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Course Criteria
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3.00 Credits
Application of microeconomic theory and econometric methods to labor market behavior in both static and dynamic contexts. Labor demand analysis, labor force participation, hours of work, household production, human capital, distribution of earnings,information and search, and mobility.
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3.00 Credits
Survey of current literature on policy-related issues in labor economics, including trade union behavior, unemployment, macroeconomic aspects of labor market adjustment, discrimination, regulation of wages and benefits and public-sector labor markets. Examples from labor markets in U. S. and developing countries. Recent research developments in labor economics; topics vary according to interests and needs of students.
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3.00 Credits
Macroeconomic issues of economic development, principally the economics of growth. Review of neoclassical growth theory, followed by extensive study of endogenous growth models. two-sector models, models with intermediate inputs (both variety and quality-ladder models), endogenous labor and population, trade and growth, and the diffusion of technology across countries. Approximately equal time devoted to theory and evidence.
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3.00 Credits
Microeconomic issues of growth. Technology adoption and the distributional effects of technical change; the role of agriculture in economic development; land tenure and tenancy arrangements; the role of agrarian institutions in the development process; and poverty, inequality and economic growth in developing countries. Approximately equal time devoted to theory and evidence.
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3.00 Credits
Advanced study in logic of, and empirical inquiry into, producer behavior and choice among combinations of factors and kinds and qualities of output; aggregative consequences of individuals' and firms' decisions in terms of product supply and factordemand; factor markets and income distribution; and general interdependency among economic variables.
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3.00 Credits
Analysis of behavior of individual households and of consumers in aggregate with respect to consumption of agricultural products; impact of these decisions on demand for agricultural resources, competition among agricultural regions and for markets;and interdependence between agriculture and other sectors of the economy.
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3.00 Credits
Consideration of specialized body of economic theory dealing with international movement of goods, services, capital and payments. A theoretically oriented consideration of policy.
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3.00 Credits
Macroeconomic problems of an open economy including balance of payments adjustment mechanism, alternative exchange rate systems, external effects of monetary and fiscal policy, optimum currency areas and international monetary reform.
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3.00 Credits
Introduction to principles of estimation of linear regression models, such as ordinary least squares and generalized least squares. Extensions to time series and panel data. Consideration of endogeneity and instrumental variables estimation. Limited dependent variable and sample selection models. Attention to implementation of econometric methods using a statistical package and microeconomic and macroeconomic data sets.
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3.00 Credits
Introduction to important econometric methods of estimation such as Least Squares, instrumentatl Variables, Maximum Likelihood, and Generalized Method of Moments and their application to the estimation of linear models for cross-sectional ecomomic data. Discussion of important concepts in the asymptotic statistical analysis of vector process with application to the inference procedures based on the aforementioned estimation methods.
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