ECON 235: Money, Banking, and Financial Markets
Considers the roles of commerical banks, private investors, national monetary authorities, and international financial flows in influencing domestic money and financial markets. Basic elements of monetary, banking, and finance theory are reviewed and their implications for interest rate forecasting are considered.

ECON 238: Current Issues in Money and Finance
Focuses on a number of major current issues in monetary and financial policy. Topics include the political and economic forces that stimulate inflationary pressures, the debate over the effects of fiscal deficits and strategies for conducting monetary policy in a world of financial innovations and international interdependence.

ECON 240: The World Economy
Basic elements of international economics for international relations students.

ECON 265: Industrial Organization
Industrial Organization applies microeconomic theory and econometric analysis to study firms and markets. Both theoretical and empirical work is considered, and implications for business strategy and public policy are discussed. Topics include imperfect competition, pricing, advertising, entry and exit, industry evolution, cartel formation, vertical integration, mergers, antitrust, and regulation. Several real world industries are used to focus ideas, provide examples, and test theories.

ECON286: Public Choice
Analysis of the role of government in the economy and problems of collective decision-making. The tools of welfare economics and price theory are joined to analyze issues such as elections and voting, political representation, bureaucracy, and the evolution of states and constitutional choice. Attention will be paid to other non-market institutions such as family and private nonprofit organizations. Prerequisite: intermediate microeconomics.

ECON300: Political Economy and Social Inquiry
This writing-intensive course places economics within the context of the evolution of political economy, and the social sciences more generally. Traditional economics methodology is analyzed and new broader perspectives on economic policy are highlighted, such as the public choice and law and economics approaches, as are the intersections of economics with sociological and psychological approaches.

ECON 302: Macroeconomic Analysis I
Discusses the potential causes of short-run fluctuations in output and employment. It will examine both market-clearing and non-market-clearing explanations and investigate the role of assumptions concerning expectations formation, imperfect competititon, imperfect information, menu costs, contracts, credibility, and the nature of shocks to the economy. Empirical research relating to these theories will be introduced.

ECON 303: Macroeconomic Analysis II
Covers the fundamentals of goods, labor, and money markets from a variety of perspectives, and the impact of macroeconomic policies on inflation, unemployment, interest rates and growth in open and closed economics.

ECON 304: Growth and Development
Analyzes the behavior of a variety of static and dynamic macroeconomic models and considers the implications of such propositions as the Ricardian Equivalence Theorem, the Permanent Income Hypothesis and the Rational Expectations Hypothesis. Requires differential calculus and linear algebra.

ECON 305: Computational Methods

ECON307: Mathematics for the Social Sciences
An introductory/refresher course on the basic mathematical tools necessary for policy modeling and managerial analysis. The main topics will be equations and graphs, logarithms and exponents, and calculus. The emphasis will be on problem solving. Problems will be drawn from public policy, political science, management, and economics.

ECON308: Mathematics for Economists I
An introduction to linear algebra. Vectors, matrices, linear transformations, convex sets, eigenvalue problems, quadratic forms, and relevant advanced calculus techniques. Prerequisite: one year of calculus.

ECON313: Microeconomic Analysis I
Presents the neoclassical theory of welfare economics, demand, cost, the firm, and competitive and monopoly price in product and factor markets under conditions of certainty in a rigorous way. Introduction to positive transaction costs economics. Emphasis is placed on the student's ability not only to understand the materials presented, but to apply them to concrete problems. Prerequisites: ECON 307 should be taken concurrently by all but the mathematically sophisticated.

ECON316: Consumer Theory and General Equilibrium
A modern mathematical treatment of consumer demand, theory of the firm, markets, welfare optimization, and general equilibrium. Prerequisites: ECON313 and ECON 308 or equivalent courses.

ECON317: Game Theory and Asymmetric Information
Noncooperative game theory.

