Department of Economics

Chair:
Eric Sims

Associate Chair:
Christiane Baumeister

Director of Graduate Studies:
Kasey Buckles

Director of Undergraduate Studies:
Forrest Spence

Keough-Hesburgh Professor:
William Evans

Lambert Family Professor:
Christiane Baumeister

Joe and Deborah Loughrey Professor:
Enrique Seira Bejarano

William J. and Dorothy K. O'Neill Professor:
Eric Sims

Frances D. Rasmus and Jerome A. Castellini Professor:
Jeffrey Campbell

Gilbert F. Schaefer Professor of Economics:
Melissa S. Kearney

David F. and Erin M. Seng Foundation Professor:
Joseph P. Kaboski

Quinn and Jean Stepan Family College Professor:
Kasey Buckles

Brian and Jeannelle Brady Associate Professor:
Robert C. Johnson

Robert and Irene Bozzone Associate Professor:
Benjamin Pugsley

Dillion Hall Associate Professor:
Ethan Lieber

Patrick J. O’Malley III and Christine A. O’Malley Associate Professor:
Heitor S. Pellegrina

Gilbert F. Schaefer Associate Professors:
Maciej H. Kotowski

Quinn and Jean Stepan Associate Professor:
Zachary Stangebye

Rev. John A. O’Brien Assistant Professor:
Jane Ryngaert

Wilson Family LEO Assistant Professors:
Robert Collinson; Adrienne Judson; Christopher Mills

Professors:
Christiane Baumeister; Kasey Buckles; Jeffrey Campbell; William Evans; Thomas A. Gresik; Daniel Hungerman; Lakshmi Iyer; Joseph P. Kaboski; Melissa S. Kearney; Christian Matthes; Michael Pries; Kali Rath; Enrique Seira Bejarano; Eric Sims; James Sullivan; Rebecca Thornton

Associate Professors:
Marinho Bertanha; Christopher Cronin; Taryn Dinkelman; Kirk Doran; Robert C. Johnson; Maciej H. Kotowski; Ethan Lieber; Heitor S. Pellegrina; Benjamin Pugsley; César Sosa-Padilla; Zachary Stangebye

Assistant Professors:
Victoria Barone; Jooyoung Cha; JoonHwan Cho; Robert Collinson; Andrew Ferdowsian; Matthias Hoelzlein; Yijun Liu; Jeremy Majerovitz; Evan Mast; Christopher Mills; Jane Ryngaert; Patrick Turner

Teaching Professors:
Eva Dziadula

Professor of the Practice:
Jeff Biddle

Associate Teaching Professors:
Davin Raiha; Forrest Spence

Assistant Teaching Professor:
Cora Bennett; Adrienne Judson

Undergraduate Advisors:
Cora Bennett; Eva Dziadula; Davin Raiha; Forrest Spence

Economics offers a coherent, rigorous framework to tackle some of the world's most pressing problems. Through our research and scholarship, we conduct and disseminate innovative work to improve society and foster human flourishing. In our teaching and mentoring, we train the next generation of scholars and practitioners to go forth and make a difference. We do all of this in a collaborative, welcoming, and inclusive environment that fosters and supports Notre Dame's distinct Catholic mission.

The Department of Economics offers their courses under the subject code of: Economics (ECON). Courses associated with their academic programs may be found below. The scheduled classes for a given semester may be found at classearch.nd.edu.

Economics (ECON)

ECON 10000 Economics Proseminar (1 Credit Hour)

This optional one credit hour professional seminar (prosem) is designed to provide students with an overview of opportunities available to Economics and International Economics majors both inside and outside the classroom. Students will receive guidance on how to navigate course, extracurricular, internship, and vocational decisions, with an emphasis on the specific benefits of majoring in economics and the resources provided by the economics department (e.g., student clubs, affiliated research labs, alumni mentoring). This will be accomplished through a mixture of weekly short lectures, guest speakers, and panel discussions. Particular attention will be paid to not wasting students’ time with busy work.

ECON 10001 Principles of Economics (4 Credit Hours)

An introduction to microeconomics and macroeconomics. On the micro side, particular attention is paid to competitive and monopolistic markets and the role of exchange, prices, and government regulation of the economy. The macro side examines measurement of national economic performance, models of short-run economic fluctuations and long-run economic growth, money and credit, and fiscal and monetary policy.

Corequisites: ECON 12001

ECON 10010 Principles of Microeconomics (3 Credit Hours)

An introduction to economics, with particular attention to the pricing mechanism, competitive and monopolistic markets, government regulation of the economy, labor-management relations and programs, income determination and public policy, trade and the international economy.

Satisfies the following University Core Requirements: WKSS - Core Social Science

ECON 10011 Principles of Microeconomics (3 Credit Hours)

Satisfies the following University Core Requirements: WKSS - Core Social Science

ECON 10020 Principles of Macroeconomics (3 Credit Hours)

A continuation of introduction to economics with emphasis on the measurement of national economic performance, alternative explanations of short-run economic fluctuations and long-run economic growth, money and credit, fiscal and monetary policy.

Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011

Satisfies the following University Core Requirements: WKSS - Core Social Science

ECON 10091 Principles of Microeconomics (3 Credit Hours)

For achieving a qualifying score on the appropriate Advanced Placement (AP) or International Baccalaureate (IB) exam, students earn credit for this course as the exam credit equivalent of ECON 10010. An introduction to economics, with particular attention to the pricing mechanism, competitive and monopolistic markets, government regulation of the economy, labor-management relations and programs, income determination and public policy, trade and the international economy.

ECON 10092 Principles of Macroeconomics (3 Credit Hours)

For achieving a qualifying score on the appropriate Advanced Placement (AP) or International Baccalaureate (IB) exam, students earn credit for this course as the exam credit equivalent of ECON 10020. A continuation of introduction to economics with emphasis on the measurement of national economic performance, alternative explanations of short-run economic fluctuations and long-run economic growth, money and credit, fiscal and monetary policy.

ECON 10250 Calculus Applications (1 Credit Hour)

This optional one credit hour course introduces students to standard applications of calculus first applied at the intermediate level of the major (e.g., Intermediate Microeconomic Theory). The course is intended to serve as a supplement to Calc I or Calc A so that when students take their core economics courses, they are comfortable with the mathematical tools necessary for success and can dedicate their time to understanding the economic logic involved, rather than getting bogged down in the mathematical details. Particular attention will be paid to constrained multivariate optimization, partial differentiation, solving systems of equations, and dealing with common mathematical representations in economics (e.g., Cobb-Douglas and logarithmic functions).

ECON 12001 Principles of Econ Tutorial (0 Credit Hours)

Tutorial for ECON 10001 - Principles of Economics

Corequisites: ECON 10001

ECON 13181 Social Science University Seminar (3 Credit Hours)

Economics sections will deal with different aspects of economic analysis and policy issues. The focus will be on understanding how economists think about theoretical issues and how they apply their analytical tools to real-world economic problems and policies. No background in economics is assumed.

Satisfies the following University Core Requirements: USEM - University Seminar, WKSS - Core Social Science

Students in the Holy Cross College or St. Mary's College colleges may not enroll.

ECON 14101 Principles of Microeconomics (3-4 Credit Hours)

Taught at a host institution. Microeconomics focuses on the analysis of economic phenomena from the perspective of "individuals", consumers and firms. It will be explained how consumers and producers together determine the prices and quantities of goods available in the marketplace. We will investigate the underlying incentives of consumers to buy output and of firms to produce commodities and services that satisfy consumer demand. The course will cover the basic concepts and tools needed to undertake the analysis of those issues that arise from scarcity of resources. In addition, the functioning of competitive markets will be analyzed. We will assess how well the markets perform in allocating goods and services among people, and scarce resources among competing uses. We will be dealing with such topics as the determinants of demand and supply, market equilibrium, the concept of efficiency, and the issue of market failures and government intervention and regulation. Moreover, time permitting we will study the cost structure and production technology of the firm, firm behavior on the marketplace, various market structures, such as perfect competition, monopoly, and oligopoly. SY - Sydney, Australia: The course covers the economic maneuvers of individual firms as they interact in a market. This introductory course grants a foundation to the analytical methods and language needed in economics to work through policy issues and social habits. This is a course preparing students for advanced microeconomics by giving a comprehensive introduction to its topics.

ECON 14102 Principles of Economic (3 Credit Hours)

The course aimed to develop fundamental ideas and tools of modern microeconomic theory and their applications to policy issues, such as competition and environmental policies. The paper covered topics including risk and expected utility theory; welfare economics and general equilibrium; public goods and externalities; game theory and industrial organization; as well as information economics and applications of microeconomics.

ECON 20010 Principles of Microeconomics (3 Credit Hours)

Satisfies the following University Core Requirements: WKSS - Core Social Science

ECON 20011 Principles of Microeconomics (3 Credit Hours)

Satisfies the following University Core Requirements: WKSS - Core Social Science

ECON 20020 Principles of Macroeconomics (3 Credit Hours)

A continuation of introduction to economics with emphasis on the measurement of national economic perfomance, alternative explanations of short-run economic fluctuations and long-run economic growth, money and credit, fiscal and monetary policy.

Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011

Satisfies the following University Core Requirements: WKSS - Core Social Science

ECON 24010 Principles of Microeconomics (3,4 Credit Hours)

This course aims to familiarize the student with the core concepts of microeconomics. We begin the course with the general introduction of economics and move on to learn the market operates by studying the decision making of individuals and firms. TJ AIBE 2001 description: This course examines how individuals and firms make decisions by weighing up costs and benefits, and how the interaction of their decisions leads to market and social outcomes. We employ the demand and supply model to examine the effects of taxes, subsidies, and other government interventions in market activity. The implications of different market structures, including perfect competition and monopoly, are examined. Externalities, information asymmetry and public goods are key examples of cases in which private markets may yield socially sub-optimal outcomes, and the role of government policy in correcting for these outcomes is discussed. RE EC 201-7 description: This course introduces the students to the basic principles of microeconomics and the study of the behavior of individual agents, such as consumers and producers. The first part of the course reviews the determinants of supply and demand, the characteristics of market equilibrium, the concept of social welfare, and the consequences of price controls, taxation, and externalities on social welfare. The second part of the course deals with market theory, with a review of cost concepts and market structures: competition, monopoly, oligopoly, and imperfect competition.

Satisfies the following University Core Requirements: WKSS - Core Social Science

ECON 24020 Principles of Macroeconomics (3 Credit Hours)

HKUST - Hong Kong, China: This course is designed for students to learn the "economic way of thinking" by viewing the economy from an "aggregate" perspective. Students begin by identifying key macro variables used to measure national economic performance and then study the relationships among these variables across the goods, money, and labor markets. The course discusses key theoretical models, such as the IS-LM framework, to analyze major concepts like inflation, money growth, and the trade-off between inflation and unemployment. A significant portion of the course is dedicated to understanding the open economy and exchange rates. Upon completion, students gain the analytical tools necessary to understand, predict, and analyze the impacts of government fiscal and monetary policies on both historical and current macroeconomic events. _____________________________________________________________________________________________________________________ An introduction to the basic principles of the macroeconomy such as: national income accounting, determination of national income, business cycles, inflation, unemployment, fiscal and monetary policy, macroeconomics in the open economy and economic growth.

Satisfies the following University Core Requirements: WKSS - Core Social Science

ECON 24201 International Political Economics (3 Credit Hours)

Interpret the commercial and financial relations among countries, based on the analysis of the development of the international political economy, to recognize its importance and current and future projection.

ECON 24500 Economic Policy Analysis (3 Credit Hours)

The Economic Analysis of Social Problems This module introduces students to the relationship between economics and social policy. It introduces students to the basic principles of economics, and to how the framework derived from them can be applied to the analysis of social justice, the welfare state, and areas of social policy such as employment, education, health, housing and crime.

ECON 24900 Introduction to Accounting (3 Credit Hours)

This module deals with the construction and interpretation of five key financial statements. The initial focus will be on three of these statements the Statement of Financial Position, the Income Statement, and the Cash Flow Statement. Later in the module, the two remaining statements, which have been introduced relatively recently, will be considered. These are the Statement of Comprehensive Income and the Statement of Changes in Equity. Throughout the module, underlying theoretical concepts related to matching, income measurement and asset valuation will be explored in detail and the principles of sound financial management will be developed as the course proceeds.

ECON 27010 International Economics in DC (1 Credit Hour)

This course is centered around the International Economics in D.C. program. You will synthesize the various experiences over the trip in this course as a way of complementing the IE major's structure.

ECON 30000 Financial Decision Making (2 Credit Hours)

This optional two credit hour course – which does not count towards major elective credit – introduces models of decision-making related to major financial events that students will encounter. By examining these events through the lens of economics, students will be more prepared to make informed decisions throughout their lives and more likely to avoid common financial mistakes. Specific topics include loans, savings through stocks, bonds, and other assets, purchasing insurance, purchasing vs. renting a home, getting a mortgage, taxes, inflation and inflation protection, estate planning, benefaction, and more.

ECON 30010 Intermediate Economic Theory--Micro (3 Credit Hours)

An examination of the language and analytical tools of microeconomics, emphasizing the functional relationship between the factor and product markets and resource allocation.

Prerequisites: (ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011) and (MATH 10260 or MATH 10560 or MATH 10092 or MATH 10860) or MATH 10360 or MATH 14360 or MATH 10460

Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning, WKSS - Core Social Science

Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.

ECON 30020 Intermediate Economic Theory--Macro (3 Credit Hours)

An intensive examination of Macroeconomics with particular reference to the determination of economic growth, national income, employment and the general price level.

Prerequisites: (ECON 10020 or ECON 10092 or ECON 20020) and (MATH 10260 or MATH 10560 or MATH 10092 or MATH 10860) or MATH 10360 or MATH 10460 or MATH 14360

Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning

ECON 30160 Economy, Divine and Human (3 Credit Hours)

Economics and theology are often thought of as competing or contradictory explanations of human nature and behavior. By beginning with the theological premise that God's creation must hold together as a coherent whole, this course will instead show how economics rightly understood can illuminate our understanding of God's providential activity in the world. We will discuss the fundamental principles and insights of economics, relate them to a philosophical and theological vision of the human person in community, and show the central implications for ethics and political economy.

