Ec 11
  
  Introduction to Economics
    9 units (3-2-4)
      | 
    first, second terms
  
  
  
    An introduction to economic methodology, models, and institutions. Includes both basic microeconomics and an introduction to modern approaches to macroeconomic issues. Students are required to participate in economics experiments.
  
  
    
      Instructors:
      Plott, Rangel
    
  
    Ec 97
  
  Undergraduate Research
    Units to be arranged
      | 
    any term
  
  
    Prerequisites: Advanced economics and instructor's permission.
  
  
    This course offers advanced undergraduates the opportunity to pursue research in Economics individually or in a small group. Graded pass/fail.
  
  
    Ec 98 abc
  
  Senior Research and Thesis
Prerequisites: instructor's permission.
  
  
    Senior economics majors wishing to undertake research may elect a variable number of units, not to exceed 12 in any one term, for such work under the direction of a member of the economics faculty.
  
  
    Ec 101
  
  Selected Topics in Economics
    Units to be determined by arrangement with the instructor
      | 
    offered by announcement
  
  
  
    Topics to be determined by instructor.
  
  
    
      Instructors:
      Staff, visiting lecturers
    
  
    Ec 105
  
  Industrial Organization
    9 units (3-0-6)
      | 
    first term
  
  
    Prerequisites: Ec 11 or equivalent.
  
  
    A study of how technology affects issues of market structure and how market structure affects observable economic outcomes, such as prices, profits, advertising, and research and development expenditures. Emphasis will be on how the analytic tools developed in the course can be used to examine particular industries-especially those related to internet commerce-in detail. Each student is expected to write one substantial paper. Not offered 2017-18.
  
  
    Ec/Psy 109
  
  Frontiers in Behavioral Economics
    9 units (3-0-6)
      | 
    first term
  
  
    Prerequisites: Ec 11.
  
  
    Behavioral economics studies agents who are biologically limited in computational ability, willpower and pure self-interest. An important focus is how those limits interact with economic institutions and firm behavior. This reading-driven course will cover new papers that are interesting and draw attention to a topic of importance to economics. Readings will cover lab and field experiments, axiomatic models of behavioral phenomena, and welfare. Each weekly discussion will begin with a 10-minute overview, then an inspection of the paper's scientific machinery, judge whether its conclusions are justified, and speculate about the scope of its generalizability. It should help students as referees and as writers. Assignments are two 1000-word summary-critiques. Not offered 2017-18.
  
  
    Ec/ACM/CS 112
  
  Bayesian Statistics
    9 units (3-0-6)
      | 
    third term
  
  
    Prerequisites: Ma 3, ACM/EE 116 or equivalent.
  
  
    This course provides an introduction to Bayesian Statistics and its applications to data analysis in various fields. Topics include: discrete models, regression models, hierarchical models, model comparison, and MCMC methods. The course combines an introduction to basic theory with a hands-on emphasis on learning how to use these methods in practice so that students can apply them in their own work. Previous familiarity with frequentist statistics is useful but not required.
  
  
    
      Instructor:
      Rangel
    
  
    Ec 117
  
  Matching Markets
    9 units (3-0-6)
      | 
    third term
  
  
  
    We will tackle the fundamental question of how to allocate resources and organize exchange in the absence of prices. Examples includes finding a partner, allocating students to schools, and matching donors to patients in the context of organ transplantations. While the main focus will be on formal models, we will also reason about the practical implications of the theory.
  
  
    
      Instructor:
      Pomatto
    
  
    Ec 121 ab
  
  Theory of Value
    9 units (3-0-6)
      | 
    first, second terms
  
  
    Prerequisites: Ec 11 and Ma 1 b (may be taken concurrently)..
  
  
    A study of consumer preference, the structure and conduct of markets, factor pricing, measures of economic efficiency, and the interdependence of markets in reaching a general equilibrium.
  
  
    
      Instructors:
      Border, Saito
    
  
    Ec 122
  
  Econometrics
    9 units (3-0-6)
      | 
    first term
  
  
    Prerequisites: Ma 3.
  
  
    The application of statistical techniques to the analysis of economic data.
  
  
    
      Instructor:
      Sherman
    
  
    Ec/SS 124
  
  Identification Problems in the Social Sciences
    9 units (3-0-6)
      | 
    second term
  
  
    Prerequisites: Ec 122.
  
  
    Statistical inference in the social sciences is a difficult enterprise whereby we combine data and assumptions to draw conclusions about the world we live in. We then make decisions, for better or for worse, based on these conclusions. A simultaneously intoxicating and sobering thought! Strong assumptions about the data generating process can lead to strong but often less than credible (perhaps incredible?) conclusions about our world. Weaker assumptions can lead to weaker but more credible conclusions. This course explores the range of inferences that are possible when we entertain a range of assumptions about how data is generated. We explore these ideas in the context of a number of applications of interest to social scientists.
  
