The analysis of selected current economic problems and policies as they affect our economy as a whole. Examples might include energy, conservation, agriculture, the military-industrial complex, and technology. An introduction to the mathematical tools used by contemporary economics in the construction and application of economic theory. Emphasis is placed on the properties of the models considered. Use of regression analysis to test economic hypotheses and predict the behavior of economic series.
Emphasis is placed on the analysis of time series as well as cross sectional data.
The course focuses on the identification and specification of causal relations. Advanced topics in economic theory.