ECON G6211x-G6212y. Microeconomic Analysis, I and II. 4 pts. Prerequisites: permission of Director of Graduate Studies required

Corequisite: ECON G6410. Consumer and producer behavior; general competitive equilibrium, welfare and efficiency, behavior under uncertainty, intertemporal allocation and capital theory, imperfect competition, elements of game theory, problems of information, economies with price rigidities.

ECON G6215x-G6216y. Macroeconomic Analysis. 4 pts. Prerequisites: permission of Director of Graduate Studies required.

Concept of full employment. Models of underemployment and theory applicability, determinants of consumption and of investment, multiplier and accelerator analysis, an introduction to monetary macroeconomics, the supply side and inflation. Integration of macroeconomics with microeconomic and monetary analysis.

ECON G6410x. Mathematical Methods for Economists. 4 pts. Prerequisites: Primarily for graduate students in the Department of Economics and Business Finance; open to others after successful performance on a Math Placement Exam. Prerequisite: multi-variable differential calculus, linear algebra and basic real analysis.

Introduction to the mathematical techniques needed for the study of economics and econometric methods. Topics include the vector spaces, Hilbert spaces, Banach spaces, linear transformations; optimization theory, and linear differential and difference equations.

ECON G6411x-G6412y. Introduction To Econometrics, I and II. 4 pts. Prerequisites: permission of Director of Graduate Studies required. Corequisites: Corequisite: ECON G6410 or Permission of the Director of Graduate Studies.

G6411: introduction to probability theory and statistical inference. G6412: introduction to the general linear model and its use in econometrics, including the consequences of departures from the standard assumptions.

ECON G6226y. Topics in Applied Macro & Finance. 3 pts. Prerequisites: Prerequisites: ECON G6216 and G6412, or instructor's permission.

This course covers a variety of topics in macroeconomics with an emphasis on empirical work and empirical methods. The topics include the Great Moderation, microeconomic evidence on the behavior of prices and investment and its macroeconomic implications, labor flows and models of unemployment, exchange rate pass-through, and panel data evidence on the long-run behavior of consumption and output. We discuss empirical methods relevant for macroeconomics including time series and panel data analysis, as well as Bayesian empirical methods, and provide an introduction to some relevant data sources. Students will be asked to give 20 minute class presentations on recent papers and to write a term paper.

ECON G6254x. Industrial Organization II. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G6211 & ECON G6212

G6254 Detailed coverage of particular empirical methods and experience of reading and evaluating empirical papers. Estimating equilibria in homogeneous and heterogeneous product markets. Details and applications of demand estimation. Production and cost functions. Empirical models of price discrimination and of vertical contracting and integration.

ECON G6270x. Economics of Gender. 3 pts. Prerequisites: Permission of the instructor.

This course will deal with how standard economic tools can be successfully applied to understand the role of gender in shaping behavior and outcomes, as well as the determinants of gender roles, and gender based discrimination in the household, the labor market and society as a whole.

ECON G6301. Economic Growth and Development, I. 3 pts. Not offered in 2009-2010. Prerequisites: Prerequisite: ECON G6211

Empirical findings on economic development, theoretical development models; problems of efficient resource allocation in a growing economy; balanced and unbalanced growth in closed and open economic systems; the role of capital accumulation and innovation in economic growth.

ECON G6303y. Economic Growth and Development, II. 3 pts.

This course examines the micro-economic development literature, with an emphasis on empirical applications. Topics include: nutrition, fertility, gender bias, health, credit and insurance, and institutions.

ECON G6305. Science, Technology and Economic Growth. 3 pts. Not offered in 2009-2010. Prerequisites: Intermediate micro and macroeconomics

Survey of research by economists and other social scientists on technological advance. The role of technological advance in economic analysis of economic growth, industrial organization, and science and technology policy will be examined in detail.

ECON G6306x. Industrial Development. 3 pts. Prerequisites:ECON G6211, ECON G6212 or Permission of the instructor

Survey of recent work on the microeconomics of the industrial sector in developing countries, with a primarily empirical focus. Topics include: credit constraints, industrial organization and market structure, learning and technology adoption, dualism in labor markets, varieties of labor contracts, returns to skill, the informal sector, trade and foreign direct investment, and the political economy of industrial policy.

