Course Catalog

ECO392
Poverty & Inequality
2.00
Undergraduate
Course description not available.
ECO411
Contract Theory & Institutions
3.00
Undergraduate
This course is an introduction to information economics. It introduces students to the economics of contracting in presence of information asymmetries between contracting parties. It has a specific focus on the problems on the problems of adverse selection and moral hazard and what best can be done in the presence of such problems.
ECO292
Economic Growth & Env. Quality
2.00
Undergraduate
Course description not available.
ECO324
Energy Economics
3.00
Undergraduate
Course description not available.
ECO367
International Finance
3.00
Undergraduate
Course description not available.
ECO213
Basic Data Anal.& Econometrics
4.00
Undergraduate
This course introduces the basics of the practice of modern econometric techniques. A detailed discussion of basic ideas in probability and statistics and the linear regression model will be presented. The topics included in the course are: the simple regression model, multiple regression models, classical assumptions about disturbances, hypothesis testing, violation of classical assumptions, multicollinearity, heteroskedasticity, omitted variable bias, functional forms, dummy variables, outliers, goodness of fit and instrumental variables. This course will be intensive in assignments both analytical and data oriented and will also include a project which the students will complete in groups. To complete some assignments and the project the students will also be introduced to STATA, statistical analysis software.
ECO391
Economics of Equity Markets
2.00
Undergraduate
Course description not available.
ECO291
Economics of Financial........
3.00
Undergraduate
Course description not available.
ECO414
Economics of Education
3.00
Undergraduate
Economics of Education
ECO431
Industrial Organization
3.00
Undergraduate
Industrial Organization
ECO415
Economic Development
3.00
Undergraduate
Overview: Primary focus of this course is to build an understanding of the developing world, using basic knowledge in economic theory, econometric methods, and demography. It starts with alternatives theories of development, and then overview of developing countries, major trends in income, inequality, poverty, population, and the structural characteristics of development. This course should help students further to pursue Development Economics as a field in graduate or doctoral studies. Students willing to understand development policy and practice, development interventions and evaluations, should take this course as a foundation. The pedagogy will be through a combination of lecture sessions on conceptual areas, and discussions of related research papers as given in the list of readings. The students are expected to complete the assigned readings to participate in the discussion sessions.
ECO422
Money and Banking
3.00
Undergraduate
Overview This course is an introduction to the economics of money, credit, banking, interest rates, financial intermediaries and financial markets. We will study how monetary policy influences interest rates and asset markets, such as the bond market and the stock market. We will analyze financial intermediation and the role of banks in the economic system and study the economic rationale behind banking regulation. We will also review evidence and theory on how monetary policy affects real economic activity, and then study the instruments and goals of monetary policy, focusing on credibility and expectations management for central banks, and the connection with fiscal policy. We will consider and evaluate these topics within Keynesianism and Monetarism and deal with contemporary financial issues in developing countries including a focus on monetary policy in India. Detailed Syllabus Course Outline and Readings: I. Introduction to Money and Banking Chapter 1, The Economics of Money, Banking and Financial Markets Ashima Goyal, ‘History of Monetary Policy in India since Independence’, IGIDR Working Paper, 2011 II. Money, Credit, Commercial Banks and Reserve Bank of India Chapter 4, 10 Monetary Policy in a Globalized economy Chapter 10, The Economics of Money, Banking and Financial Markets Alicia Garcı´a-Herrero, Sergio Gavila´ y and Daniel Santaba´rbaraz ‘China’s Banking Reform: An Assessment of its Evolution and Possible Impact’ CESifo Economic Studies, Vol. 52, 2/2006, 304–363, 2006 Narayan Chandra Pradhan ‘Persistence of Informal Credit in Rural India: Evidence from ‘All-India Debt and Investment Survey and Beyond’, WPS (DEPR): 05 / 2013 RBI Working Paper, April 2013 Snehal Herwadkar and Saurabh