An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, M 9:00AM - 9:50AM
• Instructor: Barbera, Bob; Seshie-Nasser, Hellen
• Room: Gilman 50
• Status: Open
• Seats Available: 4/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, M 9:00AM - 9:50AM
• Instructor: Barbera, Bob; Seshie-Nasser, Hellen
• Room: Gilman 50
• Status: Open
• Seats Available: 1/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, T 9:00AM - 9:50AM
• Instructor: Barbera, Bob; Seshie-Nasser, Hellen
• Room: Gilman 50
• Status: Open
• Seats Available: 5/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, M 3:00PM - 3:50PM
• Instructor: Barbera, Bob; Seshie-Nasser, Hellen
• Room: Gilman 50
• Status: Open
• Seats Available: 1/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, M 3:00PM - 3:50PM
• Instructor: Barbera, Bob; Seshie-Nasser, Hellen
• Room: Gilman 50
• Status: Open
• Seats Available: 10/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, M 4:30PM - 5:20PM
• Instructor: Barbera, Bob; Seshie-Nasser, Hellen
• Room: Gilman 50
• Status: Open
• Seats Available: 7/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis with emphasis on demand and supply, relative prices, the allocation of resources, and the distribution of goods and services, theory of consumer behavior, theory of the firm, and competition and monopoly, including the application of microeconomic analysis to contemporary problems.

• Days/Times: MW 12:00PM - 1:15PM, Th 9:00AM - 9:50AM
• Instructor: Husain, Muhammad Mudabbir
• Room: Remsen Hall 1
• Status: Open
• Seats Available: 1/40
• PosTag(s): n/a

An introduction to the economic system and economic analysis with emphasis on demand and supply, relative prices, the allocation of resources, and the distribution of goods and services, theory of consumer behavior, theory of the firm, and competition and monopoly, including the application of microeconomic analysis to contemporary problems.

• Days/Times: MW 12:00PM - 1:15PM, Th 9:00AM - 9:50AM
• Instructor: Husain, Muhammad Mudabbir
• Room: Remsen Hall 1
• Status: Open
• Seats Available: 1/40
• PosTag(s): n/a

An introduction to the economic system and economic analysis with emphasis on demand and supply, relative prices, the allocation of resources, and the distribution of goods and services, theory of consumer behavior, theory of the firm, and competition and monopoly, including the application of microeconomic analysis to contemporary problems.

• Days/Times: MW 12:00PM - 1:15PM, F 9:00AM - 9:50AM
• Instructor: Husain, Muhammad Mudabbir
• Room: Remsen Hall 1
• Status: Open
• Seats Available: 2/40
• PosTag(s): n/a

Increased mobility of people across national borders, whether by choice or by force, has become an integral part of the modern world. Using a comparative perspective and an applied economics approach, the course explores the economic and political determinants, and (likely) consequences of migration flows for East Asia, the US and the EU. Lectures, assignments and in class discussions, will be built around the following topics: i) migrants’ self-selection; ii) human capital investment decision-making; iii) remittance decisions and effects; iv) impacts on labor markets of both receiving and sending countries; and v) the economic benefits from immigration. Overall, the course will give students perspective on the why people choose or feel compelled to leave their countries, how receiving countries respond to migrants’ presence, and the key economic policy concerns that are influencing the shaping of immigration policy in East Asia, the US, and the EU.

• Days/Times: T 1:30PM - 4:00PM
• Instructor: Dore, Giovanna Maria Dora
• Room: Hodson 303
• Status: Open
• Seats Available: 7/25
• PosTag(s): INST-ECON

This course covers some of the more contentious current debates in macroeconomics. Topics include: recent fiscal policy (did the 2021 stimulus overdo it? did workers benefit from the 2017 cut in the corporate tax?); unconventional monetary policies (have they helped?); modern monetary theory (sound doctrine or hokum?); why did interest rates trend lower for decades? backlash against globalization (warranted? unprecedented?); immigration (economic bane or boon?); rising income inequality (causes? consequences? pervasiveness?); has competition waned in US markets? Students will use the tools of economics to analyze these and other pressing issues. Though definitive answers may prove elusive, sound economic analysis can shed considerable light, not least by unmasking the political biases that often drive protagonists on both sides of these debates.

• Days/Times: W 3:00PM - 5:30PM
• Instructor: Feinman, Josh
• Room: Bloomberg 274
• Status: Open
• Seats Available: 5/20
• PosTag(s): ECON-FINMIN

This course will introduce students to the comparative analysis of institutions of existing capitalist systems and to the historical evolution of those institutions. By comparing the economic systems of different nations, we will try to reveal the institutional setups that either contribute or hinder economic performance. We will also examine the process of countries transforming their economies and investigate the factors that determine the differences in reforms’ outcomes between countries.

• Days/Times: TTh 1:30PM - 2:45PM
• Instructor: Poliakova, Ludmila
• Room: Maryland 217
• Status: Open
• Seats Available: 4/20
• PosTag(s): INST-ECON

This course introduces students to the major ideas of modern urban economics focused on the causes and consequences of urban economic growth, urban poverty and a city's quality of life. We will analyze basic questions such as; Why is Silicon Valley in Silicon Valley? Why did Beijing become so polluted? Why is crime high in Baltimore? Why does rich San Francisco face a homelessness challenge? The role of federal, state, and local government in urban life will be explored.

• Days/Times: TTh 3:00PM - 4:15PM
• Instructor: Fatehin, Sohani
• Room: Maryland 114
• Status: Open
• Seats Available: 4/20
• PosTag(s): n/a

Theory of comparative advantage and the international division of labor: the determinants and pattern of trade, factor price equalization, factor mobility, gains from trade and distribution of income, and theory and practice or tariffs and other trade restrictions. Recommended Course Background: AS.180.101.

