Courses

Course Descriptions

Check out inside.nd.edu for the most up-to-date information.

10010/20010 Principles of Micro Economics 

An introduction to economics with particular attention to the pricing mechanism, competitive and monopolistic markets, government regulation of the economy, labor-management relations and programs, income determination and public policy, foreign trade and the international economy.

10020/20020 Principles of Macro Economics 

A continuation of introduction to economics with emphasis on the measurement of national economic performance, alternative explanations of short-run economic fluctuations and long-run economic growth, money and credit, fiscal and monetary policy.

13181 Soc. Science University Seminar (Freshman Only) 

Economics sections will deal with different aspects of economic analysis and policy issues. The focus will be on understanding how economists think about theoretical issues and how they apply their analytical tools to real-world economic problems and policies. No background in economics is assumed.

30010 Intermediate Economic Theory – Micro 

An examination of the language and analytical tools of microeconomics emphasizing the functional relationship between the factor and product markets and resource allocation. Prerequisite: Econ 10010/20010 and 10020/20020 and Calc B or equivalent

30020 Intermediate Economic Theory - Macro 

An intensive examination of macroeconomics with particular reference to the determination of national income, employment, and the general price level. Prereq: Econ 10010/20010 & 10020/20020 and Calc B or equivalent

30300 Empirical Research in Econ Stata 

This course will equip students with substantial knowledge of Stata so that they can use it for econometric analyses in their research projects, such as senior honors thesis. Using real datasets, students will learn how to use Stata to read and manipulate data, and to produce reliable results. The course will therefore focus on the practical aspect of data anaylsis rather than econometric theory. The course will also highlight many common pitfalls that beginning researchers often fall into. By the end of the course, students should feel sufficiently competent with Stata to independently work on any dataset.

30330 Statistics 

This course seeks to introduce the student to the principles of probability and statistical theory appropriate for the study of economics. The emphasis of the course will be on hypothesis testing and regression analysis.

30331   Econometrics 

Provides students with an understanding of when and how to use basic econometric methods in their work as an economists, including the ability to recognize which econometric technique is appropriate in a given situation as well as what explicit and implicit assumptions are being made using the method. Topics covered include estimation and hypothesis testing using basic regression analysis, problems with basic regression analysis, alternative econometric methods, limited dependent variables, and simultaneous equation models. Prereq: (ECON 30330 or ECON 303) or (BAMG 20100 or BAMG 230).

30541 Public Economics

A belief in efficient markets leaves little room for government economic activities other than the establishment and enforcement of property rights and the redistribution of income to promote social justice. Yet free markets are known in certain situation to fail to achieve an efficient allocation of goods and resources in a society. The first half of the course will examine the conditions when markets can be expected to fail and the alternative policies that governments could follow to promote social welfare. Governments like markets can also fail to adopt policies that efficiently address social problems. In the first half of the course we will also address problems in collective decision-making that can lead to government failures. The second half of the course will be devoted to examining applications of these theories to real world problems. In each of these areas, we will ask how can we justify government intervention; how has the government decided how to intervene; what are the impact of the intervention on economic outcomes; and what alternative interventions should be considered to improve outcomes. The policy areas we will examine will vary from year to year but in the past have been are the formation of a market for body parts (kidneys); sugar subsidies; student loan programs; unemployment insurance; nutritional and housing assistance programs; infrastructure; and guaranteed income programs.

30856 The Economics of Global Health

This course is designed as an introduction to health issues in low and middle-income countries (LMICs). We will focus on empirical applications of microeconomic theory in health policy in LMICs. The main question will be: what can be done to help the world's poor to improve their health? The first part of the course will examine the relationship between health and development. The second part will cover these specific areas: Maternal and child health, Disease burden and Environmental concern.

 

33400 Labor Economics (writing intensive)

This course is the seminar version of ECON 30400. A survey course covering the economics of employment and unemployment; wages and income distribution; poverty, education and discrimination; unions and labor and industrial relations systems; and comparative labor systems.