ECON G6452y. Economics of Labor II. 3 pts.

ECON G6452y. Labor Economics II. 3 pts. Prerequisites: Completion of 1st year graduate program in Economics, or permission of the instructor, plus passing mark on the math qualifying exam.

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ECON G6452y. Labor Economics II. 3 pts. Prerequisites: Completion of 1st year graduate program in economics, or permission of the instructor, plus passing mark on the math qualifying exam.

G6452: Work on human capital, economics of education and other topics in labor economics emphasizing empirical tools.

ECON G6452y. Labor Economics II. 3 pts. Prerequisites: Completion of 1st year graduate program in economics, or permission of the instructor, plus passing mark on the math qualifying exam.

G6452: Work on human capital, economics of education and other topics in labor economics emphasizing empirical tools.

ECON G6417x. Microeconometrics. 3 pts. Prerequisites:G6411 and G6412 and permission of the Director of Graduate Studies.

Introduction to applied econometrics, the fundamentals of identifying the testable implications of an economic model and subjecting those implications to econometric tests through the use of the appropriate data and methodology.

ECON G6423. Applied Econometrics. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G6411-G6412 or instructor's permission.

Emphasis on the practical applications of econometric theory as developed in other courses. Specific problems in the specification, estimation, and testing of various microeconomic theories of demand, production, and labor as well as the macroeconomic relations of monetary, inflation, and unemployment theory. The formulation and use of econometric models. Emphasis on preliminary data analysis, reliability of data, and discrimination between competing models on the basis of empirical tests.

ECON G6425-G6426. Econometric Theory, I and II. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G6411 and ECON G6412

G6425: the theory of estimation for simultaneous equations systems; two-stage least squares, three-stage least squares, indirect least squares, instrumental variable techniques, and other distribution free methods. G6426: the identification problem; the Cowles Commission construction -structure and model; identifiability in the context of linear simultaneous equations models; extensions to nonlinear models; nonparametric identification; identifiability in semiparametric models - GMM identification; nonstandard models - set identification.

ECON G6427. Topics In Econometrics I. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G6411 and G6412 and instructor's permission.

Topics vary from year to year. Previous years' topics have included: Asymptotic theory of extremum estimators; Nonparametric econometric methods; Semiparametric modelling and estimation; Partial identification; Nonseparable models; limited dependent variables;

ECON G6428y. Topics In Econometrics, II. 3 pts. Prerequisites:G6411 and G6412 and permission of the instructor

Topics include Bayesian estimation, dynamic panel models, the bootstrap, simulation estimatiion of structural models, identification and partial identification problems.

ECON G6429x. Empirical Methods in Macroeconomics. 3 pts. Prerequisites:G6411 and G6412

Methods of modern econometrics designed specifically for macroeconomic analysis. Topics include basic ARMA models, spectral analysis, structural breaks and parameter instability, estimation and inference using vector autoregressions, unit root and cointegration, Kalman filter, weak instruments, MCMC, factor models, and estimation of DSGE models.

ECON G8310xy. Colloquium in Econometrics. 3 pts. Prerequisites: Econometrics G6411 and G6412, Open only to PhD candidates in Economics

Students will make presentations of original research.

ECON G6235. History of Economic Thought. 3 pts. Not offered in 2009-2010.

An examination of the foundations of economic analysis, with particular attention to the neoclassical tradition. Perspectives on the history of economic thought.

ECON G6251. Topics In Industrial Organization. 3 pts. Not offered in 2009-2010.

Prerequisite: instructor's permission. Recent developments in the theory of organization and structure of markets. Recent contributions to oligopoly theory of homogeneous and differentiated products. The theory of contestable markets.

ECON G6253x. Industrial Organization I. 3 pts. Prerequisites:ECON G6211 and ECON G6212

G6253 This course provides an overview of topics in industrial organization (IO) economics. Its goals are to survey the main outlines of modern IO, to develop key theoretical ideas, to demonstrate important techniques, to link theory to empirical work, and to relate theoretical and empirical results to policy issues. Empirical two-period models. Empirical single-agent and multiple-agent dynamic models.

ECON G8440xy. Colloquium in Industrial Organization. 3 pts. Prerequisites: Open only to PhD students in Economics, or permission from the instructors.

