printer friendly pageECON 1: Principles of Economics
This is an introductory course in economics. We will cover both microeconomics (investigating decisions by individuals and firms) and macroeconomics (examining the economy as a whole). The primary goal is to develop and then build on your understanding of the analytical tools and approaches used by economists. This will help you to interpret economic news and economic data at a much deeper level while also forming your own opinions on economic issues. The course will also provide a strong foundation for those of you who want to continue on with intermediate microeconomics and/or intermediate macroeconomics and possibly beyond.
Terms: Aut, Win, Spr
| Units: 5
| UG Reqs: WAY-SI, GER:DB-SocSci
Instructors:
Duggan, M. (PI)
;
Liu, B. (PI)
;
Mo, M. (PI)
;
Taylor, J. (PI)
;
Tendall, M. (PI)
;
Al-Shakhshir, D. (TA)
;
Carvalho, P. (TA)
;
Chaves Yoshida, R. (TA)
;
Domenella, D. (TA)
;
Fan, F. (TA)
;
Ju, Z. (TA)
;
Kohler, J. (TA)
;
Kovvuri, A. (TA)
;
Li, K. (TA)
;
Lim, S. (TA)
;
Liu, B. (TA)
;
Liu, L. (TA)
;
Matoorian pour, N. (TA)
;
Mo, M. (TA)
;
Storms, E. (TA)
ECON 43: Introduction to Financial Decision-Making
The purpose of the class is for you to obtain greater comfort making the major financial decisions your life journey will require. Illustrative examples, case studies, historical and statistical evidence, and some simple analytical tools will be presented. Small breakout sessions with other students will focus on applying the material to developing and analyzing the options available to you and the tradeoffs among them in the situations you will face, from job choice to home purchase to investing. We hope to help students avoid damaging mistakes in the decisions that will determine their financial flexibility and safeguard them against life's uncertainties. Students will learn how to keep more options open and to live with fewer constraints by making sound financial decisions. Topics include making a financial plan and budget, managing money, obtaining and using credit and loans, saving, investing in stocks, bonds, mutual funds, ETFs, options and other assets, venture capital and private equity, purchasing insurance, purchasing vs. renting a home, getting a mortgage, taxes, inflation and inflation protection, financial markets and financial advisors.
Terms: Spr
| Units: 5
| UG Reqs: WAY-SI
Instructors:
Boskin, M. (PI)
;
Shoven, J. (PI)
;
Davies, B. (TA)
;
Guido, M. (TA)
;
Li, K. (TA)
;
Rosenberg, A. (TA)
;
Wei, J. (TA)
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:
Econ 1 or 1V, and
Math 51 or
Math 51A or
CME 100 or
CME 100A.
Terms: Aut, Spr
| Units: 5
| UG Reqs: WAY-SI, WAY-FR, GER:DB-Math
ECON 51: Economic Analysis II
Neoclassical analysis of general equilibrium, welfare economics, imperfect competition, externalities and public goods, risk and uncertainty, game theory, adverse selection, and moral hazard. Multivariate calculus is used. Prerequisite:
ECON 50.
Terms: Aut, 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
Instructors:
Kehoe, P. (PI)
;
Klenow, P. (PI)
;
Brouillette, J. (TA)
...
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Instructors:
Kehoe, P. (PI)
;
Klenow, P. (PI)
;
Brouillette, J. (TA)
;
Fiaux, F. (TA)
;
Rockall, E. (TA)
;
Tutuncu, C. (TA)
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. Enrollment by application:
https://economics.stanford.edu/forms. The section led by Marcelo Clerici-Arias in Spring 2023 will focus on reading, analyzing, and writing persuasive economic stories; to apply for this section, complete the application at
https://economics.stanford.edu/forms between 2/15 and 2/28/2023.
Terms: Aut, Win, Spr
| Units: 5
| UG Reqs: WAY-SI
| Repeatable
for credit
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
Instructors:
McKeon, S. (PI)
;
Anderson, J. (TA)
;
Cao, Y. (TA)
...
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Instructors:
McKeon, S. (PI)
;
Anderson, J. (TA)
;
Cao, Y. (TA)
;
Chaves Yoshida, R. (TA)
;
Francisco Pugliese, J. (TA)
;
Goke, S. (TA)
;
Yan, N. (TA)
ECON 102C: Advanced Topics in Econometrics
This is an advanced econometrics class targeted to students who want to go deeper into and/or expand their knowledge of topics firstly learned in
Econ 102B (or equivalent class). Topics include: Instrumental variables estimation; Panel data models (fixed and random effect models, dynamic panel data models); Limited dependent variable models (probit, logit, Tobit) and selection models; models for Duration data; Bootstrap and Estimation by Simulation. Applications from Labor Economics and Public Finance will be used to motivate the discussion. Prerequisite:
Econ 102B
Terms: Spr
| Units: 5
| UG Reqs: WAY-AQR, WAY-SI
Instructors:
Pistaferri, L. (PI)
;
Rong, M. (TA)
ECON 136: Market Design
Use of economic theory and analysis to design allocation mechanisms and market institutions. Course focuses on three areas: the design of matching algorithms to solve assignment problems, with applications to school choice, entry-level labor markets, and kidney exchanges; the design of auctions to solve general resource allocation problems, with applications to the sale of natural resources, financial assets, radio spectrum, and advertising; and the design of platforms and exchanges, with applications to internet markets. Emphasis on connecting economic theory to practical applications. Students must write term paper.
Terms: Spr
| Units: 5
| UG Reqs: WAY-FR
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: Spr
| Units: 5
| UG Reqs: WAY-FR, WAY-AQR
Instructors:
McKeon, S. (PI)
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