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Course Criteria
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1.00 Credits
An introduction to the economic approach to demography. Applies the theoretical and empirical frameworks of economics to topics such as fertility, migration (both domestic and international), investments in health and human capital, life-cycle labor supply, intergenerational transmission of economic status, the distribution of income and wealth, and the interaction of population growth with the standard of living. Prerequisite: ECON 1110 or 1130.
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0.00 - 1.00 Credits
Examines theories of why firms exist, their internal organizations and employment relations, ownership and control, efficiency versus conflict approaches, and alternative organizational forms (e.g., employee ownership). Prerequisite: ECON 1110 or 1130.
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0.00 - 1.00 Credits
A study of industry structure and firm conduct and its economic/antitrust implications. Theoretical and empirical examinations of strategic firm interactions in oligopolistic markets, dominant firm behaviors, and entry deterrence by incumbents. Also economics of innovation: research and development activities and government patent policies. Prerequisite: ECON 1110 or 1130. Some knowledge of calculus required.
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0.00 - 1.00 Credits
This course studies the design of organized markets, focusing on efficient organization and the incentives created by market rules. The analysis relies on a mix of documenting the rules of real-world markets, game theoretic analysis, empirical analysis, and experimental work. Applications include: online auction markets (e.g., eBay, Amazon); ad auctions (e.g., Google); matching markets, including matching students to schools, matching workers to jobs (e.g., medical residents to hospitals, lawyers to clerkship positions), matching kidney donors to recipients, and online dating. Prerequisites: ECON 1110 or 1130; MATH 0060, 0070, 0090, 0100, 0170, 0180, 0190, 0200, or 0350; or instructor permission. Enrollment limited to 25 juniors, seniors, and graduate students.
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0.00 - 1.00 Credits
Bargaining theory is emerging as an important area within the general rubric of game theory. Emphasis is on providing a relatively elementary version of the theory in order to make it accessible to a large number of students. Covers introductory concepts in game theory, strategic and axiomatic theories of bargaining and their connections, applications to competitive markets, strikes, etc. Prerequisite: ECON 1110 or 1130.
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0.00 - 1.00 Credits
An analysis of the role of government in the allocation of resources. Topics include welfare economics (a review), problems of social choice, the evaluation of public expenditures, and taxation. Prerequisite: ECON 1110 or 1130.
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1.00 Credits
The course looks at the economics of social security reform with particular focus on possible policy responses to the increasing fraction of the population that is elderly in OECD countries. Among the topics that will be considered are pay as you go funding, defined benefits versus defined concentrations, privatization, labor market effects of pensions, retirement decisions, labor supply by couples, and macroeconomic effects. Prerequisite: ECON 1110. Enrollment limited to 20. Not open to first-year students.
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0.00 - 1.00 Credits
Analysis of current economic challenges in the U.S. and China. Topics include fiscal and monetary policies, international trade, capital flows and exchange rate policy, and policies for long-run growth. Emphasis on macroeconomic policies in China and the U.S., including their global impact. Prerequisites: ECON 1210. Also recommended: ECON 1550 and 1850.
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0.00 - 1.00 Credits
The economic problems of less developed countries and the theory of economic development, with emphasis on the roles played by agriculture, industry, and foreign trade. Also: education, health, employment, and migration; capital accumulation; income distribution; institutional aspects; the role of price distortions; trade policies; social discount rates, investment criteria, and the general issue of state intervention. Prerequisite: ECON 1110 or 1130, and ECON 1620 or 1630.
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0.00 - 1.00 Credits
This course deals with the economic analysis of institutions, with a focus on developing countries. The first section covers institutions in traditional agrarian societies. Topics include consumption smoothing and the organization of land, labor and credit markets. The second section focuses on the role of the community in faciliating economic activity. Institutions include cooperatives, networks, marriage and the family. Prerequisites: ECON 1110 or 1130; and ECON 1620 or 1630; or equivalent.
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