Courses - Fall 2026
The Department of Economics enforces course prerequisites. Students who do not meet the course prerequisites will be administratively dropped from the course.
ECON111
Restriction: Must be sophomore standing or lower.
An introduction to the modes of thought of economics. Use of simple standard tools of economics to analyze important problems that arise frequently in public policy, the news media, and in daily life. An emphasis on how economists predict what choices societies make and how economists analyze whether those are good choices. Practical application of a variety of economic tools leading to a focus on the essential unity underlying these analytical tools, viewing economics as a discipline that applies a core methodology in different ways in different situations.
ECON175
History shows that the gap between the rich and the poor has varied over time within and between countries, most recently seeming to increase within many countries while somewhat decreasing between countries. This course challenges students to investigate why people make different amounts of money, why income inequality has changed dramatically in recent years, what public policy tools exist to counter inequality increases, and what different institutional arrangements different countries use to lower inequality. This course will introduce students to theoretical tools used by economists to understand the sources of inequality and will also examine various empirical measures of inequality.
ECON200
Principles of Microeconomics
Prerequisite: MATH107 or MATH110; or must have math eligibility of MATH113 or higher.
Additional information: It is recommended that students complete ECON200 before taking ECON201.
Introduces economic models used to analyze economic behavior by individuals and firms and consequent market outcomes. Applies conceptual analysis to several policy issues and surveys a variety of specific topics within the broad scope of microeconomics.
ECON201
Principles of Macroeconomics
Prerequisite: MATH107 or MATH110; or must have math eligibility of MATH113 or higher.
Recommended: ECON200.
Credit only granted for: ECON201 or ECON205.
An introduction to how market economies behave at the aggregate level. The determination of national income/output and the problems of unemployment inflation, will be examined, along with monetary and fiscal policy.
ECON230
Applied Economic Statistics
Prerequisite: Must have math eligibility of MATH113 or higher; or 1 course with a minimum grade of C- from (MATH107, MATH110); and minimum grade of C- in ECON200 and ECON201.
Recommended: Students should already have basic familiarity with Microsoft Excel or similar spreadsheet software.
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics minor; Social Data Science-Economics).
Introductory course to develop understanding of statistical concepts used in applied economics. Students will acquire skills needed to calculate and interpret statistical concepts, including descriptive statistics, probability, discrete and continuous distributions, sampling, point and interval estimations, hypothesis testing, basic analysis of variance, and simple linear regression models. Students will apply these concepts to data using both handheld calculators and spreadsheets(Excel), and students will be introduced to an econometric software package such as SPSS or SAS or R.
ECON298I
Special Topics in Economics; Start-up Nation? Tech Entrepreneurship in Israel
Credits:
3
Grad Meth:
Reg, P-F, Aud
This interdisciplinary course will explore the unique ecosystem that has contributed to the creation and success of the Israeli tech sector. The course addresses cultural, historical, and social factors and examines key moments and individuals in the country's startup landscape. Through case studies, guest lectures, and interactive projects, students will gain practical insights into entrepreneurship. The course also addressesthe ethical considerations and social impacts of entrepreneurship in Israel, providing a well-rounded understanding of the complexities of starting a business in this dynamic environment.
Cross-listed with ISRL249J and BMGT298L. Credit will be only granted for ECON298I, ISRL249J, or BMGT298L.
Cross-listed with ISRL249J and BMGT298L. Credit will be only granted for ECON298I, ISRL249J, or BMGT298L.
ECON300
Methods and Tools for Economic Analysis
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (ECON200, ECON201); and minimum grade of C- in MATH140.
Restriction: Must be in Economics Bachelor of Science program; and must not have completed MATH241.
Economic application of mathematical tools and concepts necessary for intermediate and advanced coursework in economics. Topics include: multivariable calculus, constrained optimization, foundational coverage of probability theory, and exponential/logarithmic functions.
ECON305
Intermediate Macroeconomic Theory and Policy
Credits:
4
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON200 and ECON201; and 1 course with a minimum grade of C- from (MATH120, MATH130, MATH136, MATH140).
Credit only granted for: ECON305 or ECON325.
Analysis of the determination of national income, employment, and price levels. Discussion of consumption, investment, inflation, and government fiscal and monetary policy.
