ECON 1:
Principles of Economics
The economic way of thinking and the functioning of a modern market economy. The behavior of consumers and firms. Markets for goods and inputs. Analysis of macroeconomic variables: output, employment, inflation, interest rate. Determination of long-run growth and short-term fluctuations. The role of government: regulation, monetary, and fiscal policy.
Terms: Aut, Win, Spr, Sum
| Units: 5
| UG Reqs: GER:DB-SocSci, WAY-SI
ECON 1V:
Principles of Economics
The economic way of thinking and the functioning of a modern market economy. The behavior of consumers and firms. Markets for goods and inputs. Analysis of macroeconomic variables: output, employment, inflation, interest rate. Determination of long-run growth and short-term fluctuations. The role of government: regulation, monetary, and fiscal policy.
Terms: Sum
| Units: 5
| UG Reqs: GER:DB-SocSci, WAY-SI
ECON 5:
Economics in the News
Each week a different Econ faculty member will discuss recent, exciting developments in their field. A particular emphasis will be how economics informs policy debates. The course will provide a preview of upper division courses and research opportunities in economics. Prerequisite: Econ 1, Econ 1A or 1B.
Terms: Spr
| Units: 1
ECON 10:
Silicon Valley Meets Wall Street
Seminar in applied economics with focus on the microcosm of Silicon Valley, how growth companies are originated, managed and financed from start-up to IPO. Round-table discussion format. Applicable to those students with an interest in technology company formation, growth and finance including interaction with Wall Street. Enrollment limited to 10 students.
Terms: Aut, Win, Spr
| Units: 1
ECON 11N:
Understanding the Welfare System
Welfare reform passed by the Federal Government in 1996 heralded a dramatic step in how our nation designs and operates its programs that support poor families. The centerpiece of this legislation known as 'devolution' transferred much responsibility for these programs to the states. States had their first opportunity since the 'war on poverty' of the 1960s to undertake radical changes in setting up their public assistance programs. Recently, many of the reforms instituted in the 1990s are being hotly debated and in some aspects reversed. What flexibility did the states receive under welfare reform, and what considerations are relevant in exercising this flexibility? What selections have states made, and how are their programs and those of the federal government likely to evolve in the future? This seminar will address these questions, exploring how reforms changed welfare and who has been affected by these changes. In addition to covering the patchwork of different programs that currently constitute America's social safety net, the seminar will also scrutinize the makeup and trends in government spending and how our nation defines poverty and eligibility for income support. Moreover, the discussion will illustrate the role that economics plays in assessing the effectiveness of anti-poverty programs and the consequences on families' behavior. Students will participate in a project in which they develop their own recommendations for devising a safety net for poor families in America.
Terms: Aut
| Units: 3
| UG Reqs: WAY-SI
ECON 12:
Investment Reflections from a Hedge Fund Career: Mindset & Meditation as Competitive Advantage
The class will attempt to relate the most important sources of competitive advantage during the instructor's fifteen years co-managing Scout Capital, a long-short hedge fund. The class will learn Scout's investment framework, in order to apply it to real historical cases. The cases are designed both to illustrate the investment framework in action, and to enable the student to experience the perceptual difficulties that confront professional investors. The class will discuss techniques for managing the mental fog that plagues most investors, with an emphasis on meditation. Students should be prepared to commit 15 minutes per day, every day, to meditation practice during the term of the course. Each class will contain a short guided meditation, and a short group reflection on students' meditation experiences.
Terms: Aut
| Units: 1
ECON 13SC:
A Random Walk Down Wall Street
The title of this course is the title of one of the books that will be required summer reading. The course will introduce modern finance theory and cover a wide range of financial instruments: stocks, bonds, options, mutual funds, exchange traded funds, mortgage back securities, etc. Historical returns on different asset classes will be examined. The efficient market hypothesis and the case for and against index funds will be discussed. The course for 2015 will examine the ongoing policies to stimulate the economy, including the quantitative easing policy of the Federal Reserve. There will be coverage of global financial markets. We will try to reconcile the long-run return on stocks, bonds, and money market instruments with the capital asset pricing model. We will try to connect financial markets with the problems of the real economy including the entitlement programs. We will talk with venture capitalists, Federal Reserve officials, hedge fund and mutual fund managers, and those who manage large institutional endowments. Students will be expected to write a short paper and make an oral presentation to the class. A wide range of topics will be acceptable, including market regulation, the introduction of new financial instruments, the functioning of commodity futures markets, and evaluations of the federal government intervention in financial markets. Sophomore College Course: Application required, due noon, April 7, 2015. Apply at http://soco.stanford.edu.
Terms: Sum
| Units: 2
ECON 17N:
Energy, the Environment, and the Economy
Examines the intimate relationship between environmental quality and the production and consumption of energy. Assesses the economics efficiency and political economy implications of a number of current topics in energy and environmental economics. Topics include: the economic theory of exhaustible resources, Greenhouse Gas Emissions (GHG) control (cap and trade mechanisms and carbon fees), GHG emissions offsets, the Strategic Petroleum Reserve (SPR), the "smart" transmission grid for electricity, nuclear energy and nuclear waste, the real cost of renewable energy, natural gas and coal-fired electricity production, the global coal and natural gas markets, Corporate Average Fuel Efficiency (CAFE) and Low-Carbon Fuel Standards (LCFS), Energy Efficiency Investments and Demand Response, and Carbon Capture and Sequestration (CCS). For all topics, there will be reading to explain the economics and engineering behind the topic and class discussion to clarify and elaborate on this interaction.
Terms: Win
| Units: 3
| UG Reqs: WAY-SI
ECON 18A:
The Washington Debate About American Competitiveness
One of the central challenges for policymakers is how to make sure the United States remains the world's strongest economy and continues to create good paying jobs. Discusses what the proper role of government should be when it comes to our economy by exploring the history of American economic thought dating back to Alexander Hamilton. Considers the perspective of classical economists, Keynsian economists, and economists identifying themselves as part of the innovation school of economics. Examines various policy alternatives concerning taxes, regulations, immigration, and investment that can foster economic growth.
Terms: Aut
| Units: 1
ECON 18B:
Silicon Valley Leaders' Take on America's Economic Future
The academic debates about economic policy often miss the perspective of real word business leaders who are navigating a complex, global economy. In this class, we will hear from technology leaders and CEOS from many prominent Silicon Valley companies. They will offer their take on repatriation, immigration, trade issues, and tax reform. We will explore whether there is a disconnect between Congress and Silicon Valley business leaders, and if so, how we can bridge that divide.
Terms: Win
| Units: 1
ECON 18C:
Real World Policy Makers Discuss How the U.S. Can Compete in a Global Economy
Silicon Valley leaders and academic economists often do not understand the political constraints policy-makers face when it comes to economic decision-making. We will invite think tank leaders, political leaders, former administration officials, and labor leaders to shed light on what is driving the current economic thinking in Washington. We will explore how Washington views Silicon Valley, and what Silicon Valley companies can do to improve their perception in the Beltway. We also will discuss why Washington policy-makers matter to the future of the Valley, and what they can learn from business leaders here.
Terms: Spr
| Units: 1
ECON 24N:
Social Choice & Market Design
The design of mechanisms for group decision making, addressing questions about how apartment mates should choose rooms and share the rent, how a government should select and pay its suppliers, how a town should elect a mayor, or how students and college ought to be matches to one another. The first three weeks include classic papers by two Nobel-prize winning scholars about matching students and about government procurement. We will ask questions such as: What are the provable properties of these mechanisms? Is it possible for individuals or groups to manipulate the mechanisms for their own advantage? The remaining weeks focus on group decisions that are guided by "voting" mechanisms, showing the inherent trade-offs and proving theorems about the incompatibility among some simple, desirable properties of mechanisms. The ideas treated in this class are being used today to design new mechanisms for voting, matching, auctions and other applications, based on an awareness of the formal properties that the mechanisms may have.
Last offered: Spring 2014
| Units: 3
| UG Reqs: WAY-SI
ECON 25N:
Public Policy and Personal Finance (PUBLPOL 55N)
The seminar will provide an introduction and discussion of the impact of public policy on personal finance. Voters regularly rate the economy as one of the most important factors shaping their political views and most of those opinions are focused on their individual bottom lines. In this course we will discuss the rationale for different public policies and how they affect personal financial situations. We will explore personal finance issues such as taxes, loans, charity, insurance, and pensions. Using the context of (hypothetical) personal finance positions, we will discuss the public policy implications of various proposals and how they affect different groups of people, for example: the implications of differential tax rates for different types of income, the promotion of home ownership in the U.S., and policies to care for our aging population. While economic policy will be the focus of much of the course, we will also examine some of the implications of social policies on personal finance as well. There will be weekly readings and several short policy-related writing assignments.
Terms: Aut
| Units: 3
| UG Reqs: WAY-SI
ECON 49:
Managerial Economics
Intermediate microeconomics, with a focus on topics and methods of interest to future managers. Topics include market pricing and price discrimination, incentives, signaling, implicit collusion, decision making under uncertainty, auctions and basic game theory. Use of calculus and math-based analysis. Topics overlap considerably with Econ 50 and Econ 51. Aimed at Juniors and Seniors with non-Econ majors. Does not fulfill Econ major requirements. Economics majors should take Econ 50 and Econ 51.
Terms: Win, Spr
| Units: 5
| UG Reqs: WAY-SI
ECON 50:
Economic Analysis I
Individual consumer and firm behavior under perfect competition. The role of markets and prices in a decentralized economy. Monopoly in partial equilibrium. Economic tools developed from multivariable calculus using partial differentiation and techniques for constrained and unconstrained optimization. Prerequisites taken for letter grades: Econ 1 or 1A or 1V, and Math 51 or CME 100 or CME 100A. Must be taken for a Letter grade if majoring/minoring in Economics.
Terms: Aut, Win, Sum
| Units: 5
| UG Reqs: GER:DB-Math, WAY-FR, WAY-SI
ECON 51:
Economic Analysis II
Neoclassical analysis of general equilibrium, welfare economics, imperfect competition, externalities and public goods, intertemporal choice and asset markets, risk and uncertainty, game theory, adverse selection, and moral hazard. Multivariate calculus is used. Prerequisite: ECON 50.
Terms: Win, Spr
| Units: 5
| UG Reqs: WAY-FR, WAY-SI
ECON 52:
Economic Analysis III
Long-run economic growth and short-run economic fluctuations. Focus on the macroeconomic tools of government: fiscal policy (spending and taxes) and monetary policy, and their effects on growth, employment, and inflation. Prerequisites: ECON 50.
Terms: Aut, Spr
| Units: 5
| UG Reqs: WAY-SI
ECON 101:
Economic Policy Seminar
Economic policy analysis, writing, and oral presentation. Topics vary with instructor. Limited enrollment. Prerequisites: Econ 51 and 52, 102B, and two field courses. Some sections require additional prerequisites.
Terms: Aut, Win, Spr
| Units: 5
| UG Reqs: WAY-SI
| Repeatable
for credit
ECON 102A:
Introduction to Statistical Methods (Postcalculus) for Social Scientists
Probabilistic modeling and statistical techniques relevant for economics. Concepts include: probability trees, conditional probability, random variables, discrete and continuous distributions, correlation, central limit theorems, point estimation, hypothesis testing and confidence intervals for both one and two populations. Prerequisite: MATH 41 or equivalent.