Satisfies the following University Core Requirements: WKCD-Core Cathol & Disciplines, WKIN - Core Integration

ECON 30200 Law and Economics (3 Credit Hours)

This class teaches how to use the basic tools and concepts of economics to analyze the economic effects of legal rules, regulations, and enforcement methods. Examples of this "economic approach" to the study of the law are taken from the basic bodies of law in a civil society: property law, tort law, contract law, and criminal law. The course also explores the role of the state in creating and enforcing a body of law that promotes economic growth and development.

ECON 30250 Economic History from an Empirical Perspective (3 Credit Hours)

This class will consider a diverse set of topics in economic history. The focus of the class will be on "Cliometrics" or how economists use statistics and statistical models to answer important questions in the discipline. The topics will range from the rapid decline in mortality since the 1850s, the role of health in development, the rise of financial markets and the institution of the Federal Reserve System, the Depression and the New Deal, and the importance of institutions for economic development.

ECON 30260 Justice Seminar (3 Credit Hours)

An examination of major theories of justice, both ancient and modern. Readings include representatives of liberal theorists of right, such as John Rawls, as well as perfectionist alternatives. The course also serves as the core seminar for the philosophy, politics, and economics concentration.

Satisfies the following University Core Requirements: WKIN - Core Integration, WKSP - Core 2nd Philosophy

ECON 30330 Statistics for Economics (3 Credit Hours)

This course seeks to introduce the student to the principles of probability and statistical theory appropriate for the study of economics. The emphasis of the course will be on hypothesis testing and regression analysis.

Prerequisites: ECON 10010 or ECON 10091 or ECON 20010 or ECON 10011 or ECON 20011

Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning

Enrollment limited to students in the Economics department.

ECON 30331 Econometrics (3 Credit Hours)

Provides students with an understanding of when and how to use basic econometric methods in their work as an economists, including the ability to recognize which econometric technique is appropriate in a given situation as well as what explicit and implicit assumptions are being made using the method. Topics covered include estimation and hypothesis testing using basic regression analysis, problems with basic regression analysis, alternative econometric methods, limited dependent variables, and simultaneous equation models.

Prerequisites: (ECON 30330 or BAMG 20100) or ACMS 10150 or ACMS 20340 or ACMS 30440 or ACMS 30540 or MATH 30540 or BAMG 20150 or ACMS 30600 or BIOS 40411 or ITAO 20200

Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning

ECON 30335 Introduction to Linear Regress (1 Credit Hour)

This class is a supplement to Statistics courses that do not cover linear regression which is a necessary prerequisite for Econometrics. The course provides an introduction to linear regression models focusing on parameter estimation, hypothesis testing, goodness of fit, and estimation issues that arise in using economic data. Students will also be introduced to the use of econometric software.

ECON 30340 Statistics for Economics (4 Credit Hours)

Corequisites: ECON 32340

Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning

ECON 30341 Econometrics (4 Credit Hours)

Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning

ECON 30354 Financial Economics (3 Credit Hours)

This course introduces students to the types of securities that exist, the markets in which they trade and the decisions faced by households who demand assets (portfolio theory) and the firm that supply them (corporate finance).

ECON 30365 Money, Banking, & Mortgage Markets (3 Credit Hours)

This course is on the economics of money, banking, and mortgage markets, and aims to provide an overview of the role of money, financial markets, and financial institutions in the economy, with special emphasis and study on the importance and operation of real estate and mortgage markets. Topics include the use and evolution of money, the behavior of bond markets and debt instruments, the importance of interest rates, the operations and role of commercial banks, the development of real estate capital markets, international financial and real estate markets, banking and financial crises, as well as financial regulation.

ECON 30400 Labor Economics (3 Credit Hours)

A survey course covering the economics of employment and unemployment; wages and income distribution; poverty, education and discrimination; unions and labor and industrial relations systems; and comparative labor systems.

Prerequisites: (ECON 10010 or ECON 10011 or ECON 20010 or ECON 20011) and (ECON 10020 or ECON 20010)

ECON 30401 Economics of Education (3 Credit Hours)

This course combines economic theory and methods to study the production and delivery of education. We will apply economic principles to understand the rationale for particular education approaches, policies, and programs and use an economic lens to explore their potential impact. We will also learn about applying analytic tools to examine the effects of schooling as well as specific education interventions and reforms. Students will read empirical research and will practice being critical consumers of policy arguments and research findings. They will also complete problem sets and writing assignments with the goals of 1) using economic principles to inform policy debates about education investments, 2) employing evidence to evaluate the impact of education policies and programs, and 3) developing skills in conducting original research on education. Substantive topics will span early childhood education, K-12 schooling, and higher education with a focus on the role of incentives, prices, and markets throughout. The course will explore teacher labor markets and teacher effectiveness, school choice, and accountability, and will include discussion of international contexts.

Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011

ECON 30433 Economics of Immigration (3 Credit Hours)

This course examines why some individuals decide to become immigrants through a cost benefit analysis, viewing migration as an investment in human capital. It addresses the selection among immigrants and how they integrate and assimilate in the destination country. Primary focus is given to the labor market, wages in particular, both of immigrants and of natives in the host country. A distinction is made between economic migrants and refugees and discrimination in its varied forms is also studied. The fiscal impact of immigration is discussed along with immigration policy in a global context. Statistics recommended but not required.

Prerequisites: (ECON 10010 or ECON 10011 or ECON 20010 or ECON 20011 or ECON 10091) and (ECON 10020 (may be taken concurrently) or ECON 20020 (may be taken concurrently) or ECON 10092 (may be taken concurrently) or FIN 30220 (may be taken concurrently) or ECON 14022 (may be taken concurrently) or ECON 24022 (may be taken concurrently))

ECON 30450 Data Analytics and Economic Evaluation for Social Impact (3 Credit Hours)

This course will demonstrate how tools from economics and data science can be used to address pressing social challenges. Emphasis will be placed on using applied microeconomics methods (e.g., causal inference), basic theory, and machine learning (prediction) to design and evaluate programs to alleviate poverty and increase human capital. Students will receive hands-on experience in developing a research project.

ECON 30500 The Economics of Poverty (3 Credit Hours)

In this course, students will learn about what poverty is, how it is measured, and how it is alleviated. Students will engage with economic theory and will read empirical research on poverty as it relates to housing, education, health, criminal justice, and economic mobility. We will address poverty and anti-poverty policy both in the United States and abroad.

ECON 30501 Evidence Based Poverty Alleviation Enriching Experience (1 Credit Hour)

In this one credit-hour course, economics majors in the Evidence-based Poverty Alleviation Concentration (EBPAC) will attend seminars with researchers and practitioners who work on topics related to poverty and anti-poverty policy. The course is intended to expand students’ understanding of what anti-poverty research looks like in practice and expose them to the wide variety of careers available in the anti-poverty space.

ECON 30502 Evidence Based Poverty Alleviation Immersive Learning Experience (1 Credit Hour)

This one credit-hour experiential learning course offers students a unique opportunity to engage directly with real-world efforts to combat poverty. Held during fall or spring break, the course includes travel to one of two destinations: students may visit social service providers at various locations across the United States partnered with the Wilson Sheehan Lab for Economic Opportunities (LEO) to observe ongoing anti-poverty research, or travel to Washington, DC to explore how evidence-based policies are developed and implemented at the federal level. The course includes a mandatory pre-travel meeting to provide context and prepare students for the experience, as well as a post-travel paper to encourage critical thinking and integration of insights gained during the trip.

ECON 30531 Environmental Economics and Policy (3 Credit Hours)

An introduction to the economics of the environment and natural resources. Topics include externalities, market failure, cost-benefit and contingent valuation analyses, climate change, and public policies related to environmental and natural resources

Prerequisites: (ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011) and (ECON 20020 or ECON 10020 or ECON 10092)

ECON 30532 Economics of Housing (3 Credit Hours)

An introduction to the economics of housing, with particular attention to issues of homelessness and the low-income housing market. Topics includes economic models of homelessness, housing subsidies and regulations, housing market filtering, concentrated poverty and neighborhoods effects, and public policy responses to housing problems.

ECON 30533 Climate Change and sustainability via Economic and Business Ethics Lenses (3 Credit Hours)

Reflecting an integration of key considerations from the disciplines of Economics and Business Ethics, the course will allow students the opportunity to examine the complexities of climate change, public policy, environmental and social sustainability, and impacts on global economies and communities. Analyzing the implications of the grand challenge of climate change requires integration of substantive understanding of foundational concepts from multiple perspectives. Economics will provide the foundation of knowledge of labor market structure, market failures such as externalities, taxation, migration decisions, discrimination, and income inequality measures. The management approach will address the organizational and societal dimensions of effective and ethical business. Topics will include climate change; resilience and its measures; climate change-driven migration around the world and its impacts on labor markets and the business environment; ethical frameworks for guiding business; stakeholder analysis; environmental justice and the disproportionate effects on communities by socio-economic status, race and gender; and regulation and international agreements.

Satisfies the following University Core Requirements: WKIN - Core Integration

ECON 30535 Urban Economics (3 Credit Hours)

This course provides an introduction to urban economics, focusing on both contemporary and historical issues in the United States. Topics include location decisions of households and firms, agglomeration economies, housing and zoning policy, suburbanization, local governments, and segregation. Students will use economic models, data analysis, and academic articles to study these topics.

Prerequisites: ECON 10010 or ECON 10011 or ECON 10091 or ECON 20010 or ECON 20011 or ECON 14100 or ECON 14101

ECON 30541 Public Economics (3 Credit Hours)

A belief in efficient markets leaves little room for government economic activities other than the establishment and enforcement of property rights and the redistribution of income to promote social justice. Yet free markets are known in certain situation to fail to achieve an efficient allocation of goods and resources in a society. The first half of the course will examine the conditions when markets can be expected to fail and the alternative policies that governments could follow to promote social welfare. Governments like markets can also fail to adopt policies that efficiently address social problems. In the first half of the course we will also address problems in collective decision-making that can lead to government failures. The second half of the course will be devoted to examining applications of these theories to real world problems. In each of these areas, we will ask how can we justify government intervention; how has the government decided how to intervene; what are the impact of the intervention on economic outcomes; and what alternative interventions should be considered to improve outcomes. The policy areas we will examine will vary from year to year but in the past have been are the formation of a market for body parts (kidneys); sugar subsidies; student loan programs; unemployment insurance; nutritional and housing assistance programs; infrastructure; and guaranteed income programs.

Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011

Enrollment is limited to students with a program in Economics.

ECON 30565 Health Economics (3 Credit Hours)

This course examines how economic analysis can be applied to various components of the health care system. Microeconomic theory is used to understand the operation of health care markets and the behavior of participants (consumers, insurers, physicians, and hospitals) in the health care industry. International comparisons and the role of the public sector are discussed.

Prerequisites: (ECON 30330 or ECON 30340 or BAMG 20150 or BIOS 40411 or ITAO 20200 or PSY 30100 or MATH 30530 or MATH 30540 or ACMS 10150 or ACMS 20340 or ACMS 30440 or ACMS 30530 or ACMS 30540 or ACMS 30600 or ECON 30335) and (ECON 10010 or ECON 10011 or ECON 10091 or ECON 20010 or ECON 20011)

ECON 30700 International Economics (3 Credit Hours)

Understanding the complex ways economies are linked to each other through the flow of goods,services, and assets is increasingly important in this era of globalization. This course introduces students to basic models in international trade and international macroeconomics, building on their knowledge of the principles of micro- and macroeconomics. Among the topics covered are the sources of gains from trade, the impact of globalization on wages, the welfare effects and political economy of trade policy, the determinants of the current account, the role of the exchange rate in adjustment to economic shocks, and the effectiveness of monetary and fiscal policy in open economies. Assignments will include problem sets as well as empirical exercises, which provide an opportunity for students to improve their skills in handling economic data.

Prerequisites: (ECON 10101 ECON 10010 or ECON 10011 or ECON 20010 or ECON 20011

ECON 30750 The Chinese Economy (3 Credit Hours)

In 1600, China was the richest country in the world. In 1978, China’s economy accounted for just a trivial amount of world GDP. It was agricultural, backwards, and dirt-poor. Today, its economy is second only to the U.S. The major theme for the course is to develop an understanding of these transitions and prospects for the future. Since the 1950s, society and economy have operated under a central plan. Economic and social policies have allowed Chinese people to build the world’s second largest economy. The speed and the extent of this transition for a country of this size is an economic miracle and unprecedented in history. The economic impact on human welfare has been remarkable, raising millions out of extreme poverty. China’s economic system operates under the heavy hand of an authoritarian government, run by the Chinese Communist Party (CCP). Economic policy decisions often reflect political reasons. Implementation and focus vary by the CCP leadership. The heavy hand of the state in economic affairs sharply contrasts with the American system. Questions we will seek to answer include: (1) Why was China so poor in 1978? (2) How and why did the economy take off? (3) How does the China economic miracle fit within accepted economic theory? (4) Is China’s economic development and growth sustainable?

ECON 30801 Poverty in the Developing World (3 Credit Hours)

This class provides an introduction to the world of development policy in the face of massive and persistent world poverty. It focuses on the important tools and concepts required for both understand and create policy aimed at combatting challenges posed by third-world poverty. This includes understanding when it is proper to intervene in markets, along with the role of non-governmental organizations (NGOs) and government institutions.

Prerequisites: ECON 10010 or ECON 10011 or ECON 20010 or ECON 20011 and ECON 10020 or ECON 20020

ECON 30856 Global Health Policy (3 Credit Hours)

This course is designed as an introduction to health issues in low and middle-income countries (LMICs). We will focus on empirical applications of microeconomic theory in health policy in LMICs. The main question will be: what can be done to help the world's poor to improve their health? The first part of the course will examine the relationship between health and development. The second part will cover these specific areas: Maternal and child health, Disease burden and Environmental concern.

Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011

ECON 30857 Global Health Econ and Policy (3 Credit Hours)

This course examines current health policy issues and disease burdens in low-and middle-income countries from an economic perspective. Topics may vary but are likely to include the relationship between health and economic development, child and maternal health, the need for financial risk protection against health shocks, social determinants of health inequities, the control of malaria, the relationship between fetal and early-child conditions on human capital, and other related topics. There will be a strong focus on interpreting the relevant empirical literature. The course will approach these issues from a microeconomics perspective and will analyze economic behavior at the micro-level i.e. individual and household. The course will also discuss program evaluation techniques to understand which health policy works in the real-world.