ECON306
Intermediate Microeconomic Theory & Policy
Credits:
4
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON200 and ECON201; and 1 course with a minimum grade of C- from (MATH120, MATH130, MATH136, MATH140).
Credit only granted for: ECON306, ECON326, AREC489M, or AREC326.
Analysis of the theories of consumer behavior, producer behavior, different market structures, and various sources of inefficient outcomes. Analysis of microeconomic policies designed to improve market outcomes.
ECON312
American Economic History After the Civil War
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON200 and ECON201.
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics minor; Social Data Science-Economics).
Topics include: the economics of the Civil War, the performance of southern agriculture in the late 19th century, the rise of large corporations, industrialization, the development of financial markets, the creation of the Federal Reserve Board, the economics of the Great Depression and the New Deal, the economic impact of World War II, and the rise of the modern service economy in the late 20th century. Utilizes basic economic theories to understand these episodes as well as the progress of the U.S. economy over this period.
ECON315
Economic Development of Underdeveloped Areas
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON200 and ECON201.
Credit only granted for: ECON315 or ECON416.
Analysis of the economic and social characteristics of underdeveloped areas. Recent theories of economic development, obstacles to development, policies and planning for development.
ECON317
Global Economic Policies
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON200 and ECON201.
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics minor; Social Data Science-Economics).
Analysis of policy options and debates on fostering economic growth and development in a global economy where national boundaries are no longer relevant. Topics covered will include real loanable funds markets in both local and international contexts during normal conditions and during financial crises, the design of trade and industrial policies, and the role of the World Bank, IMF, WTO, and other international agencies as well as regional and bilateral trade agreements. Emerging economies will be emphasized.
ECON321
Economic Statistics
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON200 and ECON201; and minimum grade of C- in ECON300 or (MATH241 and any statistics course).
Restriction: Must be in Economics Bachelor of Science program.
Introduction to the use of statistics in economics. Topics include: Probability, random variables and their distributions, sampling theory, estimation, hypothesis testing, analysis of variance, regression analysis and correlation.
ECON325
Intermediate Macroeconomic Analysis
Credits:
4
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON200 and ECON201; and minimum grade of C- in ECON300 or (MATH241 and any statistics course).
Restriction: Must be in one of the following programs (Economics Bachelor of Science; Economics minor).
Credit only granted for: ECON305 or ECON325.
Analysis of macroeconomic behavior and policy with emphasis on theoretical rigor. Topics include the determinants of economic growth, unemployment, inflation, and international economic flows.
ECON326
Intermediate Microeconomic Analysis
Credits:
4
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON200 and ECON201; and minimum grade of C- in ECON300 or (MATH241 and any statistics course).
Restriction: Must be in one of the following programs (Economics Bachelor of Science; Economics minor).
Credit only granted for: ECON306, ECON326, or AREC326.
Analysis of economic decision-making by individuals and firms, the resulting market outcomes, and applications to real-world problems. Emphasis on analytical logic and theoretical rigor. Topics covered include consumer preferences and utility maximization, perfect competition and market power, uncertainty and risk, externalities, and asymmetric information.
ECON327
Behavioral Economics
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON200 and ECON201.
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics minor; Social Data Science-Economics).
Integrating the insights of psychology into economics. Analysis of the ways in which individuals make decisions that systematically depart from the so-called "standard model" of homo economicus, which assumes perfect rationality, perfect selfishness, and perfect willpower. Investigating the implications of the major findings of behavioral economics for policymakers.
ECON330
Money and Banking
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON200 and ECON201.
The structure of financial institutions and their role in the provision of money and near money. Analysis of the Federal Reserve System, the techniques of central banks, and the control of supply of financial assets in stabilization policy. Relationship of money and credit to economic activity and the price level.
ECON386
Experiential Learning
Credits:
3
Grad Meth:
S-F
Prerequisite: ECON201 and ECON200.
Restriction: Permission of BSOS-Economics department; and must be in a major within the BSOS-Economics department; and minimum cumulative GPA of 2.5; and junior standing or higher.
See Department Advising Office for course eligibility, course requirements, and application information.
Student and internship eligibility requirements, along with the ECON386 application, can be found at: http://ter.ps/ECON386.
