Economics

• CAS EC 590: Special Topics in Economics
  May be repeated for credit as topics vary. two topics are offered in Fall 2023. Section AA: Antitrust. Studies markets with imperfect competition in the context of antitrust policy and antitrust enforcement in the United States. Uses tools from microeconomics to study how and why imperfect competition can lead to inefficient and unjust outcomes. Also studies how economists and courts assess markets with imperfect competition in the context of antitrust policy and antitrust enforcement, today and historically. Section BB: Political Economy. Studies game theoretical models of political competition to understand how societies decide on public policies. Discusses the idea of rational choice for a society when the members of that society differ in how they rank different alternatives. Models are applied to public policy issues such as income redistribution and political corruption.
• CAS EC 591: International Economics
  Undergraduate Prerequisites: CAS EC 304 and CAS EC 391.
  Graduate Prerequisites: CAS EC 303 and CAS EC 304.
  Quantitative theory of international trade; empirical evidence from both industrialized and developing economies. Factor content of trade, technology and trade patterns, scale economies and imperfect competition, economic geography. Policy interventions: tariffs, exchange rates, 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.