Ghosh, ‘What explains credit inequality across Indian states? An empirical analysis’, RBI Occasional Paper Vol. 34, No. 1 & 2: 2013 III. Financial markets and instruments, interest rates and bonds Chapter 4, The Economics of Money, Banking and Financial Markets Kanad Chaudhari, Meenal Raje and Charan Singh, Corporate Bond Markets in India: A study and policy recommendations, IIM Bangalore Working Paper No. 450, February 2014 Stephen Wells and Lotte Schou-Zibell, India’s Bond Market— Developments and Challenges Ahead, Asian Development Bank Working Paper Series on Regional Economic Integration No. 22, December 2008. Y V Reddy ‘Issues and challenges in the development of the debt market in India’, Bank for International Settlements Papers No. 11, 2002 IV. Structure of interest rates, market efficiency Chapter 6, 7 The Economics of Money, Banking and Financial Markets Harendra Kumar Behera Sitikantha Pattanaik and Rajesh Kavediya, ‘Natural Interest Rate: Assessing the Stance of India’s Monetary Policy under Uncertainty’, RBI Working Paper WPS (DEPR): 05/2015, October 2015 V. Monetary policy tools, goals and targets: issues, difficulties and formulation, implementation & globalization Chapter 23, The Economics of Money, Banking and Financial Markets Chapter 13, Monetary Policy in a Globalized economy Reserve Bank of India Monetary Policy Report, September 2015 B L Pandit and Pankaj Vashisht, ‘Monetary Policy and Credit Demand in India and Some EMEs’, ICRIER Working Paper 256, May 2011 Sonali Das, ‘Monetary Policy in India: Transmission to Bank Interest Rates’, IMF Working Paper WP/15/29, June 2015 VI. Gross Domestic Product, Aggregate Demand & Aggregate Supply, fiscal policy & interest rates Chapter 24, The Economics of Money, Banking and Financial Markets Serhan Cevik and Carolina Correa-Caro ‘Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+’ IMF Working Paper WP/15/68, March 2015 VII. Inflation, Rational Expectations Chapter 26, 27, The Economics of Money, Banking and Financial Markets Deepak Mohanty A B Chakraborty Abhiman Das and Joice John, ‘Inflation Threshold in India: An Empirical Investigation’ WPS (DEPR): 18/2011 RBI Working Paper Series, September 2011 VIII. International financial system, financial institutions and financial crises Chapter 20, The Economics of Money, Banking and Financial Markets Amarendra Acharya and Anupam Prakash, ‘International Financial Integration, Capital Flows and Growth of Asian Economies’, RBI Occasional Paper Vol. 34, No. 1 & 2: 2013 Raghuram G. Rajan Has Financial Development Made the World Riskier? NBER Working Paper No. 11728, November 2005 Raghuram Rajan, 2010, Fault Lines: How Hidden Fractures Still Threaten the World Economy, New Jersey: Princeton University Press
ECO424
Economics and Politics
3.00
Undergraduate
: This course will introduce students to the economic (game theoretic) analysis of political situations. We will then look at the interaction between economics and politics. In particular, we study how politics and policy making affect economic outcomes (with an exclusive focus on developing countries) and how economic developments in turn can lead to substantive political changes. The course will use theoretical and econometric tools developed in your previous economics courses. Hence ECO 301 (Intermediate Microeconomics) and ECO 203 (Introductory Econometrics) are prerequisites for this course. Electoral competition: The median voter theorem Controlling politicians: Political agency Social heterogeneity and public good provision Mandated representation and economic outcomes – Failure of the median voter theorem Selection in politics: Does paying politicians more matter? Modernization theory of democratization Economic change and political development
ECO425
Growth And Inequality
3.00
Undergraduate
Growth And Inequality
ECO451
Law and Economics
3.00
Undergraduate
Law and Economics
ECO204
Indian Economic History
3.00
Undergraduate
Indian Economic History
ECO462
World Economy: Growth - Crisis
3.00
Undergraduate
World Economy: From Growth to Crisis
ECO483
Basics of Survey Design
3.00
Undergraduate
The course is designed to enable students to conduct survey independently. The course will review questionnaire designing and methods of data collection used in surveys and data analysis. Simple techniques like central tendencies, dispersion and regression will be covered under this course. Processes underlying data collection and practical challenges that arise with each mode; coverage error; nonresponse error; interviewer effects and training; timing; and mode effects. This course will particularly focus on electronic mode of data collection.