ECON387
Career Preparation for Economics Majors
Credits:
2
Grad Meth:
Reg
Prerequisite: Minimum grade of C- in ECON200 and ECON201.
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics Bachelor of Science) ; and must have earned a minimum of 30 credits.
Increase student knowledge of career paths, job search tools, and strategies for successfully obtaining a job with a BA or BS in economics. Students will engage in a range of different activities which build their understanding of job opportunities in economics and hone their abilities to find positions they want. Students will reflect on specific skills employers seek from economics graduates and incorporate that knowledge in their own individual job search and career plan.
ECON396
Independent Honors Study
Credits:
3
Grad Meth:
Reg
Restriction: Permission of BSOS-Economics department.
First semester of the departmental honors sequence. Students will develop and apply research skills required to carry out original research. By the end of the semester students will have produced a complete draft of an honors thesis resembling a scholarly journal article.
ECON399
Independent Study in Economics
Credits:
1 - 3
Grad Meth:
Reg, P-F
Permission of instructor must be arranged in advance. Open only to students who have previously earned 6 or more credits in upper division economics courses.
ECON401
Current Issues in American Economic Policy
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (ECON305, ECON325); and 1 course with a minimum grade of C- from (ECON306, ECON326); and 1 course with a minimum grade of C- from (ECON424, ECON422).
Restriction: Permission of BSOS-Economics department; and must be in one of the following programs (Economics Bachelor of Arts; Economics minor; Social Data Science-Economics).
Analysis of current economic problems and public policies. Topics could include poverty, income inequality, social insurance, education, environmental sustainability, immigration, and innovation. Other issues may be substituted depending on current events.
ECON402
Macroeconomic Models and Forecasting
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (ECON305, ECON325); and 1 course with a minimum grade of C- from (ECON230, BMGT230, ECON321).
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics minor; Social Data Science-Economics).
Analysis of the fluctuations in economic activity and the formulation and use of forecasting models of the economy. Illustrations of computer macro models and forecasting problems.
ECON410
Comparative Economic Institutions
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON325 and ECON326; and 1 course with a minimum grade of C- from (ECON321, STAT401).
Restriction: Must be in one of the following programs (Economics Bachelor of Science; Economics minor).
Institutions are the sets of rules that constrain the decisions and interactions of economic agents. The course uses economic analysis to understand both formal institutions (e.g. laws) and informal institutions (e.g. cultural norms). Practical examples are drawn from economics, law, and politics, and reflect the experience of many different countries.
ECON414
Game Theory
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (ECON306, ECON326); and 1 course with a minimum grade of C- from (ECON230, BMGT230, ECON321, STAT401).
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics Bachelor of Science; Economics minor).
Credit only granted for: CMSC474, ECON414, GVPT399A or GVPT390.
Studies the competitive and cooperative behavior that results when several parties find that their individual outcomes are jointly determined. Students will learn how to use game theory to analyze situations of potential conflict. Applications are drawn from economics, business, and political science.
ECON418C
Economic Development of Selected Areas; China
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (ECON306, ECON326); and 1 course with a minimum grade of C- from (ECON230, BMGT230, ECON321).
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics minor; Social Data Science-Economics). Students may repeat "ECON418 Economics Development of Selected Areas" for a maximum of 6 credits.
An introductory survey course of economic development in China with emphasis on understanding the process of economic reform in mainland China since 1978.
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics minor; Social Data Science-Economics). Students may repeat "ECON418 Economics Development of Selected Areas" for a maximum of 6 credits.
An introductory survey course of economic development in China with emphasis on understanding the process of economic reform in mainland China since 1978.
ECON422
Econometrics
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (ECON325, ECON326); and 1 course with a minimum grade of C- from (ECON321, STAT401).
Restriction: Must be in one of the following programs (Economics Bachelor of Science; Economics minor).
Credit only granted for: ECON422, ECON424, or AREC422.
Emphasizes the interaction between economic problems and the assumptions employed in statistical theory. Formulation, estimation, and testing of economic models, including single variable and multiple variable regression techniques, theory of identification, and issues relating to inference.
ECON423
Advanced Topics in Econometrics
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON422.
Restriction: Must be in one of the following programs (Economics Bachelor of Science; Economics minor).
