Economics-Mathematics

Economics-Mathematics

Economics-Mathematics

Administrative Information

Director of Undergraduate Studies: Dr. Susan Elmes, 1006 International Affairs Building; 854-9124; se5@columbia.edu

Director of Departmental Honors Program: Dr. Susan Elmes, 1006 International Affairs Building; 854-9124; se5@columbia.edu

Departmental Advisers: For a list of Economics Department advisers for the major, concentration, and interdepartmental majors, please see the department website.

Departmental Office: 1022 International Affairs Building (IAB); 854-3680

Professors
Marcellus Andrews (Barnard)
Jushan Bai
Jagdish N. Bhagwati
Patrick Bolton (also Business School)
André Burgstaller (Barnard)
Alessandra Casella
Yeon-Koo Che
Pierre-André Chiappori
Graciela Chichilnisky
Richard Clarida
Donald Davis
Padma Desai
Prajit Dutta
Glenn Hubbard (also Business School)
Navin Kartik
Wojciech Kopczuk (also School of International and Public Affairs)
W. Bentley McLeod (also School of International and Public Affairs)
Perry Mehrling (Barnard)
Massimo Morelli (also Political Science)
Robert Mundell
Serena Ng
Brendan O'Flaherty
Edmund S. Phelps
Ricardo Reis
Michael Riordan
Jeffrey Sachs (also Earth Institute)
Xavier Sala-i-Martin
Bernard Salanié
José A. Scheinkman
Stephanie Schmitt-Grohé
Rajiv Sethi (Barnard)
Joseph Stiglitz (also Business School)
Martín Uribe
David Weiman (Barnard)
David Weinstein (chair)
Michael Woodford

Associate Professors
Douglas Almond (also School of International and Public Affairs)

Associate Professors (continued)
Lena Edlund
Katherine Ho
Emi Nakamura (also Business School)
Jon Steinsson
Miguel Urquiola (also School of International and Public Affairs)
Eric Verhoogen (also School of International and Public Affairs)

Assistant Professors
Christopher Conlon
Francois Gerard
Supreet Kaur
Jennifer La'O
Qingmin Liu
Suresh Naidu
Jaromir Nosal
Pietro Ortoleva
Christoph Rothe
Jonathan Vogel

Lecturers
Seyhan Arkonac
Tri Vi Dang
Sally Davidson
Susan Elmes
Sunil Gulati
Caterina Musatti

Adjunct Faculty
Edward Lincoln
Emanuel Moench
Steven Olley
Carl Riskin

On Leave
Profs. Conlon, Naidu, O'Flaherty, Riordan, Verhoogen, Woodford (2013-2014)
Profs. Almond, Findlay (Fall 2013)
Prof. Ng (Spring 2014)

Economics is the study of the ways in which society allocates its scarce resources among alternative uses and the consequences of these decisions. The areas of inquiry deal with a varied range of topics such as international trade, domestic and international financial systems, labor market analysis, and the study of less developed economies. Broadly speaking, the goal of an economics major is to train students to think analytically about social issues and, as such, provide a solid foundation for not only further study and careers in economics, but also for careers in law, public service, business, and related fields.

The Economics Department offers a general economics major in addition to five interdisciplinary majors structured to suit the interests and professional goals of a heterogeneous student body. All of these programs have different specific requirements but share the common structure of core theoretical courses that provide the foundation for higher-level elective courses culminating in a senior seminar. Students are urged to carefully look through the details of each of these programs and to contact an appropriate departmental adviser to discuss their particular interests.

Advanced Placement

Tests must be taken in both microeconomics and macroeconomics, with a score of 5 on one test and at least a 4 on the other. Provided that this is achieved, the department grants 4 credits for a score of 4 and 5 on the AP Economics exam along with exemption from ECON W1105.

Advising

The Department of Economics offers a variety of advising resources to provide prospective and current undergraduate majors and concentrators with the information and support needed to successfully navigate through the program. These resources are described below.

Frequently Asked Questions

Please see: http://econ.columbia.edu/frequently-asked-questions-0

As a first step, students are encouraged to visit the department's FAQ page, which provides comprehensive information and answers to the most frequently asked questions about the department majors and requirements. This page also includes a section that answers specific questions of first-years, sophomores, and non-majors.

Graduate Student Advisers

For answers to the most common questions that students have about the major, the department has graduate student advisers, who are available by email at econ-advising@columbia.edu, or during weekly office hours to meet with students.

Students should direct all questions and concerns about their major to the graduate student advisers either in person or via email. The graduate student advisers can discuss major requirements, scheduling, and major course selection, as well as review student checklists and discuss progress in the major. Occasionally, graduate student advisers may refer a student to someone else in the department (such as the director of undergraduate studies) or in the student's school for additional advising.

Contact information and office hours for the graduate student advisers are posted on the Advisers page of the departmental website in the week prior to the beginning of the semester. Students considering one of the interdepartmental majors should speak to both a graduate student adviser from the Economics Department and the adviser from the other department early in the sophomore year.

Faculty Advisers

Faculty advisers are available to discuss student's academic and career goals, both in terms of the undergraduate career and post-graduate degrees and research. Students wishing to discuss these types of substantive topics may request a faculty adviser by completing the form available on the Advisers page of the departmental website and depositing it in the mailbox of the director of undergraduate studies in the department main office, 1022 International Affairs Building.

The department does its best to match students with faculty members that share similar academic interests. While faculty advisers do not discuss major requirements—that is the role of the graduate student advisers—they do provide guidance in course selection as it relates to meeting a student's intellectual goals and interests, as well as advise on career and research options. It is recommended that students who plan on attending a Ph.D. program in economics or are interested in pursuing economics research after graduation, request a faculty adviser.

Departmental Honors

Economics majors and economics joint majors who wish to be considered for departmental honors in economics must:

  1. Have at least a 3.7 GPA in their major courses
  2. Take ECON W4999 Honors thesis workshop (a one-year course)
  3. Receive at least a grade of A- in ECON W4999.

Students must consult and obtain the approval of the departmental undergraduate director in order to be admitted to the workshop. Please note that ECON W4999 may be taken to fulfill the seminar requirement for the economics major and all economics joint majors. Students who wish to write a senior thesis (W4999) must have completed the core major requirements and speak with the director of undergraduate studies in the spring semester of their junior year. Normally no more than 10% of the graduating majors in the department each year may receive departmental honors. Please see the departmental honors section in the department FAQ page for more information.

Undergraduate Prizes

All prize recipients are announced at the end of the spring semester each academic year.

Sanford S. Parker Prize

Established in 1980, this prize is awarded annually to a Columbia College graduating student who majored or concentrated in economics and plans on continuing his or her studies in an economics Ph.D. program within the two years following his or her graduation.

Romine Prize

Established in 1997, this prize is awarded annually to two students (Columbia College or General Studies) majoring in economics: one for the best honors thesis paper, and the other for the best economics seminar paper.

On-Line Information

Students can access useful information on-line, including: a comprehensive FAQ page; requirement changes to the major and concentration; sample programs and checklists; faculty office hours, contact information and fields of specialization; adviser information; teaching assistant information; research assistant opportunities; list of tutors; and Columbia-Barnard Economics Society information.

