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Course Criteria
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0.00 - 4.00 Credits
This is an advanced microeconomic theory course. Using the concepts and mathematical techniques developed in ECO 310, the following topics are studied: [1] Theories of choice under uncertainty. [2] Risk aversion and applications to insurance and portfolio choice. [3] Equilibrium under uncertainty with applications to financial markets. [4] Asymmetric information: moral hazard and adverse selection. [5] Applications to the design of incentives, contracts, contests, and auctions. Concepts in game theory are developed as needed.
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0.00 - 4.00 Credits
This course applies microeconomics to understand the nature of markets and industries. The emphasis is on employing analytic models that have empirical relevance to explain behavior of firms and the consequences for the role of an industry in the economy. One perspective of the course is on the forces that shape business strategies towards rivals and consumers. The other perspective of the course is on the rationales and designs of anti-trust and regulatory public policy towards business.
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0.00 - 4.00 Credits
An introduction to the economics of law. Application of price theory and welfare analysis to problems and actual cases in the common law - property, contracts, torts - and to criminal and constitutional law. Topics include the Coase Theorem, intellectual property, inalienable goods, product liability, crime and punishment, and social choice theory.
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0.00 - 4.00 Credits
This course will use economic concepts to analyze the relationship between education and economic performance, at both the individual and aggregate level. It will also use economic and statistical tools to evaluate various education policy options. These range from long-standing debates about class size to the controversy surrounding the No Child Left Behind legislation. To that end, the course will familiarize students with contemporary education institutions, enable students to apply economic and statistical tools to questions arising from these institutions, and enable students to evaluate education policy options.
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0.00 - 4.00 Credits
To provide a general overview of labor markets. Covering labor force participation, the allocation of time to market work, migration, labor demand, investment in human capital (education, on-the-job training, man-power training), discrimination, unions and unemployment. The course will also examine the impact of government programs (such as unemployment insurance, minimum wages, or a negative income tax) on the labor market.
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0.00 - 4.00 Credits
The main goal is to learn to think analytically about government policy problems.
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0.00 - 4.00 Credits
This course explores the role that money, financial markets and institutions, and monetary policy play in shaping the economic environment. We investigate why these markets and institutions arise and may lubricate the resource allocation analytically (rather than descriptively), using tools of economic theory.
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0.00 - 4.00 Credits
This course examines the transformation of European economies from a circumstance in which Malthusian population pressure on resources was the dominant historical force to one in which the growth of population and income per-capita has become the norm for industrialized countries. This transformation, covering the period from roughly 1200-1900, marks one of history's great changes. Topics include the demographic, technological, and institutional preconditions that supported growth; and the consequences of industrialization to living standards, inequality, and its spread beyond Europe.
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0.00 - 4.00 Credits
This course covers topics related to the current economy and current economic policy. The course will begin by reviewing the causes of the recession that began in December 2007. It will concentrate on consumer behavior, financial markets, unemployment, and the housing sector. The role of public policies in contributing to the economic crisis and in ending the crisis will be explored. The state of the recovery will be assessed and monitored. The course will also consider current economic policy priorities.
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0.00 - 4.00 Credits
This course examines why some countries are economically more successful than others, why some countries are rich and others poor, and why some countries grow quickly and others slowly. The first examines the degree to which income variations across countries can be attributed to variations in factor accumulation. The second studies the role of productivity and technology in explaining income differences. The third explores fundamental characteristics of countries that may underlie differences in factor accumulation and productivity among countries.
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