Interaction between economic problems and specification and estimation of econometric models. Topics may include: autocorrelation, heteroscedasticity, functional form, simultaneous equation models, logit and probit models, instrumental variables, qualitative choice models, and other computational methods.
ECON424
Applied Econometrics
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (ECON305, ECON306, ECON325, ECON326); and 1 course with a minimum grade of C- from (ECON230, BMGT230, ECON321).
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics minor; Social Data Science-Economics).
Credit only granted for: ECON422, ECON424 or AREC422.
Provide the knowledge and skills necessary to accomplish and utilize basic applied econometric analysis utilized by many business service providers, government agencies, and nonprofits engaged in policy analysis. Topics include simple and multiple regressions using cross section, time series, and panel data, issues of heteroskedasticity, serial correlation, and multicollinearity, models with binary dependent variable, and program evaluation. Course emphasizes application of knowledge using software packages but still covers essential theoretical background.
ECON432
Applied Machine Learning
Credits:
4
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (ECON422, ECON424).
Restriction: Permission of BSOS-Economics department; and must be in one of the following programs (Economics Bachelor of Arts; Economics Bachelor of Science; Economics minor; Social Data Science-Economics).
Offers a comprehensive examination of the concepts and techniques used in machine learning, with a specific emphasis on their applications in economics. Focuses on the practical aspects of machine learning, including the use of different methods, model selection, and performance evaluation. Students will explore both supervised and unsupervised learning techniques, such as linear and non-linear regression, k-nearest neighbors, tree-based approaches, support vector machines, neural networks, and dimensionality reduction methods. Additional advanced methods may be covered, depending on the time available. Hands-on implementation of these techniques will be conducted using the R programming language.
ECON442
Globalization and Capital Markets
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: Minimum grade of C- in ECON326 and ECON325; and 1 course with a minimum grade of C- from (ECON321, STAT401).
Restriction: Must be in one of the following programs (Economics Bachelor of Science; Economics minor); and must not have completed ECON441.
Credit only granted for: ECON441 or ECON442.
Uses models of open-economy macroeconomics to explain the causes and consequences of international capital flows. Analysis is made of private consumption, investment, the government sector, current accounts, the labor market, and the money and foreign exchange markets in small open economies. This framework is then used to study examples of how speculative attacks on currencies, sudden reversals of capital inflows, and the effects of the lack of credibility of economic policy affect economic development.
ECON453
Natural Resources and Public Policy
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: AREC326, ECON306, or ECON326; and (BMGT230 or ECON230).
Restriction: Must be in one of the following programs (Agricultural and Resource Economics; Agricultural and Resource Economics: Agribusiness; Agricultural and Resource Economics: Environmental and Resource Economics; Economics Bachelor of Arts; Environmental Science & Policy-Env Economics; Social Data Science-Economics; Economics minor).
Cross-listed with: AREC453.
Credit only granted for: AREC453 or ECON453.
Rational use and reuse of natural resources. Theory, methodology, and policies concerned with the allocation of natural resources among alternative uses. Optimum state of conservation, market failure, safe minimum standard, and cost-benefit analysis.
ECON454
Public Finance and Public Policy
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (ECON306, ECON326); and 1 course with a minimum grade of C- from (ECON230, BMGT230, ECON321 or STAT401).
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics Bachelor of Science; Economics minor; Social Data Science-Economics).
The role of the the public sector in a market economy constitutes the over-arching topic of this course. Emphasis lies on analyzing government expenditure programs and the microeconomics of tax policy.
ECON456
Law and Economics
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (ECON306, ECON326); and 1 course with a minimum grade of C- from (ECON230, BMGT230, ECON321).
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics minor; Social Data Science-Economics).
Relationship of the exchange process to the system of institutions and rules that society develops to carry out economic transactions. Topics covered include: Property rights; torts, negligence, and liability; contracts and exchanges; criminal control and enforcement; equity and efficiency issues .
ECON461
Economics of Regulation and Antitrust
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (ECON306, ECON326); and 1 course with a minimum grade of C- from (ECON230, BMGT230, ECON321).
Restriction: Must be in one of the following programs (Economics Bachelor of Arts; Economics minor; Social Data Science-Economics).