Undergraduate Requirements

Regulations for all Economics Majors, Concentrators, and Interdepartmental Majors

Economics core courses

All of the core courses must be completed no later than the spring semester of the student’s junior year and must be taken at Columbia. Students who take any core course during the fall semester of their senior year must obtain written permission from the department's director of undergraduate studies.  Unless otherwise specified below all students must complete the following core courses:

  1. ECON W1105 Principles of economics
  2. ECON W3211 Intermediate microeconomics–it is recommended that this course be completed no later than the fall semester of the junior year
  3. ECON W3213 Intermediate macroeconomics–it is recommended that this course be completed no later than the fall semester of the junior year
  4. ECON W3412 Introduction to econometrics

Prerequisites

Course prerequisites are strictly enforced. Prerequisites must be taken before the course, not after or concurrently.

Economics courses taken before the completion of any of its prerequisites, even with instructor approval, are not counted toward the major, concentration, or interdepartmental majors. Exemptions from a prerequisite requirement may only be made, in writing, by the department's director of undergraduate studies. Credits from a course taken prior to the completion of its prerequisites are not counted towards the major requirements. As a consequence, students are required to complete additional, specific courses in economics at the direction of the director of undergraduate studies.

The prerequisites for required courses are as follows:

Course

Prerequisites

ECON W1105 Principles of economics, MATH V1101 Calculus

None

STAT W1211 Introduction to statistics (with calculus)

MATH V1101

ECON W3213 Intermediate macroeconomics

MATH V1101, ECON W1105

ECON W3211 Intermediate microeconomics

MATH V1201, ECON W1105

ECON W3412 Introduction to econometrics

MATH V1201, STAT W1211, ECON W3211 or W3213

ECON 2000-level electives

ECON W1105

ECON W4370 Political economy

ECON W3211, ECON W3213, STAT W1211 or POLS W4910

ECON W4211 Advanced microeconomics

ECON W3211, ECON W3213; MATH V2010;
Corequisites: MATH V2500 or MATH W4061

ECON W4213 Advanced macroeconomics, ECON W4412 Advanced econometrics

ECON W3211, ECON W3213, ECON W3412, MATH V2010

ECON V3025 Financial economics, ECON W4280 Corporate finance, ECON W4020 Economics of uncertainty and information, ECON W4700 Financial crises

ECON W3211, ECON W3213, STAT W1211

ECON W4480 Gender and applied economics

ECON W3211, ECON W3213, ECON W3412

All other ECON 3000- and 4000-level electives

ECON W3211, ECON W3213

Economics Seminars W4911, W4913, W4918

ECON W3211, ECON W3213, ECON W3412

ECON W4921 Political economy seminar

ECON W3211, ECON W3213, ECON W3412 (or POLS W4911), ECON W4370

ECPH W4950 Economics and philosophy seminar

ECON W3211, ECON W3213, STAT W1211

Barnard electives

See Barnard bulletin

It is strongly recommended that students take ECON W3412 Introduction to econometrics in the semester immediately following the completion of the statistics course.

Grading

No course with a grade of D or lower, including calculus and statistics courses, can count toward the major, concentration, or interdepartmental majors. Economics core courses with a grade of D or F must be retaken and completed with a grade of C- or better.

Students who must retake a core course are permitted to take a higher-level elective course that has that core course as a prerequisite if it is taken concurrently with the retaking of that core course. For example, if a student fails ECON W3211 Intermediate microeconomics, the student must retake it and in the same semester may enroll in an elective course for which it is a prerequisite, provided that all other prerequisites for the elective have been completed.  The same rule applies to the required math and statistics courses. For example, if a student fails MATH V1201 Calculus III, the student may retake calculus III concurrently with Intermediate microeconomics. Students who must retake any core economics course may not retake it concurrently with a senior seminar; the economics core courses, ECON W3211, W3213 and W3412 must be successfully completed before a student may enroll in a seminar.

Only ECON W1105 may be taken for a grade of Pass/D/Fail, and the student must receive a grade of P for it to count towards the requirements for the major, concentration, or interdepartmental majors.

The department strictly enforces the rule regarding the grade of UW. In particular, a student who has completed substantial work in a class (for example, taken the midterm) is ineligible for the UW. Students who hope to get a UW must contact the instructor of the class in writing before the midterm to request the grade of UW.

Economics electives

Only those courses identified in the Economics Department listings in this bulletin may be taken for elective credit. All 3000-level or higher electives offered by the Economics Department have ECON W3211 and ECON W3213 as prerequisites. However, some electives have additional prerequisites and students should ensure that all prerequisites have been completed (see the table of prerequisites printed above). Seminars do not count as electives.

Seminars

Seminars can be taken only after all of the required core courses in economics have been completed. ECON W3412 Intro to Econometrics may not be taken or retaken concurrently with a senior seminar. Seminars do not count as electives. Each seminar is limited to sixteen students, with priority given to seniors. For ECON W4921 Political economy seminar and ECON W4950 Economics and philosophy seminar, priority is given to economics–political science and economics-philosophy majors, respectively.

For seminar registration details, read the information posted on the department's Senior Seminar Sign-up page: http://econ.columbia.edu/senior-seminars-sign.

Mathematics

Students must consult with the Mathematics Department for the appropriate placement in the calculus sequence.

Students must complete one of the following sequences:

  1. MATH V1101 and V1201 Calculus I and III
  2. MATH V1207 and V1208 Honors mathematics A and B

In addition:

  1. Students who receive a grade of D or F in MATH V1201 Calculus III must retake the course but may enroll in ECON W3211 Intermediate microeconomics concurrently.
  2. Students who receive a grade of D or F in MATH V1207 Honors mathematics A may either retake the course or take MATH V1201 Calculus III and enroll in ECON W3211 Intermediate microeconomics concurrently.

Statistics

Unless otherwise specified below, all students must take STAT W1211 Introduction to statistics (with calculus), or a higher level course such as SIEO W3600 Introduction to probability and statistics, SIEO W4150 Introduction to probability and statistics, or STAT W4107 Statistical inference.

Barnard courses

A limited number of Barnard economics electives may count toward the major, concentration, and interdepartmental majors. Students should pay careful attention to the limit of Barnard electives indicated in their program requirements. Please see the Transfer Credit section below for information on the number of Barnard electives that may be taken to fulfill major requirements. In addition, students may receive credit for the major, concentration, and interdepartmental majors only for those Barnard economics courses listed in this bulletin. However, students may not receive credit for two courses whose content overlaps. Barnard and Columbia economics electives with overlapping content include but are not limited to:

  1. ECON BC3029 Economic development and W4321 Economic development
  2. ECON BC3038 International monetary theory and W4505 International money and finance
  3. ECON BC3019 Labor economics and W4400 Labor economics
  4. ECON BC3047 International trade and W4500 International trade
  5. ECON BC3039 Environmental and natural resource economics and W4625 Economics of the Environment
  6. ECON BC3041 Theoretical foundations of political economy and G4235 Historical foundations of modern economics

Students should always first consult with econ-advising to confirm that the Barnard elective they wish to take does not overlap with a Columbia elective that they have already taken or plan to take.  Students may not take the Barnard core economics, math, statistics, or seminar courses for credit towards the completion of major requirements.

