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Core Curriculum
The IDE program of study revolves around a core curriculum of five required
courses. These courses are designed to provide students with rigorous
academic training as well as with tools that can be used in policy making.
These semester-long courses are required of all students.
Econ 545
Economic Analysis – Micro
In contrast to a first-year Ph.D. course in Microeconomics, this
course stresses applications, while still requiring a high level of
analytical rigor. Theory of the consumer and theory of the firm are taught
with an eye towards using the theory to analyze policy proposals and
non-standard market structures. Game theory, market level analysis, and
choice under uncertainty are also covered.
Econ 546
Economic Analysis – Macro
An intensive course in macroeconomic analysis: consumption and
investment decisions, short-run income determination, monetary and fiscal
policies to meet inflation and employment targets, growth theory, and
international policy are topics covered.
Econ 558
Statistics and Econometrics
This course covers the elements of probability and statistics
needed for regression analysis in the first few lectures. We then move to a
scalar treatment of econometrics and some applied work in Stata. The course
also has a self-contained treatment of linear (or matrix) algebra that is
useful for econometrics. The ultimate goal of the course is to produce
students who can use econometric software for data analysis while having a
solid basis in the theoretical concepts. Exercises late in the course
require the use of econometric software, and students also develop skill in
interpreting and understanding regression output and how it pertains to
economic and policy questions.
Econ 702
International Economics -- Trade and Finance
This course explores international monetary theory and its
implications for economic policy. Topics include mechanisms for adjustment
in the balance of payments; fiscal, monetary, and exchange rate policy for
internal and external balance; and international movements of capital.
Econ 732
Economic Development -- Theory and Policy
This course examines the models constructed by classical and modern
economists to explain long-term economic growth in developing countries and
the empirical relevance of these models to the present-day developing
countries. Specific topics to be covered include: income distribution;
foreign trade problems; population growth; savings behavior; and the role of
government. This course will also include consideration of some or all of
the following issues in development policy: employment and unemployment;
poverty among the working poor; education and human resources policy; fiscal
policies; and rural development.
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