Graduate

ECON 200 Microeconomic Analysis

Survey of partial equilibrium analysis, market distortions, consumer choice and production and trade theory, perfect and imperfect competition, price discrimination, and intertemporal choice theory.

Credits

5

Requirements

Enrollment is restricted to applied economics and finance graduate students.

Quarter offered

Fall

ECON 201 Applications in Microeconomics

Applies concepts and tools developed in course 200 to problems encountered in private- and public-sector output and labor markets. The focus is empirical; topics include analysis of labor supply and labor demand and the role of government labor market policies, analysis of pricing policies and regulation, estimation of the returns to schooling, estimation of demand and cost functions, and the role of unions in the economy. Course 200 is strongly recommended as preparation.

Credits

5

Requirements

Enrollment is restricted to applied economics and finance graduate students.

Quarter offered

Spring

ECON 202 Macroeconomic Analysis

Aggregate economic analysis: determinants of aggregate expenditures and output, the roles of monetary and fiscal policy, recent developments in macro theory; macro policy issues.

Credits

5

Requirements

Enrollment is restricted to applied economics and finance graduate students.

Quarter offered

Winter

ECON 204A Advanced Microeconomic Theory I

Economic theory of individual and market behavior, including constrained optimization, duality, theory of the consumer, theory of the producer, dynamic optimization, behavior under uncertainty, intertemporal choice, asymmetric information, game theory, partial and general equilibrium, pure and applied welfare economics, public goods and externalities. Courses 204A, 204B, and 204C must be taken in sequence. (Formerly Advanced Microeconomic Theory.)

Credits

5

Requirements

Enrollment is restricted to Ph.D. students in economics or by permission of the instructor.

Quarter offered

Fall

ECON 204B Advanced Microeconomic Theory II

Economic theory of individual and market behavior, including constrained optimization, duality, theory of the consumer, theory of the producer, dynamic optimization, behavior under uncertainty, intertemporal choice, asymmetric information, game theory, partial and general equilibrium, pure and applied welfare economics, public goods and externalities. Courses must be taken in sequence. (Formerly Advanced Microeconomic Theory.)

Credits

5

Requirements

Prerequisite(s): ECON 204A.

Quarter offered

Winter

ECON 204C Advanced Microeconomic Theory III

Economic theory of individual and market behavior, including constrained optimization, duality, theory of the consumer, theory of the producer, dynamic optimization, behavior under uncertainty, intertemporal choice, asymmetric information, game theory, partial and general equilibrium, pure and applied welfare economics, public goods and externalities. Courses must be taken in sequence. (Formerly Advanced Microeconomic Theory.)

Credits

5

Requirements

Prerequisite(s): ECON 204B.

Quarter offered

Spring

ECON 205A Advanced Macroeconomic Theory I

Modern macroeconomic theory: theories of growth and business cycle fluctuations; theories of household and firm behavior; models of financial markets and labor markets; recent developments in the analysis of macroeconomic policy. Courses 205A, 205B, and 205C must be taken in sequence. (Formerly Advanced Macroeconomic Theory.)

Credits

5

Requirements

Enrollment is restricted to Ph.D. students in economics or by permission of instructor.

Quarter offered

Fall

ECON 205B Advanced Macroeconomic Theory II

Modern macroeconomic theory: theories of growth and business cycle fluctuations; theories of household and firm behavior; models of financial markets and labor markets; recent developments in the analysis of macroeconomic policy. Courses must be taken in sequence. (Formerly Advanced Macroeconomic Theory.)

Credits

5

Requirements

Prerequisite(s): ECON 205A.

Quarter offered

Winter

ECON 205C Advanced Macroeconomic Theory III

Modern macroeconomic theory: theories of growth and business cycle fluctuations; theories of household and firm behavior; models of financial markets and labor markets; recent developments in the analysis of macroeconomic policy. Courses must be taken in sequence. (Formerly Advanced Macroeconomic Theory.)

Credits

5

Requirements

Prerequisite(s): ECON 205B.

Quarter offered

Spring

ECON 210A Mathematical Methods for Economic Analysis

Mathematical methods commonly used in economic analysis are discussed. Covers basic matrix algebra, real analysis, functions, continuity concepts, differentiation, Taylor expansion, implicit function theorem, and optimization. Prerequisite(s): qualifications as determined by instructor; inquire at department office.

Credits

5

ECON 210B Mathematical Methods for Economic Analysis

A course in introductory mathematical economics which covers standard optimization problems, difference and differential equations, optimal control theory, decisions under uncertainty, game theory, and stochastic calculus. Course 210A or equivalent is strongly recommended as preparation.

