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

208S. Economics of the Family. Economic functions of families including home production gains from marriage, the
demand for children, marriage and divorce, child support and alimony, labor supplies of women and men, the
distribution of resources within families ('rotten kid theorems' and cooperative and noncooperative games).
Applications to marriage and divorce law, day care, United States welfare policy, mortality, and farm efficiency in
developing nations. Research project required. Prerequisite: Economics 105D; Economics139D; and Statistics 101,
103, 104, 112, 113 or 114, or Mathematics 135 or 136. Instructor: McElroy. 3 units. C-L: Women's Studies 208S
210. Macroeconomic Theory. Micro-founded dynamic general equilibrium models have become the standard tool for
macroeconomic analysis. Course provides guidance on how to work with these models. Our baseline New Keynesian
model will feature sticky prices combined with monopolistic competition. We will show that the result in framework
is appealing from an empirical point of view and we will use it to assess the desirability of alternative arrangements for
the conduct of monetary policy. Prerequisite: Economics 205. Instructor: Staff. 3 units.
214S. Economy, Society, and Morality in Eighteenth-Century Thought (C-N). 3 units. C-L: see Political Science 214S
218. Macroeconomic Policy and International Finance. 3 units. C-L: Public Policy Studies 218
220. Time Series Econometrics. Empirical research in macroeconomics and international finance, providing students
with a series of econometric tools for empirical analysis of time-series and an introduction to the current empirical
research in macroeconomics, international finance, and forecasting. Small project and simple empirical research
required. Prerequisites: Satisfactory performance (as judged by the instructor) in Econometrics (Economics 139D) plus
a course in Linear Algebra or consent of the instructor. A course in macroeconomics (Economics 110D) is very useful
but not strictly enforced. Instructor: Rossi. 3 units.
225. Mathematical Finance. 3 units. C-L: see Mathematics 215
230S. Economics of Creative Good. Creative industries (especially the arts, entertainment) often distinguished by
peculiarities of product (for example, non-durable), by special nature of financing and contracting (for example, option
contracts), and by challenges they present to conventional analysis of pricing and consumption. Research report
required. (Taught only in the Duke-in-Venice Program.) Similar to Economics 130S but intended for M.A. students.
Instructor: De Marchi. 3 units.
233. Economic History and Modernization of the Islamic Middle East. Economic development of the Middle East from
the rise of Islam to the present. Transformation of the region from an economically advanced area into part of the
underdeveloped world. Role of religion in economic successes and failures. Obstacles to development today. Topics:
Islamic economic institution, economic roles of Islamic law, innovation and change, political economy of modernization,
interactions with other regions, economic consequences of Islamism. Consent of instructor required. Instructor:
Kuran. 3 units.
237. Philosophy of Economics. Foundations, aims, and methods of economics, including game theory, nature and limits
of welfare economics, economic approach to political and social institutions, relationship of economic theory to
empirical evidence, and role of models. Similar to economics 137, but intended for M.A. students. Instructor: Hoover.
3 units.
239D. Introduction to Econometrics. Data collection, estimation, and hypothesis testing. Use of econometric models
for analysis and policy. (Same as Economics 139D but requires additional term paper; not open to students who have
taken Economics 139D.) For Economics majors only. Prerequisite: Economics 2, 2D, 52D or 55D; Mathematics 103
(co-requisite); Statistics 101, 103, 104, 112, 113 or 114 or Mathematics 135 or 136. Instructor: Beresteanu, Learing, or
Tarozzi. 3 units.
241. Applied Econometrics in Macroeconomics. Basic econometric methods useful in empirical economic research and
forecasting. Topics include multiple regression analysis under nonstandard conditions; probit, logit, and other limited
dependent variables; count data; simultaneous equation systems; and models with panel data. Focus on macroeconomic
applications. (Same as economics 141, but requires additional paper; not open to students who have taken Economics
141.) Prerequisite: Economics 139D or 239D. Instructor: Rossi. 3 units.
242. Applied Econometrics in Microeconomics. Empirical research in microeconomics, with emphasis on three main
sub-fields: labor economics, public economics, and industrial organization. Focus on current empirical research in these
areas and student independent analysis of current research using statistical software. Same as Econ 142, but additional
work required. Not open to students who have taken Economics 141B, 142 or 241B. Prerequisite: Economics 139D or
239D. Instructor: Beresteanu. 3 units.
243. The Art Market. Same as Economics 143, except additional paper required. Prerequisite: Economics 2, 2D, 52D
or 55D; and Art History 70 or consent of instructor. Instructors: De Marchi. 3 units.
244S. Art and Markets. 3 units. C-L: see Visual Studies 252AS; also C-L: Medieval and Renaissance Studies 245S
245. Urban Economics. Introduction to urban and spatial economics. Neoclassical monocentric city spatial model,
patterns of land values, property prices, residential density and impact of distressed communities on broader
development. Systems of cities and regional growth, role of cities in economic development. United States urban
features: ethical and socio-economic effects of housing segregation and implications for discrimination. Tradeoffs
between efficiency and fairness in housing resource allocation. Business location theory, impact of innovations in
Departments, Programs, and Course Offerings 95