Covers basic elements of microeconomic and marcoeconomic reasoning at an introductory level. Topics include Individual Constraints and Preferences, Production by Firms, Market Transactions, Competition, The Distribution of Income, Technological Progress and Growth, Unemployment and Inflation, the Role of Government in the Economy. Note: Students cannot get credit for ECON BC1003 if they have taken the Columbia introductory course ECON W1105 Principles of Economics.
Covers basic mathematical methods required for intermediate theory courses and upper level electives in economics, with a strong emphasis on applications. Topics include simultaneous equations, functions, partial differentiation, optimization of functions of more than one variable, constrained optimization, and financial mathematics. This course satisfies the Calculus requirement for the Barnard Economics major. NOTE: students who have previously taken Intermediate Micro Theory (ECON BC3035 or the equivalent) are *not* allowed to take Math Methods for Economics.
Prerequisites: (ECON BC1003 or ECON UN1105) Students will learn how to write computer programs that can be used to solve assignment problems, including matching buyers with sellers in electronic financial markets, as well as assignment problems that dont involve prices: matching organ donors with recipients, residents with hospitals, and students with high schools for example. The programming language used will be MATLAB. Suitable for students with little or no programming background.
Prerequisites: ECON BC3033 or ECON BC3035, and ECON BC2411 or STAT W1111 or STAT W1211, or permission of the instructor. Specification, estimation and evaluation of economic relationships using economic theory, data, and statistical inference; testable implications of economic theories; econometric analysis of topics such as consumption, investment, wages and unemployment, and financial markets.
Prerequisites: (Econ BC 3035) or (Econ BC 3033) This course examines a wide variety of topics about migration and its relationship to economic development, globalization, and social and economic mobility. At its core, this course reflects a key reality: that the movement of people--within regions, within countries, and across borders--is both the result of and impetus for economic change.
Prerequisites: ECON UN3211 and ECON UN3213 and STAT UN1201 Institutional nature and economic function of financial markets. Emphasis on both domestic and international markets (debt, stock, foreign exchange, eurobond, eurocurrency, futures, options, and others). Principles of security pricing and portfolio management; the Capital Asset Pricing Model and the Efficient Markets Hypothesis.
The course is an introduction to the economic developments that gave rise to capitalist economies and economic globalization from 1500 to the 20th century. We apply economic and empirical reasoning to examine many transformations that have shaped the economies of the modern era—demographic, technological, and institutional changes. We compare the rise of Europe and other Eurasian civilizations, especially China. We examine the role of slavery and imperialism in global economic integration. We examine how the rise of modern capitalism influenced human material well-being and conflict and has led to the convergence and divergence of nations in the global economy.
Prerequisites: An introductory course in economics and a functioning knowledge of high school algebra and analytical geometry or permission of the instructor. Systematic exposition of current macroeconomic theories of unemployment, inflation, and international financial adjustments.
Prerequisites: An introductory course in microeconomics or a combined macro/micro principles course (ECON BC1003 or ECON W1105, or the equivalent) and one semester of calculus or ECON BC1007, or permission of the instructor. Preferences and demand; production, cost, and supply; behavior of markets in partial equilibrium; resource allocation in general equilibrium; pricing of goods and services under alternative market structures; implications of individual decision-making for labor supply; income distribution, welfare, and public policy. Emphasis on problem solving.
Prerequisites: ECON BC1003 or ECON W1105. Prerequisite for Economics majors: ECON BC3035. Link between economic behavior and environmental quality: valuation of non-market benefits of pollution abatement; emissions standards; taxes; and transferable discharge permits. Specific problems of hazardous waste; the distribution of hazardous pollutants across different sub-groups of the U.S. population; the exploitation of commonly owned natural resources; and the links between the environment, income distribution, and economic development.
Prerequisites: An introductory course in economics or permission of the instructor. Intellectual origins of the main schools of thought in political economy. Study of the founding texts in classical political economy, Marxian economics, neoclassicism, and Keynesianism.
