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Courses

Fall 2023

ECON 500 01
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Introduction to optimization methods and partial equilibrium. Theories of utility and consumer behavior production and firm behavior. Introduction to uncertainty and the economics of information, and to noncompetitive market structures.
Instructor(s)
Location
HLH28 A06
Term Code
202303
Meeting Times
MW 10.00-11.20
ECON 510 01
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Analysis of short-run determination of aggregate employment, income, prices, and interest rates in closed and open economies. Stabilization policies.
Instructor(s)
Location
TRUM87 B120
Term Code
202303
Meeting Times
TTh 10.00-11.15
ECON 520 01
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A formal introduction to game theory and information economics. Alternative non-cooperative solution concepts are studied and applied to problems in oligopoly, bargaining, auctions, strategic social choice, and repeated games.
Location
HLH28 A102
Term Code
202303
Meeting Times
TTh 1.00-2.15
ECON 522 01
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A forum for advanced students to critically examine recent papers in the literature and present their own work.
Term Code
202303
ECON 525 01
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Heterogeneous agent economics, investment, scrapping and firing, nonquadratic adjustment costs, financial constraints, financial intermediation, psychology of decision making under risk, optimal risk management, financial markets, consumption behavior, monetary policy, term structure of interest rates.
Instructor(s)
Term Code
202303
Meeting Times
Th 2.00-5.00
ECON 530 01
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The course gives a careful mathematical description of the general equilibrium underpinnings of the main models of finance and the new macroeconomics of collateral and default. Part I is a review of Walrasian general equilibrium, including the mathematical techniques of fixed points and genericity, both taught from an elementary point of view. Part II covers general equilibrium with incomplete markets (GEI). Part III focuses on the special case of the capital asset pricing model (CAPM), including extensions to multi-commodity CAPM and multifactor CAPM. Part IV focuses on the Modigliani-Miller theorem and generic constrained inefficiency. Part V describes collateral equilibrium and the leverage cycle. Part VI covers default and punishment and adverse selection and moral hazard in general equilibrium. Part VII describes monetary equilibrium.
Instructor(s)
Location
HLH28 A102
Term Code
202303
Meeting Times
W 4.00-7.00p
ECON 538 01
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Description
Presentations by research scholars and participating students.
Location
TRUM87 B120
Term Code
202303
Meeting Times
W 2.30-3.50
ECON 540 01
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A course that gives third- and fourth-year students doing research in macroeconomics an opportunity to prepare their prospectuses and to present their dissertation work. Each student is required to make at least two presentations per term. For third-year students and beyond, at least one of the presentations in the first term should be a mock job talk.
Location
TRUM87 B120
Term Code
202303
Meeting Times
Th 12.00-1.00
ECON 542 01
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A forum for presentation and discussion of state-of-the-art research in macroeconomics. Presentations by research scholars and participating students of papers in closed economy and open economy macroeconomics and monetary economics.
Location
TRUM87 B120
Term Code
202303
Meeting Times
T 2.30-3.50
ECON 545 01
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A survey of the main features of current economic analysis and of the application of the theory to a number of important economic questions, covering microeconomics and demand theory, the theory of the firm, and market structures. For IDE students.
Instructor(s)
Term Code
202303
Meeting Times
MW 2.30-3.45
ECON 546 01
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This course presents a basic framework to understand macroeconomic behavior and the effects of macroeconomic policies. Topics include consumption and investment, labor market, short-run income determinations, unemployment, inflation, growth, and the effects of monetary and fiscal policies. The emphasis is on the relation between the underlying assumptions of macroeconomic framework and policy implications derived from it.
Instructor(s)
Term Code
202303
Meeting Times
TTh 9.00-10.15
ECON 550 01
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Probability: concepts and axiomatic development. Data: tools of descriptive statistics and data reduction. Random variables and probability distributions; univariate distributions (continuous and discrete); multivariate distributions; functions of random variables and transformations; the notion of statistical inference; sampling concepts and distributions; asymptotic theory; point and interval estimation; hypothesis testing.
Instructor(s)
Location
TRUM87 B120
Term Code
202303
Meeting Times
MW 8.30-9.50
ECON 556 01
