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Course Criteria
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3.00 Credits
SO/QU Staff A survey of the major equilibrium concepts of non-cooperative game theory, with an emphasis on applications to economics and related fields. Prerequisite: Completion of HC MATH 113 with a grade of 2.7 or above or equivalent preparation in calculus.
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3.00 Credits
SO (Cross-listed in East Asian Studies) S.Jilani A survey of the economic development and recent transitional experience in China and India, giant neighboring countries, accounting for roughly one third of total world population. The course will examine the economic structure and policies in the two countries, with a focus on comparing China and India's recent economic successes an failures, their development policies and strategies, institutional changes, and factors affecting the transformation process in the two countries. Prerequisite: Econ H101, or 102, or 100 or B105 or equiv.
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3.00 Credits
SO Staff Theory and practices of financial accounting for business firms. Topics include measuring and reporting results of business activities; preparation of financial statements for external users; evaluation of operations and financial status of firms with particular reference to problems of valuation and periodic income measurement.
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3.00 Credits
SO S.Jilani This advanced theory and policy course will examine recent theoretical developments in the area of international trade, in particular as they apply to key current international economic policy concerns. The topics analyzed will include international factor movements, foreign direct investment, the role of multinationals and trade in developing economies, regional integration, and preferential trade agreements. Prerequisite: ECON 300 and 302 ( or equivalent) or consent of instructor.
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3.00 Credits
SO (Cross-listed in Sociology) M.Gould Prerequisite: Soc 155a or b, Econ 101, or consent of the instructor. Typically offered in alternate years.
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3.00 Credits
SO V.Kontorovich Microeconomic theory has developed around the analysis of Adam Smith's ""invisible hand"" conjecture. To test this conjecture, we model the behavior of economic actors (consumers and firms) and their interaction in different markets (for goods, capital and labor). These models allow us to investigate the conditions under which these markets work well, less well, or not at all. In the process, basic tools and concepts used in other areas of economics are developed. Many of the topics covered in Introductory Microeconomics (ECON 101) are studied more rigorously and in greater depth. New Topics, such as behavior under risk, insurance, and imperfect information, are introduced. Prerequisite: ECON 101, 102 and Math 114 or ECON 105 and one other ECON course and Math 114. ECON 100 can be applied with approval of the Chair.
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3.00 Credits
SO A.Preston Analysis of the behavior of aggregate economic variables such as GDP, inflation, unemployment, interest rates, and the budget and trade deficits. Structured around the development of a New Keynesian/Neoclassical general equilibrium model which relates the markets for goods, money, and labor. Specific topics include: determinants of the business cycle, effects of fiscal and monetary policies, supply shocks, inflationary expectations. Prerequisite: Economics 101, 102 and Mathematics 114 ( or equivalent) or Economics 105 and one other economics course, excluding Mathematics 114 ( or equivalent). Economics 100 can be applied with approval of the Chair, and conditional on a grade of 3.0 or higher.
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3.00 Credits
SO A.Preston Development of econometric theory introduced in Economics 203. Includes topics such as ordinary least squares estimation, weighted least squares estimation, estimation of models with nonlinear forms, instrumental variables, and maximum likelihood estimation. Emphasis will be on application of econometric techniques to real economic and social policy issues such as the optimality of speed limit control, AIDS awareness and behavior modification, labor market discrimination, and worker productivity. Students will be expected to use data sets to evaluate policy issues and will be required to make a final presentation of findings in class. Prerequisite: ECON 203.
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3.00 Credits
SO R.Ball Provides a rigorous development of the theory of non-cooperative games, with applications to economic, political, social and legal problems. Topics will include normal form games and the concept of Nash equilibrium, extensive form games, repeated games and reputation effects, games of incomplete information, Bayesian equilibrium and refinement concepts, and market signaling. Prerequisite: ECON 203, 300 and two semesters of college level calculus (or equivalent).
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3.00 Credits
SO R.Ball An examination of the Arrow-Debreu model of general competitive equilibrium, one of the foundations of neo-classical microeconomic theory. The course focuses on sufficient conditions for existence and uniqueness, welfare properties, and stability of equilibrium prices. Prerequisite: ECON 300 and either MATH 216 or 317.
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