Prerequisites: ECO101, ECO102
Intermediate Microeconomics
(ECO201) focuses on the study of
consumer and producer decisions and
interactions. It also introduces the
students to decision-making under
uncertainty and basic portfolio
theory, market equilibrium and
general equilibrium of the economy,
monopolistic and oligopolistic competition
among firms and other forms of strategic
interaction studied in Game Theory.
Additional issues are reviewed, including
conditions for market efficiency, public
goods, the effect of strategically used
private information, market failures and
their remedies, etc.
Textbook:
❯ Intermediate Microeconomics: A Modern
Approach by Hal R. Varian.




Intermediate Microeconomics (ECO201) focuses on the study of consumer and producer decisions and interactions. It also introduces the students to decision-making under uncertainty and basic portfolio theory, market equilibrium and general equilibrium of the economy, monopolistic and oligopolistic competition among firms and other forms of strategic interaction studied in Game Theory. Additional issues are reviewed, including conditions for market efficiency, public goods, the effect of strategically used private information, market failures and their remedies, etc.

Prerequisites: ECO101, ECO102

Intermediate Microeconomics

(ECO201) focuses on the study of

consumer and producer decisions and

interactions. It also introduces the

students to decision-making under

uncertainty and basic portfolio

theory, market equilibrium and

general equilibrium of the economy,

monopolistic and oligopolistic competition

among firms and other forms of strategic

interaction studied in Game Theory.

Additional issues are reviewed, including

conditions for market efficiency, public

goods, the effect of strategically used

private information, market failures and

their remedies, etc.

Textbook:

Intermediate Microeconomics: A Modern

Approach by Hal R. Varian.




Intermediate Macroconomics (ECO 202) focusesonboththebusinesscycleandlong-termgrowth.Thegoalistounderstandtherelationshipbetweenkeymacroeconomicvariables;
namely,
consumption,investment,moneysupply,interestrate,inflation,unemployment,andGDPgrowth. Students investigatetheroleofmonetaryandfiscalpolicy, whilereviewinginternationalissues,suchasthebehaviorofexchangeratesand capitalflows.

Introduction to Econometrics (ECO203)
introduces the most common ways to
study and analyze economic data, with
a focus on emphasizing data analysis for
empirical causal inference. Topics include
randomized trials, regression, instrumental
variables, differences-in-differences,
and regression discontinuity designs.
Students also learn how to study datasets
through practical examples.
Textbook:
❯ Introductory Econometrics: A Modern
Approach by Jeffrey M. Wooldridge
❯ Basic Econometrics by Damodar N.
Guarati and Dawn C. Porter




Introduction to Econometrics (ECO203) introduces the most common ways to study and analyze economic data, with a focus on emphasizing data analysis for empirical causal inference. Topics include randomized trials, regression, instrumental variables, differences-in-differences, and regression discontinuity designs. Students also learn how to study datasets through practical examples.

 

Textbook: Introductory Econometrics: A Modern Approach by Jeffrey M. Wooldridge / Basic Econometrics by Damodar N. Guarati and Dawn C. Porter

Introduction to Finance (ECO204)
introduces fundamental ideas of modern
portfolio theory and corporate finance.
Topics include present value and discounting,
interest rates and yield to maturity,
various financial instruments including
financial futures, mutual funds, the efficient
market theory, basic asset pricing
theory, the capital asset pricing model,
models for pricing options and other
contingent claims, and the use of derivatives
for hedging.




Introduction to Finance (ECO 204) introducesfundamentalideasofmodernportfoliotheoryandcorporatefinance.Topicsincludepresentvalueanddiscounting,interestratesandyieldtomaturity,variousfinancialinstrumentsincludingfinancialfutures,mutualfunds,theefficientmarkettheory,basicassetpricingtheory,thecapitalassetpricingmodel,modelsforpricingoptionsandothercontingentclaims,andtheuseofderivativesforhedging.

Understanding the development of modern economics through major controversies




The Economics Workshop (ECO 205) is based on teamwork in which students work in groups of four or five to further explore economics issues. In particular, students discuss current events, create and test economic models, while developing and analyzing computer simulations.