Students will make presentations of original research.

ECON G6809. International Finance. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G6211, ECON G6212, ECON G6215, ECON G6216

This course examines international real and monetary business cycle models to explain economic fluctuations of main macroeconomic variables within and across countries.

ECON G6901. Strategic Issues In Trade and Financial Policy. 3 pts. Not offered in 2009-2010.

The objective of this course is to build a game-theoretic framework for thinking about trade and financial policies. Composed of three parts. In the first, a basic introduction to game theory is given; in the second, strategic trade policy is analyzed; and in the last, some issues in financial policies, such as debt and capital controls are considered.

ECON G6902y (Section 01). The Theory of Trade Agreements. 3 pts. Not offered in 2009-2010. Prerequisites:G6211 and G6212 or Instructor's Permission

The theory of trade agreements: terms of trade and political economy theories. The interpretation and design of trade agreements: reciprocal liberalization; non-discriminatory (MFN) tariffs; enforcement; preferential trading agreements; labor and the enviornment; competition policy; expert subsidies and anti-dumping policies.

ECON G6903x. Theory of International Trade. 3 pts. Prerequisites:ECON G6211 and G4213, or instructor's permission

The theory of comparative advantage, the gains form trade, trade and income distribution, international factor mobility, growth and trade.

ECON G6904y. International Money and Finance. 3 pts. Prerequisites: Instructor's permission

This is a course that covers the most important empirical and theoretical new research as well as the essential papers in the field of international finance and macroeconomics. Topics include but are not limited to: optimal monetary policy in the open economy, theory and empirics of exchange rate determination with inflation targeting central banks, intertemporal approach to current account/financial adjustment, No - Arbitrage models of risk premia in the foreign exchange market, and models of international financial crises/lending booms. .

ECON G6905y. Topics In Trade. 3 pts. Prerequisites:ECON G6211 and ECON G6212 or Instructor's permission.

This course covers topics at the frontier of international trade research, placing an emphasis on theory. Previous topics include: trade patterns, offshoring, inequality, unemployment, trade and matching, firm organization, and trade policy.

ECON G6906. Topics In International Monetary Economics. 3 pts. Not offered in 2009-2010.

Prerequisite: ECON G4213, G6211, and G6904. Selected advanced topics in the macroeconomics of open economics.

ECON G6907. Theory of Commercial Policy. 3 pts. Not offered in 2009-2010. Prerequisites: Instructor's permission.

Prerequisite: ECON G6211, or instructor's permission. The welfare economics of international trade and investment; analysis and evaluation of the effects of tariffs and quotas on production, consumption, and trade under competitive and monopolistic conditions; retaliation and trade warfare; the theory of optimal intervention in the presence of distortions of the price system; the brain drain and taxation; optimal trade and tax policy in the context of international factor mobility.

ECON G6908y. Global Economic Policy. 3 pts.

Concepts of gross world product and gross trade product. Global monetary aggregates-the international capital markets: past, present, and future trends. Theory of dominant currencies and currency areas. The international general equilibrium system. Impediments to global efficiency. International macroeconomic and development policies. Economic and political control of resources and transport. International pollution. World inflation and depression. Control of international business cycle. Global banking complexes. Stability of the Eurodollar market. Evaluation of 20th-century economic experience in the historical perspective of the world economic system. Challenges of the 1970s and prospects for the 1980s

ECON G6910. Topics In Economic Geography. 3 pts. Not offered in 2009-2010.

Recent trends in economic geography. The major ideas of economic geography and how they can be empirically implemented and tested. Emphasis on locational theories arising from models based on comparative advantage and increasing returns.

ECON G6920. Global Markets and Public Goods. 3 pts. Not offered in 2009-2010. Prerequisites: Microeconomics and Macroeconomics,W1105, W3211 and W3213, and basic calculus and algebra such as V1101 or V1102, V1201 or y, and Calculus 111A. Globalization has led to a rapid growth of global markets and free-trade zones; it includes North-South trade of resources, and the emergence of public goods such as the global environment and knowledge. The course explores (1) global markets trading public goods that are privately produced, such as the rights to emit greenhouse gases, (2) new property rights regimes for knowledge, and (3) the revamping of the Bretton Woods Institutions, such as a Knowledge Bank and an International Bank for Environmental Settelements.