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Methods and approaches to empirical economic analysis are reviewed, illustrated, and discussed with reference to specific empirical studies. The emphasis is on learning to use methods and on understanding how specific empirical questions determine the empirical approach to be used. We review a broad range of approaches including program evaluation methods and structural modeling, including estimation approaches, computational issues, and problems with inference.
Instructor(s)
Location
HLH28 106
Term Code
202303
Meeting Times
MW 10.30-11.50
ECON 558 01
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Application of statistical analysis to economic data. Basic probability theory, linear regression, specification and estimation of economic models, time series analysis, and forecasting. The computer is used. For IDE students.
Instructor(s)
Term Code
202303
Meeting Times
TTh 2.30-3.45
ECON 568 01
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A forum for state-of-the-art research in econometrics. Its primary purpose is to disseminate the results and the technical machinery of ongoing research in theoretical and applied fields.
Location
HLH28 106
Term Code
202303
Meeting Times
W 4.00-5.30
ECON 570 01
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A course for third- and fourth-year students doing research in econometrics to prepare their prospectus and present dissertation work.
Location
HLH28 106
Term Code
202303
Meeting Times
M 12.00-1.00
ECON 588 01
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A forum for discussion and criticism of research in progress. Presenters include graduate students, Yale faculty, and visitors. Topics concerned with long-run trends in economic organization are suitable for the seminar. Special emphasis given to the use of statistics and of economic theory in historical research.
Location
HLH28 A06
Term Code
202303
Meeting Times
M 12.00-1.00
ECON 589 01
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A forum for discussion and criticism of research in progress. Presenters include graduate students, Yale faculty, and visitors. Topics concerned with long-run trends in economic organization are suitable for the seminar. Special emphasis given to the use of statistics and of economic theory in historical research.
Location
TRUM87 B120
Term Code
202303
Meeting Times
M 4.00-5.30
ECON 600 01
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Begins by locating the study of industrial organization within the broader research traditions of economics and related social sciences. Alternative theories of decision making, of organizational behavior, and of market evolution are sketched and contrasted with standard neoclassical theories. Detailed examination of the determinants and consequences of industrial market structure.
Location
HLH28 A06
Term Code
202303
Meeting Times
TTh 10.30-11.50
ECON 606 01
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For third-year students in microeconomics, intended to guide students in the early stages of theoretical and empirical dissertation research. Emphasis on regular writing assignments and oral presentations.
Location
HLH28 106
Term Code
202303
Meeting Times
Th 12.00-1.00
ECON 608 01
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For advanced graduate students in applied microeconomics, serving as a forum for presentation and discussion of work in progress of students, Yale faculty members, and invited speakers.
Location
HLH28 106
Term Code
202303
Meeting Times
T 2.30-3.50
ECON 630 01
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Description
Topics include static and dynamic approaches to demand, human capital and wage determination, wage income inequality, unemployment and minimum wages, matching and job turnover, immigration and international trade, unions, implicit contract theory, and efficiency wage hypothesis.
Instructor(s)
Location
HLH28 A06
Term Code
202303
Meeting Times
TTh 9.00-10.15
ECON 638 01
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Description
A forum primarily for graduate students to present their research plans and findings. Discussions encompass empirical microeconomic research relating to both high- and low-income countries.
Location
TRUM87 B120
Term Code
202303
Meeting Times
Th 3.30-5.00
ECON 670 01
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Current issues in theoretical financial economics are addressed through the study of current papers. Focuses on the development of the problem-solving skills essential for research in this area.
Instructor(s)
Term Code
202303
Meeting Times
T 1.00-4.00
ECON 674 01
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An elective doctoral course covering theoretical and empirical research on financial crises. The first half of the course focuses on general models of financial crises and historical episodes from the nineteenth and twentieth centuries. The second half of the course focuses on the recent financial crisis.
Instructor(s)
Location
1 HTBA
Term Code
202303
Meeting Times
1 HTBA
ECON 679 01
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This workshop is for third-year and other advanced students in financial economics. It is intended to guide students in the early stages of dissertation research. The emphasis is on presentation and discussion of materials presented by students that will eventually lead to dissertation topics. Open to third-year and advanced Ph.D. students only.