ECON 30858 The Digital Economy - The economics of "Big Tech" (3 Credit Hours)

In this course, we will study the novel challenges of the digital economy. The course will begin with economic concepts and issues related to the network industry structure, in particular market power analysis and the appropriate regulatory and antitrust responses. Policy issues related to net neutrality, network access and the "digital divide" will form the next segment of the course. The exchange of personal information for access to "free" networks will then be examined from both an economic and policy perspective. We will conclude by comparing and constrasting various international approaches to the digital economy.

Prerequisites: (ECON 10010 or ECON 10011 or ECON 10091 or ECON 14100 or ECON 14101 or ECON 20010 or ECON 20011) and (ECON 10020 or ECON 10092 or ECON 14022 or ECON 20020 or ECON 24020 or ECON 24021 or ECON 24022)

ECON 32340 Stats for Economics Tutorial (0 Credit Hours)

Tutorial for Statistics for Economics (ECON 30340).

Corequisites: ECON 30340

ECON 32341 Econometrics Tutorial (0 Credit Hours)

Tutorial for Econometrics (ECON 30341).

ECON 33150 Introduction to Economics and Catholic Thought (3 Credit Hours)

This course is the seminar version of 30150. In this course we will discuss the relationship between economics and Catholic social teaching. We will learn about key principles in Catholic social thought, read key Papal encyclicals and other writings. We will then discuss key economic concepts and empirical facts known from the field of economics, and how these relate to Catholic social teaching. Finally, we will apply these ideas to discussions on labor, capital, finance, the environment, globalization, and development

Prerequisites: ECON 10010 or ECON 10091 or ECON 14100 or ECON 10011 or ECON 20010 or ECON 20011 or ECON 10020 or ECON 10092 or ECON 14022 or ECON 20020 or ECON 14101 or ECON 24020 or ECON 24022

Satisfies the following University Core Requirements: WKCD-Core Cathol & Disciplines, WRIT - Writing Intensive

Enrollment is limited to students with a program in Economics.

ECON 33151 God and the Economy (3 Credit Hours)

Is it possible to understand economic patterns as part of God's plan? Students will read the holy scriptures, Thomas Aquinas, and papal encyclicals, and learn to connect the best theological thinking with the most foundational experiments, empirical research, and principles from the field of economics. The aim is for students to learn to synthesize faith and reason in the study of economic order.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 33250 Justice Seminar (3 Credit Hours)

Satisfies the following University Core Requirements: WKIN - Core Integration, WKSP - Core 2nd Philosophy

Enrollment is limited to students with a program in Economics.

ECON 33450 Data Analytics and Economic Evaluation for Social Impact (3 Credit Hours)

Economics and data science are powerful tools that can improve people’s lives. This course will equip you to: (1) describe data, (2) use machine learning to predict the future, (3) establish cause and effect, and (4) address pressing social challenges using economic frameworks. There will be an emphasis on critical thinking – including the strengths and limitations of impact evaluation – and communicating research findings effectively with stakeholders. The course will feature guest speakers from public policy, tech, and economics. Focus areas will include: poverty alleviation, child protection, upward mobility, human-algorithm interaction, sports and culture, and other topics of student interest. Students will develop and present their own research project during the semester. Basic applied statistics background is recommended but can be waived with permission. This course is ideal for students hoping to see the big picture of an economics major, those in other disciplines passionate about the intersection of data analysis and social challenges, and those hoping to gain perspective on high-impact career opportunities.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 33580 Sports Economics (3 Credit Hours)

This course is on the economics of sports, and aims to use economic principles, theories, and tools to analyze the organization of the sports industry and sports markets, the activities of professional and amateur athletes, the effects of sports on the broader economy, and strategic behavior in sports settings. Topics include the industrial organization of professional sports leagues, the labor economics and labor markets in both professional and amateur sports, the public economics and politics of the funding of sports, the economic impact of the sports industry, as well as the application of microeconomic theory to strategic decision-making in sports.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 33805 Health and Education in Developing Countries (3 Credit Hours)

This course focuses on applied micro-economic issues related to health and education in developing countries and gives particular attention to empirical analysis, research methods in program evaluation and writing an original economics research paper. The class alternates between lectures and computer lab work. In lecture, we discuss new ideas or concepts and the assigned readings. The classroom labs help students apply the concepts from readings and lecture to actual data using Stata. The major focus of the topics in the class is human capital – ie. Health and education, particularly in poor settings.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 34005 Introduction to Economics (3 Credit Hours)

"This course covers the following categories: -Theory of the Firm- -Consumer Theory, Preference and Utility Function -Optimisation -Game Thoery -Mean-Variance Theory -Growth Theory "

ECON 34020 Macroeconomics (3-8 Credit Hours)

To be provided by OIS

ECON 34026 Principles of Macroeconomics (3 Credit Hours)

An introduction to the basic principles of the macro economy, such as national income accounting, determination of national income, business cyles, inflation, unemployment, fiscal and monetary policy, macroeconomics in the open economy, and economic growth.

Satisfies the following University Core Requirements: WKSS - Core Social Science

ECON 34027 Macroeconomics (3 Credit Hours)

In this introductory course to macroeconomic theory and policy analysis, we will introduce the ways economists look at economy from an "aggregate" perspective. We will start by introducing key macro variables that measure aggregate economic performance. The relationship among these key variables will then be studied under three time frames: the short run, the medium run, and the long run.

ECON 34035 Advanced Economics (3 Credit Hours)

This course is the capstone course in the economics major at UNDA. It introduces the students to the leading theoretical models deployed in the discipline of economics. Both microeconomic and macroeconomic models are considered. Introductory economics, intermediate microeconomics and intermediate macroeconomics are pre-requisites.

ECON 34040 Game Theory and Strategic Decisions (3 Credit Hours)

Upon completion of this course, students will be able to understand the assumptions and components of game theory in order to analyze the way in which game theory can be adapted to real-life situations when two or more people relate and conflict situations are created.

ECON 34051 Game Theory (3 Credit Hours)

Situations in which the outcome of your own decisions depends also upon what others do are pervasive in everyday life. Game Theory focuses on the study of strategic interactions, which occur if the payoff (e.g., utility or profit) to an agent depends not only on her own decisions but also on the decisions made by others. In the presence of strategic interactions, choosing an ‘optimal' course of action requires taking other agents' behavior and beliefs into account. This is an introductory course in Game Theory which develops the basic tools and concepts necessary to analyze such interactions and understand how rational agents should behave in strategic situations. In recent years, game theoretic methods have become central to the study of networks (e.g, financial networks) and social interactions. In this course they are used to analyze such economic and political issues as oligopoly, the problem of the commons, auctions, bank runs, collusion and cartels, the conduct of monetary policy, bargaining, global warming, competition among political parties, arms races, negotiations and conflict resolution (e.g., contested resources and territorial disputes). Emphasis is placed on applications, practical understanding and a tools-oriented approach. The topics will be presented through a combination of abstract theory and many applied examples.

ECON 34052 Game Theory (4 Credit Hours)

ECON 34060 Microeconomics: Information, Design, and Institutions (5 Credit Hours)

This course studies the design of institutions that optimally cope with fundamental, longstanding economic questions (allocation of private goods, public good provision, externalities). We start from a simple, institution-free description of each question, try to understand the basic tensions at work (for example environmental externalities), and derive institutions that optimally address these tensions (for instance systems of permits or taxes). In the process, we introduce the important ideas of social choice, game theory, and market design. We will shed light on the theoretical concepts using empirical applications and in class games.

ECON 34070 Incentives, Contracts and Markets (5 Credit Hours)

Incentives, Contracts and Markets is a contract theory course which uses microeconomic techniques to explore the tradeoffs in labour and insurance markets.

ECON 34080 Innovation Economics (5 Credit Hours)

Innovation is an economic problem because it depends on the active choices of agents who respond to incentives. It is well established now that innovation is central to economic growth and corporate performance. It is widely believed that in the long-run companies can only survive by continuous innovation. Understanding the interaction between innovation and different market structures, effects of public policy, and patent data and metrics is a key asset in any business. Yet innovation is a complex phenomenon that is associated with many inter-related market failures, and gives rise to fundamental theoretical and practical problems and questions: i) What is the role of patents and other forms of protection of intellectual property in promoting innovation? ii) What is the link between innovation and competition? Is a very tough competitive environment bad for innovation? Or is competition just what firms need to spur them on to innovate? iii) Many governments now promote cooperation between firms as a way of generating more innovation. Is this desirable? iv) What are the economic merits of prize contests in spurring innovation to solve problems like climate change? These issues are not just of academic interest and importance but of very real practical and policy interest. If we are to make progress on these issues, we need clear and rigorous analysis.

ECON 34110 Economics and Space (3 Credit Hours)

This module is an introductory course in Economic Geography that explores the contemporary insights provided by geographers researching various dimensions of economy and space. The module will present a case for the importance of geographical insights, in which economic processes are seen as embedded in particular places, in which patterns and flows of economic activity across space are recognised and explained, and in which economic spaces and scales are themselves treated as representations and social constructions. These distinctively geographical sensibilities stand in stark contrast to the popular conceptions and assumptions in economic thinking that often distort our understandings of economic lives and landscapes. You will thus be introduced to Economic Geography not as a dry discipline but as a vibrant and distinctive collection of insights into the real world around you. Based on a higly acclaimed textbook written by current and past NUS geographers, the module is designed to appeal to students who are coming to Economic Geography for the first time, while also offering depth to those more familiar with the field. In terms of style, each lecture will: (1) Be structured around debating a single question designed to stimulate your interest and curiosity; (2) Make a clear argument as to the particular insight brought to the topic in question from an economic-geographical perspective; (3) Engage with theoretical ideas and concepts; (4) Illustrate these ideas with examples, vignettes, and case studies drawn from around the world, and from a variety of economic sectors.

ECON 34120 Culturenomics: The Economics of Art, Music, & Culture (3 Credit Hours)

This course is on the economics of art, music, & culture, and aims to use economic principles, theories, and tools to analyze key topics in cultural economics, using the city of Vienna, Austria as the classroom for an integrated and immersive experience. Topics include the organization and characteristics of art markets; cultural districts and their role in urban economic development; the economic impact of arts and culture; cultural capital and heritage; artist labor markets, artistic careers, creativity, and production; the economics of museums, performing arts, and festivals; as well as the role of economic policy in arts and culture.

ECON 34140 Economics as a Social Science (4 Credit Hours)

This unit explores different views about the economy, the role of government, policies, and the causes, social and political aspects of economic events. You are introduced to the principal schools of economic thought -Classical, Marxian, Institutional, Neoclassical, Keynesian and Contemporary Political Economy. You will learn to apply these different perspectives to a political economy analysis of contemporary issues like climate change, social protest, the gig economy, wage theft, and global health pandemics. You will study the analytical focus, core concepts and insights of the different schools of economic thought within the context of the historical development of capitalist economies.

ECON 34150 The History of Australian Economics (3 Credit Hours)

This course aims to acquaint students with key developments in the history of Austrian economics. It begins by considering the wider intellectual climate in which the ideas of Austrian economists emerged in the late nineteenth century. It then examines in more detail the economic thought and economic policy prescriptions of leading Austrian economists in the late nineteenth and twentieth centuries, including Carl Menger, Eugene von Böhm Bawerk, Friedrich Wieser, Joseph Schumpeter and Friedrich von Hayek. The ideas of prominent economists who embraced the Austrian tradition, such as Knut Wicksell and Lionel Robbins, will also be canvassed. The final section of the course considers more recent developments associated with the so-called Austro-American school as an alternative way of understanding the operation of the market economy.

ECON 34155 Economic History: From Middle Ages to WWII (3 Credit Hours)

This is a one semester on European economic history from medieval times until the mid-twentieth century. It aims to focus on the large topics of economic history: the pre-industrial world, the sources and nature of the industrial revolution, the integration of the world economy in the nineteenth century and its disintegration in the first half of the twentieth.

ECON 34156 Descriptive Economy (3 Credit Hours)

After an overview of national accounts centered on the circulation of income in the economy national level, the course reports on household consumption behavior and business investment in France over the last 30 years. It tries, by mobilizing theoretical approaches and empirical studies, to identify the factors that appear to best determine these behaviors and then show how they are responsible, to a large extent, for the often sluggish growth of GDP in France.

ECON 34160 Economic History of Chile (3 Credit Hours)

The course discusses significant economic topics using the Chilean experience as a reference. To do this, it uses concepts studied in previous courses and introduces new theoretical elements. It is an economics course that uses history as an application, rather than a history course that uses economics. It is understood that it is a look from or with the economic methodology taking advantage of the fact that the student has introductory training in microeconomics and macroeconomics. For this reason, the treatment of each theme considers a theoretical discussion to then address the experiences themselves. In short, the course combines theory and applications.

ECON 34165 Economic History of the US (2 Credit Hours)

This lecture-based course introduces the economic history of the United States and its historical transformations. It focuses on businesses as institutions and their interactions with American society and politics. The course aims to analyze the role of businesses in U.S. society, the tensions they embody, and how they have evolved historically.

ECON 34210 Political Economy (2-3 Credit Hours)

This model investigates how the tools of economics have been used to understand the workings of democratic political systems. It examines: - What policies are adopted by politicians/parties - How much effort and/or money is expended by politicians to get elected - Why do people donate to politicians and whether this is beneficial or corrupting in the democratic process These issues will be examined both theoretically and through an examination of the empirical evidence. PM ECO 005 description: Purpose: That students understand the basics of the interaction between economic agents and how political decisions pertaining to them are made by starting with the study of micro to better understand the operation of macroeconomics. TJ - Tokyo, Japan: In an era of economic globalization, virtually all economic issues have an international dimension. Yet unlike domestic economies with their established regulatory frameworks, there exists no supranational authority capable of effectively coordinating and regulating the global economy. This course explores crucial questions: What key challenges confront the global economy? How have nations, international organizations, and non-state actors addressed transnational economic issues? Through an examination of both historical developments and contemporary issues in International Political Economy (IPE), students will analyze major themes including economic interdependence, global governance, and power dynamics in the international system. Key topics include trade liberalization and protectionism, international investments, global financial management, economic development, and the intersection between economic policies and national security. Special attention will be given to the US-China strategic competition and its economic implications, as well as the rise of populism and its effects on international economic cooperation. While primarily lecture-based, the course requires each student to deliver one in-class presentation on a topic pertinent to international political economy during the semester. Specific presentation requirements will be determined based on final class enrollment.

