College of LS&A

Fall Academic Term '02 Graduate Course Guide

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Courses in Economics


This page was created at 5:38 PM on Thu, Oct 3, 2002.

Fall Academic Term, 2002 (September 3 - December 20)


ECON 401. Intermediate Microeconomic Theory.

Economic Theory and Statistics

Section 001.

Instructor(s): Kai-Uwe Kuhn (kukuhn@umich.edu)

Prerequisites: ECON 101 and 102, and MATH 115. (4). Rackham credit requires additional work.

Credits: (4).

Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/401/001.nsf

This course deals with the theoretical analysis of consumers, firms, markets, and price determination. The analysis is rigorous, using the tools of algebra, geometry, and elementary calculus in constructing models.

Prerequisites include one term of calculus. Economics 401 is a prerequisite for many other courses offered in Economics. Concentrators in economics are required to elect this course and are encouraged to complete it early in their concentration program. It is not recommended that 401 and 402 be taken in the same term. Lecture and discussion sections will both meet twice a week.

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ECON 402. Intermediate Macroeconomic Theory.

Economic Theory and Statistics

Section 001.

Instructor(s): Eric Swanson

Prerequisites: ECON 101 and 102, and MATH 115. (4). Rackham credit requires additional work.

Credits: (4).

Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/402/001.nsf

This is a course in intermediate macroeconomics. The course covers both theoretical and empirical aspects of macroeconomics. The main topics covered are economic growth, business cycles, unemployment, and inflation. It is strongly recommended that students take Econ 401 before 402.

Econ 402 is predominantly a lecture course, with grades based on two midterms, homework assignments, and a final exam. This course is a prerequisite for many other courses offered in Economics. Concentrators in Economics are required to elect this course and are encouraged to complete it early in their concentration program.

Textbooks: Macroeconomics, 5th ed Mankiw, Worth Publishers

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ECON 404. Statistics for Economists.

Economic Theory and Statistics

Section 100.

Instructor(s): Chul-In Lee

Prerequisites: ECON 101 and 102 and MATH 115. No credit granted to those who have completed or are enrolled in ECON 405 or STATS 350, 265, 311, 350, 400, 405, or 412. (4). Rackham credit requires additional work.

Credits: (4).

Course Homepage: No homepage submitted.

Economics 404 is an introduction to Statistics. Topics include descriptive statistics, probability, statistical inference, and an introduction to regression analysis. Grades are determined by problem sets and exams. There are two lectures and one discussion section meeting per week. The course is self-contained and does not serve as a prerequisite to Economics 406.

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ECON 404. Statistics for Economists.

Economic Theory and Statistics

Section 200.

Instructor(s): Chul-In Lee

Prerequisites: ECON 101 and 102 and MATH 115. No credit granted to those who have completed or are enrolled in ECON 405 or STATS 350, 265, 311, 350, 400, 405, or 412. (4). Rackham credit requires additional work.

Credits: (4).

Course Homepage: No homepage submitted.

Economics 404 is an introduction to Statistics. Topics include descriptive statistics, probability, statistical inference, and an introduction to regression analysis. Grades are determined by problem sets and exams. There are two lectures and one discussion section meeting per week. The course is self-contained and does not serve as a prerequisite to Economics 406.

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ECON 405 / STATS 405. Introduction to Statistics.

Economic Theory and Statistics

Section 001.

Instructor(s): Sarah Senesky

Prerequisites: MATH 116. Juniors and seniors may elect this course concurrently with ECON 101 or 102. No credit granted to those who have completed or are enrolled in IOE 265, STATS 265, 400, or 412. Students with credit for ECON 404 can only elect ECON 405 for 2 credits and must have permission of instructor. (4).

Credits: (4).

Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/405/001.nsf

See Statistics 405.001.

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ECON 409. Game Theory.

Economic Theory and Statistics

Section 001.

Instructor(s): Hector Chade

Prerequisites: MATH 217. (4).

Credits: (4).

Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/409/001.nsf

This is a rigorous, intensive, calculus-based introduction to game theory. Game theory naturally partitions into static and dynamic games, and games with complete and incomplete information. After introducing the basics of decision-making under uncertainty (the von Neumann Morgenstern cardinal utility model), we explore all four quadrants, and their associated equilibrium concepts: Nash equilibrium, Bayes-nash equilibrium, subgame perfection, and sequential equilibrium. En route, we consider applications such as bargaining, timing games, auctions, voting, reputation, and educational signalling. Successful students should emerge able to scale ice cliffs with their bare hands, and develop a "beautiful mind".

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ECON 412. Topics in Macroeconomics.

Monetary and Financial Economics

Section 001 Consumption, Investment, and General Equilibrium.

Instructor(s): Zvi Hercowitz

Prerequisites: ECON 402. (3). Rackham credit requires additional work.

Credits: (3).

Course Homepage: No homepage submitted.

This course covers the following topics:

  1. Consumption, the Permanent Income Hypothesis
  2. Investment, optimal capital accumlation
  3. Labor supply and labor demand
  4. General equilibrium in a model with the components (1), (2), and (3)
  5. Including a government in the model, expenditure, taxation, and deficits

This course is based on class notes. The first two classes will be devoted to reviewing background material on basic optimization.

The grade will based on (i) a midterm exam (30%), to be held on Thursday October 24th during class time, and (ii) a final exam (70%).

There will be five or six problem sets during the semester, which will not be graded. The solutions to the problems will be discussed in class.

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ECON 414. Growth Theory.

Economic Theory and Statistics

Section 001.

Instructor(s): Dmitriy L Stolyarov (stolyar@umich.edu)

Prerequisites: ECON 401 and 402. (4). Rackham credit requires additional work.

Credits: (4).

Course Homepage: http://www.econ.lsa.umich.edu/~stolyar/

This is an advanced undergraduate course in macroeconomic theory with the focus on economic growth. The standard of living in a country is determined by its capacity to produce goods and services. Why are some nations richer than others? Why is there economic growth? Will it continue forever? What is the role of social infrastructure in shaping the economic success of a nation? This array of questions will be addressed using the neoclassical and the new growth theory, as well as cutting-edge theories of talent allocation and economics of corruption.

Course requirements include three in-class exams and eight problem sets, some of which require students to perform computer simulation exercises. Textbook: Charles I. Jones, Introduction to Economic Growth, 1st ed., W.W. Norton. Course pack (CP), available at Ulrich's Bookstore.

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ECON 418. Business Cycles.

Monetary and Financial Economics

Section 001.

Instructor(s): Miles S Kimball (mkimball@umich.edu)

Prerequisites: ECON 402. (3). Rackham credit requires additional work.

Credits: (3).

Course Homepage: http://www.econ.lsa.umich.edu/Undergrad/syl418.pdf

Economics 418 examines modern business cycle theories that emphasize dynamics, rational expectations and maximization, including Real Business Cycle and New Keynesian theories. ECON 401 and 402 are both strongly recommended as prerequisites, since modern business cycle theories give a microeconomic foundation to macroeconomics.

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ECON 421. Labor Economics I.

Labor Economics

Section 001.

Instructor(s): Stephen Lich-Tyler

Prerequisites: ECON 401. (3). Rackham credit requires additional work.

Credits: (3).

Course Homepage: No homepage submitted.

This course discusses the economics of labor supply and demand, wage and employment determination, and investment in education and training. The course develops microeconomic models of the labor market, presents relevant empirical evidence, and discusses applications to such policy issues as the the work incentive effects of income maintenance programs and the employment effects of minumum wage legislation.

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ECON 422. The Structure of Labor Markets.

Labor Economics

Section 001.

Instructor(s): Charles C Brown (charlieb@umich.edu)

Prerequisites: ECON 401. (3). Rackham credit requires additional work.

Credits: (3).

Course Homepage: No homepage submitted.

This course is centered around important policy questions and institutions relating to labor markets. The topics may include: effects of unions on wages and working conditions; effects of minimum wage laws on employment and the distribution of income; responses of firms and unemployed workers to unemployment insurance laws; effect of equal-opportunity laws and regulations; effect of Social Security and private pensions on retirement; incentives and job performance; labor markets and macroeconomic policy; labor markets and trade policy.

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ECON 431. Industrial Organization and Performance.

