Spring 2013

Behavior of firms and consumers, functions of the price system, competition and monopoly, labor markets, poverty, government regulation, international trade, and the environment.

Unemployment, inflation and output determination and links.Effects of government taxation and spending on growth, investment,saving, consumption, and trade.

Decision making by business firms, consumer preferences and behavior, uncertainty, competition, monopoly, labor and resource markets, efficient resource allocation, externalities, and government policy.

The determinants of aggregate income, employment, and inflation;economic fluctuations; fiscal and monetary policy; financialmarkets; the national debt.

Introduction to statistical methods appropriate for analyzing economic data: probability theory, random variables and probability distributions, sampling, estimation, statistical inference.

A comprehensive investigation of problems stemming from changing composition of the workforce, urban decline, new technologies, inequalities, ethnic relations, government deficits. Prospects for continued growth.

International cooperation and conflict in the world economy. Global economic problems of growth and development, trade and finance, migration, economic stability, and the environment.

Development and business applications of: theory of the firm; theory of the consumer; inter-temporaldecisions; decisions under risk; market failures; industrial and enterprise structure. Not for major credit for: Economics, Economics/Mathematics, Social Sciences (Economics).

Theoretical development and significance to business and markets of economic growth; inflation;unemployment; monetary and fiscal policy; business cycles; savings and investment; exchange rates.Recommended preparation: introductory economics course, high school math, and algebra. Not for major credit for: Economics, Economics/Mathematics, Social Sciences (Economics).

The money, bond, stock, and other financial markets; portfolio choice; determinants of asset prices and interest rates; inflation; interactions between financial markets and government policies.

Selected policy dilemmas, including welfare reform, urban renewal, government budget deficits, regulation and deregulation, environmental problems, immigration, and global development. Lectures by leading authorities and weekly discussion sessions.

Application of statistical methods to economic data: estimating economic relationships using regression analysis, testing hypotheses involving economic behavior, forecasting economic variables.

Common law and property; rationing of justice; resource allocation between prevention and enforcement; division of decision making between public and private sectors.

Determinants and economic consequences of international trade patterns; effects of trade restrictions and trading blocs; trade negotiations and arrangements.

Consequences of trade deficits; theories of capital and currency markets, exchange rate regimes, and international monetary coordination.

A human capital interpretation of labor demand and supply; wage determination, differentials, and discrimination; job turnover and occupational mobility; unions and collective bargaining.

Health as an investment in human capital; analysis of the demand for and supply of health services and manpower; health insurance; cost-effectiveness analysis; market structures and the pricing of medical services.

Pricing and resource allocation in imperfectly competitive markets; monopoly regulation, collusion, cartels, mergers and antitrust; patents and development incentives; industry case studies.

Supervised individual research. Not available for graduate credit. Requires departmental approval.

Individual research supervised by a faculty advisor. Successful completion required for departmental honors degree.

Theories of aggregate economic activity; design and use of macroeconometric models; stabilization and control of inflation, unemployment, and growth.

Review of statistical methods of estimation and inference, linear regression with multicollinearity and serial correlation; multivariate regression and simultaneous equations.

Application of econometric tools using standard econometric software packages for microcomputers; empirical applications to selected economic problems of estimation and inference.

Historical trends in developed and developing societies in various aspects of modernization such as human resources, capital, technology, resource allocation, income distribution, international relations.

Efficiency, market failure, government regulation, some basics for antitrust economics, competition policy analysis and collusion and agreements among competitors.

Research leading to the master's degree. Maximum units which may be applied to the degree to be determined by the department. Graded CR/NC.

Practical principles for the long-term development of effective teaching within college disciplines. Intended for teaching assistants in Dornsife College.

Credit on acceptance of Thesis. Graded CR/NC.

Credit on acceptance of Thesis. Graded CR/NC.

Credit on acceptance of Thesis. Graded CR/NC.

Selected topics in economics as developed by the instructor.

General equilibrium theory; existence, uniqueness, and stability; welfare economics; social choice; dynamic models and uncertainty; special topics.

Macroeconomic theory based on the concepts of optimal growth and intertemporal equilibrium; overlapping generations models; recent developments in macroeconomic theory.

Simultaneous equation models, dynamic structural econometric models, vector autoregressions, causality, forecasting, univariate and multivariate nonstationary time series, tests for unit roots, cointegration, autoregressive conditional heteroscedasticity models, time series models with changes in regime.

Laboratory methods for testing economic theory; experimental comparison of alternative market and non-market institutions; identification of behavioral responses to alternative regulations.

Theory and empirics of the sources of and barriers to economic development and the micro underpinnings of macroeconomic dynamics of growth, inequality, and productivity.

Surveys theoretical and empirical developments in growth macroeconomics. To equip students to undertake frontier research and policy work to reduce global income inequality. Graduate standing.

Financial market equilibrium and partial equilibrium asset pricing in discrete and continuous time; properties of equilibria with and without complete markets: theory of option prices: Black-Scholes pricing formula; term structure of interest rates; hedging strategies and managing market risk using options, futures and swaps; hedging exhange-rates risks.

Empirical treatment of advanced topics in international finance including the determination of real and nominal exchange rates; stabilization policies in developing currencies and currency crisis models. Econometric methods in analyzing foreign exchange data and in forecasting. Recommended preparation: ECON 625, ECON 651

Current research in economic theory presented by faculty, students, and outside scholars. Graded CR/NC.

Current research in econometrics presented by faculty, students, and outside scholars. Graded CR/NC.

Current research in international, regional, and urban development economics presented by faculty, students, and outside scholars. Graded CR/NC.

Topics in dynamic economics involving business fluctuations, economic growth and development, microeconomic adjustments and market mechanisms; related quantitative and qualitative methods; empirical research involving economic change. Graded CR/NC.

Research leading to the doctorate. Maximum units which may be applied to the degree to be determined by the department. Graded CR/NC.

Credit on acceptance of Dissertation. Graded CR/NC.

Credit on acceptance of Dissertation. Graded CR/NC.

Credit on acceptance of Dissertation. Graded CR/NC.

Credit on acceptance of Dissertation. Graded CR/NC.

Credit on acceptance of Dissertation. Graded CR/NC.