ECON 385 - Intermediate Macroeconomic Theory II

3 units (fi 6)(EITHER, 3-0-0)

Designed for majors and Honors students in Economics. Theories of stabilization policy; expectations; the government budget constraint; inflation and unemployment; business cycles and growth; theories of aggregate consumption, investment, money demand, and money supply. Prerequisites: ECON 109, ECON 281, 282 and 299 or equivalent, and MATH 156 or equivalent.

ECON 442 - The Economics of Financial Markets

3 units (fi 6)(EITHER, 3-0-0)

The measurement of risk; portfolio analysis; hedging and speculation; market microstructure; asset pricing and market equilibrium. Prerequisites: ECON 109, ECON 281, STAT 161 or equivalent, and MATH 154 or equivalent. Students may not receive credit for both ECON 442 and FIN 412.