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or APMA 1655 Honors Statistical Inference I Economics ECON 1629 Applied Research Methods for 1 or ECON 1630 Mathematical I 3 Chair At least five additional 1000-level Economics courses. 5 Total Credits 11 John N. Friedman 1 Students who place out of ECON 0110 on the basis of qualifying Economics is a social science that analyzes how people, , scores on the AP, IB, or A-level exams must take an additional 1000- and governments make the best of limited resources, and how they level course (6 instead of 5). make choices when faced with tradeoffs. studies 2 these decision-makers and the markets in which they interact, while Students can satisfy the mathematics requirement with qualifying studies the workings of the as a whole. scores on the AP, IB, or A-level exams (but not the math department's Economics provides tools for understanding issues like self placement exam). Note that certain advanced economics courses may impose additional math prerequisites. inequality, poverty, education, health, , , regulation, and the 3 environment. Students may use either ECON 1070 or ECON 1090 toward the For additional information, please visit the department's website: http:// concentration, but not both. Note that ECON 1960 (thesis course) www.brown.edu/Departments/Economics/ and ECON 1970 (independent research) do not count toward the concentration. Economics Concentration Requirements Economics Track Economics is the study of how individuals, businesses, and governments ECON 0110 Principles of Economics 1 1 allocate resources to satisfy their objectives. The study of economics helps students understand markets, firms, financial , and ECON 0170 Essential Mathematics for Economics 1 public debate about , including taxation, government or MATH 0100 Introductory Calculus, Part II expenditure, trade, globalization, health, and . The concentration or a higher level math course in Economics prepares students for graduate study in fields such as ECON 0710 Financial 1 business and law, for graduate study leading to teaching and research ECON 1110 Intermediate Microeconomics 1 in economics, and can be a stepping-stone to in business, finance, non-, and government organizations. Students may choose or ECON 1130 Intermediate Microeconomics (Mathematical) the standard concentration or the business track, both of which have a ECON 1210 Intermediate Macroeconomics 1 corresponding professional track. ECON 1420 Industrial 2 1 Students are required to begin with ECON 0110, an introductory course or ECON 1460 (Mathematical) that stresses current economic issues, and the concepts and principles ECON 1620 Introduction to Econometrics 1 of economic analysis. Intermediate level courses in microeconomics or APMA 1650 Statistical Inference I (ECON 1110 or ECON 1130), macroeconomics (ECON 1210), and econometrics (ECON 1620 followed by ECON 1629 or ECON 1630 ) or APMA 1655 Honors Statistical Inference I round out the list of foundation courses for the concentration. Economics or MATH 1620 Mathematical Statistics concentrators must also fulfill a math requirement (ECON 0170). ECON 1629 Applied Research Methods for Economists 1 The economics department sponsors a number of concentration options. or ECON 1630 Mathematical Econometrics I The most popular is the standard economics concentration, described ECON 1710 I 1 below. The standard concentration has an optional ECON 1720 Corporate Finance 1 track, also described below. Three additional concentration options are administered jointly with other departments and are described separately Two Business Economics electives from the following list: 2 under their respective titles. They are the concentrations in applied ECON 1090 Introduction to mathematics–economics, mathematical-economics , and computer ECON 1310 Labor Economics science–economics. The first two are especially recommended for ECON 1400 The Economics of Mass Media students interested in graduate study in economics. ECON 1450 Economic Organizations and Economic The department offers many of the required courses in an Systems interdepartmental concentration called Business, Entrepreneurship and ECON 1465 Antitrust and Organizations (BEO). BEO is jointly run by the departments of economics and sociology, and the school of engineering. BEO has three possible ECON 1470 Bargaining Theory and Applications "tracks," of which the business economics track is most closely related ECON 1490 Designing Internet Marketplaces to economics. The BEO concentration and all of its current BEO track ECON 1540 International Trade offerings remain in place through the class of 2023, after which it will be ECON 1550 International Finance discontinued. Please contact the BEO administrator for more details, including information about advising in that concentration. ECON 1660 Big Data ECON 1730 Venture Capital, Private , and Standard Economics Concentration Entrepreneurship ECON 0110 Principles of Economics 1 1 ECON 1740 ECON 0170 Essential Mathematics for Economics 1 ECON 1750 Investments II or MATH 0100 Introductory Calculus, Part II ECON 1760 Financial Institutions or a higher-level math course. 2 ECON 1780 Advanced Topics in Corporate Finance ECON 1110 Intermediate Microeconomics 1 ECON 1820 Theory of or ECON 1130 Intermediate Microeconomics (Mathematical) ECON 1830 Behavioral Finance ECON 1210 Intermediate Macroeconomics 1 ECON 1870 Game Theory and Applications to Economics ECON 1620 Introduction to Econometrics 1 or MATH 1620 Mathematical Statistics Total Credits 12 or APMA 1650 Statistical Inference I

Economics 1 2 Economics

1 1 Students who place out of ECON 0110 on the basis of qualifying International students must declare the professional track of scores on the AP, IB, or A level exams must take an additional their concentration in order for U.S. based internships to qualify Business Economics elective (3 instead of 2). for Curricular Practical Training (CPT). In addition to their other 2 Econ 1460 counts toward the concentration if previously taken (it is concentration requirements, students must complete two two-to-four not being offered in the near future) month full time professional experiences, doing work that is related 3 to their concentration program. Such work is normally done at a Students can satisfy the mathematics requirement with qualifying company or a non profit, but may also be at a university under the scores on the AP, IB, or A-levels exams (but not the Math supervision of a faculty member. Upon completion of each profession department's self placement exam). Note the certain advanced economics courses may impose additional math prerequisites. experience, the student must write a reflective essay on ASK, to be 4 approved by their concentration advisor. Students may use either ECON 1070 or ECON 1090 toward the concentration, but not both. Note that ECON 1960 (thesis course) and ECON 1970 (independent research) does not count toward the Applied Mathematics-Economics concentration. Concentration Requirements All concentrators in economics programs are encouraged to consult their The Applied Mathematics-Economics concentration is designed to reflect concentration advisors regularly. Economics concentrators who wish the mathematical and statistical nature of modern economic theory and to study abroad should consult first with the department transfer credit empirical research. This concentration has two tracks. The first is the advisor. advanced economics track, which is intended to prepare students for graduate study in economics. The second is the mathematical finance Honors track, which is intended to prepare students for graduate study in finance, To graduate with honors, students must satisfy the following requirements or for careers in finance or financial engineering. Both tracks have A.B. by the end of Junior year: degree versions and Sc.B. degree versions, as well as a Professional • Complete at least 70% of the courses required for the concentration. track option. • Have earned a grade of "A" or "S with Distinction" in at least 70% of grades earned in the economics concentration (excluding courses Standard Program for the A.B. degree transferred to Brown without a grade, and those taken spring 2020). (Advanced Economics track): Since S with Distinctions do not appear on the internal academic record or the official transcript, the department will consult directly with Prerequisites: the Registrar's Office to confirm a student's grades in concentration MATH 0100 Introductory Calculus, Part II courses. MATH 0520 Linear Algebra • Secure a faculty thesis advisor in the economics department. Course Requirements: During Senior year, thesis writers must: Applied Mathematics Requirements 1 • Enroll in ECON 1970 with their thesis advisor in the fall and spring (a) semesters (Note thatECON 1970 does not count toward the APMA 0350 Applied Ordinary Differential Equations 2 concentration). & APMA 0360 and Applied Partial Differential Equations • Submit a thesis proposal to their thesis advisor and the Director of I 2 Undergraduate Studies by September 15. Select one of the following: 1 • Submit their work in progress to their thesis advisor by December 20. APMA 0160 Introduction to Computing Sciences • Depending on the nature of the thesis work, the thesis adviser may (preferred) require the student to successfully complete one or more courses from APMA 0200 Introduction to Modelling among the data methods (https://economics.brown.edu/academics/ undergraduate/concentrations/combined/course-groupings/), CSCI 0111 Computing Foundations: Data (https://economics.brown.edu/academics/ CSCI 0150 Introduction to Object-Oriented undergraduate/concentrations/combined/course-groupings/) and/ Programming and Computer Science or (https://economics.brown.edu/academics/ CSCI 0170 Computer Science: An Integrated undergraduate/concentrations/combined/course-groupings/) course Introduction groups in the fall of senior year, if they have not already done so CSCI 0190 Accelerated Introduction to Computer • Complete an honors thesis by the deadline agreed upon with their Science advisor and obtain the final approval of their advisor by April 2. Select one of the following: 1 • Thesis writers are encouraged, but not required, to participate in the departmental Honors Thesis Presentation session held in May. APMA 1200 Operations Analysis: Probabilistic Models 1 or APMA 1210 : Deterministic Models Professional Track Select one of the following: 1 In addition to fulfilling the other concentration requirements, students APMA 1650 Statistical Inference I on the Professional Track must complete 2-6 months of full-time or APMA 1655 Honors Statistical Inference I professional work related to their concentration, with a given internship 1 or job lasting at least one month. International students must declare (b) the professional track of their concentration in order for U.S. based Select one of the following: 1 internships to qualify for Curricular Practical Training (CPT). Such work APMA 1160 An Introduction to Numerical Optimization is normally done at a company, but may also be at a university under the APMA 1180 Introduction to Numerical Solution of supervision of a faculty member. Professional experiences completed Differential Equations over winter break cannot be used to fulfill this requirement. On completion of each professional experience, the student must write and upload to APMA 1200 Operations Analysis: Probabilistic Models ASK a reflective essay about the experience, to be approved by their APMA 1210 Operations Research: Deterministic concentration advisor. Models On completion of each professional experience, the student must APMA 1330 Applied Partial Differential Equations II write and upload to ASK a reflective essay about the experience, to be APMA 1360 Applied Dynamical Systems approved by the student's concentration advisor: APMA 1660 Statistical Inference II

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APMA 1690 Computational Probability and Statistics ECON 1825 Behavioral Economics and Public Policy APMA 1670 Statistical Analysis of Time Series ECON 1830 Behavioral Finance APMA 1680 Nonparametric Statistics One additional 1000-level economics course. 5 1 APMA 1690 Computational Probability and Statistics Total Credits 13 APMA 1710 Information Theory 1 No course may be used to simultaneously satisfy (a) and (b). APMA 1720 Monte Carlo Simulation with Applications 2 APMA 0330 and APMA 0340 may be substituted with advisor to Finance approval, but these are no longer being offered. APMA 1740 Recent Applications of Probability and 3 Or ECON 1110 with permission. For students matriculating at Brown in Statistics Fall 2021 or later, note that if ECON 1110 is used, then one additional APMA 1860 Graphs and Networks course from the mathematical-economics group will be required 4 MATH 1010 Analysis: Functions of One Variable No course may be used to simultaneously satisfy the "mathematical APMA 193X, 194X Senior Seminar series, depending on topic economics" and the "data methods" requirements. 6 5 Note that ECON 1620, ECON 1960, and ECON 1970 (independent Economics Requirements: 3 study) cannot be used for concentration credit. However, 1620 and ECON 1130 Intermediate Microeconomics 1960 can be used for university credit and up to two 1970s may be (Mathematical) 3 used for university credit. 6 ECON 1210 Intermediate Macroeconomics Requires written approval of the Director of Undergraduate Studies in ECON 1630 Mathematical Econometrics I Economics. APMA 1910 is not permitted. Two 1000-level courses from the "mathematical-economics" 2 Standard program for the Sc.B. degree group: 4 ECON 1170 and Social Choice (Advanced Economics track): Theory Prerequisites: ECON 1225 Advanced Macroeconomics: Monetary, MATH 0100 Introductory Calculus, Part II Fiscal, and Stabilization Policies MATH 0520 Linear Algebra ECON 1255 : Models and Policies Course Requirements: ECON 1460 Industrial Organization (Mathematical) Applied Mathematics Requirements ECON 1470 Bargaining Theory and Applications (a) 1 ECON 1490 Designing Internet Marketplaces APMA 0350 Applied Ordinary Differential Equations 2 ECON 1545 Topics in Macroeconomics, Development & APMA 0360 and Applied Partial Differential Equations and I 2 ECON 1640 Mathematical Econometrics II Select one of the following: 1 ECON 1660 Big Data APMA 0160 Introduction to Computing Sciences ECON 1670 Advanced Topics in Econometrics (preferred) ECON 1750 Investments II APMA 0200 Introduction to Modelling ECON 1805 Economics in the Laboratory CSCI 0111 Computing Foundations: Data ECON 1820 Theory of Behavioral Economics CSCI 0190 Accelerated Introduction to Computer ECON 1850 Theory of Science ECON 1860 The Theory of General Equilibrium CSCI 0150 Introduction to Object-Oriented Programming and Computer Science ECON 1870 Game Theory and Applications to Economics CSCI 0170 Computer Science: An Integrated 4 Introduction One 1000-level course from the "data methods" group: 1 Select one of the following: 1 ECON 1301 Economics of Education I APMA 1200 Operations Analysis: Probabilistic Models ECON 1310 Labor Economics or APMA 1210 Operations Research: Deterministic Models ECON 1315 Health, Education, and Social Policy APMA 1650 Statistical Inference I 1 ECON 1340 Economics of Global Warming or APMA 1655 Honors Statistical Inference I ECON 1355 Environmental Issues in Development 1 Economics (b) ECON 1360 Select two of the following: 2 ECON 1375 Inequality of Opportunity in the US APMA 1160 An Introduction to Numerical Optimization ECON 1400 The Economics of Mass Media APMA 1180 Introduction to Numerical Solution of Differential Equations ECON 1430 The Economics of Social Policy APMA 1200 Operations Analysis: Probabilistic Models ECON 1480 APMA 1210 Operations Research: Deterministic ECON 1510 Models ECON 1530 Health, Hunger and the in APMA 1330 Applied Partial Differential Equations II Developing Countries APMA 1360 Applied Dynamical Systems ECON 1629 Applied Research Methods for Economists APMA 1660 Statistical Inference II ECON 1640 Mathematical Econometrics II APMA 1670 Statistical Analysis of Time Series ECON 1660 Big Data APMA 1680 Nonparametric Statistics ECON 1670 Advanced Topics in Econometrics APMA 1690 Computational Probability and Statistics ECON 1765 Finance, Regulation, and the Economy APMA 1710 Information Theory