Credits

5

Quarter offered

Fall

ECON 211A Advanced Econometrics I

Introduces advanced econometric methods. Topics include probability theory, hypothesis testing, linear regression analysis, heteroscedasticity, serial correlation, instrumental variables, and panel data models. (Formerly Advanced Econometrics.)

Credits

5

Requirements

Enrollment is restricted to economics Ph.D. students or by permission of the instructor.

Quarter offered

Fall

ECON 211B Advanced Econometrics II

Focuses on the use of econometric methods for causal inference. Research designs covered include: OLS regression, non-parametric regression, propensity score, panel models, synthetic control, instrumental variables, and regression discontinuity. (Formerly Advanced Econometrics.)

Credits

5

Requirements

Prerequisite(s): ECON 211A. Enrollment is restricted to graduate students.

Quarter offered

Winter

ECON 211C Advanced Econometrics III

Covers foundational time series analysis for economics. Topics include: linear time series models, numerical estimation, forecasting, vector autoregression models, the Kalman filter, unit roots, and cointegration. (Formerly Topics in Empirical Research.)

Credits

5

Requirements

Prerequisite(s): ECON 211B. Enrollment is restricted to graduate students.

Quarter offered

Spring

ECON 212 Empirical Project in Econometrics

Empirical project or paper in econometrics to demonstrate student's ability to conduct applied econometric analysis. Ph.D. requirement to be completed by beginning of student's third year of study. Prerequisite(s): courses 211A and 211B.

Credits

2

Repeatable for credit

Yes

ECON 216 Applied Econometric Analysis I

The use of statistical techniques for the testing of economic hypotheses and the estimation of parameters, with emphasis on regression analysis. Includes methods of dealing with serial correlation, errors in variables, multicollinearity, and heteroscedasticity. Experience with common statistical packages.

Credits

5

Requirements

Enrollment is restricted to applied economics and finance graduate students.

Quarter offered

Fall

ECON 217 Applied Econometric Analysis II

Focuses on the application of advanced econometric and time series techniques to economic issues. Computer assignments and empirical applications are used to discuss and illustrate the practical aspects of simultaneous equation systems, nonlinear models, qualitative response models, time series model specification, unit root test, and cointegration analysis. Course 216 is strongly recommended as preparation.

Credits

5

Requirements

Enrollment is restricted to applied economics and finance graduate students.

Quarter offered

Winter

ECON 220A Development Economics I

Studies the microeconomics of development. Topics may include health and nutrition, education, intra-household economics, formal and informal risk-coping mechanisms, savings, credit, agriculture, institutions, and service delivery, and corruption. (Formerly Development Economics: Theory and Cases.)

Credits

5

Quarter offered

Fall

ECON 220B Development Economics II

Methodological class covering how to build a good theoretical model, how to derive a convincing test of a model, and how to structurally estimate a model. Examples drawn largely (though not exclusively) from the study of economic development. (Formerly Development Economics: Theory and Cases.)

Credits

5

Quarter offered

Winter

ECON 221A Advanced Methods in Macroeconomics I

Covers major issues in monetary economics, focusing on the core theoretical models employed in monetary economics. Topics include: money in general equilibrium; money-in-the-utility function approaches; cash-in-advance models; search-based models; welfare costs of inflation; optimal inflation tax; informational frictions in monetary economies; financial and credit frictions; nominal price and wage frictions; time-dependent and state-dependent models of price adjustment; and money in new Keynesian models. (Formerly Advanced Monetary Economics I.)

Credits

5

Requirements

Prerequisite(s): ECON 205A, ECON 205B, and ECON 205C, or by permission of instructor. Enrollment is restricted to graduate students.

Quarter offered

Fall

ECON 221B Advanced Methods in Macroeconomics II

Covers major issues in empirical macroeconomics, focusing on structural vector auto-regressions (VARs) and solution and estimation of dynamic stochastic general equilibrium (DSGE) models. Topics include: recursive identification; long-run restrictions; sign-restrictions; Bayesian estimation of DSGE models; model comparisons; non-linear solution methods for DSGE models; particle filters and other advanced topics related to empirical macroeconomics. (Formerly Advanced Monetary Economics II.)

Credits

5

Requirements

Prerequisite(s): ECON 205A, ECON 205B, and ECON 205C, or by permission of instructor. Enrollment is restricted to graduate students.

Quarter offered

Winter

ECON 221C Advanced Methods in Macroeconomics

Focuses on the use of disaggregated data on firms, establishments, workers, and households in macroeconomic research. Students learn about commonly used administrative records, survey data, quasi-experiments, etc., and their use to answer questions of interest to macroeconomists.

