departmental seminar. |
Seminars
|
| Preregistration for junior and
senior majors, held in Room 101, 28 Hillhouse Avenue, is required during the designated
sign-up period. |
|
Econ 401a. Labor Economics and Welfare
Policies
|
|
Joseph Altonji [TBA, WLH 120] |
|
Labor markets, labor supply and welfare programs,
retirement and social security, wage determination, human capital, gender and racial
discrimination, inequality, immigration and migration, unions, and unemployment.
Enrollment limited.
After intermediate microeconomics, and econometrics or a course in the
Statistics 101-6 sequence. |
Econ 402b. Economics of Education
|
|
Justine Hastings [T/Th 1:00-2:15 ] |
|
This course will cover academic research in
the Economics of Education. Topics include production of student achievement, measuring
student achievement, funding of public education, and school choice and school vouchers.
Prerequisite: After Intermediate Microeconomics or equivalent, Calculus,
Econometrics or a course in the Statistics 101-6 sequence. |
Econ 403b. Trade and Development [Permission
of instructor required]
|
|
David Atkin [T/Th 2:30-3:45] |
|
For some developing countries, international
trade has brought about rapid growth and large-scale reductions in poverty. Meanwhile for
other developing countries, international trade has simply increased inequality and
brought little growth. This course will draw on both theoretical models and empirical
evidence to better understand the reasons for these very different experiences.
Prequisites: After intermediate microeconomics as well as one
econometrics/statistic course. |
Econ 404b. Economics of Population [Permission
of instructor required]
|
|
Nancy Qian [T/Th 10:30-11:20 1HTBA] |
|
This course investigates issues such as the
causes and consequences of declining fertility rates, gender discrimination, disease,
famine and wars in the context of developing countries as well as historically in
countries that are developed today. The class will use economic methods and students will
be expected to solve simple models and replicate empirical studies using STATA. Readings
will mainly be based on journal articles, while textbooks are mainly used as a reference.
The course will be graded on problem sets and two in-class exams.
Prequisites: Statistics and intermediate microeconomics |
Econ 450a. Investment Analysis [Permission
of instructor required]
|
|
David Swensen, Dean Takahashi [M 1:00-3:25, WLH
011 |
|
Examination of investment management in theory
and practice. Discussion of asset allocation, investment strategy, and manager selection
from the perspective of an institutional investor. Focus on the degree of market
efficiency and opportunity for generating attractive returns. |
[Econ 452a. Behavioral Finance]
[Permission of instructor required]
|
|
Staff
[T 1:30-3:20 WLH 203] |
|
The impact of limits to
arbitrage; psychological biases on asset prices and investment behavior. Analysis of
documented deviations from the predictions of traditional financial theory.
After intermediate microeconomics, econometrics, and either ECON
251a or 252b. |
[Econ 452b. Behavioral Finance]
[Permission of instructor required]
|
|
Staff
[T 1:30-3:20 WLH 203] |
|
The impact of limits to
arbitrage; psychological biases on asset prices and investment behavior. Analysis of
documented deviations from the predictions of traditional financial theory.
After intermediate microeconomics, econometrics, and either ECON
251a or 252b. |
Econ 453a. Antitrust Law and Economics
[Permission of instructor required]
|
|
Alvin Klevorick [M 2:30-4:30] |
|
Exploration of the character, logic, and economic
effects of the U.S. antitrust laws, drawing on legal and economic analyses. Topics include
the major areas of antitrust law: price fixing and other horizontal restraints of trade,
vertical restraints of trade, monopolization, and mergers.
After Intermediate Microeconomics or equivalent. Preference
to students who have completed ECON 200b. |
Econ 455b. Information Economy
[Permission of instructor required]
|
|
Judith Chevalier [W 3:30-5:20] |
|
The economics of information, communication, and
electronic commerce. Topics include the communications infrastructure - telephone,
broadband, and wireless communications — and the regulation and adoption of these
technologies; the basic economics of selected uses of the Internet; the organization of
businesses as they are affected by new communications technologies; and intellectual
property and antitrust issues in the information economy.
