Graduate Program Guidebook - University of Chicago Department of ...

More documents

Recommendations

Info

Grades: Homework assignments (50%) and research project (50%, submitted in July 2014). PQ:Theory of Financial Decisions I, II, III; the Economics of Information (Harris); one asset pricing PhDcourse with a full treatment of continuous-time analysis (either Veronesi or Panageas). (=BUSF35913)39802 ADVANCED LAW AND ECONOMICS (Malani)This seminar examines theoretical and empirical work in the economic analysis of law. It will cover,among other things, optimal tort rules, models of contract liability and remedies, optimal criminalrules, settlement and plea bargaining, and models of judicial behavior. Familiarity with calculus andeither advanced undergraduate microeconomics or graduate microeconomics is expected. Gradeswill be based on class participation and a series of research paper proposals. (=LAWS 55401)40101 ADVANCED INDUSTRIAL ORGANIZATION I (Syverson)This is the first course in a sequence in Industrial Organization taught jointly at the Ph.D. level in theDepartment of Economics and the Booth School of Business. The sequence covers recent theoreticaland empirical approaches in several topics. This course focuses on productivity and industryevolution, advertising and search, product differentiation, vertical relationships, and strategicbehavior. Materials: Carlton and Perloff, Modern Industrial Organization; Tirole, The Theory ofIndustrial Organization. PQ: Solid background in first year Ph.D. level microeconomics andeconometrics, e.g., ECON 30100, 30200, or 30300 and ECON 31000, 31100, or 31200. (=BUSF33921)40201 ADVANCED INDUSTRIAL ORGANIZATION II (Hortaçsu)This is the second course in the Industrial Organization Field sequence. This course focuses oneconometric models of consumer demand, dynamic models in industrial organization, structuralestimation of auction, matching, and search models. Strong preparation and interest in econometricand microeconomic modelling and proficiency in statistical/mathematical programming packages(R/Matlab/Stata) recommended. (=BUSF 33922)40301 ADVANCED INDUSTRIAL ORGANIZATION III (Carlton)This course will complement the other courses in the Ph.D. sequence for industrial organization andwill focus on topics closely related to antitrust economics and regulation. Topics will include barriersto entry, adjustment costs, mergers, demand estimation, damage estimates, oligopoly theory, pricefixing, optimal price discrimination, bundling, tie in sales, two sided markets including credit cards,the theory of optimal regulation, and the empirical facts of regulation. The course is primarily forPhDs in economics and business, but advanced law students interested in antitrust and regulation plusadvanced and interested MBAs are welcome. Grades: Homework plus final. PQ: previous trainingin advanced economics or antitrust. (=BUSF 33923 =LAWS 99304)40501 PRICE THEORY AND MARKET DESIGN (Weyl)Price theory studies how the statistical behavior of large numbers of individuals in an economy canbe summarized by simple prices. Market design asks how social institutions can be engineered inpractical settings to operate more efficiently. This course uses the methodology of classical pricetheory to analyze classic problems of market design, to which they are well-suited but not frequentlyapplied. We will use these principles to study, among many other questions, the efficient andequitable allocation of private goods, new alternatives to voting to allocate public goods and the bestdegree, the design of insurance markets and how to make markets statically competitive whileensuring appropriate incentives for innovation. The course employs and teaches students a range oftechniques, from philosophical inquiry to computational methods that form complementarycomponents of the price theoretic approach and are crucial to plausible and practical market designs.(=ECON 24210)23
