Courses

• CAS EC 369: Economic Development of Latin America
  Contemporary issues of economic and social policy. Macroeconomic issues: inflation, stabilization, and the debt crisis. Foreign trade and economic restructuring. Poverty and income distribution. Role of the state.
• CAS EC 370: The Chinese Economy
  Introduces the working of the Chinese economy. Combines historical-institutional and theoretical- quantitative approaches to study the transformation of China's economy into a market economy with special characteristics.
• CAS EC 371: Environmental Economics
  Role of economics in environmental planning. Economic analysis of the causes of pollution and its control through taxes, the use of property rights, and standards. Application of cost-benefit models as an aid in policy decisions affecting the environment.
• CAS EC 379: Firms, Markets, and Economic Development
  Examines the interlinked roles of business and politics in the process of economic development, with the objective of providing a framework for understanding how the private and public sectors work together to help (or impede) economic growth.
• CAS EC 385: Economics of Sports
  Applies the tools of microeconomic theory and empirical methods to study such questions as the optimal design of sports leagues, the impact of new stadiums on a local economy, fan (customer) discrimination, and salary differentials between players.
• CAS EC 387: Introduction to Health Economics
  Concepts of health economics applicable to both developed and developing countries. Topics include effect of health on the economy, effect of health care on health, hospital behavior, health work-force supply, and demand for health care.
• CAS EC 391: International Economics I
  The pure theory of international trade. Topics include comparative advantage and gains from trade, tariff and nontariff barriers to trade, and case studies in international economic policy.
• CAS EC 392: International Economics II: Problems and Policy
  Basic issues of international finance. Topics include the balance of payments, balance of payments adjustments, theories of exchange rate determination, and case studies in international economic policy.
• CAS EC 403: 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 445: Economics of Risk and Uncertainty
  For advanced undergraduates. Emphasis on quantitative links between theory and data. Topics include expected utility, portfolio choice and the capital asset pricing model, interest rates and monetary policy, the relation between the real economy and the stock market.
• CAS EC 501: Microeconomic Theory
  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
  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
  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
  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
  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.

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