Credits

5

Instructor

Brenda Samaniego de la Parra

Requirements

Prerequisite(s): ECON 204C, ECON 205C, ECON 211C. Enrollment is restricted to economics graduate students.

Quarter offered

Spring

ECON 231 International Financial Management

Equips students with the analytical tools they need to make informed financial decisions and manage the risks that businesses face in today's competitive global environment. Covers the fundamental theories and real-world examples in international financial markets.

Credits

5

Instructor

Chenyue Hu

Requirements

Prerequisite(s): ECON 233. Enrollment is restricted to graduate students in Applied Economics and Finance.

Quarter offered

Spring

ECON 233 Finance I

Applications of economic analysis in private finance. Topics include risky choice and intertemporal choice theory, asset pricing models, efficient market hypotheses, market institutions, and derivative securities. Course 200 is strongly recommended as preparation.

Credits

5

Requirements

Enrollment is restricted to applied economics and finance graduate students.

Quarter offered

Fall

ECON 234 Financial Institutions and Markets

This course examines the evolving microstructure of financial markets, instruments, and institutions. Topics include the role of banks and other financial intermediaries and the trading practices for domestic and international financial instruments, including equity, debts, futures, and options.

Credits

5

Requirements

Prerequisite(s): ECON 233.

ECON 235 Corporate Finance

Application of modern financial theory to corporate decision making. Topics covered include capital budgeting and the firm's investment decision, capital structure, dividend policies, and the implications of corporate governance for enterprise financial goals.

Credits

5

Requirements

Prerequisite(s): ECON 233.

Quarter offered

Winter

ECON 236 Financial Engineering

This course surveys the financial risks faced by corporation, banks, and other financial institutions that arise from changes in interest rates, foreign exchange rates, commodity prices, and stock prices. It examines the characteristics, payoffs, and pricing of financial derivatives and other instruments for managing risk, including options, forwards, futures, swaps, structured notes, and asset-backed securities. Several cases will be used to illustrate how actual firms solve financial risk management problems.

Credits

5

Requirements

Prerequisite(s): ECON 233. Enrollment is restricted to applied economics and finance graduate students.

Quarter offered

Spring

ECON 238 Market Design: Theory and Pragmatics

Surveys the principles of mechanism design and applies them to a variety of 21st Century markets, e.g., for energy, spectrum, finance, online ads, and predictions. Student teams develop new applications.

Credits

5

Instructor

Daniel Friedman

Requirements

Enrollment is restricted to graduate students.

Quarter offered

Fall

ECON 239 Current Topics in Finance

Topics in finance selected by the instructor.

Credits

5

Requirements

Prerequisite(s): ECON 233.

ECON 240A International Trade I

The theory of international trade and commercial policy. Both traditional analyses and recent developments are covered. Topics include both normative and positive theoretical analyses, as well as empirical testing of theory. (Formerly Advanced International Trade Theory I.)

Credits

5

Requirements

Enrollment is restricted to graduate students. ECON 204A, ECON 204B, and ECON 204C are strongly recommended as preparation.

Quarter offered

Winter

ECON 240B International Trade II

The second quarter of a two-quarter sequence which focuses on advanced research topics in trade and its intersection with applied microeconomics. The course is theoretical and empirical, and designed to acquaint students with recent developments in the field. Research topics include: trade and development; political economy of trade policies; trade and labor markets; trade and environment; theories, determinants, and implications of foreign direct investments; economic geography; and spatial/urban economics. (Formerly Advanced International Trade Theory II.)

Credits

5

Requirements

Prerequisite(s): ECON 240A.

Quarter offered

Spring

ECON 241A Advanced International Finance I

Covers the foundations of international macroeconomics. Topics include international borrowing and lending, the role of international financial markets, exchange rate economics, wealth and income in open economies, and macroeconomic policy interdependence.

Credits

5

Quarter offered

Fall

ECON 241B Advanced International Finance II

Covers major topics in international finance and open economy macroeconomics, focusing on contemporary theoretical and empirical analysis. Topics include: international capital flows, financial crises, exchange rate economics, financial policy intervention, and fiscal and monetary policies in open economies.

Credits

5

Quarter offered

Winter

ECON 241C Advanced International Finance III

Covers contemporary research topics in international macroeconomics and finance, including advances in both theoretical analysis and empirical methods. Specific topics on international macroeconomics, finance, and policy vary. Courses 202 and 203 or 205A-B-C strongly recommended as preparation.

