Drafts of papers, articles, and chapters of dissertations or books, prepared by graduate students, faculty members, or visiting scholars, are exposed to critical analysis by a series of seminars organized by field. The chief objectives are for the writers to receive the benefit of critical suggestions, for all participants to gain experience in criticism and uninhibited oral discussion, and for students and faculty members to become acquainted with the research work going on in the department. Third- and fourth-year graduate students are expected to attend; first-and second-year students and faculty members are invited to attend.
Econometric Research Seminar
Econometric Theory I
A first-year course in the first-year econometrics sequence: it is divided into two parts. The first gives students the necessary background in probability theory and statistics. Topics include definitions and axioms of probability, moments, some univariate distributions, the multivariate normal distribution, sampling distributions, introduction to asymptotic theory, estimation and testing. The second part introduces the linear regression model and develops associated tools. Properties of the ordinary least squares estimator will be studied in detail and a number of tests developed.
Develop facility with basic econometric methods and the ability to apply them to actual problems and understand their application in other substantive course work in economics.
Instructors: Kirill Evdokimov
Econometrics: A Mathematical Approach
This course is an introduction to econometrics. Econometrics is a sub-discipline of statistics that provides methods for inferring economic structure from data. This course has two goals. The first goal is to give you means to evaluate an econometric analysis critically and logically. Second, you should be able to analyze a data set methodically and comprehensively using the tools of econometrics.
Economic Development I
An examination of those areas in the economic analysis of development where there have been recent analytical or empirical advances. Emphasis is given to the formulation of theoretical models and econometric analysis and testing. Topics covered include models of household/farm behavior, savings behavior, equity and efficiency in pricing policy, project evaluation, measurement of poverty and inequality, and the analysis of commodity prices.
Economic Inequality and the Role of Government
In the US and many other developed countries, economic inequality has risen to historic levels in recent decades. What are the causes of this trend -- "natural" market forces (e.g., globalization?) or changes in public policy (e.g., erosion of the minimum wage)? Are measures currently proposed to counteract inequality and poverty -- e.g, progressive taxation, transfer programs to low-income families, public insurance programs such as Medicare -- effective? An emphasis is placed on understanding what basic microeconomic theory as well as empirical evidence can (and cannot) tell us about these questions.
Instructors: Ilyana Kuziemko
Economic Perspectives on Inequality (Half-Term)
Economics is centrally concerned with models of human capital development, educational attainment, labor market dynamics, unemployment, labor turnover, job duration, wage setting institutions, the role of unions, human capital formation, the relationship between economic status and other aspects of well-being (including health). Economists are essential partners in the behavioral study of preferences and decision making, mobility and redistribution, and the institutions of industrial relations that govern the labor market.
Economics and Politics
Focused on analytical models of political institutions, this course is organized around canonical models and their applications. These include: voting models, menu auctions, models of reputation and cheap talk games. These models are used to explain patterns of participation in elections, institutions of congress, lobbying, payments to special interest groups and other observed phenomena.
Economics of Europe
Europe is at a crossroads. Political and economic integration in the European Union (EU) exceeds levels reached in the rest of the world. Economic integration not only affects trade but also migration, agriculture, competition, regions, energy, and money. Most euro area economies have been struggling with interlocking crises involving debt, banking and growth. The EU is facing a migration crisis. The UK voted for Brexit, and other countries may follow. This course studies economic integration and the ongoing crises. It uses economic analysis to study policy issues.
Instructors: Silvia Weyerbrock
Economics of Labor
An examination of the economics of the labor market, especially the forces determining the supply of and demand for labor, the level of unemployment, labor mobility, the structure of relative wages, and the general level of wages.