Considers government intervention in economic activity of three types: antitrust policy, regulation of natural monopolies, and health safety regulation. Covers theoretical models, real-world policy applications, and empirical studies relevant to the impact of regulation.
ECON485
Economics of Land Use
Credits:
3
Grad Meth:
Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (AREC326, ECON306, ECON326); and 1 course with a minimum grade of C- from (ECON230, ECON321, BMGT230, STAT401).
Cross-listed with: AREC455.
Credit only granted for: AREC455 or ECON485.
Fundamentals of location theory. Microeconomics of land use decisions, including determination of rent and hedonic pricing models. Impacts of government decisions on land use, including regulation (e.g., zoning), incentives (transferable development rights), provision of public services, and infrastructure investments. Impacts of land use on environmental quality, including issues relating to sprawl, agricultural land preservation, and other topics of special interest.
ECON499
Independent Research in Economics
Credits:
1 - 3
Grad Meth:
Reg, P-F
ECON601
Macroeconomic Analysis I
Credits:
3
Grad Meth:
Reg, Aud
Restriction: Permission of BSOS-Economics department.
Introductory technical treatment of standard Keynesian, classical and new classical macroeconomic models. Expectations formation and microeconomic foundations of consumption, investment, money demand, and labor market behavior.
ECON603
Microeconomic Analysis I
Credits:
3
Grad Meth:
Reg, Aud
Restriction: Permission of BSOS-Economics department.
A detailed treatment of the theory of the consumer and of the firm, particularly emphasizing the duality approach. Topics include the household production model, imperfect competition, monopolistic and oligopolistic markets.
ECON616
Economic Development II
Credits:
3
Grad Meth:
Reg, Aud, S-F
Prerequisite: ECON603, and ECON604; or permission of BSOS-Economics department.
Survey of a variety of models explaining how market failures may lead to poverty and underdevelopment, with an emphasis on the empirical evaluation of constraints faced by individuals in developing countries and the programs that attempt to alleviate those constraints. Topics include: agricultural and land markets, labor markets, human capital in developing countries, credit markets, and consumption smoothing and risk coping.
ECON623
Econometrics I
Credits:
3
Grad Meth:
Reg, Aud
Prerequisite: Must have advanced knowledge of probability, statistics, and linear algebra.
Restriction: Permission of BSOS-Economics department.
Topics covered include problems of specification, estimation, hypothesis testing, and prediction in linear models. Topics include: classical linear regression and ordinary least squares, generalized linear models and generalized least squares, identification and estimation of simultaneous equation models including discussion of two-stage and three-stage least squares and other instrumental variable estimation methods. Both finite and large sample analysis of econometric procedures will be covered, and there will also be discussion of general hypothesis testing principles including discussion of misspecification tests. In addition, the course will provide instructions on the use of a major statistical package such as Stata.
ECON626
Empirical Microeconomics
Credits:
3
Grad Meth:
Reg, Aud
Prerequisite: ECON624.
Restriction: Permission of BSOS-Economics Department.
An overview is provided of modern microeconometric methods with a focus on reduced form causal inference. Tools discussed include linear regression and selection on observables, instrumental variables including LATE and the role of heterogeneity in causal inference, difference-in-difference, regression discontinuity, synthetic control, matching, propensity score methods, and inverse probability weighted estimation. In addition, inferential issues such as weak instruments and techniques for robust standard errors, clustering, bootstrap and randomized inference are discussed, time permitting. The course places strong emphasis on relating statistical methods to substantive empirical applications. Each topic is introduced with an empirical paper that uses the technique. The discussion of technical material is at an intuitive level that focuses on applications and recommendations for empirical practice. The course offers an opportunity to work on a number of extended empirical exercises that are based on published papers and original data. Students practice working with data, implementing code in Stata and conducting their own empirical analysis. These exercises also offer practice in scientific writing relevant for empirical work.
ECON630
Computational Methods in Macroeconomics
Credits:
3
Grad Meth:
Reg, Aud
Prerequisite: ECON602 and ECON601.
Restriction: Must be in one of the following programs (Economics (Master's); Economics (Doctoral)) ; or permission of BSOS-Economics department.
Essential computational methods used in macroeconomics. There will be particular focus on approximating the solution to dynamic stochastic general equilibrium models. Methods for representative-agent and heterogeneous-agent models will be extensively studied. Econometric methods such as Generalized Method of Moments, Maximum Likelihood, Vector Autoregressions wil also be covered.
