Rice Course Schedule, Fall 2003
Economics (ECON)

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NOTE: Course web pages are available for some ECON courses.

ECON 211   PRINCIPLES OF ECONOMICS I                Credits 3.00  Fall 03
* DISTRIBUTION COURSE: GROUP II
* RESTRICTED DISTRIBUTION COURSE: GROUP II
Introduction to the nature of economics. Includes price systems, household
decisions, cost and supply, marginal productivity and capital theory,
industrial organization and control, economic efficiency, externalities, and
public goods. Required for economics and mathematical econoic analysis majors.
May also be offered in the summer. Students (both majors and non-majors)
enrolled at Rice who wish to transfer this course from another institution must
pass a departmental qualifying examination. Unlimited enrollment for section
taught by professor. Other sections limited to 25.
001 BB 102 - TTH 01:00PM - 02:15PM      Vasudev, Rahul            Enr: 38 Max: 45
002 BB 116 - TTH 10:50AM - 12:05PM      Gilbert, Stanley Warren   Enr: 42 Max: 45
003 SH 303 - MWF 10:00AM - 10:50AM      Soligo, Ronald            Enr: 55 Max: 45
004 BB 102 - MWF 09:00AM - 09:50AM      Nal, Osman                Enr: 19 Max: 45
005 ML 254 - MWF 01:00PM - 01:50PM      Wu, Jie                   Enr: 16 Max: 45
006 BB 116 - MWF 11:00AM - 11:50AM      Nesbitt, Jill Elise       Enr: 46 Max: 45

ECON 212   PRINCIPLES OF ECONOMICS II               Credits 3.00  Fall 03
* DISTRIBUTION COURSE: GROUP II
* RESTRICTED DISTRIBUTION COURSE: GROUP II
Includes the measurement and determination of national income; money, banking,
and fiscal policy; business cycles, unemployment, and inflation; international
trade and balance of payments, and other contemporary economic problems.
Required for economics and mathematical economic analysis majors. Prerequisite:
ECON 211. May also be offered in the summer. Students (majors and non-majors)
enrolled at Rice who wish to transfer this course from another institution must
pass a department qualifying examination. Unlimited enrollment for section
taught by professor. Other sections limited to 25.
Prereq- Econ 211.
001 SH 305 - TTH 09:25AM - 10:40AM      Medlock, Kenneth          Enr: 38 Max: NA
002 SH 305 - MWF 10:00AM - 10:50AM      Dacus, Chad Lamar         Enr: 50 Max: NA

ECON 370   MICROECONOMIC THEORY                     Credits 3.00  Fall 03
* DISTRIBUTION COURSE: GROUP II
Intermediate level analysis of markets, firms, households, income distribution,
and general equilibrium. Required for economics and mathematical economic
analysis majors. May also be offered in the summer.
Prereq- Econ 211.
001 HZ 212 - MWF 11:00AM - 11:50AM      Grant, Simon              Enr: 50 Max: 0
002 SH 307 - TTH 10:50AM - 12:05PM      Zodrow, George R.         Enr: 42 Max: NA

ECON 375   MACROECONOMIC THEORY                     Credits 3.00  Fall 03
* DISTRIBUTION COURSE: GROUP II
Micro-foundations of macreoeconomic theory.  Required for mathematical economic
analysis majors. Prerequisites: ECON 211, 212, 370, MATH 101, 102, or
equivalents.
Prereq- Econ 211, 212, Econ 370, Math 101, Math 102 or equivalents.
001 BB 116 - MWF 09:00AM - 09:50AM      Medlock, Kenneth          Enr: 39 Max: 0

ECON 382   PROBABILITY & STATISTICS                 Credits 3.00  Fall 03
Study of probability theory and the central concepts and methods of statistics
with applications to economics, marketing, and finance. Required for
mathematical economic analysis majors; may substitute STAT 410 or 431. Also
offered as STAT 310. Prerequisites: ECON 211 and MATH 102.
Prereq- Econ 211 and Math 102.
001 DH 1070 - MWF 10:00AM - 10:50AM     Staff                     Enr: 10 Max: NA

ECON 403   SENIOR INDEPENDENT RESEARCH              Credits 3.00  Fall 03
Independent research project for seniors on an approved topic of their choice.
Prerequisite: Permission of instructor.
Prereq- permission of instructor.
001 TBA - TBA                           Staff                     Enr: 15 Max: 0

ECON 404   SENIOR INDEPENDENT RESEARCH              Credits 3.00  Fall 03
Independent research project for seniors on an approved topic of their choice.
Prerequisite: Permission of instructor.
Prereq- permission of instructor.
001 TBA - TBA                           Staff                     Enr: 1 Max: 0

