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Course Criteria
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3.00 Credits
Prerequisite(s): MATH 104 and MATH 114 or MATH 115 and ECON 001 and ECON 002. Intended primarily for economics majors. ECON 103 cannot be taken by any student who has already completed Statistics at least at the level of STAT 430 (including the sequence STAT 430/431). Such students must take an additional 200-level course to satisfy course requirements of the major. The course focuses on elementary probability and inferential statistical techniques. The course begins with a survey of basic descriptive statistics and data sources and then covers elementary probability theory, sampling, estimation, hypothesis testing, correlation, and regression. The course focuses on practical issues involved in the substantive interpretation of economic data using the techniques of statistical inference. For this reason empirical case studies that apply the techniques to real-life data are stressed and discussed throughout the course, and students are required to perform several statistical analyses of their own.
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3.00 Credits
Prerequisite(s): ECON 101, 103, MATH 104 and MATH 114 or MATH 115 or permission from instructor. This course is designed to introduce students to econometric techniques and their applications in economic analysis and decision-making. The main objective of the course is to train the student in (i) handling economic data; (ii) quantitative analyses of economic models with probabilistic tools; (iii) econometric techniques, their application as well as their statistical and practical interpretation; (iv) implementing these techniques on a computer. Estimation and inference procedures are formally analyzed for simple econometric models and illustrated by empirical case studies using real-life data. The course covers linear regression models, simultaneous-equations models, discrete choice models and univariate time series models. Estimation and Inference is conducted using least squares and likelihood based techniques. Students are required to perform several econometric analyses of their own.
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3.00 Credits
Staff. Prerequisite(s): ECON 101, 102, 103 and written permission from the Director of Independent Research. Please see the Undergraduate Coordinator in Economics (160 McNeil) for the appropriate sequence number. Individual study and research under the direction of a member of the Economics Department faculty. At a minimum, the student must write a major paper summarizing, unifying, and interpreting the results of the study. This is a one semester, one c.u. course.
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3.00 Credits
Prerequisite(s): ECON 101, MATH 104 and MATH 114 or MATH 115. Students may not receive credit for ECON 034 and ECON 210. In addition, any 200-level evening course (Section 601), when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. This course will use economic tools to explore decision making and allocation of resources within the family. The course will use both economic theory and econometric evidence to investigate these issues. The impact of gender roles and differences will be examined and the effect of these differences on economic decisions and outcomes both within and outside the family will be discussed. Student participation will be an integral part of the course. During class, students will be required to evaluate data and relate it to the theoretic model covered. Student participation will also include two in-class oral presentations. Students will be working with CWiC (Communication Within the Curriculum) as they work on these presentations.
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3.00 Credits
Prerequisite(s): ECON 101; MATH 104 and MATH 114 or MATH 115. (ECON 211 was formerly ECON 116). In addition, any 200-level CGS course (Section 601), when offered, MAY NOT count for Economics Majors, unless you are officially registered as an LPS student. This course investigates a topic which lies at the heart of economic, social and political sciences, namely the aggregation of individual preferences. Can a society as a whole exhibit preferences as individuals do Can these preferences be based on individual ones, and show the same level of coherence Which process can lead from individual preferences to the preferences of the society At the end of the 18th century, the pioneers in the field already realized that mathematics is the only language powerful enough to make deep progress in the understanding of these questions. The formalization involves pure logic as well as geometry and combinatorics.
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3.00 Credits
Distribution Course in Society. Class of 2009 & prior only. Prerequisite(s): ECON 101; MATH 104 and MATH 114 or MATH 115. Any 200-level LPS course when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. An introduction to game theory and its applications to economic analysis. The course will provide a theoretical overview of modern game theory, emphasizing common themes in the analysis of strategic behavior in different social science contexts. The economic applications will be drawn from different areas including trade, corporate strategy and public policy.
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3.00 Credits
Distribution Course in Society. Class of 2009 & prior only. Prerequisite(s): ECON 101, 102, 103; MATH 104 and MATH 114 or MATH 115. ECON 220 is highly desirable but not strictly required. In addition, any 200-level CGS course (Section 601), when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. This course provides a comprehensive introduction to forecasting in economics and business. Topics covered include statistical graphics, trends, seasonality, cycles, forecast construction, forecast evaluation and forecast combination.
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3.00 Credits
Distribution Course in Society. Class of 2009 & prior only. Prerequisite(s): ECON 101, 220; MATH 104 and MATH 114 or MATH 115. In addition, any 200-level LPS course, when offered WILL NOT count for Economics Majors unless you are officially registered as an LPS student. This course introduces students to advanced study in econometrics, with an emphasis on methods used in microeconomic applications and in evaluating the effects of social interventions. The methods covered include methods for handling limited dependent variables (useful, for example, in forecasting the demand for a new good), maximum likelihood estimators, and flexible semiparametric and non parametric estimation methods, and randomized and nonexperimental methods of estimating treatment effects. Applications of econometrics to the field of program evaluation will also be studied.
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3.00 Credits
Prerequisite(s): ECON 101; MATH 104 and MATH 114 or MATH 115. ECON 103 is recommended. Credit cannot be received for both ECON 030 and 231. In addition, any 200-level LPS course, when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. This course has two parts. The first looks at market and government failures and discusses the need for public policies as well as limits to their effectiveness including the evaluation of public projects using cost benefit analysis. The second part focuses on the economic analysis of taxation, including the economic incidence and efficiency of taxes.
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3.00 Credits
Prerequisite(s): ECON 101; MATH 104 and MATH 114 or MATH 115. ECON 103 is recommended. The LPS 200-level course, when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. This course examines the political and economic determinants of government policies. The course presents economic arguments for government action in the private economy. How government decides policies via simple majority voting, representative legislatures, and executive veto and agenda-setting politics will be studied. Applications include government spending and redistributive policies.
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