G International and Development Economics


Core Courses

The five core courses in the graduate program are:

Microeconomic Theory
Advanced microeconomic theory, including consumer and producer theory, market equilibrium, market structures, and basic game theory.

Macroeconomic Theory
Advanced theory in macroeconomics, including aggregate demand and supply, IS/LM, business cycles, unemployment, inflation, and the role of money.

Mathematics for Economists
Applications of linear algebra and calculus to mathematical modeling of economic problems.

Introduction to Econometrics
Introduction to basic probability distributions, hypothesis testing, confidence intervals/introduction to problem of identification, basic OLS model, t-tests, F-tests, and instrumental variables.

Applied Econometrics for International and Development Economics
Econometric techniques applied to the empirical analysis of a wide variety of international economic and development problems.

Advanced Applied Econometrics
Advanced econometric techniques with applications to international and development economics designed to develop expertise in the analysis of program impact and in establishing causality between economic and social variables in both micro and macroeconomic data.

Fieldwork Research Methods
This course is intended to be taken by Master's students in International and Development Economics in the Spring semester to prepare students for Summer field research. The course covers a variety of topics including sampling methods, field interview techniques, planning an empirical research strategy, ethical issues, importance of the protection of human subjects, and advice for maintaining proper health and safety during field research.

Graduate Seminar
Master’s Research project under supervision of faculty advisor.

Elective Courses

Students can choose elective courses from the following:

International Political Economy
Study of institutions critical to economic growth in developing and transitional economies, including regulation of international financial system, international common property, public resources, good governance and well-functioning market systems.

International Trade
A survey of international trade theory and policies, including Ricardian model of comparative advantage, standard trade model, impact of trade on labor and capital markets, and role of international institutions and agreements.

International Finance
Evaluation of policies, practices, and institutions in international finance and investments, including financial and monetary systems and policies.

Economic Development
Analysis of current debates in the field, and application of economic theory to problems of economic development. Includes alternative models of growth, poverty and inequality, demographics, and small farmer livelihood strategies.

Development Microeconomics
Topics include an analysis of credit and labor markets in developing countries, problems of risk and consumption smoothing, agrarian institutions, microfinance, the tragedy of the commons, education, health, and program impact evaluation.

Development Macroeconomics
Quantitative economic techniques and computer software are used to develop simulation models, input-output models, and general equilibrium models for economic forecasting, business decision analysis and country-level economic policy appraisal and planning.

Experimental Economics
Introduction to experimental economics where laboratory games are created for humans to play and the choices that people make are analyzed to understand the decision-making processes that people use. Students set up economics experiments to conduct original research in the lab or field for summer research.

Population and Labor Economics
The uses of economic analysis to understand the problems of population growth and population policy, household formation, immigration, labor market discrimination, and income inequality and poverty.

National Resource Economics and Development Policy
The problems of sustainable development, global pollution and renewable and non-renewable natural resources.

Master's Research Project and Oral Presentation

The seminar takes place in the final semester of studies. Students study and discuss a number of published empirical papers in international and development economics, which will serve as a guide for their own empirical work.

Students choose, and confer with, a faculty advisor with whom they share a specific research or geographical interest to develop practical and relevant ideas for research. In addition, the advisor supervises the writing of the research paper. The research project will demonstrate the student's command of relevant economic theory, statistical methods and field-research methodology.