Continuing Education courses

The Department of Economics does not accept any of the courses offered through the School of Continuing Education for credit towards the economics major, concentration, or interdepartmental majors with the exception of the courses offered by the Economics Department during the summer session at Columbia. 

Other department and school courses

Please note that with the exception of the above Barnard courses and the specific courses listed below for the financial economics major, no other courses offered through the different departments and schools at Columbia count toward the economics majors or concentration.

Transfer credits

Students are required to take a minimum number of courses in the Columbia Economics Department. For all majors and interdepartmental majors other than economics-philosophy major, students must complete a minimum of five lecture courses in the Columbia department. Students in the economics-philosophy major who declared prior to spring 2014 and economics concentration must complete a minimum of four lecture courses. Students in the economics-philosophy major who declare in or after spring 2014 are required to take a minimum of five lecture courses. Students may fulfill their remaining requirements for economics lecture courses through AP (or IB or GCE) credits, Barnard electives, transfer courses, and study abroad courses (the latter two are subject to the approval of the Economics Department). The following table summarizes the new rules:

Program Number of required economics lecture courses Miniumum number which must be taken in the department Maximum number of outside allowed
Economics major 9 5 4
Financial economics 8 5 3
Economics-mathematics 7 5 2
Economics-political science 7 5 2
Economics-statistics
(declared prior to spring 2014)
6 5 1
Economics-statistics
(declared in Spring 2014 and beyond)
7
 5 2
Economics-philosophy
(declared prior to Spring 2014)
5 4 1
Economics-philosophy
(declared in Spring 2014 and beyond)
7 5 2
Economics concentration 7 4 3

 

  1. Lecture courses do not include seminars, which must be taken in the Columbia Economics Department. The lecture course counts are counts of economics courses only and do not include math, statistics, or courses in other departments.
  2. At least two of the three 3000-level economics core courses must be taken in the department and no corresponding Barnard courses are accepted. ECON V3025 and V3265 are counted as departmental courses regardless of the instructor.
  3. Outside courses include AP (or IB or GCE) credits, transfer credits, Barnard 2000- and 3000-level elective courses and transfer credits from other universities. In the case where two or more courses taken outside of Columbia are used as the equivalent of ECON W1105 Principles of economics, those courses are counted as one transfer course.

Approval of transfer credits to fulfill economics requirements must be obtained in writing from the Department of Economics (see the departmental website or speak with your advising dean for information regarding applications for transfer credit). Approval is granted only for courses that are considered to be comparable to those offered at Columbia.

Summer courses taken at other institutions must be approved in writing by the department's transfer credit adviser before the course is taken.  Summer courses taken from the department of economics at Columbia University do not need approval.

Instructions on how to request transfer credit approval can be found in the Transfer Credit Information page of the department’s website.

For a Major in Economics

Please read Regulations all for Economics Majors, Concentrators, and Interdepartmental Majors above.

The economics major requires a minimum of 32 points in economics, 6 points in mathematics, and 3 points in statistics, for a total of 41 points as follows:

  1. Economics core courses (13 points)
  2. Mathematics sequence (6 points)
  3. Statistics (3 points)
  4. Economics electives (15 points)
    • A minimum of five electives, of which no more than one may be taken at the 2000-level (including Barnard courses). 
  5. Economics seminar (4 points)

For a Concentration in Economics

Please read Regulations all for Economics Majors, Concentrators, and Interdepartmental Majors above.

The economics concentration requires a minimum of 22 points in economics, 6 points in mathematics, and 3 points in statistics, for a total of 31 points as follows:

  1. Economics core courses (13 points)
  2. Mathematics sequence (6 points)
  3. Statistics (3 points)
  4. Economics electives (9 points)
    • A minimum of three electives, of which no more than one may be taken at the 2000-level (including Barnard courses).

For a Major in Financial Economics

Please read Regulations all for Economics Majors, Concentrators, and Interdepartmental Majors above.

The Department of Economics, in collaboration with the Business School, offers the major in financial economics, which provides an academic framework to explore the role of financial markets and intermediaries in the allocation (and misallocation) of capital. Among the topics studied in financial economics are financial markets, banks and other financial intermediaries, asset valuation, portfolio allocation, regulation and corporate governance.
   The financial economics major requires 23 points in economics, 6 points in mathematics, 3 points in statistics, 3 points in business, and 12 points from a list of selected courses for a total of 47 points as follows:

  1. Economics core courses (13 points)
  2. Finance core courses (9 points). Students must complete the finance core no later than fall of their senior year.
  3. Mathematics sequence (6 points) see the mathematics requirement for the major
  4. Statistics (3 points) see the statistics requirement for the major
  5. Electives (12 points)
  6. Seminar (4 points)
    • The seminar must be chosen from a list of seminars eligible for the financial economics major. The department indicates which seminars are eligible for the major on the Senior Seminars page of the departmental website.
    • Students must have completed at least one of ECON V3025 or W4280 prior to taking their senior seminar.

For a Major in Economics-Mathematics

Please read Regulations all for Economics Majors, Concentrators, and Interdepartmental Majors above.

The major in economics and mathematics provides students with a grounding in economic theory comparable to that provided by the general economics major and exposes students to rigorous and extensive training in mathematics. The program is recommended for any student planning to do graduate work in economics.

The Department of Economics has graduate student advisers with whom students may consult on economics requirements. The Department of Mathematics has an assigned adviser with whom students may consult on mathematics requirements. The economics adviser can only advise on economics requirements; the mathematics adviser can only advise on mathematics requirements.

The economics-mathematics major requires a total of 53 points: 26 points in economics and 27 points in mathematics and statistics as follows:

  1. Economics core courses (13 points)
  2. Economics electives (9 points)
    • Three electives at the 3000-level or above
  3. Mathematics (24 points)
    • One of the following sequences:
    • MATH V2500 Analysis and optimization
    • Choose any three electives in mathematics from the following list:
      • MATH E1210 Ordinary differential equations
      • MATH V1202 Calculus IV
      • Any mathematics course at the 3000-level or above
  4. Statistics (3 points)
  5. Economics seminar (4 points)

NOTE: (1) Students who fulfill the statistics requirement with STAT W3105 and STAT W3107, or with SIEO W4105 and STAT W4107, may count STAT W3105 or SIEO W4105 as one of the three required mathematics electives.  (2) Students who choose either of the one year sequence (W3105/W3107 or W4105/W4107), must complete the year long sequence prior to taking W3412 Econometrics. Students receive elective credit for the probability course.

For a Major in Economics-Philosophy

Please read Regulations all for Econonmics Majors, Concentrators, and Interdepartmental Majors above.

Economics-philosophy is an interdisciplinary major that introduces students to basic methodologies of economics and philosophy and stresses areas of particular concern to both, e.g. rationality and decision making, justice and efficiency, freedom and collective choice, logic of empirical theories and testing. Many issues are dealt with historically. Classic texts of Plato, Kant, Mill, Marx, and Smith are reviewed.
   The Department of Economics has graduate student advisers with whom students may consult on economics requirements. The Department of Philosophy has an assigned adviser with whom students may consult on philosophy requirements. The economics adviser can only advise on economics requirements; the philosophy adviser can only advise on philosophy requirements.