• Days/Times: TTh 3:00PM - 4:15PM
• Instructor: Dasgupta, Somasree
• Room: Hodson 213
• Status: Open
• Seats Available: 5/60
• PosTag(s): INST-ECON

This course presents International Monetary Economics theory and applies it towards gaining an understanding of recent events and current policy issues. The theory presented in this course covers a broad range of topics including exchange rate determination, monetary and fiscal policy in an open economy, balance of payments crisis, the choice of exchange rate, and international debt. The insights provided by these theoretical frameworks will enable us to discuss topics such as the global financial crisis, global financial imbalances, the Chinese exchange rate regime, and proposed changes in the international financial architecture.

• Days/Times: TTh 10:30AM - 11:45AM
• Instructor: Poliakova, Ludmila
• Room: Maryland 109
• Status: Open
• Seats Available: 3/40
• PosTag(s): INST-ECON, ECON-FINMIN

In this course we will study the role of the government in the regulation of the environment. In the first half of the course we will take a broad overview of environmental economics. We will focus on evaluating the effectiveness and trade-offs associated with various tools used to regulate the environment, covering topics related to market failures, pollution regulation, and regulation under uncertainty. In the second half of the course, we take a more applied approach and consider topics related to particular environmental issues including climate change, study the functioning of particular industries such as energy and electricity, and consider challenges to regulation such as enforcement, international borders, and unknown control costs.

• Days/Times: TTh 10:30AM - 11:45AM
• Instructor: Elliott, Jonathan Tyler
• Room: Shaffer 302
• Status: Open
• Seats Available: 21/40
• PosTag(s): INST-ECON, ENVS-MAJOR, ENVS-MINOR

"We've begun to raise daughters more like sons... but few have the courage to raise our sons more like our daughters." ― Gloria Steinem This course aims to explore the differences in economic outcomes observed among women and men. We will study those differences in earnings, income, asset ownership, hours of work, unpaid work, poverty, and the allocation of resources within the household. The course explores the gender dimensions of paid labor and how gender roles in unpaid work and in caring labor impact how men and women participate in the formal and informal economy. It will evaluate women’s perspectives and experiences in the United States and around the world.

• Days/Times: WF 1:30PM - 2:45PM
• Instructor: Seshie-Nasser, Hellen
• Room: Gilman 377
• Status: Open
• Seats Available: 2/20
• PosTag(s): n/a

This course is an introduction to the financial management of a corporation. Students study the following broad questions. How should a firm decide whether to invest in a new project? How much debt and equity should a firm use to finance its activities? How should a firm pay its investors? How do taxes affect a firm’s investment and financing decisions? What determines the value of a firm? The emphasis throughout the course is on the economic principles that underlie answers to these questions.

• Days/Times: MW 12:00PM - 1:15PM
• Instructor: Duffee, Greg R
• Room: Hodson 213
• Status: Open
• Seats Available: 5/60
• PosTag(s): CLE-ENTR

The course will seek to discuss and illuminate the information (news reports, industry reports, government statistics, and proprietary indicators) that investors use to make investment decisions. The course will be conducted in the framework of a weekly investment committee format wherein information is processed to maximize an investment portfolio’s return to risk. Each class will be conducted in two parts. The first part will require students to share with the class information gathered from their assigned specialty (e.g.: fixed income, equities, emerging markets, commodities) and the second part will require group interaction as to what decisions need to be made to a hypothetical portfolio in order to maximize objectives. The course will require regular reading of financial and economic news as well as numerous assigned industry and academic research related to global finance. Other: this course will require quite a bit of reading and regular interaction in group discussion and with the instructor.

• Days/Times: W 3:00PM - 5:30PM
• Instructor: Heerdt, Kevin M.
• Room: Gilman 35
• Status: Open
• Seats Available: 5/10
• PosTag(s): n/a

An introduction to the modern theory of allocation of resources, starting with the theories of the individual consumer and producer, and proceeding to analysis of systems of interacting individuals, first in the theory of exchange, then to systems which include production as well. A grade of C or higher is recommended in Elements of Micro (AS 180.102) and Elements of Macro (AS 180.101) to take this course.

• Days/Times: TTh 1:30PM - 2:45PM, Th 4:30PM - 5:20PM
• Instructor: Fatehin, Sohani
• Room: Hodson 210
• Status: Open
• Seats Available: 1/42
• PosTag(s): n/a

An introduction to the modern theory of allocation of resources, starting with the theories of the individual consumer and producer, and proceeding to analysis of systems of interacting individuals, first in the theory of exchange, then to systems which include production as well. A grade of C or higher is recommended in Elements of Micro (AS 180.102) and Elements of Macro (AS 180.101) to take this course.

• Days/Times: TTh 1:30PM - 2:45PM, F 9:00AM - 9:50AM
• Instructor: Fatehin, Sohani
• Room: Hodson 210
• Status: Open
• Seats Available: 17/42
• PosTag(s): n/a

The course provides a treatment of macroeconomic theory including a static analysis of the determination of output, employment, the price level, the rate of interest, and a dynamic analysis of growth, inflation, and business cycles. In addition, the use and effectiveness of monetary and fiscal policy to bring about full employment, price stability, and steady economic growth will be discussed. A grade of C or higher is recommended in Elements of Micro (AS 180.102) and Elements of Macro (AS 180.101) to take this course.

