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  • 73 305: Upper Level Economics Elective Transfer Credit

    9.00 - 12.00 Credits
    Carnegie Mellon University

    No course description available.
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  • 73 310: Evolution of Economic Ideas and Analysis

    9.00 Credits
    Carnegie Mellon University

    This course will be organized around the study of several central topics in the development of economics such as: the "invisible hand;" classical analysis of trade, value, and income distribution; the marginalist revolution; general equilibrium theory; classical monetary economics; Keynesian macroeconomics; and recent trends in theory and empirical analysis. Where possible, examination of the contemporary policy issues motivating major analytical developments will be included. (Lecture, 3 hours). Minimum grade standard of "C" applies only to economics courses.
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  • 73 328: Health Economics

    12.00 Credits
    Carnegie Mellon University

    This course will teach the student to use economic analysis to understand critical issues in health care and and health policy. We will address issues such as the following: 1. What factors best explain the level and rate of growth of U.S. health expenditures? 2. Does the recent high rate of growth of U.S. health care expenditures make U.S. firms less competitive in international markets? 3. What are some of the likely consequences (intended and unintended) of the proposed reforms to Medicare? 4. Can physicians induce demand for their services? 5. What are the impacts of managed care on the health care system? 6. Do strong affiliations between physicians and health plans hurt competition? Learning Objectives: The student who successfully completes this course will be able to: 1. Identify the flow of resources in the U.S. health care system, how purchasers pay for their services, and how providers obtain their revenues. 2. Understand the value of health and health care. 3. Evaluate how health care resources should be allocated. 4. Describe the structure of the health insurance industry, explain the incentives facing insurers, understand the strategies they use to compete and their impacts on social welfare. 5. Understand the demand for medical care, and what role providers play in shaping this demand. 6. Explain the economics of managed care and describe how competition works in health care. Class will consist of lectures and group presentations. Evaluation will include homework problems, group projects, and exams. This course will interest any individual planning a career in health or related industries. It will also be of interest to students who wish to understand how economics is applied to some of our most prominent and contentious policy issues. No prior knowledge of health care is supposed. (Lecture, 4.5 hours). Minimum grade standard of "C" applies only to economics courses.
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  • 73 331: Political Economy of Inequality and Redistribution

    9.00 Credits
    Carnegie Mellon University

    Societies use welfare policies, social insurance, public employment, private charity, and of course, private labor markets to distribute the economic resources that they produce. The mixture of these programs varies tremendously across countries and over time. We will investigate the causes and consequences of the rich variety of strategies that have been used in industrialized democracies to address the problems of economic inequality and poverty. We will also investigate important economic challenges and debates in these countries. For example, we will study recent welfare reforms and tax cuts in the United States as well as current debates over the future of social security. We will also study the possible effects of globalization on domestic well-being and social policy. Throughout the course we will ask how political values and institutions might affect the choices made concerning these issues and challenges. (Lecture, 3 hours). Minimum grade standard of "C" applies only to economics courses.
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  • 73 347: Game Theory for Economists

    9.00 Credits
    Carnegie Mellon University

    An introduction to the theory of non-cooperative games with an emphasis on economic applications. After an initial examination of two-person, zero-sum games, the notion of a Nash equilibrium in an n-person, non-cooperative game is considered. Existence of and refinements to the equilibrium concept are discussed in the context of both normal and extensive form games. Economic applications may include various topics, including Cournot and Bertrand oligopoly models, general competitive exchange equilibrium, and free rider problems. (Lecture, 3 hours). Minimum grade standard of "C" applies only to economics courses.
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  • 73 348: Behavioral Economics

    9.00 Credits
    Carnegie Mellon University

    No course description available.
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  • 73 352: Public Economics

    9.00 Credits
    Carnegie Mellon University

    Fall or Spring In this course, students analyze the role of governments in market economies and their impact on the behavior and welfare of citizens. Reasons for government intervention in markets are examined in light of some of the economic challenges faced by modern societies in an increasingly globalized marketplace. Topics include: taxation and expenditure policies, externalities and market failure, social security, public assistance and income redistribution programs. There will also be some coverage of the role of local governments in the economy with respect to such issues as crime, urban development and education. (Lecture, 3 hours). Minimum grade standard of "C" applies only to economics courses.
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  • 73 359: Benefit-Cost Analysis

    9.00 Credits
    Carnegie Mellon University

    The evaluation of public private sector projects. The theory of benefit-cost analysis and related techniques, such as cost-effectiveness analysis. Attention is given to such issues as valuing goods and services that are not normally traded in the marketplace (e.g., the value of an individuals life) and the social rate of discount. Applications are considered in detail. (Lecture, 3 hours). Minimum grade standard of "C" applies only to economics courses.
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  • 73 365: Firms, Market Structures, and Strategy

    9.00 Credits
    Carnegie Mellon University

    This course is concerned with the economic analysis of industrial markets that are not perfectly competitive. The effects of imperfect competition on firms? decisions (pricing, location, advertising, research and development, among others) are reviewed. Implications of these effects in terms of public policy are also discussed from a variety of perspectives. Finally, applications to actual markets are considered. (Lecture, 3 hours). Minimum grade standard of "C" applies only to economics courses.
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  • 73 372: International Money and Finance

    9.00 Credits
    Carnegie Mellon University

    The course concerns itself with the determination of real, monetary, and financial aggregates and the policies that influence them in an international context. Topics include: monetary policy and its effects on employment and inflation, the role of the banking system in the transmission of monetary policy, credit markets, banks as financial intermediaries, and the effect of domestic policies on international trade and financial markets. (Lecture, 3 hours). Minimum grade standard of "C" applies only to economics courses.
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