  
    
      Instructor:
      Sherman
    
  
    Ec/SS 129
  
  Economic History of the United States
    9 units (3-0-6)
      | 
    second term
  
  
    Prerequisites: Ec 11.
  
  
    An examination of certain analytical and quantitative tools and their application to American economic development. Each student is expected to write two substantial papers - drafts will be read by instructor and revised by students. Not offered 2017-18.
  
  
    Ec/SS 130
  
  Economic History of Europe from the Middle Ages to the Twentieth Century
    9 units (3-0-6)
      | 
    third term
  
  
    Prerequisites: Ec 11.
  
  
    Employs the theoretical and quantitative techniques of economics to help explore and explain the development of the European cultural area between 1000 and 1980. Topics include the rise of commerce, the demographic transition, the Industrial Revolution, and changes in inequality, international trade, social spending, property rights, and capital markets. Each student is expected to write nine weekly essays and a term paper. Not offered 2017-18.
  
  
    Ec 135
  
  Economics of Uncertainty and Information
    9 units (3-0-6)
      | 
    first term
  
  
    Prerequisites: Ec 11.
  
  
    An analysis of the effects of uncertainty and information on economic decisions. Included among the topics are individual and group decision making under uncertainty, expected utility maximization, insurance, financial markets and speculation, product quality and advertisement, and the value of information.
  
  
    
      Instructor:
      Agranov
    
  
    Ec 140
  
  Economic Progress
    9 units (3-0-6)
      | 
    first term
  
  
    Prerequisites: Ec 11 and Ma 2; Ec 122 recommended.
  
  
    This course examines the contemporary literature on economic growth and development from both a theoretical and historical/empirical perspective. Topics include a historical overview of economic progress and the lack thereof; simple capital accumulation models; equilibrium/planning models of accumulation; endogenous growth models; empirical tests of convergence; the measurement and role of technological advancement; and the role of trade, institutions, property rights, human capital, and culture.
  
  
    
      Instructors:
      Border, Hoffman
    
  
    CS/SS/Ec 149
  
  Algorithmic Economics
    9 units (3-0-6)
      | 
    second term
  
  
  
    This course will equip students to engage with active research at the intersection of social and information sciences, including: algorithmic game theory and mechanism design; auctions; matching markets; and learning in games.
  
  
    
      Instructor:
      Echenique/Pomatto
    
  
    BEM/Ec 150
  
  Business Analytics
    9 units (3-0-6)
      | 
    first term
  
  
    Prerequisites: GE/ESE 118 or Ec 122, and knowledge of R.
  
  
    This class teaches how to use very large, cross-media datasets to infer what variables influence choices and trends of economic and business interest. Topics include database management, cleaning and visualization of data, statistical and machine learning methods, natural language processing, social and conventional media, personal sensors and devices, sentiment analysis, and controlled collection of data (including experiments). Grades are based on hands-on data analysis homework assignments and detailed analysis of one dataset.
  
  
    
      Instructor:
      Camerer
    
  
    Ec/PS 160 abc
  
  Laboratory Experiments in the Social Sciences
    9 units (3-3-3)
      | 
    first, second, third terms
  
  
    Prerequisites: Section a required for sections b and c.
  
  
    An examination of recent work in laboratory testing in the social sciences with particular reference to work done in social psychology, economics, and political science. Students are required to design and conduct experiments.
  
  
    
      Instructor:
      Plott
    
  
    PS/Ec 172
  
  Game Theory
    9 units (3-0-6)
      | 
    second term
  
  
    Prerequisites: Ec 11 or PS 12.
  
  
    This course is an introduction to non-cooperative game theory, with applications to political science and economics. It covers the theories of normal-form games and extensive-form games, and introduces solutions concepts that are relevant for situations of complete and incomplete information. The basic theory of repeated games is introduced. Applications are to auction theory and asymmetric information in trading models, cheap talk and voting rules in congress, among many others.
  
  
    
      Instructor:
      Tamuz
    
  
    Ec 181
  
  Convex Analysis and Economic Theory
    9 units (3-0-6)
      | 
    second term
  
  
    Prerequisites: Ma 2 ab, Ec 121 a.
  
  
    Introduction to the use of convex analysis in economic theory. Includes a rigorous discussion of separating hyperplane theorems, continuity and differentiability properties of convex and concave functions, support functions, subdifferentials, Fenchel conjugacy, saddle-point theory, theorem of the alternative, and linear programming. Emphasis is on the finite-dimensional case, but infinite-dimensional spaces will be discussed. Applications to the theory of cost and production functions, decision theory, and game theory.
  
  
    
      Instructor:
      Border
    
  
  Published Date:
  
  
    July 28, 2022
  
  