E242 United States Financial Economic History
Fall 2013: This course examines United States economic history from the colonial period to the present, focusing on how the financial and monetary system evolved in response to bank panics, stock market crashes, and wars. Economic analysis is applied to study economic trends and key developments important for understanding contemporary economic issues.
E251 Intermediate Macroeconomics
Fall 2013: Macroeconomics studies the behavior of aggregate economic activity and the relationships between economy-wide variables like inflation, real output, unemployment, and interest rates. The course develops a theoretical framework for thinking about the determination of macroeconomic variables and emphasizes measurable features of economic performance for national economies. The course goals are: 1) to provide a rigorous and critical exposure to macroeconomic theory and its application, 2) to interpret economic data and measurement, and 3) to analyze and evaluate critically macroeconomic policies. Successful completion of this class should enable students to use economic models to understand and interpret macroeconomic developments in the real world.
E211 Money, the Financial System, and the Economy
Spring 2014: This course examines financial markets, financial institutions, monetary policy, the economy, and the linkages between them. The first part of the course investigates the determination of interest rates: the supply and demand of loanable funds, inflation, risk, and the role of the Fed. The second part looks at asset prices more broadly, including stock equity, foreign exchange, and derivative assets. The third part examines the role of financial institutions, and especially financial intermediaries, in the financial system. The course concludes with a discussion of the operations and objectives of central banks, with particular emphasis on the US Federal Reserve.
E452 Seminar on Financial Crises in the United States
Spring 2014: Banking crises in the United States triggered legislative responses that shaped the regulatory structure of the financial system. This course will examine major financial crises focusing on the underlying causes, the apparent mechanisms, and the regulatory remedies. The lessons from historical crises will be applied to recent financial events like the Financial Crisis and the regulatory response to them.
E351 Advanced Macroeconomic Theory
Fall 2015: This course examines central issues in macroeconomic research and policy. Building on basic models developed in ECON 251, the course develops more rigorous models to investigate economic growth, consumption and savings, investment, and business cycle fluctuations emphasizing the roles of monetary and fiscal policies, and their macroeconomic effects.