FYS178 - An Experimental Avatar: Discovering Economics
Students in this course will actively encounter economic principles in this introduction to microeconomics. We will explore how and why people use their time and money. Students will participate in economic experiments, games and simulation to discover general principles of economics. Working in small groups, we will design new experiments to see how changes in market rules affect people's behavior and the efficiency and fairness of economic outcomes.
ECON-218 Experimental Economics
This course provides an introduction to laboratory methods in economics and shows how experimental economics can be used to understand spontaneous and self-generating orders (emerging out of apparent chaos) around us. This course uses a combination of hands-on learning in laboratory experiments and Socratic roundtable discussions of readings. It will cover topics such as decision making, bargaining, public goods, market design, theories of fairness and learning, social issues like discrimination and gender differences, neuroeconomics. Prerequisite: Econ 101.
ECON-312 Game Theory
Mathematical analysis of strategic interaction and decision making. Topics include normal form games and Nash equilibrium, dynamic games of complete and perfect information and subgame perfect equilibrium, static Bayesian games and Bayesian Nash equilibrium, and dynamic games with incomplete information and perfect Bayesian equilibrium. Specific topics and applications include: prisoner’s dilemma, duopoly and oligopoly, bargaining, auctions, collective action problems, voting, and public choice. Prerequisite: Econ 241 and 245.
ECON-342 Industrial Organization and Public Policy
Application of microeconomic theory to the structure of industry. Course considers traditional, as well as recent and interdisciplinary theories of firm and industry behavior, with particular focus on oligopoly and game theory. Course also reviews the economic history of U.S. antitrust and regulatory policies and examines the effect of greater global interdependence. Students evaluate alternative policies for static economic efficiency, technological change, and equity. Prerequisite: Econ 241 and 245.
ECON-344 Energy Economics & Public Policy
This course explores the key aspects of energy supply and demand covering issues in electricity, natural gas and oil sectors of the economy. It discusses the role of markets, regulation and deregulation of the industry. The course addresses market design questions related to energy generation, transmission and distribution. It also provides an overview of economic institutions designed to control pollution emissions and examines other public policies affecting energy markets.
ECON-403 Advanced Topics in Theoretical and Applied Microeconomics
Examination of special topics in advanced microeconomic theory and applications. Particular focus varies, and includes such topics as new household economics, industrial organization and public policy, game theory, information costs-structure-behavior, production and cost functions, welfare economics, and micro aspects of international trade. Prerequisite: Econ 241, 243, 245, 249, 350 and at least one 300-level elective Econ course.