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Course Criteria
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3.00 Credits
This course is an introduction to forecasting. The course focuses on creating and working with forecasts of economic, finance, and other business data. Basic theory will also be presented. The forecasts are constructed from estimated summary statistics and parameters generated by several methods, including time series procedures and exponential smoothing. Students will learn how to interpret the uncertainty in the forecasts and in the estimated parameters. Diagnostic statistics and model selection criteria will be presented. Requirements: ECON 30331; Econometrics or some other regression based Stats class (something beyond the Stats for Econ course).
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3.00 Credits
An examination of the money and credit-supply processes and the role of money and credit in the economy. Topics include financial intermediaries, financial markets, the changing regulatory environment, monetary policy, and international monetary arrangements.
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2.00 Credits
An in-depth analysis of Federal Reserve Open Market Committee policy actions. Students must participate in college Fed Challenge competition.
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3.00 Credits
Central banks wield enormous influence over a country's economic performance. In this course, students will examine the evolution of monetary policy over time and analyze successes and failures of monetary policy and of measures taken to manage times of economic crisis. Special emphasis will be placed on the Federal Reserve System with some attention paid to policies of the Bank of Japan and the European Central Bank. The course will host a Fed Challenge team for the Fall 2008 competition. Students interested in learning how the Fed formulates policy should take the course. Anyone interested in participating in the Fed Challenge must take the course. Prerequisites: "Intermediate Macroeconomics." "Money and Banking" desired.
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3.00 Credits
Individuals' economic incentives are displayed clearly during extreme events, such as hyperinflation and currency collapse. In this course we will study the history of such events, like the German Hyperinflation, during which time German prices rose at more than 50%/month and the so-called bubbles such as 17th century Tulipmania. We will study the history and then apply modern-day modeling and econometrics. From more modern times we will look at the 1980s and 1990s currency crises in Mexico and East Asia as well as the combination crises in many developing countries hit simultaneously by currency, banking, debt and output crises. In all the experiences we will first get the facts straight and then apply modern methods. Familiarity with Econometrics is useful.
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3.00 Credits
Labor economics (ECON 30400) is not a prerequisite for this class, but those who have taken ECON 30400 are welcome to enroll. This class presents a detailed exposition of neoclassical labor market theory and empirical research in labor economics. Topics include the determinants of labor supply and demand, occupational and educational choice, mobility, wage dispersion, and discrimination. Students will use the econometric methods introduced in ECON 30331 to analyze the effects that policies have on worker behavior and labor market outcomes. Policies that will be examined include the minimum wage, welfare reform, affirmative action, education policy, and income redistribution policies.
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3.00 Credits
The first segment of the course demonstrates how economics can be applied to the analysis of the health care sector. The second part focuses upon the pending policy debate of how we as a society will provide for the health care needs of the elderly.
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3.00 Credits
This course reviews economic literature addressing current educational issues in America, including the adequacy of our K-12 public school system, the effectiveness of market-based reforms (vouchers and charter (schools) and administered forms of accountability (standardized testing). We also examine the rate of return to additional years of education (how much education should individuals undertake?), access to higher education, financial aid systems, and options to offset the rising cost of higher education.
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3.00 Credits
This class will survey the field of public economics, showing students how economic research can address many of the most important questions and controversies facing policy makers today. Some of the issues the class will discuss are contraception, taxation, Medicare, Social Security, welfare programs, and education. The course will familiarize students with current policy programs and policy debates, introduce students to cutting-edge research methods used to study these programs, and show students what economists know and do not know about improving public policy.
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3.00 Credits
The course is designed to illustrate how economists analyze topics related to the production of health and the delivery of health care in the United States. Topics covered include the social and economic determinants of health, the economic control of unhealthy behavior, economic consequences of the AIDS epidemic, using economics ot explain the rise of obesity, economic models of insurance, the problems of moral haszard and adverse selection, the economic impact of employer-provided health insurance. Medicare and Medicaid, the problem of the unisured, medical technology and the pharmaceutical industry, the malpractice system, and the rise of managed care. Readings for the class will come from a required textbook and academic readings downloadable from the class web page. Class assignments will include probelm sets, exams and short policy memos.
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