• Days/Times: TTh 10:30AM - 11:45AM, Th 3:00PM - 3:50PM
• Instructor: Ball, Laurence M
• Room: Mergenthaler 111
• Status: Open
• Seats Available: 32/42
• PosTag(s): n/a

The course provides a treatment of macroeconomic theory including a static analysis of the determination of output, employment, the price level, the rate of interest, and a dynamic analysis of growth, inflation, and business cycles. In addition, the use and effectiveness of monetary and fiscal policy to bring about full employment, price stability, and steady economic growth will be discussed. A grade of C or higher is recommended in Elements of Micro (AS 180.102) and Elements of Macro (AS 180.101) to take this course.

• Days/Times: TTh 10:30AM - 11:45AM, F 9:00AM - 9:50AM
• Instructor: Ball, Laurence M
• Room: Mergenthaler 111
• Status: Open
• Seats Available: 8/42
• PosTag(s): n/a

In this course we'll discuss the theory of decision making in the face of risk, the theory of risk aversion and its applications to financial and insurance markets. Building on the theory of individual decision making under risk, we will study the economic implications of asymmetric information, the type of market failures produced by adverse selection and moral hazard problems, and the models that were advanced to analyze these problems, including incentive contracts, screening and signaling equilibria.

• Days/Times: MW 1:30PM - 2:45PM
• Instructor: Karni, Edi
• Room: Hodson 211
• Status: Open
• Seats Available: 1/10
• PosTag(s): n/a

An introduction to alternative investments taught by a hedge fund industry professional. This course will explore alternative asset classes including hedge funds, private equity, and real assets. Students will investigate the relationship between investment managers, institutional capital allocators, and the banking system. The class will examine the role alternative assets play in an institutional portfolio. Select JHU alumni and institutional investors will share firsthand insight throughout the semester.

• Days/Times: Th 1:30PM - 4:00PM
• Instructor: Ginsberger, Sarah
• Room: Hodson 303
• Status: Open
• Seats Available: 2/25
• PosTag(s): ECON-FINMIN

This course will provide students with the theoretical tools and historical context to understand financial crises and debt crises. We will review famous examples, such as the banking panics of the Great Depression and the Eurozone Sovereign Debt Crises, and use economic theory to understand how and why crises happen, as well as how policies can be designed to prevent them or mitigate their effects. Topics to be covered include banking crises, currency crises, sovereign debt crises, private debt crises, panics, and the relationships between them.

• Days/Times: TTh 9:00AM - 10:15AM
• Instructor: Fourakis, Stelios Stephen
• Room: Krieger 180
• Status: Open
• Seats Available: 15/25
• PosTag(s): ECON-FINMIN, INST-ECON

This course covers economic models to understand the determinants of health, the demand for health services, the market supply of health services in competitive and non-competitive markets, the provision of health insurance, access to prescription drugs, and the process of innovation and diffusion in health. It exposes the students to the main market failures in healthcare as well as analyzes health policy options to solve these market shortcomings. The course provides an overview of recent advances in the field of health economics in the areas of research methods, data analysis, and well-establish findings while including the discussion of unsolved issues in the field. Recommended background: AS.180.289

• Days/Times: W 1:30PM - 4:00PM
• Instructor: Trujillo, Antonio Jose
• Room: Clark 210
• Status: Open
• Seats Available: 3/15
• PosTag(s): n/a

Introduction to the methods of estimation in economic research. The first part of the course develops the primary method employed in economic research, the method of least squares. This is followed by an investigation of the performance of the method in a variety of important situations. The development of a way to handle many of the situations in which ordinary least squares is not useful, the method of instrumental variables, concludes the course.

• Days/Times: MW 1:30PM - 2:45PM, Th 4:30PM - 5:20PM
• Instructor: Wright, Jonathan H
• Room: Shaffer 304
• Status: Waitlist Only
• Seats Available: 0/25
• PosTag(s): n/a

Introduction to the methods of estimation in economic research. The first part of the course develops the primary method employed in economic research, the method of least squares. This is followed by an investigation of the performance of the method in a variety of important situations. The development of a way to handle many of the situations in which ordinary least squares is not useful, the method of instrumental variables, concludes the course.

• Days/Times: MW 1:30PM - 2:45PM, F 9:00AM - 9:50AM
• Instructor: Wright, Jonathan H
• Room: Shaffer 304
• Status: Waitlist Only
• Seats Available: 0/25
• PosTag(s): n/a

Will sketch out a strategy for anticipating economic turning points. Business cycle basics, monetary policy/financial market/real economy interactions will be reviewed. Long-term growth issues will be explored.

• Days/Times: W 1:30PM - 4:00PM
• Instructor: Barbera, Bob
• Room: Shriver Hall 104
• Status: Open
• Seats Available: 2/10
• PosTag(s): ECON-FINMIN

This course charts a narrative for the evolution of macroeconomics from its very initiation to its present formulation in a way that is sensitive to issues of principle and of policy, and without becoming totally subservient to the disciplinary boundaries within which the problems are formulated and studied. Rather than macroeconomics as a subject that takes its shape in current conventional texts, the focus of the course shall be how it got there. As such, it touches on the development of ideas and intellectual history. The course will be mathematically self-contained but will pre-suppose conceptual sophistication that one expects after completion of courses in micro and macroeconomics at the intermediate level. The course is open to students in the sister-disciplines in anthropology, political science, and sociology, but it would be advisable for interested students in these departments to talk to the instructors.

• Days/Times: T 1:30PM - 4:00PM
• Instructor: Khan, Mohammed Ali
• Room: Clark 210
• Status: Open
• Seats Available: 5/15
• PosTag(s): n/a

This course focuses on the economics of poverty and inequality. It covers the measurement of poverty and inequality, facts and trends over time, the causes of poverty and inequality with a focus on those related to earnings and the labor market, and public policy toward poverty and inequality, covering both taxation and government expenditure and programs. By the nature of the material, the course is fairly statistical and quantitative. Students should have an intermediate understanding of microeconomic concepts. Basic knowledge of regression analysis is also helpful.