ECON 34275 Economics and Society (3 Credit Hours)

This module is about applying economics to understand the world around you. We do not assume that students have previously taken economics. The focus is on applying economics to understand a wide range of interesting social and global issues. In recent years, topics that we have discussed have included international trade, inequality and poverty, the role of government in the economy, the causes and consequences of the euro crisis and Ireland's recent recession.

Satisfies the following University Core Requirements: WKSS - Core Social Science

ECON 34333 Advanced Econometrics (5 Credit Hours)

This course covers the following topics: Frisch Lovell Theorem, Properties of OLS, Non-spherical disturbances, Instrumental variables, Univariate time-series, Stationary VAR, and Cointegration (single equation and VAR)

ECON 34337 R for Economists (3 Credit Hours)

The purpose of the course is to introduce you to data analysis using the powerful and increasingly popular R language. The hope is that by the end you will have learned enough to carry out basic statistical projects. The course will fall roughly into three parts. The first will be how to enter and manipulate data in R. The second is how to present data and results graphically. The third part is In effect an applied econometrics module where we will run through a variety of useful techniques, showing how they can be computed in R. Alongside traditional regression techniques we will devote some time to machine learning. The emphasis throughout the course will be on taking real world data and figuring out how to analyse it in a sensible way and how to present the results of our analysis in an easily understandable way.

ECON 34339 Methods of Economic Statistics (2.5,3 Credit Hours)

This course covers basic statistical concepts and their applications. Major topics include: descriptive statistics; probability distributions; sampling; estimation; hypoth- esis testing; regression and correlation analysis. Students should have knowledge of elementary differential and integral calculus, and are advised to take ECON1111 be- fore taking this course. Upon successful completion of this course, students should demonstrate their mas- tery of the basic knowledge of statistical concepts and techniques, develop their sta- tistical thinking and reasoning skills, and feel comfortable in applying the statistical techniques and thinking in analyzing data.

Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning

ECON 34350 Financial Institutions and Capital Markets (3 Credit Hours)

This course covers the structure and role of financial markets and institutions such as commercial banking, investment banking, and major equity, debt, and derivative markets and includes discussion of management, performance, and regulatory aspects. The course also examines the functions of central banks and monetary policy for these financial markets and institutions. Case studies and real life examples are also disseminated throughout the course to allow students the additional exploration of national and international implications of financial markets, including those concerning credit crisis, their causes, and the likely reverberations and regulatory reforms.

ECON 34355 Money and Banking I (2,3 Credit Hours)

The main objective of this course is to analyse a range of contemporary issues around the future of money, Fintech versus traditional banking, and central banking. We also explore recent financial innovations such as cryptocurrencies and DeFi. We will explore current issues as they arise in online financial media and websites.

ECON 34360 Money and Banking (3 Credit Hours)

A study of the economics of money, banking and financial markets in today's international marketplace. Major topics include both micro and macro analyses of financial markets and institutions, determination of interest rates and exchange rates, and monetary policy in both a domestic and international context.

ECON 34365 Topics on the History of Money and Banking in the US (3 Credit Hours)

This course covers the development and evolution of the banking and monetary system in the United States from colonial times to modern day. This course not only covers relevant how the monetary system in the US functions today, but how it developed over time by covering important time periods and crises in the past that helped shaped the system today. These include the creation and liquidation of the First and Second Bank of the United States, the Free Banking Era, the post-Civil War dual banking system, bimetallism and the free silver movement, the major U.S. banking panics including the panic of 1907, the foundation of the Federal Reserve System, the Great Depression, and the Financial Crisis of 2007-08. This course is instructed in English.

ECON 34366 Financial Economics (2.5-3 Credit Hours)

At UCD: This module aims to describe and understand financial crises from the seventeenth century until the twenty-first. It combines therefore a mix of economic history with financial economics and macroeconomics. As well as stock market crashes and bank collapses, the course will consider more slowly unfolding episodes such as the gold standard during the inter-war period and the similar Eurozone crisis since 2008. In Singapore: This module is an introduction to financial economics and investments. The module consists of two main parts. The first part covers portfolio theory, starting from common measures of risk and return, the historical returns of different investment options such as stocks and bonds over different investment horizons, the benefit of diversification, the decomposition of risk into diversifiable and nondiversifiable risks, the market portfolio (including mutual funds and index funds) and ending with the Capital Asset Pricing Model (CAPM) and a multifactor model of risks. We will discuss how CAPM can be used to price any risky investment or to estimate the equity cost of capital. The second part covers valuation models of bonds and fixed income securities (including perpetuity and annuity), and derivative securities such as options that derive their value from some underlying securities. In the second part, we will cover models and concepts such as arbitrage, leverage, yield to maturity, the term structure of interest rates or yield curve, duration and convexity (and how to use these to manage interest rate risk), the Black-Scholes model, binomial option pricing model, and risk neutral valuation. We will discuss how to use these financial instruments to hedge or reduce risk. At NUIG: This module provides an introduction to financial economics, with an emphasis on combining knowledge of real world financial markets and data, with economic theory, and with analytical statistical methods, to value financial instruments and analyse portfolios.

ECON 34367 Economics of the EU (2.5-3 Credit Hours)

The European Union (EU) as we know it has been formed by three creative processes - deepening of the integration, enlargement of the EU, and economic transformation in former socialist countries. In this course, after introducing those processes and some theoretical background, different EU economic policies will be thoroughly analyzed. Considering that the participants are American undergraduates, this course will systematically compare and contrast the EU and its role in the world with the USA. Preliminary knowledge of principles of microeconomics is strongly recommended, but all necessary theoretical concepts are briefly summarized as part of this course.

ECON 34372 Financial Crisis and Monetary Systems (3 Credit Hours)

How does our monetary system work, what does a central bank do and what causes financial crises? These and other questions will be dealt with in the lecture series "Financial Crises and Monetary Systems." Against the backdrop of the worldwide call for more pluralism in economics, this course will become the fifth in the 2019 summer semester It is organized by students of the academic initiative "Critical Economists FU Berlin" and will be held this semester under the direction of Prof. Dr. med. Barbara Fritz.

ECON 34390 Investment Analysis (3 Credit Hours)

This module analyses, at both a practical and theoretical level, the process of investment in financial markets. Its aims are to introduce students to the various types of financial instruments in common use, to the economic theories that explain how they are priced, to the risks factors which affect their pricing and to the markets in which they are traded. The types of securities considered include interest-bearing securities and derivatives (options, futures, etc.). Students are also required to complete a project involving the collection and analysis of financial data.

ECON 34401 Economics of Education (5 Credit Hours)

This is a course that focuses on modern economic research about education. We learn about important economic models relating to education, we read applied microeconomic papers about the economics of education, and we review important econometric methods.

ECON 34433 Economics of Immigration (3-5 Credit Hours)

Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011

ECON 34435 Migration from Central America (3 Credit Hours)

This course focuses on studying the causes and consequences of migration from and through Central America. It addresses issues of climate change and sustainability, such as food insecurity, flooding and hurricanes, disease outbreaks, ethnic-based inequalities, as well as violence in the region with a particular focus on policy solutions and mitigation and adaptation responses to climate change. It explores the role of economic development and public policy, the role of businesses and social corporate responsibility, and the implications of undocumented migration to neighboring countries and to the United States.

ECON 34444 Labor Economics (3,5 Credit Hours)

Aims The module aims to build upon material introduced at Levels 1 and 2 in order to develop an understanding of some of the principal issues in modern labour economics, while providing opportunities to practise and develop a range of key skills. Content Topics are likely to include: The demand and supply for labour Models of trade union determination Minimum wages Worker participation Job search and unemployment Human capital and information Compensating differentials Discrimination in the labour market Incentives, labour effort and pay Learning Outcomes Subject-specific Knowledge: On completion of the module, students should be able to demonstrate knowledge and understanding of key aspects of modern labour economics, drawing on relevant theory and empirical evidence. Subject-specific Skills: On completion of the module, students should be able to apply the tools of economic analysis to selected issues in labour market policy SK ECO 3106 description: A course focused on understanding Labor Economics Theory. The course introduces theory, practices it using empirical data, and then applies this knowledge to labor market policy.

ECON 34445 Personnel Economics (5 Credit Hours)

This course focuses on the economic tradeoffs associated with the hiring of workers and the establishment of contracts between two entities. We read applied papers, we learn about important economic models, and we review econometric methods.

ECON 34500 Economics and Philosophy (3 Credit Hours)

IC - University of Galway Ireland: Economics has its origins in moral philosophy. An understanding of the interrelationships between economics and philosophy is essential if one seeks to appreciate the foundations of economics and the contribution formal methods from economics can make to philosophy. The module covers some central topics of decision theory, and some of welfare economics and social choice. Some of the more technical topics will employ mathematical reasoning.

ECON 34502 Economics of Policy Issues (3 Credit Hours)

This module will provide an introduction to, and survey of, the theory of welfare economics. We will examine the broad philosophical and legal basis of a market economy, paying particular attention to the issues of property rights and the rule of law. We will then explore in some details the issue of collective benefits arising from public goods, highlighting the information problem associated with the optimal provision of such goods. This will be followed by a detailed discussion of externalities, where, among other things, we will study the different ways in which they are addressed: private solutions, public policy, and prohibition of markets.

ECON 34503 Theory of Economic Policy (2 Credit Hours)

In this course we learn about economic policy issues under globalization and changes in economic structures. We learn the historical and institutional background of each country's economy and society.

ECON 34504 Global Economic History (1.5-2 Credit Hours)

In this class we learn about economic history; specifically the origin and growth of global economy.

ECON 34505 Economics of Poverty (3 Credit Hours)

This course is designed for anyone interested in the challenge of massive and persistent world poverty. The course uses analytical tools from economics to study the determinants and the different dimensions of poverty. We will discuss the causes of poverty differences across countries, the measurement of poverty and inequality, the logic behind poverty traps and cash transfers, and the determinants of economic decision-making among poor households. What constraints do the poor face in their daily lives? What can governments do to eradicate poverty? Why do some policies against poverty succeed while others do not? While answering each of these questions, we will explore the various dimensions of the economic lives of the poor, including health and nutrition, education, access to credit and insurance, land markets and inequality, rural/urban migration, and gender inequality. Throughout the course, we will also study examples of actual policy interventions designed to reduce poverty, as well as the methods used to evaluate their impact.

ECON 34506 Global Economy and Overseas Exchange Seminar A (2 Credit Hours)

This course develops the practical skills of students and foster global leaders, in line with the internationalization strategy of the faculty of economics.

ECON 34507 Geopolitical Economy of Development (2 Credit Hours)

This course examines economic crises by situating these within the capitalist imperatives toward the pursuit of profit and the continuous expansion of production through recapitalization and reinvestment.

ECON 34525 Public Finance (2.5,4 Credit Hours)

In this course, we will review the main ideas contained in the financial theory that have been generated over time, through the study of different authors. We'll identify different trends and currents to understand why all economic systems work in different ways. We'll analyze the role of the market and government, theory of public expense, taxes' impact on the economy, public debt, and pensions. SY - Sydney, Australia: The unit covers a wide range of public finance topics including: welfare economics and the role of government in the economy, tax incidence, efficient and equitable taxation, the Australian system of revenue raising, issues of tax reform and the theory and practice of public utility pricing. It also focuses on the expenditure side of the government budget: public goods, externalities, and programs aimed at redistribution, while introducing techniques of policy evaluation.

ECON 34526 Public Economics (3-5 Credit Hours)

This module will apply microeconomic reasoning to the study of the public sector. It will survey the scope and different modes of public intervention in the economy, with particular emphasis on the welfare state and income redistribution. It will discuss the provision and financing of public and private goods and the design of tax systems.

ECON 34528 Transport Economics (4 Credit Hours)

Transport Economics 214 is a theory based subject and the aim of the module is to introduce students to the role and functions of transportation, as well as the nature of the demand for transport and the characteristics of the different transport modes. Additionally, the cost economies and principles of economic efficiency in the transport market are discussed along with the impacts and implications of transport policy and legislation. Transport performance measurement is also explored, as well as the relationship between land use and transportation.

ECON 34532 Energy Economics (3 Credit Hours)

Energy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies. Due to diversity of issues and methods applied and shared with a number of academic disciplines, energy economics does not present itself as a self-contained academic discipline, but it is an applied sub-discipline of economics.

ECON 34534 Environmental Economics I (3 Credit Hours)

The course demonstrates the economic aspects of many environmental issues and explains potential economic solutions to such problems. It is an introductory course for students without a large background in Economics. BT - Bologna, Italy The aim of the course is to provide the students the foundations of the environmental economics and its methods. At the end of the course the students will be able to know a good terminology, methodologies and to discuss the main environmental economic topics.

ECON 34565 Health Economics (3 Credit Hours)

This course presents and examines the methods used by economists to explore questions relating to health and health care. The course is designed to give students a comprehensive grounding in the theory and practice of health economics.

ECON 34571 Urban Economics (2.5-3 Credit Hours)

What determines how cities develop? How do governments impact the location decisions of households and firms? You use economic theories to understand the choices facing local governments on current issues such as public good provision, education, childcare, public transit, housing, crime, taxation, incentives for businesses, sustainability, and local finance. This course provides you with an insight into the structure and local expectations towards the role of the government in the economy using Copenhagen and other major European cities as case studies. PF - Paris, France (Sci Po) This is an advanced class considering the economic forces that govern the geographic distribution of economic activity and its implications for economic outcomes and public policy issues. The course is divided into two parts. In the first part, we will develop a simple theory of cities as the result of the interaction between agglomeration and congestion forces. We will proceed to study in detail the agglomeration forces that attract firms, consumers, and workers to cities, as well as the congestion forces that limit the size of cities and how to overcome them through transportation networks and housing markets. The second part of the course extends the basic model to study a system of many locations, the dynamics of city growth and decline, and to conclude, the role of cities and geography for climate change.

ECON 34580 Industrial Organization (3 Credit Hours)

The course will analyse the way in which firms and markets are organized; the ways in which firms interact within markets; and the policy instruments available to insure that welfare is maximised. The course starts with an overview of costs and market structures. The conduct of firms within markets will then be examined, both in terms of their interaction (strategic behavior and vertical relations). Finally, antitrust law and policies will be examined by discussing antitrust cases in class. Prerequisites: Junior Standing, EC 201.

