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  • Econ 467: Game Theory

    3.00 Credits
    Washington University in St Louis

    Introduction to the mathematical theory of games as applied to the study of economics. Topics include games of complete and incomplete information, noncooperative games with and without time dependency, and cooperative games with and without transferable utilities. Emphasis placed on game theoretic models of industrial organization and political economy. Prerequisites: Econ 4011 (401), Math 233, and Math 2200.
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  • Econ 471: Development Economics

    3.00 Credits
    Washington University in St Louis

    Investigation of issues related to the development of the economies of third-world countries. Topics include economic growth, poverty, and the distribution of income with an emphasis on labor markets and education. Consideration of the effectiveness of various institutional policies designed to encourage development including decentralization and privatization. Empirical examples drawn from international experience, especially Latin America. Prerequisites: Econ 4011 (401) and Econ 413.
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  • Econ 472: Topics in Growth and Development

    3.00 Credits
    Washington University in St Louis

    This course highlights important empirical facts concerning growth and development in various countries at different development stages. Fundamental growth theory is then provided for explaining these facts systematically and for evaluating the consequences of commonly adopted development policies. Topics vary, but may include population; human capital and labor market development; R&D and innovation; finance and growth; modernization and industrial transformation; world income disparities and poverty problems; institutions and political economy issues; environmental and social factors; and international trade and economic integration. Prerequisites: Econ 4011 (401) and 4021 (402).
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  • Econ 4721: Advanced Topics in Modern Economic Growth

    3.00 Credits
    Washington University in St Louis

    This course studies economic theories that explain the observed patterns of economic development across time and space. What explains the growth of the world economy since the Industrial Revolution? Why are the level and the growth rate of per-capita income so different across countries? What are the determinants of inequality and risk faced by individuals in different countries? Theories featuring the role of investment, human capital, technology, coordination, financial markets, and environmental variables are presented. Theories are evaluated using historical data and detailed case studies. This course is designed to complement Econ 472. Prerequisite: Econ 4011 (401).
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  • Econ 475: International Trade

    3.00 Credits
    Washington University in St Louis

    Analysis of international trade from different perspectives: Ricardian, Hecksher-Ohlin, and new trade theories. Topics include patterns of trade, gains from trade, protectionism, international factor movements, political economy of trade policy, balance of payments, exchange-rate determination, and international investment. Rigorous application of price theory to trade issues and in-depth discussion of current international policy questions. Prerequisite: Econ 4011 (401).
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  • Econ 4861: Seminar in Macro and Monetary Economics

    3.00 Credits
    Washington University in St Louis

    Topics chosen by instructor from modern empirical and theoretical research papers in macroeconomics. Student participation in class discussions of research papers is essential. Topics vary, but may include the link between capital markets, consumption, and investment; imperfect competition and macroeconomic fluctuations; real business cycles models; and post-Keynesian macroeconomics. Prerequisites: Econ 4011 (401), 4021 (402), and 413. Please note: requests for online registration are wait-listed. Undergraduates must receive instructor permission to be enrolled. Graduate students should register for Econ 586B.
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  • Econ 487: Applied Financial Modeling

    3.00 Credits
    Washington University in St Louis

    Topics in financial economics, including portfolio theory, the capital asset pricing model, the efficient markets hypothesis, and models of time-varying market volatility, with an emphasis on empirical applications of theoretical concepts using Microsoft Excel. Cultivation of practical programming skills is designed to complement application of economic theory to financial markets. Prerequisite: Econ 4011 (401) and 413.
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  • Econ 490: Independent Work

    1.00 - 6.00 Credits
    Washington University in St Louis

    Prerequisites: senior standing and permission of the chair of the department. Credit to be determined.
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  • Econ 4901: Research Experience in Institutional Analysis

    3.00 Credits
    Washington University in St Louis

    After completing two courses in the minor in Institutional Social Analysis, students may apply to participate in a research program with the participation of the faculty supervisor. Students are chosen on the basis of their academic record and the appropriateness of the research project. Up to 10 students are selected each year. Students are expected to devote at least 10 hours per week on research, and participate in a Research Experiences for Undergraduates conference to be held each semester. Prerequisites: approval of faculty adviser and coordinator of program.
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  • Econ 493: MATHEMATICAL ECON

    1.00 Credits
    Washington University in St Louis

    The objective of this course is to develop the mathematical tools necessary for the study of intermediate micro- and macro-economic theory and the advanced electives in economics. The principal focus is the calculus of multivariate functions, including total and partial differentiation, unconstrained and constrained optimization of multivariate functions, and implicit and inverse function rules. Time permitting, the application of prior utility theory and production and cost is developed. Additional topics include difference equations and an introduction to matrices. Economics majors and minors must take either this course or Math 233 prior to, or concurrent with, Econ 4011 (401). Students who have taken, or are taking, Math 233 are encouraged to take this course as well. Prerequisites: Econ 1011 (103B) and 1021 (104B), and Math 132.
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