40603 MARKET DESIGN (Budish)This course explores the theory and practice of market design, drawing on examples from entry-levellabor markets, school choice procedures, kidney exchanges, course allocation procedures, internetmarketplaces, and financial exchanges. The main assignment is to write a final paper, which studieseither an existing organized market or an environment with a potential role for an organized market.(=BUSF 33915)40801 INTRODUCTION TO THEORY-BASED EMPIRICAL METHODS WITH APPLICATIONS TOMARKET DESIGN (Hickman)This course will concentrate on identification and estimation of static models related to marketdesign, but may also serve as an introduction to structural research in general. As a rough outline, thefirst segment will cover single-object auction models, the second segment will cover multi-objectauction models, and the final segment will cover related settings including contracts, adverseselection models, rank-order contests, and matching markets. Lectures will briefly cover theoreticalbackground of various models so as to facilitate an in-depth discussion of topics such as modelidentification within different informational environments, unobserved heterogeneity, estimationtechniques, and counterfactual experiments. Class assignments will include empirical exercises, areferee report, and in-class presentations on recent research of interest to classmembers.41001 BEHAVIORAL ECONOMICS (Thaler / Kamenica / Pope)This is a research class aimed at Ph.D. students in economics, psychology, or related disciplines.Traditional economic theory is based on standard working assumptions which include unlimitedrationality and complete self-control. Behavioral economics considers what happens in economiccontexts when these working assumptions are modified to incorporate more realistic conceptions ofhuman behavior. The role of markets is central to this study. We carefully consider conditions underwhich rationality of participants influences market outcomes. However, financial markets are notcovered in detail, and this is not a finance class. Students will be asked to write frequent short papersand a more substantial research paper. (=BUSF 38912)41100 EXPERIMENTAL ECONOMICS (TBA)This course will provide the student with the necessary tools to be an avid consumer of theexperimental literature and eventually a producer of the literature. These issues will be discussedthrough evaluation of both outstanding papers in the literature, and papers that fail to achieve theirfull potential. Thus, it will provide a summary of recent experimental findings and detail how togather and analyze data using experimental methods. Students will be expected to carry out theirown original empirical research to meet the course requirements. (=ECON 21800)41800 NUMERICAL METHODS IN ECONOMICS (Judd)This course introduces a broad range of numerical methods, and shows how to use them to computeequilibrium in competitive and game theoretic models and compute econometric estimators.Applications will include solution of dynamic stochastic general equilibrium models, life-cycledynamic programming problems, optimal taxation, nonlinear pricing, Nash equilibrium of dynamicgames, and estimation of structural models. We will also introduce students to advancedcomputational tools, such as cluster computing and supercomputing; in particular, students will getaccounts on supercomputers.42100 AN INTRODUCTION TO DOING EMPIRICAL MICROECONOMIC RESEARCH (Levitt)This course is designed to give students early in their graduate careers exposure to carrying out theirown empirical micro-focused research. Attention will be paid to every step in the process: ideageneration, the use of data, identifying the right tools to answer the question at hand, testinghypotheses, making arguments convincing, etc. These issues will be discussed through evaluation ofboth outstanding papers in the literature, and papers that fail to achieve their full potential. Students24
Page 1: Department of Economics1126 East 59
Page 4 and 5: American Economic Review, is publis
Page 6 and 7: II.REQUIREMENTS FOR THE PH.D. DEGRE
Page 8 and 9: as "600-level" Workshops. The 600-l
Page 10 and 11: supporting material. In scope and q
Page 12 and 13: B. SPECIALIZED FIELD CERTIFICATIONS
Page 14 and 15: THE COREGRADUATE COURSES BY AREAS O
Page 16 and 17: GRADUATE COURSES BY QUARTERAutumn 2
Page 18 and 19: First class assignment: purchase th
Page 20 and 21: firms) as well as aggregate money d
Page 22 and 23: 38001 APPLIED MACROECONOMICS: MICRO
Page 26 and 27: will be expected to carry out their
Page 28 and 29: 57000 WORKSHOP IN MACRO AND INTERNA
Page 30 and 31: THE ECONOMICS FACULTY(2013-14)Alvar
Page 32 and 33: List, John. Ph.D., University of Wy
Page 34 and 35: Tolley, George S. Ph.D., University
Page 36: UNIVERSITY CALENDARAUTUMN QUARTER 2

Graduate Program Guidebook - University of Chicago Department of ...

Create successful ePaper yourself

Delete template?

Save as template?