ECON 34581 Productivity Policies: Economic Analysis and Impact for Firms (3 Credit Hours)

In this course, students will be familiarized with the policy of production for firms and will understand its relevance and possible effects. Accordingly, students will develop a capacity to critically analyze how public policy can raise production within firms such as, for example, policy that promotes innovation, training, or competition. The focus of this course will be microeconomics at the level of the firm.

ECON 34583 Industrial Economics (3 Credit Hours)

This module of the course will examine some market models that deviate only slightly from monopoly and perfect competition, such as the dominant firm model and monopolistic competition. It will also cover more over-arching themes such as product differentiation and advertising; innovation and the role of R&D; industrial policy and competition policy; and state aid. Core textbook and additional readings for these topics are given below. Supplementary readings may be added as the term progresses.

ECON 34584 Strategic Pricing & EU Competition Policy (3 Credit Hours)

This course focuses on the strategic behavior of firms. The course will cover pricing strategies, the acquisition and use of market power by firms, strategic interactions amongst firms. Applications from EU competition policy are used to apply theoretical tools developed in class to assess issues observed in historical and current market situations.

ECON 34625 Public Economics (2.5-3 Credit Hours)

This is a final year undergraduate course in Public Economics. The course examines the role of government in the economy using economic analysis. It covers the topics of efficiency and equity, market failure, cost benefit analysis and public choice. By the end of this course you should have a solid understanding of some of the most important concepts and theories in public economics.

ECON 34661 Agricultural Finance and Risk (4 Credit Hours)

Agricultural production is typically risky, adding complexity to decision analysis and increasing need of risk consideration in agricultural policy design. This unit explores this theme, and has two related components: risk and risk management in agriculture, and issues of agricultural producer finance. These two components cover a broad range of topics that incorporate production risk and other sources of risk in agriculture.

ECON 34662 Agriculture Economics (3 Credit Hours)

This course uses economic theory to analyse contemporary issues in the agricultural and food sector. It includes all parts of the agri-food industry from input supply, farm businesses, processing/manufacturing to retail and the consumer. Topics, such as agricultural markets and market failures, consumer behaviour, agricultural policy and international trade, sustainability and externalities of the agricultural sector are discussed.

ECON 34681 Economic Analysis (3 Credit Hours)

Behavioural and Experimental Economics: departures from standard economic models such as irrationality, prospect theory and hyperbolic discounting; choice architecture; experimental methods; and analysis techniques.

ECON 34685 The Economics of Business Decision-Making (5 Credit Hours)

This course introduces key concepts and findings from behavioural economics and investigates how economics can be used to understand the behaviour of consumers, workers and managers. Providing you with a means to introduce key developments in economic analysis, from neuroeconomics to the economics of emotion, the focus is on how such economic insights can ultimately improve business and managerial decision-making.

ECON 34700 International Economics (3-5 Credit Hours)

To provide, by building on the skills and knowledge from level 2, an understanding of traditional and modern theories of international trade and international finance. In addition, it seeks to provide students with the skills necessary to appreciate and discuss policy issues. PM - Puebla, Mexico - UPAEP Nowadays, in a globalized world, it is very important to know how international trade is governed, which is why students must know the theories that over time have marked the forms of exchange between countries for the benefit of both small and large economies. Rome- Notre Dame Gateway (RY): The course analyzes the fundamental elements of modern international economic theory and policy. Its objective is to understand the behavior of key economic variables at the global level, with particular attention to international trade and open-economy macroeconomics. International economic phenomena will be analyzed from both theoretical and empirical perspectives. Issues related to international trade and the formulation of open-economy macroeconomic policy¿and their consequences¿will also be addressed paying attention to international institutional contexts.

ECON 34705 Dynamics of the Global Economy (3 Credit Hours)

Taught at a host institution. Starting from the 2008 crisis and its impact on the real economy, we list the reactions of the political authorities to emerge from recession and reduce imbalances.

ECON 34711 International Trade and Globalization (3 Credit Hours)

The objective of the course is to offer students an introduction to the theory and empirics of international trade and globalization. The course will cover both theoretical and empirical contributions and will often refer to current issues of globalization. Among the treated questions are: What are the similarities and differences between the current globalization wave and the one that took place in the late 19th century? Why do countries trade? Does comparative advantage or economies of scale explain the structure of trade? Does globalization deepen wage inequality and what are the mechanisms? How to explain offshoring and the location of multinational firms in the world? What are the characteristics of successful exporters? What are the consequences of protectionism and trade policies?

ECON 34715 International Trade (3,5 Credit Hours)

This module introduces basic facts and theoretical models regarding economic interconnections within an increasingly integrated world. Its aim is to provide students a global view and understanding of interdependence among all countries. Its content includes a current and a historical overview of trade and its impact on economic growth, the classic theory of free trade, recent developments in theoretical models and relevant empirical evidence and major policy issues arising in open economies that are becoming more relevant today. The module will cover traditional (neoclassical) economics and also discuss various challenges presented to such a framework, especially based on the experience of developing countries. UPAEP THIS SUBJECT HAS BECOME A LOT OF IMPORTANCE IN RECENT YEARS WHERE GLOBALIZATION HAS SET THE GUIDELINES FOR THE INTERNATIONAL ORGANIZATION IN THE FIELD OF GOODS AND SERVICES. BUT THIS GLOBALIZATION HAS PARTICULARLY BENEFITTED COUNTRIES WITH HIGHEST INCOME ON THE ONE HAND AND A HANDFUL OF LOCAL COMPANIES ON THE OTHER. THIS HAS INCREASED WEALTH DIFFERENCES BETWEEN COUNTRIES AND AT THE NATIONAL LEVEL. AWARENESS BY STUDENTS OF THIS PHENOMENON IS IMPORTANT TO BE ABLE TO PROVIDE A SOLUTION. THE STUDENT WILL BE ABLE TO KNOW AND ANALYZE THE APPROACHES TO INTERNATIONAL TRADE THAT WILL ALLOW THEM TO TAKE A POSITION ON THE ARGUMENTS AND THEORIES THAT DOMINATE INTERNATIONAL TRADE. HG 202320 The course covers international trade theory and policy. Topics are outlined in the syllabus. SK 202520 This course covers international macroeconomic topics emphasizing hypotheses, modeling, and policy testing so that we can learn ways to help people in the world economy. Concepts are well-supported with historical and real-world context. This course plays a special emphasis on Korean economics.

ECON 34716 International Trade: Theory and Policy in times of trade war (3 Credit Hours)

This course provides analytical tools to develop critical thinking on international trade events and on the major crisis that the international trading system is facing: the possible demise of the WTO, rise of bilateral trade tensions, notably but not only between the US and China, and growing protest at the national level against the effects of trade on inequalities, social standards, climate and the environment. This course aims to give students a better understanding of international trade theory (standard trade theories and comparative advantages, globalization and inequality, economies of scale and imperfect competition, global value chains, WTO/GATT, tariffs and quotas, etc.) as well as concrete policy insights on trade negotiations in order to better apprehend what determines trade, what its effects are, and what is driving the current crisis.

ECON 34717 International Trade (4 Credit Hours)

This unit of study provides a systematic analysis of the theory of international trade and trade policy. Initially differences between countries are emphasised as the source of trade and the gains from trade. Models that are examined include the Classical-Ricardian model, the Heckscher-Ohlin model and the Specific-Factors model. Next economics of scale and imperfect competition are introduced as sources of trade and gains from trade. The unit concludes with an examination of empirical studies aimed at testing trade theories. The analysis of trade policy begins with a discussion of the instruments of trade policy, in particular, tariffs and quotas and their effect on welfare. This discussion is then extended to the case of imperfect competition and strategic trade policy.

ECON 34721 The European Economy (1.5-3 Credit Hours)

Course website: https://sites.google.com/site/wycherlm/ec3030 . This part of the module deals with EU trade policy and the euro. The first part of the course outlines the monetary history of Europe, why there have been so many different regimes, and then the justifications for and impact of European Monetary Union. The second part analyses the effects of preferential trade liberalization before going on to describe EU trade policy. Dublin, Ireland (IR): The course covers the integration of European countries through the lens of economic theory and policy. We use microeconomic and macroeconomic tools to examine the motivation for and development of core EU policies. First we examine the origins of economic and later European integration., through to the Single Market. We cover core policies such as trade, agriculture, and competition with microeconomic tools, examining economic efficiency. Then we discuss fiscal and monetary policies of the EU, including the common currency. Two crises that highlight the triumphs and pitfalls of European integration are studied in-depth: Brexit and the Financial Crisis. Using the economic policy analysis tools developed in class, students pursue research, independently and with classmates, on other EU policies such as the environment and social protection.

ECON 34724 International Finance and Open Economies (2,3 Credit Hours)

Upon completion of this course, students will be able to identify the main causes of volatility in international markets by analyzing the behavior of the most important financial variables; understand and manage the principal financial instruments to increase the value of a business while minimizing its exposure to risk through problem solving; use diverse financial instruments to design coverage strategies for companies.

ECON 34727 Israel's Economy in the Global Context (3 Credit Hours)

Over the past century Israel has transformed from an agricultural colony, to a welfare state and on to a globally integrated "market economy" characterized by great income disparities. What lies behind this transformation? How did egalitarianism give rise to inequality? What are the implications of a constant state of conflict on a country's economy? How does being an island of democracy surrounded by non-democratic regimes effect the development of a country's international economics relations? This course will explore how different issues have affected the Israeli economy, including: periods of economic growth or stagnation, the governments' domination of capital and credit markets in the 1970's and 1980's, the stabilization program of 1985, the implications of peace processes and the wave of Russian immigration in the 1990's. The course will conclude with a n overview of the international economic relations between Israel and The European Union, the USA, and the global economic institutions (GATT and WTO, IMF and the World Bank and the OECD)

ECON 34729 Economic and Sustainable Development in Latin America (3 Credit Hours)

This course analyzes the economic development of Latin America, its structural characteristics, historical roots, recent reforms, and current economic policy and sustainability challenges. His emphasis is on the application of macroeconomic analysis to real-world problems. Thus, several case studies corresponding to Latin American countries are used. An important objective of the course is for students to develop the ability to understand the policy options facing economic authorities and the consequences of such policies. Special attention is paid to the economic reforms of recent decades and those currently in force, including those related to climate change and sustainable development, as the axis of the countries' development plans. The course presupposes a basic knowledge of macroeconomics and international economics. The theory is used to help illuminate economic policy options.

ECON 34770 Economics and Society (3 Credit Hours)

Economics and Society at UCD; This course has three sections. Section One: Markets and Economic Society. These lectures look at how society is organized for the purposes of economics. They examine how planned and market economies work, and the strengths and weaknesses of both. They also cover interesting features of markets affecting everyday life. Section Two: Crisis and Climate. These lectures will cover two topics: (i) The current crisis in the Irish economy, and (ii) The economics of climate change. Section Three: Trade and economic welfare. These lectures will cover the basis for trade between countries and the economic gains and losses associated with trade and trade restrictions. They will also cover aspects of migration and globalization and the background to political attitudes to trade policy.

Satisfies the following University Core Requirements: WKSS - Core Social Science

ECON 34771 Irish Economy (3 Credit Hours)

Taught at a host institution. The objective of course is to provide an account of the main features, performance and associated policy issues of the Economy of Ireland. Students taking this course need a knowledge of basic economic concepts such as national income, efficiency, economic growth and so on. Students without any previous training in economics have successfully completed this course but in each case the student in question allocated considerable extra time to making up the deficiency in his/her knowledge and have a prior interest, or a willingness to develop an interest, in current economic and political affairs. The course is also taken by many visiting students.

ECON 34774 The United Kingdom Economy and Financial System (3 Credit Hours)

The course provides: - a conceptual framework for assessing the policy, structure and performance of the UK economy since 1945. - an introduction to the role and operations of the financial institutions and markets of the City of London. - an examination of the international dimension of the UK economy, with particular reference to Britain's membership of the Bretton Woods System, European Union and to the `special relationship' between Britain and the USA. A common thread in this discourse will be the selective use of relevant economic theory to illumine events and policies of the period.

ECON 34775 The Economy of Ireland (3 Credit Hours)

The module explores quantitative historical economic data for Ireland, relating data to economic theory. The module complements intermediate modules in economics, drawing upon both microeconomic and macroeconomic concepts.

ECON 34776 Economic Policy and Business Issues in the UK (2 Credit Hours)

There are 12 lectures and 12 seminars which the seminars compliment the lectures. It is therefore essential that students listen to the online lectures, as you will be given the background information to prepare your eposes for the seminars and to understand the texts student in the seminars.

ECON 34777 Economic Dev. of Japan (3 Credit Hours)

This course treats Japan as a case of a highly successful, modern, growing economy with non-Western traditions. Following a brief review of Japan's pre-modern economic conditions and performance, the course concentrates mainly on Japan's economic development from the Meiji Restoration to the postwar period of high economic growth, with some attention given to current problems and prospects. Two important questions are addressed throughout the course. Firstly, why has Japan succeeded in its economic development despite its non-Western background? And, secondly, what are the "roots" of the "Japanese" socio-economic system, such as lifetime employment, seniority-based wages, and high savings ratio? An understanding of the nature and characteristics of the current Japanese economy requires the ability to provide an answer to these questions.

ECON 34778 Spain and the European Union (3 Credit Hours)

Study the process of the formation of the European Union. Analysis of the economic repercussions on its members and especially in Spain. Daily newspaper and magazine coverage of the ongoing process will be followed and discussed.

ECON 34785 News and Media (3 Credit Hours)

This course focuses on broad economic and social problems that are debated in French media today and works to understand the institutional and legal framework that conceptualize these issues. The course studies the French tax system and its relation to the European Union, the education system and current reforms, the economics and politics of social mobility (or the lack thereof), and many others.

ECON 34786 Chinese Economy (3 Credit Hours)

Shanghai, China CIEE: Since 1978, when China initiated economic reforms and opening up policies, the Chinese economy has been one of the fastest growing and most exciting economies in the world. China is now the world's second largest economy, and the biggest exporter in commodities. On the other hand, China is also the world's No.1 energy importer, raw material consumer and CO2 emitter. The income gap in China is getting wider and wider. The financial system is still unstable. What is the impact of China's rise on the global economy? How will other counties react to China's economic emergence? This course is designed to provide students with the knowledge of what has happened to China and its impact on the global economy over the last three decades. The course will offer in-depth discussions of Chinese macroeconomic development, industrial structure, trade patterns, economic imbalance, and its impact on the rest of the world economy, particularly on Asia, the Latin America, and Africa. Beijing: This course covers the development of the Chinese economy focusing on institutional change and economic growth. Topics may include the economic transition of the Chinese economy, institutional and market reforms, China's role in the world trading system, labor markets and mobility, industrialization and urbanization, educational investments, capital flows, innovation and demographics.