• Days/Times: MW 1:30PM - 2:45PM
• Instructor: Husain, Muhammad Mudabbir
• Room: Hodson 216
• Status: Open
• Seats Available: 11/18
• PosTag(s): INST-ECON

Why are some countries rich while some other countries poor? Why does a country’s income per person generally grow over time? We try to analyze these questions using the theoretical and empirical growth literature. We will study seminal growth models, and also try to explain cross-country income differences in terms of factors like geography, institutions and global integration. Knowledge of regression analysis (including instrumental variables estimation) is required.

• Days/Times: TTh 12:00PM - 1:15PM
• Instructor: Dasgupta, Somasree
• Room: Gilman 119
• Status: Open
• Seats Available: 3/15
• PosTag(s): INST-ECON

Investment securities and their markets, especially the stock market. The relations between expected return and risk. The determination of security prices. Financial portfolio selection. The assessment of the performance of managed portfolios.

• Days/Times: TTh 10:30AM - 11:45AM
• Instructor: Bianchi, Francesco
• Room: Gilman 50
• Status: Open
• Seats Available: 19/60
• PosTag(s): n/a

The purpose of the course is to show how experimental, quasi-experimental, and non- experimental methods can be used to advance scientific knowledge about topics in economics and answer important public policy and business questions. It will teach students the empirical techniques required to analyze data to draw causal inference. The course will begin with a focus on the use of experimental methods in economics. Students will then proceed to learn and apply alternative empirical methods that can be employed to establish cause and effect when data are not obtained from a fully randomized setting. The tools and topics that are covered will be relevant to students interested in economics or other social sciences.

• Days/Times: MW 1:30PM - 2:45PM
• Instructor: Isen, Adam M
• Room:  
• Status: Open
• Seats Available: 6/8
• PosTag(s): n/a

Economists increasingly incorporate insights from psychology into models of rational decision-making. Known as "behavioral economics", this line of research considers how, for example, emotions, rules-of-thumb, biased beliefs and time-inconsistent preferences influence how we make choices. Behavioral economics increasingly pervades policy discussions on topics as diverse as: obesity, the role of media, subprime mortgages and voting patterns. Behavioral models are certainly novel, but do they help us to design superior social policies? With the goal of preparing students to address this question, this course (1) provides a thorough overview of the main contributions of behavioral economics, highlighting departures from more traditional economic models and (2) emphasizes how behavioral economic models might (or might not) improve how we think about social policy.

• Days/Times: TTh 9:00AM - 10:15AM
• Instructor: Papageorge, Nick W
• Room: Hodson 303
• Status: Open
• Seats Available: 8/25
• PosTag(s): INST-ECON, BEHB-SOCSCI

This course introduces the basic tools of macroeconomics and teaches how they are applied to real world economic policy. Throughout the course, the main goals will be to a) study economic aggregates such as the overall price level; the unemployment rate and the GDP b)understand how they relate to each other. Attention will be given to fiscal and monetary policies. We will also analyze the recent COVID crisis and its impact on the economic activity.

• Days/Times:
• Instructor: Kodua, Nino
• Room:  
• Status: Open
• Seats Available: 23/35
• PosTag(s): n/a

An introduction to the economic system and economic analysis with emphasis on demand and supply, relative prices, the allocation of resources, and the distribution of goods and services, theory of consumer behavior, theory of the firm, and competition and monopoly, including the application of microeconomic analysis to contemporary problems.

• Days/Times:
• Instructor: Zheng, Xudong
• Room:  
• Status: Open
• Seats Available: 17/35
• PosTag(s): n/a

In this First-Year Seminar, we examine inequalities in income, wealth, and working conditions in the United States today. What do the historical trends look like and how do economists explain them? Is economic inequality a significant problem? If so, why? And what tools do we have in the policy arsenal to address it? We will draw on diverse sources, including economics readings, op-eds, podcasts, and short vignettes from literature to motivate our weekly discussions. Students will have the opportunity to present group research and lead class discussions drawing on the economic concepts developed in class. At the end of the semester, students will complete an individual research project exploring some aspect of current inequality, inspired by their own selection from literature, poetry, music, or film.

• Days/Times: Th 9:30AM - 12:00PM
• Instructor: Morgan, Barbara Anne
• Room: Greenhouse 113
• Status: Open
• Seats Available: 12/12
• PosTag(s): n/a

Social science is the scholarly study of society and social behavior. This First-Year Seminar will introduce students to the social sciences by studying poverty in America through the lens of economics and other social sciences, including sociology and anthropology. The quantitative approach taken by economics will be compared and contrasted with qualitative approaches. Illustrations of how the lives of the poor are led as depicted in ethnographic studies, movies, and literature will be studied to learn how integrated perspectives can be formed. Students will learn how to read scholarly articles with a critical eye, to speak about their interpretations of the material, and to write short critical essays. Students will also be introduced to quantitative analysis using graphs and tables. Group projects will be required. Guest lecturers bringing non-economics perspectives will visit the class.

