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Course Criteria
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3.00 Credits
Fall 2006. JONATHAN P. GOLDSTEIN. Seminar. A study of the mathematical formulation of economic models and the statistical methods of testing them. A detailed examination of the general linear regression model, its assumptions, and its extensions. Applications to both micro- and macroeconomics are considered. Though most of the course deals with single-equation models, an introduction to the estimation of systems of equations is included. An empirical research paper is required. Prerequisite: Economics 257 or Mathematics 265, and Mathematics 161, or permission of the instructor.
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3.00 Credits
Spring 2007. GUILLERMO HERRERA. Seminar. Analysis of externalities and market failure; models of optimum control of pollution and efficient management of renewable and nonrenewable natural resources such as fisheries, forests, and minerals; governmental vs. other forms of control of common-pool resources; and benefit-cost analysis of policies, including market-based and non-market valuation. Not open to students who taken Economics 218 or 228 except by permission of the instructor. (Same as Environmental Studies 318.) Prerequisite: Economics 255 and 257.
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3.00 Credits
Fall 2007 or Spring 2008. DEBORAH S. DEGRAFF. Seminar. Theoretical and empirical analysis of selected microeconomic issues within the context of developing countries. Has a dual focus on modeling household decisions and on the effects of government policy and intervention on household behavior and well being. Topics include agricultural production, land use and tenure systems, household labor allocation and migration, investment in education and health, and income inequality. Prerequisite: Economics 255 and 257, or permission of the instructor.
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3.00 Credits
Fall 2007 or Spring 2008. B. ZORINA KHAN. Seminar. Technological change represents one of the most essential conditions for economic and social progress. This course examines the microeconomics of R&D, invention, innovation, and diffusion from both a theoretical and empirical perspective. Topics include the history of technology, the intellectual property system, the sources of invention and innovation, R&D joint ventures, the "information economy," and globalization. Applicationsrange from the industrial revolution of the nineteenth century through contemporary issues such as digital technology, biotechnology and the human genome project, Silicon Valley, and the Internet. Prerequisite: Economics 255 and 257, or permission of the instructor.
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3.00 Credits
MCSR.Ecological Economics and Sustainable Development
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3.00 Credits
MCSR.Open Economy Macroeconomics
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3.00 Credits
Fall 2006. B. ZORINA KHAN. Seminar. Law and economics is one of the most rapidly growing areas in the social sciences. The field applies the concepts and empirical methods of economics to further our understanding of the legal system. This course explores the economic analysis of law and legal institutions, including the economics of torts, contracts, property, crime, courts, and dispute resolution. Also focuses on topics in law and economics such as antitrust and regulation, corporations, the family, labor markets, product liability, and intellectual property. Students are introduced to online sources of information in law, and are required to apply economic reasoning to analyze landmark lawsuits in each of these areas. Not open to students who have taken Economics 341. Prerequisite: Economics 255 or permission of the instructor.
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3.00 Credits
MCSR.Research in Economics History
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3.00 Credits
Fall 2006. JOON-SUK LEE. An introduction to game theory, a theory analyzing and characterizing optimal strategic behavior. Strategic behavior takes into account other individuals' options and decisions. Such behavior is relevant in economics and business, politics, and other areas of the social sciences, where game theory is an important tool. The main game theoretic equilibrium concepts are introduced in class and applied to a variety of economics and business problems. Elementary calculus and probability theory are used. Prerequisite: Economics 255 or permission of the instructor.
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3.00 Credits
Spring 2007. PAOLA BOEL. Examines the role that money plays in market economies. Monetary policies, fiscal policies, and payment systems are studied. Particular attention is given to how inflation and taxes affect saving, investment, and output. The interaction of money with other assets, the banking system, forms of credit, and alternatives to fiat money are also investigated. Prerequisites: Economics 255 and 256.
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