ECON G6451x-G6452y. Economics of Labor I & II. 3 pts. Prerequisites: Completion of 1st year graduate program in Economics, or permission of the instructor plus passage of the math qualifying exam

G6451: Introduction to labor economics, theory and practice. G6452: Work on human capital, economics of education and other topics in labor economics emphasizing empirical tools.

ECON G6456. Topics In Labor Economics. 3 pts. Not offered in 2009-2010.

Prerequisite: ECON G6451-G6452. Focus on selected subjects of analytical or policy interest in the field of labor. Examples: newly evolving theoretical models of labor market and demographic behavior; effects of specific labor market policies; use of econometric techniques which frequently arise in labor economics.

ECON G6214 (Section 01). Frontiers of Macroeconomics. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G6215, ECON G6216

This course will consist of a series of seminar presentations by eight guest macroeconomists at the forefront of the field. Students will be introduced to current trends and new work in macroeconomics and will participate in discussions.

ECON G6217. Topics In Macroeconomic Dynamics. 3 pts. Not offered in 2009-2010. Prerequisites: Core micro and macroeconomic theory courses, mathematics for economists, or instructor's permission

This course will survey several topics in macroeconomics with heterogenous goods and agents. Questions include: the characterization of equilibrium dynamics in the presence of frictions and the allocation of resources in the presence of heterogeity. The presentation will mix classical problems with modern applications with the goal of preparing students for their own research. Topics include: models of search and matching (with applications to labor markets); macroeconomic dynamics in the presence of frictions (with applications to pricing and investment); the allocation problem (with applications to consumer durables, location theory, and international trade).

ECON G6220. Advanced Macroeconomic Analysis, I. 3 pts. Not offered in 2009-2010. Prerequisites:G6216 and G6412 or instructor's permission

Starting from the benchmark of rational expectations, where agents at all dates know the full state of the economy and know the structure that generated this state, the course presents several alternative models of imperfect information and expectations, and explores their implications for macroeconomic dynamics. These include: (i) models where agents know the structure but only exogenously observe part of the state (signal extraction and global games), (ii) models where agents do not know the structure but can learn about it (Bayesian learning), (iii) models where agents do not know the structure and use boundedly-rational mechanisms to form expectations (least-squares learning), (iv) models where agents only observe part of the state each date but choose which part (rational inattention), (v) models where agents choose when to observe the state (inattentiveness and sticky information), (vi) models where agents receive incomplete news today about the future state (news shocks). Applications will include consumption, business cycles, inflation, and monetary policy.

ECON G6221x. Macroeconomics and General Equilibrium Theory. 3 pts. Prerequisites:ECON G6212 or the equivalent, and a basic knowledge of calculus and box diagram techniques

Primarily for 2nd year economics Ph. D. students. This course deals with macroeconomic theory from a general equilibrium prospective, with particular emphasis on general equilibrium models with monopolistically competitive markets.

ECON G6222y. Advanced Macroeconomic Analysis, II. 3 pts. Prerequisites: Economics G6216 and G6412, or instructor's permission.

This course deals with business cycle theories and methods for evaluating such theories. The course extends the canonical real business cycle model to analyze models with cyclical variation in markups, models of endogenous fluctuations, and models of news-driven short-run fluctuations. Attention is given to numerical methods to approximate the dynamics implied by stochastic general equilibrium models, with particular emphasis given to perturbation methods. The course will also include an operational introduction to full and limited-information approaches to the estimation of DSGE models.

ECON G6225x. Topics In Economic Analysis, I. 3 pts. Prerequisites:ECON G6216 and G6412, or instructor's permission.

This course covers several topics in macroeconomics and international macroeconomics, focusing on how heterogeneous individuals (or countries) respond to income fluctuations. International topics include the standard international business cycle setup, its calibration and main results; international risk-sharing; trade puzzles; and measurement issues. We will also cover individual decision making models in which individuals respond to income fluctuations under complete and incomplete markets, under full and asymmetric information. We will consider how policy can affect risk-sharing and welfare in these setups. Computational topics that are treated include local versus global solution methods, interpolation methods, continuous time methods, and high performance computing.

