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Course Criteria
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3.00 Credits
Labor Economics I Spring 2009. Three credits. Teresa Ghilarducci This course is the first of a two-semester sequence that provides an intensive analysis of the labor process and labor markets, considering neoclassical, Marxian, and institutionalist approaches to the field of labor economics. Major course sections include the history of thought in labor economics; the organization of production and the determination of labor demand; the structure of the household and the determination of labor supply; the operation of labor markets; the determination of wages, income, and employment; the generation of inequalities and the persistence of discrimination; the determination and impact of collective bargaining; and the theory and history of the labor movement and labor organizations. Prerequisites: GECO 6190 and GECO 5104, or their equivalents. Some familiarity with calculus and econometrics is recommended.
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3.00 Credits
Labor Economics II Fall 2008. Three credits. Teresa Ghilarducci This course is the second of a two-semester course that provides a more formal analysis of labor markets than the first course. Topics include modern techniques in estimating and modeling labor market outcomes, including earnings, security, and employment. We are especially interested in the link between research and policy. Topics to be covered include: pensions and health security, financial markets and labor markets, inequality, migration, discrimination, unemployment and unemployment insurance.
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3.00 Credits
Economics of Race, Class, and Gender Not offered 2008-09. Three credits. The course takes a global, historical, and interdisciplinary perspective on the interactions between race, class, ethnicity, and gender. Using data, methods, and theories from economics, sociology, and anthropology, the course covers such topics as wealth and income inequality, wage gaps, discrimination, and household production and distribution. The course also surveys the contribution of economics to the construction of categories of race, class, and gender by examining readings from women's studies, history, political science, and historical texts such as political economy treatises, census reports, novels, travel writings, and manners guides. The principal focus is on how these texts reflect and contribute to the formation of individual and group identities and to the possibilities for social action.
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3.00 Credits
Advanced Econometrics I Fall 2008. Three credits. Daniele Tavani This course builds on GECO 6181. The first half of the semester revisits estimation, inference, and diagnostics. Microeconometric techniques such as panel data, qualitative response models, and nonparametric estimation are introduced. The second half is devoted to time series econometrics. Lab sessions to be arranged. Prerequisites: GECO 6181 and GECO 6189, or permission of the instructor.
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3.00 Credits
Advanced Econometrics II Spring 2009. Three credits. Stefan Mittnik This course builds on the material in Advanced Econometrics I to cover specialized topics in time series analysis, including estimation of dynamical systems, general method of moments, spectral analysis, seasonality, detrending, stationary and nonstationary systems, causality, and ARCH and its extensions. Prerequisite: GECO 6281 or permission of the instructor.
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3.00 Credits
Advanced Mathematics for Economics Spring 2009. Three credits. Lucas Bernard This course covers the following topics, with economic examples: difference and differential equations with applications, optimal control problem and Hamiltonians, the Ramsey model, stochastic control and the certainty principle, dynamic optimization and Euler equations, optimality principle of dynamic programming and value functions, and using computer software for simulation of economic models. Prerequisite: GECO 6189 or permission of the instructor.
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3.00 Credits
Economic Development I Not offered 2008-09. Three credits. Instructor to be announced. This course is the first in a two-semester sequence on development economics. It focuses on the macroeconomics of development, beginning with a historical review of development doctrine. Further topics include economic growth, income distribution, stabilization and adjustment, and external relations.
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3.00 Credits
Economic Development II Not offered 2008-09. Three credits. This course is the second in a two-semester sequence on development economics, concentrating on the microeconomic issues of development. Both theoretical and empirical research are studied. The theoretical component emphasizes issues related to rural household decisions such as consumption, agricultural production, and fertility, although some attention is given to urbanization and industrialization. The empirical component includes statistical and microeconometric methods, but also nonquantitative methods such as anthropological studies. Prerequisites: GECO 6181 and GECO 6190, or permission of the instructor. Recommended: GECO 6281 and GECO 6200.
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3.00 Credits
Research Workshop and Seminar in Macroeconomics: Topics in Post-Keynesian Economics Not offered 2008-09. Three credits. Lance Taylor This course focuses on the nexus between the theory of distribution and the theory of effective demand. A distinctive feature of post-Keynesian economics is its rejection of the marginalist theory of distribution, but there is no consensus on an alternative. We explore various approaches to distribution that have characterized post-Keynesian literature, including the theory of distribution implicit in the General Theory, the Kaleckian tradition, the Kaldor and Pasinetti equations, monetary theory and income distribution, and the Sraffian approach. This course is a seminar on macroeconomics, with an emphasis on student presentations. Students are welcome to suggest other topics for discussion. Prerequisites: GECO 6202 or permission of the instructor. Recommended: GECO 6206.
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3.00 Credits
Research Workshop in Economic Theory and Economic Modeling Not offered 2008-09. Three credits. Evolutionary and institutional economics: Theory and simulation. The first half of the workshop offers an overview of conceptions, theories, and models of evolutionary and institutional economics. Biological analogies in economic theory, complexity, and evolutionary processes of complex systems will be discussed. The conceptions of "self-organization,""equilibrium," and "emergence" will be compared. Applications will inclu"self-policing" institutions, the "evolution of cooperation," the evolution technology selection, and the evolutionary theory of the firm. The second half will combine reading papers in the simulation literature with student pilot research projects.
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