Duke University 2009-2010 - Office of the Registrar - Duke University

327. Empirical Methods in Macroeconomics and Forecasting in Time Series Analysis. Examine the models and
statistical techniques used to study time series data with special emphasis to application in macro. Three objectives:
equip students who anticipate using times series data in doctoral research with tools for state-of-the-art empirical
research; lay out econometrics theory for time series analysis, with emphasis on recent developments; to analyze
selected recent work in theoretical macro modeling with emphasis on empirical implication and analysis. Instructor:
Rossi. 3 units.
328. Internship. Open to students engaging in practical or governmental work experience during the summer or a regular
semester. A faculty member in the department will supervise a program of study related to the work experience,
including a substantive paper on an economics-related topic, maintaining significant analysis and interpretation.
Consent of director of graduate studies required. Instructor: Staff. 1 unit.
329. Public Finance: Economics of the Environment. Component of public finance sequence divided into two sections:
(1) externality theory and Pigouvian policy tools and (2) theory and empirical methods for valuing non-market
commodities. Includes extended problem set distributed throughout semester, referee report on unpublished paper, and
short final exam. Problem set contains both theoretical and empirical component and is intended to build familiarity with
programming tools and numerical techniques. Instructor: Timmins. 3 units.
330. Empirical Public Economics. Topics include the incentive effects of the tax and welfare system, social security,
Tiebout competition, the demand for local public goods, education, and school competition. Instructor: Vigdor. 3 units.
341. Econometrics I. Matrix algebra, probability theory, and statistics used to develop methods for multiple regression
analysis. Covers material up to generalized least squares estimation. Restricted to PhD students in economics, except
with consent of instructor. Instructor: Bayer and Rossi. 3 units.
341D. Econometrics I. Same in content as Economics 341, but with weekly discussion section. Instructors: Bayer and
Rossi. 3 units.
342. Econometrics II. Advanced multivariate regression analysis. Topics include panel data models, systems, limited
dependent variables, discrete choice, and nonlinear estimation. Prerequisite: Economics 341. Instructor: Khan or staff.
3 units.
342D. Econometrics II. Same in content as Economics 342, but with weekly discussion section. Instructor: Khan or staff.
3 units.
343. Econometrics III. Asymptotic theory for finite dimensional parametric models. Topics include nonlinear maximum
likelihood, nonlinear regression, extremum estimators, aspects of computation, hypothesis testing, and models with
limited dependent variables. Prerequisite: Economics 342. Instructor: Beresteanu or Tauchen. 3 units.
345. Applied Econometrics. Applications of current econometric methodology to empirical problems with an emphasis
on applied microeconomics. Topics include limited dependent variable, longitudinal and panel data analysis, and
duration models. Prerequisites: Economics 341 and 344. Instructor: Tarozzi. 3 units.
349. Empirical Methods in Finance/Financial Econometrics. Selected current empirical research topics in finance and
related econometric methods. Focus on testing theories of asset price determination, exploring the interplay between
economic theory, statistical assumptions about returns, and the relevant econometric techniques. Prerequisite:
Economics 304 and 347, or equivalent course work with consent of instructor. Instructor: Bollerslev or Tauchen. 3 units.
350. Econometrics of Macroeconomic Time Series. Statistical analysis of economic time series. The temporal
dependence in such data and the formulation of dynamic economic models combine to present some unique problems
and consequently require the application of specialized methods. Focus on applications rather than on proving theorems.
Different econometric methodologies applicable to specific problems in macroeconomics, monetary economics, and
finance. Prerequisite: Economics 302, 322; corequisite: Economics 345. Instructor: Bollerslev. 3 units.
351. Empirical Microeconomics. Covers recent research in empirical microeconomics. Particular attention will be paid
to applications that exploit insights from game theory, information economics, imperfect competition and other recent
developments in microeconomics theory. Examples from industrial organization, public finance and labor economics
will be discussed. Students will engage in an empirical research project as part of the course requirements. Prerequisite:
Economics 303, 341, 342, 343. Instructor: Staff. 3 units.
354. Seminar: Labor and Economics of the Family. Theory and empirical applications of decision making when
individuals within groups have conflicting interests. For households include all outcomes over which household
members have preferences (allocations of time to home production, market work and leisure, expenditures on goods;
investments in children's education, daycare, and health; transfers within and across generations. Matching models and
search (or marriage/divorce) markets) and consequences for intra- and extra-household distributions, including the
intra-family distribution of income, child support, health and mortality, births out of wedlock and productivity over life
cycle. Emphasis on influence of legal frameworks (family law, taxes and transfers). Related courses Econ 355, 385A.
Consent of instructor required. Instructor: McElroy. 3 units.
355. Seminar in Labor Economics. Instructor: Staff. 3 units.
356. Graduate Health Economics I. Survey course designed for students considering PhD research in health economics.
Topics will include demand for health insurance, moral hazard, health as an investment, technological change, the
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