Courses

The listing of a course description here does not guarantee a course’s being offered in a particular semester. Please refer to the published schedule of classes on the Student Link for confirmation a class is actually being taught and for specific course meeting dates and times.

• GRS EC 712: Time Series Econometrics
  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
  Noncooperative game theory with applications.
• GRS EC 717: Advanced Topics in Microeconomic Theory 1
  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.
• GRS EC 718: Advanced Topics in Microeconomic Theory 2
  Topics in microeconomic theory to be selected by course instructors. Areas include theory and applications of models of abstract choice, choice under uncertainty (risk, subjective uncertainty, ambiguity), choice over time, choice over menus. Critical analysis of key papers in the literature.
• GRS EC 721: Topics in Development Economics 1
  Analytical approaches to development economics, using applications of contract theory, information economics, voting theory, and dynamic methods. Topics include credit, households, firms, networks, occupational choice and human capital investment, inequality and institutional dynamics, property rights, political competition, corruption and clientelism.
• GRS EC 722: Topics in Economic Development 2
  Empirical analysis of the economic development process, addressing both proximate causes (capital, labor, human capital investments, credit and insurance market failures, and trade flows) and fundamental causes (institutional factors, conflict, and state capacity), integrated with training in empirical methods.
• GRS EC 731: Market Organization and Public Policy
  Analytical foundations of public policy toward market organization. Theoretical emphasis on imperfect competition, the structure of markets, and the strategic behavior of firms and consumers. Implications for policy in developed and less-developed countries.
• GRS EC 732: Topics in Industrial Organization
  Advanced topics in research in industrial organization, often emphasizing empirical applications, such as estimation of demand and estimation of strategic interactions between firms.
• GRS EC 733: Empirical Industrial Organization
  This course studies the frontiers of research in industrial organization, and emphasizes connections between theoretical and empirical topics. Typical topics are advanced demand estimation, auctions and market design. Can be taken separately or in addition to GRS EC 731 and EC 732.
• GRS EC 741: Topics in Macroeconomics and Monetary Theory
  Advanced topics in macroeconomics and empirical macroeconomics. Topics include empirical and theoretical perspectives on the role of monetary policy in the economy, labor markets, firm dynamics, links between financial markets and macroeconomic outcomes, and causes and consequences of inequality among households.
• GRS EC 742: Applied Macroeconomics
  Advanced topics in macroeconomics and empirical macroeconomics, with an emphasis on empirical analysis, model construction, and the quantitative evaluation of business cycles and growth.
• GRS EC 744: Economic Dynamics
  Introduces the theory and application of dynamicoptimization and equilibrium analysis, with emphasis on computational methods and techniques. Covers discrete and continuous time models in both deterministic and stochastic environments.
• GRS EC 745: Macroeconomics and Financial Markets
  Topics and approaches combine macroeconomics and finance, with an emphasis on developing and testing theories that involve linkages between financial markets and the macro economy.
• GRS EC 751: Topics in Labor Economics 1
  In addition to GRS EC 752, this course prepares students to do research in labor economics. Topics include labor supply and demand, human capital, education, job search, wage determination, unemployment, immigration, family and gender, and discrimination. Sequence may be taken in either order.
• GRS EC 752: Topics in Labor Economics 2
  In addition to GRS EC 751, this course prepares students to do research in labor economics. Topics include labor supply and demand, human capital, education, job search, wage determination, unemployment, immigration, family and gender, and discrimination. Sequence may be taken in either order.
• GRS EC 761: Public Finance
  The theory of excess burden; optimal taxation; static, dynamic, and interegional tax incidence; public goods; externalities; corporate taxation; dynamic fiscal policy; and cost-benefit analysis. Extensive use of calculus.
• GRS EC 762: Topics in Applied Public Finance
  Theory and practice of benefit-cost analysis and other similar techniques for evaluating investment projects. Emphasis on sources of divergence between public and private investment decisions through the estimation of shadow prices in a context of market distortions and disequilibrium. Case studies applying theoretical approach.
• GRS EC 764: Topics in Economic History 1
  First half of two-semester PhD sequence. Topics generally selected from: history of public debt, state finance, and monetary policy; the Industrial Revolution; urbanization; transportation and trade; institutions and long-run performance; the Great Depression.
• GRS EC 765: Topics in Economic History 2
  Second half of two-semester PhD sequence. Topics generally selected from: agricultural and environmental economic history; manufacturing; demographic change; the female labor force; labor mobility; inequality; business organization and performance.
• GRS EC 781: Health Economics 1
  Basic issues in the health market: risk aversion, moral hazard, adverse selection, provider payment, physician-patient interaction, health plans, managed care, imperfect and quality competition, and laboratory and field experiments. Theoretical approach complements industrial organization and GRS EC 782.

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