180.102 (S)

ELEMENTS OF MICROECONOMICS
(3) Hamilton   Limit 18 per section Prereqs: Basic facility with graphs and algebra An introduction to the economic system and economic analysis with emphasis on demand and supply, relative prices, the allocation of resources, and the distribution of goods and services; theory of consumer behavior, theory of the firm, and competition and monopoly, including the application of microeconomic analysis to contemporary problems.

Lec.
Sec. 01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22

MT 9
W  9
W  9
W  9
W  9
W  9
W  9
W  9
W  9
W  9
W  9
W  9
W 12
W 12
W  1
W  1
Th  1
Th  1
Th  1
Th  1
Th  1
Th  1
F  9

180.231 (S)

COMPARATIVE ECONOMIC SYSTEMS (3) Morgan   Limit 40     Prereq: 180.101-102  

Sec. 01

TW 1

180.242 (S)

INTERNATIONAL MONETARY ECONOMICS (3) Gapen   Limit 125 Prereq: 180.101-102   Balance of payments concepts and the trade balance, exchange rates and the foreign exchange market, expectations, interest rates and capital flows, central banking and monetary policy in open economies, exchange rate regimes and macroeconomic policy.   
Formerly 180.342

Sec. 01

F 2-3:50

180.261 (S)

MONETARY ANALYSIS (3) Ball     Limit 75    Prereq: 180.101-102, 110.106     An analysis of the financial and monetary system of the U.S. economy and the design and implementation of U.S. monetary policy. Among other topics, we will examine the role of banks in the economy, the term structure of interest rates, the stock market, the supply of money, the role of the Federal Reserve in the economy, the objectives of monetary policy in the United States and current monetary policy practice.
Formerly 180.361

Sec. 01

MT 11

180.302 (S)

MACROECONOMIC THEORY (4.5) Driscoll  Limit 40 per section     Prereq: Differential Calculus and 180.101-102 or Perm. Req’d. 
The course provides a treatment of macroeconomic theory including a static analysis of the determination of output, employment, the price level, the rate of interest, and a dynamic analysis of growth, inflation, and business cycles. In addition, the use and effectiveness of monetary and fiscal policy to bring about full employment, price stability, and steady economic growth will be discussed.

Sec. 04 added 01/31/07

Lec.

Sec. 01

02

03

04

ThF 10:30-12

T 2

T 6 pm

W 3

T 2

180.334 (Q, S)

ECONOMETRICS (3) Williams Limit 30 per section Pre. or Coreq: 180.301-302 and 550.111 -112 or Perm Req’d. Introduction to the methods of estimation in economic research. The first part of the course develops the primary method employed in economic research, the method of least squares. This is followed by an investigation of the performance of the method in a variety of important situations. The development of a way to handle many of the situations in which ordinary least squares is not useful, the method of instrumental variables, concludes the course.

Lec.

Sec. 01

02

03

Th 3-5

M 2

 M 6pm

T 4

180.336 (S)

THE ART AND SCIENCE OF ECONOMIC FORECASTS (3) Barbera   Limit 25  Prereq: 180.101-102, 180.302 or Perm. Req’d.   Will sketch out a strategy for anticipating economic turning points. Business cycle basics, monetary policy/financial market/real economy interactions will be reviewed. Long-term growth issues will be explored.

Sec. 01

Th 1-3

180.351 (Q, S)

LABOR ECONOMICS (3) Barnow Limit 25   Prereq: 180.301, 550.111 - Statistical Analysis or Perm. Req’d. The economics of the determination of earnings and the allocation of labor. The theory of labor supply and labor demand will be developed, and then applied to questions of income distribution unions, government intervention in the labor market, and discrimination. If time allows, the relation between unemployment and inflation will be discussed.

Sec. 01

MT 10

180.367 (S)

INVESTMENTS AND PORTFOLIO MANAGEMENT (3) Pritsker Limit 25 per section Prereq: 180.301, 550.111 - Statistical Analysis or Perm. Req’d. Investment securities and their markets, especially the stock market. The relations between expected return and risk. The determination of security prices. Financial portfolio selection. The assessment of the performance of managed portfolios.

Lec.

Sec. 01

02

W 3-5

Th 5

Th 6pm

180.368 (S)

MANAGERIAL ECONOMICS AND BUSINESS STRATEGY (3) Knapp   Limit 25    Prereq: 180.301, 550.111, and either 180.367 or 551.302 or Perm. Req’d.  Seminar on quantitative concepts, decision-making, and strategy in business organizations. Overall context is ‘value’ – how it is measured and maximized long term. Microeconomic theory of the firm, competitive analysis, corporate finance.

