Duke University 2008-2009 - Office of the Registrar - Duke University

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 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.
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.
Courses of Instruction 124