This course is intended to advance the analytical and quantitative skills of students who have completed introductory level micro- and macroeconomics. Topics include: economic methodology, economic optimization, static and dynamic modeling, game theory and its application, basic econometrics, and economic data. Successful completion of this course will help students to continue their study in upper-division economics courses.
- Explain the difference between normative and positive economics.
- Explain the notion of hypothesis and falsification.
- Solve for the analytical solution of a cost- and benefit and similar optimization problems in economics.
- Solve for the analytical solution for problems faced by consumers and producers in various market structures.
- Solve for the analytical solution of a simple macroeconomic model based on IS-LM.
- Demonstrate the basic of game theory and its application
- Demonstrate the construction of certain economic data and its transformation.
- Solve for the analytical solution of a simple dynamic model in micro- and/or macroeconomics.
- Demonstrate the basic of econometrics and forecasting