ECON 34792 European Economic Policy (3 Credit Hours)

The course aims at analysing the economic issues related to the process of European integration through a theoretical and a policy perspective. Through the study of economic integration theories and the main EU policies, students are able to acquire a critical perspective of the basic issues leading to the development of the European Institutions and the different historical phases of the European Union, ultimately giving birth to the Economic and Monetary Union. The course is composed of three parts. The first part of the course is devoted to the study of the theory of economic integration, considering the market of goods (customs unions, free trade areas), of factors of production (common markets) and the co-ordination of economic policies (economic union). A link is made between the theoretical instruments and the actual evolution of the European integration process. The second part explores the main European policies (common objectives , instruments and financial means), their evolution over time and the corresponding mechanisms of governance. The third part of the course is centred on the Economic and Monetary Union and its effects for the European economy.

ECON 34793 The European Economy (3 Credit Hours)

The aim of this course is to equip students with a critical understanding of the major issues facing the European economy. The course provides a blend of descriptive information, theory and empirical analysis. The emphasis is on economic issues but these issues are studied in their political, institutional, and historical context. Theoretical analysis forms an essential part of the course and requires knowledge of intermediate micro- and macroeconomics. Particular attention is devoted to policy areas in which EU coordination has progressed furthest: monetary integration, internal market, external trade policy, regional policy, factor mobility, agriculture, and competition policy. The course is suitable for any JS student who has taken Economics in his/her SF year and all Visiting Students who have acquired an equivalent level of Economics training.

ECON 34800 Development Economics (2.5-5 Credit Hours)

Aims To provide students with insights into some of the key issues affecting the development of countries. To stimulate students to study, present and debate their own ideas and analyses of these issues. To widen students' perceptions of the world and of the applicability of economic science and to motivate them to retain that perception. To provide the opportunity for students to build on knowledge and key skills acquired in their second year studies. Content Content will include the relationship between the development of countries and topics such as: Structural transformation, Climate change, Agriculture and famines, Poverty and inequality, Physical capital and technology, Human capital, Demography, Internal and international labour migration, Formal and informal institutions, International trade and openness, Natural resources, Foreign aid. Learning Outcomes Subject-specific Knowledge: Theories, controversies, policies and case studies of how countries attempt to grow and develop over time. Subject-specific Skills: Application of economic analysis to lower income countries Key Skills: critical and analytical thinking problem solving written communication own learning working with numbers working with others bibliographic search and information retrieval. Copenhagen, Denmark Description: studies one of the key challenges of our time, namely, economic growth and development in low-income countries, and the transformation of these economies into modern, richer or at least less poor countries. In this course, development and underdevelopment will be looked at through the lens of key economic concepts, policy prescriptions, development assistance architecture, and applied project management tools. The course provides the students with the basic knowledge and theories of economic growth and development. It also examines the way key social institutions and economic policies of developing and emerging economies have affected their economic performance. The knowledge acquired is important in evaluating investment projects in emerging and developing countries and provide useful skills for local economic consulting firms and local or international organizations. St. Andrews, Scotland Description: This module explores the microeconomic foundations of development economics. We will discuss topics such as poverty traps, labor markets, human capital, gender, public goods/service delivery and taxation, infrastructure, among others. In studying each of these topics, we will ask: what determines decision-making in low- and middle-income countries? What constraints do agents face? Is there scope to improve livelihoods through the actions of market participants, governments, international organisations (e.g. World Bank) and NGOs? What policies have been tried in different countries and how have they fared? This module places emphasis on developing analytical understanding of applied issues, while combining theory and empirical evidence. We will ultimately seek to draw useful policy conclusions. Sciences Po - Paris, France: Development Economics focuses on the economic forces influencing growth and well-being in developing countries. It covers topics such as poverty traps, health and education access, gender dynamics, fertility, conflict, and property rights, highlighting how economic evidence informs policies to reduce inequality and promote development.

ECON 34809 Economics of Less Developed Countries (3 Credit Hours)

The problems facing the less developed countries of the Third World are among the greatest challenges facing the world today. This module will focus on the diverse structures and common characteristics of less developed countries and will offer an evaluation of policies being pursued. The module begins by discussing the idea of economic development before moving onto sources of and barriers to development. It uses contemporary models of economic development to investigate why some countries are rich and others are poor. The inherent challenges of development policymaking will be considered, before the success and failure of trade, finance and aid policies in less developed countries is examined. The central role of macro and micro institutions in economic development is considered in detail.

ECON 34810 Development Economics in the Middle East (2.5-3 Credit Hours)

This course examines economic structures, institutions and policy challenges in the countries of the Middle East and North Africa (MENA).Starting with a broad economic history of the region in the 19th Century, we address selected aspects of economic policy in the contemporary period. The contemporary natures of the problems facing the MENA countries are addressed throughout the course.

ECON 34816 Development Economics (3 Credit Hours)

Having successfully completed this module, students will: Have a better idea of what is meant by development; Be more familiar with several theories of development and their policy implications; Be acquainted with the multifarious economic performance of different countries (from the successful to the still poor); Be in a position to draw their own tentative conclusions about the challenges of development and the various policy stances designed to promote same.

ECON 34831 Dev of Work Econ since 1800 (8 Credit Hours)

Tutorial covers the developments of the world economy since 1800.

ECON 34899 ECON 30000 SA Non-major Elec (3 Credit Hours)

Thinking Like an Economist (SI): This course aims to explain human behavior through the lens of economists. We use economic reasoning to answer questions as diverse as the following: Why would your teacher cheat? Which factors cause crime rates to go down? Why do countries fail sometimes? We use texts that popularize economic concepts to illustrate how different social phenomena can be understood by applying the tools of economic analysis. However, we also discuss possible limitations of the economic approach to social issues. In this course we review, challenge, and debate on firmly established ideas we all have about the world, our society, and ourselves. What will I have learned by the end of this class? 1. You will have understood the way economists view the world 2. You will have learned the theories and predictions of famous thinkers 3. You will have found out how to analyze different social phenomena from a new perspective 4. You will have realized that several times one needs to dig deeper in order to find the truth 5. You will be introduced to some of the major debates the world economy is facing today 6. You will have learned how to formulate arguments using the logic of economists Course outline Week 1. Thinking Like an Economist (First lecture in Week 1. You don't need to do anything prior to the lecture. Just come see if you like the class. Tutorials start in Week 3.) Week 2. The Rational Man Week 3. The Beauty of the Market Week 4. Are We Really Rational? Week 5. The Altruistic Man Week 6. Are You Happy? Week 7. Midterm Week 8. What about Love? Week 9. The World of Crime Week 10. How to Get Rich: A Manual Week 11. Rich and Poor in an Unequal World A (Inequality Across Countries) Week 12. Rich and Poor in an Unequal World B (Inequality Within Countries) Week 13. Artificial Intelligence and the Future

ECON 34902 Inequality and Redistribution (5 Credit Hours)

The module is designed to foster an understanding of economic inequality both from theoretical and practical perspectives. It mainly aims to convey how economists approach and deal with inequalities of income, wealth and consumption of inequalities of non-income variables such as health or education both between individuals and between social groups such as gender or ethnic groups. How different inequalities are assessed by international institutions such as World Bank and how relevant policies are produced in return are of main concerns of the module. The driving forces of economic inequality and its relation to other economic criteria such as growth are analysed as well from a historical global perspective. NU - Norwich, UK (Univ of E. Anglia) In this module, we will examine some of the possible factors that are driving the social and economic inequalities prevailing in many parts of the world, and we will evaluate evidence of the effectiveness of various policy measures taken to address them. The core focus will be on the role of social identity in economic decision making, discrimination, and how differential treatments of minority groups generate inequalities in various settings. This module will embrace these debates by: (i) focusing on topical issues that are central to recent policy debates, and (ii) exploring various theories and methodological tools to tackle these topics, with an emphasis on behavioural concepts and experimental methodology

ECON 34903 ECON 30000 Study Abroad International Elective (1-5 Credit Hours)

St. Andrews, Scotland: This module will provide you with understanding of specific aspects of development finance, recognising that finance-related issues are increasingly important in economic development. The module is designed to introduce you to advances in both the theoretical and the empirical understanding of financial issues mainly in developing countries. This will include an examination of the starting point as well as the path to financial integration with the international economy, and will address a selection of the major issues surrounding developing markets. In the context of economic development and emerging markets, we will mainly study topics of financial repression and liberalisation; financial development; fragility and crises; microfinance; financial aid and economic development; and religion and finance. LP 153401016 description: This module explores economic development in post-colonial Sub-Saharan Africa, bringing together macroeconomic and microeconomic perspectives. The overarching aim is to analyse and unpack key dimensions of the processes of economic development across Sub-Saharan African countries taking a critical and pluralist approach. The module presents theoretical and policy-relevant debates that are of interest not only to those who want to learn about Sub-Saharan Africa specifically but also to those who are seeking to develop a global understanding of economic dynamics. LP 155901498 description: This module provides a critical overview of theoretical, empirical and policy issues relating to international trade and investment. It provides an introduction to the main theories of international trade, including standard neoclassical free trade approaches and more recent theories addressing imperfect competition, economies of scale, national competitiveness issues, and managed trade. It also discusses topics in international trade such as the effects of trade on income distribution and poverty, the debate about import substitution and trade protection, and alternative approaches to trade policy. Moreover, it analyses drivers of international factor movements, foreign direct investment, and the role of multinational corporations. CU ECON 2275 description: The course provides a theoretical and empirical understanding of the political economy of law and public policy making, examines how law and regulation affects policy outcomes, and familiarizes students with economic concepts and tools useful for analyzing policy issues. Topics covered include, public goods, externalities, monopolies, regulation, rent seeking, law and economics, law enforcement, legal systems and public bureaucracy. PF CECO 62355 description: Starting from the 2008 crisis and that linked to the Covid-19 pandemic and their consequences on the real economy, we will list the reactions of the political authorities to exit the recession and reduce imbalances. In this context, we will distinguish cyclical policies from structural policies and will attempt to analyze their impacts on growth prospects in the years to come. Finally, before returning to the different economic policies (budgetary, monetary and employment) implemented over the past 20 years in France and their consequences on the French economy, we will detail the decision support instruments available to the economists to designate optimal economic policies (structural unemployment, potential production, output gap, macroeconomic model). AU Angers, France H-LLEA S4-130 Situate the nature of state intervention in the field of economics and analyze the factors and actors involved in the development of economic policy implementation processes. PF BMET 25A18 description: This economics course focuses on the study of economic and financial history through the critical reading and analysis of primary sources and models. This course focuses on the key features of how economies have evolved over time, introducing students to quali/quantitative analysis, comparative history, and the integration of social and cultural perspectives into economic narratives. It focuses on the analysis and interpretation of crucial economic and financial turning points in history, and what economic factors have led to these points.

Course may be repeated.

ECON 34907 ECON 30000 SA Intl Elec (2,3 Credit Hours)

This course delves into the unique economic dynamics of urban spaces, examining the interaction between land use, transportation, housing markets, public policy, and urban development. Through theoretical frameworks and empirical analysis, students will gain a comprehensive understanding of how economic principles apply to the complexities of urban environments. Sao Paulo, Brazil (PB): This course looks at countries from a macroeconomic perspective and how countries in Africa and Asia may be affected by how companies are managed and operated through this economic data. Sao Paulo, Brazil (PB): This class uses econometric ideas such as Difference in Difference, Instrumental Variables, and other econometric methods to evaluate financial policies.

ECON 34915 Booms and Busts: The Economics of Inequality, Stagnation, and Crises (3 Credit Hours)

This course introduces students to the key theories of income distribution within the context of macroeconomics. It allows students to derive basic distributional insights from macroeconomic accounting identities, e.g. Y = C + I. Moreover, students learn how to derive Piketty's Fundamental Law of Capitalism (r > g) from a simple macro model. Further, the various theories of income distribution are taken to data through a survey of empirical evidence. Finally, the course introduces students to the key debates: 1. Fiscal austerity and income distribution, 2. Income inequality and aggregate demand, and 3. Drivers and consequences of distributive cycles, among others.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 34916 International Macroeconomics Revisited: Monopolies, Inequalities, and Inter-Country Conflict (3 Credit Hours)

This course introduces students to the economic origins of inter-country conflict within the context of International Macroeconomics. Some background knowledge of economics is an advantage but not required. The course allows students to situate national and global inequalities within the frame of global monopolies and inter-country conflict as a contest for global market share. The units of analysis are countries and global monopolies, and students use simple macroeconomic models to derive the key analytical results before taking these to data. Finally, the course introduces students to the big debates relating to global inequality, tax havens, global imbalances and conflict, the rise of China, economic sanctions, and embargoes, among others. On successful completion, students can obtain and analyse data on global income distribution, critically evaluate standard theories of globalisation, and identify and explain the nexus among monopolies, inequalities within and between countries, and global conflict.

ECON 34955 Undergraduate Research Abroad (3 Credit Hours)

Independent research project guided by faculty mentors abroad and on main campus.

ECON 34993 Behavioral Economics (3 Credit Hours)

This course systematically introduces the contents and methodology of behavior economics, its historical root and development history, and in particular its relationship with neoclassical economics. This course will discuss many laboratory experiments, field experiments and natural field data to shed light on how human behavior systematically deviates from rationality assumption in certain cases. The main topics include: social preferences, reference-deponent preferences, time inconsistency and self control problem, probabilistic judgment, overconfidence and limited strategic reasoning. Based on these evidence, we further analyze how to develop behavioral model based on neoclassical model to obtain a more accurate description of these behavioral traits. We then apply these models in various economic fields, including labor supply decision, consumption saving decision, choice under uncertainty and finance. Lastly, we will discuss policy advice from behavioral economics, which often features low cost, satisfactory performance and paternalism. HG 202320 Content: In this course, advanced topics in Behavioral Economics are discussed. The course considers mainly theoretical Behavioral Economics, not experiments, even though experimental evidence is introduced. Planned topics: 1. Introduction 2. Heuristics and Biases 3. Mental Accounting 4. Behavioral time discounting 5. Nudges 6. Happiness 7. Rank Dependent Utility 8. Prospect Theory 9. Other-regarding preferences 10. Learning Theories 11. Ambiguity Previous knowledge expected: Advanced Microeconomics Objectives: By the end of the course students should have an overview over the field of Behavioral Economics, be able to apply behavioral models to social and economic interactions, and understand the challenges and limitations of theoretical modeling of human behavior. Detailed Course Type: Lecture with Practical Class (Tutorial) Further Information and Recommended Reading: Dhami - The Foundations of Behavioral Economic Analysis Lecturer contact information: Dr. Peter Duersch; Email: duersch@xeeron.de IT - Trinity College - Dublin: The goal is to learn how to think about economic decision-making in a psychologically richer way while maintaining the rigor of economic analysis. You will learn (i) what are the basic psychological phenomena that are most important for economics; (ii) how to identify these phenomena from simple decisions and capture them in economic terms; and (iii) how they should change our understanding of basic economic questions.