Term Code
202303
ECON 680 01
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Major topics in public finance including externalities, public goods, benefit/cost analysis, fiscal federalism, social insurance, retirement savings, poverty and inequality, taxation, and others. Applications are provided to crime, education, environment and energy, health and health insurance, housing, and other markets and domains. The course covers a variety of applied methods including sufficient statistics, randomized control trials, hedonic models, regression discontinuity, discrete choice, spatial equilibrium, dynamic growth models, differences-in-differences, integrated assessment models, applied general equilibrium, event studies, firm production functions, learning models, general method of moments, and propensity-score reweighting estimators.

Instructor(s)
Location
HLH28 106
Term Code
202303
Meeting Times
MW 9.00-10.15
ECON 706 01
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This workshop is for third-year and other advanced students in international economic fields. It is intended to guide students in the early stages of dissertation research. The emphasis is on students’ presentation and discussion of material that will eventually lead to the prospectus.

Location
HLH28 A06
Term Code
202303
Meeting Times
T 12.00-1.00
ECON 720 01
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The first part of this course covers the basic theory of international trade, from neoclassical theory where trade is the result of comparative advantage (Ricardo, Heckscher-Ohlin) to the “New Trade Theory” where trade is generated by imperfect competition and increasing returns to scale. Particular emphasis is placed on the implications of the different theories concerning the aggregate gains or losses from trade and the distributional implications of trade liberalization. The second part of the course explores new advances in the field. It covers the Eaton-Kortum (2002) and Melitz (2003) models; extensions of these models with many countries, multiproduct firms, and sectors; methods of quantitative trade analysis to revisit classic questions (gains from trade, distributional effects of trade, trade policy); and new advances in dynamic trade theory.
Instructor(s)
Location
HLH28 106
Term Code
202303
Meeting Times
MW 1.00-2.15
ECON 724 01
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A study of how consumers and firms are affected by the globalization of the world economy. Topics include trade costs, the current account, exchange rate pass-through, international macroeconomic co-movement, multinational production, and gains from globalization. 

Location
HLH28 A102
Term Code
202303
Meeting Times
M 4.00-7.00p
ECON 728 01
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Description

Workshop/seminar for presentations and discussion on topics in the field of international trade.

Location
HLH28 106
Term Code
202303
Meeting Times
W 2.30-3.50
ECON 730 01
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Development theory at both aggregate and sectoral levels; analysis of growth, employment, poverty, and distribution of income in both closed and open developing economy contexts.
Instructor(s)
Location
HLH28 A06
Term Code
202303
Meeting Times
MW 4.00-5.30
ECON 733 01
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A Ph.D. field course covering latest research topics in urban economics and in environmental and energy economics. Topics include the links between urban planning and city productivity and livability, infrastructure investments in electrification and water management, managing externalities, environmental regulation, and the effects of climate change in cities and in rural areas.

Instructor(s)
Location
HLH28 A102
Term Code
202303
Meeting Times
MW 9.00-10.20
ECON 750 01
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A forum for graduate students and faculty with an interest in the economic problems of developing countries. Faculty, students, and a limited number of outside speakers discuss research in progress.
Location
TRUM87 B120
Term Code
202303
Meeting Times
M 2.30-3.50
ECON 756 01
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Description
Workshop for students doing research in development to present and discuss work.
Location
TRUM87 B120
Term Code
202303
Meeting Times
M 12.00-1.00