Students who declared prior to Spring 2014:

The economics-philosophy major requires a total of 44 points: 16 points in economics, 15 points in philosophy, 6 points in mathematics, 3 points in statistics, and 4 points in the interdisciplinary seminar as follows:

  1. Economics core courses (10 points)
  2. Mathematics sequence (6 points)
  3. Statistics (3 points)
  4. Economics electives (6 points)
  5. Philosophy courses (15 points)
    • PHIL C1010 Methods and problems of philosophical thought
    • PHIL V3411 Symbolic logic
    • PHIL V3701 Moral philosophy (or another adviser-approved course in moral or political philosophy)
    • PHIL W3551 (or another adviser-approved course in epistemology or philosophy of science)
    • One of the following:
  6. Seminar (4 points)
    • ECPH W4950 Economics and philosophy seminar (or another seminar in philosophy or economics approved by advisers in both departments)

Students who declare in Spring 2014 and beyond:

In addition to the above requirements, students are required to take:

  • ECON W3412 Intro to Econometrics
  • A third economics elective; 2 of 3 electives must be from prescribed list above, and remaining economics elective may be any elective at 3000-level or above.

For a Major in Economics–Political Science

Please read Regulations all for Economics Majors, Concentrators, and Interdepartmental Majors above.

Political economy is an interdisciplinary major that introduces students to the methodologies of economics and political science and stresses areas of particular concern to both. This program is particularly beneficial to students planning to do graduate work in schools of public policy and international affairs.

The Department of Economics has graduate student advisers with whom students may consult on economics requirements. The Department of Political Science has an assigned adviser with whom students may consult on political science requirements. The economics adviser can only advise on economics requirements; the political science adviser can only advise on political science requirements.

Students who declared prior to Spring 2014:

The economics–political science major requires a total of 54 points: 19 points in economics, 15 points in political science, 6 points in mathematics, 6 points in statistical methods, 4 points in a political science seminar, and 4 points in the interdisciplinary seminar as follows. The political science courses are grouped into three areas: (1) American politics, (2) comparative politics, and (3) international relations. For the political science part of the major, students are required to select one area as a major field and one as a minor field. The corresponding introductory courses in both fields must be taken, plus two electives in the major, and one in the minor field.

  1. Economics core courses (13 points)
  2. Mathematics sequence (6 points)
  3. Statistical methods (6 points)
    • One of the following:
      • ECON W3412 Introduction to econometrics and one of the statistics courses listed under Regulations all for Economics Majors, Concentrators, and Interdepartmental Majors.
      • POLS W4911 Analysis of political data and one of the statistics course listed under Regulations all for Economics Majors, Concentrators, and Interdepartmental Majors or POLS W4910 Principles of quantitative political research.
  4. Economics electives (6 points)
    • Two electives at the 3000-level or above
  5. Political science courses (15 points)
    • Major subfield: 9 points, including the introductory course, all in one of the three subfields of American politics, comparative politics, or international relations, coordinated with the economics electives and approved in advance by the adviser
    • Minor subfield: 6 points of courses, including the introductory course in another subfield, coordinated with the economics electives and approved by the adviser
  6. Seminars (8 points)
    • A Political Science Department seminar, to be approved in advance by the adviser, in major subfield.
    • ECON W4921 Seminar in political economy

NOTE: POLS W4910 is not equivalent to STAT W1211 and as such cannot be used to fulfill the prerequisite requirements of courses that require STAT W1211 such as ECON W3412, ECON V3025, ECON W4280 and ECON W4020.

Students who declare in Spring 2014 and beyond

In addition to the above requirements, students are required to take STAT W1211 to satisfy the statistics requirement. POLS W4910 will no longer be an accepted alternative course for the statistics requirement. Students will still have the option to take ECON W3412 or POLS W4911 to complete the statistical methods requirement.

For a Major in Economics-Statistics

Please read Regulations all for Economics Majors, Concentrators, and Interdepartmental Majors above.

The major in economics-statistics provides students with a grounding in economic theory comparable to that provided by the general economics major, but also exposes students to a significantly more rigorous and extensive statistics training than is provided by the general major. This program is recommended for students with strong quantitative skills and for those contemplating graduate studies in economics.

The Department of Economics has graduate student advisers with whom students may consult on economics requirements. The Department of Statistics has an assigned adviser with whom students may consult on statistics requirements. The economics adviser can only advise on economics requirements; the statistics adviser can only advise on statistics requirements.

Students who declared prior to Spring 2014:

The economics-statistics major requires a total of 53 points: 23 in economics, 15 points in statistics, 12 points in mathematics, 3 points in computer science as follows:

  1. Economics core courses (13 points)
  2. Economics electives (6 points)
    • Two electives at the 3000-level or above
  3. Mathematics (12 points)
  4. Statistics (15 points)
  5. Computer science (3 points)
    • One of the following:
      • COMS W1003 Introduction to computer science and programming in C
      • COMS W1004 (preferred) Introduction to computer science and programming in JAVA
      • COMS W1005 Introduction to computer science and programming in MATLAB
      • COMS W1007 Object-oriented programming and design in JAVA

Students who declare in Spring 2014 and beyond:

In addition to the above requirements, students are required to take:

  1. A third elective at the 3000-level or above (bringing the total to 3)

ECON W1105x and y Principles of Economics 4 pts. Corequisites: ECON W1155 recitation section with the same instructor. How a market economy determines the relative prices of goods, factors of production, and the allocation of resources and the circumstances under which it does it efficiently. Why such an economy has fluctuations and how they may becontrolled. Recitation Section Required.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W1105
ECON
1105
70993
001
MW 8:40a - 9:55a
501 SCHERMERHORN HALL
S. Gulati 198 / 220 [ More Info ]
ECON
1105
27365
002
TuTh 11:40a - 12:55p
309 HAVEMEYER HALL
C. Musatti 192 / 200 [ More Info ]
ECON
1105
72182
003
MW 4:10p - 5:25p
207 MATHEMATICS BUILDING
N. Zaniboni 132 / 189 [ More Info ]
Autumn 2014 :: ECON W1105
ECON
1105
16238
001
TuTh 8:40a - 9:55a
501 SCHERMERHORN HALL
S. Gulati 92 / 210 [ More Info ]
ECON
1105
76806
002
TuTh 11:40a - 12:55p
TBA
C. Musatti 111 / 189 [ More Info ]
ECON
1105
10052
003
MW 4:10p - 5:25p
TBA
B. Salanie 38 / 189 [ More Info ]

ECON V2029x FED Challenge Workshop 1 pt. Prerequisites: ECON W1105 The workshop prepares students to compete in the annual College Fed Challenge sponsored by the Federal Reserve. Topics covered include macroeconomic and financial conditions, monetary policy, financial stability and the Federal Reserve System.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON V2029
ECON
2029
76596
001
W 6:10p - 8:00p
TBA
S. Amarnath
S. Davidson
22 [ More Info ]

ECON W2105x The American Economy Prerequisites: ECON W1105 The course surveys issues of interest in the American economy, including economic measurement, well-being and income distribution, business cycles and recession, the labor and housing markets, saving and wealth, fiscal policy, banking and finance, and topics in central banking. We study historical issues, institutions, measurement, current performance and recent research.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON W2105
ECON
2105
62640
001
MW 1:10p - 2:25p
TBA
S. Davidson 65 / 65 [ More Info ]