ECON 36950 Directed Readings (1-3 Credit Hours)

This course provides students with an opportunity to explore readings and research as directed by an assigned faculty member in the department. It is offered by arrangement with individual instructors.

ECON 40041 Market Design (3 Credit Hours)

This course studies the theory and practice of market design, with particular focus on auctions, matching mechanisms, and platforms. Using the tools of microeconomics, game theory, and mechanism design, the course examines the operation of markets and the design of effective market rules. Key topics include spectrum and internet auctions, entry-level labor markets, school choice programs, and financial markets, among others.

ECON 40045 Decision Theory (3 Credit Hours)

Decision Theory seeks to model choices made by individual agents and thereby serves as an important foundation for the economic study of human behavior. The goal of this class is to understand core concepts in decision theory, to learn how to interpret empirical data and to discuss both the need for formal models and their shortcomings in capturing important psychological factors. Topics will include the definition of rationality, the equivalence between preference relations and choice rules, the meaning of utility functions, and the role of uncertainty. A special emphasis is put on careful mathematical reasoning and explicitly identifying the underlying assumptions behind commonly used concepts. Interactive components will help students identify ways in which they violate basic assumptions and explore reasons for doing so, as well as ways to overcome easily exploitable choice biases.

Prerequisites: ECON 30010 or FIN 30210 or FIN 34210 or FIN 34211

ECON 40050 Game Theory and Strategic Analysis (3 Credit Hours)

The objective of this course is to help students develop a good understanding of the basic concepts in game theory and learn how to employ these concepts to better understand strategic interactions. Topics covered will include normal form games, extensive form games, pure and mixed strategies, Nash Equilibrium, subgame perfect equilibrium, repeated games, and introduction to games of incomplete information. Selected applications will include competition and collusion in oligopoly, entry deterrence, political competition and rent seeking, social norms and strategic interaction.

Prerequisites: ECON 30010 or FIN 30210 or FIN 34211 or FIN 34210

ECON 40060 Applications of Microeconomic Theory (3 Credit Hours)

This course will focus on some selective topics in modern micro economic theory. It may vary from term to term. A possible choice of a broad range of topics are: Choice under uncertainty, Game theory, Market mechanisms, Coalitional analysis, Public goods and Welfare economics. Each of these topics will be discussed with mathematical rigor. Some of the objectives of the course are to familiarize students with important analytical techniques of micro theory and their applications to the study of various economic phenomena and to help students to cultivate the ability to critically evaluate the usefulness and limitations of economic models.

Prerequisites: ECON 30010

ECON 40100 Economic History (3 Credit Hours)

In this course, students explore history from an economist's point of view. We study broad economic trends such as income growth, well-being, prices and inequality from ancient times through industrialization to today, locally and globally. For example, why did northern Europe and the US pull ahead economically between the 18th and 20th century? Moreover, we will study how history can help us understand and answer important economic questions: What are the economic benefits of large infrastructure investments such as railroads? How does innovation such as the printing press diffuse and what are the economic effects? This course will require students to read research articles and book chapters regularly and participate in discussions about the readings.

ECON 40150 Economic Growth (3 Credit Hours)

What are the drivers of economic growth? Can governments induce it? How does it interact with inequality and climate change? Having these questions in mind, this course has two objectives: The first is to familiarize students with the evolution of debate about economic growth, from the modernization theories of the 1960s to the current policy and academic debate; the second is to develop key quantitative and theoretical tools used in the current discussions about economic growth. This course will cover subtopics related to migration, agricultural development, industrial policy, climate change, and trade liberalization.

ECON 40260 Political Economy of Development (3 Credit Hours)

The course will focus on why and how political institutions affect economic development. The goal is to understand core theoretical concepts in political economy, discuss the political determinants of economic policy choices and learn how to understand and evaluate empirical evidence. The course will use evidence and examples from both developed and developing countries. Topics will include the determinants of economic development, the role of historical circumstances and political leaders, the role of politics in creating or resolving economic crises and the constraints posed by corruption and political instability. Readings for the class will comprise selected academic papers, case studies and sections from books. Class assignments will include problem sets, exams and short paper/book reports.

Prerequisites: ECON 30010

ECON 40354 Financial Economics (3 Credit Hours)

Prerequisites: ECON 30010

ECON 40355 Financial Economics and Econometrics Enriching Experience (1 Credit Hour)

Students will attend additional out of classroom enrichment opportunities, such as presentations by outside researches and practitioners. These events will complement the coursework by offering insights into the world of finance and policymaking, and will be natural opportunities for networking and for career advancement.

Course may be repeated.

Enrollment is limited to students with a program in Financl Econmcs & Econometrics, Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.

ECON 40356 Asset Pricing Theory (3 Credit Hours)

This course examines the theoretical foundations of financial asset pricing. Topics include the capital asset pricing model, stochastic discount factors, arbitrage pricing theory, the efficient market hypothesis, and option pricing.

Prerequisites: ECON 40354

Enrollment is limited to students with a program in Financl Econmcs & Econometrics.

ECON 40357 Financial Econometrics (3 Credit Hours)

Prerequisites: ECON 30331 and ECON 40354

Enrollment is limited to students with a program in Financl Econmcs & Econometrics.

ECON 40364 Monetary Theory and Policy (3 Credit Hours)

This course will cover the development of monetary theory and policy with a particular focus on financial crises and the appropriate central bank response. Other topics include the welfare cost of inflation, countercyclical monetary policy, and central bank independence.

Prerequisites: ECON 30020

Enrollment is limited to students with a program in Financl Econmcs & Econometrics.

ECON 40402 Poverty and Policy (3 Credit Hours)

The course applies the tools of economic and public policy analysis to the study of poverty. There will be an emphasis throughout on existing research in economics, using theoretical tools and micro-econometric methods, as well as policy examples from a variety of contexts worldwide. The course aims to give students an understanding of the existing epistemological definitions and measurements of poverty; the causes and self-reinforcement mechanisms of deprivation; the prevalence of poverty and severity trends worldwide; existing best practices for poverty reduction, and modern principles of poverty policy design. By the end of the course, students should (i) have an overview of the global trends and characteristics of poverty; (ii) read specialized literature and apply their knowledge of economic theory and econometrics to the design, implementation, and evaluation of poverty policy; and (iii) understand the critical debates in thinking about deprivation at a global scale.

ECON 40410 Future of Labor (3 Credit Hours)

The new wave of technologies, such as robotics and AI, will have long-lasting impacts on the labor market. Jobs will be displaced, new tasks created, different skills demanded, teams reshaped, and new management practices will emerge. Organizations and the broader economy will also change. These technologies may benefit and disadvantage workers unevenly, potentially increasing inequality. Education and training systems, along with the institutions that support them, must adapt. At the same time, demographic challenges driven by aging populations and declining fertility will significantly affect labor. How will these forces shape the future of work, and how should we prepare for them? How might the meaning of work evolve, and what policies will be needed to ensure the dignity of workers? We are entering a new era of increasing uncertainty regarding labor and work. Addressing these challenges requires a holistic understanding. This course will be interdisciplinary—grounded in economics but also drawing on insights from history, philosophy, public policy, computer science, and related disciplines. The goal of this course is to provide students with a framework for understanding and analyzing how new technologies like robotics and AI are affecting and will affect the labor market. Students will (1) read and discuss both economics and less quantitative materials, (2) conduct original research by collecting and analyzing data on the labor market, and (3) experiment with AI agents to gain firsthand experience of the future of work. Ultimately, students will develop perspectives on how cognitive and physical AI may impact jobs, occupations, income distribution, and social institutions. They will also consider how education, training, and redistribution policies can help mitigate the disruptions created by technological change.

ECON 40415 Power and Inequality in Labor Markets around the World (3 Credit Hours)

This is an advanced undergraduate course in labor economics that will feature theoretical and empirical analysis of labor market policies and institutions in high and low-income countries. We will cover topics ranging from unions, minimum wages, public workfare programs/job guarantees, international and internal migration, fairness and social preferences, to firms in the labor market among others. The course will start with a theoretical overview of labor markets and an empirical overview of features that distinguish labor markets in high and low-income countries. We will then focus on reading empirical papers in detail drawing on evidence from high and low-income countries for a given topic.

ECON 40500 Causal Inference for Poverty Alleviation (3 Credit Hours)

In this course, students will learn about statistical methods that economists use to evaluate anti-poverty policies. Methods covered will include randomized controlled trials (RCTs), instrumental variables (IV), IV within RCTs, difference-in-differences (DID), and regression discontinuity designs (RDD). For each method, students will (i) be introduced to an example of a poverty-related question that has been studied using the method, (ii) learn the econometric theory supporting the method, and (iii) apply the method to real-world data in Stata/R.

ECON 40502 Advanced Econometrics for Public Policy and Global Affairs (3 Credit Hours)

The course covers the core methods necessary to read and conduct economic research using examples from public policy, development, and applied economics literatures. Students should have a good understanding of statistical inference and linear regression methods to be eligible. The course stresses the practical implementation of various econometric methodologies to analyze longitudinal datasets and "big data." Lectures will provide a comprehensive introduction to Randomized Controlled Trials (RCTs) and survey design, quasi-experimental research designs, non-parametric methods, Maximum Likelihood Estimation (MLE), the Generalized Method of Moments (GMM), time series econometrics, and modern machine learning. The course will also provide a refresher on hypothesis testing and model specification testing. Readings and practical problem sets will be posted each week to provide hands-on numerical experience to students.

ECON 40534 Economics of Climate Change (3 Credit Hours)

Human induced climate change is one of the major problems facing society. Economics provides a powerful intellectual basis for understanding, analyzing and correcting these problems. This course will cover basic science of climate change, the associated market failure and tragedy of the commons, cost-benefit analysis of climate mitigation, computation of the social cost of carbon, empirical research on economic effects of climate change, adaptation, and carbon taxation.

ECON 40541 Public Economics (3 Credit Hours)

This course examines the role of government in the economy. In this course we will apply tools from microeconomics to understand government spending, taxation, and regulation. We will explore important policy questions in areas such as: government transfers (food stamps, housing vouchers etc.), social insurance (unemployment insurance, Medicaid), and income taxation.

Prerequisites: (ECON 30010 or FIN 30210 or FIN 34210) and ECON 30331

ECON 40542 Public Economics & Policy (3 Credit Hours)

How and why does the government intervene in the economy? Who benefits from public spending programs? Who bears the burden of taxes? And how do individuals and businesses respond to government policies? This course explores the role of the public sector in the U.S. economy, with a focus on government spending programs and tax policy. We will examine major areas of domestic public policy -- including anti-poverty programs, Social Security, health care, education, and federal taxation -- using both economic theory and empirical evidence. By the end of the course, students will be able to think critically about how government policies shape economic outcomes and current U.S. public policy debates.

ECON 40562 Taxation in a Global Economy (3 Credit Hours)

In this course students will explore the different corporate structures firms adopt to operate in multiple countries. A key focus will be on understanding the economic and institutional factors that influence where multinational firms locate their production, sales, and management activities. Central to these decisions are the tax policies adopted by individual countries and the role of tax havens. Students will also study how tax policies affect the general economic environment in which firms operate by affecting wages, firm investment, and firm value.

Prerequisites: ECON 30010

ECON 40580 The Economics of Industrial Organization (3 Credit Hours)

This course focuses on the strategic behavior of firms in imperfectly competitive markets. The course will cover the acquisition and use of market power by firms, strategic interactions amongst firms, and the role/effects of government competition policy. There will be a strong emphasis on applying the theoretical tools developed in class to assess markets and issues observed in the world.

Prerequisites: ECON 30010 or FIN 30210 or FIN 34210 or FIN 34211

ECON 40610 Cities and Economic Geography (3 Credit Hours)

In this course students will explore the economic determinants of the city and the system of cities across space. The key objective of the course is to provide students with a toolbox to think about how space/geography matters for economic activity. For example, why are rents higher in the city center than in the suburbs? Why are average incomes in South Bend lower than in New York? To answer these questions the course combines basic theoretical frameworks with empirical evidence from research in urban economics and economic geography.

ECON 40700 International Economics (3 Credit Hours)

This course introduces core frameworks used to analyze the global economy and international economic policies. We will study the impact of monetary policy and fiscal policy on exchange rates and output, the behavior of current account balances, and the mechanics of fixed exchange rate regimes. We will also explore the microeconomic determinants of international trade, the labor market impacts of globalization, and the goals and instruments of international trade policy. The goal of the course is to equip you with tools to understand the sources and consequences of trade and macroeconomic interdependence, analyze contemporary developments in the world economy, and critically evaluate international economic policies.

Prerequisites: ECON 30010 or FIN 30210 or FIN 34210 or FIN 34211 and ECON 30020

ECON 40720 International Finance (3 Credit Hours)

This course presents the theory of International Finance and applies it towards gaining an understanding of recent events and current policy issues. The theory presented in this course covers a broad range of topics including exchange rate determination and the choice of exchange rate systems, monetary and fiscal interactions in an open economy, balance of payments crises, and international debt. The insights gained from the theoretical framework will enable us to discuss topics such as current account deficits and global financial imbalances, the Chinese exchange rate regime, proposed changes in the international financial architecture, the single currency in Europe, the Asian and Argentine financial crises, and the role of international factors on a nations employment, wage and economic performance.

Prerequisites: ECON 30020

Students cannot enroll who have a major in Economics.

