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  • ECO 511: Advanced Economic Theory I

    0.00 - 4.00 Credits
    Princeton University

    Topics vary from year to year reflecting, among other things, current developments and the instructor's interests. Topics covered in past years have included expected and nonexpected utility theory, intertemporal general equilibrium theory, evolutionary game theory, dynamic games, contract theory, theory of organizations, and bounded rationality.
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  • ECO 512: Advanced Economic Theory II

    0.00 - 4.00 Credits
    Princeton University

    Topics vary from year to year. See 511.
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  • ECO 513: Advanced Econometrics: Time Series Models

    0.00 - 4.00 Credits
    Princeton University

    Concepts and methods of time series analysis and their applications to economics. Time series models to be studied include simultaneous stochastic equations, VAR, ARIMA, and state-space models. Methods to analyze trends, second-moment properties via the auto covariance function and the spectral density function, methods of estimation and hypothesis testing and of model selection will be presented. Kalman filter and applications as well as unit roots, cointegration, ARCH, and structural breaks models are also studied.
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  • ECO 514: Game Theory

    0.00 - 4.00 Credits
    Princeton University

    This course will provide a broad treatment of game theory and its applications, particularly in economics. Coverage will include such topics as: common knowledge and rationality, refinements of Nash equilibrium, auctions, bargaining, mechanism design, dynamic games, and reputation. This follows up on the introduction to game theory provided in the microeconomic sequence.
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  • ECO 517: Econometric Theory I

    0.00 - 4.00 Credits
    Princeton University

    A first-year course in the first-year econometrics sequence: it is divided into two parts. The first gives students the necessary background in probability theory and statistics. Topics include definitions and axioms of probability, moments, some univariate distributions, the multivariate normal distribution, sampling distributions, introduction to asymptotic theory, estimation and testing. The second part introduces the linear regression model and develops associated tools. Properties of the ordinary least squares estimator will be studied in detail and a number of tests developed.
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  • ECO 518: Econometric Theory II

    0.00 - 4.00 Credits
    Princeton University

    This course begins with extensions of the linear model in several directions: (1) pre-determined but not exogenous regressors; (2) heteroskedasticity and serial correlation; (3) classical GLS; (4) instrumental variables and generalized method of movements estimators. Applications include simultaneous equation models, VARS and panel data. Estimation and inference in non-linear models are discussed. Applications include nonlinear least squares, discrete dependent variables (probit, logit, etc.), problems of censoring, truncation and sample selection, and models for duration data.
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  • ECO 519: Advanced Econometrics: Nonlinear Models

    0.00 - 4.00 Credits
    Princeton University

    This is half of the second-year sequence in econometrics methodology (ECO 513 is the other). The course covers nonlinear statistical models for the analysis of cross-sectional and panel data. It is intended both for students specializing in econometric theory and for students interested in applying statistical methods to statistical data. Approximately half of the course is devoted to development of the large-sample theory for nonlinear estimation procedures, while the other half concentrates on application of the methods to various econometric models.
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  • ECO 520: Economics and Politics

    0.00 - 4.00 Credits
    Princeton University

    Focused on analytical models of political institutions, this course is organized around canonical models and their applications. These include: voting models, menu auctions, models of reputation and cheap talk games. These models are used to explain patterns of participation in elections, institutions of congress, lobbying, payments to special interest groups and other observed phenomena.
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  • ECO 521: Advanced Macroecomic Theory I

    0.00 - 4.00 Credits
    Princeton University

    Topics vary from year to year, reflecting current developments and the instructor's interests. Topics covered in past years have included methods of numerical analysis and econometric testing of equilibrium business cycle models, the role of monetary and fiscal policy in inflation determination, the nature of optimal monetary policy, dynamic games and time consistency in macroeconomic policy formation, central banking, and the theories of price stickiness.
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  • ECO 522: Advanced Macroeconomic Theory II

    0.00 - 4.00 Credits
    Princeton University

    Macro implications of micro imperfections. The "cleansing" effect of recessions and the impact of allocative versus aggregate shocks. Recent models of consumption and empirical tests of risk-sharing. How the distribution of income or wealth affects aggregate growth and fluctuations. Role of imperfect credit markets, distributional conflict and political economy. Endogenous, skill-biased, technological change and human capital accumulation; implications for growth and social mobility.
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