EC 392 - Advanced Topics in Mathematical Economics

Institution:

Colorado College

Subject:

Description:

Selected topics in the study of Mathematical Economics. Specific content and emphasis are developed by the instructor(s). Topics will meet the ME elective requirement for the Mathematical Economics major. Block 4: Advanced Topics in Mathematical Economics: Macroeconomic Theory. Modern macroeconomic analysis is inherently nonlinear and dynamic. Differential equations, difference equations, and dynamic optimization are part of the core tools used in modern macroeconomic research. These mathematical tools are illustrated with vector fields and phase diagrams. The purpose of this class is to learn these modeling techniques and apply them to current issues in modern macroeconomic research ranging from inflation and unemployment to optimal combinations of fiscal and monetary policy. In the end, students will be able to specify macroeconomic problems in terms of a mathematical model, solve them and interpret the results. Prerequisite: Consent of instructor and Economics 151, Economics 152. 1 unit - DeAraujo. Block 4: Advanced Topics in Mathematical Economics: Macroeconomic Theory. Modern macroeconomic analysis is inherently nonlinear and dynamic. Differential equations, difference equations, and dynamic optimization are part of the core tools used in modern macroeconomic research. These mathematical tools are illustrated with vector fields and phase diagrams. The purpose of this class is to learn these modeling techniques and apply them to current issues in modern macroeconomic research ranging from inflation and unemployment to optimal combinations of fiscal and monetary policy. In the end, students will be able to specify macroeconomic problems in terms of a mathematical model, solve them and interpret the results. Prerequisite: Consent of instructor and Economics 151, Economics 152. 1 unit - DeAraujo. Block 6: Advanced Topics in Mathematical Economics: Addiction. This course provides the student with the mathematical tools to explore the economic models of addiction. The course begins by exploring static demand-side models of addiction before proceeding to their dynamic counterparts. The course will rely on journal articles that explore the demand for addictive substances such as alcohol, tobacco, marijuana, and cocaine. Also explored are models that treat gambling and sports spectatorship as addictive behaviors. A limited discussion of supply-side models is also included. Prerequisite: Consent of instructor. 1 unit - Fenn.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.coloradocollege.edu

Phone Number:

(719) 389-6000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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