Economics 3 4 Economics

1 APMA 1720 Monte Carlo Simulation with Applications No course may be used to simultaneously satisfy (a) and (b). 2 to Finance APMA 0330 and APMA 0340 may be substituted with advisor APMA 1740 Recent Applications of Probability and approval, but these are no longer being offered. 3 Statistics Or ECON 1110 with permission. For students matriculating at Brown in APMA 1860 Graphs and Networks Fall 2021 or later, note that if ECON 1110 is used, then one additional MATH 1010 Analysis: Functions of One Variable course from the mathematical-economics group will be required 4 APMA 193X, 194X Senior Seminar series, depending on topic No course may be used to simultaneously satisfy the "mathematical 6 economics" and the "data methods" requirements. 5 Economics Requirements: Students may use either ECON 1070 or ECON 1090 toward the ECON 1130 Intermediate Microeconomics 1 concentration, but not both. Note that ECON 1620, ECON 1960, and (Mathematical) 3 ECON 1970 (independent study) cannot be used for concentration credit. However, 1620 and 1960 can be used for university credit and ECON 1210 Intermediate Macroeconomics 1 up to two 1970s may be used for university credit. 6 ECON 1630 Mathematical Econometrics I 1 Requires written approval of the Director of Undergraduate Studies in Three 1000-level courses from the "mathematical-economics" 3 Economics. APMA 1910 is not permitted. group: 4 ECON 1170 Welfare Economics and Social Choice Standard program for the A.B. degree Theory (Mathematical Finance track): ECON 1225 Advanced Macroeconomics: Monetary, Fiscal, and Stabilization Policies Prerequisites: ECON 1255 Unemployment: Models and Policies MATH 0100 Introductory Calculus, Part II ECON 1460 Industrial Organization (Mathematical) MATH 0520 Linear Algebra ECON 1470 Bargaining Theory and Applications Course Requirements: 13 Courses: 6 Applied Math and 7 Economics ECON 1490 Designing Internet Marketplaces Applied Mathematics Requirements ECON 1545 Topics in Macroeconomics, Development and International Economics (a) ECON 1640 Mathematical Econometrics II APMA 0350 Applied Ordinary Differential Equations 2 & APMA 0360 and Applied Partial Differential Equations ECON 1660 Big Data 1 I ECON 1670 Advanced Topics in Econometrics Select one of the following: 1 ECON 1750 Investments II APMA 0160 Introduction to Computing Sciences ECON 1805 Economics in the Laboratory (preferred) ECON 1820 Theory of Behavioral Economics APMA 0200 Introduction to Modelling ECON 1850 Theory of Economic Growth CSCI 0111 Computing Foundations: Data ECON 1860 The Theory of General Equilibrium CSCI 0150 Introduction to Object-Oriented ECON 1870 Game Theory and Applications to Programming and Computer Science Economics CSCI 0170 Computer Science: An Integrated One 1000-level course from the "data methods" group: 4 1 Introduction ECON 1301 Economics of Education I CSCI 0190 Accelerated Introduction to Computer ECON 1310 Labor Economics Science ECON 1315 Health, Education, and Social Policy APMA 1200 Operations Analysis: Probabilistic Models 1 ECON 1340 Economics of Global Warming APMA 1650 Statistical Inference I 1 ECON 1355 Environmental Issues in Development or APMA 1655 Honors Statistical Inference I Economics (b) ECON 1360 Health Economics Select one of the following: 1 ECON 1375 Inequality of Opportunity in the US APMA 1160 An Introduction to Numerical Optimization ECON 1400 The Economics of Mass Media APMA 1180 Introduction to Numerical Solution of ECON 1430 The Economics of Social Policy Differential Equations ECON 1480 Public Economics APMA 1210 Operations Research: Deterministic ECON 1510 Economic Development Models ECON 1530 Health, Hunger and the Household in APMA 1330 Applied Partial Differential Equations II Developing Countries APMA 1360 Applied Dynamical Systems ECON 1629 Applied Research Methods for Economists APMA 1660 Statistical Inference II ECON 1640 Mathematical Econometrics II APMA 1670 Statistical Analysis of Time Series ECON 1660 Big Data APMA 1680 Nonparametric Statistics ECON 1765 Finance, Regulation, and the Economy APMA 1690 Computational Probability and Statistics ECON 1825 Behavioral Economics and Public Policy APMA 1710 Information Theory ECON 1830 Behavioral Finance APMA 1720 Monte Carlo Simulation with Applications Two additional 1000-level economics courses 5 2 to Finance (preferred) APMA 1740 Recent Applications of Probability and Total Credits 16 Statistics APMA 1860 Graphs and Networks MATH 1010 Analysis: Functions of One Variable

4 Economics Economics 5

1 APMA 193X, 194X Senior Seminar series, depending on topic APMA 0330 and APMA 0340 may be substituted with advisor 5 approval, but these are no longer being offered. 2 Economics Requirements: No course may be used to simultaneously satisfy the "mathematical ECON 1130 Intermediate Microeconomics 1 economics" and the "data methods" requirements. 3 (Mathematical) 3 Or ECON 1110 with permission. For students matriculating at Brown in ECON 1210 Intermediate Macroeconomics 1 Fall 2021 or later, note that if ECON 1110 is used, then one additional course from the mathematical-economics group will be required ECON 1630 Mathematical Econometrics I 1 4 Select two 1000-level courses from the "financial economics" 2 Note that ECON 1620, ECON 1960, and ECON 1970 (independent group: 2 study) cannot be used for concentration credit. However, 1620 and 1960 can be used for university credit and up to two 1970s may be ECON 1710 Investments I used for university credit. 5 ECON 1720 Corporate Finance Requires written approval of the Director of Undergraduate Studies in ECON 1730 Venture Capital, Private Equity, and Economics. APMA 1910 is not permitted. Entrepreneurship ECON 1750 Investments II Standard program for the Sc.B. degree ECON 1760 Financial Institutions (Mathematical Finance track): ECON 1780 Advanced Topics in Corporate Finance Prerequisites: ECON 1830 Behavioral Finance MATH 0100 Introductory Calculus, Part II Select one 1000-level course from the "mathematical economics" 1 MATH 0520 Linear Algebra group: 2 Course Requirements: 16 courses: 7 Applied Math and 9 ECON 1170 Welfare Economics and Social Choice Economics Theory Applied Mathematics requirements: ECON 1225 Advanced Macroeconomics: Monetary, Fiscal, and Stabilization Policies (a) ECON 1255 Unemployment: Models and Policies APMA 0350 Applied Ordinary Differential Equations 2 & APMA 0360 and Applied Partial Differential Equations ECON 1460 Industrial Organization (Mathematical) 1 I ECON 1470 Bargaining Theory and Applications Select one of the following: 1 ECON 1490 Designing Internet Marketplaces APMA 0160 Introduction to Computing Sciences ECON 1545 Topics in Macroeconomics, Development (preferred) and International Economics APMA 0200 Introduction to Modelling ECON 1640 Mathematical Econometrics II CSCI 0111 Computing Foundations: Data ECON 1660 Big Data CSCI 0150 Introduction to Object-Oriented ECON 1670 Advanced Topics in Econometrics Programming and Computer Science ECON 1750 Investments II CSCI 0170 Computer Science: An Integrated ECON 1805 Economics in the Laboratory Introduction ECON 1820 Theory of Behavioral Economics CSCI 0190 Accelerated Introduction to Computer ECON 1850 Theory of Economic Growth Science ECON 1860 The Theory of General Equilibrium APMA 1200 Operations Analysis: Probabilistic Models 1 ECON 1870 Game Theory and Applications to APMA 1650 Statistical Inference I 1 Economics or APMA 1655 Honors Statistical Inference I Select one 1000-level course from the "data methods" group: 2 1 (b) ECON 1301 Economics of Education I Select two of the following: 2 ECON 1310 Labor Economics APMA 1160 An Introduction to Numerical Optimization ECON 1315 Health, Education, and Social Policy APMA 1180 Introduction to Numerical Solution of ECON 1340 Economics of Global Warming Differential Equations ECON 1355 Environmental Issues in Development APMA 1210 Operations Research: Deterministic Economics Models ECON 1360 Health Economics APMA 1330 Applied Partial Differential Equations II ECON 1375 Inequality of Opportunity in the US APMA 1360 Applied Dynamical Systems ECON 1400 The Economics of Mass Media APMA 1660 Statistical Inference II ECON 1430 The Economics of Social Policy APMA 1670 Statistical Analysis of Time Series ECON 1480 Public Economics APMA 1680 Nonparametric Statistics ECON 1510 Economic Development APMA 1690 Computational Probability and Statistics ECON 1530 Health, Hunger and the Household in APMA 1710 Information Theory Developing Countries APMA 1720 Monte Carlo Simulation with Applications ECON 1629 Applied Research Methods for Economists to Finance (preferred) ECON 1640 Mathematical Econometrics II APMA 1740 Recent Applications of Probability and ECON 1660 Big Data Statistics ECON 1825 Behavioral Economics and Public Policy APMA 1860 Graphs and Networks ECON 1830 Behavioral Finance MATH 1010 Analysis: Functions of One Variable APMA 193X, 194X Senior Seminar series, depending on topic Total Credits 13 5

Economics 5 6 Economics

1 Economics Requirements: APMA 0330 and APMA 0340 may be substituted with advisor ECON 1130 Intermediate Microeconomics 1 approval, but these are no longer being offered. 2 (Mathematical) 3 No course may be used to simultaneously satisfy the "mathematical ECON 1210 Intermediate Macroeconomics 1 economics" and the "data methods" requirements. 3 ECON 1630 Mathematical Econometrics I 1 Or ECON 1110 with permission. For students matriculating at Brown in Select three 1000-level courses from the "financial economics" 3 Fall 2021 or later, note that if ECON 1110 is used, then one additional 2 course from the mathematical-economics group will be required group: 4 ECON 1710 Investments I Note that ECON 1620, ECON 1960, and ECON 1970 (independent study) cannot be used for concentration credit. However, 1620 and ECON 1720 Corporate Finance 1960 can be used for university credit and up to two 1970s may be ECON 1730 Venture Capital, Private Equity, and used for university credit. 5 Entrepreneurship Requires written approval of the Director of Undergraduate Studies in ECON 1750 Investments II Economics. APMA 1910 is not permitted. ECON 1760 Financial Institutions ECON 1780 Advanced Topics in Corporate Finance Honors ECON 1830 Behavioral Finance Applied Math-Economics concentrators who wish to pursue honors must Select two 1000-level courses from the "mathematical 2 find a primary faculty thesis advisor in either Economics or Applied Math. economics" group: 2 They will be held to the Honors requirements of their advisor’s department. ECON 1170 Welfare Economics and Social Choice Joint concentrators in Applied Mathematics-Economics with an Economics Theory thesis advisor should follow the requirements published here (https:// economics.brown.edu/academics/undergraduate/honors-and-capstones/ ECON 1225 Advanced Macroeconomics: Monetary, thesis/), while concentrators with an Applied Math thesis advisor Fiscal, and Stabilization Policies should follow the requirements published here (https://www.brown.edu/ ECON 1255 Unemployment: Models and Policies academics/applied-mathematics/undergraduate-program/honors/). ECON 1460 Industrial Organization (Mathematical) ECON 1470 Bargaining Theory and Applications Professional Track ECON 1490 Designing Internet Marketplaces The requirements for the professional track include all those of the standard track, as well as the following: ECON 1545 Topics in Macroeconomics, Development and International Economics Students must complete full-time professional experiences doing work that is related to their concentration programs, totaling 2-6 months, whereby ECON 1640 Mathematical Econometrics II each internship must be at least one month in duration in cases where ECON 1660 Big Data students choose to do more than one internship experience. Such work ECON 1670 Advanced Topics in Econometrics is normally done at a company, but may also be at a university under the ECON 1750 Investments II supervision of a faculty member. Internships that take place between the ECON 1805 Economics in the Laboratory end of the fall and the start of the spring semesters cannot be used to fulfill this requirement. ECON 1820 Theory of Behavioral Economics On completion of each professional experience, the student must ECON 1850 Theory of Economic Growth write and upload to ASK a reflective essay about the experience, to be ECON 1860 The Theory of General Equilibrium approved by the student's concentration advisor. ECON 1870 Game Theory and Applications to • Which courses were put to use in your summer's work? Which topics, Economics 2 in particular, were important? Select one 1000-level course from the "data methods" group: 1 • In retrospect, which courses should you have taken before embarking ECON 1301 Economics of Education I on your summer experience? What are the topics from these courses ECON 1310 Labor Economics that would have helped you over the summer if you had been more ECON 1315 Health, Education, and Social Policy familiar with them? • Are there topics you should have been familiar with in preparation ECON 1340 Economics of Global Warming for your summer experience, but are not taught at Brown? What are ECON 1355 Environmental Issues in Development these topics? Economics • What did you learn from the experience that probably could not have ECON 1360 Health Economics been picked up from course work? ECON 1375 Inequality of Opportunity in the US • Is the sort of work you did over the summer something you would like ECON 1400 The Economics of Mass Media to continue doing once you graduate? Explain. ECON 1430 The Economics of Social Policy • Would you recommend your summer experience to other Brown ECON 1480 Public Economics students? Explain. ECON 1510 Economic Development Computer Science-Economics ECON 1530 Health, Hunger and the Household in Developing Countries Concentration Requirements ECON 1629 Applied Research Methods for Economists The joint Computer Science-Economics concentration exposes students to ECON 1640 Mathematical Econometrics II the theoretical and practical connections between computer science and ECON 1660 Big Data economics. It prepares students for professional careers that incorporate ECON 1670 Advanced Topics in Econometrics aspects of economics and computer technology and for academic careers conducting research in areas that emphasize the overlap between the ECON 1825 Behavioral Economics and Public Policy two fields. Concentrators may choose to pursue either the A.B. or the ECON 1830 Behavioral Finance Sc.B. degree. While the A.B. degree allows students to explore the Total Credits 16 two disciplines by taking advanced courses in both departments, its smaller number of required courses is compatible with a liberal education. The Sc.B. degree achieves greater depth in both computer science

