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:
ECON 50,
ECON 102B.
Last offered: Spring 2024
| Units: 5
| UG Reqs: GER:EC-GlobalCom, WAY-AQR, WAY-SI
ECON 122: Economics of Health Equity
The class examines inequalities in health outcomes along dimensions such as race/ethnicity, gender, disability, geography, education and income. Through economic reasoning, causal inference, and a critical reading of the empirical evidence we will address questions such as: What economic and social policies contribute to and alleviate health inequities? Under what conditions are health inequalities considered inequitable? How does health inequality impact people who don't think it concerns them?
Terms: Win
| Units: 5
Instructors:
Alsan, M. (PI)
;
Scott-Hearn, N. (TA)
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, social learning, public finance/redistribution, and social networks. Prerequisites-
Econ 51 or
Publpol 51 and
Econ 102B.
Terms: Spr
| Units: 5
| UG Reqs: GER:EC-GlobalCom, WAY-AQR, WAY-SI
Instructors:
Chandrasekhar, A. (PI)
ECON 126: Economics of Health and Medical Care (BMDS 235, 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; economics of health care labor markets and health care production; and economic epidemiology. 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.
Last offered: Autumn 2024
| Units: 5
| UG Reqs: WAY-SI
ECON 127: Economics of Health Improvement in Developing Countries (HRP 227, MED 262)
Application of economic paradigms and empirical methods to health improvement in lower-income 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.
Last offered: Spring 2025
| Units: 5
| UG Reqs: WAY-SI
ECON 131: The Chinese Economy
This is a survey course of the Chinese economy with emphasis on understanding the process of economic reform, transition and development during the past 40 years. It will help students learn the different historical stages of institutional changes, develop an informed perspective on economic and political rationale and the effectiveness of the economic policies that have shaped China's economic emergence, and think critically about the process of economic and social changes. Same as
OSPBEIJ 30. Students may not earn credit for both
OSPBEIJ 30 and
ECON 131.
Terms: Win, Spr
| Units: 5
| UG Reqs: WAY-SI
ECON 132: Persuasive Economic Storytelling
Modern economics has produced outstanding advancements in understanding and predicting economic behavior and phenomena. Despite these achievements, there is a huge gap between how economists and non-economists perceive certain aspects of the economy, society, and the world - how we communicate our findings is at the core of this problem. In this course we will explore and discuss examples of powerful economic storytelling (from the classics to modern pieces), and we will learn how storytelling can be more effective at convincing and driving people to action than purely logical economic expositions. We will learn how to craft effective stories, and then we will create some of our own that are not only persuasive but also based on sound economic models and data. Application required-
https://forms.gle/E4fUY5WdsKKtH7Sk6. Prerequisite:
Econ 1
Terms: Win
| Units: 5
| UG Reqs: WAY-CE
Instructors:
Clerici-Arias, M. (PI)
;
Payne, A. (TA)
ECON 133: Energy Market Design and Regulation
Energy is a critical input for any economy's stability and growth. Access to safe, reliable and affordable energy serves as a bedrock, on which the welfare of households, the competitiveness of firms and the resilience of public rest. This course explores fundamental economic and financial aspects related to energy supply and demand, while focusing on the ongoing energy transition. It discusses the roles of markets, regulation and deregulation in industries directly connected to energy, such as the electric power and transportation sectors. The course examines market design questions related to energy generation, transmission, distribution and emissions control. It investigates the economics of energy markets and individual behavior under alternative institutional regimes, focusing on how different policies or social norms affect economic performance under both static and dynamic conditions. It combines approaches of market design, behavioral economics, institutional economics, public
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Energy is a critical input for any economy's stability and growth. Access to safe, reliable and affordable energy serves as a bedrock, on which the welfare of households, the competitiveness of firms and the resilience of public rest. This course explores fundamental economic and financial aspects related to energy supply and demand, while focusing on the ongoing energy transition. It discusses the roles of markets, regulation and deregulation in industries directly connected to energy, such as the electric power and transportation sectors. The course examines market design questions related to energy generation, transmission, distribution and emissions control. It investigates the economics of energy markets and individual behavior under alternative institutional regimes, focusing on how different policies or social norms affect economic performance under both static and dynamic conditions. It combines approaches of market design, behavioral economics, institutional economics, public choice, regulatory economics, industrial organization, experimental economics and applies them to the current energy-related questions. This course uses a combination of hands-on learning through classroom experiments, simulations and student-led discussions of readings. By building on this experience and gained knowledge, students develop projects to explore different public and private applications in markets for energy. Prerequisites: Completion of
ECON 1, or instructor consent.
Terms: Aut, Sum
| Units: 5
Instructors:
Baltaduonis, R. (PI)
;
Wikler, K. (TA)
ECON 134: Wealth of Nations (POLISCI 244C, POLISCI 344C)
Why are there economic disparities across countries? Why did some countries grow steadily over the past 200 years while many others did not? What have been the consequences for the citizens of those countries? What has been the role of geography, culture, and institutions in the development process? What are the moral dilemmas behind this development process? These are some of the questions we will discuss in this course. Following a historical and cross-cultural perspective, we will study the origins of economic development and the path that led to the configuration of the modern global economy.
Terms: Spr
| Units: 3-5
| UG Reqs: WAY-SI
Instructors:
Mejia Cubillos, J. (PI)
ECON 135: Foundations of Finance
For graduate students and advanced undergraduates. This course teaches the foundations of finance. Topics include internal rate of return and net present value, Black-Scholes option pricing, portfolio diversification and the Capital Asset Pricing Model, relationships between risk and return, market efficiency, and the valuation of derivative securities. Much of the analysis will build on the Arrow-DeBreu state preference model. Next, adverse selection and moral hazard in contracting and the design of auctions will be discussed. Towards the end of the course applied topics such as bank capital regulation, sovereign debt, pension funds, university endowments, and the evaluation of private equity performance and fees will be discussed, depending on time. Prerequisites:
MATH 51,
ECON 50,
ECON 102A, or equivalents or with permission of the instructor; ability to use spreadsheets, and basic probability and statistics concepts including random variables, expected value, variance, covariance, and simple estimation and regression.
Terms: Spr
| Units: 5
Instructors:
Bulow, J. (PI)