Sec. 01

M 2-4

180.369 (S)

RESEARCH IN ECONOMICS OF FINANCIAL MARKETS (3) Fohlin Limit 20     Prereq: 180.301 & 180.334

Sec. 01

Th 1-3

180.371 (S)

INDUSTRIAL ORGANIZATION (3) Shum   Limit 25  Prereq: 180.301 or Perm. Req’d Course canceled 11/21/06

Sec. 01

MW 2

180.375 (S)

ELECTRONIC COMMERCE (3) Harrington   Limit 20     Prereq: 180.301

Sec. 01

T 3-5

180.390 (S)

HEALTH ECONOMICS AND DEVELOPING COUNTRIES (3) Gersovitz   Limit 20     Prereq: 180.301  Benefits of good health and its costs. Health demand and supply in poor countries. Welfare economics of Public Health.
Cross-listed with Public Health Studies

Sec. 01

T 3-5

180.502

INDEPENDENT STUDY

180.522

SENIOR HONORS THESIS IN ECONOMICS (3) Fohlin  Prereq: 180.521 Research in Economics/ Permission required. Formerly 180.392 (This course cannot be counted as one of the 5 elective economics courses required for the Economics Major.)  Students enrolled in this course will complete the Senior Honors Thesis under the supervision of a thesis advisor (who will have been chosen by the student prior to registration for 180.521).  The formal course instructor will be in charge of overseeing registration and submitting grades.  He/she will also be available for discussions of progress or problems on the thesis.  Please note that your thesis advisor can be any faculty member in the Department of Economics, and need not be the same person as the course instructor.

360.528

APPLIED ECONOMICS INTERNSHIP Hanke   Limit 20   Prereq: 180.101-102
Perm. Req’d.  Satisfactory/ Unsatisfactory only  Cross-listed with DOGEE and Interdepartmental

Sec. 01

TBA

180.602

MICROECONOMIC THEORY Khan   Limit 25   Prereq: 180.601, 110.106 or perm. Req’d.     First term: a systematic presentation of microeconomic theory both its partial equilibrium and general equilibrium aspects. Topics covered will include preferences and utility, exchange, production, theory of the firm, capital and interest, competition and monopoly, stability of equilibrium, and welfare economics. Second term: a more intensive discussion of selected topics, emphasizing recent contributions. 

Sec. 01

T 9, Th 9-11

180.604

MACROECONOMIC THEORY Carroll Limit 25   Prereq: 180.603 or Perm. Req’d. First term: a comprehensive treatment of macroeconomic theory, including static analysis of aggregate output employment, the rate of interest, and the price level; aggregative theory of investment, consumption, demand and supply of money; empirical work on aggregative relationships. Second term: the macrodynamic theory of growth, cycles, unemployment and inflation, and selected subjects.

Sec. 01

MT 11-1

180.606

ADVANCED MACROECONOMICS II  Carroll  Limit 25   Prereq: 180.603-604

Sec. 01

M 1-3

180.608

MACROECONOMETRICS  II  Faust  Limit 20   Prereq:  180.603-604

Sec. 01

Th 11-1

180.612

ECONOMICS OF INFORMATION Karni    Limit 25    Prereq: 180.601 & 603 or Perm. Req’d.

Sec. 01

T 1-3

180.614

MATHEMATICAL ECONOMICS Khan Limit 10   Prereq: 180.601-602   

Sec. 01

T 3-5

180.616

MATHEMATICAL METHODS IN ECONOMICS II Tallarini    Limit 20 Prereq: 180.615 or Perm. Req’d  This is a continuation of 180.615 and is a course in dynamic aspects of optimization models. Techniques of dynamic programming and the calculus of variations will also be developed.

Sec. 01

W 3-5

180.618

GAME THEORY Zamir   Limit 20    Prereq: 180.601    This course is an introduction to cooperative and non-cooperative games.  Its focus is non-cooperative game theory with applications in economics.  Topics include foundations of solution concepts, refinements of Nash equilibrium, repeated games, games with incomplete information, differential games, and experimental testing of hypotheses.

Sec. 01

W 11-1

180.633

ECONOMETRICS Woutersen   Limit 20Prereq:  180.636 or equivalent, differential calculus, matrix algebra, or permission req’d.  Mathematical models of economic behavior and the use of statistical methods for testing economic theories and estimating economic parameters. Subject matter will vary from year to year; statistical methods, such as linear regression, multivariate analysis, and identification, estimation and testing in simultaneous equation models, will be stressed.

Sec. 01

W 9-11

180.637

MICROECONOMETRICS I Woutersen
Limit 12   Prereq: 180.633-634 or equivalent

Sec. 01

Th 3-5

180.642

INTERNATIONAL MONETARY ECONOMICS Guerrieri   Limit 20 Prereq:  180.603 and 180.604   A link between the balance of payments and asset accumulation/ decumulation, microeconomics of international finance and open-economy macroeconomics.  The section on open-economy macroeconomics covers approaches to balance-of-payments adjustments, theories of exchange rate determination and monetary, fiscal, and exchange-market policies under fixed and flexible rate regimes.

Sec. 01

Th 1-3

180.672

INDUSTRIAL ORGANIZATION II Shum      Limit 20     Prereq: 180.601  

Sec. 01

M 9-11

180.694

APPLIED MICRO WORKSHOP Gersovitz   Limit 20

Sec. 01

W 3:30-5

180.695

MICROECONOMICS WORKSHOP
Khan   Limit 20

Sec. 01

M 3:30-5

180.696

MACROECONOMICS WORKSHOP Carroll  Limit 20

Sec. 01

T 3:30-5

180.698

RESEARCH/TEACHING PRACTICUMS Staff  Limit 20

Sec. 01

TBA