Schedule of Classes

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.

Social functions served by the rules, laws, regulations, and customs that constrain human activity. Processes whereby such institutions adapt, or fail to adapt, to changing circumstances.

Contract law and economic organization, determinants of firm boundaries, transaction cost economics, agency theory, incomplete contracting, business strategy, bureaucracy, institutional environment, politics and property rights.

Contemporary economic problems of the Middle East: comparative and historical perspectives on issues of institutions, investment, oil, trade, migration, finance, inequality, labor and capital markets. Recommended preparation: ECON 205 and ECON 303.

A focus on the Chinese economy, its reform and transition to a market economy, its relation with East Asian countries and integration into the world economy.

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.

Introduction to quantitative methods for analyzing economic equilibria; comparative statics and dynamics. Utility theory, consumer behavior, and profit maximization. Model formulation in micro and macroeconomics.

Analysis of strategic economic interactions. Topics include bargaining, insurance, patents, voting, environment depletion, strategic trade, learning, reputation, strikes, corporate takeovers, and the provision of public goods.

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

Trends, time-series models, low-cost forecasting methods, regression models, evaluation and combination of forecasts. Applications in business and economics.

What is happiness? How does it vary by socio-economic status and over the life cycle? This course will develop insight into the nature and determinants of subjective well-being. Recommended preparation: ECON 305

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

Economic approaches and political processes are used to explain observed international trade policy choices. Topics covered include globalization, regionalism, labor standards, the environment and sanctions. Recommended preparation: ECON 450, IR 330

General equilibrium analysis of economics with financial markets; decision making under uncertainty; methods of risk reduction; portfolio theory and valuation of securities; efficiency of security markets.

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.

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 the household and the firm; product and factor markets; perfect and imperfect competition; welfare criteria.

Optimization of the consumer and the firm; duality and imputed value; perfect and imperfect competition in product and factor markets. Recommended preparation: 500

Aggregate demand, supply and government policy; theories of economic growth and business cycles; static and dynamic implications of government policies. Recommended preparation: 501, 502

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

Introduction to probability theory and statistical inference to prepare students for graduate courses in econometrics and economic theory; probability, random variables, distributions, estimation, testing, asymptotics.

Classical economic theory; its precursors, main contributors, extensions, and critics; focus upon the writings and ideas of Smith, Say, Malthus, Ricardo, Mill and Marx.

Information, property rights, bargaining, transaction costs, incentives, free-riding and contracting in organizations; the nature of cooperation; bureaucracies.

Development, underdevelopment and the problems thereof; agriculture, industry, trade, population, human capital, capital formation; structural, technological, environmental and institutional changes; political economy of the state.

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.

Strategies and equilibrium concepts; dynamic and repeated games; incomplete information and learning in games.

Dynamic economics, applied general equilibrium models, computational and calibration tools, discrete-state dynamic programming, log-linearization of Euler equations.

Use of quantitative models to describe and forecast economic activity; estimation and application of such models to selected policy problems.

Household production models and intra-household models of behavior and their empirical implementation, focus on poverty, human resouce investments and their interaction with public policies.

Equilibrium model of finance economy; absence of arbitrage; complete and incomplete markets; asset pricing theory: representative agent pricing, Capital Asset Pricing Model, martingale property of security prices.

This course first proposes various means of evaluating an economic program. It then applies the tools to specific problems.

Decision making, economic behavior and organization in firms; types of competition and market structure; property rights, nonprofit decision making.

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.

Time-series methods; aggregation; structural models and methods such as factor analysis and multiple indicator models; various special topics.

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.