ECON G6226y. Applied Macroeconomics and Finance. 3 pts. Prerequisites:ECON G6410, ECON G6411 & G6412, ECON G6215 & G6216, ECON G6211 & G6212 or Permission of the Instructor

This course will cover a variety of topics in macroeconomics with a heavy emphasis on facts and applied work, and some applications to asset pricing. All are areas of ongoing current research. If time permits, we will cover five topics: 1) Evidence and selected theory on the equity premium puzzle, with an emphasis on fat-tails and disasters, 2) Credit and the Great Depression, 3) Macroeconomic trends with applications to asset pricing, 4) Theory and evidence on reallocation of capital, jobs and workers and 5) Lumpy adjustment of prices, investment and inventories. At the moment it seems not to be listed in the GSAS bulletin.

ECON G6419. Complexity and Indeterminacy In Economic Models. 3 pts. Not offered in 2009-2010.

Introduction to recent developments in mathematical economic modeling that involve dynamic instability, indeterminacy and complexity.

ECON G6712. Monetary Theory and Policy. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G6211,G6212, or G6215-G6216.

The course emphasizes the use of dynamic equilibrium models in monetary policy analysis, with particular emphasis on analyses of optimal policy from the point of view of individual welfare. Topics treated in detail include the role of policy commitment, welfare evaluation of policy rules, inflation targeting, and integrated analysis of monetary and fiscal policy. The second half of the course will be largely devoted to monetary policy issues for open and developing economies. It begins with basic models of business cycles and current account determination in open economies. These building blocks are then used to analyze theories of high-inflation stabilization, balance-of-payments crises, and sovereign debt default.

ECON G6909. Empirical Topics In International Economics. 3 pts. Not offered in 2009-2010.

On the real side of international economics, topics include the testing of various trade theories, estimation of import demands, measurement of the gains from trade, effective rates of protection and development planning, and the determinants of tariffs. The monetary side is an empirical study of the determinants of capital flows and exchange rates: relative prices and trade flows, exchange rates and macroeconomic stability, and efficiency in the foreign exchange market.

ECON G8315xy. Economic Fluctuations Colloquium. 3 pts. Prerequisites:G6215 and G6216 Open only to Economics Ph.D. students.

Open-economy macroeconomics, computational methods for dynamic equilibrium analysis, and sources of business cycles.

ECON G8718xy. Colloquium In Monetary Economics. 3 pts. Prerequisites:G6215 and G6216 Open only to Economics Ph.D. students.

The topic of the colloquium is to be understood broadly, including in particular international monetary economics, stabilization policies, and the role of expectations in economic dynamics

ECON G6218x. Dynamic Games & Economics of Climate Change. 3 pts. Not offered in 2009-2010. Prerequisites:G6211 and G6212 or permission of the instructor

Main areas covered include pure and applied game theory, asymmetric information, communication, and learning.

ECON G6219y. Advanced Microeconomic Analysis, II. 3 pts. Prerequisites: Instructor's permission

Dynamic economics with an application to global warming. The first half of the class will study the theory of dynamic games while the second half will apply that theory to the burgeoning field of climate change analyses. Topics in the second half will include the tragedy of the common, effects of asymmetric costs, treaty formation, and role of foreign aid.

ECON G6232. Analyzing and Modeling Group Decisions. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G6211, ECON G6212, ECON G6411, ECON G6412

The course will be devoted to formal models of group formation (matching, ...) and decision making. A particular emphasis will be put on the testable implications of the various models.

ECON G6413. Advanced Mathematical Methods for Economists. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G4213 and G6212, and differential calculus, or instructor's permission.

A thorough treatment of some mathematical techniques that are widely used in modern economic theory. Point-set topology, elementary real analysis, fixed-point theory, maximum theorems, linear spaces.

ECON G6414x. Topics In Mathematical Economics. 3 pts.

In this course we plan to cover topics in current research. We concentrate on general equilibrium and asymmetric information.

In general equilibrium we cover mainly the following topics: Infinite Goods; Incomplete Markets, bankruptcy, default, collateral, insecurity claims, bubbles, knightian uncertainty. In asymmetric information we cover models without a single-crossing property and applications.

