Economics

  • CAS EC 569: African American Economic History
    Undergraduate Prerequisites: CAS EC 101; 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 501.
    Graduate Prerequisites: CAS EC 201 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.
  • CAS EC 572: Public Control of Business
    Undergraduate Prerequisites: CAS EC 201 or CAS EC 501.
    Examines economic theory and case studies of antitrust policy, government regulation of private industry and operation of state owned enterprises. Case studies are drawn from both industrialized and developing countries.
  • CAS EC 581: Health Economics I
    Undergraduate Prerequisites: CAS EC 501.
    Graduate Prerequisites: CAS EC 501.
    Demand for insurance and health care, moral hazard, and adverse selection. Supply of health care, quality and price competition. Physician agency, payment systems, capitation, risk management, and managed care. Emphasis on U.S. institutions, although concepts are relevant to other countries.
  • CAS EC 591: International Economics
    Undergraduate Prerequisites: CAS EC 304 and CAS EC 391.
    Graduate Prerequisites: CAS EC 303 and CAS EC 304.
    Theory of international trade; empirical evidence from both industrialized and developing economies. The factor content of trade, technology and trade patterns, scale economies and imperfect competition, elements of economic geography. Policy interventions: tariffs, the exchange rate, trading blocs, and political economy of reform.
  • CAS EC 595: International Finance
    Undergraduate Prerequisites: CAS EC 502; or consent of instructor.
    Graduate Prerequisites: CAS EC 502; or consent of instructor.
    Applies economic tools to open-economy macroeconomics. Topics include the determinants of the current account, exchange rate management, international capital markets, and growth in the world economy. Topical issues: the formation of the Euro; debt and financial crisis in developing countries.
  • CAS EC 597: MAEP Internship
    Undergraduate Prerequisites: Completion of the MA Economics Core (CASEC501, CASEC502, CASEC507, CASEC508).
    (For students starting the program in spring, the prerequisites may be abridged to CASEC501 and CASEC507 by departmental approval.) With departmental approval, MAEP students may work in an off- campus internship lasting six weeks or more, receive on-the-job training complementing their academic studies, and earn academic credits towards their degrees. Grades are based on reports from student and workplace supervisor.
  • CAS EC 598: The Economics of Globalization
    Undergraduate Prerequisites: CASEC201 or EC501, or equivalent; CASEC203 or EC303 or EC507, or equivalent; CASEC391 or EC591, or equivalent; CASMA121 or MA123 or CASMA127 or EC505, or equivalent; or consent of instructor.
    Analyzes various facets of globalization from both theoretical and empirical perspectives, using tools from international trade theory. Topics include firm-level trade patterns, multinational production, foreign direct investment, the creation of global vertical supply chains, outsourcing, and offshoring.
  • GRS EC 701: Microeconomic Theory 1
    Graduate Prerequisites: consent of instructor.
    Neoclassical general equilibrium theory. Topics covered include consumption, production, existence of competitive equilibrium, fundamental welfare theorems, externalities, and uncertainty.
  • GRS EC 702: Macroeconomic Theory 1
    Graduate Prerequisites: consent of instructor.
    Introduction to topics and tools in macroeconomics. Dynamic programming and rational expectations; neoclassical growth and real business cycle models; investment and financial markets; analysis of frictional labor markets.
  • GRS EC 703: Microeconomic Theory 2
    Graduate Prerequisites: consent of instructor.
    Noncooperative game theory. Economics of information: adverse selection, signaling, principal agent problem, moral hazard and introduction to mechanism design.
  • GRS EC 704: Macroeconomic Theory 2
    Graduate Prerequisites: consent of instructor.
    Effects of taxation and government spending; monetary non-neutrality and nominal rigidities; optimal fiscal and monetary policy.
  • GRS EC 705: Introduction to Mathematical Economics
    Graduate Prerequisites: consent of instructor.
    Introductory real analysis at the level of metric spaces, correspondences, fixed point theorems, and convexity in Euclidean space. Applications to optimization theory, dynamic programming, and existence of equilibrium.
  • GRS EC 707: Advanced Statistics for Economists
    Graduate Prerequisites: consent of instructor.
    Intermediate level probability and statistics course intended as preparation for econometrics and economic theory. Topics typically covered include random variables, moments, sampling, point and interval estimation, hypothesis testing, and asymptotic theory in the context of univariate and multivariate models.
  • GRS EC 708: Advanced Econometrics 1
    Graduate Prerequisites: GRS EC 705 and GRS EC 707; or consent of instructor.
    Advanced treatment of econometric theory: projections, OLS, asymptotic theory, instrumental variables, GLS, heteroskedasticity and autocorrelation robust standard errors, multivariate systems, non-linear models, maximum likelihood, misspecified models, hypothesis testing, introduction to time series, unit root and cointegration, simultaneous equations, GMM.
  • GRS EC 709: Advanced Econometrics 2
    Graduate Prerequisites: GRS EC 708; or consent of instructor
    Advanced course in econometrics with an emphasis on applications to cross-section, panel and time series data. Typically covers generalized method of moment and/or likelihood-based estimation in the context of limited dependent variable models, linear panel models, rational expectation models, structural vector autoregressions, and treatment effects.
  • GRS EC 711: Advanced Topics in Econometrics
    Graduate Prerequisites: GRS EC 708; or consent of instructor.
    Advanced course in econometrics with an emphasis on recent topics of research in microeconometrics. Examples of topics covered include nonparametric estimation, bootstrap, partial and weak identification, nonseparable models, quantile and distributional methods, nonlinear panel data models, and structural estimation.
  • GRS EC 712: Time Series Econometrics
    Graduate Prerequisites: GRS EC 708; or consent of instructor.
    Theory of stationary processes: models, estimation in the time and frequency domain, spectral analysis, asymptotic distribution, Kalman filter, VAR models. Non-stationary processes: functional central limit theorem, asymptotic results with unit roots, tests for unit roots, cointegrated systems, structural change models.
  • GRS EC 716: Game Theory
    Graduate Prerequisites: GRS EC 705; or a course in real analysis; or consent of instructor.
    Noncooperative game theory with applications.
  • GRS EC 717: Advanced Topics in Microeconomic Theory 1
    Graduate Prerequisites: GRS EC 701; or consent of instructor.
    Topics in microeconomic theory to be selected by course instructors. Areas include contracts, mechanism design, organizations. Pure and applied theory with pathways to empirical applications.