ECO232
Economics of Institutions
3.00
Undergraduate
Economics of Institutions
ECO494
UG Research Thesis I
3.00
Undergraduate
This course introduces the basics of the practice of modern econometric techniques. A detailed discussion of basic ideas in probability and statistics and the linear regression model will be presented. The topics included in the course are: the simple regression model, multiple regression models, classical assumptions about disturbances, hypothesis testing, violation of classical assumptions, multicollinearity, heteroskedasticity, omitted variable bias, functional forms, dummy variables, outliers, goodness of fit and instrumental variables. This course will be intensive in assignments both analytical and data oriented and will also include a project which the students will complete in groups. To complete some assignments and the project the students will also be introduced to STATA, statistical analysis software.
ECO499
Research Project
3.00
Undergraduate
Research Project
ECO303
Time series
3.00
Undergraduate
Time series
ECO402
Advanced Macroeconomics
3.00
Undergraduate
Advanced Macroeconomics
ECO314
Health Economics
3.00
Undergraduate
Good health is an asset that allows poor households to emerge from poverty. There has been a significant development in the conceptualization of the impact of changes in the health status of the population on demographic changes and long term economic performance. Health has been found to have strong linkages with individual welfare and overall economic development. Thus, policy attention should be directed to ensure equity in access to health services and also to improve the delivery of health services. While health indicators for developing countries including India have improved they still lag behind developed countries. This course examines the health sector and health policy from an economics perspective.
ECO403
Advanced Econometrics
3.00
Undergraduate
Course description not available.
ECO321
Industrial Organization
3.00
Undergraduate
Industrial Organization
ECO461
International Economics
3.00
Undergraduate
This course is an introduction to the theory of international trade and trade policy. The course also introduces the students to forex market and macroeconomic analyses of an open economy. The issues discussed include gains from trade and their distribution; analysis of protectionism; trade barriers; exchange rate determination; and interlinkages of the domestic economy with rest of the world.  
ECO354
Public Economics
3.00
Undergraduate
This is a first undergraduate public economics class that focuses on role of government in the economy. This course is designed to provide a basic understanding of reasons of government in-tervention, the benefits of such policies and the consequent response of the economic agents. The course begins with the scope of government intervention in case of market failure, and then covers various forms of intervention from taxation, redistribution to provision of public goods.
ECO375
Labour Economics
3.00
Undergraduate
Overview This is an introductory labour economics course. I will focus on the core topics in labour economics and the empirical methods used for analysis in labour economics. The purpose is to inform students of topics like labour supply, labour demand, labour market institutions and public policies affecting labour markets, immigration, returns to human capital investment, labour market discrimination and empirical analysis of wage and earning gaps. I will upload regular lecture notes for the course. Detailed Syllabus i) Introduction to labour economics ii) Labour Supply iii) Labour Demand iv) Immigration v) Institutions and labour market and Midterm Review viii) Human Capital Investment ix) Labour Market Discrimination x) Inequality and Skill-Biased Technological Change xi) Final Review
ECO101
Principles of Microeconomics
4.00
Undergraduate
Microeconomics is the analysis of economic behavior of a decision making unit, often an individual. Principles of microeconomics is an introductory undergraduate course that teaches the fundamentals of microeconomics. At SNU, this is the first course that is offered to the undergraduate students in economics. This course is designed to provide a foundation for economic analysis and a broad understanding of the economic issues at micro level. This course begins with a discussion of supply and demand and the basic forces that determine equilibrium in a market economy. Next, it introduces a framework for learning about consumer behavior and analyzing consumer decisions. We then turn our attention to firms and their decisions about optimal production, and the impact of different market structures on firms’ behavior. The final section of the course provides an introduction to some of the more advanced topics that can be analyzed using microeconomic theory. These include the notion of efficiency and
ECO401
Advanced Microeconomics
4.00
Undergraduate
Advanced Microeconomics
ECO102
Principles of Macroeconomics
4.00
Undergraduate
PART I. Introduction. 1. Introdction 2. Markets, Demand and Supply, and the Price System, 3. International Trade PART II. Macroeconomics Basics 1. National Income Accounting 2. Cost of Living PART III. The Real Economy in the Long Run 1. Production and Growth 2. Savings, Investment and Financial system 3. Unemployment PART IV. Money and Prices in the Long Run 1. Monetary Policy 2. Money Growth and Inflation PART V. The Macroeconomics and Open Economies 1. Open Economy Macroeconomics: Basic Concepts 2. A Macroeconomic Theory of the Open Economy PART VI. Shortrun Economic Fluctuations 1. Aggregate Demand and Aggregate Supply 2. Effect of Monetary and Fiscal Policy on Aggregate Demand 3. Short run trade-off between Inflation and Unemployment.
