Below is a complete listing of all graduate economics courses. Not all courses are offered each year. For a listing of courses currently being offered, go to the current course information page.

200A-B-C Graduate Colloquium in Economics I, II, III (2-2-2)
Weekly research presentations by faculty, students, and visitors in multiple fields. Supplemented by class discussion of these presentations and other material on current research methodology.

202 Probability and Statistics (4)
Covers probability mathematical statistics necessary to prepare students for econometric study and empirical work.  Topics include probability theory, distributions, sampling, and classical point estimation.  A likelihood perspective is emphasized. (Formerly, Economics 220A)

203A Mathematics for Economists (4)
Gives students the mathematical background required for graduate work in economics. Topics covered include multivariate calculus, differential equations, and linear algebra. Prerequisite: graduate standing or consent of instructor.

205A Research Writing in Economics (4)
For Economics graduate students who are writing their required research paper in an applied field. How to write an original paper in economics, guidance for specific papers. Prerequisite: admission to the graduate program in Economics.

206 How to Write a Paper (2)
For Economics graduate students who are writing required research papers.Will discuss how to make an oral presentation, how to go about doing research, and how academic journals operate.

210-219: GRADUATE ECONOMIC THEORY.

210A-B-C Microeconomic Theory I, II, III (4-4-4)
Emphasis on the meaning and empirical interpretation of theoretical models. Topics include theory of the firm, theory of the market, theory of the consumer, duality theory, application to econometrics, general equilibrium and welfare economics, uncertainty, game theory.

210D-E-F Macroeconomic Theory I, II, III (4-4-4)
Topics include microeconomic foundations of macroeconomics, investment and growth theory, inflation and unemployment, rational expectations and macroeconomic policy, wealth effects, crowding out and fiscal policy, money and interest, open economy models.

211L Macroeconomic Theory  II Laboratory (2) W.
Overview of stochastic processes; introduction to dynamic programming; two equilibrium concepts; Ricardian equivalence; real business cycle model; complete versus incomplete markets; asset pricing and the equity premium puzzle.  Corequisite: Economics 210E. Prerequisite: graduate standing. Satisfactory/Unsatisfactory only.

219A-Z Special Topics in Economic Theory (4)
Prerequisites vary. May be repeated for credit.

220-229: QUANTITATIVE METHODS.

220A-B-C Statistics and Econometrics I, II, III (4-4-4)
220A Begins with Bayesian point estimation. Then covers interval estimation and hypothesis testing from both classical and Bayesian perspectives, followed by a general discussion of prediction.  Finally, all these techniques are applied to the standard linear regression model under ideal conditions, Generalized Least Squares (GLS) is introduced. 220B: Begins by relaxing the ideal conditions of the standard regression model. Potential topics include kernel density estimation, instrumental variables (IV), two stage least squares (2SLS), panel data models, and simulation-based Bayesian methods, including Gibbs sampling, and the bootstrap.220C: Covers econometric time series, discrete choice and count models, sample selection, and duration models. Covers both Bayesian and classical asymptotic methods.(Formerly, Economics 220B-C-D)

221A-B-C-D Statistics and Econometrics Laboratory I, II, III (2-2-2)
Discussion of problems in statistics and econometrics and their relationship to statistical and econometric theory. Instruction in the use of computers for applied econometric work. Corequisites: Economics 220A-B-C.

222 Replication and Applied Economics Writing (4)
Before the course begins, students choose a published empirical economics article and obtain the necessary data to replicate it.  Then, students replicate and extend the economic analysis and write a paper describing their work. Prerequisites: Economics 220A-B-C. (Formerly, Economics 221D).

223A Discrete Choice Econometrics (4)
Specification, estimation, and testing of discrete choice models, with emphasis on cross-section application. Qualitative choice, limited dependent variables, sample selection bias, and latent variables. Students use computer packages to apply models to real data. Prerequisites: Economics 220B

224A Time Series Econometrics (4)
Econometric analysis of time series data. Moving average and autoregressive series, regression analysis, Box-Jenkins techniques, computational methods, causality conditions and non-stationary time series. Prerequisites: Economics 220B-C.

229A-Z Social Dynamics Seminar (4)

230-239 Economic and Financial History

231A-B Institutions in Historical Perspective
Investigates economic and political institutions across the world and throughout history. Focuses on institutions such as property rights, political regimes, regulations, legal systems, corporate organization, and social norms. Prerequisites: Economics 210A-B-C-D-E-F or consent of instructor.

232 Business Cycles in Historical Perspective
Investigates business cycles in the United States and Worldwide during the last two centuries. Topics include causes and consequences of business fluctuations, monetary and fiscal policy, models of fluctuations, and empirical macroeconomics. Prerequisites: Economics 210A-B-C-D-E-F or consent of instructor.

233 European Economic History
Focuses on European economic history between 1500 and 1910. Examines the causes of the Industrial Revolution and globalization. Particular topics: productivity growth, transport improvements, technological change, capital markets, property rights, international trade. Prerequisites: Economics 210A-B-C-D-E-F or consent of instructor.

234 American Economic History
Focuses on American economic history from colonization onwards. Topics include the development of legal systems, transport systems, financial markets, industrialization, migration, immigration, technological change, and the consequences of slavery. Prerequisites: Economics 210A-B-C-D-E-F or consent of instructor.

239A-Z Special Topics in Financial Economics (4)
 Prerequisites vary. May be repeated for credit as topics vary.

240-249: MICROECONOMICS.

241A-B Industrial Organization I, II (4-4)
Analysis of the structure and economic performance of markets, and the impact of public policy and their efficiency and equity. Effects of information structure. 241A: Oligopoly, cartels, mergers, vertical integration, patents, innovation, antitrust, and regulation. 241B: Price flexibility and dispersion, auctions, search and industrial structure, intra-firm organization. Prerequisites: Economics 100B and 203A.

