printer friendly pageECON 204: Core Economics: Modules 9 and 10
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
Instructors:
Milgrom, P. (PI)
;
Wolitzky, A. (PI)
;
Opper, I. (TA)
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Instructors:
Milgrom, P. (PI)
;
Wolitzky, A. (PI)
;
Opper, I. (TA)
;
Saavedra Pineda, S. (TA)
;
Yu, N. (TA)
ECON 210: Core Economics: Modules 3 and 7
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
Instructors:
Kurlat, P. (PI)
;
Xu, R. (TA)
ECON 211: Core Economics: Modules 11 and 12
Growth theory (neoclassical models, growth accounting, technical change, endogenous growth) using optimal control theory. Solving dynamic, stochastic general equilibrium business cycle models. Limited enrollment. Prerequisite:
ECON 210.
Terms: Win
| Units: 2-5
ECON 212: Core Economics: Modules 4 and 8
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
Instructors:
Schneider, M. (PI)
;
Taylor, J. (PI)
ECON 214: Development Economics I
Consumption smoothing and insurance. Lack of enforceability and imperfect (partial) insurance. Social networks and informal institutions. Evaluation of policy interventions in developing countries. Joint liability and micro-credit. Institutions and the process of development. Climate change. Prerequisites: 202 or 202N, 270.
Terms: Aut
| Units: 2-5
Instructors:
Chandrasekhar, A. (PI)
ECON 215: Economic Development II
Microeconomic issues in developing countries. Topics: health; education; risk-coping; land productivity; governance. Emphasis is on economic models and empirical evidence. Enrollment limited to PhD students with core graduate-level microeconomics and econometrics training.
Terms: Win
| Units: 2-5
Instructors:
Dupas, P. (PI)
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.
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, checks and balances, 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
Instructors:
Carroll, G. (PI)
;
Kojima, F. (PI)
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
Instructors:
Abramitzky, R. (PI)
ECON 228: Institutions and Organizations in Historical Perspective
Emphasis is on the formative period from the 11th to 18th centuries. Formation, function, and evolution of institutions; alternative conceptual frameworks such as neoclassical, transaction cost economics, institutionalism, and Marxism and neo-Marxism; game theory, mechanism design, and contract theory. Institutions related to trade organization, the organization of production, feudalism, mercantilism, and the state.
Terms: Win
| Units: 2-5
Instructors:
Greif, A. (PI)
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