Terms: Aut, Win
| Units: 5
| UG Reqs: GER:DB-Math, WAY-AQR, WAY-SI
ECON 102B:
Applied Econometrics
Hypothesis tests and confidence intervals for population variances, chi-squared goodness-of-fit tests, hypothesis tests for independence, simple linear regression model, testing regression parameters, prediction, multiple regression, omitted variable bias, multicollinearity, F-tests, regression with indicator random variables, simultaneous equation models and instrumental variables. Topics vary slightly depending on the quarter. Prerequisites: Econ 102A or equivalent. Recommended: computer experience (course often uses STATA software to run regressions).
Terms: Win, Spr
| Units: 5
| UG Reqs: WAY-AQR, WAY-SI
ECON 102C:
Advanced Topics in Econometrics
The evaluation problem. Identifying and estimating the effects of policies on outcomes of interest (e.g. tax rates on earnings, social security payments on unemployment duration). Identifying and estimating the effects of human capital and demographic variables on earnings and other labor market outcomes (e.g. experience and tenure on earnings, ethnicity and gender on unemployment duration). Topics: Instrumental variables estimation; limited dependent variable models (probit, logit, Tobit models); Panel data techniques (fixed and random effect models, dynamic panel data models), Discontinuity-based methods (Regression discontinuity design, Regression kink design). Prerequisite: Econ 102B
Terms: Spr
| Units: 5
| UG Reqs: WAY-AQR, WAY-SI
ECON 106:
World Food Economy (EARTHSYS 106, EARTHSYS 206, ECON 206, EESS 106, EESS 206)
The economics of food production, consumption, and trade. The micro- and macro- determinants of food supply and demand, including the interrelationship among food, income, population, and public-sector decision making. Emphasis on the role of agriculture in poverty alleviation, economic development, and environmental outcomes. (graduate students enroll in 206)
Terms: Spr
| Units: 5
| UG Reqs: WAY-SI
ECON 110:
History of Financial Crises
Financial crises are as old as financial markets themselves. There are many similarities between historical events. The recent credit crisis, for example, is far from unique. More often than not financial crises are the result of bubbles in certain asset classes or can be linked to a specific form of financial innovation. This course gives an overview of the history of financial crises, asset price bubbles, banking collapses and debt crises. We start with the Tulip mania in 1636 and end with the recent credit and debt crises. The purpose of the course is to understand the causes of past crises and to develop a conceptual framework that ties common elements together. We will discuss the lessons that we can draw for financial markets today. Prerequisites: Econ 50 or Econ 135.
Terms: Win
| Units: 4
ECON 111:
Money and Banking
The primary course goal is for students to master the logic, intuition and operation of a financial system - money, financial markets (money and capital markets, debt and equity markets, derivatives markets), and financial institutions and intermediaries (the Central Bank, depository institutions, credit unions, pension funds, insurance companies, venture capital firms, investment banks, mutual funds, etc.). In other words, how money/capital change hands between agents over time, directly and through institutions. Material will be both quantitative and qualitative, yet always highly analytical with a focus on active learning - there will be an approximately equal emphasis on solving mathematical finance problems (e.g. option pricing) and on policy analysis (e.g. monetary policy and financial regulation.) Students will not be rewarded for memorizing and regurgitating facts, but rather for demonstrating the ability to reason with difficult problems and situations with which they might not previously be familiar. Prerequisite: Econ 50, 52. Strongly recommended but not required: some familiarity with finance and statistics (e.g. Econ 135 or 140, Econ 102A)
Terms: Aut, Sum
| Units: 5
| UG Reqs: WAY-SI
ECON 114:
Economy and Economics of Ancient Greece (CLASSICS 183)
(Formerly CLASSHIS 114.) Cultural and political background for Athens of the 5th and 4th century BC. Athenian economy of the 4th century BC. Economic ideas of Plato, Aristotle, and Xenophon. Pros and Cons of utilitarianism in light of the ethical theories of Plato and Aristotle. Economy and economics of ancient Greece will be compared to the same of ancient China. There is an interesting parallel.
Terms: Win
| Units: 5
| UG Reqs: GER:EC-GlobalCom, WAY-SI
ECON 116:
American Economic History (AMSTUD 116, HISTORY 156)
The American economy from colonial times to the present, illustrating the role of history in economic life. Topics: U.S. economic development in global and comparative context; slavery as an economic system; emergence of American technology and business organization; economics of the Great Depression and the New Deal; post-World War II economic performance and social change; globalization, information technology, and inequality. Prerequisite: 1 or 1A or 1V.
Terms: Spr
| Units: 5
| UG Reqs: GER:DB-SocSci, GER:EC-AmerCul, WAY-SI
ECON 118:
Development Economics
The microeconomic problems and policy concerns of less developed countries. Topics include: health and education; risk and insurance; microfinance; agriculture; technology; governance. Emphasis is on economic models and empirical evidence. Prerequisites: 52, 102B.
Terms: Win
| Units: 5
| UG Reqs: GER:EC-GlobalCom, WAY-SI
ECON 121:
Social Science Field Research Methods and Applications (PUBLPOL 120, PUBLPOL 220)
This course teaches the basics of the design, implementation and interpretation of social science field research. Building on a basic knowledge of statistical methods and economics, the course first introduces observational field research and compares it with experimental field research. Significant attention will be devoted to explaining what can and cannot be learned each type of field research. The details of designing both types of field research projects will then be discussed. The basics theory of the design of statistical experiments will be introduced and applied. Topics covered include sample size selection, power and size of statistical hypothesis tests, sample selection bias and methods for accounting for it. Examples of best practice field research studies will be presented as well as examples of commonly committed errors. Practical aspects of field work will also be covered, including efficient and cost-effective data collection, data analysis, teamwork, and common ethical considerations. Students can apply to participate in a course project designing a field research project and implementing it in a developing country context during four weeks of the summer. Prerequisites: either ECON 1 or 1A or 1V and either STATS 60 or Econ 102A or equivalent.
Terms: Spr
| Units: 5
ECON 124:
Economic Growth, Development, and Challenges of East Asia
This course explores economic growth and development in East Asia and the region¿s current economic policy issues. For the purpose of this course, we will largely focus on China, Japan, and Korea. However, we will incorporate Southeast Asia when relevant. The first part of the course examines economic growth in East Asia and the development strategies pursued. Cross country comparisons will help draw similarities but also differences in the development processes. We will also discuss the validity of an East Asian model for economic growth. The second part of the course focuses on the specific factors relating to economic development, e.g., human capital, firms, infrastructure, institutions, democracy, political leaders, etc. We will also discuss the current challenges and policy issues. Readings will come from books, journal articles, reports, news articles, and case studies. Many of the readings will have an empirical component and students will be able to develop their understanding of how empirical evidence is presented in articles. Prerequisites: Econ 102B.
Terms: Spr
| Units: 5
ECON 125:
Economic Development, Microfinance, and Social Networks
An introduction to the study of the financial lives of households in less developed countries, focusing on savings, credit, informal insurance, the expansion of microfinance, and social networks. Prerequisites- Econ 52 and 102B
Terms: Spr
| Units: 5
| UG Reqs: GER:EC-GlobalCom, WAY-AQR, WAY-SI
ECON 126:
Economics of Health and Medical Care (BIOMEDIN 156, BIOMEDIN 256, HRP 256)
Institutional, theoretical, and empirical analysis of the problems of health and medical care. Topics: demand for medical care and medical insurance; institutions in the health sector; economics of information applied to the market for health insurance and for health care; measurement and valuation of health; competition in health care delivery. Graduate students with research interests should take ECON 249. Prerequisites: ECON 50 and either ECON 102A or STATS 116 or the equivalent. Recommended: ECON 51.
Terms: Aut, Win
| Units: 5
| UG Reqs: WAY-SI
ECON 127:
Economics of Health Improvement in Developing Countries (MED 262)
Application of economic paradigms and empirical methods to health improvement in developing countries. Emphasis is on unifying analytic frameworks and evaluation of empirical evidence. How economic views differ from public health, medicine, and epidemiology; analytic paradigms for health and population change; the demand for health; the role of health in international development. Prerequisites: ECON 50 and ECON 102B.
Terms: Spr
| Units: 5
| UG Reqs: WAY-SI
ECON 128:
Economic Development: A Historical Perspective
The course explores the process of economic development from a historical perspective. It draws on contemporary theories of economic development and the historical experience of various regions over the last millennium. The substantives focus is on the cultural and institutional and social foundations for economic growth. The stalker focus is particularly on the Middle East, Europe and China. The course is conducted as a seminar based on in class discussion, readings, and students presentations. Limited Enrollment. Prerequisites: ECON 50, ECON 52, ECON 102B. Recommended: ECON 118.
Terms: Aut
| Units: 5
| UG Reqs: WAY-SI
ECON 132:
Economics and Sports
This course applies microeconomic analysis to professional and amateur sports. Appropriate examination of sports economics requires coverage of advanced fields of specialization within economics. These include industrial organization, labor economics, and public finance. Ultimately, the principal objective of the course is for students to have a more complete understanding of the economic issues affecting the world of sports. You will be able to comment intelligently on economic issues of sports that appear in the news media, such as the impact of the draft system, as well as assess and critique the opinions offered by journalists on, for example, the pay and performance of professional sportsmen and women. This is a unique opportunity to understand why there has been a recent explosion in economists looking both at the market of sports and using sports data to explain or test theories about the wider business world. Prerequisite: Econ 1
Terms: Sum
| Units: 5
ECON 135:
Finance for Non-MBAs (MS&E 245G)
For graduate students and advanced undergraduates. The foundations of finance; applications in corporate finance and investment management. Financial decisions made by corporate managers and investors with focus on process valuation. Topics include criteria for investment decisions, valuation of financial assets and liabilities, relationships between risk and return, market efficiency, and the valuation of derivative securities. Corporate financial instruments including debt, equity, and convertible securities. Equivalent to core MBA finance course, FINANCE 220. Prerequisites: ECON 51, or ENGR 60, or equivalent; ability to use spreadsheets, and basic probability and statistics concepts including random variables, expected value, variance, covariance, and simple estimation and regression.
Terms: Win
| Units: 3
ECON 137:
Decision Modeling and Information
Effective decision models consider a decision maker's alternatives, information and preferences. The construction of such models in single-party situations with emphasis on the role of information. The course then evolves to two-party decision situations where one party has more information than the other. Models examined include: bidding exercises and the winner's curse, the Akerlof Model and adverse selection, the Principal-Agent model and risk sharing, moral hazard and contract design. Prerequisite: ECON 102A or equivalent. Recommended: Econ 50, Optimization and simulation in Excel.
Terms: Aut
| Units: 5
| UG Reqs: WAY-AQR, WAY-FR
ECON 139D:
Directed Reading
May be repeated for credit.
