Prerequisites & Distribution: No credit granted to those who have completed or are enrolled in 400. (4). (SS). (QR/2).
Credits: (4; 3 in the half-term).
Course Homepage: No Homepage Submitted.
Economics 101 examines the microeconomics of capitalism – the behavior of households and businesses and the generation of prices and outputs in markets. Specific topics in Economics 101 include: supply and demand; price controls; competition and efficiency; the differences between competition and monopoly; labor markets; environmental problems and policies; and government taxation and expenditure issues. Economics 101 is the first part of the two-term introduction to economics – the second part (Economics 102, for which Economics 101 is a prerequisite) examines macroeconomics. Prerequisites for 101: high school algebra and geometry and a willingness to use them. The course format consists of large lectures taught by the professor and one small one-and-a-half-hour section meeting per week taught by a graduate student instructor.
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Prerequisites & Distribution: Econ. 101 and 102, and Math. 115. (3). (SS). (QR/1).
Credits: (3).
Course Homepage: No Homepage Submitted.
This course in macroeconomics deals with the determination of broad economic aggregates such as national income, employment, the price level, and the balance of payments in both the short run and the long run. Rigorous analysis is used to understand the forces that determine these economic variables, and how they are affected by public policies. It is predominantly a lecture course, with grades based on hour test(s), written exercises, and final exam. Economics 402 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 strongly recommended that students take Economics 401 before 402.
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Prerequisites & Distribution: Math. 116 or 118. 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 Stat. 265, 311, or 412. Students with credit for Econ. 404 can only elect Econ. 405 for 2 credits and must have permission of instructor. (4). (MSA). (BS). (QR/1).
Credits: (4).
Course Homepage: No Homepage Submitted.
This course is designed for economics concentrators but is sufficiently general to serve noneconomics concentrators as well. The emphasis is on understanding rather than on "cookbook" applications. Students are expected to know basic algebra and basic calculus. Since the course emphasizes the foundations of statistical inference, it is recommended that after finishing the course students elect Economics 406 or a similar course in the Statistics department to gain experience with applications and computational methods. This course is designed for quantitatively oriented students who are comfortable with abstract concepts and mathamatical techniques. Students who prefer a broader, less rigorous approach to statistics should elect Econ. 404. Evaluation of students in the course is based on examinations and homework assignments. There are three hours of lectures and one hour of discussion per week. 405 is a prerequisite for 406 (Econometrics)
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Prerequisites & Distribution: Math. 217. (3). (Excl). (BS).
Credits: (3).
Course Homepage: No Homepage Submitted.
This course will consist of an introduction to the subject of game theory. Game theory has become an important technique for studying competitive and cooperative phenomena in economics and the social sciences. Traditional economics emphasizes the two extremes of economic decision-making: perfect competition, in which no firm can affect market prices, and pure monopoly, in which one firm has complete price-setting power. Game theory is a technique which allows intermediate situations to be analyzed: for example, those that arise during wage negotiations or in price wars between two large firms. The same principles that govern the strategic interaction of players in parlor games like Chess or Poker turn out to be widely applicable to a whole range of such phenomena in economics, biology, and political science. The current course will explore the beginnings of the subject using simple illustrative examples. Some calculus and matrix algebra will be needed, but the mathematical requirement is more for some sophistication in methods of argumentation rather than for specific techniques.
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Prerequisites & Distribution: Econ. 401 and 405. (3). (Excl).
Credits: (3).
Course Homepage: No Homepage Submitted.
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 US corporations.
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Prerequisites & Distribution: Econ. 401 or HMP 660. (3). (Excl).
Credits: (3).
Course Homepage: No Homepage Submitted.
This course provides an economic analysis of health care services. It begins with a discussion of what makes the provision of health services different from that of most other goods and services we examine in economics. We will consider how to model the demand and supply of health care as an economic good. Specific topics include the market structure of health services, the demand for medical care, physicians and hospitals as suppliers of health services, health insurance, government provision of health services and international comparisons of health care systems.
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This page was created at 11:34 AM on Wed, Sep 29, 1999.