ECON 40850 The Economics of Innovation and Scientific Research (3 Credit Hours)

We will use simple microeconomics principles to understand how and why innovation happens, how innovation is related to basic scientific research, what factors influence the production and diffusion of new ideas, and how government policy can help or hinder innovation. We will also study the relationship between innovation and economic welfare using recent macroeconomic models. Intermediate microeconomics and at least one semester of econometrics are recommended, though not required. There will be two midterms and a final exam, as well as written homework assignments

Prerequisites: (ECON 10010 or ECON 10011 or ECON 20010 or ECON 20011) and (ECON 10020 or ECON 20020)

ECON 43025 International Macroeconomics (3 Credit Hours)

This is the seminar version of Econ 40025. "This course provides students with an introduction to open-economy macroeconomics. Discussed are theories of trade, exchange rates, business cycles in emerging markets, international financial crises, and sovereign debt. The course is primarily model-based, giving students an analytic framework in which to understand international economic issues. However, current events and policy issues are integrated to give context."

Prerequisites: ECON 30020

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 43070 Applied Macroeconomics (3 Credit Hours)

In Applied Macroeconomics, the student learns and applies major theories of economic growth, business cycles, unemployment, inflation and monetary policy. The material covers the theories in enough detail to allow for their quantitative application to current and historical macroeconomic problems. All students will write and revise a short policy memo and a longer research paper. For the latter, the student will learn techniques for the collection and organization of archival data.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 43111 History of Central Banking (3 Credit Hours)

This course explores the origins of central banking and examines how the role of central banks in stabilizing the financial system and key macroeconomic aggregates has evolved over the decades. It discusses how the conduct of monetary policy has changed and what lessons can be learned from historical events such as the Great Depression, the Great Inflation, and the Volcker disinflation, among others.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 43260 Political Economy of Development (3 Credit Hours)

The course will focus on why and how political institutions affect economic development. The goal is to understand core theoretical concepts in political economy, discuss the political determinants of economic policy choices and learn how to understand and evaluate empirical evidence. The course will use evidence and examples from both developed and developing countries. Topics will include the role of historical circumstances and political leaders in fostering economic development, the incentives and constraints of political leaders, and the economic determinants of corruption and conflict. Readings for the class will comprise academic journal papers, case studies and book chapters.

Prerequisites: ECON 30331

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 43330 Forecasting for Economics and Business (3 Credit Hours)

This course is an introduction to forecasting using time series data. It covers various models and methods to make predictions about the future, quantify uncertainty, and evaluate forecast performance. It is designed for students with some background in econometrics and statistics (at the level of ECON30331), who are interested in forecasting applications in economics, business, and related fields. During the course, students use Matlab to create data-driven forecast reports for a leading macroeconomic series.

Prerequisites: ECON 30331

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 43345 Macroeconomic Expectations (3 Credit Hours)

This course covers the role of expectations in macroeconomics. We will focus specifically on the measurement of these expectations from surveys of professionals, firms, and consumers. Other topics include the use of survey data to characterize economic agents' expectations formation and behavioral response to expectations

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 43370 Financial Crises (3 Credit Hours)

This course studies the nexus of financial crises and the implications of crises for the macroeconomy. Focus will be on the two major crises in the US from the last one hundred years - the Great Depression and the Great Recession. Several primary and secondary sources - including books and academic articles - will be assigned. Evaluation will be based on several short papers.

ECON 43400 Advanced Labor Economics (3 Credit Hours)

This class presents a detailed exposition of neoclassical labor market theory and empirical research in labor economics. Students will learn the analytical techniques used in the theory of labor economics; how to apply econometric techniques to analyze public policy; and how to read and critically evaluate academic research in empirical labor economics. Class time will be divided between lectures and discussion. Lectures will concentrate on theoretical topics and econometric methods, while class discussions will focus on empirical studies and policy analysis. Students are expected to be actively involved in class discussions and will have the opportunity to lead class discussions. Each student will complete an empirical project. Topics include labor demand, the minimum wage, unions, employee protection and benefits, labor supply, welfare reform, fertility, human capital, education, immigration, and discrimination.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 43402 Advanced Topics in Economics of Education (3 Credit Hours)

This seminar course combines economic theory and methods to study the production and delivery of education. We will apply economic principles to understand the rationale for particular education approaches, policies, and programs and use an economic lens to explore their potential impact. We will also learn about applying analytic tools to examine the effects of schooling as well as specific education interventions and reforms. Students will read empirical research and develop skills in being critical consumers of policy arguments and research findings, including substantial in-class discussion. They will also complete problem sets and two in-depth writing assignments with the goals of 1) using economic principles to inform policy debates about education investments, 2) employing evidence to evaluate the impact of education policies and programs, and 3) developing skills in conducting original research on education. Substantive topics will span early childhood education, K-12 schooling, and higher education with a focus on the role of resources, incentives, prices, and markets throughout. The course will explore teacher labor markets and teacher effectiveness, school choice, and accountability, and will include discussion of international contexts.

Prerequisites: (ECON 10010 or ECON 10091 or ECON 10011 or ECON 10020 or ECON 10092 or ECON 20020 or ECON 20010 or ECON 20011) and ECON 30331

Satisfies the following University Core Requirements: WRIT - Writing Intensive

Enrollment is limited to students with a program in Economics.

ECON 43403 Adv Topic Economics Education (3 Credit Hours)

This course combines economic theory and empirical methods to study modern topics in the economics of education. These topics include different types of schooling including pre-kindergarten, k-12 schooling, and higher education. Students will learn economic models of schooling and will read empirical research that informs school policy. Students will practice using these tools in a variety of educational settings and become critical consumers of education policy arguments. Students will also write papers designed to be useful in economic policy debates about schooling.

ECON 43420 The Economics of Inequality (3 Credit Hours)

This course will examine the causes and consequences of economic inequality. Topics covered include conceptual issues in measuring inequality and understanding its consequences for welfare; a comparison of inequality across countries and over time; the role of globalization and technological change in explaining recent increases in inequality in the U.S.; explanations for inequality across groups, including race, gender, childhood socioeconomic status and age; and the role of government in addressing inequality. Students will write a paper evaluating a policy proposal aimed at reducing inequality.

Prerequisites: ECON 30331 and ECON 30010 or FIN 30210 or FIN 34210 or FIN 34211

Satisfies the following University Core Requirements: WRIT - Writing Intensive

Enrollment is limited to students with a program in Economics.

ECON 43501 Charity and Voluntarism (3 Credit Hours)

This class will discuss important issues and topics related to charitable giving and prosocial behavior. Topics may include fundraising, charitable donations, voluntarism, and religious activity. Students will learn about economic models and methods currently being used to study these topics. Students will also be expected to produce written works exploring these topics.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 43550 Economics of the Family (3 Credit Hours)

This course will use economic theory and empirical economic research to study the family. Topics will include household decision making; the determinants of marriage and fertility; how marriage, fertility, and family structure are related to other outcomes; and public policies that affect the family and family formation. Students will learn to read and evaluate empirical economic research. This is a writing-intensive seminar course.

Prerequisites: ECON 30331

Satisfies the following University Core Requirements: WRIT - Writing Intensive

Enrollment is limited to students with a program in Economics.

ECON 43565 Health Economics (3 Credit Hours)

The course is designed to illustrate how economists analyze topics related to the production of health and the delivery of health care in the United States. Topics covered include the social and economic determinants of health, the economic control of unhealthy behavior, economic consequences of the AIDS epidemic, using economics ot explain the rise of obesity, economic models of insurance, the problems of moral haszard and adverse selection, the economic impact of employer-provided health insurance. Medicare and Medicaid, the problem of the unisured, medical technology and the pharmaceutical industry, the malpractice system, and the rise of managed care. Readings for the class will come from a required textbook and academic readings downloadable from the class web page. Class assignments will include problem sets, exams and short policy memos.

Prerequisites: ECON 30331 or (ECON 30010 or FIN 30210 or FIN 34211 or FIN 34210)

Satisfies the following University Core Requirements: WRIT - Writing Intensive

Enrollment is limited to students with a program in Economics.

ECON 43570 Economics and the Seven Deadly Sins (3 Credit Hours)

Through the centuries, Catholic theologians have identified seven deadly sins: pride, envy, anger, sloth, avarice, gluttony and lust. These sins are considered "deadly" as they kill the soul. In this class, using the tools of modern economic analysis, we will consider how academics have examined the economic cause, consequence, and control of these sins. The course will be built around a series of academic readings and a special emphasis will be placed on how economists produce formal empirical tests of economic hypotheses. Each section will begin with a writing by a Catholic theologian that outlines the nature of the sin. Examples of topics covered in the class will be: the terrible levels of gun violence in the US (anger), the twin problems of obesity and drugs in the US (gluttony), how corruption negatively impacts economic growth (avarice), the growing ranks of idle young men in the US (sloth), markets for human trafficking (lust), the health consequences of economic inequality (envy), and the persistence differences in self-perceived ability across sexes (pride). This is a writing intensive course where students have to produce an original piece of research that asks and answers an empirical question of interest to economists within the broad subject matter.

Prerequisites: ECON 30010

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 43770 Economics of European Integration (3 Credit Hours)

This course combines micro- and macro-economic tools with European history, institutions, law, politics, and policies to provide a clear and in-depth analysis of international economic integration. We will examine the principles of markets integration (preferential trade liberalization, scale and growth effects, labor, and migration) and monetary integration (currency areas). The goal of the course is not only to understand the current status of (dis)integration within the European Union but to provide students with the essential economic toolkit to interpret the contemporary evolution and policies of our integrated economy.

ECON 43810 Explaining an Unequal World: Empirical Methods in Development (3 Credit Hours)

This is an advanced undergraduate economics course that will provide a broad introduction to development economics, with an emphasis on the application of modern econometric techniques to questions in development. This course will survey recent literature that examines the factors that explain poverty in the developing world. In particular, we will consider the relative roles of government failures, market failures, history, geography, culture and technology among others. This course will briefly survey 'classic' theories in development and then focus on understanding recent journal articles in detail. We will explore these questions primarily from a microeconomic perspective, paying careful attention to understanding, evaluating and applying econometric techniques. The goal of this course is to introduce students to modern research in development economics and produce an original empirical research paper

Prerequisites: ECON 30331 and ECON 30010 or FIN 30210 or FIN 34210 or FIN 34211

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 43962 Senior Honors Workshop (3 Credit Hours)

This seminar provides instructional support for economics majors completing the undergraduate economics honors program. It also provides a venue where honors program students present progress reports on their senor honors essays to their peers at regular intervals.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 44047 Microeconomics (3,6 Credit Hours)

Oxford description: Microeconomics looks at advanced theoretical and applied aspects of microeconomic theory. The theoretical portion focused on an in depth analysis of welfare and general equilibrium theory, game theory, risk and expected utility, and information economics. On the applied side, the course focused intensely on quantitative and empirical evidence regarding issues of competition policy, education and training, environmental economics and the distribution of income and social security. Hong Kong description: This course is designed to provide students with the analytical tools required to study economic decisions and strategic behavior at an advanced level. It covers decision theory, game theory, and mechanism design.

ECON 44050 Game Theory (2.5,3 Credit Hours)

ECON 20100 Game Theory at UCD; Game theory is a way of thinking about strategic situations. One aim of the course is to teach you some strategic considerations to take into account when making your own choices. A second aim is to predict how other people or organizations behave when they are in strategic settings. We will see that these aims are closely related. We will learn new concepts, methods and terminology. A third aim is to apply these tools to settings from economics and other disciplines. The course will emphasize examples. We will also play several games in class.

ECON 44447 Health Care Economics (2.5,3 Credit Hours)

ECON 30100 Health Economics at UCD; This course gives an overview of some of the main issues in Health Economics. The course begins by reviewing the Grossman model of the demand for health which treats health as both a consumption and an investment good. The course then examines the crucial issue of health insurance and the role of moral hazard and adverse selection. It also discusses the advantages and disadvantages of risk equalisation. The next part of the course analyses the asymmetry in information between doctor and patient, the principal-agent issue and supplier-induced-demand. The course then gives an overview of the role of economic evaluation in healthcare. The course then examines the economics of addictive substances such as tobacco and alcohol. The course then analyses the relationship between health, inequality and development and the final topic is the economics of obesity.

ECON 44581 Economics of Industry (4,8 Credit Hours)

Economics of Industry is concerned with an in-depth analysis of the behaviour of firms, internally and within the marketplace. The course focuses on both theoretical and applied aspects so that student's can apply the theory to actual real world problems. Throughout the course, students will gain an understanding of: 1. the theoretical foundations of firm decisions regarding pricing, product differentiation, advertising, entry, mergers and takeovers, innovation, vertical integration, and organization, 2. the welfare implications of firm behaviour, 3. strategic firm behaviour, its effects on other firms, 4. inappropriate firm behaviour and the design of public policy responses, and 5. methods of determining and analysing firm behaviour through the use of data.

ECON 44799 Money and Banking (8 Credit Hours)

The role of money in general equilibrium models. Aggregate models of price and output fluctuations. The role of banks and other financial intermediaries. Models of monetary policy. Inflation targeting and other policy regimes. Money and public finance. The transmission of monetary policy to asset prices and exchange rates.

ECON 47950 Independent Laboratory Research (1-3 Credit Hours)

Independent study under the direction of a faculty member. Course requirements may include substantial writing as determined by the director. The director will disenroll a student early for failure to meet course requirements. Students who have been disenrolled or who have failed at the end of the first semester are disqualified for Special Studies in the following term.

Prerequisites: ECON 30010 or ECON 30020 or ECON 30331

Course may be repeated.

ECON 47970 Senior Thesis I (3 Credit Hours)

A tutorial requiring a completed essay on a selected topic in Economics in depth. Senior economics majors only.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 47971 Senior Thesis II (3 Credit Hours)

A tutorial requiring a completed essay on a selected topic in Economics in depth. Senior economics majors only.

ECON 48100 Senior Research Project (3 Credit Hours)

The Senior Research Project is a required course for all International Economics majors. Students will produce a high quality research paper combining their language and culture studies with economics. Students will learn about research methods and writing. Instructive feedback and guidance will be provided by the professor throughout the research and writing process.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

ECON 48600 Senior Honors Thesis (3 Credit Hours)

A tutorial requiring a completed thesis on a selected topic in economics. The faculty of economics awards the John Harold Sheehan Prize to the graduating senior who has written the best senior honors thesis. Senior economics majors only.

Satisfies the following University Core Requirements: WRIT - Writing Intensive

Course may be repeated.