Terms: Aut, Win, Spr, Sum
| Units: 1-10
| Repeatable
for credit
Instructors: ;
Abramitzky, R. (PI);
Admati, A. (PI);
Amador, M. (PI);
Amemiya, T. (PI);
Aoki, M. (PI);
Arora, A. (PI);
Arrow, K. (PI);
Athey, S. (PI);
Attanasio, O. (PI);
Bagwell, K. (PI);
Baron, D. (PI);
Bekaert, G. (PI);
Bernheim, B. (PI);
Bettinger, E. (PI);
Bhattacharya, J. (PI);
Bloom, N. (PI);
Boskin, M. (PI);
Brady, D. (PI);
Bresnahan, T. (PI);
Bulow, J. (PI);
Canellos, C. (PI);
Carroll, G. (PI);
Chandrasekhar, A. (PI);
Chaudhary, L. (PI);
Chen, L. (PI);
Clerici-Arias, M. (PI);
Cogan, J. (PI);
Cojoc, D. (PI);
David, P. (PI);
DeGiorgi, G. (PI);
Dickstein, M. (PI);
Duffie, D. (PI);
Duggan, M. (PI);
Dupas, P. (PI);
Einav, L. (PI);
Fafchamps, M. (PI);
Falcon, W. (PI);
Fitzgerald, D. (PI);
Fitzpatrick, M. (PI);
Fong, K. (PI);
Foster, G. (PI);
Fuchs, V. (PI);
Garber, A. (PI);
Gentzkow, M. (PI);
Gould, A. (PI);
Goulder, L. (PI);
Greif, A. (PI);
Haak, D. (PI);
Haber, S. (PI);
Hall, R. (PI);
Hammond, P. (PI);
Hansen, P. (PI);
Hanson, W. (PI);
Hanushek, E. (PI);
Harding, M. (PI);
Harris, D. (PI);
Hartmann, W. (PI);
Henry, P. (PI);
Hickman, B. (PI);
Hong, H. (PI);
Hope, N. (PI);
Horvath, M. (PI);
Hoxby, C. (PI);
Jackson, M. (PI);
Jagolinzer, A. (PI);
Jaimovich, N. (PI);
Jayachandran, S. (PI);
Jones, C. (PI);
Jost, J. (PI);
Judd, K. (PI);
Kastl, J. (PI);
Kessler, D. (PI);
Klausner, M. (PI);
Klenow, P. (PI);
Kochar, A. (PI);
Kojima, F. (PI);
Kolstad, C. (PI);
Koudijs, P. (PI);
Krueger, A. (PI);
Kuran, T. (PI);
Kurlat, P. (PI);
Kurz, M. (PI);
Lambert, N. (PI);
Lau, L. (PI);
Lazear, E. (PI);
Levin, J. (PI);
Lynham, J. (PI);
MaCurdy, T. (PI);
Mahajan, A. (PI);
Malmendier, U. (PI);
Manova, K. (PI);
McClellan, M. (PI);
McKinnon, R. (PI);
Meier, G. (PI);
Milgrom, P. (PI);
Miller, G. (PI);
Moser, P. (PI);
Naylor, R. (PI);
Nechyba, T. (PI);
Niederle, M. (PI);
Noll, R. (PI);
Owen, B. (PI);
Oyer, P. (PI);
Pencavel, J. (PI);
Piazzesi, M. (PI);
Pistaferri, L. (PI);
Polinsky, A. (PI);
Qian, Y. (PI);
Rangel, A. (PI);
Reiss, P. (PI);
Richards, J. (PI);
Roberts, J. (PI);
Romano, J. (PI);
Romer, P. (PI);
Rosenberg, N. (PI);
Rossi-Hansberg, E. (PI);
Rosston, G. (PI);
Roth, A. (PI);
Rothwell, G. (PI);
Royalty, A. (PI);
Rozelle, S. (PI);
Sargent, T. (PI);
Schaffner, J. (PI);
Scheuer, F. (PI);
Schneider, M. (PI);
Segal, I. (PI);
Sharpe, W. (PI);
Shotts, K. (PI);
Shoven, J. (PI);
Singleton, K. (PI);
Skrzypacz, A. (PI);
Sprenger, C. (PI);
Staiger, R. (PI);
Stanton, F. (PI);
Sweeney, J. (PI);
Taylor, J. (PI);
Tendall, M. (PI);
Tertilt, M. (PI);
Topper, M. (PI);
Vytlacil, E. (PI);
Wacziarg, R. (PI);
Weingast, B. (PI);
Wilson, R. (PI);
Wolak, F. (PI);
Wolitzky, A. (PI);
Wright, G. (PI);
Wright, M. (PI);
Yotopoulos, P. (PI);
Bagalso, R. (GP);
Cachia, K. (GP);
DeMarchena, J. (GP);
Ferrero, M. (GP);
Gilbert, S. (GP);
Li, S. (GP);
Lion-Transler, C. (GP);
Longinidis, K. (GP);
Rojas, D. (GP);
Sheeler, P. (GP);
Smeton, K. (GP)
ECON 140:
Introduction to Financial Economics
Modern portfolio theory and corporate finance. Topics: present value and discounting, interest rates and yield to maturity, various financial instruments including financial futures, mutual funds, the efficient market theory, basic asset pricing theory, the capital asset pricing model, and models for pricing options and other contingent claims. Use of derivatives for hedging. Prerequisites: ECON 51, ECON 102A.
Terms: Spr, Sum
| Units: 5
| UG Reqs: WAY-SI
ECON 141:
Public Finance and Fiscal Policy (PUBLPOL 107)
What role should and does government play in the economy? What are the effects of government spending, borrowing, and taxation on efficiency, equity and economic stability and growth? The course covers economic analysis, statistical evidence and historical and current fiscal policy debates in the U.S. and around the world. Policy topics: Fiscal crises, budget surpluses/deficits; tax reform; social security, public goods, and externalities; fiscal federalism; public investment; and cost-benefit analysis. Prerequisites: ECON 51, ECON 52 (can be taken concurrently).
Terms: Spr
| Units: 5
| UG Reqs: WAY-SI
ECON 143:
Finance and Society for non-MBAs (PUBLPOL 143)
This interdisciplinary course will discuss the role of the financial system in the economy and its interactions with different parts of society. The course will introduce basic finance concepts, cover the basic economic principles essential for understanding the role of finance in the economy, provide an overview of the different institutions in the system, and discuss of policy issues around financial regulation. Topics to be discussed include: the basics of financial decisions and markets; from micro finance to global mega-banks: how and why finance can benefit society as well as endanger and harm; financial regulation: why and how; other people¿s money: the challenge of effective control, governance, and trust; the politics of banking and finance. Prerequisite: Econ 1
Terms: Win
| Units: 4
ECON 145:
Labor Economics
Analysis and description of labor markets. Determination of employment, unemployment, hours of work, wages. Welfare programs and work effort. Wage differentials by schooling, experience, gender, and race. Income inequality, changes in inequality, and differences in inequality. Employment contracts, labor unions, and bargaining. International comparisons. Prerequisites: ECON 51, ECON 102B.
Terms: Aut
| Units: 5
| UG Reqs: GER:EC-Gender, WAY-AQR, WAY-SI
| Repeatable
1 times
(up to 5 units total)
ECON 146:
Economics of Education
How a decision to invest in education is affected by factors including ability and family background. Markets for elementary and secondary schooling; topics such as vouchers and charter schools, accountability, expenditure equalization among schools, and the teacher labor market.The market for college education emphasizing how college tuition is determined, and whether students are matched efficiently with colleges. How education affects economic growth, focusing on developing countries. Theory and empirical results. Application of economics from fields such as public economics, labor economics, macroeconomics, and industrial organization. Prerequisites: ECON 50, ECON 102B.
Terms: Aut
| Units: 5
| UG Reqs: WAY-SI
ECON 149:
The Modern Firm in Theory and Practice
Combines the latest theory and empirics on the modern firm. Theoretical topics will include transactions cost theory, contract theory and incentives. Applied topics include the organization of firms in US and internationally. Management practices around information systems, target setting and human resources. Focus on management practices in manufacturing, but also analyze retail, hospitals and schools, plus some recent field-experiments in developing countries. Prerequisites: Econ 51, ECON 102B
Terms: Win
| Units: 5
| UG Reqs: WAY-SI
ECON 150:
Economic Policy Analysis (PUBLPOL 104, PUBLPOL 204)
The relationship between microeconomic analysis and public policy making. How economic policy analysis is done and why political leaders regard it as useful but not definitive in making policy decisions. Economic rationales for policy interventions, methods of policy evaluation and the role of benefit-cost analysis, economic models of politics and their application to policy making, and the relationship of income distribution to policy choice. Theoretical foundations of policy making and analysis, and applications to program adoption and implementation. Prerequisites: ECON 50 and ECON 102B.
Terms: Win, Spr
| Units: 4-5
| UG Reqs: WAY-AQR
ECON 152:
The Future of Finance (ECON 252, PUBLPOL 364, STATS 238)
If you are interested in a career in finance or that touches finance (legal, regulatory, corporate, public policy), this course will give you a useful perspective. We will survey the players and current landscape of the global markets as the world continues to evolve from the financial crisis. We will discuss the sweeping change underway at the policy level by regulators and legislators around the world and this will include guest-lecturer perspectives on where the greatest opportunities exist for students entering or touching the world of finance today. The course will also review, in a non-technical way, the basics of the financial derivatives and other quantitative techniques that are a core part of the global capital markets. Elements used in grading: Class Participation, Attendance, Final Paper. Consent Application: To apply for this course, students must complete and e-mail the Consent Application found on the Public Policy website to the instructor at tbeder@stanford.edu. Please visit https://publicpolicy.stanford.edu/academics/undergraduate/forms to locate the Consent Application Form for this class. The form is located on the Public Policy website under "Academics" and "Forms." See Consent Application Form for submission deadline.
Terms: Win
| Units: 2
ECON 153:
Economics of the Internet
Economic models and tools used to understand online market phenomena, including standards, network and platform economics, online transactions, advertising, auctions, information, communications, and networking. The contemporary economics literature on internet markets and mobile communications markets. Public policy issues in competition policy, communication policy, and support for innovation. Prerequisites: ECON 51 and ECON 102B.
Last offered: Winter 2014
| Units: 5
| UG Reqs: WAY-SI
ECON 154:
Law and Economics (PUBLPOL 106, PUBLPOL 206)
This course explores the role of law in promoting economic welfare. Law has many meanings and many aspects, but some version of it is essential to cooperative human interaction and thus to civilization itself. Cooperation often is a positive-sum or welfare-enhancing activity, while competition among individuals, in contrast, is often zero- or negative-sum. Law, among its other functions, can serve as a mechanism to harmonize private incentives to achieve cooperative gains, to maintain an equitable division of those gains, and to deter "cheating." Economic analysis of law focuses on the welfare-enhancing incentive effects of law and law enforcement and on law's role in reducing the risks of cooperation by setting expectations of "what courts or the state will do" in various contingencies. Prerequisite: Econ 50.
Terms: Win
| Units: 4-5
| UG Reqs: WAY-SI
ECON 155:
Environmental Economics and Policy
Economic sources of environmental problems and alternative policies for dealing with them (technology standards, emissions taxes, and marketable pollution permits). Evaluation of policies addressing regional air pollution, global climate change, water allocation in the western U.S., and the use of renewable resources. Connections between population growth, economic output, environmental quality, and human welfare. Prerequisite: ECON 50.
Terms: Win
| Units: 5
| UG Reqs: GER: DB-NatSci, WAY-SI
ECON 156:
Marine Resource Economics and Conservation (EARTHSYS 156M, HUMBIO 111M)
Economic and ecological frameworks to understand the causes of and potential solutions to marine resource degradation. Focus on conservation of marine biodiversity and ecosystem-based management. Applications include: commercial and recreational fisheries, marine reserves, and offshore energy production.
Last offered: Spring 2013
| Units: 5
| UG Reqs: WAY-SI
ECON 157:
Imperfect Competition
The interaction between firms and consumers in markets that fall outside the benchmark competitive model. How firms acquire and exploit market power. Game theory and information economics to analyze how firms interact strategically. Topics include monopoly, price discrimination, oligopoly, collusion and cartel behavior, anti-competitive practices, the role of information in markets, anti-trust policy, and e-commerce. Sources include theoretical models, real-world examples, and empirical papers. Prerequisite: ECON 51.