• Days/Times: TTh 10:30AM - 11:45AM
• Instructor: Moffitt, Robert A
• Room: Gilman 134
• Status: Open
• Seats Available: 12/12
• PosTag(s): n/a

An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, M 9:00AM - 9:50AM
• Instructor: Barbera, Bob; Seshie-Nasser, Hellen
• Room: Remsen Hall 101
• Status: Open
• Seats Available: 4/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, M 9:00AM - 9:50AM
• Instructor: Barbera, Bob; Seshie-Nasser, Hellen
• Room: Remsen Hall 101
• Status: Open
• Seats Available: 16/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, M 3:00PM - 3:50PM
• Instructor: Seshie-Nasser, Hellen
• Room: Remsen Hall 101
• Status: Open
• Seats Available: 15/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, M 3:00PM - 3:50PM
• Instructor: Barbera, Bob; Seshie-Nasser, Hellen
• Room: Remsen Hall 101
• Status: Open
• Seats Available: 16/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, T 9:00AM - 9:50AM
• Instructor: Barbera, Bob; Seshie-Nasser, Hellen
• Room: Remsen Hall 101
• Status: Open
• Seats Available: 15/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis, with emphasis on total national income and output, employment, the price level and inflation, money, the government budget, the national debt, and interest rates. The role of public policy. Applications of economic analysis to government and personal decisions. Prerequisite: basic facility with graphs and algebra.

• Days/Times: WF 9:00AM - 9:50AM, T 3:00PM - 3:50PM
• Instructor: Barbera, Bob; Seshie-Nasser, Hellen
• Room: Remsen Hall 101
• Status: Open
• Seats Available: 17/20
• PosTag(s): n/a

An introduction to the economic system and economic analysis with emphasis on demand and supply, relative prices, the allocation of resources, and the distribution of goods and services, theory of consumer behavior, theory of the firm, and competition and monopoly, including the application of microeconomic analysis to contemporary problems.

• Days/Times: TTh 12:00PM - 1:15PM, Th 9:00AM - 9:50AM
• Instructor: Husain, Muhammad Mudabbir
• Room: Remsen Hall 101
• Status: Open
• Seats Available: 7/40
• PosTag(s): n/a

An introduction to the economic system and economic analysis with emphasis on demand and supply, relative prices, the allocation of resources, and the distribution of goods and services, theory of consumer behavior, theory of the firm, and competition and monopoly, including the application of microeconomic analysis to contemporary problems.

• Days/Times: TTh 12:00PM - 1:15PM, Th 9:00AM - 9:50AM
• Instructor: Husain, Muhammad Mudabbir
• Room: Remsen Hall 101
• Status: Open
• Seats Available: 25/40
• PosTag(s): n/a

An introduction to the economic system and economic analysis with emphasis on demand and supply, relative prices, the allocation of resources, and the distribution of goods and services, theory of consumer behavior, theory of the firm, and competition and monopoly, including the application of microeconomic analysis to contemporary problems.

• Days/Times: TTh 12:00PM - 1:15PM, F 9:00AM - 9:50AM
• Instructor: Husain, Muhammad Mudabbir
• Room: Remsen Hall 101
• Status: Open
• Seats Available: 23/40
• PosTag(s): n/a

An introduction to the economic system and economic analysis with emphasis on demand and supply, relative prices, the allocation of resources, and the distribution of goods and services, theory of consumer behavior, theory of the firm, and competition and monopoly, including the application of microeconomic analysis to contemporary problems.

• Days/Times: TTh 12:00PM - 1:15PM, F 9:00AM - 9:50AM
• Instructor: Husain, Muhammad Mudabbir
• Room: Remsen Hall 101
• Status: Open
• Seats Available: 31/40
• PosTag(s): n/a

In 2001, Jim O’Neill, the Chief Economist at Goldman Sachs, coined the acronym BRIC to identify the four large emerging economies, Brazil, Russia, India and China. These economies had an amazing run for the next decade, and emerged as the biggest and fastest growing emerging markets. However, since 2014 there has been some divergence in the BRICs’ economic performance. In this course, we look at the economic experiences of the BRIC countries for the past several decades. We discuss the reasons that contributed to their exceptional growth rates, with particular emphasis on their transformation into market economies, and the reasons for their eventual divergence. We also analyze some of the challenges that these countries continue to face in their development process.

• Days/Times: TTh 12:00PM - 1:15PM
• Instructor: Dasgupta, Somasree
• Room: Hodson 216
• Status: Waitlist Only
• Seats Available: 0/30
• PosTag(s): INST-ECON, INST-CP

Many sub-Saharan African countries are among the least developed countries in the world. In this course, we explore the economic development experiences of African countries, with more focus on sub-Saharan Africa. The course starts with a historical perspective, delves into development strategies, and examines evidence on successes and failures of some case study countries. We conclude by analyzing the many challenges that these countries continue to face in their development process. Elements of Microeconomics and Macroeconomics are required prerequisites. There would be group presentations on assigned readings.

• Days/Times: WF 1:30PM - 2:45PM
• Instructor: Seshie-Nasser, Hellen
• Room: Wyman Park W603
• Status: Waitlist Only
• Seats Available: 0/20
• PosTag(s): INST-ECON

Human capital is an important factor of economic growth in South Asian economies, along with physical capital and technology. Addressing health and education challenges has implications for improving a country’s human capital formation and income growth. In this course, we look at past and present health and educational outcomes in South Asian Countries. We discuss the gaps in access to education and health care services, the quality of education and health care services as well as the impacts on the productivity of the labor force. We also empirically analyze the link between economic growth and human capital development. Furthermore, we focus on some challenges and future policy options for economies in South Asia.

• Days/Times: MW 12:00PM - 1:15PM
• Instructor: Fatehin, Sohani
• Room: Hodson 216
• Status: Waitlist Only
• Seats Available: 0/15
• PosTag(s): INST-ECON

An introduction to the economic analysis of real estate markets. Various perspectives will be considered, including individual homeowners and renters, investors and financiers, and policymakers. Topics include the determinants of property valuations, financing considerations, real estate development, and analysis of real estate as an investment class. The course qualifies as an elective for the Financial Economics Minor.

