Core Microeconomics
8711 Microeconomic Theory IA G 3
Rigorous survey of the neoclassical paradigm dealing with individual economic agents, firms and markets; covers core concepts and methods such as equilibrium, optimality, duality, comparative statics and envelope theorems. Prereq: Grad standing in Econ, or related discipline with permission of Economics Director of Grad Studies. Not open to students with credit for 804.
8712 Microeconomic Theory IB G 3
Continuation and extension of Microeconomic Theory 1A to study competitive general equilibrium, optimality and welfare theorems; includes analysis of individual agents' behavior under uncertainty and markets subject to asymmetric information.Prereq: 8711 (804), or equiv, and permission of Economics Director of Grad Studies. Not open to students with credit for 805.
8713 Microeconomic Theory IIA G 3
Rigorous introduction to game theoretic methods and concepts and their applications to study strategic interactions in economic organizations, including imperfectly competitive markets and economies with public goods and externalities.Prereq: 8711 (804), or 8712 (805), or equiv with permission of economics director of gradstudies. Not open to students with credit for 808.
8714 Microeconomic Theory IIB G 3
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. Notopen to students with credit for 808.
Core Macroeconomics
8721 Macroeconomic Theory IA G 3
A rigorous introduction to modern macroeconomic analysis and models of economic growth with emphasis on dynamic competitive equilibrium analysis: topics include dynamic programming applied to stochastic environments.Prereq: Grad standing, and permission of Economics Director of Grad Studies. Not open to students with credit for 806.
8722 Macroeconomic Theory IB G 3
Continuation of 8721 with recent developments in macro and monetary economics; topics include business cycles, endogenous growth, equilibrium unemployment and risk sharing in incomplete markets. Prereq: 8721 (806), or equiv, and permission of Economics Director of Grad Studies. Not open to students with credit for 807.
8723 Macroeconomic Theory IIA G 3
Continuation of Macroeconomic Theory IA-IB with emphasis on dynamic general equilibrium models with shocks and frictions and their empirical assessment.Prereq: 8722 (806), or equiv, and permission of Economics Director of Grad Studies. Not opento students with credit for 807 or 809.
8724 Macroeconomic Theory IIB G 3
Micro foundations of aggregate demand from the perspective of dynamic optimization; topics also include permanent income, lifetime portfolio choice, Q-theory of investment, consumption CAPM, term structure and long term risk. Prereq: 8723, or 806 and 807, or equiv, and permission of Economics Director of Grad Studies. Not open to students with credit for 809.
Core Econometrics
8731 Econometrics I G 4
Probability; random variables; sampling distributions; limit theorems; point and interval estimation; statistical hypothesis testing; multiple regression analysis in the linear model including finite-sample and asymptotic statistical properties. Prereq: 670 (640), or Stat 5201 (521), or equiv with permission of economics director of grad studies. Not open to students with credit for 640, 740, 741, or 742.
8732 Econometrics II G 4
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 (740, 741) or equiv with permission of economics director of grad studies. Not open to students with credit for 640, 740, 741, and 742.
8733 Econometrics III G 3
Continuation of Economics 8731 and 8732 with an emphasis on applications of econometric theory and methods, including the use of advanced econometric software to various fields of economics. Prereq: Econ 8731 and 8732, or equiv with permission of instructor. Not open to students with credit for 640, 740, 741, and 742.