Industrial Organization and Public Control

Section 001.

Instructor(s): Illoong Kwon (ilkwon@umich.edu)

Prerequisites: ECON 401. (3). Rackham credit requires additional work.

Credits: (3).

Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/431/001.nsf

This course will analyze the strategic interactions among firms and their effects on the social welfare. The topics will include the price discrimination, price/quantity competition, collusion, merger, entry deterrence, and antitrust laws. Selected news articles and antitrust cases will be used to illustrate some of the key concepts. Students should be prepared to participate frequently in class discussions.

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ECON 435. Financial Economics.

Monetary and Financial Economics

Section 001.

Instructor(s): Benjamin Remy Chabot (remy@umich.edu)

Prerequisites: ECON 401, and 404 or 405. (4). Rackham credit requires additional work.

Credits: (4).

Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/435/001.nsf

The financial economics course provides the student with an examination of a wide array of financial instruments and institutions in today's global marketplace. In taking this course, you will develop an understanding of the numerous money-market and capital market instruments and rates, the determinants of equity and bond values, and the workings of various financial markets. Financial derivatives, specifically futures and options, are introduced and their relationship to portfolio management and hedging strategy is analyzed.

The course introduces the Capital Asset Pricing Model, Markowitz diversification, duration and bond portfolio management, and the Black-Scholes option-pricing model. As part of the coursework, you will apply the concepts presented in class and investigate the fundamental components that determine the value of major U.S. corporations.

Text:

  • Capital Markets: Institutions and Instruments, 2nd ed., Fabozzi & Modigliani.

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    ECON 442. International Finance.

    International Economics

    Section 001.

    Instructor(s): Zvi Hercowitz

    Prerequisites: ECON 402. (4). Rackham credit requires additional work.

    Credits: (4).

    Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/442/001.nsf

    This course covers two broad topics:

    1. Fiscal and monetary policy in an open economy - This part of the course centers on the Mundell-Flemming model. Fiscal and monetary policy under flexible and fixed exchange rates. Interaction between economic policies and capital mobility. Conflicts of interests between the Central Bank and the Treasury.
    2. Saving, investment, and the balance of payments - The discussion here is based on a simple intertemporal framework. The households decide on consumption and saving, and the firms decide on investment and capital accumulation. The effects of government spending, taxation, and deficits on national saving and the balance of payments.

    This course is based on class notes. The first two classes will be devoted to reviewing background material on basic optimization. Grades will be based on (i) a midterm exam (30%) to be held on Thursday, October 24th during class time, (ii) homework (10%), and (iii) a final exam (60%).

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    ECON 455. The Economy of the People's Republic of China.

    Comparative Economic Systems and National Economies

    Section 001.

    Instructor(s): Albert Francis Park (alpark@umich.edu)

    Prerequisites: ECON 101 and 102. (3). Rackham credit requires additional work.

    Credits: (3).

    Course Homepage: No homepage submitted.

    This course will examine the process of institutional change and economic development through the experiences of mainland China and Taiwan. Emphasis is on economic reforms in mainland China since 1978, including agricultural reforms, rural industrialization, reform of state-owned enterprises, international trade and foreign investment, fiscal and financial reforms, and regional inequality and poverty. Other topics: record of socialist planning in China; pace and sequence of reform in socialist economies; Taiwan's structural transformation; and China's entry into the World Trade Organization.

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    ECON 457. Post-Socialist Transition in Central/Eastern Europe and the Former Soviet Union.

    Comparative Economic Systems and National Economies

    Section 001.

    Instructor(s): Klara Sabirianova (klaras@umich.edu)

    Prerequisites: ECON 101 and 102. (3).

    Credits: (3).

    Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/457/001.nsf

    The course provides an introduction to economics of transition to a market economy. The geographic focus will be Central and Eastern Europe, Russia and other countries of the former Soviet Union. The course will address mainly microeconomic issues of reforms such as institutional change, privatization of formerly state-owned enterprises, structural change, and the role of the state. Other topics, including macroeconomic stabilization, price liberalization, and social protection policies will be also considered but primarily in relation to microeconomic reforms and restructuring.

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    ECON 461. The Economics of Development I.