ECON 420   INTERNATIONAL TRADE                      Credits 3.00  Fall 03
* DISTRIBUTION COURSE: GROUP II
Study of the economic relationships between countries.  Includes trade theory,
tariffs and other trade restrictions, international finance, trade and
development, and current policy issues. Prerequisites: ECON 211, 212, 370. Not
offered every year.
Prereq- Econ 211, 212, and 370.
001 SH 309 - MWF 09:00AM - 09:50AM      Staff                     Enr: 24 Max: NA

ECON 436   ECONOMICS OF REGULATION                  Credits 3.00  Fall 03
* DISTRIBUTION COURSE: GROUP II
Analysis of governmental regulatory activities under antitrust laws and in such
regulated industries as communications, energy, and transportation.
Prerequisites: ECON 211 and ECON 370 and ECON 43 is recommended.
001 BB 102 - TTH 10:50AM - 12:05PM      Chae, Suchan              Enr: 25 Max: NA

ECON 438   ECONOMICS OF THE LAW I                   Credits 3.00  Fall 03
* DISTRIBUTION COURSE: GROUP II
Section 1: Exploration of the role of economics in understanding the legal
system. Includes applications to contracts, property, rights, and torts and
crime. Prerequisites: ECON 211, 370. Enrollment limited to 50.
Section 2: The
course will address the role of economics in understanding the legal system, in
particular, understanding how the law allocates entitlements and risk in
property, tort and contract law. This course is primarily intended for students
who are considering attending law school and uses instruction methods
appropriate for that goal. Grading will be based substantially on a major
paper, as well as, class participation. Prerequisites: ECON 211, 370, and
permission of the instructor. Studetns wishing to enroll in this course should
submit a one-page statements to instructor explaining their interest in the
course. Enrollment limited to 25.
-Econ 211 or permission of the instructor.
001 SH 309 - MWF 02:00PM - 02:50PM      Soligo, Ronald            Enr: 42 Max: NA

ECON 448   CORPORATION FINANCE                      Credits 3.00  Fall 03
* DISTRIBUTION COURSE: GROUP II
Study of financial analysis, planning, and control in modern corporations.
Includes valuation, cost and allocation of capital, and capital markets.
Prerequisites: ECON 211, ACCO 305. May also be offered in the summer.
Econ 211 and Acco 305.
001 SH 309 - TTH 01:00PM - 02:15PM      Hartley, Peter R.         Enr: 52 Max: 0

ECON 449   BASICS OF FINANCIAL ENGINEERING          Credits   Fall 03
The course will cover the following: mathematical background for continuous
time stochastic modeling in finance and financial engineering; statistical
methodologies to estimate and test the models commonly used in finance and
financial engineering; and applications which will include, Black-Scholes
option pricing and term structure models for interest rates. Prerequisites:
ECON 400 or STAT 421 and 431 or equivalent; and MATH 221 and 222, or
equivalences.
Prereq- Econ 400 or Stat 421 and 431 or equivalent; and Math 221 and 222, or
Math 31, or equivalences
001 BROW 146 - MWF 01:00PM - 01:50PM    Park, Joon Y.             Enr: 3 Max: 0

ECON 455   MONEY AND FINANCIAL MARKETS              Credits 3.00  Fall 03
Micro-foundation of monetary, fical and financial theory. Prerequisites: ECON
211, 212, 370, MATH 101, 102 or equivalents. Not offered every year.
Prereq-Econ 375 and Math 101 and 102 (or equivalents).
001 ML 251 - MWF 10:00AM - 10:50AM      Bryant, John B.           Enr: 46 Max: 0

ECON 477   MATHEMATICAL STRUCTURE OF ECONOMIC THEOR Credits 3.00  Fall 03
Exploration of competitive economics from a mathematical perspective, unifying
calsulus, matrix algebra, and set-theoretic approaches. Includes theories of
household and firm, including production model. Prerequisites: ECON 370, MATH
212.
Pre-req- ECON 370 and MATH 212
001 BB 102 - MWF 01:00PM - 01:50PM      Bogomolnaia, Anna         Enr: 17 Max: 0

ECON 481   HEALTH ECONOMICS                         Credits 3.00  Fall 03
Study of determinants of health, including behavorial, economic and social
factors and access to health care. Analysis of the medical care industry,
production, cost, demand and supply factors. Effects of regulation and methods
of payment. Prerequisites: ECON 211.
Prereq- ECON 211
001 RH 123 - MWF 11:00AM - 11:50AM      Mieszkowski, Peter        Enr: 48 Max: 0

ECON 483   PUBLIC FINANCE                           Credits 3.00  Fall 03
* DISTRIBUTION COURSE: GROUP II
Analysis of tax policy, primarily at the federal level; emphasizes efficiency
and equity issues and evaluation of tax reform proposals. Prerequsites: ECON
211, 370.
Prereq- Econ 211 and Econ 370
001 BB 116 - TTH 09:25AM - 10:40AM      Zodrow, George R.         Enr: 23 Max: 0