ECO103
Basic Statistics
4.00
Undergraduate
Course description not available.
ECO108
Logic & Scientific Methods
4.00
Undergraduate
The course Logic and Scienti c Methods is a compulsory rst year course for all undergraduate students of the School of Humanities and Social Sciences. This course provides students with training in quantitative techniques used in social sciences. The course is divided into two sections: the rst section is a basic introduction to logic. The second part of the course deals with statistical methods of social science research. Pre-requisites: There are no prerequisites for this course, but the course material assumes a familiarity with Class X mathematics.
ECO203
Introductory Econometrics
4.00
Undergraduate
This course introduces the student to the basics of the practice of modern econometric techniques. I will present a detailed discussion of the linear regression model. The topics included in the course are: the simple regression model, multiple regression models, classical assumptions about disturbances, hypothesis testing, violation of classical assumptions, multicollinearity, heteroskedasticity, omitted variable bias, functional forms, dummy variables, outliers, goodness of fit and instrumental variables. The prerequisite for this course is a course in basic statistics (MAT 284 or equivalent). If you are not sure whether you satisfy the prerequisite, please contact me before the classes begin. This course will be intensive in assignments both analytical and data oriented and will also include a project which the students will complete in groups. The project may also involve some primary data collection. To complete some assignments and the project the students will also be introduced to STATA, statistical analysis software. The tutorials/lab sessions are an integral part of the course. Apart from problem solving these sessions will cover additional topics that will not be covered in class (like STATA tutorials) but that will be essential to finishing the class successfully.
ECO221
Game Theory
4.00
Undergraduate
Game Theory
ECO301
Intermediate Microeconomics
4.00
Undergraduate
This course is intended to provide advanced tools and techniques in the spheres of consumer theory, markets, and general equilibrium. Students will be rigorously taught how consumers maximize their preferences given their budgets to make optimal consumption decisions, which in turn are aggregated to form the industry demand. Again, firms choose technology and employ resources optimally to minimize costs, which give rise to the industry supply function. The industry demand and supply then interact in the context of different market structures (perfect competition, monopoly, oligopoly, etc.) to determine market price and quantity in equilibrium, which give rise to consumer and producer surplus. The government may impose taxes or provide subsidies to alter these surpluses. Finally General Equilibrium analysis is invoked to analyse the behavior of multiple markets at the same time, and how a change in one affects the other.
ECO302
Intermediate Macroeconomics
4.00
Undergraduate
Overview This course equips the students to use tools of macroeconomics to study various macroeconomic models and macroeconomic policies in-depth. A range of macroeconomic problems are analyzed from government finances in the intermediate run to economic stability in the short run. Detailed Syllabus 1. Introduction and basic concepts – fluctuations, growth theory and business cycles; microeconomic foundations and framework 2. National income accounting 3. Different schools of macroeconomics – a discussion 4. Income determination  A simple macroeconomic model: A static framework for analysis i. Welfare theorems ii. Labour supply as labour-leisure choice; Labour demand as profit maximization iii. Comparative statics  A two period macroeconomic model: The dynamic framework i. Consumption-savings decision ii. Effects of fiscal policy  The complete intertemporal model 5. Money and business cycles  Money supply and money demand (transaction demand, speculative demand and quantity theory of money)  Neutrality of money and inflation 6. Business cycles: Role of monetary and fiscal policies  Keynesian cross  Aggregate demand and supply: IS-LM model  Classical, neoclassical and Keynesian approaches  Monetary and fiscal policies
ECO327
Financial Economics
4.00
Undergraduate
course description: This course introduces students to the economics of finance with special emphasis on asset pricing and the valuation of risky cash flows. Some of the basic models used to benchmark valuation of assets and derivatives are studied in detail. We will be developing and studying the details of consumer decision-making under uncertainty, using that general framework as a basis for understanding theories of securities pricing, including the capital asset pricing model (CAPM) and the arbitrage pricing theory (APT). The course will highlight fundamentals of the theory of finance with examples from financial markets in India. We will end with international corporate finance. Since the course will involve some amount of statistics and probability theory its expected that students are familiar with that.
