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COURSE 14

ECONOMICS


14.01 | 14.02 | 14.03 | 14.05 | 14.06 | 14.12 | 14.20 | 14.21J | 14.23 | 14.24 | 14.25J | 14.28 | 14.40 | 14.41 | 14.42 | 14.54 | 14.63 | 14.64 | 14.65J | 14.71 | 14.72 | 14.74 | 14.75J | 14.76

General Economics and Theory

14.01 Principles of Microeconomics
Prereq.: -
L01 E25-111 MW10
R01 2-135 F10
R02 24-402 F10
R03 24-307 F12
R04 36-372 F11
L02 *NO LECTURE FOR RECS 05-12
R05 2-132 MWF9
R06 24-407 MWF9
R07 4-145 MWF11
R08 2-135 MWF11
R09 2-131 MWF12
R10 4-153 MWF1
R11 2-135 MWF12
R12 26-168 MWF1
3-0-9 HASS
Introduces microeconomic concepts and analysis. Supply and demand analysis, theories of the firm and of individual behavior, competition and monopoly, welfare economics. Applications to problems of current economic policy.
J. Harris

14.02 Principles of Macroeconomics
Prereq.: -
L01 2-190 MW1
R01 13-3101 F10
R02 8-105 F11
R03 2-139 F1
L02 *NO LECTURE FOR RECS 04-09
R04 2-135 MWF9
R05 2-136 MWF10
R06 13-3101 MWF12
R07 24-402 MWF2
R08 24-407 MWF11
R09 24-407 MWF1
3-0-9 HASS
Provides an overview of macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are discussed, as are the public debt and international economic issues. Introduces basic models of macroeconomics and illustrates principles with the experience of the US and foreign economies.
R. Caballero

14.03 Intermediate Applied Microeconomics
Prereq.: 14.01
L01 TBA TR10.30-12
R01 38-136 F10
R02 13-3101 F11
4-0-8 HASS
Credit cannot also be received for 14.04
Presents basic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. Emphasizes applications, including project evaluation, price regulation, the measurement of poverty and productivity, and the environment.
S. Athey

14.05 Intermediate Applied Macroeconomics
Prereq.: 14.02
U (Fall)
4-0-8 HASS

14.06 Intermediate Macroeconomic Theory
Prereq.: 14.02
L01 E51-061 TR1-2.30
R01 E51-361 F1
4-0-8 HASS
Review of the basic tools seen in 14.02. Extensions and applications to current macroeconomic issues. Unemployment. Costs of inflation and disinflation. Budget deficits and hyperinflation. Interest rates and the stock market. Long-term growth. Open economy. Trade deficits, exchange rates. Recommended for students planning to apply to graduate school in economics.
J. Ventura

14.12 Economic Applications of Game Theory
Prereq.: 14.01
U (Fall)
4-0-8 HASS

Industrial Organization

14.20 Industrial Organization and Public Policy
Prereq.: 14.01
U (Fall)
3-0-9 HASS

14.21J Health Economics
(Same subject as HST 901J)
Prereq.: 14.01
U (Fall)
3-0-9 HASS

14.23 Government Regulation of Industry
Prereq.: 14.01
L01 MW10.30-12
3-0-9 HASS
Examines economic rationale for and against government regulation of prices, entry, product quality, and production processes in various US industries. Theoretically and empirically examines economic effects of current regulatory practices through case studies.
P. Joskow

14.24 Law and Economics
Prereq.: 14.01
U (Fall)
4-0-8 HASS

14.25J Aerospace Economics
(Same subject as 16.800J)
Prereq.: 14.01
U (Fall)
3-0-9 HASS

14.28 Competition in Telecommunications
(Subject meets with 15.020)
Prereq.: 14.03 or 14.04
U (Fall)
3-0-9 HASS

National Income and Finance

14.40 Advanced Macroeconomics
Prereq.: 14.03 or 14.04, 14.05 or 14.06, 14.31
L01 TBA MW2.30-4
3-0-9 HASS
Topics in advanced macroeconomics, possibly including but not limited to models of economic growth, term structure of interest rates, money and overlapping generations, time-inconsistency, consumption, and investment. Emphasis on relating theory to testable implications.
A. Bernard

14.41 Public Economics
Prereq.: 14.03 or 14.04
Acad Year 1995-96: Not Offered
Acad Year 1996-97: U (Spring)
4-0-8 HASS

14.42 Economics of the Environment
Prereq.: 14.01
Acad Year 1995-96: Not Offered
Acad Year 1996-97: U (Spring)
3-0-9 HASS

International, Interregional, and Urban Economics

14.54 International Trade
Prereq.: 14.03 or 14.04
L01 E52-175 MW9-10.30
R01 E52-175 F9
4-0-8 HASS
Theory of international trade and finance, and application to current problems such as exchange restrictions, economic development, and foreign aid.
Consult P. Joskow.

Labor Economics and Industrial Relations

14.63 Labor in Industrial Society
Prereq.: -
L01 66-144 MW2.30-4
3-0-9 HASS-D, Category 4
See description for subject 14.63 under HASS-D Category 4, Cultural and Social Studies.
J. Rebitzer

14.64 Labor Economics and Public Policy
Prereq.: 14.01 or permission of instructor
U (Fall)
3-0-9 HASS

14.65J American Living Standards and Income Inequality
(Subject meets with 11.022J, 11.450)
Prereq.: 14.01 or equivalent
L01 E51-069 MW1-2.30
3-0-9 HASS
See description under subject 11.022J.
F. S. Levy

Economic History

14.71 Historical Perspectives on Current Economic Issues
(Revised Content)
Prereq.: 14.01, 14.02
L01 E51-145 TR9-10.30
3-0-9 HASS
Provides a historical perspective on the determinants and consequences of economic growth. Changes in population, education, technology, institutions, business organization, financial markets, labor markets, and government regulation are examined. Focus is primarily on the US.
P. Temin

14.72 Capitalism and Its Critics
Prereq.: -
U (Fall)
3-0-9 HASS-D, Category 4

14.74 Economic Growth and Development
Prereq.: 14.02
U (Fall)
3-0-9 HASS

14.75J Theories of Economic Development
(Same subject as 11.102J)
Prereq.: 14.01, 14.02
U (Fall)
3-0-9 HASS

14.76 Income Distribution
Prereq.: 14.03 or 14.04
U (Fall)
3-0-9 HASS
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