• Days/Times: MW 1:30PM - 2:45PM
• Instructor: Daley, Brendan
• Room: Hodson 316
• Status: Waitlist Only
• Seats Available: 0/40
• PosTag(s): n/a

This course analyzes the financial and monetary system of the U.S. economy and the design and implementation of U.S. monetary policy. Among other topics, we will examine the role of banks in the economy, the term structure of interest rates, the stock market, the supply of money, the role of the Federal Reserve in the economy, the objectives of monetary policy in the United States and current monetary policy practice.

• Days/Times: TTh 10:30AM - 11:45AM
• Instructor: Poliakova, Ludmila
• Room: Ames 234
• Status: Open
• Seats Available: 17/60
• PosTag(s): INST-ECON, ECON-FINMIN

Understanding design and functioning of financial markets and institutions, connecting theoretical foundations and real-world applications and cases. Basic principles of asymmetric information problems, management of risk. Money, bond, and equity markets; investment banking, security brokers, and venture capital firms; structure, competition, and regulation of commercial banks. Importance of electronic technology on financial systems.

• Days/Times: W 3:00PM - 5:30PM
• Instructor: Feinman, Josh
• Room: Gilman 132
• Status: Waitlist Only
• Seats Available: 0/40
• PosTag(s): INST-ECON, ECON-FINMIN

The precursors to modern hedge funds began more than 50 years ago, but in the 1990s the hedge fund, or alternative investments, industry began a period of rapid growth and evolution. With growth came controversy. Some argue that hedge funds, by allowing immense amounts of capital to be rapidly and freely deployed, play a vital role in pushing prices toward the efficient markets ideal. Others claim that hedge funds may accentuate speculative price dynamics, threatening the stability of the financial sector. While many hedge funds claim to offer outstanding returns to investors, data suggest that many clients end up paying high fees for unspectacular results. This course examines these and other controversies, while tracing the history of the alternative investments industry over the last 25 years.

• Days/Times: TTh 12:00PM - 1:15PM
• Instructor: Heerdt, Kevin M.
• Room: Hodson 303
• Status: Open
• Seats Available: 5/25
• PosTag(s): ECON-FINMIN

The course will seek to discuss and illuminate the information (news reports, industry reports, government statistics, and proprietary indicators) that investors use to make investment decisions. The course will be conducted in the framework of a weekly investment committee format wherein information is processed to maximize an investment portfolio’s return to risk. Each class will be conducted in two parts. The first part will require students to share with the class information gathered from their assigned specialty (e.g.: fixed income, equities, emerging markets, commodities) and the second part will require group interaction as to what decisions need to be made to a hypothetical portfolio in order to maximize objectives. The course will require regular reading of financial and economic news as well as numerous assigned industry and academic research related to global finance. Other: this course will require quite a bit of reading and regular interaction in group discussion and with the instructor.

• Days/Times: TTh 3:00PM - 4:15PM
• Instructor: Heerdt, Kevin M.
• Room: Gilman 313
• Status: Open
• Seats Available: 11/15
• PosTag(s): ECON-FINMIN

Application of economic concepts and analysis to the health services system. Review of empirical studies of demand for health services, behavior of providers, and relationship of health services to population health levels. Discussion of current policy issues relating to financing and resource allocation.

• Days/Times: M 4:30PM - 7:00PM
• Instructor: De Broucker, Gatien
• Room: Krieger 170
• Status: Waitlist Only
• Seats Available: 0/40
• PosTag(s): INST-ECON, PHIL-BIOETH, SPOL-UL

An introduction to the modern theory of allocation of resources, starting with the theories of the individual consumer and producer, and proceeding to analysis of systems of interacting individuals, first in the theory of exchange, then to systems which include production as well. A grade of C or higher is recommended in Elements of Micro (AS 180.102) and Elements of Macro (AS 180.101) to take this course.

• Days/Times: TTh 10:30AM - 11:45AM, F 9:00AM - 9:50AM
• Instructor: Chen, Ying
• Room: Hodson 210
• Status: Waitlist Only
• Seats Available: 1/42
• PosTag(s): n/a

An introduction to the modern theory of allocation of resources, starting with the theories of the individual consumer and producer, and proceeding to analysis of systems of interacting individuals, first in the theory of exchange, then to systems which include production as well. A grade of C or higher is recommended in Elements of Micro (AS 180.102) and Elements of Macro (AS 180.101) to take this course.

• Days/Times: TTh 10:30AM - 11:45AM, Th 9:00AM - 9:50AM
• Instructor: Chen, Ying
• Room: Hodson 210
• Status: Waitlist Only
• Seats Available: 0/42
• PosTag(s): n/a

The course provides a treatment of macroeconomic theory including a static analysis of the determination of output, employment, the price level, the rate of interest, and a dynamic analysis of growth, inflation, and business cycles. In addition, the use and effectiveness of monetary and fiscal policy to bring about full employment, price stability, and steady economic growth will be discussed. A grade of C or higher is recommended in Elements of Micro (AS 180.102) and Elements of Macro (AS 180.101) to take this course.

• Days/Times: TTh 1:30PM - 2:45PM, Th 9:00AM - 9:50AM
• Instructor: Poliakova, Ludmila
• Room: Olin 305
• Status: Waitlist Only
• Seats Available: 0/42
• PosTag(s): n/a

The course provides a treatment of macroeconomic theory including a static analysis of the determination of output, employment, the price level, the rate of interest, and a dynamic analysis of growth, inflation, and business cycles. In addition, the use and effectiveness of monetary and fiscal policy to bring about full employment, price stability, and steady economic growth will be discussed. A grade of C or higher is recommended in Elements of Micro (AS 180.102) and Elements of Macro (AS 180.101) to take this course.

