Economics

Equivalent to ECON UN1105, the first course for the major in economics. How a market economy determines the relative prices of goods, factors of production, and the allocation of resources; the circumstances under which it does these things efficiently. Why such an economy has fluctuations and how they may be controlled.

Prerequisites: ECON UN1105 The course surveys issues of interest in the American economy, including economic measurement, well-being and income distribution, business cycles and recession, the labor and housing markets, saving and wealth, fiscal policy, banking and finance, and topics in central banking. We study historical issues, institutions, measurement, current performance and recent research.

Prerequisites: STAT UN1201, ECON UN3211 Intermediate Microeconomics and ECON UN3213 Intermediate Macroeconomics. Equivalent to ECON UN3025. Institutional nature and economic function of financial markets. Emphasis on both domestic and international markets (debt, stock, foreign exchange, Eurobond, Eurocurrency, futures, options, and others). Principles of security pricing and portfolio management; the capital asset pricing model and the efficient markets hypothesis.

Prerequisites: STAT UN1201, ECON UN3211 Intermediate Microeconomics and ECON UN3213 Intermediate Macroeconomics. Equivalent to ECON UN3025. Institutional nature and economic function of financial markets. Emphasis on both domestic and international markets (debt, stock, foreign exchange, Eurobond, Eurocurrency, futures, options, and others). Principles of security pricing and portfolio management; the capital asset pricing model and the efficient markets hypothesis.

Prerequisites: MATH UN1101 and ECON UN1105 or the equivalent; one term of calculus. Corequisites: MATH UN1201. This course covers the determination of output, employment, inflation and interest rates. Topics include economic growth, business cycles, monetary and fiscal policy, consumption and savings and national income accounting.

Prerequisites: ECON UN3211 and ECON UN3213 or the equivalent. Introduction to the principles of money and banking. The intermediary institutions of the American economy and their historical developments, current issues in monetary and financial reform.

Prerequisites: ECON UN3211 and ECON UN3213 or the equivalent. Introduction to the principles of money and banking. The intermediary institutions of the American economy and their historical developments, current issues in monetary and financial reform.

Prerequisites: STAT UN1201 Intro to Stats w/Calculus, MATH UN1201 Calculus III, and either intermediate micro or macro (UN3211 or UN3213). Equivalent to ECON UN3412. Modern econometric methods, the general linear statistical model and its extensions, simultaneous equations and the identification problem, time series problems, forecasting methods, extensive practice with the analysis of different types of data.

Prerequisites: ECON UN3211 and ECON UN3213 The study of industrial behavior based on game-theoretic oligopoly models. Topics include pricing models, strategic aspects of business practice, vertical integration, and technological innovation.

The objective of this course is to develop understanding of how political institutions and behavior shape economic outcomes, and vice versa. Starting from the micro level study of political behavior, we will build up to analyze the internal workings of institutions and ultimately macro level economic and political outcomes. During the course we will cover the following topics

• Limits and potential of markets

• Public goods provision

• Voting

• Redistribution

Prerequisites: ECON UN3211 and ECON UN3213. This course examines labor markets through the lens of economics. In broad terms, labor economics is the study of the exchange of labor services for wages—a category that takes in a wide range of topics. Our objective in this course is to lay the foundations for explaining labor market phenomena within an economic framework and subsequently apply this knowledge-structure to a select set of questions. Throughout this process we will discuss empirical research, which will highlight the power (as well as the limitations) of employing economic models to real-world problems. By the end of this course we will have the tools/intuition to adequately formulate and critically contest arguments concerning labor markets.

Prerequisites: ECON UN3211 and ECON UN3213. Equivalent to ECON UN4415. Introduction to the systematic treatment of game theory and its applications in economic analysis.

Prerequisites: ECON UN3211 and ECON UN3213. Types of market failures and rationales for government intervention in the economy. Benefit-cost analysis and the theory of public goods. Positive and normative aspects of taxation. The U.S. tax structure.

Prerequisites: ECON UN3211 and ECON UN3213. Equivalent to ECON UN4500. The theory of international trade, comparative advantage and the factor endowments explanation of trade, analysis of the theory and practice of commercial policy, economic integration. International mobility of capital and labor, the North-South debate.

Prerequisites: ECON UN3211 and ECON UN3213 and ECON UN3412  Selected topics in microeconomics.