ECON W2257y Global Economy 3 pts. Prerequisites: ECON W1105. Covers five areas within the general field of international economics: (i) microeconomic issues of why countries trade, how the gains from trade are distributed, and protectionism; (ii) macroeconomic issues such as exchange rates, balance of payments and open economy macroeconomic adjustment, (iii) the role of international institutions (World Bank, IMF, etc); (iv) economic development and (v) economies in transition.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W2257
ECON
2257
23529
001
MW 11:40a - 12:55p
501 SCHERMERHORN HALL
S. Gulati 178 / 220 [ More Info ]

ECON W2290x India in Transition 3 pts.Not offered in 2014-2015. Prerequisites: ECON W1105 This course focuses on the growth and development of the Indian economy from the late 16th century to the present, and considers the changes as the region came in contact with the global economy. The course begins with the transition from the Mughal empire to the British and the experience of colonial rule. The course will then turn to the experience of post-independence India and the subsequent changes in the economy. There will be particular emphasis on the service sector led growth of recent years.

ECON V3025x and y Financial Economics 3 pts. Prerequisites: ECON W3211, W3213 and STAT W1211. Institutional nature and economic function of financial markets. Emphasis on both domestic and international markets (debt, stock, foreign exchange, eurobond, eurocurrency, futures, options, and others). Principles of security pricing and portfolio management; the Capital Asset Pricing Model and the Efficient Markets Hypothesis.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON V3025
ECON
3025
08879
001
MW 10:10a - 11:25a
405 MILBANK HALL
R. Sethi 101 / 104 [ More Info ]
ECON
3025
98597
002
TuTh 10:10a - 11:25a
203 MATHEMATICS BUILDING
S. Davidson 93 / 100 [ More Info ]
Autumn 2014 :: ECON V3025
ECON
3025
70231
001
TuTh 11:40a - 12:55p
TBA
S. Davidson 110 / 110 [ More Info ]
ECON
3025
07392
002
MW 10:10a - 11:25a
TBA
R. Sethi 100 / 100 [ More Info ]

ECON W3211x and y Intermediate Microeconomics 3 pts. Prerequisites: ECON W1105 or the equivalent; MATH V1101, MATH V1201(or Math V1207). The determination of the relative prices of goods and factors of production and the allocation of resources.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W3211
ECON
3211
63329
001
TuTh 10:10a - 11:25a
209 HAVEMEYER HALL
P. Ortoleva 82 / 86 [ More Info ]
ECON
3211
12870
002
TuTh 1:10p - 2:25p
428 PUPIN LABORATORIES
J. Vogel 78 / 115 [ More Info ]
ECON
3211
11352
003
MW 4:10p - 5:25p
501 SCHERMERHORN HALL
S. Elmes 100 / 125 [ More Info ]
ECON
3211
72366
004
TuTh 2:40p - 3:55p
903 SCHOOL OF SOCIAL WORK
J. Vogel 32 / 50 [ More Info ]
Autumn 2014 :: ECON W3211
ECON
3211
22562
001
MW 2:40p - 3:55p
TBA
S. Elmes 86 / 86 [ More Info ]
ECON
3211
20570
002
MW 8:40a - 9:55a
TBA
P. Dutta 86 / 86 [ More Info ]
ECON
3211
62951
003
TuTh 2:40p - 3:55p
TBA
J. Vogel 46 / 86 [ More Info ]

ECON W3213x and y Intermediate Macroeconomics 3 pts. Prerequisites: ECON W1105 or the equivalent; MATH V1101 or MATH V1207. This course covers the determination of output, employment, inflation and interest rates. Topics include economic growth, business cycles, monetary and fiscal policy, consumption and savings and national income accounting.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W3213
ECON
3213
28353
001
TuTh 10:10a - 11:25a
136 THOMPSON HALL (TC)
J. Steinsson 98 / 120 [ More Info ]
ECON
3213
73115
002
MW 8:40a - 9:55a
702 HAMILTON HALL
M. Uribe 60 / 86 [ More Info ]
ECON
3213
15011
003
MW 10:10a - 11:25a
702 HAMILTON HALL
M. Uribe 70 / 86 [ More Info ]
Autumn 2014 :: ECON W3213
ECON
3213
11141
001
MW 4:10p - 5:25p
TBA
R. Reis 70 / 110 [ More Info ]
ECON
3213
66589
002
MW 1:10p - 2:25p
417 INTERNATIONAL AFFAIRS BLDG
X. Sala-I-Martin 260 / 300 [ More Info ]

ECON V3265x and y Economics of Money and Banking 3 pts. Prerequisites: ECON W3211 and W3213. Introduction to the principles of money and banking. The intermediary institutions of the American economy and their historical developments, current issues in monetary and financial reform.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON V3265
ECON
3265
63500
001
MW 1:10p - 2:25p
310 FAYERWEATHER
J. La'O 67 / 100 [ More Info ]

ECON W3412x and y Introduction To Econometrics 3 pts. Prerequisites: ECON W3211 or W3213; STAT W1211 or SIEO W4150; and MATH V1201 or V1207. Modern econometric methods; the general linear statistical model and its extensions; simultaneous equations and the identification problem; time series problems; forecasting methods; extensive practice with the analysis of different types of data.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W3412
ECON
3412
63707
001
TuTh 11:40a - 12:55p
717 HAMILTON HALL
S. Olley 69 / 86 [ More Info ]
ECON
3412
76676
002
MW 2:40p - 3:55p
717 HAMILTON HALL
J. Bai 70 / 86 [ More Info ]
ECON
3412
16767
003
MW 5:40p - 6:55p
602 HAMILTON HALL
R. Miller 48 / 70 [ More Info ]
Autumn 2014 :: ECON W3412
ECON
3412
18612
001
MW 1:10p - 2:25p
TBA
S. Arkonac 86 / 86 [ More Info ]
ECON
3412
23901
002
TuTh 1:10p - 2:25p
TBA
S. Arkonac 86 / 86 [ More Info ]
ECON
3412
60705
003
TuTh 8:40a - 9:55a
TBA
Instructor To Be Announced 39 / 86 [ More Info ]

ECON W4020y Economics of Uncertainty and Information 3 pts. Prerequisites: ECON W3211, W3213 and STAT W1211. Topics include behavior uncertainty, expected utility hypothesis, insurance, portfolio choice, principle agent problems, screening and signaling, and information theories of financial intermediation.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4020
ECON
4020
64096
001
TuTh 2:40p - 3:55p
301 PUPIN LABORATORIES
P. Chiappori 80 / 120 [ More Info ]

ECON W4080x Globalization, Incomes and Inequality 3 pts.Not offered in 2014-2015. Prerequisites: ECON W3211 and W3213 Considers how trade and other forms of economic integration redistribute income (and employment) within and between countries. Focuses on issues central to the discussion of the growth of U.S. wage inequality because of its inherent interest and because this discussion has been developed most fully in the literature and provides insight to many other cases.

