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  • ECON 471: Topics in Advanced Econometrics

    3.00 Credits
    Williams College

    This course focuses on a set of topics in the fields of time series econometrics and panel time series. Particular emphasis is placed on methods of structural identification of macroeconomic dynamics in vector autoregressive analysis and long run cointegration analysis, both in a conventional time series framework and in more recently developed multi-country and multiregional panel time series contexts. The course is well suited for students exploring possibilities for empirically oriented honors theses in fields that employ these techniques, such as macro, finance, growth, international trade and macro-development. It is also well suited for students who simply wish to expand their econometrics training and understanding to a more advanced level, or wish to pursue an honors thesis in econometrics. The course will cover both conceptual and practical issues. Prerequisite:    ECON 252 and ECON 255 (or equivalent)
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  • ECON 473: Microfinance

    3.00 Credits
    Williams College

    Unequal access to finance (loans, savings, insurance) contributes to the persistence of poverty in developing countries. We review evidence that the entrepreneurial poor lack access to loans, and discuss how repayments can be enforced even when borrowers do not have collateral. We discuss how recent innovations in micro-insurance can reduce vulnerability. We will study the role of governments and donors in equalizing financial access through subsidies or targeting. Finally, we shall explore how microfinance can empower women within the household. Readings include current empirical and theoretical research in development economics. This course is an EDI course because it critically analyzes how microfinance interventions can reduce inequality both within and across households. Prerequisite:    ECON 251 and ECON 255
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  • ECON 475: Advanced Microeconomic Theory

    3.00 Credits
    Williams College

    This course examines the mathematical underpinnings of advanced economics. This includes proofs of the following: existence and uniqueness of competitive equilibrium in a variety of environments, first and second fundamental welfare theorems, existence of Nash equilibrium, and others. The focus of this class is primarily on the mathematical proofs. These proofs are essential components of any graduate program in economics. Students who wish to see pure math theorems applied to other fields may also be interested. Prerequisite:    Mathematics 105 or equivalent, Economics 251
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  • ECON 491: Honors Seminar: Economics

    3.00 Credits
    Williams College

    This course is a research seminar for candidates for honors in economics. Each candidate prepares an honors thesis. Candidates will meet as a group to discuss problems common to all of them (such as empirical methods, data sources, and theoretical approaches) and each one will report on his/her work at various stages for criticism by the group as a whole. Some work is required during the preceding semester. Prerequisite:    Admission by the department; required for honors in Economics unless a student writes a year-long thesis
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  • ECON 492: Honors Seminar: Economics

    3.00 Credits
    Williams College

    This course is a research seminar for candidates for honors in economics. Each candidate prepares an honors thesis. Candidates will meet as a group to discuss problems common to all of them (such as empirical methods, data sources, and theoretical approaches) and each one will report on his/her work at various stages for criticism by the group as a whole. Some work is required during the preceding semester. Prerequisite:    Admission by the department; required for honors in Economics unless a student writes a year-long thesis
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  • ECON 493: Honors Thesis: Economics

    3.00 Credits
    Williams College

    A year-long research project for those honors candidates admitted to this route to honors. Prerequisite:    Admission by the department in the spring of the junior year
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  • ECON 494: Honors Thesis: Economics

    3.00 Credits
    Williams College

    A year-long research project for those honors candidates admitted to this route to honors. Prerequisite:    Admission by the department in the spring of the junior year
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  • ECON 501: Development Economics I

    3.00 Credits
    Williams College

    The course examines concepts, tools, and models in contemporary economic theory that have proved relevant to development problems, and their application in economic policymaking. Topics include growth processes and structural change; investment and sources of saving; capital, labor, and technological progress; policies for public, private, and foreign enterprises; policymaking and negotiation in governments; and policies for reducing poverty and inequality. Prerequisite:    Economics 251 and 252; undergraduate enrollment limited and requires instructor's permission
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  • ECON 502: Statistics/Econometrics

    3.00 Credits
    Williams College

    This course focuses on basic methods of bringing economic theory and data together to provide empirical guidance for policy formulation, including use of computers in econometric analysis. This course covers techniques of econometric analysis using a moderate level of mathematical exposition. Prerequisite:    Admission to 510 depends on previous background in statistics and mathematics
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  • ECON 503: Statistics/Econometrics: Advanced Section

    3.00 Credits
    Williams College

    This course focuses on basic methods of bringing economic theory and data together to provide empirical guidance for policy formulation, including use of computers in econometric analysis. This course covers techniques of econometric analysis using a more mathematical exposition. Prerequisite:    Admission depends on previous background in statistics and mathematics
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