ECO495
UG Research Thesis II
6.00
Undergraduate
Undergraduate Research Thesis II
ECO694
Contract Theory
3.00
Graduate
Contract Theory
ECO611
Individual and Collective Choi
3.00
Graduate
Individual and Collective Choice
ECO523
Statistics
4.00
Graduate
Statistics
ECO645
Energy Economics
3.00
Graduate
Energy Economics
ECO700
Independent Research Project
3.00
Graduate
Independent Research Project
ECO701
Independent Research Project
3.00
Graduate
Independent Research Project
ECO709
Research Methodology
3.00
Graduate
Research Methodology
ECO782
Read. course in Macroeco.
3.00
Graduate
Reading Course in Macroeconomics
ECO711
Readings in Game Theory
4.00
Graduate
Readings in Game Theory
ECO769
Reading In International Eco.
4.00
Graduate
Reading In International Economics
ECO783
Independent Research
4.00
Graduate
Independent Research
ECO809
Prethesis Credits
12.00
Graduate
Prethesis Credits
ECO583
Optimization
2.00
Graduate
Optimization
ECO665
Labor Economics
3.00
Graduate
Labor Economics
ECO581
Mathematical Methods
3.00
Graduate
Mathematical Methods
ECO677
Fin. Assets, Instru. & Markets
3.00
Graduate
Financial Assets, Instruments and Markets
ECO681
Advanced Microeconomics
3.00
Graduate
Advanced Microeconomics
ECO683
Applied Econometrics
3.00
Graduate
Applied Econometrics
ECO685
App. Research In Dev. Eco.
3.00
Graduate
Applied Research In Development Economics
ECO505
Game Theory
3.00
Graduate
Game Theory
ECO686
Topics in International Trade
3.00
Graduate
Topics in International Trade
ECO605
Development Economics
3.00
Graduate
Development Economics
ECO687
Research Course In Fin. Eco.
3.00
Graduate
Research Course In Financial Economics
ECO615
Development Economics II
3.00
Graduate
Development Economics II
ECO691
Research Project
3.00
Graduate
Research Project
ECO621
Game Theory & Econ. of Info.
3.00
Graduate
Game Theory and Economics of Information
ECO693
Time Series Econometrics
3.00
Graduate
Time Series Econometrics
ECO624
Political Economy
3.00
Graduate
Political Economy
ECO627
Financial Economics
3.00
Graduate
Financial Economics
ECO635
Environmental Economics
3.00
Graduate
Environmental Economics
ECO521
Econometrics I
3.00
Graduate
Econometrics I
ECO647
Theory of Corporate Finance
3.00
Graduate
Theory of Corporate Finance
ECO651
Law and Economics
3.00
Graduate
Law and Economics
ECO532
Development Economics
3.00
Graduate
Development Economics
ECO653
Advanced Econometrics
3.00
Graduate
Advanced Econometrics
ECO545
Economics of Regulation
3.00
Graduate
Economics of Regulation
ECO654
Public Economics
3.00
Graduate
Public Economics
ECO634
Political And Institutional Ec
3.00
Graduate
Political And Institutional Economics
ECO551
Finance I
3.00
Graduate
Finance I
ECO661
Industrial Organization
3.00
Graduate
Industrial Organization
ECO667
International Finance
3.00
Graduate
International Finance
ECO501
Microeconomics I
4.00
Graduate
Microeconomics I
ECO582
Dynamic Optimization
4.00
Graduate
Dynamic Optimization
ECO502
Macroeconomics I
4.00
Graduate
Macroeconomics I
ECO503
Econometrics I
4.00
Graduate
Econometrics I
ECO585
Environmental Economics
4.00
Graduate
Environmental Economics
ECO591
Computational Economics
4.00
Graduate
Computational Economics
ECO508
Mathematical Methods
4.00
Graduate
Mathematical Methods
ECO511
Microeconomics II
4.00
Graduate
Microeconomics II
ECO512
Macroeconomics II
4.00
Graduate
Macroeconomics II
ECO513
Econometrics II
4.00
Graduate
Econometrics II
ECO518
Computational Economics
4.00
Graduate
Computational Economics
ECO522
Econometrics II
4.00
Graduate
Econometrics II
ECO565
Public Economics
4.00
Graduate
Public Economics