ECON W4211y Advanced Microeconomics 3 pts. Prerequisites: ECON W3211, W3213, and MATH V2010. Corequisites: MATH V2500 or MATH W4061. The course provides a rigorous introduction to microeconomics. Topics will vary with the instructor but will include consumer theory, producer theory, general equilibrium and welfare, social choice theory, game theory and information economics. This course is strongly recommended for students considering graduate work in economics.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4211
ECON
4211
19901
001
MW 11:40a - 12:55p
413 KENT HALL
S. Elmes 20 [ More Info ]

ECON W4213x Advanced Macroeconomics 3 pts. Prerequisites: ECON W3211, W3213, W3412 and MATH V2010. An introduction to the dynamic models used in the study of modern macroeconomics. Applications of the models will include theoretical issues such as optimal lifetime consumption decisions and policy issues such as inflation targeting. This course is strongly recommended for students considering graduate work in economics.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON W4213
ECON
4213
69969
001
MW 2:40p - 3:55p
TBA
I. Alonso 35 [ More Info ]

ECON W4228x Urban Economics 3 pts.Not offered in 2014-2015. Prerequisites: ECON W3211 and W3213. Congestion and other games, and the pricing of transit services. Location theory and land rents. Segregation and discrimination. The fiscal structure of American cities. Zoning and the taking issue. Abandonment and city-owned property. Economic development, abatements, subsidies, and eminent domain. Crime, deadweight losses, and the allocation of police services.

ECON W4230x Economics of New York City 3 pts. Prerequisites: ECON W3211, W3213 and STAT W1211 This course takes New York as our laboratory. Economics is about individual choice subject to constraints and the ways that choices sum up to something often much more than the parts. The fundamental feature of any city is the combination of those forces that bring people together and those that push them apart. Thus both physical and social space will be central to our discussions. The underlying theoretical and empirical analysis will touch on spatial aspects of urban economics, regional, and even international economics. We will aim to see these features in New York City taken as a whole, as well as in specific neighborhoods of the city. We will match these theoretical and empirical analyses with readings that reflect close observation of specific subjects. The close observation is meant to inspire you to probe deeply into a topic in order that the tools and approaches of economics may illuminate these issues in a fresh way.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON W4230
ECON
4230
61416
001
TuTh 10:10a - 11:25a
TBA
D. Davis 82 / 86 [ More Info ]

ECON G4235y Historical Foundations of Modern Economics: Adam Smith to J.M. Keynes 3 pts. Prerequisites: ECON W3211 and W3213. A survey of some of the major intellectual developments that have created the discipline of economics. Particular attention to the works of Adam Smith, Alfred Marshall, Irving Fisher, and J. M. Keynes.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON G4235
ECON
4235
02473
001
Tu 6:10p - 8:00p
202 ALTSCHUL HALL
A. Burgstaller 53 / 60 [ More Info ]

ECON W4251x Industrial Organization 3 pts. Prerequisites: ECON W3211 and W3213. The study of industrial behavior based on game-theoretic oligopoly models. Topics include pricing models, strategic aspects of business practice, vertical integration, and technological innovation.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4251
ECON
4251
12049
001
TuTh 4:10p - 5:25p
517 HAMILTON HALL
K. Ho 66 / 86 [ More Info ]
Autumn 2014 :: ECON W4251
ECON
4251
26411
001
TuTh 11:40a - 12:55p
TBA
S. Olley 50 / 86 [ More Info ]

Please note that this course is not open to engineering students; they are allowed to take the equivalent corporate finance course, BUSI W3003, at the School of Continuing Education.

ECON W4280x and y Corporate Finance 3 pts. Prerequisites: ECON W3211, W3213 and STAT W1211. An introduction to the economics principles underlying the financial decisions of firms. The topics covered include bond and stock valuations, capital budgeting, dividend policy, market efficiency, risk valuation and risk management.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4280
ECON
4280
19031
001
MW 11:40a - 12:55p
417 MATHEMATICS BUILDING
E. Breza 61 / 64 [ More Info ]
ECON
4280
67035
002
TuTh 4:10p - 5:25p
410 INTERNATIONAL AFFAIRS BLDG
T. Dang 75 / 69 [ More Info ]
Autumn 2014 :: ECON W4280
ECON
4280
12800
001
TuTh 1:10p - 2:25p
TBA
A. Hertzberg 31 / 40 [ More Info ]
ECON
4280
73883
002
TuTh 4:10p - 5:25p
TBA
T. Dang 40 / 40 [ More Info ]

ECON G4301x Economic Growth and Development 3 pts. Prerequisites: ECON W3211 and W3213. Empirical findings on economic development, theoretical development models; problems of efficient resource allocation in a growing economy; balanced and unbalanced growth in closed and open economic systems; the role of capital accumulation and innovation in economic growth.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON G4301
ECON
4301
14636
001
Tu 2:10p - 4:00p
TBA
X. Sala-I-Martin 70 / 70 [ More Info ]

ECON W4308 Comparative Economic History of the Americas 3 pts.Not offered in 2014-2015. Prerequisites: Econ W3211 and W3213 A visiting faculty member to the Institute for Latin American Studies will offer a course on the economic history of the Americas. The course examines the evolution of the economic structure and economic performance of the Americas from the Colonial times until the most recent past. The course will be carried out in chronological order, comparing North America and Latin America as a whole and sub regions within the larger regions: Canada and the United States in North America and México, Central America, the Caribbean, the Andes, Brazil and the Southern Cone in Latin America. Econ-philosophy joint majors and Financial Economics majors may not take this course for elective credit.

ECON W4321y Economic Development 3 pts. Prerequisites: ECON W3211 and W3213. Historical comparative examination of the economic development problems of the less developed countries; the roles of social institutions and human resource development; the functions of urbanization, rural development, and international trade.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4321
ECON
4321
77022
001
MW 2:40p - 3:55p
413 KENT HALL
C. Musatti 52 / 71 [ More Info ]

ECON W4325x Economic Organization and Development of Japan 3 pts. Prerequisites: ECON W3211 and W3213. The growth and structural changes of the post-World War II economy; its historical roots; interactions with cultural, social, and political institutions; economic relations with the rest of the world.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON W4325
ECON
4325
68378
001
TuTh 8:40a - 9:55a
TBA
E. Lincoln 110 / 110 [ More Info ]

ECON W4370x Political Economy 3 pts. Prerequisites: ECON W3211, W3213; STAT W1211 or POLS W4910. The course studies the interaction between government and markets. The first part discusses market failures and the scope and limits of government intervention, including the use of modified market-type tools (for example, cap-and-trade regulations for pollution). The second part discusses collective decision-making, in particular voting and its properties and pathologies. The final part discusses economic inequality and government's role in addressing it.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON W4370
ECON
4370
72869
001
MW 8:40a - 9:55a
TBA
A. Casella 71 / 86 [ More Info ]

ECON W4400x Labor Economics 3 pts.Not offered in 2014-2015. Prerequisites: ECON W3211 and W3213. The labor force and labor markets, educational and man power training, unions and collective bargaining, mobility and immobility, sex and race discrimination, unemployment.