    Economic Development

    Section 001.

    Instructor(s): Rohini Somanathan (rohinis@umich.edu)

    Prerequisites: ECON 401. No credit granted to those who have completed or are enrolled in ECON 360. (3). Rackham credit requires additional work.

    Credits: (3).

    Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/461/001.nsf

    This course is an introduction to questions related to the economic development of countries. The term "economic development" is very broad and we will consider a number of aspects of such development. We will examine the factors that account for differences in per capita income across countries, the characteristics of traditional societies that are conductive to growth and modernization and the relationship between growth, income distribution and other indices of development such as health and education. We will also ask how property rights and institutions influence technological change in different sectors of the economy and how social norms and networks in traditional societies can help resolve contractual problems associated with development. Methodologically, the course will be a mixture of mathematical models and empirical studies. Intermediate microeconomics is the only prerequisite.

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    ECON 496. History of Economic Thought.

    Economic History

    Section 001.

    Instructor(s): Frank W Thompson (fthom@umich.edu)

    Prerequisites: ECON 101 and 102. (3). Rackham credit requires additional work.

    Credits: (3).

    Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/496/001.nsf

    The aim of the course is to deepen understanding of contemporary economic questions by situating them in the context of how such questions have arisen and been debated in the history of economic thought. The first part of the course selectively surveys economic thought from its origins, culminating in Adam Smith's Wealth of Nations (1776), through Keynes' General Theory (1936). Along the way Malthus, Ricardo, Marx, Mill, Walras, and Marshall are treated with emphasis on theories of production and distribution. The second part of the course focuses on the development of welfare economics and comparative economic systems theories in the last century. Throughout the course economic theories are related to the historical contexts in which they have developed. Attention is also paid to questions concerning the scientific status of economic theories as well as to their relation to policy and normative considerations.

    Evaluation for the course is based on midterm and final examinations and two papers, a short paper (c. 1,250 words) early in the course and a longer term paper (c. 3,000 words). Class discussion both in the classroom and on the class email group list is very strongly encouraged.

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    ECON 499. Independent Research.

    Honors Program, Internships, Seminars, and Independent Research

    Instructor(s):

    Prerequisites: Written permission of staff member supervising research, and permission of the economics concentration advisor. (1-4). No more than four credits may be used in an economics concentration program. Rackham credit requires additional work. (INDEPENDENT). May be repeated for a total of eight credits.

    Credits: (1-4).

    Course Homepage: No homepage submitted.

    Student and instructor agree on a substantial piece of work involving reading or research. Evaluation is based on the written work, either papers or examinations.

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    ECON 500(553). Quantitative Methods.

    Economic Theory and Statistics

    Section 001.

    Instructor(s): Dmitriy L Stolyarov (stolyar@umich.edu)

    Prerequisites: Graduate standing. (3).

    Credits: (3).

    Course Homepage: http://www.econ.lsa.umich.edu/~stolyar/

    Many real-world decision problems look impossibly complex. Mathematics is a language for translating these problems into concise, exact and logical framework. The use of mathematics enables economists to describe and solve the problems that cannot be tackled effectively in any other way. A modern economist must know how to turn economic problems into mathematical problems, how to solve them, and how to interpret the results. The course will focus on general techniques of solving several important classes of mathematical problems frequently encountered in economics. In the first part of the course, we will learn the language of mathematics: how to manipulate mathematical objects such as sets, functions, graphs, derivatives, equations and matrices. The second part will describe the basic techniques of solving the systems of equations and finding the maxima of functions. The third part will introduce probability theory and elements of statistical inference. Martin, Anthony, and Norman Biggs, Mathematics for Economics and Finance, Cambridge University Press, ISBN 0-521-55913-8 Kmenta, Jan, Elements of Econometrics, 2nd ed., The University of Michigan Press, ISBN 0-472-10866-7

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    ECON 501. Microeconomic Theory.

    Economic Theory and Statistics

    Section 001.

    Instructor(s): Janet S Netz (netz@umich.edu)

    Prerequisites: ECON 401. (3). Rackham credit requires additional work.

    Credits: (3).

    Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/501/001.nsf

    This course is designed for students in the MAE program. Basic models in the principal areas of microeconomic theory are covered: consumer demand, production and costs, product markets, factor markets, market efficiency, and market failure. The goal of the course is to teach students who to apply these tools to the analysis of specific microeconomic policy problems. This is done through class examples and through a term paper on a public policy issue of the student's choice.

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    ECON 541 / PUBPOL 541. International Trade Policy.

    International Economics

    Section 001.

    Instructor(s): James A Levinsohn (jamesl@umich.edu)

    Prerequisites: Graduate standing. This course presumes a prior knowledge of intermediate economics. (3).

    Credits: (3).

    Course Homepage: http://www.econ.lsa.umich.edu/~jamesl/spp541_02/spp541.html

    See Public Policy 541.001.

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    ECON 586 / PUBPOL 741. Principles of Finance & Global Financial Markets.

    Monetary and Financial Economics

    Section 001.

    Instructor(s): Kathryn Mary Dominguez (kathrynd@umich.edu)

    Prerequisites: ECON 555 or ECON 501; Graduate standing and permission of instructor. (3).

    Credits: (3).

    Course Homepage: http://www-personal.umich.edu/~kathrynd/spp741page.htm

    See Public Policy 741.001.

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    ECON 599. Special Tutorial.

    Honors Program, Internships, Seminars, and Independent Research

    Instructor(s):

    Prerequisites: Graduate standing and permission of instructor. (1-3). (INDEPENDENT).

    Credits: (1-3).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 600. Math for Economists.

    Economic Theory and Statistics

    Section 001.

    Instructor(s): Daniel Silverman

    Prerequisites: Graduate standing and permission of instructor. Highly recommended for students taking ECON 601 and required for all Ph.D. students in Economics. (4).

    Credits: (4).

    Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/600/001.nsf

    This course offers an introduction to the mathematics used in contemporary economics. Topics covered include linear algebra and matrices, multivariable calculus, and optimization theory. The course also provides an introduction to differential and difference equations and dynamic programming. Students may place out of the course by exam. The course begins in late August, two weeks before the beginning of the Fall Term.

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    ECON 601. Microeconomic Theory I.

    Economic Theory and Statistics

    Section 001 MEETS SEPT 5 - OCT 23. (Drop/Add deadline=September 23).

    Instructor(s): Emre Ozdenoren (emreo@umich.edu)

    Prerequisites: ECON 600, Graduate standing and permission of instructor. (1.5).

    Mini/Short course

    Credits: (1.5).

    Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/601/001.nsf

    No Description Provided. Contact the Department.

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    ECON 602. Microeconomic Theory II.

    Economic Theory and Statistics

    Section 001 MEETS OCT 25 - DEC 19.

    Instructor(s): Lones Smith (lones@umich.edu)

    Prerequisites: ECON 601. (1.5).

    Mini/Short course

    Credits: (1.5).

    Course Homepage: http://www.umich.edu/~lones/teach.html

    This course studies the foundations of decision theory and game theory. In the first two weeks, we introduce the von Neumann Morgenstern cardinal utility model, the Allais and Ellsberg Paradoxes, risk aversion, and stochastic dominance theorems, as well as time inconsistent preferences. The rest of the course is a game theory primer: Strategic and extensive form games of complete and incomplete information, and their associated equilibrium concepts from rationalizability, through Nash and Subgame perfect equilibrium, sequential equilibrium, and the intuitive refinement. We study examples from auctions, dynamic social interaction, bargaining, timing games, and job market signalling. Students emerge from the course able to scale ice cliffs with their bare hands.

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    ECON 607. Macroeconomic Theory II.

    Economic Theory and Statistics

    Section 001.

    Instructor(s): Christopher House

    Prerequisites: ECON 600. Graduate standing. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    Addresses topics that include models of aggregate supply and business cycles (rational expectations, new Keynesian, real business cycles, coordination failure and multiple equilibrium), money supply and demand, investment and consumption demand and their relationship to financial markets, and fiscal and monetary policy. The primary emphasis of the course is on understanding different models, their interrelationship, and empirical evidence, but new analytic tools are developed and applied as needed.

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    ECON 611. Stabilization Policy.

    Other Topics in Economics

    Section 001.