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and economics by requiring more courses, and it offers students the satisfy the computer science requirements of the concentration opportunity to creatively integrate both disciplines through a design and if the student has taken either ECON 1470 or ECON 1870): requirement. In addition to courses in economics, computer science, and ECON 1170 Welfare Economics and Social Choice applied mathematics, all concentrators must fulfill the Computer Science Theory department's writing requirement by passing a course that involves ECON 1225 Advanced Macroeconomics: Monetary, significant expository writing. Fiscal, and Stabilization Policies Standard Program for the Sc.B. degree. ECON 1255 Unemployment: Models and Policies ECON 1460 Industrial Organization (Mathematical) Prerequisites (3 courses): MATH 0100 Introductory Calculus, Part II ECON 1470 Bargaining Theory and Applications MATH 0520 Linear Algebra ECON 1490 Designing Internet Marketplaces or MATH 0540 Honors Linear Algebra ECON 1545 Topics in Macroeconomics, Development and International Economics or CSCI 0530 Coding the Matrix: An Introduction to Linear ECON 1640 Mathematical Econometrics II Algebra for Computer Science ECON 0110 Principles of Economics ECON 1660 Big Data ECON 1670 Advanced Topics in Econometrics Required Courses: 17 courses: 8 Computer Science, 8 Economics, and a Capstone ECON 1750 Investments II CSCI 1450 Advanced Introduction to Probability for 1 ECON 1805 Economics in the Laboratory Computing and Data Science 1 ECON 1820 Theory of Behavioral Economics or APMA 1650 Statistical Inference I ECON 1850 Theory of Economic Growth or APMA 1655 Honors Statistical Inference I ECON 1860 The Theory of General Equilibrium Select one of the following Series: 2 ECON 1870 Game Theory and Applications to Series A Economics Two additional 1000-level Economics courses excluding 1620, 2 CSCI 0150 Introduction to Object-Oriented 5 & CSCI 0160 Programming and Computer Science 1960, 1970 and Introduction to Algorithms and Data One capstone course in either CS or Economics: a one- 1 Structures semester course, normally taken in the student's last semester Series B undergraduate year, in which the student (or group of students) use a significant portion of their undergraduate education, CSCI 0170 Computer Science: An Integrated broadly interpreted, in studying some current topic (preferably at & CSCI 0180 Introduction the intersection of computer science and economics) in depth, and Computer Science: An Integrated Introduction to produce a culminating artifact such as a paper or software project. A senior thesis, which involved two semesters of work, Series C may count as a capstone. CSCI 0190 Accelerated Introduction to Computer Total Credits 17 Science (and an additional CS course not 1 otherwise used to satisfy a concentration APMA 1650 or APMA 1655 may be used in place of CSCI 1450 in CS requirement; this course may be CSCI pathway requirements. However, concentration credit will be given for 0180, an intermediate-level CS course, or only one of APMA 1650, APMA 1655, and CSCI 1450. 2 a 1000-level course.) CSCI 1010 may be used either as a math-oriented intermediate Series D course or as an advanced course. CSCI 1010 was formerly known as CSCI 0111 Computing Foundations: Data CSCI 0510: They are the same course and hence only one may be & CSCI 0180 and Computer Science: An Integrated taken for credit. 3 Introduction CS Pathways can be found on the Pathways (https://cs.brown.edu/ Two of the following intermediate courses, one of which must be 2 degrees/undergrad/concentration-requirements/pathways-for- math-oriented and one systems-oriented. undergraduate-and-masters-students/) page. 4 CSCI 0220 Introduction to Discrete Structures and Or ECON 1110 with permission. For students matriculating at Brown in Probability (math) Fall 2021 or later, note that if ECON 1110 is used, then one additional course from the mathematical-economics group will be required CSCI 0320 Introduction to Software Engineering 5 (systems) Students may use either ECON 1070 or ECON 1090 toward the CSCI 0330 Introduction to Computer Systems concentration, but not both. Note that ECON 1620, ECON 1960, and (systems) ECON 1970 (independent study) cannot be used for concentration credit. However, 1620 and 1960 can be used for university credit and or CSCI 0300 Fundamentals of Computer Systems up to two 1970s may be used for university credit. CSCI 1010 Theory of Computation (math) 2 A pair of 1000-level CS courses that, along with the intermediate 2 Standard Program for the A.B. degree: 3 courses and math courses, satisfy one of the CS Pathways. Prerequisites (3 courses): An additional CS course that is either at the 1000-level or is an 1 MATH 0100 Introductory Calculus, Part II intermediate course not already used to satisfy concentration requirements. CSCI 1450 may not be used to satisfy this MATH 0520 Linear Algebra requirement. or MATH 0540 Honors Linear Algebra ECON 1130 Intermediate Microeconomics 1 or CSCI 0530 Coding the Matrix: An Introduction to Linear (Mathematical) 4 Algebra for Computer Science ECON 1210 Intermediate Macroeconomics 1 ECON 0110 Principles of Economics ECON 1630 Mathematical Econometrics I 1 Required Courses: 13 courses: 7 Computer Science and 6 Three courses from the "mathematical economics" group (CSCI 3 Economics 1951K can be counted as one of them, if it has not been used to

Economics 7 8 Economics

CSCI 1450 Advanced Introduction to Probability for 1 ECON 1860 The Theory of General Equilibrium Computing and Data Science ECON 1870 Game Theory and Applications to or APMA 1650 Statistical Inference I Economics or APMA 1655 Honors Statistical Inference I or any graduate Economics course 3 Select one of the following series: 2 Total Credits 13 Series A 1 Or ECON 1110 with permission. For students matriculating at Brown in CSCI 0150 Introduction to Object-Oriented Fall 2021 or later, note that if ECON 1110 is used, then one additional & CSCI 0160 Programming and Computer Science course from the mathematical-economics group will be required and Introduction to Algorithms and Data 2 CSCI 1951K can be counted as one of them, if it has not been used to Structures satisfy the computer science requirements of the concentration and if Series B the student has taken either ECON 1470 or ECON 1870. 3 CSCI 0170 Computer Science: An Integrated Note that ECON 1620, ECON 1960, and ECON 1970 (independent & CSCI 0180 Introduction study) cannot be used for concentration credit. However, 1620 and and Computer Science: An Integrated 1960 can be used for university credit and up to two 1970s may be Introduction used for university credit. Series C CSCI 0190 Accelerated Introduction to Computer Honors Science (and an additional CS course not Students who meet stated requirements are eligible to write an honors otherwise used to satisfy a concentration thesis in their senior year. Students should consult the listed honors requirement; this course may be CSCI requirements of whichever of the two departments their primary thesis 0180, an intermediate-level course, or a advisor belongs to, at the respective departments' websites. If the primary 1000-level course) thesis advisor belongs to Economics (Computer Science), then students Series D must have a reader in the Computer Science (respectively, Economics) CSCI 0111 Computing Foundations: Data department. & CSCI 0180 and Computer Science: An Integrated Introduction Professional Track Two of the following intermediate courses, one of which must be 2 The requirements for the professional track include all those of the math-oriented and one systems-oriented: standard track, as well as the following: CSCI 0220 Introduction to Discrete Structures and Students must complete full-time professional experiences doing work that Probability (math) is related to their concentration programs, totaling 2-6 months, whereby CSCI 0320 Introduction to Software Engineering each internship must be at least one month in duration in cases where (systems) students choose to do more than one internship experience. Such work is normally done at a company, but may also be at a university under the CSCI 0330 Introduction to Computer Systems supervision of a faculty member. Internships that take place between the (systems) end of the fall and the start of the spring semesters cannot be used to fulfill or CSCI 0300 Fundamentals of Computer Systems this requirement. CSCI 1010 Theory of Computation (math) On completion of each professional experience, the student must write Two additional CS courses; at least one must be at the 1000- 2 and upload to ASK a reflective essay about the experience addressing the level. The other must either be at the 1000-level or be an following prompts, to be approved by the student's concentration advisor: intermediate course not already used to satisfy concentration • Which courses were put to use in your summer's work? Which topics, requirements. CSCI 1450 may not be used to satisfy this in particular, were important? requirement. • In retrospect, which courses should you have taken before embarking ECON 1130 Intermediate Microeconomics 1 1 on your summer experience? What are the topics from these courses (Mathematical) that would have helped you over the summer if you had been more ECON 1210 Intermediate Macroeconomics 1 familiar with them? ECON 1630 Mathematical Econometrics I 1 • Are there topics you should have been familiar with in preparation for Three courses from the "mathematical-economics" group: 2 3 your summer experience, but are not taught at Brown? What are these topics? ECON 1170 Welfare Economics and • What did you learn from the experience that probably could not have been picked up from course work? ECON 1225 Advanced Macroeconomics: Monetary, • Is the sort of work you did over the summer something you would like Fiscal, and Stabilization Policies to continue doing once you graduate? Explain. ECON 1255 Unemployment: Models and Policies • Would you recommend your summer experience to other Brown ECON 1460 Industrial Organization (Mathematical) students? Explain. ECON 1470 Bargaining Theory and Applications ECON 1490 Designing Internet Marketplaces ECON 1640 Mathematical Econometrics II Mathematics-Economics Concentration ECON 1545 Topics in Macroeconomics, Development Requirements and International Economics The Mathematics Economics concentration is designed to give a ECON 1660 Big Data background in economic theory plus the mathematical tools needed to ECON 1670 Advanced Topics in Econometrics analyze and develop additional theoretical constructions. The emphasis is ECON 1750 Investments II on the abstract theory itself. Students may choose either the standard or ECON 1805 Economics in the Laboratory the professional track, both award a Bachelor of Arts degree. ECON 1820 Theory of Behavioral Economics ECON 1850 Theory of Economic Growth

