FE210 or permission of chair. Study of economic growth and structure, and economic problems of cities, with attention to poverty, transportation, housing and racial discrimination. Not offered every year. A course on the theories of the aggregate level of income, employment and the price level. Includes discussion of determinants of economic growth, the interaction of the domestic economy with the world economy, and the formulation and impact of monetary and fiscal policy.
Laboratories involve work with a large macroeconomic model.
Advanced topics in modern microeconomics with particular emphasis on dynamic analysis, the role of risk and uncertainty in economic decision making, general equilibrium analysis and welfare economics. Quantitative approach to theoretical and applied economic problems. Methods taught include order quantity models, linear programming, network models, microeconomic resource allocations, macroeconomic models, life cycle cost problems and cost-benefit analysis. Not offered every year. Advanced topics in modern macroeconomics, including new classical, new Keynesian and expectation formation models.