Econ 318: Foundation of Psychology and Economics
This course presents psychological and experimental economics research demonstrating departures from perfect rationality, self-interest, and other classical assumptions of economics and explores ways that these departures can de mathematically modeled and incorporated into mainstream positive and normative economics. The course will focus on the behavioral evidence itself, especially on specific formal assumptions that capture the findings in a way that can be used by economists.
Prereq: ECON 317

Econ 319: Topics in Psychology and Economics
This course will build off of the material presented in ECON318.  It will expand on the psychological and experimental economic research presented there, but will emphasize a range of economic applications and especially empirical and experimental research.
Prereq:  ECON 318

Economics 320: Experimental Economics
This course introduces the subject matter, methods, and results of experimental economics. The course will stress the interaction of theory and experiment, seeking to relate questions in the theory of markets, games, and decisions to issues in experimental design and the analysis and interpretation of results.

ECON324: Managerial Economics and Organization

ECON325: Economics of Strategy

ECON326: Advanced Industrial Organization
The central research question in Industrial Organization is: “How can the behavior and performance of firms and markets be explained and predicted with observable data?” Industrial Organization economists apply microeconomic theory and econometrics to study firms and markets. Both theoretical and empirical work is important, and there are several implications for business strategy and public policy.

ECON327: Applications of Behavioral Game Theory and Finance
This course considers how recent developments at the intersections of economics, finance, psychology and sociology help us understand firm and investor decisions, the evolution of industries and financial markets, contractual choices, and the internal organization of firms.

ECON329: Political Economy of Institutions and Development
The course is an introduction to the newly emerging field of political economy of institutions and development.  Its purpose is to give the student a sense of the frontier of research topics and a good command of the tools in the area.  Topics include:  motivation and some evidence, a review of basic models of politics, understanding the effects of institutions, the mechanics of institutional failure: why governments do not work better and finally, modeling institutions. 

ECON333: Money and Financial Markets

ECON335: Financial Economics and Economic Organization
This course explores the intersections of finance, industrial organization, organization theory, strategy, and the theory of the firm.

ECON337: Empirical Finance
The study of the empirical regularities in financial data, seeking to explore the question of what predicts changes in asset prices. This is not an investments course; the goal is not to instruct on how to make money in financial markets, but to understand how asset prices depend on financial and economic data.

ECON338: Advanced Topics in Money and Finance

ECON342:  Asian Economic Development
The fastest and largest part of world economic growth now occurs in Asia - Japan and Korea are developed
economies, and China and India are very large economies growing at rapid rates.  The course analyzes this amazing transition, discusses the problems along the way, and looks to the future to see if this growth is likely to continue.

ECON350: International Money and Finance

ECON355: International Trade Theory and Policy
Advanced treatment of recent theoretical and empirical research on international trade theory and policy, including public choice analysis of the determinants of trade policies.

ECON357: Open Economy Macroeconomics
The focus is on the theoretical and empirical modeling of the open macro-economy. Modeling strategies are examined in relation to topics of policy interest, including exchange-rate dynamics, macroeconomic adjustments, financial stability, and regional monetary integration. Technical issues associated with empirical implementation of theoretical models are investigated.

ECON358:  Advanced Topics in International Monetary and Financial Economics
Is a continuation of Economics 350. Selected topics are examined in greater depth with a focus on critical analysis and development of research skills. The development of a research proposal is required. Typical topics include political economy aspects of international monetary relations,international capital flows, behavioral finance, currency and financial crises, and applications of optimal currency area analysis to exchange rate issues.

ECON359:  International Finance and Economic Development
Provides a thorough understanding of international financial issues as they relate to developing and emerging economies, distinguishing between poor (low income) countries and emerging (middle income) economies. Topics include: balance of payments theory and policy, exchange rates, financial globalization, private capital flows, foreign aid, alternative ways of financing economic development, the international financial institutions, and external debt. The course can count towards PhD fields in international money and finance, international economics and development, international political economy and the political economy of development.

People are the same whether engaged in private activities or in public, and public choice uses economic theory to characterize public sector decisions.  Public sector actors make public decisions (pass laws and create regulations) in response to political incentives.  A key concept of the course is understanding that a political equilibrium must be reached before one can evaluate or propose changing policies or regulations.

ECON382:  Econometrics I

A first graduate course in econometrics in the theory and application of simple and multiple regression analysis. The course is a guide for how econometrics is applied to testing and evaluating economic theory and policy. Extensive use is made of computers for data handling and estimation. The course also provides the background needed for more advanced theoretical and applied econometrics courses.