8 Economics Economics 9

Standard Mathematics-Economics Analysis - one of the following: 1 MATH 1010 Analysis: Functions of One Variable Concentration MATH 1130 Functions of Several Variables Economics MATH 1140 Functions Of Several Variables 4 ECON 1130 Intermediate Microeconomics 1 1 Differential Equations - one of the following: 1 (Mathematical) MATH 1110 Ordinary Differential Equations ECON 1210 Intermediate Macroeconomics 1 MATH 1120 Partial Differential Equations ECON 1630 Mathematical Econometrics I 1 2 One additional course from the Probability, Analysis, and 1 Two courses from the "mathematical-economics" group: 2 Differential Equations courses listed above ECON 1170 Welfare Economics and Social Choice Total Credits 14 Theory 1 ECON 1225 Advanced Macroeconomics: Monetary, Or ECON 1110 with permission. For students matriculating at Brown in Fiscal, and Stabilization Policies Fall 2021 or later, note that if ECON 1110 is used, then one additional course from the mathematical-economics group will be required ECON 1255 Unemployment: Models and Policies 2 No course may be "double-counted" to satisfy both the mathematical- ECON 1460 Industrial Organization (Mathematical) economics and data methods requirement. ECON 1470 Bargaining Theory and Applications 3 Students may use either ECON 1070 or ECON 1090 toward the ECON 1490 Designing Internet Marketplaces concentration, but not both. Note that ECON 1620, ECON 1960, and ECON 1545 Topics in Macroeconomics, Development ECON 1970 (independent study) cannot be used for concentration and International Economics credit. However, ECON 1620 and ECON 1960 can be used for ECON 1640 Mathematical Econometrics II university credit and up to two 1970s may be used for university credit. 4 ECON 1660 Big Data MATH 1130 is a prerequisite for MATH 1140. ECON 1670 Advanced Topics in Econometrics Honors: ECON 1750 Investments II Students who meet stated requirements are eligible to write an honors ECON 1805 Economics in the Laboratory thesis in their senior year. Students should consult the listed honors ECON 1820 Theory of Behavioral Economics requirements of whichever of the two departments their primary thesis ECON 1850 Theory of Economic Growth advisor belongs to, at the respective departments' websites. ECON 1860 The Theory of General Equilibrium Professional Track: ECON 1870 Game Theory and Applications to Economics The requirements for the professional track include all those of the One course from the "data methods" group: 2 1 standard track, as well as the following: ECON 1301 Economics of Education I Students must complete full-time professional experiences doing work that is related to their concentration programs, totalling 2-6 months, whereby ECON 1310 Labor Economics each internship must be at least one month in duration in cases where ECON 1315 Health, Education, and Social Policy students choose to do more than one internship experience. Such work ECON 1340 Economics of Global Warming is normally done at a company, but may also be at a university under the ECON 1355 Environmental Issues in Development supervision of a faculty member. Internships that take place between the Economics end of the fall and the start of the spring semesters cannot be used to fulfill ECON 1360 Health Economics this requirement. ECON 1375 Inequality of Opportunity in the US On completion of each professional experience, the student must write and upload to ASK a reflective essay about the experience addressing the ECON 1400 The Economics of Mass Media following prompts, to be approved by the student's concentration advisor: ECON 1430 The Economics of Social Policy • Which courses were put to use in your summer's work? Which topics, ECON 1480 Public Economics in particular, were important? ECON 1510 Economic Development • In retrospect, which courses should you have taken before embarking ECON 1530 Health, Hunger and the Household in on your summer experience? What are the topics from these courses Developing Countries that would have helped you over the summer if you had been more ECON 1629 Applied Research Methods for Economists familiar with them? ECON 1640 Mathematical Econometrics II • Are there topics you should have been familiar with in preparation for your summer experience, but are not taught at Brown? What are these ECON 1660 Big Data topics? ECON 1670 Advanced Topics in Econometrics • What did you learn from the experience that probably could not have ECON 1825 Behavioral Economics and Public Policy been picked up from course work? ECON 1830 Behavioral Finance • Is the sort of work you did over the summer something you would like Two additional 1000-level economics courses 3 2 to continue doing once you graduate? Explain. Mathematics • Would you recommend your summer experience to other Brown students? Explain. Calculus: MATH 0180 or higher 1 Linear Algebra - one of the following: 1 MATH 0520 Linear Algebra Economics Graduate Program MATH 0540 Honors Linear Algebra The department of Economics offers a graduate program leading to the Doctor of Philosophy (Ph.D.) degree. Ph.D. students can earn the A.M. Probability Theory - one of the following: 1 on the way to the Ph.D. or can receive the A.M. if they choose not to MATH 1610 Probability complete the Ph.D. program. The A.M. requires passing eight courses MATH 1620 Mathematical Statistics in the areas of Microeconomics, Macroeconomics, and Econometrics. APMA 1650 Statistical Inference I Effective the 2020-21 academic year the department will also offers a

Economics 9 10 Economics

Post-Baccalaureate Certificate in Economics to select cohort of students ECON 0170. Essential Mathematics for Economics. working as Research Associates within Economics. This course teaches the mathematical skills useful for upper level For more information on admission and program requirements, please visit Economics classes. Emphasis is on acquisition of tools, problem solving, the following website: intuition, and applications rather than proofs. http://www.brown.edu/academics/gradschool/programs/economics (http:// This course satisfies the mathematics requirement for the Economics www.brown.edu/academics/gradschool/programs/economics/) concentration, but does not serve as a prerequisite for upper level courses in Math, Applied Math, or other departments. Students planning further Courses courses in those areas should take MATH 0100 or MATH 0170 (which also satisfy the Economics concentration requirement) instead. Ideally, ECON ECON 0110. Principles of Economics. 0170 should be taken before ECON 1110, or at least simultaneously. Extensive coverage of economic issues, institutions, and terminology, Fall ECON0170 S01 16630 MWF 10:00-10:50(14) ’To Be Arranged' plus an introduction to economic analysis and its application to current social problems. Required for all economics concentrators. Prerequisite Spr ECON0170 S01 25185 MWF 10:00-10:50(03) (A. Poterack) for ECON 1110, 1130, 1210 and 1620. Serves as a general course for ECON 0180A. Using Big Data to Solve Economic and Social students who will take no other economics courses and want a broad Problems. introduction to the discipline. Weekly one-hour conference required. This course will show how "big data" can be used to understand and Fall ECON0110 S01 16524 MWF 9:00-9:50(09) (R. Friedberg) address some of the most important social and economic problems of our Fall ECON0110 C01 16525 M 12:00-12:50 (R. Friedberg) time. The course will give students an introduction to frontier research and Fall ECON0110 C02 16526 M 6:00-6:50 (R. Friedberg) policy applications in economics and social science in a non-technical Fall ECON0110 C03 16527 M 6:00-6:50 (R. Friedberg) manner that does not require prior coursework in economics or statistics, Fall ECON0110 C04 16528 M 6:00-6:50 (R. Friedberg) making it suitable both for students exploring economics for the first time, as well as those with more experience. Topics include equality Fall ECON0110 C05 16529 T 12:00-12:50 (R. Friedberg) of opportunity, education, racial disparities, effects of the COVID-19 Fall ECON0110 C06 16530 T 12:00-12:50 (R. Friedberg) pandemic, health care, climate change, criminal justice, and policy. In Fall ECON0110 C07 16531 T 12:00-12:50 (R. Friedberg) order to be eligible, first year students would have to turn in the homework Fall ECON0110 C08 16532 T 12:00-12:50 (R. Friedberg) assignment and attend the first class. Fall ECON0110 C09 16533 T 12:00-12:50 (R. Friedberg) Fall ECON0180AS01 17971 TTh 10:30-11:50(13) (J. Friedman) Fall ECON0110 C10 16534 T 12:00-12:50 (R. Friedberg) ECON 0180D. The Power of Data (and its Limits). Fall ECON0110 C11 16535 T 12:00-12:50 (R. Friedberg) Open any newspaper, any magazine, any academic journal, you’ll find Fall ECON0110 C12 16536 T 12:00-12:50 (R. Friedberg) claims which rely on data. Government policies, economic data, health Fall ECON0110 C13 16537 T 12:00-12:50 (R. Friedberg) recommendations – all of these are based on some underlying data Fall ECON0110 C14 16538 T 12:00-12:50 (R. Friedberg) analysis. Data used in this context has enormous power, but it also has Fall ECON0110 C15 16539 T 12:00-12:50 (R. Friedberg) limits. Understanding these limits is key to using – but not mis-using – the Fall ECON0110 C16 16540 T 12:00-12:50 (R. Friedberg) power of data. Fall ECON0110 C17 16541 T 3:00-3:50 (R. Friedberg) This first-year seminar will focus on understanding where data comes Fall ECON0110 C18 16542 T 7:00-7:50 (R. Friedberg) from, what we can learn from it, and what the limitations are. The course Fall ECON0110 C19 16543 T 7:00-7:50 (R. Friedberg) will emphasize policy-relevant economic and public health applications. Fall ECON0110 C20 16544 T 7:00-7:50 (R. Friedberg) ECON 0180E. The Economics of Higher Education. Spr ECON0110 S01 25164 MWF 9:00-9:50(02) (R. Friedberg) Some of the most important and controversial policy issues we face today Spr ECON0110 C01 25165 M 12:00-12:50 (R. Friedberg) concern higher education—such as whether college should be free, Spr ECON0110 C02 25166 M 6:00-6:50 (R. Friedberg) college debt should be forgiven, Federal Pell Grants should be increased, Spr ECON0110 C03 25167 M 6:00-6:50 (R. Friedberg) and colleges should embrace online instruction. This seminar will provide Spr ECON0110 C04 25168 M 6:00-6:50 (R. Friedberg) students with the skills and knowledge needed to understand and analyze these issues and is structured in two parts. In Part 1 (Basics), students Spr ECON0110 C05 25169 T 12:00-12:50 (R. Friedberg) will be given a grounding in how the U.S. system of higher education is Spr ECON0110 C06 25170 T 12:00-12:50 (R. Friedberg) structured and financed. Part 2 (Issues) will take a data-driven approach Spr ECON0110 C07 25171 T 12:00-12:50 (R. Friedberg) to assessing key questions about higher education, with applications to Spr ECON0110 C08 25172 T 12:00-12:50 (R. Friedberg) state and national policy issues. Guest speakers will occasionally visit the Spr ECON0110 C09 25173 T 12:00-12:50 (R. Friedberg) seminar to share their expertise with the class. Spr ECON0110 C10 25174 T 12:00-12:50 (R. Friedberg) In order to be eligible, first year students would have to turn in the Spr ECON0110 C11 25175 T 12:00-12:50 (R. Friedberg) homework assignment and attend the first class. Spr ECON0110 C12 25176 T 12:00-12:50 (R. Friedberg) See Class Notes for additional information Spr ECON0110 C13 25177 T 12:00-12:50 (R. Friedberg) Spr ECON0110 C14 25178 T 12:00-12:50 (R. Friedberg) ECON 0200. 20th Century . This course covers major debates in the 20th century political economy, Spr ECON0110 C15 25179 T 12:00-12:50 (R. Friedberg) starting with the Bolshevik Revolution and the Treatise of Versailles. We Spr ECON0110 C16 25180 T 12:00-12:50 (R. Friedberg) examine the , the New Deal, and Postwar economic Spr ECON0110 C17 25181 T 3:00-3:50 (R. Friedberg) planning in the US and UK. We then turn to consider important periods in Spr ECON0110 C18 25182 T 7:00-7:50 (R. Friedberg) the second half of the 20th century, including Indian , Spr ECON0110 C19 25183 T 7:00-7:50 (R. Friedberg) Bretton Woods, and in the 1970s. The course ends with a Spr ECON0110 C20 25184 T 7:00-7:50 (R. Friedberg) consideration of trade, trade deficits, sovereign debt crises, and . The aim is to develop an understanding of both sides of key debates in political economy. Spr ECON0200 S01 25191 T 4:00-6:30(16) (E. Skarbek)