Credits

5

Quarter offered

Spring

ECON 249A International Trade and Development Policy I

Focuses on a range of real-life issues in international trade and development. Topics include North American Free Trade Agreement (NAFTA), the semiconductor industry, the Boeing-Airbus aircraft trade problems, the World Trade Organization (WTO) and developing countries, U.S./Japan trade, trade and the environment, and U.S./China trade.

Credits

5

Requirements

Enrollment is restricted to graduate students.

ECON 249B International Trade and Development Policy II

Emphasizes government policies to promote growth. Topics include the Washington Consensus, the East Asian model, and recent policy changes in East Asia, Latin America, Eastern Europe, and the former Soviet Union.

Credits

5

Requirements

Prerequisite(s): ECON 249A. Enrollment is restricted to graduate students.

ECON 250A Applied Microeconomics I

Theory of the role of public sector expenditures and taxes in market economies. Analyzes efficiency and equity arguments for government intervention. Topics include the role of public debt and deficits in economies, international effects of tax and spending policies, and economic theories of public sector decision making. ECON 204A and ECON 205A are strongly recommended as preparation. Students cannot receive credit for this course and course 150. (Formerly, Public and Applied Economics I.)

Credits

5

Quarter offered

Fall

ECON 250B Applied Microeconomics II

Covers topics in applied microeconomics, including public, labor, education, environmental, and health. Discusses advanced econometric techniques used to establish causal identification. Students read and evaluate current research and develop an independent research agenda. (Formerly Public and Applied Economics II.)

Credits

5

Quarter offered

Winter

ECON 250C Applied Microeconomics III

Covers topics in applied microeconomics, with an emphasis on labor topics not covered in 250A and 250B. Students read and evaluate current research, discuss applications of advanced econometric techniques for causal identification, and develop an independent research agenda.

Credits

5

Instructor

Laura Giuliano

Requirements

Prerequisite(s): ECON 204C and ECON 211C. ECON 250A and ECON 250B are strongly recommended as preparation. Enrollment is restricted to economics Ph.D. students.

Quarter offered

Spring

ECON 259A Cost-Benefit Analysis

Applications of economic analysis in public finance, largely from the revenue side: taxation. The issues considered include the effects of taxation on consumer welfare, consumption, labor, capital, production, growth. Course 200 is strongly recommended as preparation. Students cannot receive credit for this course and course 153.

Credits

5

ECON 259B Public Policy Analysis

Applications of welfare and microeconomic theory and methodology to the public expenditure question: cost-benefit. Effects of the taxes discussed in course 259A and sophisticated tools used in the face of these and other distortions with regard to measurement of benefits, costs, and the discount rate. Course 200 strongly recommended as preparation.

Credits

5

Quarter offered

Winter

ECON 270 Advanced Topics in Applied Microeconomics

Advanced topics and current research in microeconomic theory and applications, including topics on decision theory, game theory, behavioral economics, and general equilibrium analysis.

Credits

5

Quarter offered

Spring

ECON 272 Evolutionary Game Theory

Reviews static equilibrium concepts, games of incomplete information, and the traditional theory of dynamic games in discrete time. Develops recent evolutionary game models, including replicator and best reply dynamics, and applications to economics, computer science, and biology. Prerequisite(s): upper-division math courses in probability theory are strongly recommended. Cannot receive credit for this course and ECON 166B or CSE 166B.

Credits

5

Cross Listed Courses

BIOE 274, CSE 209

Instructor

The Staff

Quarter offered

Winter

ECON 274 Workshop in Macroeconomics and Monetary Economics

For Ph.D. students in economics who are at the early stages of their research careers as well as for those who are engaged in dissertation work in macroeconomics and monetary economics. Topics vary from quarter to quarter depending on the interests of participants.

Credits

3

Requirements

Prerequisite(s): ECON 205A, ECON 205B, and ECON 205C, or by consent of instructor. Enrollment is restricted to graduate students.

Repeatable for credit

Yes

Quarter offered

Fall, Winter, Spring

ECON 275 Workshop in Applied Microeconomics

For Ph.D. students in economics who are at the early stages of their research careers as well as for those who are engaged in dissertation work in applied microeconomics or other empirical work. Topics vary from quarter to quarter depending on the interests of participants.

Credits

3

Requirements

Enrollment is restricted to graduate students.

Repeatable for credit

Yes

Quarter offered

Fall, Winter, Spring

ECON 276 Workshop in Experimental Economics

For economics doctoral students who are at early stages of their research careers as well as those engaged in dissertation research using laboratory experiments and related techniques. Topics vary from quarter to quarter depending on the interest of participants. Enrollment is by permission of instructor.

