This course studies the specification, estimation, and testing of econometric models based on the maximum likelihood and method of moments principles. It builds from mathematical statistics and utilizes matrix algebra, the rudiments of which will be introduced in the course. The course will also review applications of econometric models to various areas of micro and macroeconomics. A student may not receive credit for both ECON 360 and ECON 361. 

A study of the analysis of quantitative data, with special emphasis on the application of statistical methods to economic problems.  A student may not receive credit for both ECON 360 and ECON 361.

Requisite: MATH 111, or equivalent and at least a "B" grade in ECON 111/111E or a "B-" in ECON 200-290, or equivalent. Limited to 50 students.  Fall semester: Professor Westhoff.  Spring semester: Professor Sims.

This course covers similar material to that covered in ECON 330 but is mathematically more rigorous and moves at a more rapid pace. A student may not receive credit for both ECON 330 and ECON 331.

Requisite: At least a "B" grade in ECON 111/111E or a "B-" grade in ECON 200-290, or equivalent, and MATH 121 or equivalent, or consent of the instructor. Spring semester. Professor Honig.

This course develops macroeconomic models of the determinants of economic activity, inflation, unemployment, and economic growth. The models are used to analyze recent monetary and fiscal policy issues in the United States, and also to analyze the controversies separating schools of macroeconomic thought such as the New Keynesians, Monetarists and New Classicals. A student may not receive credit for both ECON 330 and ECON 331.

This course develops the tools of modern microeconomic theory and notes their applications to matters of utility and demand; production functions and cost; pricing of output under perfect competition, monopoly, oligopoly, etc.; pricing of productive services; intertemporal decision-making; the economics of uncertainty; efficiency, equity, general equilibrium; externalities and public goods. A student may not receive credit for both ECON 300 and ECON 301.

An introduction to the historical experience and current economic problems of developing countries, and survey of theories of economic growth and development.  Topics will include economic growth, health, education, urbanization, corruption, technology, aid, gender and institutions.  The course will throw light on market failures in developing countries and show how we can use the tools of economics to understand these problems and to evaluate policy options.

Requisite: ECON 111/111E. Limited to 50 students. Spring semester.  Professor Singh.

This course uses microeconomic analysis to examine economic relationships among countries. Issues addressed include why nations trade, the distributional effects of trade, economic growth, factor mobility, and protectionism. Also included are discussions of the special trade-related problems of developing countries and of the history of the international trading system.

Requisite: ECON 111/111E. Limited to 50 students. Fall and spring semesters.  Professor B. Yarbrough.

This course examines the determinants of and linkages between market structure, firm conduct, and industrial performance. Some of the questions that will be addressed include: Why do some markets have many sellers while others have only few? How and why do different market structures give rise to different prices and outputs? In what ways can firms behave strategically so as to prevent entry or induce exit of rival firms? Under what circumstances can collusion be successful? Why do firms price discriminate? Why do firms advertise?

Health care poses many pressing questions: Why do we spend so much on health care?  Does this spending actually produce better health?  How do health care institutions function?  What is the appropriate role of government? How are we to judge the efficiency and equity of health care policy?  By applying economic analysis to health, health care, and health care markets, health economics provides insight into these questions.

Students in this course will explore society’s use of the natural environment as a component of production and consumption. The allocation of exhaustible and renewable resources and the protection of environmental quality from an economic standpoint will be examined. Public policy avenues for controlling natural resource management and the environment will also be explored. Case studies include air pollution and acid rain, depletion of the ozone layer and the greenhouse effect, the solid waste crisis, and deforestation, among others.