## 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 20 or equivalent.

Terms: Aut, Win, Sum
| Units: 5
| UG Reqs: GER:DB-Math, WAY-AQR, WAY-SI

Instructors:
McKeon, S. (PI)
;
Zempleni, R. (PI)
;
Hong, H. (SI)
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Instructors:
McKeon, S. (PI)
;
Zempleni, R. (PI)
;
Hong, H. (SI)
;
Imbens, G. (SI)
;
Romano, J. (SI)
;
Caratelli, D. (TA)
;
Yany Anich, A. (TA)

## 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, Sum
| Units: 5
| UG Reqs: WAY-AQR, WAY-SI

## ECON 102C: Advanced Topics in Econometrics

The program evaluation problem. Identifying and estimating the effects of policies on outcomes of interest (e.g., tax rates on labor supply, etc.). Identifying and estimating the effects of human capital on earnings and other labor market outcomes. Topics: Instrumental variables estimation; limited dependent variable models (probit, logit, Tobit models); Panel data techniques (fixed and random effect models, dynamic panel data models); Duration models; Bootstrap and Estimation by Simulation. Prerequisite:
Econ 102B

Terms: Win
| Units: 5
| UG Reqs: WAY-AQR, WAY-SI

Instructors:
Pistaferri, L. (PI)

## ECON 106: World Food Economy (EARTHSYS 106, EARTHSYS 206, ECON 206, ESS 106, ESS 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. Grades based on mid-term exam and group modeling project and presentation. Enrollment is by application only and will be capped at 25, with priority given to upper level undergraduates in Economics and Earth Systems and graduate students (graduate students enroll in 206). Application found at
https://economics.stanford.edu/academics/undergraduate-program/forms

Last offered: Spring 2020
| UG Reqs: WAY-SI

## 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. bond or 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
| Units: 5
| UG Reqs: WAY-SI

Instructors:
Gould, A. (PI)
;
Rigon, L. (TA)

## 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.

Terms: Win
| Units: 5
| UG Reqs: GER:EC-GlobalCom, WAY-AQR, WAY-SI

Instructors:
Morten, M. (PI)

## 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 (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.

Last offered: Spring 2020
| 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

Instructors:
Miller, G. (PI)

## 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 50,
ECON 102A.

Terms: Spr
| Units: 5
| UG Reqs: WAY-SI

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