241C Industrial Organization III (4)
Open to graduate students who have completed the first two quarters of the graduate Industrial Organization (IO) sequence and to other students with consent of instructor. Students are expected to have started a field paper in IO during the earlier quarters, and will finish a completed draft of it during this quarter. Prerequisites: Economics 100B and 203A, and 241A-B; graduate standing or consent of instructor.

243A Game Theory (4)
A formal introduction to noncooperative game theory. Topics include properties of Nash Equilibrium and equilibrium refinements, dynamic games, repeated games, games with imperfect information, and games with incomplete information.

243B Advanced Game Theory (4)
Provides advanced instruction and research opportunities in game theory for students interested in using game theory in their research. Prerequisites: Economics 243A and consent of instructor.

245 Empirical Methods in Applied Microeconomics (4)
Focuses on the empirical methods used in modern applied microeconomics.  Teaches student methods that can be applied to produce original research in applied fields using cross-sectional and panel data.  Applications will be drawn heavily from labor, public, health and development economics.

249A-Z Special Topics in Microeconomics (4)
May be repeated for credit as topics vary.

250-259: LABOR ECONOMICS.

251A-B Labor Economics I, II (4-4)
Analytic and empirical study of labor markets. Topics include labor supply and demand, human capital, educational sorting, lifetime earnings profiles, discrimination, unemployment, unions; several econometric techniques including combined time-series and cross-sections, sample selection bias, and switching regressions are taught as needed. Prerequisites: Economics 100B and 203A.

255 Economics of Government (MPP) (4)
Introduces the fundamental principles of microeconomics that are required for applied policy analysis. Provides students with an intuitive understanding of the microeconomic approach, and familiarizes them with concepts used in applied public policy analysis.

259A-Z Special Topics in Labor Economics(4)
Prerequisites vary. May be repeated for credit as topics vary.

260-269: MACROECONOMICS.

260A-B Monetary Economics I,II
260A:Focuses on the derivation and estimation of state-of-the-art Dynamic Stochastic General Equilibrium (DSGE) models, with particular emphasis on models useful for monetary policy. 260B: Surveys recent issues on monetary policy in uncertain environments. Examines settings where both the policy makers and the private sector are uncertain of future outcomes or the underlying economic structure.

261A-B International Trade I, II (4-4)
Covers theoretical models, empirical methods, and policy issues in international trade. Following the conventional treatment of the Ricardian model, the Heckscher-Ohlin model, and the specific factors model; new trade models which incorporate scale economies and imperfect competition are discussed. Prerequisite: Economics 210A-B.

263A-B Advanced Macroeconomics I, II (4-4)
236A: Students build Dynamic Stochastic General Equilibrium (DSGE) macroeconomic models from microeconomic foundations.  This approach emphasizes intermporal optimization by firms and households and typically incorporates nominal rigidties suchj as sluggish price and/or wage adjustment. 263B: Extensively studies policy in dynamic models. Topics: rule versus discretionary-based policy and its implications for macroeconomic stability and multiple equilibria; the design of optimal monetary policy; economic policy with model uncertainty and when the economic model is known.

269A-Z Special Topics in Macroeconomics (4)
Prerequisites vary. May be repeated for credit as topics vary.

270-279: PUBLIC CHOICE.

270A-B-C Seminar in Public Choice I, II, III (4-4-4)
Public choice lies at the intersection of economics and political science. This course involves the use of tools derived from economics to understand the behavior of governments and of citizens when they deal with politics. Prerequisites: graduate standing and Social Sciences 111H. Same as Political Science 270A-B-C.

272B-C Public Economics II, III (4-4)
272B: Covers the theory of public goods and models of decentralized provision of such goods, including voluntary provision, voting, bureaucratic provision, and preference revelation mechanisms. 272C: Covers two broad categories of government expenditure policies, redistribution programs and social insurance, from a theoretical and empirical perspective. Prerequisites: Economics 210A-B-C.

279A-Z Special Topics in Public Choice (4)
Prerequisites vary. May be repeated for credit as topics vary.

280-289: URBAN & TRANSPORTATION ECONOMICS.

281A-B Urban Economics I, II (4-4)
Economic reasons for the existence of cities, analysis of urban spatial structure, urban sprawl, Third World urbanization, hedonic price analysis, housing tenure choice. 281B: Housing in the portfolio, land-use controls, rent control, homelessness, neighborhood effects, urban quality-of-life measurement, subcenters. Prerequisite: Economics 210A or equivalent.

282A-B Transportation Economics I, II (4-4)
Applies microeconomic concepts of demand, costs, pricing, investment, and project evaluation to analyze transportation activities. Empirical studies include travel demand using discrete models, and cost functions. 282B: Policy analysis in the presence of road transport externalities (such as environmental spill-overs), imperfect instruments, and other economic distortions such as imperfectly priced networks and imperfect competition. Connections of transportation economics with environmental economics, public finance, spatial economics and industrial organization.

285A-B-C Colloquium for Transportation Science I, II, III (2-2-2)
Selected theoretical perspectives on transportation based on the study of human behavior. Organized by Interdisciplinary Program in Transportation Science. Research presentations by faculty, students, and visitors supplemented by class discussion. Prerequisite: graduate standing or consent of instructor.

289A-Z Special Topics in Urban and Transportation Economics (4)
Prerequisites vary. May be repeated for credit as topics vary.

290-299: SPECIAL COURSES.

290 Dissertation Research (4 to 12)
Prerequisite: consent of instructor. May be repeated for credit.

299 Independent Study (4)
May be repeated for credit.

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