10 Economics Economics 11

ECON 0300. Health Disparities. ECON 1090. Introduction to Game Theory. This seminar will examine the causes and consequences of racial and This course introduces students to game theory, the study of interactive ethnic disparities in health in the United States, and their relationship decision making. Students will learn about major solution concepts, to economic disparities. Although the course will be taught primarily gaining a critical understanding of their meaning and limitations, as well from an economics perspective, it will draw on literature from sociology, as an ability to compute them. Game theory will then be applied to gain demography and epidemiology. Enrollment determined by lottery. insight into a wide range of issues. ECON 0510. Development and the International Economy. Fall ECON1090 S01 16633 MWF 10:00-10:50(14) (G. De Clippel) A course designed primarily for students who do not plan to concentrate Spr ECON1090 S01 25194 TTh 9:00-10:20(01) (G. De Clippel) in economics but who seek a basic understanding of the economics of ECON 1110. Intermediate Microeconomics. less developed countries, including and , health and Tools for use in microeconomic analysis, with some public policy education, agriculture and employment, and interactions with the world applications. Theory of consumer demand, theories of the firm, economy, including trade, international capital flows, aid, and migration. behavior, welfare economics, and general equilibrium. ECON 0520. The Economics of Gender Equality and Development. Fall ECON1110 S01 16634 TTh 9:00-10:20(03) (T. Mekonnen) This course shows how an economics lens can be useful in understanding Fall ECON1110 S02 16635 TTh 1:00-2:20(03) (T. Mekonnen) disparities in gender outcomes; how these disparities evolve over the Spr ECON1110 S01 25195 MWF 12:00-12:50(12) (F. Ulusoy) development process; why closing gender gaps matters for development; Spr ECON1110 S02 25196 TTh 2:30-3:50(12) (R. Vohra) and the roles of public policies and private action. Among the outcomes examined are , access to economic opportunities, and ECON 1130. Intermediate Microeconomics (Mathematical). agency or the ability to make choices and take actions. We will use Microeconomic theory: Theories of the consumer and firm, competitive the tools of economics think about how individuals and families make equilibrium, factor markets, imperfect competition, game theory, welfare decisions, respond to opportunities generated by markets, and are economics, general equilibrium. May not be taken in addition to ECON affected by the parameters outlined by both formal and informal institutions 1110. and social norms. Fall ECON1130 S01 16636 MW 8:30-9:50(09) (R. Vohra) Spr ECON1130 S01 25197 TTh 9:00-10:20(01) (R. Serrano) ECON 0710. Financial Accounting. Basic accounting theory and practice. Accounting procedures for various ECON 1170. Welfare Economics and Social Choice Theory. forms of business organizations. Advanced microeconomic theory class for undergraduates. Building on Fall ECON0710 S01 16631 MW 6:00-7:30(09) (F. Sciuto) the intermediate microeconomics course, the approach is more formal Fall ECON0710 S02 16632 TTh 6:00-7:30(02) (T. Lonardo) and mathematically more rigorous, presenting arguments and expecting Spr ECON0710 S01 25189 MW 6:00-7:30(12) (F. Sciuto) students to carefully develop techniques in order to understand and produce logical proofs. Topics include the efficiency and coalitional Spr ECON0710 S02 25190 TTh 6:00-7:30(12) (T. Lonardo) stability properties of markets, as well as other mechanisms to allocate ECON 0720. Business Fundamentals Bootcamp. resources. Market failures are discussed, including advanced treatments Brown has partnered with Hult School ( https:// of , public , and asymmetric information. The second www.hult.edu/lp/hult-brown-bootcamp/ ) for this program - renowned for its part of the course will discuss a number of topics in social choice theory, skill-focused approach to education and commitment to learning by doing. including different normative criteria of compensation, life and death This course meets from May 24-July 27, 2021. choices, majority voting, Arrow’s impossibility theorem. Spr ECON1170 S01 25198 MW 8:30-9:50(02) (R. Serrano) The Business Fundamentals Bootcamp enables you to learn and practice the fundamental skills needed for innovation within a business setting. ECON 1200. History of Economic Thought. Rapidly evolving labor markets in the Age of AI place a premium on your This course covers the history of modern (20th century) economics and ability to articulate, analyze, assess, and execute on innovative ideas. You economic thinking from the marginal revolution through the first half of the will learn new business concepts in the areas of Marketing & Branding, 20th century. The aim will be to develop an understanding of the origin Financial Acumen, and New Product Planning. You will integrate these and evolution of central concepts in economic theory, including subjective skills by applying them to a growth challenge for an international food , marginal analysis, competitive markets, examine methodological company - Grupo Bimbo ($15B Revenues, Household Brands: Thomas’ disputes over positivism and formalism, and the development of general Muffins, SaraLee, Entenmmans). Throughout the course, you will test your competitive equilibrium. We will consider the emergence of certain business hypotheses and iterate your ideas. On a weekly basis you will subfields in modern economics, and end with a discussion of the turn concepts learned into practical skills, working in teams. The program relevance of these ideas for economics in the 21st century. culminates with a competitive pitch to company executives. Faculty will Fall ECON1200 S01 16637 T 4:00-6:30(07) (E. Skarbek) challenge and support you with practice opportunities -- individually and ECON 1210. Intermediate Macroeconomics. in collaborative teams. Your faculty for this immersive experience will The economy as a whole: Level and growth of national , inflation, be a combination of Brown faculty, Hult faculty, senior executives and unemployment, role of government policy. practitioners, and coaches. Fall ECON1210 S01 16638 TTh 9:00-10:20(03) (S. Michalopoulos) ECON 1070. Race, Crime, and Punishment in America. Fall ECON1210 S02 16639 TTh 10:30-11:50(03) (S. Michalopoulos) This new course will use the perspectives of economics to examine Fall ECON1210 S03 16640 MWF 1:00-1:50(06) (K. Forrester) the causes and consequences of high levels of incarceration in the Spr ECON1210 S01 25200 MWF 12:00-12:50(12) (K. Forrester) United States, especially as it relates to the social disadvantage of Spr ECON1210 S02 25201 MWF 1:00-1:50(12) (K. Forrester) African Americans. Quantitative analysis will be used sparingly. Students will be evaluated based on three short writing assignments. Issues Spr ECON1210 S03 25202 TTh 10:30-11:50(12) (M. Lancastre) examined include: racial disparities in punishment; the impact of crime on ECON 1225. Advanced Macroeconomics: Monetary, Fiscal, and communities; policing and race relations in American cities; stereotypes Stabilization Policies. and the economics of crime; the governing of prisons and the limits of The course is concerned with macroeconomic policy in the US, with punishment. special focus on the recent economic crisis. The main objective of the Spr ECON1070 S01 25193 MW 3:00-4:20(10) (G. Loury) course is to introduce students to the type of models and methods used in current research in macroeconomics both in the scholarly literature but also in the practice of central banks and major policy institutions. Events of the financial crisis and the economic of 2007-2009 will serve to illustrate the challenges confronted by macroeconomic analysis. Spr ECON1225 S01 25203 M 3:00-5:30(13) (G. Eggertsson)

Economics 11 12 Economics

ECON 1255. Unemployment: Models and Policies. ECON 1360. Health Economics. This course will cover research topics related to unemployment, focusing This course introduces students to the issues, theory and practice of on the models used to describe unemployment and the policies used to health economics in the US. Topics include the economic determinants tackle unemployment. It will address the following questions: Why does of health, the market for medical care, the market for health insurance unemployment exist? Why does unemployment vary across countries? and the role of the government in health care. Course work includes data Why does unemployment vary over time? What is the socially optimal analyses using the program STATA. level of unemployment? How should unemployment insurance, monetary Fall ECON1360 S01 16740 T 4:00-6:30(07) (D. Kim) policy, and respond to an increase in unemployment during a recession? ECON 1370. Race and Inequality in the United States. We examine racial inequality in the United States, focusing on economic, Fall ECON1255 S01 16641 Th 4:00-6:30(04) (P. Michaillat) political, social and historical aspects. Topics include urban poverty, ECON 1300. Education, the Economy and School Reform employment discrimination, crime and the criminal justice system, (EDUC1600). affirmative action, immigration, and low labor markets. Black/white Interested students must register for EDUC 1150. relations in the US are the principle but not exclusive concern. ECON 1301. Economics of Education I. Fall ECON1370 S02 18156 MW 3:00-4:20(10) (G. Loury) This course teaches students how to use microeconomics to analyze ECON 1375. Inequality of Opportunity in the US. a broad array of education policy issues. The departure of this course This course examines empirical evidence on inequality of opportunity in from ECON 1110 is the emphasis on studying microeconomics in applied the US. We cover recent work in economics that measures the importance settings, and in particular, using microeonomic concepts to think about, of parents, schools, health care, neighborhoods, income, and race in analyze, and solve policy questions in education. determining children's long-term labor market success, and implications of ECON 1305. Economics of Education: Research. these findings for US public policy. We will also place the empirical work in This course will cover academic research in the Economics of Education. historical and philosophical context and cover a variety of statistical issues. Topics include production of student achievement, measuring student ECON 1385. Intergenerational Poverty in America. achievement, funding of public education, and school choice and school In the US, the children of poor parents are eight times more likely to grow vouchers. up to be poor than the children of high-income parents. What accounts ECON 1310. Labor Economics. for this? In this course we try to answer this question by examining how Labor supply, human capital, income inequality, discrimination, poverty influences child development and, ultimately, their income and immigration, unemployment. wellbeing in adulthood. We will begin the course with an overview of Fall ECON1310 S01 16643 TTh 2:30-3:50(12) (K. Chay) poverty and intergenerational mobility in America, looking at historical trends and placing the US in international context. To understand why ECON 1315. Health, Education, and Social Policy. poverty is persistent across generations in the US, we begin with the The goal of the course is to help students to use economic theory and of skill formation in childhood. We then consider modern empirical methodology to think critically about the relative costs the existing research exploring how a number of factors explain the and benefits of health and education policies. By the end of the course intergenerational persistence of poverty, including parental time, , students should feel comfortable critically evaluating proposals meant infant and child health, the justice system, neighborhoods, stress, and to increase human capital through school reforms, increased access to preschool/education systems. health care, or improved health environments. Spr ECON1385 S01 26469 TTh 10:30-11:50(09) (A. Aizer) ECON 1340. Economics of Global Warming. ECON 1390. Inequality of Income, Wealth, and Health in the United The problem of global warming can be usefully be described with the States. following simple economic model. We face a tradeoff between current Inequality of income, wealth, and health, with a focus on the United , future consumption, and future climate, have preferences States. Topics include measurement of inequality, mobility, and poverty; over consumption and future climate and would like to choose our optimal the mapping from individual characteristics to income and wealth; climate/consumption bundle. This course is organized around filling transmission of economic status between generations; the division of in the details required to make this model useful, characterizing the national income between capital and labor; factors causing the rise in optimal climate/consumption path suggested by the model, and finally, inequality in the United States since 1980, including technological change investigating policies to achieve the optimal path. and globalization; differential trends in life expectancy, morbidity, and Fall ECON1340 S01 16644 MW 8:30-9:50(09) (M. Turner) health behaviors among income groups; government policies that impact ECON 1350. and Policy. inequality, including progressive taxation, the minimum wage, support of This course considers environmental issues through an economic lens. It unionization, public education, and immigration policy; and the political is loosely arranged around four questions: why are markets so powerful? economy of redistributive policies. Why do markets frequently fail to deliver environmental goods? Can Fall ECON1390 S01 16646 MWF 9:00-9:50(09) (D. Weil) markets be harnessed to deliver environmental goods? If so, why don’t we ECON 1400. The Economics of Mass Media. do that? The mass media shape our culture and politics but are also shaped Spr ECON1350 S01 25204 MWF 2:00-2:50(07) (A. Poterack) by their economic incentives. In this course we will use tools from ECON 1355. Environmental Issues in . microeconomics and econometrics to study the effects of mass media on Examines environmental issues in developing countries, including air and economic, social and political behavior, and to study the factors that shape water pollution, land use change, energy use, and the extraction of natural media content and availability. We will develop implications for business resources. Uses microeconomic models of and firms, linking and public policy. Students will complete weekly readings, bi-weekly household/firm decision-making on environmental issues to choices in assignments, a take-home midterm, and a final paper and presentation. labor, land, and product markets. Develops basic empirical techniques Class time will be devoted to a mix of lecture and discussion of readings through exercises and a project. For readings, relies exclusively on recent and lecture topics. research to illustrate the roles of econometrics and economic theory Spr ECON1400 S01 25224 TTh 9:00-10:20(01) (J. Shapiro) in confronting problems at the nexus of the environment, poverty, and economic development.

12 Economics Economics 13

ECON 1410. . ECON 1470. Bargaining Theory and Applications. The first part of the course covers the set of conceptual and mathematical Bargaining theory is emerging as an important area within the general models widely used to understand economic activity both between and rubric of game theory. Emphasis is on providing a relatively elementary within cities. The second part of the course examines various urban policy version of the theory in order to make it accessible to a large number issues including urban transportation, housing, urban poverty, segregation of students. Covers introductory concepts in game theory, strategic and and crime. The course makes extensive use of empirical evidence taken axiomatic theories of bargaining and their connections, applications to primarily from the United States. competitive markets, strikes, etc. Spr ECON1410 S01 25225 MW 8:30-9:50(02) (M. Turner) Spr ECON1470 S01 25249 TTh 2:30-3:50(11) (J. Fanning) ECON 1420. Industrial Organization. ECON 1480. Public Economics. A study of industry structure and firm conduct and its economic/antitrust This course is an introduction to the economics of the public sector. We implications. Theoretical and empirical examinations of strategic firm will cover theoretical and empirical tools of public economics and apply interactions in oligopolistic markets, dominant firm behaviors, and entry these tools to a wide range of issues including externalities, public goods, deterrence by incumbents. Economics of innovation: research and collective choice, social insurance, redistribution and taxation. The course development activities and government patent policies. Network effects, will focus on questions such as: What should government do? How much and why market share critical mass matters for firm survival in certain should governments insure individuals against misfortune? How much markets. should governments redistribute resources from high-income to low- Fall ECON1420 S01 16650 MWF 2:00-2:50(01) (M. Lancastre) income households? Throughout the course we will emphasize real-world Spr ECON1420 S01 25226 TTh 1:00-2:20(08) (M. Lancastre) empirical applications rather than hypothetical examples. ECON 1430. The Economics of Social Policy. ECON 1490. Designing Internet Marketplaces. This course will cover research topics in the economics of social policy. How has the digital economy changed market interactions? The goal of The course will focus on understanding the context for key social this course is to help you think critically, using economic theory, about the policies in health, education, social welfare and other areas as well as future of the digital economy. understanding the methods that economists use to generate causal What are important economic activities now being conducted digitally? impacts of these policies. How has digital implementation of these activities changed economists’ Spr ECON1430 S01 26343 TTh 10:30-11:50(09) (E. Oster) classical views and assumptions? What are ways in which we can use economics to engineer “better” digital ECON 1440. The Economic Analysis of Political Behavior. markets? Slow economic growth, controversial policy, and over a decade of We will focus on several real-world markets (eg. eBay, Airbnb, Google continuous war have led many to question the extent to which government advertising, Uber, Tinder, TaskRabbit) and topics (eg. market entry, pricing, is a force for the common good. Blame is often assigned to specific search, auctions, matching, reputation, peer-to-peer platform design). politicians or ideological perspectives. economics instead analyzes the incentive structure within which political decisions take place, ECON 1500. Current Global Macroeconomic Challenges. seeking to uncover the forces guiding the behavior of voters, legislators, Current Global Macroeconomics Challenges will cover issues that include judges, and other political agents. This course will examine the insights ageing, the underdeveloped world, child access to medical care, health, and limitations of the public choice perspective in the context of electoral education and protection, climate change, decolonization, democracy, politics, legislation, bureaucracy and regulation, and constitutional rules. ending poverty and increasing food sustainability, human rights and Fall ECON1440 S01 16651 W 3:00-5:30(10) (D. D'Amico) gender equality, migration, oceans and the law of the sea, peace and security, population, refugees, water , and youth. The course Spr ECON1440 S01 25248 W 3:00-5:30(10) (D. D'Amico) will begin with the development of solid economic models to help explain ECON 1450. Economic Organizations and Economic Systems. these phenomena and then will move on to examine the impact of various Positive and normative study of the organizations that comprise and the macroeconomic policies on these issues and whether and how they institutional structures that characterize a modern mixed market economy. promote global long-term development. Theoretical efficiency and potential limitations of private enterprises Fall ECON1500 S01 17776 MWF 12:00-12:50(15) (F. Duarte) and markets including (a) why some market actors are organizations (e.g., companies), (b) effort elicitation problems in organizations, (c) the ECON 1510. Economic Development. problem of cooperation in traditional versus behavioral economics, and (d) This course is an introduction to development economics and related alternative kinds of organization (including proprietorships, corporations, policy questions. It discusses the measurement of poverty and inequality; nonprofits, government agencies). Roles of government, and problems of growth; population change; health and education; resource allocation , including the collective action problem of democracy. and gender; land and agriculture; and credit, insurance, and savings. State-market balance and contemporary controversies over the economic The course provides a theoretical framework for the economic analysis of system in light of the 2008 financial crisis. specific problems associated with developing , and introduces empirical methods used to evaluate policies aimed at solving these Fall ECON1450 S01 16652 TTh 9:00-10:20(05) (L. Putterman) problems. By the end of the class, students will be able to discuss some of ECON 1460. Industrial Organization (Mathematical). the “hot topics” in development, like microfinance, family planning, or the A more mathematical treatment of industry structure, firm conduct, and problem of “missing women” in South-East Asia. economic/antitrust implications. Theoretical and empirical examinations of ECON 1530. Health, Hunger and the Household in Developing strategic firm interactions in oligopolistic markets, dominant firm behaviors, Countries. and entry deterrence by incumbents. Economics of innovation: research Microeconomic analysis of household behavior in low income societies and development activities and government patent policies. This course emphasizing the economic determinants of health and nutrition and the uses mathematical methods from intermediate microeconomics, including evaluation of policy. The relationship among health, nutrition, fertility, game theory, and from econometrics, including regression analysis. savings, schooling, labor , wage determination, and gender- ECON 1465. Antitrust and Competition. based inequality. Emphasizes theoretically-based empirical research. Antitrust law shapes competition through public policy based on Fall ECON1530 S01 16665 M 3:00-5:30(03) (A. Foster) economics and economic incentives. In this course we will use tools from microeconomics, econometrics, and industrial organization to learn about ECON 1540. International Trade. Antitrust policy and regulation of competition in the marketplace. We will Theory of comparative advantage, trade, and income . Welfare learn about antitrust through the context of economics and Antitrust cases analysis of trade: gains from trade, evaluation of the effects of trade over the past century. Students will complete weekly readings, and a final policy instruments-tariffs, quotas, and subsidies. Trade under imperfect paper. Class time will be devoted to a mix of lecture and discussion of competition. Strategic trade policy. Trade, labor markets, preferential trade readings and lecture topics. agreements, and the world trading systems. Fall ECON1540 S01 16666 MWF 11:00-11:50(16) (K. Forrester)

