ECONOMICS

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. Students who are looking to register for 180.102 and need to take the course should attend class on 1/28/08 and see Dr. Hamilton immediately afterwards.

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MW 9-9:50

F 9-9:50
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Th 12-12:50 9-9:50
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Th 10:30-11:20
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180.215 (S)

GAME THEORY-SOCIAL SCIENCE (3) Harrington   Limit 75  Prereq: 180.102

Sec. 01

TTh 10:30-11:45

180.231 (S)

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

Sec. 01

MW 11-12:20

180.242 (S)

INTERNATIONAL MONETARY ECONOMICS (3) Martin   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

MW 4:30-5:45pm

180.248 (S)

ECONOMICS PERSPECTIVES ON IMMIGRATION IN AMERICA (3) Thom  Limit 25
Dean's Teaching Fellowship
Course added 12/10/07

Sec. 01

WF 1:30-2:45

180.280 (S)

POPULATION ECONOMICS (3) Boggess  Limit 80 Prereg. 180.101-102 Cross-listed with Public Health

Sec. 01

M 3-5:30pm

180.302 (S)

MACROECONOMIC THEORY (4.5) Ball  Limit 40 per section  Prereq: 180.101-102 (Can be taken concurrently with 180.101-102) and Differential Calculus 110.106, or permission from instructor     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.

Lec.

Sec. 01

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TTh 9-10:15

W 5-5:50pm

Th 3-3:50

F 3-3:50

180.334 (Q,S)

ECONOMETRICS (3) Woutersen
Limit 30 per section    Pre. or Coreq: 180.301-302 and 550.111-112 or Perm Req’dIntroduction 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

M 10-11:50

W 1:30-2:20

Th 3-3:50

180.336 (S)

ECONOMIC FORECASTING (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 1-3:30

180.351 (S)

LABOR ECONOMICS (3) Barnow Limit 25   Prereq: 180.301 or permission of instructor

Sec. 01

T 3-5:30pm

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

T 3-5

Th 4:30-5:20pm

F 1:30-2:20

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 1:30-4

180.369 (S) (W)

RESEARCH IN ECONOMICS OF FINANCIAL MARKETS 3 Fohlin   Limit 20  Prereqs: 180.301, 180.334 Recommended: 180.367

Sec. 01

TTh 1:30-2:45

180.390 (S)
 (W)

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 3-5:30pm

180.502

INDEPENDENT STUDY

180.522 (W)

SENIOR HONORS THESIS IN ECONOMICS (3) Fohlin Prereq: 180.521 Research in Economics/ Perm. Req’d.   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 RESEARCH (3) Hanke     Prereq: 180.101-102  Permission required  Satisfactory/Unsatisfactory only      Cross-listed with Interdepartmental and Geography and Environmental Engineering

180.602

MICROECONOMIC THEORY Khan   Limit 25   Prereq: 180.301-302 or equivalent and Differential Calculus 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 9-9:50, Th 9-10:50,
F 9-9:50

180.604

MACROECONOMIC THEORY Carroll Limit 25   Prereq: 180.301-302 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 11-12:50

180.606

ADVANCED MACROECONOMICS II  Ball  Limit 25   Prereq: 180.603-604

Sec. 01

W 9-10:50

180.608

MACROECONOMETRICS  II  Faust  Limit 20   Prereq:  180.603

Sec. 01

Th 11-12:50

180.616

MATH METHODS IN ECONOMICS II Khan/ Carroll  Limit 20   Prereq:  180.615 or persmission of instructor Dates/Times/Instructors:   Khan  01/28/07 – 03/14/07  (T 1:30-3:20 Th 3-4:50)   Carroll  3/24/07 – 05/15/07  (MT 1-1:50)

Sec. 01

See description for  times

180.618

GAME THEORY Chan   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

T 1:30-3:20

180.624

TOPICS ECONOMIC THEORY Chan 

Sec. 01

W 10-11:50

180.633

ECONOMETRICS Hu   Limit 20     Prereq:  180.301-302, Statistical Inference, and Differential Calculus (incl. Partial Derivative and Matrix Algebra) or consent of instructor.  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

Th 1-2:50 M 1:30-3:20

180.638

MICROECONOMETRICS II Hu   Limit 20  Prereq: 180.601-602   This course introduces techniques that are used in applied research in microeconomics. Focus is on a particular class of models, namely discrete choice models. Well-known models in this class are the logit and probit models. Models that have better properties involve high-dimensional integrals, and this leads us to a discussion of simulation estimation. Finally, dynamic decision models for forward-looking agents who face irreversible decisions are introduced. As an application some models in economic demography are considered.

Sec. 01

W 1:30-3:20 

180.642

INTERNATIONAL MONETARY ECONOMICS Gruber   Limit 20   Prereq:  180.601 and 180.603  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 5-6:50pm

180.654

EMPIRICAL METHODS IN RISK & UNCERTAINTY Shore    Limit 20     Prereq: 180.101-102, 180.334   This doctoral course will provide tools and methods to test the models and measure the parameters of interest in the microeconomics of decision-making under uncertainty.

Sec. 01

T 10-11:50

180.672

INDUSTRIAL ORGANIZATION II Shum   Limit 20  Prereq 180.601

Sec. 01

M 9-10:50 10-11:50

180.694

APPLIED MICRO WORKSHOP
Shore   Limit 20

Sec. 01

W 3:30-4:50

180.695

MICROECONOMICS THEORY WORKSHOP Staff   Limit 20

Sec. 01

M 3:30-4:50

180.696

MACROECONOMICS WORKSHOP Ball  Limit 20

Sec. 01

T 3:30-4:50

180.698

RESEARCH AND TEACHING PRACTICUM Course added 02/28/08

Sec. 01

TBA

180.899

INDEPENDENT STUDY Staff  Course added 11/27/07

Sec. 01

TBA