ECON W4412x Advanced Econometrics 3 pts. Prerequisites: Econ W3211, W3213, W3412, Math V2010 The linear regression model will be presented in matrix form and basic asymptotic theory will be introduced. The course will also introduce students to basic time series methods for forecasting and analyzing economic data. Students will be expected to apply the tools to real data.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON W4412
ECON
4412
28166
001
MW 1:10p - 2:25p
TBA
S. Ng 27 / 40 [ More Info ]

ECON W4413y Econometrics of Time Series and Forecasting 3 pts. Prerequisites: W3211, W3213, W3412 Corequisites: MATH V2010 This course focuses on the application of econometric methods to time series data; such data is common in the testing of macro and financial economics models. It will focus on the application of these methods to data problems in macro and finance.

ECON W4415x and y Game Theory 3 pts. Prerequisites: ECON W3211 and W3213. Introduction to the systematic treatment of game theory and its applications in economic analysis.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4415
ECON
4415
71321
001
MW 6:10p - 7:25p
428 PUPIN LABORATORIES
B. Ho 81 / 120 [ More Info ]
Autumn 2014 :: ECON W4415
ECON
4415
73216
001
MW 10:10a - 11:25a
TBA
P. Dutta 86 / 86 [ More Info ]

ECON W4438x Economics of Race in the U.S. 3 pts. Prerequisites: ECON W3211 and W3213. ECON W4400 is strongly recommended. What differences does race make in the U.S. economy? Why does it make these differences? Are these differences things we should be concerned about? If so, what should be done? Examines labor markets, housing markets, capital markets, crime, education, and the links among these markets. Both empirical and theoretical contributions are studied.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON W4438
ECON
4438
74983
001
TuTh 4:10p - 5:25p
TBA
B. O'Flaherty 45 [ More Info ]

ECON W4465x Public Economics 3 pts. Prerequisites: ECON W3211 and W3213. Types of market failures and rationales for government intervention in the economy. Benefit-cost analysis and the theory of public goods. Positive and normative aspects of taxation. The U.S. tax structure.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4465
ECON
4465
66530
001
MW 1:10p - 2:25p
717 HAMILTON HALL
W. Kopczuk 63 / 86 [ More Info ]
Autumn 2014 :: ECON W4465
ECON
4465
23131
001
MW 2:40p - 3:55p
TBA
W. Kopczuk 49 / 86 [ More Info ]

ECON W4480x Gender and Applied Economics 3 pts. Prerequisites: ECON W3211, W3213 This course studies gender gaps, their extent, determinants and consequences. The focus will be on the allocation of rights in different cultures and over time, why women's rights have typically been more limited and why most societies have traditionally favored males in the allocation of resources.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON W4480
ECON
4480
71341
001
TuTh 1:10p - 2:25p
TBA
L. Edlund 29 [ More Info ]

ECON W4500x International Trade 3 pts. Prerequisites: ECON W3211 and W3213. The theory of international trade, comparative advantage and the factor endowments explanation of trade, analysis of the theory and practice of commercial policy, economic integration. International mobility of capital and labor; the North-South debate.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON W4500
ECON
4500
72302
001
TuTh 5:40p - 6:55p
TBA
Instructor To Be Announced 26 [ More Info ]

ECON W4505y International Monetary Theory and Policy 3 pts. Prerequisites: ECON W3211 and W3213. Introduction to monetary problems in international trade. Topics include macroeconomics of the open economy under fixed and flexible exchange rates, international adjustment under the gold standard, monetary problems of the interwar period, the Breton Woods agreement, transition to flexible exchange rates, planned reforms of the international monetary system andthe Eurocurrency markets.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4505
ECON
4505
60900
001
MW 8:40a - 9:55a
428 PUPIN LABORATORIES
S. Schmitt-Grohe 64 / 120 [ More Info ]

ECON G4526y Transition Reforms, Globalization and Financial Crisis 3 pts.Not offered in 2014-2015. Prerequisites: ECON W3211 and W3213. Covers reform issues in transition economies such as price liberalizatin, currency reform, asset privatization, macroeconomic stabilization, trade liberalization and exchange rate policies, and foreign resource flows with suitable examples from the experience of the transition economies of Russia, the post-Soviet states, East-central Europe, China and Vietnam.

ECON G4527y Economic Organization and Development of China 3 pts. Prerequisites: ECON W3211 and W3213. An analytical survey of the economic organization of China, with reference to population and land resources, agriculture, industries, transportation, trade, and finance. The social and cultural forces affecting economic development.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON G4527
ECON
4527
22229
001
Tu 4:10p - 6:00p
413 KENT HALL
C. Riskin 40 / 40 [ More Info ]

ECON W4615y Law and Economics 3 pts. Prerequisites: ECON W3211 and W3213. The course is intended to provide an economic framework for understanding the law and legal institutions. Topics covered include property law, contract theory and torts.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4615
ECON
4615
26617
001
MW 4:10p - 5:25p
413 KENT HALL
Y. Che 26 / 70 [ More Info ]

ECON W4625y Economics of the Environment 3 pts. Prerequisites: ECON W3211 and W3213. Microeconomics is used to study who has an incentive to protect the environment. Government's possible and actual role in protecting the environment is explored. How do technological change, economic development, and free trade affect the environment? Emphasis on hypothesis testing and quantitative analysis of real-world policy issues.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4625
ECON
4625
27800
001
TuTh 11:40a - 12:55p
413 KENT HALL
S. Avila 46 / 71 [ More Info ]

ECON W4700x Financial Crises 3 pts. Prerequisites: ECON W3211, W3213 and STAT W1211 This course uses economic theory and empirical evidence to study the causes of financial crises and the effectiveness of policy responses to these crises. Particular attention will be given to some of the major economic and financial crises in the past century and to the crisis that began in August 2007.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON W4700
ECON
4700
10251
001
MW 11:40a - 12:55p
TBA
J. Scheinkman 80 / 80 [ More Info ]

ECON W4750x Globalization and Its Risks 3 pts. Prerequisites: Econ W3211 and W3213. The world is being transformed by dramatic increases in flows of people, goods and services across nations. Globalization has the potential for enormous gains but is also associated to serious risks. The gains are related to international commerce where the industrial countries dominate, while the risks involve the global environment, poverty and the satisfaction of basic needs that affect in great measure the developing nations. Both are linked to a historical division of the world into the North and the South-the industrial and the developing nations. Key to future evolution are (1) the creation of new markets that trade privately produced public goods, such as knowledge and greenhouse gas emissions, as in the Kyoto Protocol; (2) the updating of the Breton Woods Institutions, including the creation of a Knowledge Bank and an International Bank for Environmental Settlements.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Autumn 2014 :: ECON W4750
ECON
4750
12762
001
MW 5:40p - 6:55p
TBA
G. Chichilnisky 52 [ More Info ]