    Instructor(s): Robert B Barsky (barsky@umich.edu), Miles S Kimball (mkimball@umich.edu)

    Prerequisites: ECON 602 and 604; 611. Graduate standing. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 617(618). Game Theory.

    Economic Theory and Statistics

    Section 001.

    Instructor(s): Lones Smith (lones@umich.edu)

    Prerequisites: ECON 600, 601, 602, 603, 604, and 609. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    An advanced game theory course. Topics include: solution concepts, (iterated dominance, rationalizability, Nash equilibrium, subgame perfection, sequential equilibrium), infinitely repeated games (dynamic programming, self-generation, stick-and-carrot punishments, renegotiation folk theorems), evolutionary game theory (evolutionary stable etrategies, replicator dynamics, adaptive play), games with incomplete information (revelation principle, single crossing property, mechanism design), and bargaining theory. Many examples illustrate these concepts: Vickrey auctions, signalling games, entry-deterrance, oligopolistic supergames, optimal auction design, and non-linear pricing.

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    ECON 621. Labor Economics I.

    Labor Economics

    Section 001.

    Instructor(s): John Bound (jbound@umich.edu)

    Prerequisites: ECON 601, 603, 673, 674; and Graduate standing. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 631. Industrial Organizations and Public Policy.

    Industrial Organization and Public Control

    Section 001.

    Instructor(s): Illoong Kwon (ilkwon@umich.edu)

    Prerequisites: ECON 601 and 603 and Graduate standing. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 641. International Trade Theory.

    International Economics

    Section 001.

    Instructor(s): Juan Hallak (hallak@umich.edu)

    Prerequisites: ECON 601 and 603. Graduate standing. (3).

    Credits: (3).

    Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/641/001.nsf

    This course deals with the microeconomic aspects of international economics. Specific topics covered include theories of international specialization and exchange, trade policy and economic welfare, international factor movement, trade and growth, under both perfect competition and imperfect competition, and selected problems of trade policy in the international trading system. For most topics, both theoretical and empirical results from the literature are examined.

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    ECON 662 / NRE 669. Environmental Economics.

    Environmental Economics

    Section 001.

    Instructor(s): Leonid Hurwicz

    Prerequisites: ECON 501 or 603, 653. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 663 / HISTORY 622. European Economic History.

    Economic History

    Section 001.

    Instructor(s): Benjamin Remy Chabot (remy@umich.edu)

    Prerequisites: ECON 401 and 402. Graduate standing. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 665. Economic Development of Underdeveloped Countries.

    Economic Development

    Section 001.

    Instructor(s): Albert Francis Park (alpark@umich.edu), Rohini Somanathan (rohinis@umich.edu)

    Prerequisites: Graduate standing. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    This course examines microeconomic issues in economic development, focusing on modeling approaches and empirical applications. The first part of the course (taught by Park) examines household decision-making, including risk-coping strategies, technology adoption, migration, intra-household resource allocation, and health and educational investments. The second part of the course (taught by Somanathan) examines game theoretic and other models of rural institutions, inequality, and public finance.

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    ECON 671(673) / STATS 505. Econometric Analysis I.

    Economic Theory and Statistics

    Section 001.

    Instructor(s): Shakeeb Khan

    Prerequisites: Graduate standing and permission of instructor. (3).

    Credits: (3).

    Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/671/001.nsf

    See Statistics 505.001.

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    ECON 675. Applied Microeconometrics.

    Economic Theory and Statistics

    Section 001.

    Instructor(s): John DiNardo (jdinardo@umich.edu)

    Prerequisites: ECON 671 and 672; Graduate standing. (3).

    Credits: (3).

    Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/675/001.nsf

    This course is designed for Ph.D. students in Economics who are working on their own empirical projects with a focus on the sensible application of econometric methods to empirical problems with micro data. The course provides background on issues that arise when analyzing non-experimental economic data and a guide for tools that are useful for applied research. The topics covered and format of the course will depend on the interests of students in the class. Students will also be expected to lead discussions of the practical problems in their own empirical work and present preliminary empirical results from their own work.

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    ECON 678(775) / STATS 575. Econometric Theory I.

