Course Descriptions

ECON 501 - Microeconomics I

Instructor:  TBA
Modern consumer and producer theory: utility maximization, demand, choice under uncertainty, intertemporal choice, production. General equilibrium

ECON 502 - Macroeconomic

Instructor: Peter Hartley 
Intertemporal general equilibrium models, dynamic programming, search theory, monetary models.  

ECON 504 - Computational Economics

Instructor: Mahmoud El-Gamal 
This course covers numerical methods most commonly used in Economics, including solving systems of equations, numerical optimization, stochastic dynamic programming, numerical differentiation and integration, monte carlo methods, and solving ordinary and partial differential equations. 

ECON 505 - Financial Economics I

Instructor: Kerry Back 
More detailed discussion of selective macroeconomic and monetary topics.  
Pre-requisites: ECON 501 and ECON 502
Cross-Listed with: BUSI 521
Introduction at the graduate level to asset pricing and portfolio choice theory. Covers single-period and dynamic models, including pricing by arbitrage, mean-variance analysis, factor models, dynamic programming, recursive utility, and an introduction to continuous-time finance. 

ECON 506 - Topics In Macroeconomic

Instructor: TBA
Discussion of selected topics of current interest. Varies year to year. 

ECON 507 - Mathematical Economics I

Instructor: TBA
The purpose of this course is to provide the first-year PhD students in Economics with the essential mathematical tools. The course covers topics in real analysis, topology, linear algebra, etc. Aside from providing the mathematical tools, a primary aim of this course is to develop the level of mathematical sophistication necessary to conduct research in modern economics. The course will therefore emphasize logical clarity and mathematical rigor, along with the ability to follow and construct mathematical proofs. 

ECON 508 - Microeconomics II

Instructor: Hülya Eraslan / Mallesh Pai
Game theory: Normal form games, extensive form games, games of incomplete information, monotone comparative statics, supermodular games.
Pre-requisites: ECON 501 

ECON 509 - Topics in Microeconomics

Instructor: Hülya Eraslan 
Discussion of selected topics of current interest. Varies year to year.

ECON 510 - Econometrics I

Instructor: Natalia Sizova
Estimation and inference in single equation regression models, multicollinearity, autocorrelated and heteroskedastic disturbances, distributed lags, asymptotic theory, and maximum likelihood techniques.  Emphasis is placed on the ability to analyze critically the literature. Cross-listed with STAT 610.  

ECON 511 - Econometrics II

Instructor: Xun Tang
Topics in linear and nonlinear simultaneous equations estimation, including panel data, qualitative and categorical dependent variable models, duration analysis, simulation based estimation, treatment effects, stochastic production frontier estimation. Cross-list: STAT 611.
Pre-requisites: ECON 510

ECON 514 - Industrial Organizations and Control

Instructor: Isabelle Perrigne 
Core topics include monopoly, price discrimination, vertical control, short-run price competition, dynamic price competition and tacit collusion, price and non-price competition with differentiated products, entry barriers, information and strategic behavior (e.g. limit pricing, auctions), and research and development.

ECON 515 - Labor Economics

Instructor: Flávio Cunha  
Graduate-level analysis of empirical evidence and theories relating to several features of labor markets. Topics covered may include fertility, health, criminal behavior, labor force participation, hours of work, education and training, geographical and inter-firm labor mobility, static and dynamic labor demand, unions, discrimination, government intervention in labor markets, and “hedonic” equilibria in labor markets. 

ECON 516 - Empirical Microeconomics

Instructor: Richard Boylan / Vivian Ho 
Overview of methods used in empirical microeconomic research. Examples are drawn from health economics, law and economics, and business economics. Emphasis is placed on designing econometric and statistical analyses to test economic hypotheses. Class projects will expand on analyses from previously published studies. 

ECON 517 - Empirical Industrial Organization

Instructor: Jeremy Fox

This field course aims to expose students to recent developments in the empirical structural analysis of data in industrial organization. The course emphasizes the use of advanced econometric methods and requires a good knowledge of microeconomic models with incomplete information. Covered topics include auctions, nonlinear pricing, bundling, differentiated products, insurance, bargaining and regulation.

ECON 522 - Public Economics: Tax Policy

Instructor: George Zodrow 
Study of the effects of taxation on individual and firm behavior, general equilibrium tax incidence analysis, optimal taxation theory, optimal implementation of tax reform, analysis of comprehensive income, and consumption taxes. 

ECON 523 - Dynamic Optimization

Instructor: Peter Hartley 
Study of dynamic optimization in discrete and continuous time, including numerical methods and applications to microeconomics, finance and resource and energy economics.   

ECON 547 -Advanced Topics in Energy Economics

Instructor: Kenneth Medlock III
A detailed development and analysis of topics in energy modeling. Topics include optimal extraction of depletable resources, models of storable energy commodities, energy demand by end-use sector, models of non-competitive behavior, energy security and the relationship between energy and commodity prices. Graduate/Undergraduate Equivalency: ECON 447.
Pre-requisites: ECON 477 or ECON 401

ECON 565 - Health Economics

Instructor: Vivian Ho 
Study of economic aspects of health.  Includes production, cost, demand and supply factors; methods of payment and effects of regulation. 

ECON 575 - Topics in Financial Economics

Instructor: Kerry Back 
Topics in asset pricing, corporate financial theory, and market microstructure, including asymmetric information, learning, heterogeneous priors, market frictions, nonstandard preferences, production models, q theory, real options, dynamic capital structure, quote-driven markets, order-driven markets, and dealer markets. 

ECON 576 - Topics in Macroeconomics

Instructor: TBA

Discussion topics in macroeconomics.

ECON 577 - Topics in Economic Theory I

Instructor: Antonio Merlo 
Discussion of topics in advanced economic theory. 

ECON 578 - Topics in Economic Theory II

Instructor: TBA
Discussion topics in advanced economic theory. Repeatable for credit. Not offered every year. 

ECON 579 - Topics in Econometrics

Instructor: Robin Sickles 
Discussion of selected topics in advanced econometrics. 
Pre-requisites: ECON 511

ECON 592 - Topics in Policy and Applied Economics

Instructor: TBA
Discussion of selected topics in policy and applied economics.  

ECON 593 (Fall) / ECON 594 (Spring) - Workshop in Economics I

Seminars on advanced topics in macroeconomics, microeconomics, econometrics and applied microeconomic theory, presented through guest lectures by leading researches. Repeatable for credit.

Section 001 
Workshop in Business & Economics
Instructor: Kerry BackTed Loch-Temzelides

Section 002 
Workshop in Microeconomic Theory
Instructor: Hülya Eraslan

Section 003 
Workshop in Econometrics
Instructor: Jeremy Fox

ECON 597 - Readings in Advanced Topics

Instructor: TBA 
This workshop is aimed at preparing graduate students for completing innovative and original research. All second year graduate students will attend the workshop. Each week, a faculty member will give a brief lecture about their experience with research. Possible topics include how they came up with ideas, how those ideas evolved and became papers, how these papers proceeded through the publication process, etc. Alternatively, they can present a broad overview of particular research areas and discuss outstanding questions in those areas. 
Pre-requisites: Permission of the instructor

ECON 598 - Readings in Advanced Topics

Instructor: TBA
Repeatable for credit.  

ECON 800 - Graduate Research

Repeatable for credit.