Terms: Aut
| Units: 5
| UG Reqs: WAY-SI
ECON 158:
Regulatory Economics
Economics 158 examines public policies for dealing with problems arising in markets in which competitive forces are weak. The focus is on monopolies, oligopolies, cartels, and other environments where market mechanisms are unlikely to produce outcomes that benefit consumers more than the alternatives involving costly government intervention. The two main areas examined are competition policy and economic regulation. Competition policy refers to laws that define certain market behavior as illegal because it is harmful to competition or fails to provide consumer benefits that justify its costs to consumers. Economic regulation refers to policies in which government controls prices and/or decides the terms and conditions under which firms can participate in a market. A growing area of study and policy design is the introduction of market mechanisms into formerly regulated industries such as: telecommunications, electricity, airlines, railroads, postal delivery services and environmental regulation. Cross-listed with Law 220. Prerequisites: Econ 51 or equivalent.
Terms: Win
| Units: 5
| UG Reqs: WAY-SI
ECON 159:
Economic, Legal, and Political Analysis of Climate-Change Policy
This course will advance students understanding of economic, legal, and political approaches to avoiding or managing the problem of global climate change. Theoretical contributions as well as empirical analyses will be considered. In addition to examining economic issues and legal constraints, it will address the political economy of various emissions-reduction strategies. The course will consider policy efforts at the local, national, and international levels. Specific topics include: interactions among overlapping climate policies and between new policies and pre-existing legal or regulatory frameworks; the role that jurisdictional or geographic scale can play in influencing the performance of climate-policy approaches; and numerical modeling and statistical analyses of climate-change policies. Cross-listed with Law 746. Prerequisites: Econ 50 & 51
Terms: Spr
| Units: 5
ECON 160:
Game Theory and Economic Applications
Introduction to game theory and its applications to economics. Topics: strategic and extensive form games, dominant strategies, Nash equilibrium, subgame-perfect equilibrium, and Bayesian equilibrium. The theory is applied to repeated games, voting, auctions, and bargaining with examples from economics and political science. Prerequisites: Working knowledge of calculus and basic probability theory.
Terms: Win
| Units: 5
| UG Reqs: WAY-FR, WAY-SI
ECON 165:
International Finance
Introduction to international macroeconomics. Topics: intertemporal approach to the current account, real and nominal exchange rate determination, fiscal and monetary policy in open economies, sovereign debt, crises in international financial markets. Prerequisite: ECON 52.
Terms: Sum
| Units: 5
| UG Reqs: WAY-SI
ECON 166:
International Trade
Different sources of comparative advantage in production and trade among nations. Aggregate gains from trade, winners and losers from globalization. International migration, outsourcing and multinational companies. Trade policy and international trade agreements. Theory, empirical evidence, and real-life anecdotes.Lectures supplemented by in-class debates on current topics from the popular press. Prerequisite: ECON 51.
Terms: Spr
| Units: 5
| UG Reqs: WAY-SI
ECON 180:
Honors Game Theory
Rigorous introduction to game theory and applications. Topics include solution concepts for static and dynamic games of complete and incomplete information, signaling games, repeated games, bargaining, and elements of cooperative game theory. Applications mainly from economics, but also political science, biology, and computer science. Prerequisites: Experience with abstract mathematics and willingness to work hard. No background in economics required.
Terms: Aut
| Units: 5
| UG Reqs: GER:DB-SocSci, WAY-FR, WAY-SI
ECON 182:
Honors Market Design
Rigorous introduction to the theory of matching and resource allocation, and its application to practical market design. Theory covers two-sided matching, "house allocation" problems, random assignment, and their variants. Applied topics include school choice, labor market, house allocation, and organ allocation for transplantation. Final paper required.nnForms a sequence with ECON 180 and ECON 181, but can be taken independently.nnPrerequisites: Experience with abstract mathematics and willingness tonnwork hard. No prior knowledge of economics is required, although basic knowledge in game theory is useful.
Terms: Spr
| Units: 5
| UG Reqs: WAY-FR
ECON 183:
The Cardinal Fund
This is an experiential course that will cover the important concepts that underlying investment theory in Financial Economics. Students will manage an investment portfolio of at least $1 million dollars. In doing so they will learn how risk and return are related in public capital markets. Students are expected to spend a substantial amount of time outside the classroom applying the knowledge they learn in the class. Prerequisites: Econ 51 (or IPS 204A, PublPol 301A), Econ 102B (or Stats 141, Stats 110, CEE 203, Earthsys 160, Educ 200C, Linguist 277, Psych 252), Econ 140 (or Econ 135), Econ 190 (or MS&E 140)
Terms: Aut, Win, Spr
| Units: 1-3
| Repeatable
6 times
(up to 12 units total)
ECON 190:
Introduction to Financial Accounting
How to read, understand, and use corporate financial statements. Oriented towards the use of financial accounting information (rather than the preparer), and emphasizes the reconstruction of economic events from published accounting reports.
Terms: Aut, Win
| Units: 5
| UG Reqs: WAY-AQR
ECON 191:
Introduction to Cost Accounting
Focuses on how managers use accounting information for decision making. Students will study product and service costing, activity based costing, performance management and evaluation, CVP analysis, forecasting, factors to be considered in pricing decision, capital investment analysis, and quality management and measurement.
Terms: Spr
| Units: 5
| UG Reqs: WAY-AQR
ECON 198:
Junior Honors Seminar (PUBLPOL 197)
Primarily for students who expect to write an honors thesis. Weekly sessions discuss writing an honors thesis proposal (prospectus), submitting grant applications, and completing the honors thesis. Readings focus on writing skills and research design. Students select an adviser, outline a program of study for their senior year, and complete a prospectus by the end of the quarter. Enrollment limited to 12.
Terms: Spr
| Units: 5
ECON 199D:
Honors Thesis Research
In-depth study of an appropriate question and completion of a thesis of very high quality. Normally written under the direction of a member of the Department of Economics (or some closely related department). See description of honors program. Register for at least 1 unit for at least one quarter after your honors application is approved.
Terms: Aut, Win, Spr, Sum
| Units: 1-10
| Repeatable
for credit
Instructors: ;
Abramitzky, R. (PI);
Admati, A. (PI);
Amador, M. (PI);
Amemiya, T. (PI);
Aoki, M. (PI);
Arora, A. (PI);
Arrow, K. (PI);
Athey, S. (PI);
Attanasio, O. (PI);
Bagwell, K. (PI);
Bekaert, G. (PI);
Bernheim, B. (PI);
Bettinger, E. (PI);
Bhattacharya, J. (PI);
Bloom, N. (PI);
Boskin, M. (PI);
Brady, D. (PI);
Bresnahan, T. (PI);
Bulow, J. (PI);
Canellos, C. (PI);
Carroll, G. (PI);
Chandrasekhar, A. (PI);
Chaudhary, L. (PI);
Clerici-Arias, M. (PI);
Cogan, J. (PI);
David, P. (PI);
DeGiorgi, G. (PI);
Dickstein, M. (PI);
Duffie, D. (PI);
Duggan, M. (PI);
Dupas, P. (PI);
Einav, L. (PI);
Fafchamps, M. (PI);
Falcon, W. (PI);
Fitzgerald, D. (PI);
Fitzpatrick, M. (PI);
Fong, K. (PI);
Fuchs, V. (PI);
Garber, A. (PI);
Gentzkow, M. (PI);
Goda, G. (PI);
Gould, A. (PI);
Goulder, L. (PI);
Greif, A. (PI);
Haber, S. (PI);
Hall, R. (PI);
Hammond, P. (PI);
Hansen, P. (PI);
Hanson, W. (PI);
Hanushek, E. (PI);
Harding, M. (PI);
Harris, D. (PI);
Hartmann, W. (PI);
Henry, P. (PI);
Hong, H. (PI);
Hope, N. (PI);
Hoxby, C. (PI);
Jackson, M. (PI);
Jagolinzer, A. (PI);
Jaimovich, N. (PI);
Jayachandran, S. (PI);
Jones, C. (PI);
Judd, K. (PI);
Kastl, J. (PI);
Kessler, D. (PI);
Klenow, P. (PI);
Kochar, A. (PI);
Kojima, F. (PI);
Kolstad, C. (PI);
Koudijs, P. (PI);
Kuran, T. (PI);
Kurlat, P. (PI);
Kurz, M. (PI);
Lambert, N. (PI);
Lau, L. (PI);
Lazear, E. (PI);
Levin, J. (PI);
Loeb, S. (PI);
MaCurdy, T. (PI);
Mahajan, A. (PI);
Manova, K. (PI);
McClellan, M. (PI);
McKinnon, R. (PI);
Meier, G. (PI);
Milgrom, P. (PI);
Miller, G. (PI);
Moser, P. (PI);
Naylor, R. (PI);
Niederle, M. (PI);
Noll, R. (PI);
Owen, B. (PI);
Oyer, P. (PI);
Pencavel, J. (PI);
Piazzesi, M. (PI);
Pistaferri, L. (PI);
Polinsky, A. (PI);
Qian, Y. (PI);
Rangel, A. (PI);
Reiss, P. (PI);
Richards, J. (PI);
Roberts, J. (PI);
Romano, J. (PI);
Romer, P. (PI);
Rosenberg, N. (PI);
Rosston, G. (PI);
Roth, A. (PI);
Rothwell, G. (PI);
Rozelle, S. (PI);
Scheuer, F. (PI);
Schneider, M. (PI);
Segal, I. (PI);
Shotts, K. (PI);
Shoven, J. (PI);
Singleton, K. (PI);
Skrzypacz, A. (PI);
Sprenger, C. (PI);
Staiger, R. (PI);
Stanton, F. (PI);
Sweeney, J. (PI);
Taylor, J. (PI);
Tendall, M. (PI);
Tertilt, M. (PI);
Wacziarg, R. (PI);
Weingast, B. (PI);
Wilson, R. (PI);
Wolak, F. (PI);
Wolitzky, A. (PI);
Wright, G. (PI);
Wright, M. (PI);
Yotopoulos, P. (PI);
Ferrero, M. (GP);
Gilbert, S. (GP);
Li, S. (GP);
Lion-Transler, C. (GP);
Longinidis, K. (GP);
Sheeler, P. (GP);
Smeton, K. (GP)
ECON 202:
Microeconomics I
(Non-Economics graduate students register for 202N.) Open to advanced undergraduates with consent of instructors. Theory of the consumer and the implications of constrained maximization; uses of indirect utility and expenditure functions; theory of the producer, profit maximization, and cost minimization; behavior under uncertainty; partial equilibrium analysis and introduction to models of general equilibrium. Limited enrollment. Prerequisite: thorough understanding of the elements of multivariate calculus and linear algebra.
Terms: Aut
| Units: 2-5
ECON 202N:
Microeconomics I For Non-Economics PhDs
Microeconomics I for non-Economics PhD students. Theory of the consumer and the implications of constrained maximization; uses of indirect utility and expenditure functions; theory of the producer, profit maximization, and cost minimization; behavior under uncertainty; partial equilibrium analysis and introduction to models of general equilibrium. Limited enrollment. Prerequisite: thorough understanding of the elements of multivariate calculus and linear algebra.
Terms: Aut
| Units: 2-5
ECON 203:
Core Economics: Modules 5 and 6
(Non-Economics graduate students register for 203N.) Non-cooperative game theory including normal and extensive forms, solution concepts, games with incomplete information, and repeated games. Externalities and public goods. The theory of imperfect competition: static Bertrand and Cournot competition, dynamic oligopoly, entry decisions, entry deterrence, strategic behavior to alter market conditions. Limited enrollment. Prerequisite: ECON 202.
Terms: Win
| Units: 2-5
ECON 203N:
203 For Non-Economics Ph.D. Students
Non-cooperative game theory including normal and extensive forms, solution concepts, games with incomplete information, and repeated games. Externalities, public goods, and asymmetric information. The theory of imperfect competition and other applications. Limited enrollment. Prerequisite: ECON 202N or consent of instructor.
