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Course Criteria
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5.00 Credits
Advanced subject in macroeconomics that seeks to bring students to the research frontier. Topics vary from year to year, covering a wide spectrum of classical and recent research. Topics may include business cycles, optimal monetary and tax policy, monetary economics, banking, and financial constraints on investment and incomplete markets.
Prerequisite:
Prereq: 14.122, 14.452
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5.00 Credits
Advanced topics on business cycles and crises; informational frictions; coordination problems; global games; DSGE models; financial frictions.
Prerequisite:
Prereq: 14.461
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4.00 Credits
Theory and evidence on government taxation policy. Topics include tax incidence; optimal tax theory; the effect of taxation on labor supply and savings; taxation and corporate behavior; and tax expenditure policy.
Prerequisite:
Prereq: 14.04
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3.00 Credits
Theory and evidence on government expenditure policy and on regulatory and tax responses to problems of market failure. Topics include social insurance programs such as social security and unemployment insurance; health care policy; cost-benefit analysis in the context of climate change; externalities, public goods, measurement of willingness to pay for non-market goods; environmental policy, including climate policies; redistribution and the welfare state.
Prerequisite:
Prereq: 14.471
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4.00 Credits
Studies current research in public economics, with a focus on the impact of taxation and government policy on household and firm behavior.
Prerequisite:
Prereq: 14.124
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4.00 Credits
Theory and evidence on regulatory, tax, and other government responses to problems of market failure. Special emphasis on developing and implementing tools to evaluate environmental policies. Topics include cost-benefit analysis, measurement of the benefits of non-market goods and costs of regulations, and the evaluation of the impact of regulations in areas such as financial markets, workplace health and safety, consumer product safety, and other contexts.
Prerequisite:
Prereq: None
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4.00 Credits
Discusses the economic aspects of current issues in education, using both economic theory and econometric and institutional readings. Topics include discussion of basic human capital theory; the growing impact of education on earnings and earnings inequality; statistical issues in determining the true rate of return to education; the labor market for teachers, implications of the impact of computers on the demand for worker skills; the effectiveness of mid-career training for adult workers; the roles of school choice, charter schools, state standards and educational technology in improving K-12 education, and the issue of college financial aid.
Prerequisite:
Prereq: 14.01
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4.00 Credits
Combines economic theory, econometric studies, workplace case studies, and other relevant literature to examine the impact of computerization and, more generally, information technology, on US employment and wages. Topics include: recent trends in wages and employment; estimates of the impact technological innovations have on labor demand; the relationship between rules-based logic and "high" and "low" skilled occupations; and the uses and limits of information technology in assisting students and workers to learn new skills.
Prerequisite:
Prereq: 14.01
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3.00 Credits
Focuses on the theory of urban land and housing markets, and the spatial development of cities. Examines the roles played by transportation systems and local governments in shaping urban location patterns. Discusses interregional competition, economic development, and the migration of labor and capital. Students taking the graduate version complete additional assignments.
Prerequisite:
Prereq: 14.04, 14.32
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4.00 Credits
Introduction to the theory of international trade and finance with applications to current policy issues.
Prerequisite:
Prereq: 14.01, 14.02
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