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Course Criteria
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3.00 Credits
Approaches to economic problems from Aristotle to Keynes, emphasizing certain models and doctrines their origins, relevance, and evolution. Readings from Mun, Quesnay, Adam Smith, Malthus, Ricardo, Marx, Walras, Veblen, and Keynes. (Similar to Economics 148, but requires an additional assignment. Not open to students who have taken Economics 148.) Prerequisite: Economics 55D. Instructor: Goodwin
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3.00 Credits
The traditional vices of drinking, smoking, gambling, and the recreational use of drugs. Evaluation of government policy on these activities. The intellectual framework for evaluation drawn from economics, although readings refer to law, psychology, philosophy, and statistics. Instructor: Cook
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3.00 Credits
Old and recent developments in search for broader, sharper explanations of variation in market structure, technological development and living standards observed across time, countries, and industries. Historical study of writings of Smith, Ricardo, Marx, Malthus and Schumpeter. Study of modern growth theory and its implications. Background in intermediate macroeconomics and microeconomics recommended. Instructor: Peretto
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3.00 Credits
Focus on economics of trade and trade policy. Includes theoretical models explaining patterns of trade, economic gains from trade, and distribution effects (winner and losers), as well as the economic effects of trade barriers, major agencies and institutions affecting trade, preferential trading arrangements, outsourcing and offshoring, multinationals, and labor and environmental issues. (No finance.) Instructor: Krupp
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3.00 Credits
Demand for and supply of labor, including human fertility, human capital, hours of work, and labor force participation. Effects of family structure, marriage laws, taxes and transfers (welfare, earned income tax credit) on labor supply and the distribution of income across families and individuals. Labor market discrimination, unions, Background in microeconomics and econometrics recommended. Similar to Economics 155, but intended for MA students. Instructor: Arcidiacono, McElroy, or Sloan
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3.00 Credits
Basic development of cost benefit analysis from alternative points of view, for example, equity debt, and economy as a whole. Techniques include: construction of cash flows, alternative investment rules, inflation adjustments, optimal timing and duration of projects, private and social pricing. Adjustments for economic distortions, foreign exchange adjustments, risk and income distribution examined in the context of present value rules. Examples and cases from both developed and developing countries. Instructor: Conrad
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3.00 Credits
Initiate, develop, and perform a project evaluation. Range of topics include measuring the social cost of deforestation, the B1 Bomber, a child nutrition program, the local arts program. Prerequisite: Economics 285 or Public Policy Studies 261. Instructor: Conrad
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3.00 Credits
International trade, investment and migration, commercial policy, and the political economy of trade. Prerequisite: Economics 105D; and Economics 110D. Instructor: Kimbrough or Tower
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3.00 Credits
Financial aspects of growth and income determination, and macroeconomic policy in open economies. Applications to exchange rate determination, capital markets, fluctuations in the trade balance and current account, monetary and fiscal policies in open economies, currency crises, and monetary reform. Significant research component required. Prerequisite: Economics 55D. Instructor: Kimbrough
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3.00 Credits
Graduates from economics masters programs are expected to be familiar not only with economic theory at an advanced level, but also the applied techniques used to assess predicted behavior. This course is designed to give students expertise in working with datasets commonly used in various aspects of economics and business. Emphasis is placed upon applications of econometrics in business and non-academic research settings. Students will collect, analyze, and report on findings in oral and written presentations. Statistical software used will include SAS, STATA and EXCEL. Instructor: Wood
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