Terms: Win
| Units: 2-5
ECON 204:
Microeconomics III
Social Choice, including Arrow's theorem, the Gibbard-Satterthwaite theorem, and the Vickrey-Clarke-Groves mechanism. The theory of contracts, emphasizing contractual incompleteness and the problem of moral hazard. Incentive regulation. Competition with imperfect information, including signaling and adverse selection. Competitive equilibrium and the core. Limited enrollment. Non-Econ students need permission of instructor to enroll. Prerequisite: ECON 203.
Terms: Spr
| Units: 2-5
ECON 206:
World Food Economy (EARTHSYS 106, EARTHSYS 206, ECON 106, EESS 106, EESS 206)
The economics of food production, consumption, and trade. The micro- and macro- determinants of food supply and demand, including the interrelationship among food, income, population, and public-sector decision making. Emphasis on the role of agriculture in poverty alleviation, economic development, and environmental outcomes. (graduate students enroll in 206)
| Units: 5
ECON 210:
Macroeconomics I
Dynamic economics applied to aggregate economic fluctuations and economic growth. Solving dynamic, stochastic rational expectation models using discrete time dynamic programming. Growth theory (neoclassical models, growth accounting, technical change, endogenous growth) using optimal control theory. Limited enrollment.
Terms: Aut
| Units: 2-5
ECON 211:
Core Economics: Modules 11 and 12
Growth theory (neoclassical models, growth accounting, technical change, endogenous growth) using optimal control theory. Introduction to financial markets and uncertainty. Limited enrollment. Prerequisite: ECON 210.
Terms: Win
| Units: 2-5
ECON 212:
Macroeconomics III
General equilibrium with incomplete markets: precautionary savings; income, wealth, and consumption distribution; constrained efficiency. Endogenous market incompleteness: limited commitment, moral hazard, hidden income and hidden savings; recursive contracts. Optimal income taxation: the primal approach; taxation of capital income; optional taxation with heterogeneity; commitment and time inconsistency. Monetary theory and policy: time series techniques to characterize and evaluate policy; models with rational expectations and rigidities; the Lucas critique; time inconsistency; staggered price and wage setting; optimal policy rules; the term structure of interest rates. Limited enrollment. Prerequisites: ECON 203, ECON 211.
Terms: Spr
| Units: 2-5
ECON 214:
Development Economics I
This is a two-part course bridging macro and micro development research. The first part covers the roles of institutions, ethnic conflict, and governance in economic development; and barriers to agricultural productivity in less developed countries. The second part focuses on dynamic models of growth and development, with a focus on migration; technological change; and the functioning of financial markets. Prerequisites: 202 or 202N, 270.
Terms: Aut
| Units: 2-5
ECON 215:
Economic Development II
Microeconomic issues in less developed countries. Topics: health; education; gender; intra-household models; entrepreneurship; market institutions; non-market institutions; political economy. Prerequisites: 202 or 202N, 270.
Terms: Win
| Units: 2-5
ECON 216:
Development Economics III
Use of quantitative theory to understand various aspects of the growth and development process. Emphasis on family and demographic issues and their importance for development. Theoretical models of fertility and marriage decisions, and their empirical relevance. Unified growth theories: demographic transition and industrial revolution. Family institutions such as marriage payments and polygamy. The political economy of family-related institutions, e.g. the evolution of women's and children's rights. Female labor supply and development. Theories of disease and development. Prerequisite: 202, 203, 204, 210, 211, 212, 270, 271, 272.
Terms: Spr
| Units: 2-5
ECON 220:
Political Economy I
Theoretical models of political economy. Potential topics include: basic social choice theory, direct democracy, electoral competition, political accountability, legislative bargaining, lobbying, corruption, nondemocratic succession, conflict and arms races, and institutional change. Attention to economics implications, including taxation, redistribution, and public goods. Prerequisite: 203 recommended.
Terms: Win
| Units: 2-5
ECON 225:
Economics of Technology and Innovation
Graduate seminar on current research on the economics of innovation. Topics include the design of optimal patent policies, copyright polices, and the role of human capital (science, immigration, skill-biased technical change). Emphasis on empirical analyses of historical and contemporary data.
Terms: Win
| Units: 2-5
ECON 227:
European Economic History
European economic history from middle ages to the twentieth century. Topics: competing hypotheses in explaining long term trends in economic growth and cross-country differences in long-term economic growth; formation, function, and persistence of institutions and organizations; the role of institutions and organizations (e.g. apprenticeship, servitude, partnerships, cooperatives, social networks, share cropping, and communes) as solutions to contractual problems; the economics of migration; the changing economic role of the family. Use of economic theory in guiding hypothesis testing, as well as construction of new datasets and the execution of empirical analysis.
Terms: Aut
| Units: 2-5
ECON 228:
Institutions and Organizations in Historical Perspective
The course integrates historical analysis and economic theory in evaluating the nature and role of institutions in economic and political outcomes. The motivating question is the factors determining economic and political developments in the long run and the historical focus is on the Middle East, Europe, and China over the last millennium. The course first examines various approaches for the study of institutions, their nature and dynamics and then focuses on detailed discussions of frontier research papers.
Terms: Win
| Units: 2-5
ECON 233:
Advanced Macroeconomics I
Topics in the theory and empirics of economic growth. For PhD-level students.
Terms: Aut
| Units: 2-5
ECON 234:
Advanced Macroeconomics II
Modern macroeconomics of aggregate fluctuations in advanced economies, concentrating mainly on the U.S. Current research on sovereign debt, fiscal policy and financial flows, with emphasis on current events. Current research on persistent substandard performance, financial crises, excess unemployment, and other timely topics. The course will be organized around the detailed study of recent research papers. Half of the lectures will be given by guests specializing in macro fluctuations research.
Terms: Win
| Units: 2-5
ECON 239D:
Directed Reading
May be repeated for credit.
Terms: Aut, Win, Spr, Sum
| Units: 1-10
| Repeatable
for credit
Instructors: ;
Abramitzky, R. (PI);
Admati, A. (PI);
Amador, M. (PI);
Amemiya, T. (PI);
Aoki, M. (PI);
Arora, A. (PI);
Arrow, K. (PI);
Athey, S. (PI);
Attanasio, O. (PI);
Bagwell, K. (PI);
Baron, D. (PI);
Bekaert, G. (PI);
Bernheim, B. (PI);
Bernstein, S. (PI);
Bhattacharya, J. (PI);
Bloom, N. (PI);
Boskin, M. (PI);
Brady, D. (PI);
Bresnahan, T. (PI);
Bulow, J. (PI);
Canellos, C. (PI);
Carroll, G. (PI);
Chandrasekhar, A. (PI);
Chaudhary, L. (PI);
Clerici-Arias, M. (PI);
Cogan, J. (PI);
David, P. (PI);
DeGiorgi, G. (PI);
Dickstein, M. (PI);
Donaldson, D. (PI);
Duffie, D. (PI);
Duggan, M. (PI);
Dupas, P. (PI);
Einav, L. (PI);
Fafchamps, M. (PI);
Falcon, W. (PI);
Fitzgerald, D. (PI);
Fitzpatrick, M. (PI);
Fong, K. (PI);
Fuchs, V. (PI);
Garber, A. (PI);
Gentzkow, M. (PI);
Gould, A. (PI);
Goulder, L. (PI);
Greif, A. (PI);
Haak, D. (PI);
Haber, S. (PI);
Hall, R. (PI);
Hammond, P. (PI);
Hansen, P. (PI);
Hanson, W. (PI);
Hanushek, E. (PI);
Harding, M. (PI);
Harris, D. (PI);
Hartmann, W. (PI);
Henry, P. (PI);
Hickman, B. (PI);
Hong, H. (PI);
Hope, N. (PI);
Horvath, M. (PI);
Hoxby, C. (PI);
Imbens, G. (PI);
Jackson, M. (PI);
Jagolinzer, A. (PI);
Jaimovich, N. (PI);
Jayachandran, S. (PI);
Jones, C. (PI);
Jost, J. (PI);
Judd, K. (PI);
Kastl, J. (PI);
Kessler, D. (PI);
Klenow, P. (PI);
Kochar, A. (PI);
Kojima, F. (PI);
Kolstad, C. (PI);
Koudijs, P. (PI);
Kuran, T. (PI);
Kurlat, P. (PI);
Kurz, M. (PI);
Lambert, N. (PI);
Larsen, B. (PI);
Lau, L. (PI);
Lazear, E. (PI);
Levin, J. (PI);
MaCurdy, T. (PI);
Mahajan, A. (PI);
Malmendier, U. (PI);
Manova, K. (PI);
McClellan, M. (PI);
McKinnon, R. (PI);
Meier, G. (PI);
Milgrom, P. (PI);
Miller, G. (PI);
Morten, M. (PI);
Moser, P. (PI);
Naylor, R. (PI);
Nechyba, T. (PI);
Niederle, M. (PI);
Noll, R. (PI);
Owen, B. (PI);
Oyer, P. (PI);
Pencavel, J. (PI);
Perez-Gonzalez, F. (PI);
Persson, P. (PI);
Pfleiderer, P. (PI);
Piazzesi, M. (PI);
Pistaferri, L. (PI);
Polinsky, A. (PI);
Qian, Y. (PI);
Rangel, A. (PI);
Reiss, P. (PI);
Richards, J. (PI);
Roberts, J. (PI);
Romano, J. (PI);
Romer, P. (PI);
Rosenberg, N. (PI);
Rossi-Hansberg, E. (PI);
Rosston, G. (PI);
Roth, A. (PI);
Rothwell, G. (PI);
Royalty, A. (PI);
Rozelle, S. (PI);
Sargent, T. (PI);
Schaffner, J. (PI);
Scheuer, F. (PI);
Schneider, M. (PI);
Segal, I. (PI);
Sharpe, W. (PI);
Shotts, K. (PI);
Shoven, J. (PI);
Singleton, K. (PI);
Skrzypacz, A. (PI);
Sprenger, C. (PI);
Staiger, R. (PI);
Stanton, F. (PI);
Sweeney, J. (PI);
Taylor, J. (PI);
Tendall, M. (PI);
Tertilt, M. (PI);
Topper, M. (PI);
Vytlacil, E. (PI);
Wacziarg, R. (PI);
Weingast, B. (PI);
Wilson, R. (PI);
Wolak, F. (PI);
Wolitzky, A. (PI);
Wright, G. (PI);
Wright, M. (PI);
Yotopoulos, P. (PI);
Ferrero, M. (GP);
Gilbert, S. (GP);
Li, S. (GP);
Lion-Transler, C. (GP);
Longinidis, K. (GP);
Sheeler, P. (GP);
Smeton, K. (GP)
ECON 241:
Public Finance and Taxation I
Design of tax systems, transfers intended to alleviate poverty, the effect of taxes on earnings, fees intended to internalize externalities like pollution, school finance and other forms of fiscal federalism, local public goods such as schools. Students will learn to apply sophisticated applications of frontier applied econometric techniques including synthetic controls, regression discontinuity, advanced instrumental variables methods. Prerequisites: ECON 202-204, ECON 210, ECON 270, ECON 271, or equivalent with consent of instructor.
Terms: Win
| Units: 2-5
ECON 242:
Public Finance and Taxation II
Topics concerning public goods provision, government interventions into private insurance markets, adverse selection, and social insurance design. We also explore questions in the intersection of public and family economics such as the unit of taxation, and the interaction between social insurance and intra-family insurance. Prerequisites: 202, 203, 204, 210, 270, 271, or equivalent with consent of instructor. Recommended: 241.