Credits

3

Instructor

Daniel Friedman

Repeatable for credit

Yes

Quarter offered

Fall, Winter, Spring

ECON 290 Topics in International Economics

Covers several advanced topics in the history of international economics, international trade, and international finance. Topics include imperfect competition and trade, strategic trade policies, increasing returns, and the pattern of trade, economic geography, exchange rate target zones, and balance of payment crises. Topics vary from year to year. Courses 204A-B-C and 205A-B-C are strongly recommended as preparation.

Credits

5

ECON 291 Workshop in Applied Economics

Experience in applied projects, report writing and presentation, drawing on previous coursework.

Credits

5

ECON 293 Field Study

Students will undertake analytical projects in public or private institutions. The material covered must be different from that of the thesis topic.

Credits

5

Quarter offered

Fall, Winter, Spring

ECON 294A Applied Economics and Finance Laboratory

Practical experience in managing computerized data sets and running statistical packages. Covers STATA and R. (Formerly Applied Economics Laboratory.)

Credits

2

Requirements

Enrollment is restricted to applied economics and finance graduate students.

Repeatable for credit

Yes

Quarter offered

Fall, Winter

ECON 294B Applied Economics and Finance Seminar

Bi-weekly seminars designed to present students with current working applications in various fields of applied economics and finance. (Formerly Applied Economics Seminar.)

Credits

2

Requirements

Enrollment is restricted to applied economics and finance graduate students.

Repeatable for credit

Yes

Quarter offered

Winter, Spring, Summer

ECON 294C Economics Guest Seminar Series

Bi-weekly seminars by visiting faculty and industry leaders who are experts in their fields provide in-depth insight on topics relevant to graduate students in economics.

Credits

1

Requirements

Enrollment is restricted to graduate students.

ECON 294D Applied Economics Seminar

Weekly seminar designed to present students with current working applications in various fields of applied economics.

Credits

2

Requirements

Enrollment is restricted to economics Ph.D. students.

ECON 295 Directed Reading

Reading in research area of student interest, with faculty supervision through weekly discussion. Students submit petition to sponsoring agency. (Formerly course 295A.)

Credits

5

Repeatable for credit

Yes

Quarter offered

Fall, Winter, Spring

ECON 296A Third Year Ph.D. Seminar

Student presentations of literature and/or original research in areas of student research interest. Student discussion of presentations under faculty supervision.

Credits

5

Requirements

Prerequisite(s): ECON 204C, ECON 205C, ECON 211B, ECON 240A, ECON 240B, ECON 241A, and ECON 241B.

ECON 297A Independent Study

Independent study and research under faculty supervision. Students submit petition to sponsoring agency.

Credits

5

Repeatable for credit

Yes

Quarter offered

Fall

ECON 297B Independent Study

Independent study and research under faculty supervision. Students submit petition to sponsoring agency.

Credits

10

Repeatable for credit

Yes

Quarter offered

Winter

ECON 297C Independent Study

Independent study and research under faculty supervision. Students submit petition to sponsoring agency.

Credits

15

Repeatable for credit

Yes

Quarter offered

Spring

ECON 298A Master's Thesis Research

May be taken once to meet course requirements for the master's degree. Students submit petition to sponsoring agency.

Credits

5

Repeatable for credit

Yes

Quarter offered

Fall

ECON 298B Master's Thesis Research

May be taken once to meet course requirements for the master's degree. Students submit petition to sponsoring agency.

Credits

10

Repeatable for credit

Yes

Quarter offered

Winter

ECON 298C Master's Thesis Research

May be taken once to meet course requirements for the master's degree. Students submit petition to sponsoring agency.

Credits

15

Repeatable for credit

Yes

Quarter offered

Spring

ECON 299A Doctoral Thesis Research

Research toward Ph.D. dissertation under faculty supervision. Prerequisite(s): advancement to candidacy and students submit petition to sponsoring agency. (Formerly, course 298 Dissertation Research)

Credits

5

Repeatable for credit

Yes

Quarter offered

Fall, Winter, Spring

ECON 299B Doctoral Thesis Research

Research toward Ph.D. dissertation under faculty supervision. Prerequisite(s): advancement to candidacy and students submit petition to sponsoring agency. (Formerly, course 298 Dissertation Research)

Credits

10

Repeatable for credit

Yes

Quarter offered

Fall, Winter, Spring

ECON 299C Doctoral Thesis Research

Research toward Ph.D. dissertation under faculty supervision. Prerequisite(s): advancement to candidacy and students submit petition to sponsoring agency. (Formerly, course 298 Dissertation Research)

Credits

15

Quarter offered

Fall, Winter, Spring