ECON 501   ADV MICROECON THEORY I                   Credits 5.00  Fall 03
Theory of the firm, the theory of consumer behavior, duopoly, bilateral
monopoly, imperfect competition, capital theory, and the theory of income
distribution.
001 BB 271 - MW 09:00AM - 10:15AM       Grant, Simon              Enr: 10 Max: 0

ECON 502   MACROECON/MONETARY THEORY I              Credits 5.00  Fall 03
Macroeconomic theory of output, consumption, investment, interest rates,
inflation and employment.
001 BB 271 - MW 12:00PM - 01:20PM       Bryant, John B.           Enr: 11 Max: 0

ECON 504   ADVANCED ECONOMIC STATISTICS             Credits 5.00  Fall 03
Statistical inference and the testing of hypotheses multiple and partial
correlation analysis; analysis of variance and regression.  Also offered as
STAT 604.
001 BB 271 - MW 10:25AM - 11:40AM       Chang, Yoosoon            Enr: 7 Max: 0

ECON 506   TOPICS IN MACROECON/MONETARY THEORY      Credits 5.00  Fall 03
Discussion of selected topics of current interest. Not offered every year.
001 BB 271 - TTH 09:00AM - 10:25AM      Cordoba, Juan Carlos      Enr: 3 Max: NA

ECON 507   MATHEMATICAL ECONOMICS I                 Credits 5.00  Fall 03
Theory of household, firm; activity analysis; set theory, matrix algebra,
vector calculus, metric spaces, separation theory, constrained optimization.
001 BB 271 - F 09:00AM - 11:40AM        Bogomolnaia, Anna         Enr: 7 Max: 0

ECON 509   MICROECONOMICS III                       Credits 5.00  Fall 03
Social choice and preference aggregation; cardinal welfarism,
bargaining:axiomatic and strategic models; cooperative games: core stability
and coalition formation; Shapley value, cost and surplus sharing, mechanism
design: dominant strategy, strategy-proof voting, fair division, and cost
sharing; implementation in nash, strong, and bayesian equilibrium.
Prerequisites: ECON 501, 508.
Prereq- ECON 501, ECON 508
001 BB 271 - TTH 10:25AM - 11:40AM      Moulin, Herve             Enr: 8 Max: 0

ECON 511   ECONOMETRICS II                          Credits 5.00  Fall 03
Topics in linear and nonlinear simultaneous equations estimation, including
qualitative and categorical dependent variables models and duration analysis.
Applied exercises use SAS and the Wharton Quarterly Econometric Model.  Also
offered as STAT 611. Prerequisites: ECON 510.
Prereq- Econ 510.
001 BB 116 - MW 01:30PM - 02:50PM       Sickles, Robin            Enr: 10 Max: 0

ECON 522   PUBLIC FINANCE II                        Credits 5.00  Fall 03
Study of the effects of taxation on individual and firm behavior, general
equilibrium tax incidence analysis, optimal taxation theory, optimal
implementation of tax reform, analysis of comprehensive income, and consumption
taxes.
001 BB 271 - TTH 02:10PM - 03:25PM      Zodrow, George R.         Enr: 7 Max: 0

ECON 579   TOPICS IN ECONOMETRICS                   Credits 5.00  Fall 03
Discussion of selected topics in advanced econometrics. Prerequisites: ECON
511. Not offered every year. May repeat for credit.
001 RH 204 - W 03:00PM - 06:00PM        Sickles, Robin            Enr: 8 Max: NA

ECON 593   WORKSHOP IN MICROECONOMICS               Credits 5.00  Fall 03
Seminars on advanced topics in macroeconomics, microeconomics, econometrics and
applied microeconomic theory, presented through guest lectures by leading
researchers. Open to graduate students only. Includes preparation of a research
paper over the course of the year and its presentation in the workshop. May
repeat for credit.
001 BB 116 - T 03:00PM - 05:00PM        Hartley, Peter R.         Enr: 0 Max: NA
002 BB 116 - TH 03:00PM - 05:00PM       Moulin, Herve             Enr: 7 Max: NA
003 BB 116 - F 03:00PM - 05:00PM        Park, Joon Y.             Enr: 4 Max: NA
004 BB 116 - M 03:30PM - 05:00PM        Brown, James              Enr: 2 Max: NA

ECON 595   WORKSHOP IN ECONOMICS II                 Credits 5.00  Fall 03
This is the second year continuation of Econ 593-594.
001 TBA - TBA                           Staff                     Enr: 2 Max: 0
002 TBA - TBA                           Staff                     Enr: 0 Max: NA
003 TBA - TBA                           Staff                     Enr: 0 Max: NA
004 TBA - TBA                           Staff                     Enr: 0 Max: NA

ECON 597   READINGS IN ADVANCED TOPICS              Credits 5.00  Fall 03
No description
001 TBA - TBA                           Staff                     Enr: 1 Max: 0

ECON 800   GRADUATE RESEARCH                        Credits   Fall 03
No Description.
001 TBA - TBA                           Staff                     Enr: 14 Max: 0