Terms: Spr
| Units: 2-5
ECON 246:
Labor Economics I
Topics in current applied microeconomic research including intertemporal labor supply models, public policy, program evaluation, job search, migration, consumption behavior. Student and faculty presentations.
Terms: Aut
| Units: 2-5
ECON 247:
Labor Economics II
Recent topics in applied micro, focusing on papers from top journals (QJE, AER, JPE, Econometrica and REStud) over the last ten years. Broad overview of current topic and techniques in applied-micro research. Topics include inequality, polarization and skill-biased technical change, discrimination, technology adoption and the spread of information, management practices, filed experiments, peer effects and academic spillovers. Combination of student and faculty presentations. Additional sessions on general presentations, paper writing and research skills to prepare for job market. Class trip to the NBER West-Coast labor meetings at the San Francisco Fed.
Terms: Win
| Units: 2-5
ECON 248:
Labor Economics III
Topics in current applied microeconomic research including skill-biased technical change, income distribution, program evaluation, job search, migration, consumption behavior. Student and faculty presentations
| Units: 2-5
ECON 249:
Topics in Health Economics
Course will cover various topics in health economics, from theoretical and empirical perspectives. Topics will include demand and supply in health insurance, healthcare provision, physicians' incentives, competition policy in healthcare markets, intellectual property in the context of pharmaceutical drugs, and the interaction between public and private sectors in healthcare markets. Key emphasis on recent work and empirical modelling. Prerequisites: Micro and Econometrics first year sequences (or equivalent).
Terms: Spr
| Units: 2-5
ECON 250:
Environmental Economics
Theoretical and empirical analysis of sources of and solutions to environmental problems, with application to local pollution challenges and global environmental issues such as climate change. Topics include: analysis of market failure, choice of environmental policy instruments, integrating environmental and distortionary taxes, environmental policy making under uncertainty, valuing environmental amenities, and measuring /promoting sustainable development.
Terms: Spr
| Units: 2-5
ECON 251:
Natural Resource and Energy Economics
Management and provision non-renewable and renewable natural resources, with considerable attention to energy provision and use. Topics include: fisheries problems and policy; energy industry market structure, pricing, and performance; and policies to facilitate transitions from non-renewable to renewable energy. Prerequisites: 202, 203, 204, 271, and 272, or equivalents with consent of instructor.
Terms: Win
| Units: 2-5
ECON 252:
The Future of Finance (ECON 152, PUBLPOL 364, STATS 238)
If you are interested in a career in finance or that touches finance (legal, regulatory, corporate, public policy), this course will give you a useful perspective. We will survey the players and current landscape of the global markets as the world continues to evolve from the financial crisis. We will discuss the sweeping change underway at the policy level by regulators and legislators around the world and this will include guest-lecturer perspectives on where the greatest opportunities exist for students entering or touching the world of finance today. The course will also review, in a non-technical way, the basics of the financial derivatives and other quantitative techniques that are a core part of the global capital markets. Elements used in grading: Class Participation, Attendance, Final Paper. Consent Application: To apply for this course, students must complete and e-mail the Consent Application found on the Public Policy website to the instructor at tbeder@stanford.edu. Please visit https://publicpolicy.stanford.edu/academics/undergraduate/forms to locate the Consent Application Form for this class. The form is located on the Public Policy website under "Academics" and "Forms." See Consent Application Form for submission deadline.
Terms: Win
| Units: 2
ECON 257:
Industrial Organization 1
Theoretical and empirical analyses of the determinants of market structure; firm behavior and market efficiency in oligopolies; price discrimination; price dispersion and consumer search; differentiated products; the role of information in markets, including insurance and adverse selection; auctions; collusion and cartel behavior; advertising; entry and market structure; market dynamics; strategic behavior.
Terms: Aut
| Units: 2-5
ECON 258:
Industrial Organization IIA
Topics include theoretical and empirical analyses of adverse selection and insurance markets; empirical models of learning; vertical restraints and bundling; auctions.
Terms: Win
| Units: 2-5
ECON 260:
Industrial Organization III
Current research and policy questions in industrial organization. Course combines lectures by the instructors with student presentations, with an emphasis on initiating dissertation research in industrial organization. Prerequisites: ECON 257, ECON 258.
Terms: Spr
| Units: 2-5
ECON 266:
International Economics II
This course covers an introduction to models of international trade and economic geography from both a theoretical and an empirical perspective.
Terms: Win
| Units: 2-5
ECON 267:
Topics in International Trade
Topics from the frontier of current international trade research, presented through recent theoretical and empirical papers. Firm heterogeneity in trade and firms' export decisions. Different types of foreign direct investment. Multinational firms and the interaction between international trade and the theory of the firm. Institutional frictions and their effects on trade and FDI activity. Course goal is to prepare students for doing research in international trade and related fields.
| Units: 2-5
ECON 270:
Intermediate Econometrics I
Probability, random variables, and distributions; large sample theory; theory of estimation and hypothesis testing. Limited enrollment. Prerequisites: math and probability at the level of Chapter 2, Paul G. Hoel, Introduction to Mathematical Statistics, 5th ed.
Terms: Aut
| Units: 2-5
ECON 271:
Intermediate Econometrics II
Linear regression model, relaxation of classical-regression assumptions, simultaneous equation models, linear time series analysis. Limited enrollment. Prerequisite: 270.
Terms: Win
| Units: 2-5
ECON 272:
Intermediate Econometrics III
Continuation of 271. Nonlinear estimation, qualitative response models, limited dependent variable (Tobit) models. Limited enrollment. Prerequisite: 271.
Terms: Spr
| Units: 2-5
ECON 273:
Advanced Econometrics I
Possible topics: parametric asymptotic theory. M and Z estimators. General large sample results for maximum likelihood; nonlinear least squares; and nonlinear instrumental variables estimators including the generalized method of moments estimator under general conditions. Model selection test. Consistent model selection criteria. Nonnested hypothesis testing. Markov chain Monte Carlo methods. Nonparametric and semiparametric methods. Quantile Regression methods.
Terms: Aut
| Units: 2-5
ECON 274:
Advanced Econometrics II
(Formerly 273B); Possible topics: nonparametric density estimation and regression analysis; sieve approximation; contiguity; convergence of experiments; cross validation; indirect inference; resampling methods: bootstrap and subsampling; quantile regression; nonstandard asymptotic distribution theory; empirical processes; set identification and inference, large sample efficiency and optimality; multiple hypothesis testing.
Terms: Win
| Units: 2-5
ECON 277:
Behavioral and Experimental Economics III
Economics 277 is a course for graduate students in the Economics department writing dissertations with behavioral or experimental components. Economics 277 is part of a three course sequence (along with Econ 278 & 279), which has two main objectives: 1) examining theories and evidence related to the psychology of economic decision making; 2) introducing methods of experimental economics, and exploring major subject areas (including those not falling within behavioral economics) that have been addressed through laboratory experiments. Focuses on series of experiments that build on one another in an effort to test between competing theoretical frameworks, with the objectives of improving the explanatory and predictive performance of standard models, and of providing a foundation for more reliable normative analyses of policy issues. Prerequisites: 204 and 271, or consent of instructor.
Terms: Spr
| Units: 2-5
ECON 279:
Behavioral and Experimental Economics II
This is part of a three course sequence (along with Econ 277 & 278) on behavioral and experimental economics. The sequence has two main objectives: 1) examines theories and evidence related to the psychology of economic decision making, 2) Introduces methods of experimental economics, and explores major subject areas (including those not falling within behavioral economics) that have been addressed through laboratory experiments. Focuses on series of experiments that build on one another in an effort to test between competing theoretical frameworks, with the objects of improving the explanatory and predictive performance of standard models, and of providing a foundation for more reliable normative analyses of policy issues. Prerequisites: 204 and 271, or consent of instructor.
Terms: Win
| Units: 2-5
ECON 282:
Contracts, Information, and Incentives
Basic theories and recent developments in mechanism design and the theory of contracts. Topics include: hidden characteristics and hidden action models with one and many agents, design of mechanisms and markets with limited communication, long-term relationships under commitment and under renegotiation, property rights and theories of the firm.
Terms: Win
| Units: 2-5
ECON 285:
Matching and Market Design
This is an introduction to market design, intended mainly for second year PhD students in economics (but also open to other graduates students from around the university and to undergrads who have taken undergrad market design). It will emphasize the combined use of economic theory, experiments and empirical analysis to analyze and engineer market rules and institutions. In this first quarter we will pay particular attention to matching markets, which are those in which price doesn¿t do all of the work, and which include some kind of application or selection process. In recent years market designers have participated in the design and implementation of a number of marketplaces, and the course will emphasize the relation between theory and practice, for example in the design of labor market clearinghouses for American doctors, and school choice programs in a growing number of American cities (including New York and Boston), and the allocation of organs for transplantation. Various forms of market failure will also be discussed.nnAssignment: One final paper. The objective of the final paper is to study an existing market or an environment with a potential role for a market, describe the relevant market design questions, and evaluate how the current market design works and/or propose improvements on the current design.
Terms: Aut
| Units: 2-5
ECON 286:
Game Theory and Economic Applications
Aims to provide a solid basis in game-theoretic tools and concepts, both for theorists and for students focusing in other fields. Technical material will include solution concepts and refinements, potential games, supermodular games, repeated games, reputation, and bargaining models. The class will also address some foundational issues, such as epistemic and evolutionary modeling.Prerequisite: 203 or consent of instructor.
Terms: Aut
| Units: 2-5
ECON 288:
Computational Economics
Overview of numerical analysis. Computational approaches to solving economic problems, including dynamic programming, projection and perturbation. General equilibrium models, new Keynesian models, Krusell-Smith model, international trade models, and dynamic games. Numerical methods for large-scale applications(Smolyak, GSSA, EDS). Parallel computation, GPUs and supercomputers. Prerequisite: equivalent of first-year graduate core economics sequence.
Terms: Win
| Units: 2-5
ECON 289:
Advanced Topics in Game Theory and Information Economics
Topics course covering a variety of game theory topics with emphasis on market design, such as matching theory and auction theory. Final paper required. Prerequisites: ECON 285 or equivalent. ECON 283 recommended.
Terms: Spr
| Units: 2-5
ECON 290:
Multiperson Decision Theory
Students and faculty review and present recent research papers on basic theories and economic applications of decision theory, game theory and mechanism design. Applications include market design and analyses of incentives and strategic behavior in markets, and selected topics such as auctions, bargaining, contracting, and computation.
Terms: Spr
| Units: 4
ECON 291:
Social and Economic Networks
Synthesis of research on social and economic networks by sociologists, economists, computer scientists, physicists, and mathematicians, with an emphasis on modeling. Includes methods for describing and measuring networks, empirical observations about network structure, models of random and strategic network formation, as well as analyses of contagion, diffusion, learning, peer influence, games played on networks, and networked markets.
Terms: Spr
| Units: 2-5
ECON 299:
Practical Training
Students obtain employment in a relevant research or industrial activity to enhance their professional experience consistent with their degree programs. At the start of the quarter, students must submit a one page statement showing the relevance of the employment to the degree program along with an offer letter. At the end of the quarter, a three page final report must be supplied documenting work done and relevance to degree program. May be repeated for credit.