Prerequisite: Introductory Microeconomics. |
Econ 456a. Private Equity Investing
[Permission of instructor required]
|
|
Michael Schmertzler [M 1:30-3:20, BCT 105] |
|
A case-oriented study of principal issues and
investment types found in substantial private equity portfolios. Topics include enterprise
valuation, value creation, business economics, negotiation, and legal structure, based on
primary source materials and original cases.
Prerequisite: Intermediate Microeconomics or equivalent, and
Econometrics. |
Econ 457b. Financial History
[Permission of instructor required]
|
|
William Goetzmann [W 9:25-11:15 LC 208] |
|
The history of finance and capital markets from
the Mesopotamian origins of financial instruments, via the mathematical development of
compound interest calculations, to modern times. Focus on innovations in the technology of
finance.
After Intermediate Macroeconomics or equivalent, and Econometrics.
No previous training in finance is assumed. |
Econ 458b. Earnings Inequalities in the
U.S. [Permission of instructor required]
|
|
Stephanie Aaronson [TBA] |
|
This course will examine the trends in earnings
inequality in the U.S. over the past 30 years. It will review the process of wage
determination and the sources of wage dispersion and explore the factors that may have
contributed to the large increase in inequality over this period, including skill-biased
technical change, changes in labor market institutions, international trade, outsourcing
(off shoring), and wages. It will also examine trends in lifecycle earnings inequality and
earnings instability. Finally, it will study the role of policy in ameliorating
inequality. Special attention will be given to the empirical techniques economists use to
distinguish between these various explanations.
Prerequisites: Intermediate micro and an econometrics course |
Econ 459b. Corporate Finance
[Permission of instructor required]
|
|
Tri Vi Dang [M 1:30-3:20, BCT 105] |
|
Selected themes in corporate finance. Topics
include financial instruments and financing patterns, the valuation of assets, capital
structure decisions, taxes, financial contracting, costs of debt and equity finance,
internal and external finance, venture capital and private equity finance, and security
design.
After introductory microeconomics. |
Econ 460b. Decision-Making, Welfare, and
the Brain [Permission of instructor required]
|
|
Julian Jamison [M 2:30-4:20, LC203] |
|
Introduction to neuroeconomics. The definition
and measurement of subjective well-being; what economic and scientific theories can do to
help maximize well-being in everyday life. Readings from a variety of disciplines,
including economics, neuroscience, philosophy, and psychology.
After intermediate microeconomics or equivalent. |
Econ 461b. Addiction, Economics and
Public Policy [Permission of instructor required]
|
|
Jody Sindelar [Th 1:00-2:50, LEPH 103] |
|
Smoking, alcoholism, illicit drugs, and obesity
studied from economic and policy perspectives. Focus on causes of and solutions to
problems.
After introductory microeconomics. |
Econ 462b. The
Economics of Human Capital in Latin America [Permission of instructor required]
|
|
Douglas McKee [T 1:30-3:20] |
|
This course provides an overview of issues
related to human capital in Latin America. Specific topics include determinants
of health and education, evaluation of human capital development policies, and the role of
human capital in a variety of economic contexts including the labor market,
immigration, child investment, intra-household bargaining, inequality, and poverty.
Prerequisite: Intermediate Microeconomics and Econometrics |
Econ 463a. Economic Problems of Latin America
[Permission of instructor required]
|
|
Staff [W 3:30-5:20, WLH 204] |
|
Study of historical and current challenges in
economic policy faced by Latin America. Topics include privatizations and regulatory
reform, competition and trade policies, exchange rate regimes, and governance. Evaluation
of reforms, emphasizing their impact on growth, poverty reduction, and the improvement of
the distribution of income.
Prerequisite: intermediate microeconomics or equivalent, and
intermediate macroeconomics or equivalent. |
Econ 464b. Information and Incentives in
Health Care [Permission of instructor required]
|
|
Andrew Epstein [T 2:30-4:20, WLH 001] |
|
Topics relating to the provision of medical care
in the United States, focusing on features brought about by asymmetric information,
uncertainty, and incentive structures.
