ECONOMIC THEORY-MACROECONOMICS SEQUENCE

ECON 713

Second course in a two-semester sequence: the theory of market, their efficiency properties, externalities, and the role of prices, and an introduction to the economics of information, including moral hazard and adverse selection.

ECON 700

Mathematical techniques used in economics analysis at a Master level. Topics include: proof techniques, optimization, introductory topology, functional analysis, linear algebra for microeconomists and differential equations. It is expected that students will have completed three semesters calculus (such asMATH 234) and linear algebra (such asMATH 340).

ECON 711

First course in a two-semester sequence: theories of firms, consumers, and markets; or partial and general equilibria in market and centralized economies; topics in welfare economics. It is expected that students will have completed three semesters calculus (such asMATH 234) and linear algebra (such asMATH 340).

ECON 714

Second course in a two-semester sequence. Topics include: asset pricing; fiscal and monetary policy; mechanism design, estimation and calibration of business cycle models.

ECON 702

A mathematical approach to the study of aggregate output determination, including analysis of consumption, labor markets, economic growth, and business cycles. Analysis of fiscal and monetary policies and their interactions. It is expected that students will have completed three semesters calculus (such asMATH 234) and linear algebra (such asMATH 340).