Economics 13 14 Economics

ECON 1545. Topics in Macroeconomics, Development and ECON 1620. Introduction to Econometrics. International Economics. Probability and statistical inference. Estimation and hypothesis testing. This class is a senior seminar that covers selected topics at the Simple and multiple regression analysis. Applications emphasized. Weekly intersection of macroeconomics, economic development and international one-hour computer conference required. trade. The leading theme of the class is the determinants of the observed Fall ECON1620 S01 16670 TTh 9:00-10:20(05) (B. Knight) cross-country differences in income per capita and growth rates. We will Fall ECON1620 L01 16671 W 7:00-7:50 (B. Knight) consider a wide range of theories to explain such disparities in economic Fall ECON1620 L02 16672 W 4:00-4:50 (B. Knight) outcomes, with a special focus on theories that stress problems in financial Fall ECON1620 L03 16673 W 7:00-7:50 (B. Knight) markets. We will also study the role of wealth inequality. We may also Fall ECON1620 L04 16674 Th 12:00-12:50 (B. Knight) cover structural change, the link between volatility, diversification and development, and selected topics in international trade. Fall ECON1620 L05 16675 Th 4:00-4:50 (B. Knight) Fall ECON1620 L06 16676 Th 7:00-7:50 (B. Knight) ECON 1550. International Finance. Spr ECON1620 S01 25254 TTh 10:30-11:50(09) (S. Kwon) The ; identification and measurement of surpluses Spr ECON1620 L01 25255 M 8:00-8:50 (S. Kwon) and deficits; international monetary standards; the role of gold and paper ; government policies; free versus fixed exchange rates; Spr ECON1620 L02 25256 W 4:00-4:50 (S. Kwon) international capital movements; war and inflation; the International Spr ECON1620 L03 25257 W 7:00-7:50 (S. Kwon) Monetary Fund. Spr ECON1620 L04 25258 Th 12:00-12:50 (S. Kwon) Fall ECON1550 S01 16667 MWF 10:00-10:50(14) (M. Lancastre) Spr ECON1620 L05 25259 Th 4:00-4:50 (S. Kwon) Spr ECON1620 L06 25260 Th 7:00-7:50 (S. Kwon) ECON 1560. Economic Growth. A theoretical and empirical examination of economic growth and income ECON 1629. Applied Research Methods for Economists. differences among countries. Focuses on both the historical experience This class will cover the basics of applied research in economics. We of countries that are currently rich and the process of catch-up among will cover how we use economic theory to formulate a hypothesis to test poor countries. Topics include population growth, accumulation of physical and how we use data to test our hypothesis. As part of the coursework, and human capital, technological change, natural resources, income students will be exposed to topics across multiple fields of applied distribution, geography, government, and culture. economic research (eg, health, labor, political economy, urban economics, Fall ECON1560 S01 16668 TTh 2:30-3:50(12) (D. Weil) development, etc.) that can be explored in greater detail in more advanced classes. Students will read and discuss papers published in professional ECON 1565. Income Inequality. journals and perform data analysis. This course examines the macroeconomic dimensions of income Fall ECON1629 S01 16677 MW 3:00-4:20(03) (A. Aizer) inequality. How much of national income is paid to capital and how much to labor? What determines the gap in between workers with Fall ECON1629 S02 16678 TTh 1:00-2:20(08) (D. Bjorkegren) different skill levels, as well as variation in wages within skill groups? How Fall ECON1629 L01 16680 M 9:00-9:50 (A. Aizer) have changes in technology, openness to trade, government policy, and Fall ECON1629 L02 16681 M 7:00-7:50 (A. Aizer) the quantities of factors of production contributed to changes in these Fall ECON1629 L03 16682 T 12:00-12:50 (A. Aizer) relative returns? What determines the aggregate quantities of different Fall ECON1629 L04 16683 T 7:00-7:50 (A. Aizer) factors of production as well as their distribution among individuals? How Fall ECON1629 L05 16684 M 4:00-4:50 (D. Bjorkegren) does inequality feed back to affect macroeconomic stability and long term Fall ECON1629 L06 16685 M 5:00-5:50 (D. Bjorkegren) growth? Fall ECON1629 L07 16795 F 9:00-9:50 (D. Bjorkegren) ECON 1570. The Economics of Latin Americans. Fall ECON1629 L08 16796 F 12:00-12:50 (D. Bjorkegren) This course introduces students to the economic study of Latin Americans Spr ECON1629 S01 25261 TTh 2:30-3:50(11) (L. Lagos) (both in the US and abroad). Topics include the determinants of economic Spr ECON1629 S02 25262 TTh 9:00-10:20(01) (M. Pecenco) development, institutions and growth, imperialism, conflict, immigration Spr ECON1629 L01 25263 M 9:00-9:50 (L. Lagos) and discrimination. Spr ECON1629 L02 25264 M 7:00-7:50 (L. Lagos) Fall ECON1570 S01 16669 TTh 10:30-11:50(13) (P. Dal Bo) Spr ECON1629 L03 25265 T 12:00-12:50 (L. Lagos) ECON 1590. The Economy of China since 1949. Spr ECON1629 L04 25266 T 7:00-7:50 (L. Lagos) This course examines the organization, structure, and performance of Spr ECON1629 L05 25267 M 4:00-4:50 (M. Pecenco) the economy of China. Emphasis is placed on the changing economic Spr ECON1629 L06 25268 M 5:00-5:50 (M. Pecenco) system including the roles of planning and markets and government Spr ECON1629 L07 25269 F 9:00-9:50 (M. Pecenco) economic strategy and policies. The pre-reform period (1949-78) receives attention especially as it influences developments in the market-oriented Spr ECON1629 L08 25270 F 12:00-12:50 (M. Pecenco) reform period since 1978. Topics include rural and urban development, ECON 1630. Mathematical Econometrics I. industrialization and structural change, rural-urban migration, income Advanced introduction to econometrics with applications in finance and inequality and growth, the role of international trade and investment. Both economics. How to formulate and test economic questions of . The analytical and descriptive methods are used. multivariate linear regression model is treated in detail, including tests Spr ECON1590 S01 25253 TTh 1:00-2:20(08) (L. Putterman) of the model's underlying assumptions. Other topics include: asymptotic analysis, instrumental variable estimation, and likelihood analysis. concepts and matrix algebra are used extensively. Fall ECON1630 S01 16679 TTh 10:30-11:50(13) (P. Hull) Spr ECON1630 S01 25271 TTh 2:30-3:50(11) (J. Roth) ECON 1640. Mathematical Econometrics II. Continuation of ECON 1630 with an emphasis on econometric modeling and applications. Includes applied topics from labor, finance, and macroeconomics. Spr ECON1640 S01 25272 MW 8:30-9:50(02) (T. Kitagawa)

14 Economics Economics 15

ECON 1650. Financial Econometrics. ECON 1740. Mathematical Finance. Financial time series, for example, asset returns, options and interest The course is an introduction to both the economics and the mathematics rates, possess a number of stylized features that are analyzed using a of finance. Concentrating on the probabilistic theory of continuous specific set of econometric models. This course deals with an introduction arbitrage pricing of financial derivatives, it provides full treatment of Black- to such models. It discusses time series models for analyzing asset Scholes option pricing and its extensions to the case of stochastic volatility returns and interest rates, (GARCH) models to explain volatility, models to and VIX derivatives. More generally, the techniques of change of measure explain extreme events which are used for the at Risk and models and risk-neutralization are extensively studied, including in the context for options . of fixed-income securities. Finally, implications for financial econometrics (stochastic volatility processes, models of stochastic discount factors) are ECON 1660. Big Data. The spread of information technology has lead to the generation of briefly discussed. vast amounts of data on human behavior. This course explores ways ECON 1750. Investments II. to use this data to better understand the societies in which we live. The Individual securities: forwards, futures, options and basic derivatives, course weaves together methods from machine learning (OLS, LASSO, pricing conditions. Financial markets: main empirical features, equity trees) and economics (reduced form causal inference, economic theory, premium and risk-free rate puzzles, consumption based asset pricing structural modeling) to answer real world questions in a sequence of models, stock market participation, international diversification, and topics projects. We will use these projects as a backdrop to weigh the importance in behavioral finance. of causality, precision, and computational efficiency. Knowledge of basic Fall ECON1750 S01 16690 TTh 1:00-2:20(08) (K. Rozen) econometrics and programming is assumed. ECON 1760. Financial Institutions. ECON 1670. Advanced Topics in Econometrics. This course analyzes the role of financial institutions in allocating This class will present advanced topics in Econometrics. The focus will resources, managing risk, and exerting over firms. be on cross-sectional methods; the class will start with some basic results After studying determination, the risk and term structure needed for any advanced econometrics work, before giving an introduction of interest rates, derivatives, and the role of central banks, it takes an to asymptotic and identification techniques and concepts, with some international perspective in examining the emergence, operation, and applications. regulation of financial institutions, especially banks. ECON 1680. Machine Learning, Text Analysis, and Economics. Fall ECON1760 S01 16691 MWF 12:00-12:50(15) (B. Gibbs) Economists need advanced methods to study data that is complex, high- ECON 1770. Fixed Income Securities. dimensional, and unstructured. This course highlights key challenges of The fixed income market is much larger than the stock market in the U.S. working with such data in economics and what machine learning and text Topics covered in this course include basic fixed income securities, term analysis methods can be used to address them. We will cover applications structure, hedging interest rate risk, investment strategies, fixed income of unsupervised and supervised learning for both numerical and text data. derivatives, mortgage-backed securities and asset-backed securities. Students will leave the course with a machine learning project and a text analysis project that will function as a research portfolio they can show ECON 1780. Advanced Topics in Corporate Finance. future employers or graduate programs. Lectures will introduce students This advanced, case-based seminar is focused on delving deeply to new material and include discussions of current economics research into several key pillars of corporate finance: valuation, financing, cash using machine learning and text analysis methods. Recitation sessions will management, and, importantly, . We will build upon alternate between two types: first, will be applied exercises demonstrating concepts presented in earlier finance courses, in particular, ECON 1710 methods covered in class, and second, will focus on developing writing and ECON 1720, and will use MBA-level cases to explore in much assignments and providing peer feedback. greater detail several concepts introduced in these classes. This course is rigorous - we will be analyzing at least one case each week and qualitative ECON 1710. Investments I. and quantitative case write-ups will be required throughout the semester, The function and operation of asset markets; the determinants of the as well as a comprehensive final project. We will have guest speakers prices of stocks, bonds, options, and futures; the relations between risk, throughout the semester. return, and investment management; the capital asset pricing model, Spr ECON1780 S01 25276 MWF 9:00-9:50(02) (B. Gibbs) normative portfolio management, and market efficiency. Fall ECON1710 S01 16686 MWF 11:00-11:50(03) (S. Kuo) ECON 1805. Economics in the Laboratory. Fall ECON1710 S02 16687 MWF 1:00-1:50(03) (S. Kuo) There is a growing literature on , which sheds light on whether the predictions of economic theory materialize in Spr ECON1710 S01 25273 MWF 11:00-11:50(12) (S. Kuo) controlled, laboratory settings. We will start by studying the methodology Spr ECON1710 S02 25274 MWF 1:00-1:50(12) (S. Kuo) of experimental economics. We then examine a range of classic and more ECON 1720. Corporate Finance. recent topics that have been taken to the laboratory. Topics of interest A study of theories of decision-making within corporations, with empirical will include fairness, bargaining, behavior in games and the impact of evidence as background. Topics include capital budgeting, risk, securities repeated interactions, rationality of decision-making, and the impact of issuance, capital structure, dividend policy, compensation policy, mergers communication, among others. and acquisitions, leveraged buyouts and corporate restructuring. Spr ECON1805 S01 25277 TTh 2:30-3:50(11) (K. Rozen) Fall ECON1720 S01 16688 MWF 9:00-9:50(09) (B. Gibbs) ECON 1820. Theory of Behavioral Economics. Spr ECON1720 S01 25275 MWF 12:00-12:50(05) (B. Gibbs) This course provides a formal introduction to behavioral economics, ECON 1730. Venture Capital, Private Equity, and Entrepreneurship. focusing mostly on individual decision making. For different choice This course will use a combination of lectures and case discussions to domains, we start by analyzing the behavior implied by benchmark models prepare students to make decisions, both as entrepreneurs and venture used by economists (e.g. rational choice, expected utility, exponential capitalists, regarding the financing of rapidly growing firms. The course will discounting). Experimental and empirical evidence is then used to highlight focus on the following five areas: some limitations of these models, and to motivate new models that 1. Business valuation have been introduced to account for these violations. We will cover, for 2. Financing instance, models of limited attention, non-expected utility, and hyperbolic 3. Venture Capital Industry discounting. 4. Employment Fall ECON1820 S01 16692 MW 8:30-9:50(09) (G. De Clippel) 5. Exit Fall ECON1730 S01 16689 TTh 2:30-3:50(12) (R. La Porta)