This course reviews the assumption of rationality in microeconomic theory and presents evidence (primarily from experimental psychology and economics) of how judgement and decision-making systematically deviate from what rationality predicts.
Health economics is an expansive and growing field within the larger microeconomic literature. From examining the impact of Medicaid on health care utilization to the public health consequences of marijuana legalization, health economics offers a variety of profound economic insights and policy recommendations. This course uses many familiar concepts from microeconomic theory and econometrics in order to better understand health and healthcare—with students engaging economic models describing the demand for health, addiction, medical care, health insurance, and risky behaviors in addition to interpreting important empirical evidence within these spaces.
Prerequisites: Permission of the instructor and completion of all courses (except for the senior requirement) required for the economics track, political economy track, or economics and mathematics majors. Exceptions to these prerequisites may be granted by the chair of the department only. Tutorials and conferences on the research for and writing of the senior thesis. This is the 2nd semester of a two-semester course sequence.
Prerequisites: Permission of the instructor and the completion of all courses (except for the senior requirement) required for the economics track, political economy track, or economics and mathematics majors. Exceptions to these prerequisites may be granted by the chair of the department only. Seminar sections are limited to 15 students. A topic in economic theory or policy of the instructors choice. See department for current topics and for senior requirement preference forms.
Prerequisites: Permission of the instructor and the completion of all courses (except for the senior requirement) required for the economics track, political economy track, or economics and mathematics majors. Exceptions to these prerequisites may be granted by the chair of the department only. Seminar sections are limited to 15 students. A topic in economic theory or policy of the instructors choice. See department for current topics and for senior requirement preference forms.
Prerequisites: Permission of the instructor and the completion of all courses (except for the senior requirement) required for the economics track, political economy track, or economics and mathematics majors. Exceptions to these prerequisites may be granted by the chair of the department only. Seminar sections are limited to 15 students. A topic in economic theory or policy of the instructors choice. See department for current topics and for senior requirement preference forms.
Prerequisites: Permission of the instructor and the completion of all courses (except for the senior requirement) required for the economics track, political economy track, or economics and mathematics majors. Exceptions to these prerequisites may be granted by the chair of the department only. Seminar sections are limited to 15 students. A topic in economic theory or policy of the instructors choice. See department for current topics and for senior requirement preference forms.
Must be supervised by a faculty member approved by te program adviser. This is the 2nd semester of a two-semester course sequence.
Claims of causality are nearly ubiquitous in scholarly work spanning the social sciences, journalistic products from media outlets, policy circles, and other social spaces. However, many of these claims are often subject to some of the well-documented econometric concerns of bias—including omitted variable bias, simultaneity, and other confounding influences. This course will introduce students to the fundamental concepts of causal inference and expose them to several contemporary econometric tools employed in an effort to make some of the aforementioned claims more credible. With randomized controlled trials (RCTs) serving as the gold standard for empirical work, students will learn how many econometric techniques and “natural” experiments attempt to emulate the best characteristics of well-executed RCTs.
In addition to problem sets and an in-class midterm exam, students will carry out a group research project on a topic of their choosing (in consultation with the professor) in order to demonstrate their proficiency in several key course concepts. This project remains critical to learning the scholastic (and practical) challenges in making rigorous causal claims, navigating the logistics of group collaboration, and learning how to critically evaluate empirical work.
A game in this class, is a formal model to represent and analyze a situation in which individuals or groups interact strategically. In said situations, an individual’s behavior affects other individuals’ behavior which, in turn, affects the individuals’ well-being. We can think of most everyday interactions as games, and game theory offers us a systematic way to think about these interactions. Scholars in various disciplines, including economics, business, psychology, political science, and linguistics have applied game theory to study behavior in different contexts. This course has two parts. The first part will introduce you to the tools needed to analyze strategic interaction formally.
You will learn a methodology to understand simultaneous, sequential, and repeated interaction with complete and incomplete information. Examples and applications will illustrate solution concepts developed for cooperative and non-cooperative games. The second part of the course will discuss applications of game theory to the study of different economic problems. These applications include bargaining, contract and policy design, matching markets, voting, political competition and power, and justice.