Courses

• CAS EC 508: Econometrics
  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
  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
  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
  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
  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
  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
  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 536: Economics of Corporate Organization
  Economic analysis of the architecture and performance of firms and other organizations. Topics include firm boundaries, the allocation of ownership and control, integration and outsourcing, corporate governance, performance evaluation, and compensation. May not be taken for credit in addition to CAS EC 436.
• CAS EC 541: Topics in Monetary Theory and Macroeconomics
  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
  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
  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 551: Economics of Labor Markets
  Economic behavior of labor markets and labor market institutions in the United States. Wage determination, labor allocation, discrimination, economics of trade unions, and industrial relations. Implications of labor market behaviors for public policy.
• CAS EC 561: Public Economics I
  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 563: Race and the Development of the American Economy: A Global Perspective
  (Meets with CAS AA 563.) Surveys the economic history of African Americans within the context of the development of the American and global economies. Topics include the economics of slavery; race and industrialization; the Great Migration; anti-discrimination legislation; and the historical origins of contemporary racial inequalities.
• CAS EC 565: Economic Institutions in Historical Perspective
  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
  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
  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
  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
  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.

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