• Days/Times: TTh 1:30PM - 2:45PM, F 9:00AM - 9:50AM
• Instructor: Poliakova, Ludmila
• Room: Olin 305
• Status: Waitlist Only
• Seats Available: 0/42
• PosTag(s): n/a

The course will review selected topics in international macroeconomics and finance. The topics include: financial globalization; international portfolio diversification; capital account liberalization and the choice of the exchange rate regime in emerging markets. The analysis will be motivated by current policy issues but will also be based on mathematical models of the international economy.

• Days/Times: TTh 1:30PM - 2:45PM
• Instructor: Jeanne, Olivier
• Room: Shriver Hall 104
• Status: Waitlist Only
• Seats Available: 0/25
• PosTag(s): INST-ECON, ECON-FINMIN

In this course we'll discuss the theory of decision making in the face of risk, the theory of risk aversion and its applications to financial and insurance markets. Building on the theory of individual decision making under risk, we will study the economic implications of asymmetric information, the type of market failures produced by adverse selection and moral hazard problems, and the models that were advanced to analyze these problems, including incentive contracts, screening and signaling equilibria.

• Days/Times: MW 1:30PM - 2:45PM
• Instructor: Karni, Edi
• Room: Shriver Hall 104
• Status: Open
• Seats Available: 1/10
• PosTag(s): n/a

This course explores the economic rationale for, and consequence of, antitrust laws. In addition to economic analysis we will study landmark antitrust cases.

• Days/Times: Th 1:30PM - 4:00PM
• Instructor: Hamilton, Bruce W
• Room: Shaffer 202
• Status: Waitlist Only
• Seats Available: 0/20
• PosTag(s): n/a

This course will explore topics raised by the world's rapidly changing financial arrangements. Topics will include the following. Cryptocurrencies and decentralized finance: game changers or economic aberrations? Artificial intelligence in finance: Game changer for good and for ill. Central bank digital currencies: Do we need one? Don’t we already have one? Passive investing and meme stocks: implications of broad public involvement in equity markets. Financial stability and innovation: inherent conflict and how to manage it.

• Days/Times: W 1:30PM - 3:00PM
• Instructor: Faust, Jon
• Room: Wyman Park 350
• Status: Waitlist Only
• Seats Available: 0/10
• PosTag(s): ECON-FINMIN

Introduction to the methods of estimation in economic research. The course begins with a review of basic statistics. This is followed by developing the primary method employed in economic research, the method of least squares, and an investigation of the performance of this method in a variety of important situations. The course considers a way to handle many of the situations in which ordinary least squares is not useful, the method of instrumental variables. The modeling of economic time series, binary dependent variables, panel data and differences in differences are all also considered. Applications are intended to showcase how the tools of econometrics can be brought to bear on important policy questions.

• Days/Times: MW 1:30PM - 2:45PM, Th 9:00AM - 9:50AM
• Instructor: Li, Lixiong
• Room: Shaffer 301
• Status: Reserved Open
• Seats Available: 4/25
• PosTag(s): n/a

Introduction to the methods of estimation in economic research. The course begins with a review of basic statistics. This is followed by developing the primary method employed in economic research, the method of least squares, and an investigation of the performance of this method in a variety of important situations. The course considers a way to handle many of the situations in which ordinary least squares is not useful, the method of instrumental variables. The modeling of economic time series, binary dependent variables, panel data and differences in differences are all also considered. Applications are intended to showcase how the tools of econometrics can be brought to bear on important policy questions.

• Days/Times: MW 1:30PM - 2:45PM, F 9:00AM - 9:50AM
• Instructor: Li, Lixiong
• Room: Shaffer 301
• Status: Reserved Open
• Seats Available: 4/25
• PosTag(s): n/a

Introduction to the methods of estimation in economic research. The course begins with a review of basic statistics. This is followed by developing the primary method employed in economic research, the method of least squares, and an investigation of the performance of this method in a variety of important situations. The course considers a way to handle many of the situations in which ordinary least squares is not useful, the method of instrumental variables. The modeling of economic time series, binary dependent variables, panel data and differences in differences are all also considered. Applications are intended to showcase how the tools of econometrics can be brought to bear on important policy questions.

• Days/Times: MW 1:30PM - 2:45PM, Th 3:00PM - 3:50PM
• Instructor: Li, Lixiong
• Room: Shaffer 301
• Status: Reserved Open
• Seats Available: 4/25
• PosTag(s): n/a

This course will overview popular causal inference methods and their applications in the economics of race, gender, and culture. For each causal inference method, the class will cover the econometric theory and how to implement the method in the STATA program. Students will solve many STATA exercises in class, so they must bring a laptop to those classes. Next, we will discuss papers that used the method to answer a research question about race, gender, and culture. The topics to cover include how to show there is racial/gender discrimination and how preference is formed.

• Days/Times: Th 3:00PM - 5:30PM
• Instructor: Hwang, Yujung
• Room:  
• Status: Waitlist Only
• Seats Available: 0/10
• PosTag(s): INST-ECON

The course discusses various issues in labor markets from the perspective of economic theory. We first study the major forces at work that shape labor market behavior; firms’ labor demand and workers’ labor supply. Then we discuss the equilibrium behavior of employment and wages. Using these tools, we also cover various applied topics in labor economics, such as minimum wage regulations, male-female wage differentials, human capital investment, worker mobility, and unemployment.

