Survey of methods as applied in econometric analysis, with applications to programming in R. Topics include data management and visualization, linear regression, causal inference, fixed/random effects, nonparametric analysis, and nonlinear models. Prereq: 4400 or 5410 or Stat 2450, and Math 2568 or equiv.; or permission of instructor. Not open to students with credit for 8731, 8732, or 8733.
Advanced study of the labor market including labor demand and supply, wage determination, and unemployment. Prereq: 4400 (444), 5410 (641), or Stat 2450 (245); and 4001.01 (501.01), 4001.02 (501.02), or 4001.03, or equiv. Not open to students with credit for 685.
Organization, functions, and control of money markets and their submarkets; flow of funds in these markets and investment policies of market participants. Prereq: 4400 (444), or 5410 (641), and 4001.01 (501.01), 4001.02 (501.02), or 4001.03, and 4002.01 (502.01), 4002.02 (502.02), or 4002.3, or Stat 2450 (245), or equiv. Not open to students with credit for 625.
Applications of economic analysis to industrial organizations including the firm's internal incentive structure, labor markets, and financial institutions, of major market economies such as U.S., and Japan from comparative perspectives. Prereq: 4001.01 (501.01), 4001.02 (501.02), or 4001.03, or equiv, or Grad standing. Not open to students with credit for 672.
Analysis of behavior in strategic situations - when a person or firm's best action depends on what others do. Prereq: 4001.01 (501.01), 4001.02 (501.02), or 4001.03, and Math 1131 (132), 1151 (151 and 152), 1152 (153), 1161 (161 and 162), or 2182H (263H), or equiv. Not open to students with credit for 601.
Survey of macroeconomics fluctuations, business cycles and economic growth, including Keynesian, monetarist and real business cycle models; topics also include money and banking, unemployment, inflation and endogenous economic growth. Prereq: 4002.01 (502) or equiv with permission of instructor and economics director of graduate studies. Not open to students with credit for 8721 (806), or 8722 (807) or 706, or 707.
Core analytical methods and techniques routinely used in the first-year graduate courses in economic theory; topics include basic real analysis, convexity, constrained optimization, envelope theorems and their economics applications. Prereq: 4001.01, 4001.02, 4001.03, or 501A and graduate mathematics courses in vector calculus and elementary linear algebra. Not open to students with credit for 704, or 705.
Methodology and scope of the neo-classical microeconomics paradigm; topics include the theory of competitive firms and consumers, general equilibrium, Pareto optimum, welfare theorems, non-competitive markets, uncertainty and asymmetric information. Prereq: 4001.01 or 501A, or equiv, and permission of economics director of graduate studies. Not open to students with credit for 8711 (804), 8712 (805), 704, or 705.
Generalized least squares; specification tests; generalized method of moments; endogenous regressors and simultaneous equation systems; panel data; nonlinear estimation; discrete and limited dependent variable models; and basic time-series analysis. Prereq: 8731 or equiv with permission of economics director of grad studies. Not open to students with credit for 640, 740, 741, and 742.
A theoretical treatment of information economics and mechanism design; topics include implementation, dominant strategy mechanism, Bayesian mechanism design, adverse selection, moral hazard, social choice and auctions. Prereq: 8713 (805), or equiv, and permission of Economics Director of Graduate Studies. Not open to students with credit for 808.