This course uses microeconomic theory tools to survey the literature on the various ways that markets determine the allocation of scarce resources: via a single market-clearing price, queueing, rationing, a centralized matching or assignment algorithm, or an auction. Students examine a specific marketplace and analyze it using either an economic model, data or both. The economic analysis should propose ways of improving the studied allocation and discuss their economic rationale. Students are welcomed to use data to quantify the potential gains associated with the recommended improvement.

An examination of international monetary theory and institutions and their relevance to national and international economic policy. Topics include mechanisms of adjustment in the balance of payments, macroeconomic and exchange-rate policy for internal and external balance, international movements of capital and the history of the international monetary system: its past crises and current prospects, issues of currency union and optimal currency area, and emerging markets. Prerequisite: ECO 253.

An introduction to the research workflow in economics. Drawing on examples from a variety of economic fields, students learn how to search, read and write about the economic literature and to generate reproducible economic data analysis using statistical software like R and Stata. The course focuses on the practical skills needed to apply the tools from economic theory and econometric methods to real economic research questions. Prerequisites: ECO 220, ECO 240, SDS 220 or SDS 291; and ECO 250 or ECO 253. Enrollment limited to 25.

Review of mathematical techniques required for a rigorous study of economics. Extensive instruction on applications of these techniques to economic problems are provided. Emphasis is on static and dynamic optimization and comparative statics. Applications to microeconomics, macroeconomics and financial economics discussed. Prerequisites: ECO 220, ECO 250 and MTH 112.

Builds a cohesive theoretical framework within which to analyze the workings of the macroeconomy. Current issues relating to key macroeconomic variables such as output, inflation and unemployment are examined within this framework. The role of government policy, both in the short run and the long run, is also assessed. Prerequisites: ECO 153 and MTH 111 or equivalent. Discussion section enrollment limited to 28.

Builds a cohesive theoretical framework within which to analyze the workings of the macroeconomy. Current issues relating to key macroeconomic variables such as output, inflation and unemployment are examined within this framework. The role of government policy, both in the short run and the long run, is also assessed. Prerequisites: ECO 153 and MTH 111 or equivalent. Discussion section enrollment limited to 27.

Builds a cohesive theoretical framework within which to analyze the workings of the macroeconomy. Current issues relating to key macroeconomic variables such as output, inflation and unemployment are examined within this framework. The role of government policy, both in the short run and the long run, is also assessed. Prerequisites: ECO 153 and MTH 111 or equivalent. Enrollment limited to 55.

Focuses on the economic analysis of resource allocation in a market economy and on the economic impact of various government interventions, such as minimum wage laws, national health insurance and environmental regulations. Covers the theories of consumer choice and decision making by the firm. Examines the welfare implications of a market economy and of federal and state policies which influence market choices. Prerequisites: ECO 150 and MTH 111 or equivalent. Discussion section enrollment limited to 19.

Focuses on the economic analysis of resource allocation in a market economy and on the economic impact of various government interventions, such as minimum wage laws, national health insurance and environmental regulations. Covers the theories of consumer choice and decision making by the firm. Examines the welfare implications of a market economy and of federal and state policies which influence market choices. Prerequisites: ECO 150 and MTH 111 or equivalent. Discussion section enrollment limited to 18.

Focuses on the economic analysis of resource allocation in a market economy and on the economic impact of various government interventions, such as minimum wage laws, national health insurance and environmental regulations. Covers the theories of consumer choice and decision making by the firm. Examines the welfare implications of a market economy and of federal and state policies which influence market choices. Prerequisites: ECO 150 and MTH 111 or equivalent. Discussion section enrollment limited to 18.