    Economic Theory and Statistics

    Section 001.

    Instructor(s): Shinichi Sakata (ssakata@umich.edu)

    Prerequisites: ECON 671, 672, and 600. (3).

    Credits: (3).

    Course Homepage: http://coursetools.ummu.umich.edu/2002/fall/econ/678/001.nsf

    See Statistics 575.001.

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    ECON 684. Government Revenues.

    Public Finance

    Section 001.

    Instructor(s): James R Hines Jr

    Prerequisites: ECON 601. Graduate standing. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 695. Introduction to Economic Research I.

    Honors Program, Internships, Seminars, and Independent Research

    Section 001.

    Instructor(s): Julianne Berry Cullen (jbcullen@umich.edu), Robert B Barsky (barsky@umich.edu)

    Prerequisites: Graduate standing and permission of instructor. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 700. Research.

    Honors Program, Internships, Seminars, and Independent Research

    Instructor(s):

    Prerequisites: Permission of graduate advisor. Graduate standing. (1-6). (INDEPENDENT).

    Credits: (1-6).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 739 / PUBPOL 747. Topics in International Economic Policy.

    International Economics

    Section 001 The International Financial System: Problems and Proposals for Reform. (2 Credits) MEETS SEPTEMBER 3 - OCTOBER 22, 2002. (Drop/Add deadline=September 23).

    Instructor(s): Robert Stern (rmstern@umich.edu)

    Prerequisites: ECON 542 and Graduate standing. (2-4). May be repeated for credit.

    Mini/Short course

    Credits: (2-4).

    Course Homepage: No homepage submitted.

    See Public Policy 747.001.

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    ECON 739 / PUBPOL 747. Topics in International Economic Policy.

    International Economics

    Section 002 ISSUES IN THE WTO MUTILATERAL TRADE NEGOTIATIONS. (2 Credits). MEETS OCTOBER 22 - DECEMBER 10, 2002. (Drop/Add deadline=November 4).

    Instructor(s): Robert Stern (rmstern@umich.edu)

    Prerequisites: ECON 542 and Graduate standing. (2-4). May be repeated for credit.

    Mini/Short course

    Credits: (2-4).

    Course Homepage: No homepage submitted.

    See Public Policy 747.002.

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    ECON 811(711). Seminars in Monetary Theory.

    Monetary and Financial Economics

    Section 001.

    Instructor(s): Susanto Basu (sbasu@umich.edu), Christopher L House (chouse@umich.edu), Robert B Barsky (barsky@umich.edu)

    Prerequisites: Graduate standing and permission of instructor. (2).

    Credits: (2).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 821(721). Seminars in Labor Economics.

    Labor Economics

    Section 001.

    Instructor(s): George E Johnson (gjohnson@umich.edu), John Bound Charles C Brown (charlieb@umich.edu)

    Prerequisites: Graduate standing and permission of instructor. (2).

    Credits: (2).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 825 / HISTORY 825 / ANTHRCUL 825 / CHIN 825 / POLSCI 825 / SOC 825. Seminar in Chinese History and Society.

    Economic History

    Instructor(s):

    Prerequisites: Either language knowledge (Chinese or Japanese) or HISTORY 351 or POLSCI 355. Graduate standing. (3). (INDEPENDENT).

    Credits: (3; 2 in the half-term).

    Course Homepage: No homepage submitted.

    See History 825.

    Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 5, Permission of Department

    ECON 831(731). Seminars in Public Policy toward Business.

    Industrial Organization and Public Control

    Section 001.

    Instructor(s): Illoong Kwon (ilkwon@umich.edu), Kai-Uwe Kuhn (kukuhn@umich.edu)

    Prerequisites: Graduate standing and permission of instructor. (2).

    Credits: (2).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

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    ECON 841. Research Seminar in International Economics.

    Honors Program, Internships, Seminars, and Independent Research

    Section 001.