33561 Tax Reform (writing intensive)

Taxes are the instruments that governments use to acquire resources to pursue their spending activities but increasingly taxes are used today as an instrument to undertaken activities once viewed as government spending. Instead of creating a direct spending program to subsidize individuals who undertake activities the government wishes to promote, individuals who undertake these activities are provided with a tax preference in the form of a deduction from their taxable income or a credit for their tax liability. This course will address the following four primary questions. First, by taking a historical perspective the course asks how has tax policy evolved so that the tax code contains so much hidden spending activity? Second, what is the state of tax policy today? How do we tax ourselves? Third, what is the cost to the economy of our current tax system? Finally, can we adopt a better tax code? What are the current policy options (a national sales tax, a flat tax, an expenditure tax, or modifications to our current tax system through a series of base broadening measures and rate reductions) and what is the likelihood that tax reform will be accomplished?

33811 Explaining an Unequal World (writing intensive)

This course provides a broad introduction to development economics and the intuition behind empirical work in the field. This course will survey recent literature that examines the factors that explain poverty in the developing world. In particular, we will consider the relative roles of government failures, market failures, history, geography, culture and technology among others. This course will briefly survey 'classic' theories in development and then turn to recent journal articles. Note, Econ 43810 is the advanced version of this class that will have econometrics as a pre-requisite.

33400 Labor Economics (writing intensive)

This course is the seminar version of ECON 30400. A survey course covering the economics of employment and unemployment; wages and income distribution; poverty, education and discrimination; unions and labor and industrial relations systems; and comparative labor systems.

33561 Tax Reform (writing intensive)

Taxes are the instruments that governments use to acquire resources to pursue their spending activities but increasingly taxes are used today as an instrument to undertaken activities once viewed as government spending. Instead of creating a direct spending program to subsidize individuals who undertake activities the government wishes to promote, individuals who undertake these activities are provided with a tax preference in the form of a deduction from their taxable income or a credit for their tax liability. This course will address the following four primary questions. First, by taking a historical perspective the course asks how has tax policy evolved so that the tax code contains so much hidden spending activity? Second, what is the state of tax policy today? How do we tax ourselves? Third, what is the cost to the economy of our current tax system? Finally, can we adopt a better tax code? What are the current policy options (a national sales tax, a flat tax, an expenditure tax, or modifications to our current tax system through a series of base broadening measures and rate reductions) and what is the likelihood that tax reform will be accomplished?

33811 Explaining an Unequal World (writing intensive)

This course provides a broad introduction to development economics and the intuition behind empirical work in the field. This course will survey recent literature that examines the factors that explain poverty in the developing world. In particular, we will consider the relative roles of government failures, market failures, history, geography, culture and technology among others. This course will briefly survey 'classic' theories in development and then turn to recent journal articles. Note, Econ 43810 is the advanced version of this class that will have econometrics as a pre-requisite.

40040 Market Design

While economics has traditionally studied how existing markets work, the problem of designing and repairing such institutions has become increasingly important as fast, efficient, and robust markets become a key feature of modern life. This discipline, Market Design, draws on a variety of tools from economics, statistics, and mathematics to engage with real business and policy problems, from how Google arranges search results to how children are matched to public schools in Boston and New York City. We will study the core tools used in practice (game theory, mechanism design, and matching theory) as well as applied examples of their use (spectrum auctions, e-commerce, public school matching, kidney exchange). A final project will focus on proposing redesigns for a real-world market.

40050 Game Theory

The objective of this course is to help students develop a good understanding of the basic concepts in game theory and learn how to employ these concepts to better understand strategic interactions. Topics covered will include normal form games, extensive form games, pure and mixed strategies, Nash Equilibrium, subgame perfect equilibrium, repeated games, and introduction to games of incomplete information. Selected applications will include competition and collusion in oligopoly, entry deterrence, political competition and rent seeking, social norms and strategic interaction.
 

40060 Advanced Microeconomics Theory

This course will focus on some selective topics in modern micro economic theory. It may vary from term to term. A possible choice of a broad range of topics are: Choice under uncertainty, Game theory, Market mechanisms, Coalitional analysis, Public goods and Welfare economics. Each of these topics will be discussed with mathematical rigor. Some of the objectives of the course are to familiarize students with important analytical techniques of micro theory and their applications to the study of various economic phenomena and to help students to cultivate the ability to critically evaluate the usefulness and limitations of economic models.