Terms: Aut, Win, Spr, Sum
| Units: 1-10
| Repeatable
for credit
Instructors: ;
Abramitzky, R. (PI);
Admati, A. (PI);
Amador, M. (PI);
Amemiya, T. (PI);
Aoki, M. (PI);
Arora, A. (PI);
Arrow, K. (PI);
Athey, S. (PI);
Attanasio, O. (PI);
Bagwell, K. (PI);
Baron, D. (PI);
Bekaert, G. (PI);
Bernheim, B. (PI);
Bettinger, E. (PI);
Bhattacharya, J. (PI);
Blimpo, M. (PI);
Bloom, N. (PI);
Boskin, M. (PI);
Brady, D. (PI);
Bresnahan, T. (PI);
Bulow, J. (PI);
Canellos, C. (PI);
Carroll, G. (PI);
Chandrasekhar, A. (PI);
Chaudhary, L. (PI);
Clerici-Arias, M. (PI);
Cogan, J. (PI);
Cojoc, D. (PI);
David, P. (PI);
DeGiorgi, G. (PI);
Dickstein, M. (PI);
Duffie, D. (PI);
Dupas, P. (PI);
Einav, L. (PI);
Fafchamps, M. (PI);
Falcon, W. (PI);
Fitzgerald, D. (PI);
Fitzpatrick, M. (PI);
Fong, K. (PI);
Fuchs, V. (PI);
Garber, A. (PI);
Gentzkow, M. (PI);
Gould, A. (PI);
Goulder, L. (PI);
Greif, A. (PI);
Haak, D. (PI);
Haber, S. (PI);
Hall, R. (PI);
Hammond, P. (PI);
Hansen, P. (PI);
Hanson, W. (PI);
Hanushek, E. (PI);
Harding, M. (PI);
Harris, D. (PI);
Hartmann, W. (PI);
Henry, P. (PI);
Hickman, B. (PI);
Hong, H. (PI);
Hope, N. (PI);
Horvath, M. (PI);
Hoxby, C. (PI);
Jackson, M. (PI);
Jagolinzer, A. (PI);
Jaimovich, N. (PI);
Jayachandran, S. (PI);
Jones, C. (PI);
Jost, J. (PI);
Judd, K. (PI);
Kastl, J. (PI);
Kessler, D. (PI);
Klenow, P. (PI);
Kochar, A. (PI);
Kojima, F. (PI);
Kolstad, C. (PI);
Krueger, A. (PI);
Kuran, T. (PI);
Kurlat, P. (PI);
Kurz, M. (PI);
Lambert, N. (PI);
Larsen, B. (PI);
Lau, L. (PI);
Lazear, E. (PI);
Levin, J. (PI);
MaCurdy, T. (PI);
Mahajan, A. (PI);
Malmendier, U. (PI);
Manova, K. (PI);
McClellan, M. (PI);
McKeon, S. (PI);
McKinnon, R. (PI);
Meier, G. (PI);
Milgrom, P. (PI);
Miller, G. (PI);
Moser, P. (PI);
Naylor, R. (PI);
Nechyba, T. (PI);
Niederle, M. (PI);
Noll, R. (PI);
Owen, B. (PI);
Oyer, P. (PI);
Pencavel, J. (PI);
Piazzesi, M. (PI);
Pistaferri, L. (PI);
Polinsky, A. (PI);
Qian, Y. (PI);
Rangel, A. (PI);
Reiss, P. (PI);
Richards, J. (PI);
Roberts, J. (PI);
Romano, J. (PI);
Romer, P. (PI);
Rosenberg, N. (PI);
Rossi-Hansberg, E. (PI);
Rosston, G. (PI);
Roth, A. (PI);
Rothwell, G. (PI);
Royalty, A. (PI);
Rozelle, S. (PI);
Sargent, T. (PI);
Schaffner, J. (PI);
Scheuer, F. (PI);
Schneider, M. (PI);
Segal, I. (PI);
Sharpe, W. (PI);
Shotts, K. (PI);
Shoven, J. (PI);
Singleton, K. (PI);
Skrzypacz, A. (PI);
Sprenger, C. (PI);
Staiger, R. (PI);
Stanton, F. (PI);
Sweeney, J. (PI);
Taylor, J. (PI);
Tendall, M. (PI);
Tertilt, M. (PI);
Topper, M. (PI);
Vytlacil, E. (PI);
Wacziarg, R. (PI);
Weingast, B. (PI);
Wilson, R. (PI);
Wolak, F. (PI);
Wolitzky, A. (PI);
Wright, G. (PI);
Wright, M. (PI);
Yotopoulos, P. (PI);
Ferrero, M. (GP);
Gilbert, S. (GP);
Li, S. (GP);
Lion-Transler, C. (GP);
Longinidis, K. (GP);
Sheeler, P. (GP);
Smeton, K. (GP)
ECON 300:
Third-Year Seminar
Restricted to Economics Ph.D. students. Students present current research. May be repeated for credit.
Terms: Aut, Spr
| Units: 1-10
| Repeatable
for credit
ECON 310:
Macroeconomic Workshop
Terms: Aut, Win, Spr
| Units: 1-10
| Repeatable
for credit
ECON 315:
Development Workshop
Terms: Aut, Win, Spr
| Units: 1-10
| Repeatable
for credit
ECON 325:
Economic History Workshop
May be repeated for credit.
Terms: Aut, Win, Spr
| Units: 1-10
| Repeatable
for credit
ECON 335:
Experimental/Behavioral Seminar
Field seminar in experimental and behavioral economics.
Terms: Aut, Win, Spr
| Units: 1-10
| Repeatable
for credit
ECON 341:
Public Economics and Environmental Economics Seminar
Issues in measuring and evaluating the economic performance of government tax, expenditure, debt, and regulatory policies; their effects on levels and distribution of income, wealth, and environmental quality; alternative policies and methods of evaluation. Workshop format combines student research, faculty presentations, and guest speakers. Prerequisite: ECON 241 or consent of instructor.
Terms: Aut, Win, Spr
| Units: 1-10
| Repeatable
for credit
ECON 345:
Applications Workshop
Terms: Aut, Win, Spr
| Units: 1-10
| Repeatable
for credit
ECON 354:
Workshop in Law and Economics
Terms: Win
| Units: 2-6
ECON 355:
Industrial Organization Workshop
Current research in the field by visitors, presentations by students, and discussion of recent papers. Students write an original research paper, make a formal presentation, and lead a structured discussion.
Terms: Aut, Win, Spr
| Units: 1-10
| Repeatable
for credit
ECON 365:
International Trade Workshop
Terms: Aut, Win, Spr
| Units: 1-10
| Repeatable
for credit
ECON 370:
Econometrics Workshop
Terms: Aut, Win, Spr
| Units: 1-10
| Repeatable
for credit
ECON 391:
Microeconomic Theory Seminar
Terms: Aut, Win, Spr
| Units: 1-10
| Repeatable
for credit
ECON 400:
Ph.D. Dissertation
Pre-TGR dissertation research.(Staff)
Terms: Aut, Win, Spr, Sum
| Units: 1-15
| Repeatable
for credit
Instructors: ;
Abramitzky, R. (PI);
Amador, M. (PI);
Bagwell, K. (PI);
Bernheim, B. (PI);
Bloom, N. (PI);
Boskin, M. (PI);
Bresnahan, T. (PI);
DeGiorgi, G. (PI);
Dupas, P. (PI);
Einav, L. (PI);
Fitzgerald, D. (PI);
Fong, K. (PI);
Goulder, L. (PI);
Greif, A. (PI);
Hall, R. (PI);
Harding, M. (PI);
Hong, H. (PI);
Hoxby, C. (PI);
Jackson, M. (PI);
Kastl, J. (PI);
Klenow, P. (PI);
Kojima, F. (PI);
Kurlat, P. (PI);
Kurz, M. (PI);
Levin, J. (PI);
MaCurdy, T. (PI);
Mahajan, A. (PI);
Manova, K. (PI);
Milgrom, P. (PI);
Moser, P. (PI);
Niederle, M. (PI);
Pencavel, J. (PI);
Piazzesi, M. (PI);
Pistaferri, L. (PI);
Romano, J. (PI);
Roth, A. (PI);
Scheuer, F. (PI);
Schneider, M. (PI);
Segal, I. (PI);
Shoven, J. (PI);
Sprenger, C. (PI);
Taylor, J. (PI);
Wolak, F. (PI);
Wright, G. (PI);
Gilbert, S. (GP);
Li, S. (GP)
Terms: Aut, Win, Spr, Sum
| Units: 0
| Repeatable
for credit
Instructors: ;
Abramitzky, R. (PI);
Admati, A. (PI);
Amador, M. (PI);
Amemiya, T. (PI);
Aoki, M. (PI);
Arora, A. (PI);
Arrow, K. (PI);
Athey, S. (PI);
Attanasio, O. (PI);
Bagwell, K. (PI);
Baron, D. (PI);
Bekaert, G. (PI);
Bernheim, B. (PI);
Bhattacharya, J. (PI);
Bloom, N. (PI);
Boskin, M. (PI);
Brady, D. (PI);
Bresnahan, T. (PI);
Bulow, J. (PI);
Canellos, C. (PI);
Carroll, G. (PI);
Chandrasekhar, A. (PI);
Clerici-Arias, M. (PI);
Cojoc, D. (PI);
David, P. (PI);
DeGiorgi, G. (PI);
Dickstein, M. (PI);
Duffie, D. (PI);
Dupas, P. (PI);
Einav, L. (PI);
Fafchamps, M. (PI);
Falcon, W. (PI);
Fitzgerald, D. (PI);
Fitzpatrick, M. (PI);
Fong, K. (PI);
Fuchs, V. (PI);
Garber, A. (PI);
Gould, A. (PI);
Goulder, L. (PI);
Greif, A. (PI);
Haak, D. (PI);
Haber, S. (PI);
Hall, R. (PI);
Hammond, P. (PI);
Hansen, P. (PI);
Hanson, W. (PI);
Hanushek, E. (PI);
Harding, M. (PI);
Harris, D. (PI);
Hartmann, W. (PI);
Henry, P. (PI);
Hickman, B. (PI);
Hong, H. (PI);
Hope, N. (PI);
Horvath, M. (PI);
Hoxby, C. (PI);
Jackson, M. (PI);
Jagolinzer, A. (PI);
Jaimovich, N. (PI);
Jayachandran, S. (PI);
Jones, C. (PI);
Jost, J. (PI);
Judd, K. (PI);
Kastl, J. (PI);
Kessler, D. (PI);
Klenow, P. (PI);
Kochar, A. (PI);
Kojima, F. (PI);
Kolstad, C. (PI);
Koudijs, P. (PI);
Krueger, A. (PI);
Kuran, T. (PI);
Kurlat, P. (PI);
Kurz, M. (PI);
Lambert, N. (PI);
Lau, L. (PI);
Lazear, E. (PI);
Levin, J. (PI);
MaCurdy, T. (PI);
Mahajan, A. (PI);
Malmendier, U. (PI);
Manova, K. (PI);
McClellan, M. (PI);
McKinnon, R. (PI);
Meier, G. (PI);
Milgrom, P. (PI);
Miller, G. (PI);
Moser, P. (PI);
Naylor, R. (PI);
Nechyba, T. (PI);
Niederle, M. (PI);
Noll, R. (PI);
Owen, B. (PI);
Oyer, P. (PI);
Pencavel, J. (PI);
Piazzesi, M. (PI);
Pistaferri, L. (PI);
Polinsky, A. (PI);
Qian, Y. (PI);
Rangel, A. (PI);
Reiss, P. (PI);
Richards, J. (PI);
Roberts, J. (PI);
Romano, J. (PI);
Romer, P. (PI);
Rosenberg, N. (PI);
Rossi-Hansberg, E. (PI);
Rosston, G. (PI);
Roth, A. (PI);
Rothwell, G. (PI);
Royalty, A. (PI);
Rozelle, S. (PI);
Sargent, T. (PI);
Schaffner, J. (PI);
Scheuer, F. (PI);
Schneider, M. (PI);
Segal, I. (PI);
Sharpe, W. (PI);
Shotts, K. (PI);
Shoven, J. (PI);
Singleton, K. (PI);
Skrzypacz, A. (PI);
Sprenger, C. (PI);
Staiger, R. (PI);
Stanton, F. (PI);
Sweeney, J. (PI);
Taylor, J. (PI);
Tendall, M. (PI);
Tertilt, M. (PI);
Topper, M. (PI);
Vytlacil, E. (PI);
Wacziarg, R. (PI);
Weingast, B. (PI);
Wilson, R. (PI);
Wolak, F. (PI);
Wolitzky, A. (PI);
Wright, G. (PI);
Wright, M. (PI);
Yotopoulos, P. (PI);
Ferrero, M. (GP);
Li, S. (GP);
Longinidis, K. (GP);
Sheeler, P. (GP)
ECON 802:
TGR Dissertation
Terms: Aut, Win, Spr, Sum
| Units: 0
| Repeatable
for credit
Instructors: ;
Abramitzky, R. (PI);
Admati, A. (PI);
Amador, M. (PI);
Amemiya, T. (PI);
Aoki, M. (PI);
Arora, A. (PI);
Arrow, K. (PI);
Athey, S. (PI);
Attanasio, O. (PI);
Bagwell, K. (PI);
Baron, D. (PI);
Bekaert, G. (PI);
Bernheim, B. (PI);
Bhattacharya, J. (PI);
Bloom, N. (PI);
Boskin, M. (PI);
Brady, D. (PI);
Bresnahan, T. (PI);
Bulow, J. (PI);
Canellos, C. (PI);
Carroll, G. (PI);
Chandrasekhar, A. (PI);
Chaudhary, L. (PI);
Clerici-Arias, M. (PI);
Cogan, J. (PI);
Cojoc, D. (PI);
David, P. (PI);
DeGiorgi, G. (PI);
Dickstein, M. (PI);
Duffie, D. (PI);
Duggan, M. (PI);
Dupas, P. (PI);
Einav, L. (PI);
Fafchamps, M. (PI);
Falcon, W. (PI);
Fitzgerald, D. (PI);
Fitzpatrick, M. (PI);
Fong, K. (PI);
Fuchs, V. (PI);
Garber, A. (PI);
Gentzkow, M. (PI);
Gould, A. (PI);
Goulder, L. (PI);
Greif, A. (PI);
Haak, D. (PI);
Haber, S. (PI);
Hall, R. (PI);
Hammond, P. (PI);