After intermediate microeconomics or equivalent. |
Econ 465a. Debating Globalization
[Permission of instructor required]
|
|
Ernesto Zedillo [M 2:30-4:20, PR77 A001] |
|
Facets of contemporary economic globalization,
including trade, investment, and migration. Challenges and threats of globalization:
inclusion and inequality, emerging global players, global governance, climate change, and
nuclear weapons proliferation.
After two terms of introductory economics. Preference to seniors
majoring in Economics or EP&E. |
Econ 466a. Economics of Aging
[Permission of instructor required]
|
|
Douglas McKee [T 2:30-4:20] |
|
This course provides an overview of the economics
of aging and retirement. Topics include saving for retirement, the retirement decision
itself, design of social security systems, how families decide who cares for the elderly,
and how older people decide to whom to leave their assets.
Prerequisite: Intermediate micro and econometrics. |
Econ 467a. Issues in Health Economics
[Permission of instructor required]
|
|
Howard Forman [W 1:30-3:20, WLH 202] |
|
An application of microeconomic, finance, and
policy tools to the analysis of health care delivery, domestically and internationally.
Health economics theory and applications to central issues in the U.S. health care system.
TO BE DONE After introductory microeconomics. May not
be taken after or concurrently with ECON 170a. |
[Econ 468b. Institutions and Incentives in
Economic Development] [Permission of instructor required]
|
|
Staff [TBA] |
|
Assessment of alternative
policies and programs designed to promote economic development; examination of fundamental
problems of underdeveloped areas and consideration of how and whether such programs
resolve them. The roles of indigenous institutions in low-income countries in alleviating
problems of underdevelopment.
After intermediate microeconomics, and econometrics or a course in
the Statistics 101-6 sequence. |
Econ 469b. Social Networks
[Permission of instructor required]
|
|
David Miller [T 3:30-5:20] |
|
Introduction to the study of social networks.
Methods draw heavily on game theory, but also incorporate approaches from other
disciplines, including sociology, mathematics, and computer science. Important
applications include risk sharing and microfinance; job searching; the spread of
information, fads, and diseases; supply chains; collusion; and local public goods.
Prerequisite: ECON 156b or 159a. |
Econ 470a. Topics in American Economic
History: Financial Crises [Permission of instructor required]
|
|
Benjamin Chabot [W 1:30-3:20, LC 213] |
|
An empirical study of nineteenth- and early
twentieth-century financial crises. Topics include institutions, banking, panics and
crashes, the gold standard, capital market integration, deflation, and the Great
Depression.
Prerequisite: Intermediate microeconomics or equivalent, and
econometrics or a course in the statistics 101-6 series. |
Econ 470b. Topics in American Economic
History: Financial Crises [Permission of instructor required]
|
|
Benjamin Chabot [W 1:30-3:20, CO493 110] |
|
An empirical study of nineteenth- and early
twentieth-century financial crises. Topics include institutions, banking, panics and
crashes, the gold standard, capital market integration, deflation, and the Great
Depression.
Prerequisite: intermediate microeconomics or equivalent, and
econometrics or a course in the statistics 101-6 series. |
Econ 471a. Topics in Medieval Economic History,
1000-1500 [Permission of instructor required]
|
|
Philip Slavin [Th 3:30-5:20] |
|
The seminar surveys the economic development of
Western and Central Europe in the High and Late Middle Ages (1000-1500). The weekly
discussions are based on the reading of primary and secondary sources.
Pre-requisites: Introductory Microeconomics (Econ115).. |
Econ 472a. Theories of Political Economy
[Permission of instructor required]
|
|
Dino Gerardi [Th 2:30-4:20] |
|
This seminar/course is an introduction to recent
theories of political economy. We will use gametheoretic models to study the effects of
different constitutional structures on the behavior of voters and politicians and the
performance of government. We will also analyze collective decisions in small committees
and juries. Our goal is to understand how different voting rules aggregate the information
and the preferences of the agents.
