Economics

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  • CAS EC 492: Directed Study in Economics
  • CAS EC 501: Microeconomic Theory
    Undergraduate Prerequisites: CASEC201 or equivalent, and either CASEC505 or CASMA225, or consent of instructor.
    Covers the basic concepts and techniques of microeconomic theory. Topics include consumer demand and its foundation on preferences and budget constraints, economics of uncertainty and imperfect information, production theory, applied competitive equilibrium analysis, elementary game theory, and imperfect competition.
  • CAS EC 502: Macroeconomic Theory
    Undergraduate Prerequisites: CAS EC 202 or equivalent, or consent of instructor.
    Graduate Prerequisites: EC 202 or equivalent, or consent of instructor.
    Brief overview of macroeconomics, leading to successive focus on long-run economic growth and inflation, and on short-run fluctuations with emphasis on the role of fiscal and monetary policy. Readings from research journals; introduction to analysis of macroeconomic data.
  • CAS EC 505: Elementary Mathematical Economics
    Undergraduate Prerequisites: CAS MA 121; or consent of instructor.
    Graduate Prerequisites: CAS MA 121; or consent of instructor.
    Stresses the formulation of economic problems in mathematical terms. Topics covered include partial derivation, total differentials, constrained maximization, matrix algebra, dynamic analysis, and discounting. Cannot be taken for credit by concentrators in Mathematics or Economics and Mathematics.
  • CAS EC 507: Statistics for Economists
    Undergraduate Prerequisites: CAS EC 305; or equivalent and elementary calculus.
    Graduate Prerequisites: CAS EC 305; Elementary Calculus and CAS EC 305.
    Covers descriptive statistics, measures of association, dispersion, frequency distribution, probability, sampling distributions, estimation, and hypothesis tests. Introduces multivariate regression analysis, with emphasis on specification, testing, and interpretation of econometric models. Required use of statistical software packages to generate results.
  • CAS EC 508: Econometrics
    Undergraduate Prerequisites: CAS EC 507; and for undergraduate students only, (CASEC414).
    Graduate Prerequisites: CAS EC 507.
    Provides standard econometric tools for performing and evaluating empirical economic research in academic or business settings. Introduces basic concepts: quantification of uncertainty using confidence intervals, inference of causal relationships in regressions, and prediction based on regression estimates. Use of statistical software.
  • CAS EC 509: Topics in Econometrics with Applications
    Undergraduate Prerequisites: CAS EC 507 and CAS EC 508; or consent of instructor.
    Introduction to standard time series techniques and some advanced cross-sectional techniques in econometrics. Emphasis on applications in economics, political science, finance, marketing, and other areas of social science and business.
  • CAS EC 513: Game Theory
    Undergraduate Prerequisites: CAS MA 121 or CAS MA 122 or CAS MA 123 or CAS MA 124 or CAS MA 127 or CAS MA 129; or instructor's permission.
    Models of decision-making in which the choices of different individuals interact: basic equilibrium notions in normal form games, including signaling games and repeated games. Applications include auctions, foreign policy, takeover bids, entry deterrence, cooperation and conflict, financial markets, and public goods.
  • CAS EC 515: Economics of Information
    Undergraduate Prerequisites: CAS EC 201 or CAS EC 211; and one of CAS MA 121, 122, 123, 124, 127 or 129, or consent of instructor. Recommended: CAS EC 403.
    Introduction to the field of information economics and its applications. Covers a wide range of situations in which players have access to different private information and this private information differently affects their incentives and strategic behavior.
  • CAS EC 517: Economic Models of Social Learning and Coordination
    Undergraduate Prerequisites: one calculus course numbered CAS MA121 or higher, CAS EC201 or EC501,and EC202 or EC502 (EC515 recommended); or consent of instructor.
    Economic models analyzing the relationship between rational economic decisions and flows of information, with diverse micro- and macro- economic applications.
  • CAS EC 521: Development Policy
    Undergraduate Prerequisites: CASEC201 (or 211) and CASEC202 (or 212).
    Graduate Prerequisites: CAS EC 303 and CAS EC 304.
    Analysis of the problems of economic development, with emphasis on economic growth, macroeconomic stability, income distribution, and structural change. In a case study using historical data, students analyze a current problem and policy measures that might address it.
  • CAS EC 522: Development Strategy
  • CAS EC 531: Market Structure and Industrial Organization
    Undergraduate Prerequisites: CAS MA 121; (or a more advanced calculus course) and CAS EC201(or a more advanced microeconomics course), or consent of instructor.
    Focuses on the main interactions between firms and consumers under different market conditions and market structures. Among the issues discussed: profit maximization, monopoly power, price discrimination, bundling, oligopoly and imperfect competition, entry deterrence, quality choice, and advertising.
  • CAS EC 541: Topics in Monetary Theory and Macroeconomics
    Undergraduate Prerequisites: consent of instructor.
    Combines monetary economics, macroeconomics, and finance. Focus on the interactions among money, interest rate, and consumption and on their consequences for monetary policy and asset prices (bonds, stocks, and currencies).
  • CAS EC 542: Money and Financial Intermediation
    Undergraduate Prerequisites: CAS EC 341 or CAS EC 342; or consent of instructor.
    Graduate Prerequisites: CAS EC 341 or CAS EC 342; or consent of instructor.
    The role of money and financial institutions in the economy. The money supply process, models of money demand, financial markets, interest rates and asset prices, and the transmission of monetary policy. Financial intermediary management and regulation; derivatives and risk management.
  • CAS EC 545: Financial Economics
    Undergraduate Prerequisites: CAS EC 201 ; CAS EC 202 ; CAS EC 305; and one approved Calculus Course (CAS MA 121, 122, 123, 124, 127, or 129) or consent of instructor.
    Provides a sound understanding of the economic principles of finance, including the financial decisions and capital structure of a corporation, and its relation to capital markets. Models of capital asset pricing and investors' behavior are also discussed.
  • CAS EC 561: Public Economics I
    Undergraduate Prerequisites: CAS EC 201 or CAS EC 211; or consent of instructor.
    Applies microeconomic theory to public-policy decisions worldwide, using a methodology of applied welfare economics or cost-benefit analysis. Applications are to project evaluation, taxation, regulation, shadow pricing, privatization, policy impact analysis, and valuation of external effects such as pollution and congestion.
  • CAS EC 565: Economic Institutions in Historical Perspective
    Undergraduate Prerequisites: CAS EC 101.
    Graduate Prerequisites: CAS EC 101.
    Historical development and role of institutions underlying market economies. Topics include contract enforcement and trading institutions, financial institutions, property rights in land, environmental resources such as water management and fisheries, economic infrastructure, regulation of labor, and capital markets.
  • CAS EC 569: African American Economic History
    Undergraduate Prerequisites: CAS EC 101 or CAS EC 111; and junior standing.
    Introduction to current research in African American economic history. Topics include slavery and its aftermath, the long-term evolution of racial economic differences, segregation, voting rights, and anti-discrimination legislation. Also offered as CAS AA 569.
  • CAS EC 571: Energy and Environmental Economics
    Undergraduate Prerequisites: CAS EC 201 or CAS EC 211 or CAS EC 501.
    Graduate Prerequisites: CAS EC 201 or CAS EC 211 or CAS EC 501.
    Environmental resources and markets characterized from physical, economic, and legal standpoints. Welfare arguments for public sector intervention. Methodologies for policy assessment and simulation analyzed, including project analysis, new technology, evaluation models, deterministic and econometric models.