Applies concepts and tools developed in course 202 to practical problems and policy-related issues. Emphasis is on empirical applications and student projects. Topics covered include the relationships between budget deficits and interest rates, money and prices, and tax policy and personal savings. Course 202 is strongly recommended as preparation.
Role of government in mobilizing foreign and domestic resources for development; tax structures and levels in developing countries and relationship to growth targets; evaluation of government development projects.
Theory, evidence, and case studies of exchange rate formation and change and of private international portfolio management. Course 241 is strongly recommended as preparation.
Theory, evidence, and case studies of exchange rate formation and change and of private international portfolio management. Course 241 is strongly recommended as preparation.
Covers the empirical aspects of international trade issues. Topics include the testing and estimation of various trade models such as the Ricardian model, Heckscher-Ohlin-Vanek model, intra-industry trade models, trade models associated with multinational corporations, models of trade and intellectual property rights, the impact of trade on income inequality, and trade between developed and developing economies.
The economic structure and functioning of Soviet-type economies (including the former U.S.S.R. and the People's Republic of China) and their problems of transition to market economies. Planning systems, investment policies, fiscal policies, and policies toward foreign trade and investment receive particular attention. Courses 204A and 205A are strongly recommended as preparation.
Economic growth and development in Latin America since the 1930's. Discusses the political economy of trade, industrial, fiscal, and monetary policy-making during these decades. Issues include income distribution, external debt, stabilization, and recent economic reform and liberalization policies. Courses 204A and 205A are strongly recommended as preparation.
Focuses on the economic growth and policy of Japan, Korea, Taiwan, and other Asian economies. Topics include fiscal, monetary, and trade policies, labor-management and management-government relations and institutions, and human resource development. Explores reasons for rapid growth rates of these nations and their relations with the United States. Course 204A is strongly recommended as preparation.
Topics in the economic transformation of the Middle East and North Africa. Studies the impact of oil wealth on growth and development of the region since 1960; stresses issues related to the successful management of oil revenues.
The economic structure and policies of the poorest continent. Focus is on agricultural development possibilities and difficulties; the international environment, including terms of trade and foreign lending flows; and domestic government policies. Courses 204A and 205A are strongly recommended as preparation.
An analysis of the role of government regulation in the American economy and in its principal trading partners. Includes an examination of positive and normative theories of regulation and development of criteria for assessing the efficiency and welfare effects of regulation. Also examines the methods and consequences of regulation in selected traded-goods industries.
Comparative analysis of fiscal systems; effects of fiscal relationships on world trade, capital flows and development; fiscal coordination for common markets, free trade areas, and federations among developed and developing countries.
The application of economic theory to issues in the law. The role of transaction costs, insurance, and the optimal allocation of resources in determining the rules of law. Topics include corporate law, alimony, criminal, contract, and tort law.
Focuses on the uses of accounting to measure economic activity and allocate resources. Emphasizes the uses of accounting data for external reporting and internal uses for management decision making. Topics include: present value concepts, financial statement analysis and profit reporting. Course 200 is strongly recommended as preparation.
Advanced topics and current research in macroeconomic theory, including DSGE models, empirical issues, and optimal policy analysis. Prerequisite(s): courses 204A-B-C, 205A-B-C, and 211A-B-C are strongly recommended as preparation.
Meets once a week for one hour to discuss international political and economic events. Students read The Economist, The Wall Street Journal, and pertinent foreign language newspapers and magazines. This reading forms the basis of the weekly discussions. Gives students an opportunity to strengthen their language skills and to apply concepts from their core courses.