• Days/Times: TTh 10:30AM - 11:45AM
• Instructor: Husain, Muhammad Mudabbir
• Room: Maryland 114
• Status: Waitlist Only
• Seats Available: 0/10
• PosTag(s): INST-ECON

This course explores issues related to expenditure and tax policies of governments, as well as views regarding the purpose of government and criteria for evaluating government actions. The course also includes a discussion of how group or collective choices are made within society, how environmental policies affect the level of pollution, and the importance of public debt.

• Days/Times: MW 1:30PM - 2:45PM
• Instructor: Fatehin, Sohani
• Room: Hodson 216
• Status: Open
• Seats Available: 4/15
• PosTag(s): n/a

We apply the tools of economic analysis to understand behaviors that are enjoyable today, but may have negative consequences in the future.

• Days/Times: TTh 9:00AM - 10:15AM
• Instructor: Papageorge, Nick W
• Room: Gilman 77
• Status: Waitlist Only
• Seats Available: 0/10
• PosTag(s): SPOL-UL

This course builds on AS.180.302 (Macroeconomic Theory) to consider the leading macroeconomic controversies of today (such as the appropriate monetary and fiscal policies of the Federal Reserve and U.S. Government). The classes will include frequent student presentations.

• Days/Times: TTh 1:30PM - 2:45PM
• Instructor: Ball, Laurence M
• Room: Gilman 10
• Status: Open
• Seats Available: 7/10
• PosTag(s): n/a

This course will introduce students to the components involved in writing a research paper in economics or other quantitative disciplines, by spending the semester having them writing such a paper. Early in the semester, each student will pick a topic for their paper, which will consist just of a brief description of the question (probably a topic they have studied in a previous course). As the semester progresses, the student will learn how to flesh out this germ of a topic into a full-length paper using many of the internet and other tools that are used by scholars in their own research. These include tools for exploring a topic (Google Scholar; ChatGPT; Wikipedia); compiling a bibliography of references to your subject (LitMaps; PaperPile); creating a document with appropriate content (Jupyter notebooks); project management and collaboration via GitHub; generation and incorporation of figures and tables; and the preparation of slide presentations. This will be a hands-on course: Students will bring their laptops to the lecture and the use of the tools will be taught live and interactively. Writing assignments will take the form of Jupyter notebooks (or, for any graduate student enrollees, LaTeX documents). Recommended Course Background: some familiarity with python or other modern programming languages (though having taken a formal course in such a language is not required).

• Days/Times: M 3:00PM - 5:30PM
• Instructor: Carroll, Chris
• Room: Hodson 311
• Status: Open
• Seats Available: 1/10
• PosTag(s): n/a

In health care markets, uncertainty and information asymmetries are pervasive problems, which have profound impacts on the health of individuals and populations, and the costs of the health care system. This course uses economic models and methods to understand how these problems affect treatment decisions and therefore health outcomes and costs. We will focus on models that clarify the misaligned incentives among patients, providers, and payers, and on recent research that provides evidence of these problems in specific areas of care and suggests potential solutions. Students will develop an original research project that examines these issues in detail in a specific context, using a mix of data, simulations, and theoretical analysis. Recommended Course Background: AS.180.289 for understanding of the US health care system and AS.180.334 for econometric methods (could be taken concurrently).

• Days/Times: MW 1:30PM - 2:45PM
• Instructor: Richards-Shubik, Seth
• Room: Shriver Hall 001
• Status: Open
• Seats Available: 4/10
• PosTag(s): n/a

Over the past three decades, East Asia has been the most dynamic region in the world. East Asia has a remarkable record of high and sustained economic growth. From 1965 to 1990, the twenty-three economies of East Asia grew faster than all other regions of the world mostly thanks to the ‘miraculous growth’ of Japan, Korea, Singapore, Taiwan, China, Indonesia, Malaysia, and Thailand; these eight countries, in fact, have grown roughly three times as fast as Latin America and South Asia, five times faster than Sub-Saharan Africa, and significantly outperformed the industrial economies and the oil-rich Middle East and North Africa regions. Poverty levels have plummeted and human-development indicators have improved across the region. The course is divided into three parts to allow students to develop expertise in one or more countries and/or policy arenas, while also cultivating a broad grasp of the region and the distinct challenges of “fast-paced, sustained economic growth.” Part I will introduce the subject, consider the origins of Asian economic development, and analyse the common economic variables behind the region’s success. It will look at the East Asian Crisis and will consider its lessons and assess whether or not East Asian countries have learned them. While the course will show that there are many common ingredients to the success of the region’s economies, it will also show that each country is different, and that differences could be, at times, quite stark. Hence, Part II will focus on the development experiences of individual countries, with a special emphasis on the ASEAN economies, NIEs, Japan and China. Finally, Part III will consider various topics of special interest to Asia, including trends toward greater regional economic cooperation, both in the real and financial/monetary sectors, and issues related to poverty, migration, and inclusiveness in the region. NOTE: Contact Dr. Dore if prerequisites are not met.

• Days/Times: M 1:30PM - 4:00PM
• Instructor: Dore, Giovanna Maria Dora
• Room: Croft Hall G02
• Status: Open
• Seats Available: 1/20
• PosTag(s): INST-ECON

We study the relationship between workers and employers in the employment contract, understanding the conflict of interest between the parties to the contract and the opportunities for gains from cooperation. We identify how power is exercised in the employer-worker relationship and we explore the role of technology and innovation, showing how monitoring technologies can make employment outcomes more efficient and more unequal. We examine how trust and reciprocity may substitute for monitoring and how workers may investigate alternative institutional arrangements to exert countervailing power to employers (unions, cooperatives, democratic participation).

• Days/Times: MW 1:30PM - 2:45PM
• Instructor: Halliday, Simon
• Room: Gilman 313
• Status: Open
• Seats Available: 11/15
• PosTag(s): AGRI-ELECT