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

transportation, and technology's effect on work patterns. Same as Economics 145, but requires additional work. Not
open to students who have taken Economics 145. Instructor: Becker. 3 units.
246. Adam Smith and the System of Natural Liberty. Same as Economics 146, but requires an additional paper; not open
to students who have taken Economics 146 or 151. Instructor: De Marchi. 3 units.
247S. Political Economy of Inflation, Growth, and Distribution (A,B). 3 units. C-L: see Political Science 246S
248. History of Economic Thought. Approaches to economic problems from Aristotle to Keynes, emphasizing certain
models and doctrines their origins, relevance, and evolution. Readings from Mun, Quesnay, Adam Smith, Malthus,
Ricardo, Marx, Walras, Veblen, and Keynes. (Similar to Economics 148, but requires an additional assignment. Not
open to students who have taken Economics 148.) Prerequisite: Economics 55D. Instructor: Goodwin. 3 units.
251S. Regulation of Vice and Substance Abuse. 3 units. C-L: see Public Policy Studies 251S
252. Economic Growth. Old and recent developments in search for broader, sharper explanations of variation in market
structure, technological development and living standards observed across time, countries, and industries. Historical
study of writings of Smith, Ricardo, Marx, Malthus and Schumpeter. Study of modern growth theory and its
implications. Background in intermediate macroeconomics and microeconomics recommended. Instructor: Peretto. 3
units.
255. Labor Economics. Demand for and supply of labor, including human fertility, human capital, hours of work, and
labor force participation. Effects of family structure, marriage laws, taxes and transfers (welfare, earned income tax
credit) on labor supply and the distribution of income across families and individuals. Labor market discrimination,
unions, Background in microeconomics and econometrics recommended. Similar to Economics 155, but intended for
MA students. Instructor: Arcidiacono, McElroy, or Sloan. 3 units.
257. Financial Markets and Investments. Same as Economics 157, but requires an additional paper. Not open to students
who have had Economics 158/258 before Fall 1998. Prerequisite: Economics 105D; Economics 110D; and Statistics
101, 103, 104, 112, 113 or 114, or Mathematics 135 or 136. Instructor: Bollerslev or Tauchen. 3 units.
258. Applied Financial Economics. Same as Economics 158, but requires additional work. Not open to students who
have had Economics 158/258. Prerequisite: Economics 105D; Economics 110D; and Statistics 101, 103, 104, 112, 113
or 114, or Mathematics 135 or 136. Instructor: Staff. 3 units.
258D. Applied Financial Economics. Same as Economics 258 but with a discussion section. Prerequisites: Economics
105D; Economics 110D; and Statistics 101, 103, 104, 112, 113 or 114, or Mathematics 135 or 136. Instructor: Staff.
3 units.
261. Evaluation of Public Expenditures. 3 units. C-L: see Public Policy Studies 261; also C-L: Environment 272
262S. Seminar in Applied Project Evaluation. 3 units. C-L: see Public Policy Studies 262S
264. The History of Modern Macroeconomics from Keynes to the Present. Examination of key developments in
macroeconomics from the 1930s through the present. Case studies of the evolution of macroeconomics in political and
social context. Topics include the theory of unemployment in the Great Depression; growth theory and the rise of
business cycle modeling in the aftermath of World War II; the trade-off between inflation and unemployment in the
1950s and 1960s; the debate over monetarism in the age of stagflation; and the rise of the New Classical Macroeconomics
in its aftermath. Not open to students who have taken Economics 164. Instructor: Hoover. 3 units.
265S. International Trade. International trade, investment and migration, commercial policy, and the political economy
of trade. Prerequisite: Economics 105D; and Economics 110D. Instructor: Kimbrough or Tower. 3 units.
266S. International Monetary Economics. Financial aspects of growth and income determination, and macroeconomic
policy in open economies. Applications to exchange rate determination, capital markets, fluctuations in the trade balance
and current account, monetary and fiscal policies in open economies, currency crises, and monetary reform. Significant
research component required. Prerequisite: Economics 55D. Instructor: Kimbrough. 3 units.
267S. Global Responses to the Rise of China. 3 units. C-L: see Sociology 290S
268. Asset Pricing & Risk Management. Pricing models for major asset classes including bonds and equities, as well
as derivative securities including futures and options on equity indices, currencies and commodities. Portfolio risk
analysis speculation and hedging techniques. Instructor: Raisel. 3 units.
268S. Current Issues in International and Development Economics. Issues of income distribution within and between
countries, vehicles for growth, regional development, the role of politics in economic policy, multinational institutions.
Cross-country and cross-time comparisons. Emphasis on individual research projects. Prerequisite: Economics 105D;
and Economics 110D. Instructor: Tower. 3 units. C-L: International Comparative Studies 201BS
269S. Social Change, Markets, and Economy in China. 3 units. C-L: see Sociology 293S
270. Resource and Environmental Economics. 3 units. C-L: see Environment 270; also C-L: Public Policy Studies 272
272. Economic Analysis of Resource and Environmental Policies. 3 units. C-L: see Environment 271
275. Urban Economics II. Historical evolution of cities from an economic perspective, considering the factors driving
urban growth and decline at different points in history and the evolving organization of economic activity and social
living within cities. Additional topics include dynamics of suburbanization and inner city decline, racial and ethnic
Departments, Programs, and Course Offerings 96