    Instructor(s): James A Levinsohn (jamesl@umich.edu)

    Prerequisites: Graduate standing. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    The Research Seminar in International Economics is a University of Michigan center that is operated jointly by the School of Public Policy and the Department of Economics. It was founded by Professor Robert M. Stern in the Department of Economics in 1963. It has been distributing discussion papers since 1968, and it became affiliated with the School of Public Policy in 1980. The activities of the Research Seminar include a weekly seminar or workshop, an ongoing program of faculty and graduate student research, linkages with developing country institutions, conferences involving academics and policy makers, training of graduate students specializing in international economics and international economic law, and the distribution of a series of RSIE Discussion Papers.

    Co-directors of the Research Seminar are Alan V. Deardorff, James A. Levinsohn, and Robert M. Stern, Professor, Associate Professor and Professor, respectively, of Economics and Public Policy. Other core faculty include: Drusilla K. Brown (Tufts University); John H. Jackson (Law), Lutz Kilian (Economics), and Gary Saxonhouse (Economics). Several additional faculty members from Economics, Business Administration, and Public Policy also participate actively in the Research Seminar. The Research Seminar is administered by the School of Public Policy and is located on the fourth floor of Lorch Hall, the building that also houses the Department of Economics.

    Faculty research currently in progress under the auspices of the Research Seminar includes such topics as: the future of the multilateral trading system; preferential trading arrangements; econometric analysis of trade and trade policies; international taxation, international finance, and international corporate behavior; economic reform and transition; international economic law and policy; and international political economy.

    Research results are reported initially in the form of Discussion Papers. For almost thirty years, these have been circulated periodically to about 200 specialists in international economics and to government and international agencies and institutions. More recent discussion papers are available for viewing and downloading here on the World Wide Web.

    In 1989, a series of Studies in International Economic Policy was established under the auspices of the University of Michigan Press. Professor Stern is the General Editor of the series.
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    ECON 851. Advanced Economic Theory.

    Economic Theory and Statistics

    Section 001.

    Instructor(s): Ennio S Stacchetti (ennio@umich.edu), Emre Ozdenoren (emreo@umich.edu), Lones A Smith (lones@umich.edu)

    Prerequisites: Graduate standing. (3).

    Credits: (3).

    Course Homepage: http://www-personal.umich.edu/~emreo/seminar.html

    No Description Provided. Contact the Department.

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    ECON 859(759). Seminars in Comparative Economic Development.

    Comparative Economic Systems and National Economies

    Section 001.

    Instructor(s): Andrew M Coleman (coldman@umich.edu), Albert Francis Park (alpark@umich.edu)

    Prerequisites: Graduate standing. (2).

    Credits: (2).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

    Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.

    ECON 864. Seminar in Economic History.

    Economic History

    Section 001.

    Instructor(s): Warren C Whatley (wwhatley@umich.edu), Benjamin Remy Chabot (remy@umich.edu)

    Prerequisites: Graduate standing. (3).

    Credits: (3).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

    Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.

    ECON 881(781). Seminars in Public Finance.

    Public Finance

    Section 001.

    Instructor(s): Julianne Berry Cullen (jbcullen@umich.edu), f\

    Prerequisites: Graduate standing and permission of instructor. (2).

    Credits: (2).

    Course Homepage: No homepage submitted.

    No Description Provided. Contact the Department.

    Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.

    ECON 990. Dissertation/Precandidate.

    Honors Program, Internships, Seminars, and Independent Research

    Instructor(s):

    Prerequisites: Election for dissertation work by doctoral student not yet admitted as a Candidate. Graduate standing. (1-8). (INDEPENDENT). May be repeated for credit.

    Credits: (1-8; 1-4 in the half-term).

    Course Homepage: No homepage submitted.

    Election for dissertation work by doctoral student not yet admitted as a Candidate.

    Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 5, Permission of Instructor

    ECON 995. Dissertation/Candidate.

    Honors Program, Internships, Seminars, and Independent Research

    Instructor(s):

    Prerequisites: Graduate School authorization for admission as a doctoral Candidate. Graduate standing. (8). (INDEPENDENT). May be repeated for credit.

    Credits: (8; 4 in the half-term).

    Course Homepage: No homepage submitted.

    Graduate School authorization for admission as a doctoral Candidate. N.B. The defense of the dissertation (the final oral examination) must be held under a full term Candidacy enrollment period.

    Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 5, Permission of Instructor

    Undergraduate Course Listings for ECON.


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