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| Course Number | Course Title and Description |
|---|---|
| 8001-8004 | Microeconomic Analysis Theories of consumer demand, producer supply, and market equilibrium; general equilibrium and welfare. Sample topics: externalities, economics of information and uncertainty, and game theory. |
| 8101-8104 | Microeconomic Theory Decision problems faced by the household and firm; theories of choice under conditions of certainty and uncertainty. Partial equilibrium analysis of competition and monopoly. General equilibrium analysis. Welfare economics: economic efficiency of alternative market structures, social welfare functions. Dynamics: stability of markets, capital theory. |
| 8105-8108 | Macroeconomic Theory Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. |
| 8111-8113 | Introduction to Mathematical Economics Use of mathematical models in economic theory. |
| 8117-8118 | Noncooperative Game Theory Solution concepts for noncooperative games in normal form, including Nash and perfect equilibrium and stable sets of equilibria. Extensive form games of perfect and incomplete information, sequential equilibrium, and consequences of stability for extensive form. Applications including bargaining and auctions. |
| 8119 | Cooperative Game Theory Basics of cooperative game theory, emphasizing concepts used in economics. Games with and without transferable utility; the core, the value, and other solution concepts. Recent results, including potentials, reduced games, consistency, and noncooperative implementation of cooperative solution concepts. |
| 8124-8125 | History of Economic Thought Selected topics, emphasizing development of theoretical topics. |
| 8181-8182 | Advanced Topics in Microeconomics Faculty and student presentations based on recent literature. |
| 8185-8186 | Advanced Topics in Macroeconomics Faculty and student presentations based on recent literature. |
| 8191-8192 | Workshop in Mathematical Economics |
| 8201-8204 | Econometric Analysis Basic linear regression model, its variants. Panel data, censored/truncated regression, discrete choice models. Time series, simultaneous equation models. |
| 8205-8208 | Applied Econometrics Application in research, including classical and Bayesian approaches; formulation, comparison, and use of models and hypotheses; inference and prediction in structural models; simulation methods. |
| 8211-8213 | Econometrics Linear regression; general linear hypotheses; Gauss Markov Theorem, generalized least squares and their applications. Decision-theoretic choice among estimators. Simultaneous equations models; identification and estimation. Asymptotic distribution theory. Applications, including multivariate time series models and/or limited dependent variables models. |
| 8281-8282 | Advanced Topics in Econometrics Faculty and student presentations based on recent literature. |
| 8291-8292 | Workshop in Econometrics |
| 8311-8313 | Economic Growth and Development Methods of analyzing dynamical systems; applying methods to new models of growth and development; deriving and evaluating models' quantitative implications in light of growth and development in a number of countries. |
| 8381-8382 | Advanced Topics in Growth and Development Faculty and student presentations based on recent literature. |
| 8391-8392 | Workshop in Growth and Development |
| 8401 | International Trade and Payments Theory Impact of trade on factor rentals. Stolper-Samuelson, Rybczynski, and factor price equalization theorems. Heckscher-Ohlin theorem. Derivation of offer curves and general international equilibrium. Transfer problem. |
| 8402 | International Trade and Payments Theory Tariffs, quotas, and other barriers to trade; gains from trade; trading blocs; increasing returns; growth. |
| 8403 | International Trade and Payments Theory International business cycles; exchange rates; capital movements; international liquidity. |
| 8481-8482 | Advanced Topics in International Trade Faculty and student presentations based on recent literature. |
| 8491-8492 | Workshop in Trade and Development |
| 8501-8502 | Wages and Employment Economic analysis of labor markets and their operation under conditions of both individual and collective bargaining. Implications of labor market operations for resource allocation, wage and price stability, income and employment growth. Wage structures and wage levels. Wage and employment theories and practices. Economic impacts of unions. |
| 8581-8582 | Advanced Topics in Labor Economics Faculty and student presentations based on recent literature. |
| 8601-8603 | Industrial Organization and Government
Regulation Behavior of businesses and industries: productivity, firm size distributions, exit-entry dynamics, etc. Theories of the firm, industry structure and performance, invention and innovation, and technology adoption. Positive and normative theories of regulation. |
| 8681-8682 | Advanced Topics in Industrial Organization Faculty and student presentations based on recent literature. |
| 8691-8692 | Workshop in Applied Microeconomics |
| 8701-8703 | Monetary Economics Economic role of principal financial institutions. Determinants of value of money. Principal problems of monetary policy. |
| 8704-8706 | Financial Economics Role of financial institutions in efficient allocation of risk; multiperiod and continuous-time securities markets; theory of firm under uncertainty; financial intermediation; derivation of empirical asset-pricing relationships; tests concerning alternative market structures. |
| 8781-8782 | Advanced Topics in Monetary Economics Faculty and student presentations based on recent literature. |
| 8791-8792 | Workshop in Macroeconomics |
| 8801-8803 | Public Economics Theories of public choice and role of government in economy. Economic effects of taxes, public debt, and public expenditure. Current problems in economics of public sector, including political economy. |
| 8881-8882 | Advanced Topics in Public Economics Faculty and student presentations based on recent literature. |
| 8891-8892 | Workshop in Public Economics and Policy |
| 8990 | Individual Graduate Research |