ECON635
Experimental Economics
Credits:
3
Grad Meth:
Reg, Aud
Restriction: Permission of instructor.
An introduction to the methodology of laboratory and field experiments. The course concentrates on a series of experiments to show how experiments build on one another, allowing researchers with different theoretical dispositions to narrow the range of potential disagreement.
ECON637
Decision Theory
Credits:
3
Grad Meth:
Reg, Aud, S-F
Prerequisite: ECON603 and ECON604.
Restriction: Must be in the Economics program; or must have completed ECON603 and ECON604 with a letter grade of B+ or better.
Credit only granted for: ECON698B or ECON637.
Formerly: ECON698B.
Decision making is a process in which we select a course of action among available options. This course will explore the various behavioral biases observed in decision making processes by adjusting our normative theories to capture these biases.
ECON652
Public Economics I
Credits:
3
Grad Meth:
Reg, Aud
Prerequisite: ECON604 and ECON624.
The foundations of public economics, taxation, inequality, and behavioral public economics are reviewed. Major topics include welfare economics, tax incidence, behavioral responses to tax incentives and the efficiency cost of taxation, optimal taxation, income and wealth inequality, optimal tax systems and tax evasion, capital taxation and business income taxes, and taxation and behavioral economics. The course material is aimed to give students an understanding of both the foundations and methods of modern public economics, and important recent advances in our understanding of public economics. This is the first course in the two-part Ph.D. sequence in public economics.
ECON701
Advanced Macroeconomics I
Credits:
3
Grad Meth:
Reg, Aud
Prerequisite: ECON602 and ECON601.
Recent developments in macroeconomics with an emphasis on topics and techniques useful for conducting research in macroeconomics. Topics include advanced treatment of fiscal and monetary policy issues; the role of imperfect competition; real, sectoral and nominal business cycle models.
ECON708
Advanced Topics in Applied and Theoretical Microeconomics
Credits:
2
Grad Meth:
S-F, Aud
ECON709
Advanced Topics in Applied and Theoretical Macroeconomics
Credits:
2
Grad Meth:
S-F, Aud
ECON744
Advanced Topics in International Economics
Credits:
3
Grad Meth:
Reg, Aud
Prerequisite: ECON601 and ECON602.
Credit only granted for: ECON698M or ECON744.
Formerly: ECON698M.
Focuses on key topics in international macroeconomics. We will cover classic and recent papers on business cycles, exchange rates, capital flows, monetary and fiscal policy, sovereign debt, default, and currency denomination. The course will be orientated towards students initiating research in the field.
ECON771
Advanced Labor Economics: Theory and Evidence
Credits:
3
Grad Meth:
Reg, Aud
Prerequisite: ECON603 and ECON624; or permission of BSOS-Economics department.
Restriction: Must be in the Economics Doctoral program.
Provides students the theoretical background and econometric tools to engage and conduct research in labor economics. The course highlights the importance of a good balance between theory and solid empirical work. The topics include human capital, empirical earning functions, labor demand, incentive, discrimination, minimum wage, labor supply, tasks and skills, and inequality. In addition, it goes over essential topics in applied economics, including selection bias, instrumental variables, structural vs. reduced-form analysis, dynamic discrete choice models, and unobserved heterogeneity. During the term, students work with different data sets.
ECON799
Master's Thesis Research
Credits:
1 - 6
Grad Meth:
S-F
ECON808
Workshop on Macroeconomics, International Macroeconomics and International Finance; Workshop in Applied Economics
Credits:
2
Grad Meth:
S-F, Aud
ECON828
Workshop in Econometrics
Credits:
2
Grad Meth:
S-F, Aud
ECON868
Workshop in Industrial Organization, Microeconomic Theory and Behavioral and Experimental Economics
Credits:
2
Grad Meth:
S-F, Aud
ECON878
Workshop in Development, Labor and Public Economics
Credits:
2
Grad Meth:
S-F, Aud
ECON898
Pre-Candidacy Research
Credits:
1 - 8
Grad Meth:
S-F
ECON899
Doctoral Dissertation Research
Credits:
6
Grad Meth:
S-F
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