40354 Financial Economics

This course introduces students to the types of securities that exist, the markets in which they trade and decisions faced by households who demand assets (portfolio theory) and the firm that supply them (corporate finance).

40357 Financial Econometrics 

This course introduces students to the types of securities that exist, the markets in which they trade and the decisions faced by households who demand assets (portfolio theory) and the firm that supply them (corporate finance).

40364 Monetary Theory and Policy

This course will cover the development of monetary theory and policy with a particular focus on financial crises and the appropriate central bank response.  Other topics include the welfare cost of inflation, countercyclical monetary policy, and central bank independence.  Prerequisite:  Intermediate Macro Theory.

40581 Strategic Pricing & Innovation

This course focuses on the strategic behavior of firms in imperfectly competitive markets. The course will cover the acquisition and use of market power by firms, strategic interactions amongst firms, and the role/effects of government competition policy. There will be a strong emphasis on applying the theoretical tools developed in class to assess markets and issues observed in the world.

40700 International Economics

This course introduces core frameworks used to analyze the global economy and international economic policies.  We will study the impact of monetary policy and fiscal policy on exchange rates and output, the behavior of current account balances, and the mechanics of fixed exchange rate regimes.  We will also explore the microeconomic determinants of international trade, the labor market impacts of globalization, and the goals and instruments of international trade policy.  The goal of the course is to equip you with tools to understand the sources and consequences of trade and macroeconomic interdependence, analyze contemporary developments in the world economy, and critically evaluate international economic policies.

40750 Economics of China

The course will cover aspects of China's economy (international, macro, labor market issues, demographics, migration, and others) since economic reforms were implemented in 1978

40025 International Macroeconomics

This course provides students with an introduction to open-economy macroeconomics. Discussed are theories of trade, exchange rates, business cycles in emerging markets, international financial crises, and sovereign debt. The course is primarily model-based, giving students an analytic framework in which to understand international economic issues. However, current events and policy issues are integrated to give context

43330 Forecasting for Econ & Business

This course is an introduction to forecasting. The course focuses on creating and working with forecasts of economic, finance, and other business data. Basic theory will also be presented. The forecasts are constructed from estimated summary statistics and parameters generated by several methods, including time series procedures and exponential smoothing. Students will learn how to interpret the uncertainty in the forecasts and in the estimated parameters. Diagnostic statistics and model selection criteria will be presented. Requirements: ECON 30331; Econometrics or some other regression based Stats class (something beyond the Stats for Econ course).

43410 Labor Law 

This course is the seminar version of ECON 30410. A study of the development of common and statutory law with reference to industrial relations in the United States with emphasis on the case method.

43420 Economics of Inequality

This course will examine the causes and consequences of economic inequality. Topics covered include conceptual issues in measuring inequality and understanding its consequences for welfare; a comparison of inequality across countries and over time; the role of globalization and technological change in explaining recent increases in inequality in the U.S.; explanations for inequality across groups, including race, gender, childhood socioeconomic status and age; and the role of government in addressing inequality. Students will write a paper evaluating a policy proposal aimed at reducing inequality.

43565 Health Economics

The course is designed to illustrate how economists analyze topics related to the production of health and the delivery of health care in the United States. Topics covered include the social and economic determinants of health, the economic control of unhealthy behavior, economic consequences of the AIDS epidemic, using economics to explain the rise of obesity, economic models of insurance, the problems of moral haszard and adverse selection, the economic impact of employer-provided health insurance. Medicare and Medicaid, the problem of the unisured, medical technology and the pharmaceutical industry, the malpractice system, and the rise of managed care. Readings for the class will come from a required textbook and academic readings downloadable from the class web page. Class assignments will include problem sets, exams and short policy memos.

43810 Empirical Methods Development

This is an advanced undergraduate economics course that will provide a broad introduction to development economics, with an emphasis on the application of modern econometric techniques to questions in development. This course will survey recent literature that examines the factors that explain poverty in the developing world. In particular, we will consider the relative roles of government failures, market failures, history, geography, culture and technology among others. This course will briefly survey 'classic' theories in development and then focus on understanding recent journal articles in detail. We will explore these questions primarily from a microeconomic perspective, paying careful attention to understanding, evaluating and applying econometric techniques. The goal of this course is to introduce students to modern research in development economics and produce an original empirical research paper