ECON G6415. General Equilibrium Foundations of Finance and Money. 3 pts. Not offered in 2009-2010. Prerequisites:G6211 and G6212

This course examines the foundations of money and finance from the perspective of general equilibrium with incomplete markets. The relevant mathematical tools from elementary stochastic processes to differential topology are developed in the course.

ECON G6416y. Game Theory With Economic Applications. 3 pts. Prerequisites:G6211 and G6212

This is a graduate level game theory course designed for Ph.D.students in economics, finance and related fields. The goal of the course is two-fold: to endow the students with the vocabulary, concepts and tools necessary to conduct research in wide range of applications, and to provide the students with a foundation for further research on game theory.

ECON G6418. Economic Applications of Control Theory. 3 pts. Not offered in 2009-2010.

Methods of calculus of variations and optimal control theory; applications of these methods to such economic problems as international decision making, growth, stabilization, and distribution. Some coverage of differential games.

ECON G6440x. Contracts, Incentives, and Crises. 3 pts. Prerequisites: 1st year Economic PhD sequence or premission of the instructor.

Principles of implementation and mechanism design; emphasis on the theory of incentives, contracts and organization.

ECON G6492y. Political Economy. 3 pts. Prerequisites: Strongly recommended: ECON G6211, ECON G6212

Introduction to recent research in the field of Political Economy. The course will cover formal modeling of political institutions such as elections, legislatures, political parties, political debate and lobbying. Special emphasis will be given to strategic information transmission and its applications in politics.

ECON G6600y. Market Design. 3 pts. Prerequisites:ECON G6211, ECON G6212

Market Design is an emerging field in economics that attempts to devise a practical scheme for allocating scarce resources to individuals who value them. Its applications involve many important real life problems ranging from allocation of government resources such as public land, fishing/mineral rights, radio spectrum licenses, allocation of school choice and transplantable human organs, assignment of workers to jobs, to placement of advertising in Internet search engines. Mechanism design underpins the field as a general methodological framework, which is in turn operationalized by two branches of theories: 1) Auction Theory and 2) Matching Theory. The course will provide a guide through these theories and discusses a few applications along the way.

ECON G8240. Economics and Politics of Industrial Competition. 3 pts. Not offered in 2009-2010.

ECON G8712xy. Colloquium In Microeconomics. 3 pts. Prerequisites:G6211, G6212, G6215, G6216, G6411, G6412

Open only to Economics Ph.D. students. Students will present their research on topics in Microeconomics.

ECON G8713xy. Colloquium in Applied Microeconomic Theory. 3 pts. Prerequisites:G6215, G6216, G6211, G6212, G6411, G6412

Students will make presentation of original research in Microeconomics.

ECON G8714xy. Colloquium in Microeconomic Research Methods. 3 pts. Prerequisites:G6215, G6216, G6211, G6212, G6411, G6412

Students will make presentations of original research in Microeconomics.

ECON G4311. Economic History of the United States. 3 pts. Not offered in 2009-2010.

Economic development of the U.S., with special attention to the forces and factors responsible for economic growth: innovation, capital formation, transportation, banking, international trade and capital movements, immigration, and the labor supply. The interactions of public policy and private decision making.

ECON G4313. Economic History of Europe. 3 pts. Not offered in 2009-2010.

Prerequisite: ECON W3211 or the equivalent. The economic development of Europe from 1700 to the present, with emphasis on those factors responsible for modern economic growth and its pace; technical change, capital formation, labor supply, national and international finance, distribution, international trade, social structure, and the role of public policy.

ECON G6229. The Urban Economy. 3 pts. Not offered in 2009-2010. Prerequisites: Prerequisite: ECON G6211 or instructor's permission.

Location theory, land use, housing discrimination, and transportation, including the effects of government policy.

ECON G6304. The Political Economy of Collective Action. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G6211-G6212.

Exploration of the possibility of explaining national economic policies in terms of interaction of economic interest groups, thus endogenizing the political element of economic systems. Topics include problems of group and coalition formations, the logic of collective action, and the economic input into the political process. Special attention is paid to recent literature on endogenous tariff formation and other restrictive measures.

ECON G6308x. Political Economy: Theory and Empirics. 3 pts. Prerequisites: Instructor's permission.

