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Course Criteria
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4.00 Credits
Examines the causes and consequences of racial inequality in America and evaluates the efficacy of various market and non-market solutions. Topics include: the racial achievement gap in education, the impact of crack cocaine on inner cities, racial differences in health, crime and punishment, labor market discrimination, social interactions and the effects of peer groups, affirmative action, and more.
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4.00 Credits
Explores discontinuous changes in the economic position of groups and countries and presents mathematical and computer simulation models designed to illuminate these changes. Examples include growth/decline of trade unions, segregation of groups, development of linkages on the internet, changes in corporate work culture, growth of social pathologies in neighborhoods, and Malthusian concerns about the environment. Models include nonlinear simulations, neural networks, finite automata, evolutionary stable strategies, causal conjunctures, agent-based simulations, and genetic algorithms.
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4.00 Credits
Supervised reading leading to a long term paper on a topic or topics not covered by regular courses.
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4.00 Credits
A series of small seminars taught in section focusing on applications of economic theory to real problems.
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4.00 Credits
A thorough review of intermediate microeconomics and macroeconomics.
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4.00 Credits
An exploration of the role of education in the economy using historical, comparative, and current policy perspectives. Topics include the theory of human capital, role of education in economic growth and distribution, the educational production function, vouchers, charter schools, class size, standards, school equalization, for-profit educational institutions, and the gender gap in college completion. A serious research paper is required, as are several short critical essays of the literature.
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4.00 Credits
This seminar investigates the different approaches to optimal governance structures of firms. We will survey current research on agency problems, the market for corporate control, executive compensation, corporate boards and tunneling.
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4.00 Credits
This course studies the design of organized markets, focusing on efficient organization and the incentives created by market rules. Applications include online auction markets, online advertising, government auctions of natural resources, and matching markets (students to classes or schools, medical residents to hospitals, kidneys to recipients). The analysis relies on a mix of documenting the rules of real-world markets, game theoretic analysis, empirical analysis, and experimental work.
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4.00 Credits
Provides a discussion of the economic impacts of international trade policies and the political economy of trade policy formation. The course will focus on analytical methods and therefore requires knowledge of calculus.
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4.00 Credits
Middle Eastern countries enjoyed world economic leadership during the Middle Ages, and continue to play an important role in the world economy. This course will explore the historical development of Middle Eastern economies. Topics include the effects of colonialism, natural resource endowments and religion on economic growth. The course will emphasize how these and other historical factors continue to influence development prospects in the region today.
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