Prerequisite: Intermediate Microeconomics, |
Econ 473b. Equality [Permission of
instructor required]
|
|
John Roemer [T 1:30-3:20, LC 213] |
|
Egalitarian theories of justice and their
critics. Readings in philosophy are paired with analytic methods from economics. Topics
include Rawlsian justice, utilitarianism, the veil of ignorance, Dworkin's resource
egalitarianism, Roemer's equality of opportunity, Marxian exploitation, and Nozickian
procedural justice. Some discussion of American economic inequality, Nordic social
democracy, and the politics of inequality.
Recommended preparation: intermediate microeconomics. |
| Econ 474b. Matching and Market Design
[Permission of instructor required] |
|
Staff [TBA] |
|
An introduction to the theory
of matching and market design, which addresses issues such as matching students with
schools, workers with firms, and potential organ donors with patients. Application of the
theory to various fields; emphasis on recent advances.
Prerequisite: ECON 115a or b or equivalent, or with permission of
instructor. |
Econ 476a. Topics in International Economics
[Permission of instructor required]
|
|
Miguel Ramirez [W 1:30-3:20, WLH 011] |
|
Recent developments in international economics.
Trade policy and market structure; the economics of trading blocs such as the EEC and
NAFTA; the economic consequences of continued U.S. external deficits; globalization and
inequality; exchange rates, interest rates, and volatility; speculative capital flows and
exchange rate policies; and financial crises and the prospects for the European Monetary
Union.
Prerequisite: intermediate microeconomics or equivalent, and
intermediate macroeconomics or equivalent. |
Econ 478a. Economic Development of India and
Southeast Asia [Permission of instructor required]
|
|
T.N. Srinivasan [W 2:30-4:20, WLH 004] |
|
Colonial antecedents of low levels of economic
and social development in India and, more broadly, in other South Asian countries.
Failings and achievements of the state-directed and inward-oriented development strategy
of the first four decades after independence from colonial rule. Developments since India
and the region initiated systemic economic reforms and reintegrated their economies with
the world economy, allowing market forces to play a large role in economic decisions.
Comparison of the performance of India and China since 1980.
After introductory microeconomics and introductory macroeconomics. |
Econ 479a. Economic Development of Japan
[Permission of instructor required]
|
|
Koichi Hamada [Th 1:30-3:20, WALL81 401] |
|
Japan's economic development, with attention to
the period of tremendous success in the 1960s and the recession of the 1990s. The nature
of incentive mechanisms; institutions behind the history of modern and contemporary Japan.
After introductory microeconomics and introductory macroeconomics.
May not be taken after Econ 429a. |
Econ 480b. Topics in Macroeconomics
[Permission of instructor required]
|
|
Irasema Alonso [W 3:30-5:20] |
|
Description forthcoming.
Prerequisite: Intermediate Microeconomics |
[Econ 483a. The Economy, Elections and
Markets] [Permission of instructor required]
|
|
Ray Fair [Th 3:30-5:20 CO493
313] |
|
The effect of the economy on
voting behavior, the use of betting markets to predict election outcomes and other events,
and the effect of election outcomes on stock prices.
Preference to students who have completed ECON 161a or b and
166b or ECON 162a and 163b. |
Econ 484a. The United States Banking System
[Permission of instructor required]
|
|
Nicholas Perna [T 1:30-3:20, CO493 110] |
|
The structure and functions of the U.S. banking
system, with special attention to the role of the Federal Reserve, private sector banks,
and other related financial institutions in the overall economy. The appropriate role of
monetary policy in promoting economic growth and stability; the U.S. banking system as
compared with foreign systems; and future evolution of the U.S. banking system, including
the role of electronic commerce.
After intermediate macroeconomics or equivalent. |
Econ 488a. Experimental Economics
[Permission of instructor required]
|
|
Shyam Sunder [T 1:30-3:20 PR135 B74] |
|
The use of economic experiments to investigate
the economic behavior of individuals and markets. Students are actively involved in the
design, execution, and analysis of experiments. Examples of experiments include auctions,
information aggregation, and asset markets and public goods provision.
After intermediate microeconomics or equivalent. |