The course is primarily intended for graduate level students in economics but is open for enrollment by graduate students in political science as well as those with knowledge of econometrics and microeconomics. Explores several current topics in the theory of political economy as well as its historical evolution, drawing on both economic and political science literature. It will focus primarily on economic decision-making, taking into consideration political processes.

ECON G6450. Natural Resource and Environmental Economics. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G6211 or instructor's permission.

Intended for graduate students in economics and covers more advanced material than Economics W4450. The economic theory of nonrenewable natural resources (minerals and energy), renewable natural resources (forestries and fisheries), and pollution management. Tools of dynamic optimization; optimal resource extraction in deterministic and stochastic settings; dynamic welfare analysis, optimality, sustainability and green national income accounting; instrument choice for pollution management (taxes, quotas, tradeable permits); institutional design (given imperfect information and agency problems); and techniques for environmental valuation.

ECON G6465y. Topics in Health Economics. 3 pts.

This course surveys what is possible, interesting, and convincing in health economics research. To this end, the course focuses on the recent empirical literature of health determinants. This literature has benefited from: a) the application of empirical tools pioneered in labor economics, and; b) the quantity and quality of readily-available microdata on health outcomes. While the course's focus is squarely on empirical determinants of health, three theoretical frameworks guide the course: the human capital model of health (Grossman 1972), the theory of capacity formation (Cunha & Heckman 2007), and the potential outcomes framework (Rubin 1974).

ECON G6490. Economics of Transition. 3 pts. Not offered in 2009-2010.

Topics in the new economics field of Transition Economics and the problems raised by the transformation of soviet-type socialist economies into modern market economics.

ECON G6521. The Economics of European Integration. 3 pts. Not offered in 2009-2010.

Theory and institutions of European economic integration stressing contemporary economic policies and problems of the European Communities. Customs union theory; empirical research on the trade and welfare effects of economic integration; theory of optimum currency areas and the mechanisms of the European Monetary System; member-state macroeconomic policy; the Common Agricultural Policy of the EEC; regional, industrial and social policy; external economic relations of the EEC; US-EC trade and monetary tensions.

ECON G6530. Problems of Japanese Economy. 3 pts. Not offered in 2009-2010. Prerequisites:ECON G4325.

Maximum student enrollment: 15-primarily intended for Ph.D. students who want to specialize in Japan. Salient issues of the Japanese economy that have attracted considerable academic attention.

ECON G6805x-G6806y. Public Finance, I and II. 3 pts. Prerequisites:ECON G6211 and G6215.

G6805 covers analysis of taxation, welfare and social insurance programs - their efficiency and redistributive consequences, optimal design, policy issues and empirical evidence. G6806 provides an overview of issues surrounding local public finance and public service provision in the U.S. and developing countries (G6806 is cross listed with Economic Development). The emphasis is on topics related to empirics (e.g. research designs) and education; applied theoretical work appears as well.

ECON G6807 (Section 01). Public Finance III. 3 pts. Not offered in 2009-2010. Prerequisites:G6211, G6212 and G6411, G6412 Limited to Economics graduate students in years two and above.

This course examines economic theory on the optimal provision of public goods, and the role of sub-national jurisdictions in their provision. It includes several empirical applications that concern both the U.S. and developing countries.

ECON G6850. Foundations of Public Economics. 3 pts. Not offered in 2009-2010.

The economics of the public sector from a broader and more fundamental viewpoint than the public finance courses. Designed for economics graduate students, especially those taking public finance as a field, but may be taken by other graduate students with the appropriate background in economics.

ECON G9001xy. Economic Theory. 3 pts. Prerequisites: Limited to upper level PhD candidates in Economics

ECON G9002xy. Money and Macroeconomics. 3 pts. Prerequisites: Limited to upper level PhD candidates in Economics

ECON G9005xy. Labor and Human Resources. 3 pts. Not offered in 2009-2010.

ECON G9007xy. International Economics. 3 pts. Prerequisites: Limited to upper level PhD candidtes in Economics

ECON G9008xy. Development and Environment Workshop.

ECON G9009xy. Econometrics Workshop. Prerequisites: Limited to upper level PhD candidates in Economics

ECON G9016xy. Applied Micro/Econometrics. 3 pts. Prerequisites: Limited to upper level PhD candidates in Economics