Hansen, P. (PI);
Hanson, W. (PI);
Hanushek, E. (PI);
Harding, M. (PI);
Harris, D. (PI);
Hartmann, W. (PI);
Henry, P. (PI);
Hickman, B. (PI);
Hong, H. (PI);
Hope, N. (PI);
Horvath, M. (PI);
Hoxby, C. (PI);
Jackson, M. (PI);
Jagolinzer, A. (PI);
Jaimovich, N. (PI);
Jayachandran, S. (PI);
Jones, C. (PI);
Jost, J. (PI);
Judd, K. (PI);
Kastl, J. (PI);
Kessler, D. (PI);
Klenow, P. (PI);
Kochar, A. (PI);
Kojima, F. (PI);
Kolstad, C. (PI);
Koudijs, P. (PI);
Krueger, A. (PI);
Kuran, T. (PI);
Kurlat, P. (PI);
Kurz, M. (PI);
Lambert, N. (PI);
Lau, L. (PI);
Lazear, E. (PI);
Levin, J. (PI);
MaCurdy, T. (PI);
Mahajan, A. (PI);
Malmendier, U. (PI);
Manova, K. (PI);
McClellan, M. (PI);
McKinnon, R. (PI);
Meier, G. (PI);
Milgrom, P. (PI);
Miller, G. (PI);
Moser, P. (PI);
Naylor, R. (PI);
Nechyba, T. (PI);
Niederle, M. (PI);
Noll, R. (PI);
Owen, B. (PI);
Oyer, P. (PI);
Pencavel, J. (PI);
Piazzesi, M. (PI);
Pistaferri, L. (PI);
Polinsky, A. (PI);
Qian, Y. (PI);
Rangel, A. (PI);
Reiss, P. (PI);
Richards, J. (PI);
Roberts, J. (PI);
Romano, J. (PI);
Romer, P. (PI);
Rosenberg, N. (PI);
Rossi-Hansberg, E. (PI);
Rosston, G. (PI);
Roth, A. (PI);
Rothwell, G. (PI);
Royalty, A. (PI);
Rozelle, S. (PI);
Sargent, T. (PI);
Schaffner, J. (PI);
Scheuer, F. (PI);
Schneider, M. (PI);
Segal, I. (PI);
Sharpe, W. (PI);
Shotts, K. (PI);
Shoven, J. (PI);
Singleton, K. (PI);
Skrzypacz, A. (PI);
Sprenger, C. (PI);
Staiger, R. (PI);
Stanton, F. (PI);
Sweeney, J. (PI);
Taylor, J. (PI);
Tendall, M. (PI);
Tertilt, M. (PI);
Topper, M. (PI);
Vytlacil, E. (PI);
Wacziarg, R. (PI);
Weingast, B. (PI);
Wilson, R. (PI);
Wolak, F. (PI);
Wolitzky, A. (PI);
Wright, G. (PI);
Wright, M. (PI);
Yotopoulos, P. (PI);
Ferrero, M. (GP);
Gilbert, S. (GP);
Li, S. (GP);
Lion-Transler, C. (GP);
Longinidis, K. (GP);
Sheeler, P. (GP);
Smeton, K. (GP)
ECON 107:
Causal Inference and Program Evaluation
Methods for estimating and doing inference for causal effects. Discussion of randomized experiments, matching methods, the role of the propensity score, instrumental variables, regression discontinuity, and natural experiments. Theoretical aspects of these methods as well as detailed applications drawn from economics, political science, education, and health care. Prerequisite: Econ 102A or equivalent.
| Units: 5
ECON 112:
Financial Markets and Institutions: Recent Developments
The course covers innovations, challenges and proposed changes to the financial system. Topics include new mortgage products, foreclosure rules, securitization, credit ratings, credit derivatives, dealer networks, repo financing, implications for prudential regulation & monetary policy. Emphasis is on quantitative studies of these topics. Prerequisites: Econ 52, Econ 102B.
| Units: 5
ECON 119:
The Russian Economy (REES 219)
Brief introduction to the economic history of Russia, general overview of the modern Russian economy with analysis of its macroeconomic features and dynamics, industrial structure, and the major institutional features that are important for understanding Russian economic development. The period of transition from Soviet-type planned economy to a market economy and market reforms (1991-1998), the period of economic growth (1999-2007), and the economic development of Russia during the current global crisis of 2008-2010. Analysis of Russia¹s social structure and social policy, labor markets, the regional structure of the economy, the role of the state, and major Russian industries (oil, metals, machinery). Emphasis on the specific institutional aspects that have shaped Russia's economic development.
| Units: 4-5
ECON 217:
Topics in International Macroeconomics: Theory and Evidence for Latin America:
Banking systems, interest rates, regulatory policies, and the productivity of capital in developing countries. Controlling inflation: fiscal and monetary policies for macroeconomic stability. Currency crises, exchange rates, and the liberalization of foreign trade. Further applications to transitional socialist economies in Asia and E. Europe.
| Units: 2-5
ECON 226:
U.S. Economic History
The role of economic history as a distinctive approach to the study of economics, using illustrations from U.S. history. Topics: historical and institutional foundations of the U.S. rise to world economic preeminence; economic causes and consequences of slavery; the American national system of technology; the Great Depression of the 30s; national economic performance in a globalizing world. Prerequisite: ECON 51 and ECON 52. Intended for graduate students.
| Units: 2-5
ECON 235:
Advanced Macroeconomics III
Current topics to prepare student for research in the field. Recent research in labor-market friction, reallocation, fluctuations, wage and price determination, innovation, and productivity growth. Research methods, presentations skills, and writing in advanced economics.
| Units: 2-5
ECON 236:
Financial Economics I
Tools: solving choice problems and equilibrium models with multiple risky assets, many agents, and frictions. Applications: household finance (including housing and mortgage choice); risk sharing and financial innovation; economies; trading volume; international capital flows and financial market integration. Prerequisites: 210, 211, 212.
| Units: 2-5
ECON 237:
Financial Economics II
Topics in financial Economics. Discussion of recent academic papers on asset pricing. Student presentations and course paper requirement. Designed for second year PhD students in economics or finance.
| Units: 2-5
ECON 253:
Energy Markets: Theory and Evidence from Latin America
What theory and practice around the world and in Latin America tell us about the design of energy markets; how distributional impacts and enforcement capabilities affect their implementation. Topics include: pricing in wholesale electricity markets, role of long-term contracting, auction design, evidence from spot and contract markets ; design of markets for pollution permits, alternative environmental policy instruments, evidence from existing and proposed carbon markets and others, imperfect information, adverse selection in opt-in provisions, effect on innovation, interaction between markets, market power. Advanced undergraduates and masters students are welcome to enroll.
| Units: 2-5
ECON 259:
Industrial Organization II B
Theoretical and empirical analyses of the determinants of market structure; firm behavior and market efficiency in oligopolies; economics of antitrust and regulation, with focus on energy and environmental economics; the role of information asymmetries in markets: adverse selection and moral hazard, with focus on insurance and credit markets.
| Units: 2-5
ECON 265:
International Economics I
International macroeconomics and finance, emphasizing current research. The course is organized around the role of different types of frictions (in asset and goods markets) in explaining features of the international macroeconomy. Prerequisites: 202, 203, 204, 210, 211, 212.
| Units: 2-5
ECON 275:
Time Series Econometrics
Stochastic processes and concepts such as stationarity, ergodicity, and mixing. Inference with heteroskedastic and autocorrelated time series; autoregressive and moving average models; unit root processes and asymptotic analysis of such; tests for structural change; vector autoregressive models; cointegration; impulse response analysis; forecasting; ARCH and GARCH volatility models. Prerequisites: 270, 271.
| Units: 2-5
ECON 276:
Limited Dependent Variables
(Formerly 274) Parametric and semi-parametric approaches to the estimation of econometric models with discrete or limited dependent variables. Maximum likelihood, linear and nonlinear panel data, duration models, rank estimation and index models, Bayesian approaches and MCMC, measurement error models, dynamic programming discrete choice analysis and dynamic discrete games. models. Prerequisite: ECON 273 or consent of instructor.
| Units: 2-5
ECON 278:
Behavioral and Experimental Economics I
This is the first half of a three course sequence (along with Econ 277 & 279) on behavioral and experimental economics. The sequence has two main objectives: 1) examines theories and evidence related to the psychology of economic decision making, 2) Introduces methods of experimental economics, and explores major subject areas (including those not falling within behavioral economics) that have been addressed through laboratory experiments. Focuses on series of experiments that build on one another in an effort to test between competing theoretical frameworks, with the objects of improving the explanatory and predictive performance of standard models, and of providing a foundation for more reliable normative analyses of policy issues. Prerequisites: 204 and 271, or consent of instructor.
| Units: 2-5
ECON 283:
Theory and Practice of Auction Market Design
Basics of auction theory and recent contributions. Multi-item and combinatorial auctions. Robust auction design. Applied auction design with practical applications. Applied topics may include auctions for Internet advertising, radio spectrum auctions, securities markets, commodities, and complex procurements.
| Units: 2-5
| Repeatable
for credit