ECON W4911x and y Seminar In Microeconomics 4 pts. Prerequisites: ECON W3211, W3213, W3412 and sign-up in the department office. Selected topics in microeconomics. Selected topics will be posted on the department webpage.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4911
ECON
4911
11749
000
TBA S. Elmes 0 [ More Info ]
ECON
4911
22758
001
Th 9:00a - 10:50a
1027 INTERNATIONAL AFFAIRS BLDG
W. MacLeod 7 / 16 [ More Info ]
ECON
4911
20108
002
Tu 4:10p - 6:00p
1102 INTERNATIONAL AFFAIRS BLDG
N. Kartik 4 / 16 [ More Info ]
ECON
4911
15640
003
M 4:10p - 6:00p
1102 INTERNATIONAL AFFAIRS BLDG
J. Bhagwati 16 / 16 [ More Info ]
ECON
4911
29691
004
Tu 11:00a - 12:50p
1102 INTERNATIONAL AFFAIRS BLDG
T. Dang 16 / 16 [ More Info ]
ECON
4911
16370
005
W 4:10p - 6:00p
1027 INTERNATIONAL AFFAIRS BLDG
B. Chang 15 / 16 [ More Info ]
ECON
4911
10505
006
Th 4:10p - 6:00p
1102 INTERNATIONAL AFFAIRS BLDG
M. Neal 15 / 16 [ More Info ]
ECON
4911
98548
007
Tu 2:10p - 4:00p
1027 INTERNATIONAL AFFAIRS BLDG
A. Casella 4 / 16 [ More Info ]
Autumn 2014 :: ECON W4911
ECON
4911
15300
000
TBA S. Elmes 165 [ More Info ]
ECON
4911
72904
001
Tu 4:10p - 6:00p
TBA
S. Gulati 0 / 16 [ More Info ]
ECON
4911
71049
002
W 2:10p - 4:00p
TBA
G. Chichilnisky 0 / 16 [ More Info ]
ECON
4911
67571
003
Tu 11:00a - 12:50p
TBA
T. Dang 0 / 16 [ More Info ]
ECON
4911
75529
004
M 2:10p - 4:00p
TBA
C. Musatti 0 / 16 [ More Info ]
ECON
4911
63925
005
M 4:10p - 6:00p
TBA
M. Riordan 0 / 16 [ More Info ]
ECON
4911
18583
006
M 6:10p - 8:00p
TBA
P. Dutta 0 / 15 [ More Info ]

ECON W4913x and y Seminar In Macroeconomics 4 pts. Prerequisites: ECON W3211, W3213, W3412 and sign-up in the department office. Selected topics in macroeconomics. Selected topics will be posted on the department webpage.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4913
ECON
4913
16778
001
M 2:10p - 4:00p
1102 INTERNATIONAL AFFAIRS BLDG
E. Phelps 15 / 16 [ More Info ]
ECON
4913
25000
002
Tu 7:00p - 8:50p
1027 INTERNATIONAL AFFAIRS BLDG
M. Roca 16 / 16 [ More Info ]
ECON
4913
64666
003
M 11:00a - 12:50p
1027 INTERNATIONAL AFFAIRS BLDG
S. Davidson 12 / 16 [ More Info ]
Autumn 2014 :: ECON W4913
ECON
4913
70940
001
TBA Instructor To Be Announced 0 / 16 [ More Info ]
ECON
4913
74193
002
Tu 9:00a - 10:50a
TBA
R. Clarida 0 / 16 [ More Info ]
ECON
4913
26711
003
M 9:00a - 10:50a
TBA
Instructor To Be Announced 0 / 16 [ More Info ]

ECON W4918x and y Seminar In Econometrics 4 pts. Prerequisites: ECON 3211, W3213, W3412, and sign-up in the department office. Analyzing data in a more in-depth fashion than in ECON W3412. Additional estimation techniques include limited dependent variable and simultaneous equation models.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4918
ECON
4918
25789
001
W 2:10p - 4:00p
1027 INTERNATIONAL AFFAIRS BLDG
S. Arkonac 11 / 16 [ More Info ]
Autumn 2014 :: ECON W4918
ECON
4918
28281
001
Th 6:10p - 8:00p
TBA
E. Moench 0 / 16 [ More Info ]

ECPS W4921y Seminar In Political Economy 4 pts. Prerequisites: ECON W3211, W3213, W3412 (or POLS W4911), W4370, and sign-up in the Economics Department office. Priority will be given to economics-political science majors who are in his/her senior year. Required for majors in the joint program between political science and economics. Preference is given to economics-political science majors, but any available space is open to students who have taken the elective course in political economy. Provides a forum in which students can integrate the economics and political science approach to political economy. The theoretical tools learned in political economy are applied: the analysis of a historical episode and the empirical relation between income distribution and politics on one side and growth on the other.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECPS W4921
ECPS
4921
16824
001
M 4:10p - 6:00p
711 INTERNATIONAL AFFAIRS BLDG
M. Morelli 12 / 16 [ More Info ]

ECON W4950y Economics and Philosophy Seminar 4 pts. Prerequisites: Econ W3211, W3213, Stat W1211. Priority will be given to economics-philosophy majors who are in his/her senior year. Students will be contacted by the Economics department for pre-enrollment. Explores topics in the philosophy of economics such as welfare, social choice, and the history of political economy. Sometimes the emphasis is primarily historical and someimes on analysis of contemporary economic concepts and theories.

The research course may NOT be used as an elective.

ECON W4996x and y Research Course 1-2 pts. Prerequisites: permission of the director of undergraduate studies. Provides students with the experience of participating in the research process by matching them to a faculty mentor who will put them to work on one of his or her current research projects. Two initial lectures on research methods are provided and the rest of the time the student works under the guidance of his or her professor. Arrangement for this course should be completed the term before registering through consultation with the departmental representative and the professor. Please note that students can earn no more than a total of 6 research credits in economics.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4996
ECON
4996
96999
001
TBA S. Elmes 21 [ More Info ]

The independent study course may NOT be used as an elective.

ECON W4997x-W4998y Independent Study 1-4 pts. Prerequisites: Permission of the director of undergraduate studies.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4998
ECON
4998
61898
001
TBA S. Elmes 2 [ More Info ]

The Senior Honors Thesis fulfills the economics seminar requirement for the economics major and joint majors. Please note that for those joint majors that require two seminars, one in economics and one in the other discipline (i.e., Political Science), the economics senior honors thesis seminar only fulfills the economics seminar requirement.

ECON W4999x and y Senior Honors Thesis 6 pts. 3 pts per semester Prerequisites: ECON W3211, W3213, W3412, Permission of the director of the departmental honors program; in addition, students must have a minimum gpa of 3.7 in all required courses (including calculus and statistics) for their major or concentration prior to enrollment. The honors thesis seminar is a year long course, beginning in the fall semester and ending in the spring semester. Students who have been approved to enter the workshop will be registered for both semesters by the department during the first two weeks of classes; 3 points are earned per semester. This workshop may only be taken by students applying for departmental honors, and it also fulfills the economics seminar requirement for the economics major and all joint majors. Students must see the director during mid-semester registration in the spring to discuss their proposed thesis topic, at which time they will be matched with appropriate faculty who will act as their thesis adviser. Students will meet their adviser over the course of the year at mutually agreed upon times. A rough draft of the thesis will be due during the first week of February in the spring semester, and the final draft will be due three weeks before the last day of classes.

Course
Number
Call Number/
Section
Days & Times/
Location
Instructor Enrollment
Spring 2014 :: ECON W4999
ECON
4999
28735
001
Th 9:00a - 10:50a
1102 INTERNATIONAL AFFAIRS BLDG
L. Edlund 8 [ More Info ]
Autumn 2014 :: ECON W4999
ECON
4999
61687
001
Th 9:00a - 10:50a
TBA
L. Edlund 0 [ More Info ]