Course Objectives: An advanced course integrating mathematical analysis with economic and financial theory. Students develop proficiency in applying rigorous quantitative techniques through a systematic progression of mathematical tools. Beginning with foundational concepts in sets, relations, and functions, the course advances to equilibrium analysis in both partial and general contexts. Mathematical techniques include differential calculus, matrix algebra, and linear systems, with emphasis on determinants and matrix operations. The core focus is optimization theory, covering necessary and sufficient conditions, constrained optimization problems, and comparative static analysis. Advanced topics explore dynamic analysis through differential equations, phase diagrams, and optimal control theory. Students apply these methods to analyze resource allocation, market equilibrium, and optimization models with practical constraints. Through Kuhn-Tucker conditions and nonlinear programming, students tackle complex economic problems with inequality constraints. The curriculum emphasizes both theoretical foundations and practical applications in economics and finance.
Course Objectives: Provides analytic concepts and tools for understanding public policy and analyzing specific policies. Comprehensively treats rationales for public policy-describing limitations to effective public policy and generic policy solutions, and treating the issue of the appropriate match between policy tools and particular market failures. The first half of the course focuses on core microeconomic theory and the foundations of policy analysis. The remaining lectures will focus on various policy applications and policy analysis. A portion of class time will have a seminar format, students will be expected to complete assigned readings before class, so class time can focus on discussion.
Course Objectives: The theory of international trade and payments with attention to trade policy and the interaction of trade and development. The objective of this course is to (i) Understand the theories of international trade and finance, (ii) Evaluate trade policies and their impact on national and global economies, (iii) Analyze currency markets and understand the dynamics of exchange rates, (iv) Analyze the impact of trade on economic development and the environment. Furthermore, the course will develop students’ economic reasoning and inference. Course culminates in a research project analyzing a country's trade relationships, market access strategies, and role in global value chains.
Course Objectives: Introduction to microeconomics: the theory of market systems with attention to the theory of consumer behavior, the behavior of firms, and factor markets. This course will also provide an analysis of (i) consumer utility maximization, (ii) firm profit maximization, (iii) market structures and equilibrium, (iv) welfare, market failures, and regulation (v) strategic interactions and game theory. These topics will incorporate powerful analytical tools including constrained optimization and other useful mathematical techniques beyond the graphical analysis typically found in principles courses. At the end of this course students will be able to model consumer and producer objectives, yielding a fundamental understanding of consumer and producer behavior in the marketplace and how it relates to market outcomes.
Course Objectives: The objective of this course is to provide an analysis of (i) the theories of consumer choice/demand; (ii) the theories of production/cost/supply, (iii) market structures and equilibrium; (iv) welfare, market failures, and regulation; (v) costs of production and input optimization; (vi) strategic interactions and game theory. These topics not only emphasize the acquisition of analytical tools to examine a wide range of microeconomics events, but also provide students with an understanding of how individual market operate. In addition, student will examine how regulation, product characteristics, policy, pricing strategies, and other events affect market outcomes. Students will be able to 1) recognize how public policy can affect a specific market; 2) analyze and measure various market characteristics; 3) recognize how businesses make production decisions; and 4) understand how competition influences prices and business strategies.
Course Objectives: The objective of this course is to provide an analysis of (i) exchange; (ii) the theories of supply/demand; (iii) market structures and equilibrium. In addition, students will gain an understanding of (iv) Gross Domestic Product (GDP), unemployment, and inflation; (v) monetary/fiscal policy; and (vi) economic fluctuations related to aggregate demand/supply. These topics not only emphasize the acquisition of powerful analytical tools for understanding a wide range of macroeconomic events, but also show how economic events impact in the real world. Student will examine and discuss both the goals and challenges of crafting useful economic policy. Students will be able to 1) understand and interpret various economic indicators; 2) measure and analyze various macroeconomic attributes: growth, unemployment, and prices; 3) recognize the role of money in economy; and 4) comprehend various macroeconomic policies used by the govt.
Course Objectives: The objective of this course is to provide a rigorous analysis to (i) individual preference and the theories of demand; (ii) the theories of production, cost, and supply; (iii) market structure, equilibrium, and welfare; (iv) expected values and uncertainty; (v) risk aversion. These topics will expand students analytical skills and provide additional tools to analyze a wide range of micro-economic events, while providing a systematic application of logical reasoning. During our discussion and analysis, students will gain a greater understanding about insurance, firm strategy/behavior, and consumer preferences.
Course Objectives: The objective of this course is to provide students with analytical tools to analyze environmental and natural resource related issues. The framework used will be composed of theoretical concepts and mathematical models to evaluate a variety of real-world problems. Including the development of (i) the theories of social welfare, (ii) market evaluation of externalities, (iii) cost-benefit analysis, (iv) valuation of environmental amenities, (v) public policy in the context of market failure, and (vi) optimal use of natural resources. These topics will illustrate different institutional, scientific, and technological scenarios, which will facilitate policy analysis. Students will gain a greater understanding of the economic value of natural resources, while also learning a variety of commonly used policy tools.
Course Objectives: Industrial Organization is the economic analysis of imperfect competition under a variety of market structures. We will focus on i) the characteristics of various markets; ii) how market structure is related to profit and strategy; iii) how to measure competition within an industry; iv) price discrimination and a variety of pricing techniques employed by businesses; v) the role and limitation of regulation and public policy; vii) how to identify and calculate the welfare effects anti-competitive behavior. Students will be able to evaluate imperfect markets, measure market concentration and power, and recognize the strategies/techniques used by businesses in a variety of industries. In addition, students will spend additional time analyzing a specific market of their interest.