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.

 

 

International and Development Economics Program
Yale University
P.O. Box 208269
New Haven, CT 06520-8269
Tel: (203) 452-3610
Fax: (203) 432-3898
Email: ide@yale.edu

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