ECON383:  Econometrics II

ECON384: Econometrics III
This course focuses on the statistical analysis of time-series data. Topics include testing series for unit roots, Box-Jenkins model selection methodology, ARIMA, ARCH and GARCH models, multiequation VAR models and other forecasting tools.

MGT335: Corporate Financial Management

MGT337: Investments

MGT373: Corporate Financial Policy and Strategy

MGT382: Managerial Economics and Decision Making (Prag)

MGT383: Managerial Economics and Control (Maciariello)

MATH 255: Introduction to Game Theory

MATH 355: Linear Statistical Analysis

MATH 356: Game Theory

MATH 358: Mathematical Finance

SPE301: Behavioral Neuroscience of Decision Making
This course introduces students to behavioral neuroscience in order to inform their research in the social sciences and humanities.  There is no prerequisite.  It begins with lectures on how the brain works and then reviews current research on how decisions are made in the brain, including neuroeconomics, neuropolitics, neuroethics and more.  There are also several field trips where students participate in live experiments measuring brain activity.

SPE315: Game Theory
This course introduces the basic concept of game theory and spatial analysis. It is useful for students who are interested in microeconomics and decision-making. Illustrations from economic and political paradigms will be used, with an emphasis on practical applications.

SPE318:  Cost Benefit Analysis
Cost benefit analyses (CBAs) are a key means of evaluating government projects and programs, both in advance of funding them and as post-audits.  The basic features, rationales, criticisms, and designs are presented, with a focus on actual use and critical consumption of such studies.  Students will critique case study CBAs and will as part of a group, write and present CBAs.

SPE319:  Seminar in Policy Analysis and Public Policy
This course focuses on practical aspects of development policy, with a focus on poverty. Through case studies of countries, policies, and projects, students gain sophistication in analyzing the contexts of developing countries.  Examples include economic policies and also policies in public health, education, public management, and business.  Using the latest international data, the course explores patterns of development outcomes, country settings, and policy choices. 

SPE 323: Financial and Managerial Accounting

SPE 324: Economics of Management and Organization
This course opens up the business organization in order to understand it as an attempt to create cooperation among a group of economic people, from a New Institutional Economic standpoint. Topics include: why is there a hierarchy; the role of politics in hierarchies; incentives and control systems; and the meaning of leadership from an economic perspective.

SPE410: Foundations of Political Economy
This writing-intensive course develops modern political economy within the context of the new institutionalism in economics, politics and sociology. Neoclassical economics and the old institutionalism are shown to merge in this new approach, which introduces the concept of positive transactions costs in human exchange, where institutions emerge endogenously and most imperfectly as mechanisms to deal with human choice problems through markets, polities, and social mores. Students will form teams to apply the new institutional theory to concrete policy issues of current import. Prerequisites: microeconomics principles and basic calculus.

SPE446: Public Finance
This course analyzes the effects of exogenous taxes and public spending on economics behavior. Beyond than, it considers the economic, political, and social forces that alter the choice of public institutions and policy choices within those structures.

SPE 471: Strategic Modeling for Political, Economic, and Business Decisions
The goal of this course is to provide students with an understanding of several decision-making approaches in political science. The course is divided into four substantive sections emphasizing both theory and applications. The first section deals with a general overview of approaches and assumptions underlying positive decision making in political science. The second section focuses on game theory, the third section centers on expected utility theory and finally the final section deals with spatial bargaining models.


ECON390: Department Seminar Series (Staff)

ECON391: Research Workshop in International and Monetary Economics (Willett)

ECON392: Research Workshop in Micro and Public Economics (Borcherding/Denzau)

Tutorials and Research

ECON397: Tutorial Reading (M.A.) 2-4 units

ECON398: Independent Study (M.A.) 2-4 units

ECON399: Master's Research 2-4 units

ECON400M: Continuous Registration (M.A.)

ECON495: Dissertation Research 2-12 units

ECON497: Tutorial Reading (Ph.D.) 2-4 units

ECON498: Independent Study (Ph.D.) 2-4 units

ECON499: Doctoral Study (Ph.D.)


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