Economics 15 16 Economics

ECON 1825. Behavioral Economics and Public Policy. ECON 2040. Econometric Methods. This course explores ways that psychological research indicating Applications of mathematical statistics in economics. The nature of systematic departures from classical economic assumptions can be economic observations, cross-section and time series analysis, the translated into formal models that can be incorporated into economics. analysis of variance and regression analysis, problems of estimation. The course will emphasize careful interpretation and production of Spr ECON2040 S01 25280 MW 1:00-2:20(06) (T. Kitagawa) new evidence on relevant departures, formalizing this evidence into models that can generate sharp predictions using traditional economic ECON 2050. Microeconomics I. approaches, and exploring implications of those models for public policy. : consumer's and producer's theory; general competitive equilibrium and welfare economics: the Arrow-Debreu-McKenzie model; ECON 1830. Behavioral Finance. social choice and implementation. Over the past several decades, the field of finance has developed a Fall ECON2050 S01 16698 MW 10:30-11:50(14) (R. Serrano) successful paradigm based on the notions that investors and managers are generally rational and that the prices of securities are generally ECON 2060. Microeconomics II. “efficient.” In recent years, however, theoretical and empirical research has Economics of imperfect information: expected utility, risk and , shown this paradigm to be insufficient in describing the various features of optimization under , , and self-selection problems. actual financial markets. In this course we will examine how the insights of Economics of imperfect competition: ; discrimination; behavioral finance complement the traditional paradigm and shed light on ; in single shot, repeated and the behavior of asset prices, corporate finance, financial crises, and other stage games; and vertical differentiation. phenomena. Spr ECON2060 S01 25281 TTh 1:00-2:20(08) (K. Rozen) Fall ECON1830 S01 16693 TTh 9:00-10:20(05) (R. La Porta) ECON 2070. Macroeconomics I. ECON 1850. Theory of Economic Growth. Consumption and , under both certainty and uncertainty; theory of Analysis of the fundamental elements that determine economic growth. It economic growth; real business cycles; investment; and asset pricing. examines the role of technological progress, population growth, income Fall ECON2070 S01 16706 TTh 2:30-3:50(12) (O. Galor) inequality, and government policy in the determination of (a) the pattern of ECON 2080. Macroeconomics II. economic development within a country, and (b) sustainable differences in Money, inflation, economic fluctuations and nominal rigidities, monetary per capita income and growth rates across countries. and fiscal policy, investment, unemployment, and search and coordination Spr ECON1850 S01 25278 TTh 1:00-2:20(08) (O. Galor) failure. ECON 1860. The Theory of General Equilibrium. Spr ECON2080 S01 25282 MW 10:30-11:50(04) (G. Eggertsson) Existence and efficiency of equilibria for a competitive economy; ECON 2090. Topics in Microeconomics: Decision Theory and comparative statistics; time and uncertainty. Evidence. ECON 1870. Game Theory and Applications to Economics. Decision theory is the use of axiomatic techniques to understand Study of the elements of the theory of games. Non- games. the observable implications of models of choice. It is central to the Repeated games. Cooperative games. Applications include bargaining incorporation of psychological insights into economics, and provides a and theory. vital link between theory and experimental economics. This course covers standard economic models of choice in different domains - choice under ECON 1960. Honors Tutorial for Economics Majors. risk, choice under uncertainty and intertemporal choice. It looks at key Students intending to write an honors thesis in economics must register topics from behavioral economics: choice with incomplete information, for this class. The goal is to help students with the process of identifying reference dependent preferences, temptation and self control, the Allais and defining feasible topics, investigating relevant background literature, paradox, ambiguity aversion and . In each case it relates framing hypotheses, and planning the structure of their thesis. Each the predictions of theory to experimental data on behavior. student must find a thesis advisor with related to their topic and plan to enroll in ECON 1970 during the final semester of senior year. ECON 2130. Topics in . analysis with an emphasis on heterogeneous-agent Note this course does not count toward Economics concentration credit. economics and the interaction between business cycles and economic ECON 1970. Independent Research. growth. Section numbers vary by instructor. Please check Banner for the correct ECON 2140. Economic Modeling for Applied Economists. section number and CRN to use when registering for this course. The purpose of this course is to develop formal tools for building formal, ECON 2010. Mathematics for Economists. theoretical economic models to support empirical research. This class Techniques of mathematical analysis useful in economic theory and is aimed at graduate students conducting applied research who have econometrics. Linear algebra, constrained maximization, difference and begun conducting independent research. The class will first introduce and differential equations, calculus of variations. review important topics from game theory used in constructing models, Fall ECON2010 S01 16695 MW 1:00-2:20(06) ’To Be Arranged' but with an applied focus, taking into account common data restrictions and limitations. Emphasis will be placed on tools which can be used ECON 2020. Analysis. to complement existing research goals. Students will be expected to This course introduces students to basic concepts in software engineering participate in class discussions, weekly assignments, and presentations/ and scientific computing as preparation for conducting frontier research reviews of existing papers. Class time will be split between lectures and in all fields of economics. Topics in software engineering will include group discussions/presentations. The main deliverable for the course version control, automation, abstraction, parallel processing, and object- is to add a formal modeling section to an existing/ongoing independent oriented programming. Topics in scientific computing and numerical research project. methods will include programming basics, floating-point arithmetic, Fall ECON2140 S01 16711 W 9:00-11:20(09) (B. Pakzad-Hurson) numerical differentiation and integration, equation-solving, and numerical optimization. Coding will be in Python and applications will focus on topics ECON 2150. Market Design. likely to arise in economics research. Key concepts will be introduced in This is a theoretical course in market design, specifically studying the interactive lectures and reinforced in in-class group work and at-home theory and applications of matching. It is designed for students interested assignments. in market and , and may also be of interest to students Spr ECON2020 S01 25279 TTh 10:30-11:50(09) ’To Be Arranged' interested in utilizing applied theory in their research. The course will begin with an overview of matching markets, but will quickly move to recent ECON 2030. Introduction to Econometrics I. advances and open research topics. The probabilistic and statistical basis of inference in econometrics. Fall ECON2150 S01 16783 W 1:00-3:20(06) (B. Pakzad-Hurson) Fall ECON2030 S01 16696 TTh 1:00-2:20(08) (S. Schennach)

16 Economics Economics 17

ECON 2160. Risk, Uncertainty, and Information. ECON 2270. Political Economy II. Advanced topics in the theories of risk, uncertainty and information, This is the second course in the political economy sequence. It continues including the following: Decision making under uncertainty: expected and the theoretical and empirical coverage of the economic analysis to political non-expected utility, measures of risk aversion, stochastic dominance. behavior and institutions. This course is designed for students wishing to Models with a small number of agents: optimal risk-sharing, the principal- specialize in political economy. A variety of topics will be covered paying agent paradigm, contracts. Models with a large number of agents: special attention to the formation of skills necessary to become a producer asymmetric information in centralized and decentralized markets. of research and moving away from being just a consumer. Implementation theory. Spr ECON2270 S01 25284 F 9:30-11:50(03) (P. Dal Bo) ECON 2170. Applied Economic Theory. ECON 2310. Labor Economics. In this course we will survey some classic theoretical papers published This course teaches core topics in labor economics including labor supply, post-1980, drawn from a variety of fields in economics. Our emphasis labor demand, simple search models, and a series of additional selected will be on mastering modeling techniques in these papers, with an eye topics. The primary focus will be on linking theoretical models to tests in toward applying those techniques to new problems. The papers fall within the empirical literature. We will typically cover papers and topics in detail, the broad areas of industrial organization, and the rather than survey the literature. When required, we also cover tools in theory of incentives. applied econometrics. ECON 2180. Game Theory. Fall ECON2310 S01 16972 M 1:00-3:20(06) (M. Pecenco) Non-cooperative games, dominance, Nash equilibrium, refinements. ECON 2320. Applied Methods. Cooperative games, core, bargaining set, equilibrium in normal form This course examines identification issues in empirical microeconomics. games. Implementation. Repeated games. The focus on the sensible application of econometric methods to empirical Spr ECON2180 S01 25572 TTh 2:30-3:50(11) (J. Fanning) problems in economics and policy research. The course examines issues ECON 2190A. Cooperative Game Theory. that arise when analyzing non-experimental data and provides a guide No description available. for tools that are useful for applied research. By the end of the course, students should have a firm grasp of the types of research designs and ECON 2190B. General Equilibrium Theory. methods that can lead to convincing analysis and be comfortable working No description available. with large-scale data sets. ECON 2190C. Topics in Economic Theory. ECON 2330. Topics in Labor Economics. No description available. The course introduces students to procedures used to extract evidence ECON 2190D. Topics on Game Theory. from data and to perform rigorous causal inference in order to evaluate First, we will discuss the several elements that characterize a two-sided public policy on issues such as schooling, the return to education and matching market and the concept of setwise-stability versus core. Then,we returns on late intervention programs. Econometric methods, such as will model several of these markets (one-to-one, many-to-one and many- Instrumental Variable, Matching, Control Functions, Self Selection Models to-many, in the discrete and continuous cases) under the game-theoretic and Discrete Choice as well as Panel Data Methods, are discussed in approach and will define for all of them the stability concept, establishing detail. its relationship with the core and the competitive equilibrium concepts. Spr ECON2330 S01 25573 W 3:00-5:30(10) (K. Chay) Afterwards, we will introduce the theory of stable matching model by ECON 2350. Inequality and Social Policy. focusing on both the cooperative and non-cooperative aspects of the one- This is a survey course about economic and social inequality with a to-one matching markets. focus on the applied methods used to examine inequality. The course ECON 2190E. Topics in Economics: Economics and Psychology. will provide a broad perspective on the causes and consequences of This course is about the challenges that economic theorists face in their inequality, develop an understanding of the data and methods used to quest for economic models in which decision makers have a "richer measure and analyze changes in income and wellbeing, and review psychology" than prescribed by textbook models. The enrichment selected topics relating to anti-poverty and social policy programs. takes two forms: (i) broadening the set of considerations that affect Fall ECON2350 S01 16776 TTh 9:00-10:20(05) (S. Perez) decision makers' behavior beyond simple, material self-interest; (ii) ECON 2350B. Inequality and Public Policies. relaxing the standard assumption that agents have unlimited ability to This course on economic inequality provides an overview of the most perceive and analyze economic environments, and that they reason about recent empirical research on the extent, the anatomy and the historical uncertainty as "Bayesian statisticians". Special emphasis will be put on the evolution of inequality. In addition to these descriptives, it focuses on the implications of "psychologically richer" models on market behavior. causes of inequality, covering research designs from the research frontier. ECON 2210. Political Economy I. The course also reviews the role of government policies, such as anti- An introduction to political economy, focusing especially on the political poverty programs and progressive taxes on income and on capital, in economy of institutions and development. Its purpose is to give a good affecting inequality. command of the basic tools of the area and to introduce at least some of ECON 2360. Economics of Health and Population. the frontier research topics. The readings will be approximately evenly This course is designed to do the following three things: 1) build on your divided between theoretical and empirical approaches. knowledge of the methodological problems and approaches in applied ECON 2260. Political Economy I. microeconomics with applications from the health economics literature; 2) This first course in political economy provides theoretical and empirical survey the major topics in Health Economics, and 3)better prepare you to coverage of the application of economic analysis to political behavior and write an empirical microeconomics thesis. By the end of this course you institutions. This course is designed for students wishing to specialize should understand how to draw credible inference using non-experimental in political economy but may also be useful for students specializing in data and be able to contribute to public policy debates regarding health related areas, such as development economics and macroeconomics. and medical care in the US. After starting with a basic overview of candidates and voters, we then ECON 2370. Inequality: Theory and Evidence. turn to specific topics in the areas of electoral systems, legislatures and This course uses economic theory to study the problems of inequality. legislative bargaining, the role of the media, local , and fiscal The emphasis is two-fold: (1) to explain persistent resource disparities federalism. between individuals or social groups; and, (2) to assess the welfare effects Fall ECON2260 S01 16773 Th 1:00-3:20(08) (B. Knight) of various equality-promoting policies. Topics include racial stereotypes, residential segregation, distributive justice, incentive effects of preferential policies, dysfunctional identity, and endogenous inequality due to the structure of production and exchange.

