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

Instructors:
Makler, C. (PI)
;
Einav, L. (SI)
;
Segal, I. (SI)
;
Loo, A. (TA)
;
Shiao, S. (TA)
;
Storms, E. (TA)

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

Instructors:
Auclert, A. (PI)
;
Kehoe, P. (PI)
;
Klenow, P. (PI)
;
Tendall, M. (PI)
;
Klenow, P. (SI)

## ECON 78N: Economic Policies of the Presidential Candidates (PUBLPOL 78N)

In nearly all polls, American voters rank the economy as one of their most important concerns. In the presidential election, much of the debate for voters will be on questions of economic policy. In this course, we will delve deeply into economic policy issues to understand options for government intervention and possible outcomes. We will combine economic analysis with political science methodology to understand efficient and implementable policy proposals.nnSpecific areas of interest will be taxation, budget, entitlement programs, economic regulation and competition policy, trade, demography, income inequality, and monetary policy. The course will incorporate other timely and salient policy issues as they arise during the course of the campaign. n nStudents 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 those directly related to campaign issues as well as other long-term economic issues facing the country.

Last offered: Autumn 2016
| 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

Instructors:
Goda, G. (PI)
;
Hanson, W. (PI)
;
Santesteban, C. (PI)
...
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Instructors:
Goda, G. (PI)
;
Hanson, W. (PI)
;
Santesteban, C. (PI)
;
Toloui, R. (PI)
;
Higgins, B. (TA)
;
Pousada, B. (TA)

## 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)
;
Hong, H. (SI)
;
Imbens, G. (SI)
;
Romano, J. (SI)
;
Cao, Y. (TA)
;
Caratelli, D. (TA)
;
Qiu, X. (TA)
;
Yany Anich, A. (TA)
;
Zempleni, R. (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

## 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)

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