Economics 17 18 Economics

ECON 2380. The Economics of Children and Families. ECON 2510. Economic Development I. We will consider the current research in economic behavior related to This course covers issues related to labor, land, and natural resource children, child health, and child economic and social well-being. We begin markets in developing countries, in partial and general equilibrium settings. with the model of human capital development and the technology of skill Topics covered include: The agricultural household model, under complete formation and then proceed to empirical work. Individual topics covered and incomplete market assumptions; household and individual labor will include: models of human capital and the technology of skill formation, supply, migration, self-employment, and the informal sector; rental market the fetal origins of disease, non-marital and teen fertility, the evolution frictions and sharecropping arrangements; and environmental externalities of gaps in human capital, models of parental investment, pre-school (e.g., pollution, water usage, etc.), and sustainable development. environments, the impact of income and in-kind transfer programs on child Spr ECON2510 S01 25286 MW 10:30-11:50(04) (A. Foster) health and well-being, neighborhood influences, adolescent risky behavior. ECON 2520. Economic Development II. ECON 2410. Urbanization. This course deals with the economic analysis of institutions, with a The first part of the course covers social interactions, productivity particular focus on community-based institutions in developing countries. spillovers, systems of cities models, urban growth, and rural-urban Institutions covered in this course includes , ROSCAS, migration. The second part of the course covers topics such as durable networks, marriage and the family. housing, land market regulation and exclusion, and local political economy. Fall ECON2520 S01 16779 TTh 10:30-11:50(13) (D. Bjorkegren) Besides covering basic theoretical models, emphasis is placed on working through recent empirical papers on both the USA and developing ECON 2530. Behavioral and Experimental Economics. countries. Prerequisites: ECON 2050 and 2060. An introduction to the methodology of experimental economics with Spr ECON2410 S01 25285 TTh 1:00-2:20(08) (M. Turner) an emphasis on experiments designed to illuminate problems in organizational design and emergence of institutions, and experiments ECON 2420. The Structure of Cities. investigating the operation of social and social-psychological elements of This course covers standard urban land use theory, urban transportation, such as altruism, inequality aversion, reciprocity, trust, concern sorting across political jurisdictions, hedonics, housing, segregation and for relative standing, envy, and willingness to punish norm violators. crime. Empirical examples are taken primarily from the United States. Experiments studied will include ones based on the prisoners' dilemma, After taking the course, students will have an understanding of standard dictator game, ultimatum game, and especially the voluntary contribution urban theory and of empirical evidence on various important applied urban mechanism (public goods game) and the trust game. Junior and seniors topics. In addition, students will gain practical experience in manipulating in the APMA-Economics, Math-Economics and CS-Economics may enroll spatial data sets and simulating urban models. with instructor's permission. ECON 2450. Exchange Scholar Program. Spr ECON2530 S01 25287 TTh 9:00-10:20(01) (L. Putterman) Fall ECON2450 S01 15694 Arranged ’To Be Arranged' ECON 2580. International Trade. Fall ECON2450 S02 15695 Arranged ’To Be Arranged' General equilibrium analysis of the theory of international trade and trade Spr ECON2450 S01 24576 Arranged ’To Be Arranged' policy under ; trade under imperfect competition; strategic trade policy; trade and growth; and the political economy of ECON 2470. Industrial Organization. trade policy determination. Empirical analysis of trade theories and policy. The focus of this course will be on empirical models for understanding Additional topics include the theory of preferential trading areas, trade and the interactions between firms and consumers in imperfectly competitive labor, and the analytics of trade policy reform. markets. Lectures and problem sets will teach canonical models and methods; class discussion will focus on applications of these ECON 2590. Topics in International Economics. methods, especially applications outside of traditional areas of industrial Advanced theoretical and empirical research topics in international organization. Students who take this class will be prepared to conduct economics emphasizing positive and normative analysis of trade, research in industrial organization or to "export" methods from industrial trade policy and international trading agreements, policy reform and organization to other areas of applied microeconomics. stabilization, exchange rate determination, sovereign debt and Fall ECON2470 S01 16777 T 1:30-3:50(08) (J. Shapiro) crises and optimum currency areas. ECON 2480. Public Economics. ECON 2600. Bayesian and Structural Econometrics. Theoretical and empirical analysis of the role of government in private This course will cover a number of topics in Bayesian econometrics and economies. Topics include welfare economics, public goods, externalities, estimation of structural dynamic discrete choice models. The Bayesian income redistribution, tax revenues, public choice, and fiscal federalism. econometrics part of the course will start with introductory textbook material (Geweke, 2005, Contemporary Bayesian Econometrics and ECON 2485. Public Economics I. Statistics, denoted by G). A list of 11 topics with corresponding readings is This course covers core issues in the design of optimal government given below. Topics 1-5 will be covered. If time permits, a subset of topics policies, and the empirical analysis of those policies in the world. In 6-11 determined by interests of the course participants will be covered as addition, this course will familiarize students with the basic empirical well. Readings marked with asterisk * are not required. methods and theoretical models in applied microeconomics. Emphasis is placed on connecting theory to data to inform economic policy. Specific ECON 2610. Applied Econometrics. topics include efficiency costs and incidence of taxation, income and Topics in applied econometrics. Both cross-sectional and time series corporate taxation, theory, tax expenditures and tax-based issues will be discussed. Special emphasis will be placed on the link transfer programs, welfare analysis in behavioral models, and social between econometric theory and empirical work. security and retirement policy. ECON 2620. Topics in Econometrics. ECON 2490. Public Finance II. This course will begin with a survey of the literature on identification This course examines empirical work on (1) individual taxation and using instrumental variables, including identification bounds, conditional (2) human capital production. The goal of the course will be to provide moment restrictions, and control function approaches. The next part of graduate students with an overview of recent empirical methods and class will cover some of the theoretical foundations of machine learning, findings in these areas, and to identify promising research questions for including regularization and data-driven choice of tuning parameters. We their own work. will discuss in some detail the canonical normal means model, Gaussian process priors, (empirical) Bayes estimation, and reproducing kernel Hilbert space norms. We will finally cover some selected additional topics in machine learning, including (deep) neural nets, text as data (topics models), multi-armed bandits, and data visualization.

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ECON 2630. Econometric Theory. ECON 2890C. Topics in Macro and Monetary Economics. Standard and generalized linear models, simultaneous equations, This is a graduate class that covers selected topics at the intersection of maximum likelihood, Bayesian inference, panel data, nonlinear models, macroeconomics and monetary economics, for students in the second asymptotic theory, discrete choice, and limited dependent variable models. year of the PhD and above. The leading theme of the class is the current Fall ECON2630 S01 16780 T 5:30-7:50(07) (S. Schennach) economic crisis and how it can be modeled. The syllabus is evolving. Fall ECON2890CS01 17055 Th 4:00-6:30(04) (G. Eggertsson) ECON 2640. Microeconometrics. Topics in microeconometrics treated from a modern Bayesian perspective. ECON 2890D. Topics in Macroeconomics, Development and Trade. Limited and qualitative dependent variables, selectivity bias, duration This is a graduate class that covers selected topics at the intersection models, panel data. of macroeconomics, economic development and trade, for students in the second year of the PhD and above. The leading theme of the ECON 2660. Recent Advances in the Generalized Method of class is the determinants of the observed cross-country differences in Moments. Method of Moments (GMM) and Empirical Likelihood (EL). Kernel methods income per capita and growth rates, with a focus on the long run. We for density and regression estimation. Optimal instruments and local EL. start by reviewing theories where factor markets function perfectly and Applications to non-linear time series models, Euler equations and asset only aggregates matter. We then move to non-aggregative theories, pricing. placing special emphasis on theories of financial frictions. We spend some time studying the stochastic growth model with partially uninsurable ECON 2800. Macroeconomic Slack. idiosyncratic risk. This course will cover research topics related to macroeconomic slack, both on the labor market (unemployment) and on the product market ECON 2920A. Advanced Econometrics - Microeconometrics from a (idleness). It will address the following questions: Semiparametric Perspective. Why does slack exist at the macroeconomic level? This course is concerned with a rigorous, state-of-the-art introduction Why does slack vary over time? And how is this related to price flexibility to Micro-econometrics. In particular, we will review many of the more recent contributions in Microeconometric Theory. While the focus of this or rigidity? What is the socially optimal level of slack? course is theoretical, we will also be concerned with applications and How should respond to fluctuations in slack over the the applicability of these methods. More specifically, we will consider business cycle? nonparametric regression and density estimation methods, as well as How should fiscal policy respond to fluctuations in slack over the business methods and models for binary and categorial dependent variables, for cycle? limited dependent variables in general, and for models of selection. We will What happens to slack at the zero lower bound? also discuss more general nonparametric IV models. Prerequisites are: Introductory Econometrics (at the level of the Wooldridge (2002). Spr ECON2800 S01 25991 M 1:00-3:20(07) (P. Michaillat) ECON 2920B. Topics in Game Theory. ECON 2820. Discrete Dynamical Systems and Applicaton to No description available. Intertemporal Economics. This course will focus on the qualitative analysis of discrete dynamical ECON 2930. Workshop in Applied Economics. systems and their application for Intertemporal Economics. No description available. Fall ECON2930 S01 16909 Th 4:00-5:30(11) (J. Bruhn) ECON 2830. Economic Growth and Comparative Development. This course will explore the origins of the vast inequality in income Spr ECON2930 S01 25354 Th 4:00-5:30(17) (D. Bjorkegren) per capita across countries, regions and ethnic groups. It will analyze ECON 2950. Workshop in Econometrics. the determinants of growth process over the entire course of human No description available. history and will examine the role of deeply-rooted geographical, Fall ECON2950 S01 16912 T 4:00-5:30(07) (S. Schennach) institutional, cultural, and genetic factors in the observed pattern of uneven Spr ECON2950 S01 25355 T 4:00-5:30(16) (T. Kitagawa) development across the globe. Spr ECON2830 S01 25288 F 1:00-3:20(06) (O. Galor) ECON 2960. Workshop in Macroeconomics and Related Topics. No description available. ECON 2840. Empirical Analysis of Economic Growth. Fall ECON2960 S01 16913 W 4:00-5:30(10) (O. Galor) Examines economic growth, focusing on the effects of technological Spr ECON2960 S01 25356 W 4:00-5:30(10) (Y. Koby) change, fertility, income inequality, and government policy. ECON 2970. Workshop in Economic Theory. ECON 2850. Theory of Innovation-Based Growth. No description available. Issues concerning innovation-based growth theory, including scale effects Fall ECON2970 S01 16914 M 4:00-5:30(03) (R. Serrano) and effects of research and development versus . Interactions between growth and phenomena such as fluctuations, Spr ECON2970 S01 25360 M 4:00-5:30(13) (G. De Clippel) unemployment, natural resources, competition, regulation, patent policy, ECON 2971. Race and Inequality Seminar. and international trade. This is a workshop primarily for graduate students and faculty in the ECON 2860. Comparative Development. Department of Economics where original research on issues of race and Weighing the shadow of history on contemporary economic performance inequality are presented by external visitors, along with Brown faculty and occupies an increasing part of the agenda among growth and graduate students. No course credit. development economists. This course will focus on recent contributions ECON 2980. Reading and Research. in the literature of the historical determinants of comparative development Individual research projects. Section numbers vary by instructor. Please paying particular attention on how to integrate the use of Geographic check Banner for the correct section number and CRN to use when Information Systems (GIS) in the research inquiry. The goal is to get you registering for this course. thinking about the big historical processes that have shaped the modern world. We will go over background concepts, critically review recent ECON 2990. Thesis Preparation. works and talk about new research designs, like that of spatial regression For graduate students who have met the residency requirement and are discontinuity. continuing research on a full time basis. Fall ECON2990 S01 15696 Arranged ’To Be Arranged' Fall ECON2860 S01 17050 T 4:00-6:30(07) (S. Michalopoulos) Spr ECON2990 S01 24577 Arranged ’To Be Arranged'

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