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Une anne de 2nd cycle Avant... Aujourdhui Aujourdhui(Petit UFR)

Etudiants 600 600 120Nombre de groupes de TD 20 20 4Cot d'un TD en heure q. TD 390 390 78

Nombre de cours 14 10 10Nombre de TD 9 14 14Cot des TD 3510 5460 1092

Cot des cours 882 630 630

Cot total de l'anne 4392 6090 1722

Dotation san-Rmo 4320 4320 864

Dficit 72 1770 858Dficit en % de la dotation 1,7 41 99,3Norme San Rmo 7,2 7,2 7,2Cot rel par tudiant 7,3 10,2 14,4

Heures d'enseignement par tudiant 637,5 609 609Avant... Aujourdhui Aujourdhui

(Petit UFR)

Dotation San-Rmo de la filire 19980 19980 3996Cot rel de la filire 19908 28650 7746Dficit de la filire -72 8670 3750Dficit en % de la dotation -0,4 43,4 93,8

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199. Introduction to Macroeconomics.Economics concentrators may use Econ 198-199 tofulfill core curriculum requirements only under circumstances described in the previous

Program Requirements section.8* Q* * * %D *# * #Q? * S# 2 A D*? # $ ? $# *A. Sanderson.Winter.

200. The Elements of Economic Analysis I. PQ: One year of calculus.Students registeredfor Math 153 or 163 who have an >< average in the first two quarters of calculus may, withconsent of instructor, register concurrently for Econ 200. J * J * ) #

# J *)# Q # Q # 2* QD Q $ # (

$ S # # * #M. Duggan, B. Salani, G. Tsiang,Staff, Autumn; M. Dey, Staff, Spring.

201. The Elements of Economic Analysis II. PQ: Econ 200.J 6 J S Q Q J *

* J * # * QJ. Campbell, Staff, Autumn; D. Heller, J. Perktold, N. Stokey, Winter.

202. The Elements of Economic Analysis III. PQ: Econ 200.> * * ### 9 *: ### *

Q ### * J Q * *R. Lucas, M. Yorukoglu, Staff, Winter; A. Vissing-

Jorgensen, Staff, Spring.

203. The Elements of Economic Analysis IV. PQ: Econ 202 or equivalent.J * S# * * * S# * * S

Staff. Autumn, Spring.

205. Decision Analysis and Probability Models. PQ: Econ 201 J


172/184

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* S # Q S R. Myerson.Autumn.

206. Topics in Mathematical Economics. PQ: Econ 200 and 201, and Math 196 or higher.J *1 Q S


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J * # D Q * Q

O. Attanasio. Spring.

221/321. Colonization, Servitude, and Slavery: The Early American Experience. PQ:Econ 200.J * * > SQ# Q * J 6# S# ) YQ$ * * Q # #Q

S * Q D. Galenson. Winter.

222/320. Topics in American Economic History. PQ: Econ 200.6 *

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## Q * ( * * * Q * * J # Q* # * "* * # S

* $ * $ # # Q# # F. Velde.Winter.

231. Topics in Macroeconomics and Finance. PQ: Econ 201 and 203 required. Econ 210and 211 recommended. J # *) * * & *? * *? ## ( ? *


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# J# # * * ## J Q #

# $ # S S T55 * D # > T5B TB- * TB0 *B. Jovanovic. Spring.

256. Problems of Economic Policy in Developing Countries (=Econ 256, PubPol286/375). PQ: Econ 201 and 202, or consent of instructor. J * * * # J #Q *# # ) $# # L. Sjaastad. Winter.

257. Topics in Chinese Economy. PQ: Econ 201 and 202 required. Econ 210 recommended.( * * * * ( Q TB4B TB05 * TB05 #Q Q # D. G. Johnson. Spring.

258. Korean Economy. PQ: Econ 201 and 203, or consent of instructor. J Q # [ * * *# 1 9T: 9: [ X 9-:

94: 9/: #

Staff. Spring.259. Brazilian and International Economic Issues (=Econ 259, LatAm 259/359). PQ:

Econ 203 or consent of instructor.8) Q7 # J TB4M TBB4 # Q 8) # # * )# J * ? # # ? Q ># J # * A 8 P# 3 6Staff. Winter.

260. Introduction to Public Finance. PQ: Econ 201J $ *

$ * %D $ * Q * S Staff. Autumn.

261. Economic Analysis and Public Policy. PQ: Econ 201.J # * # # 3* # # * 8 * ># *) * # # 3 # Q # * D. G. Johnson. Winter.


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265. Environmental Economics (=Econ 265, EnvStd 265). PQ: Econ 201 or consent ofinstructor.J

J $ #* # S Q 8 I QH. Margolis.Winter.

270. Introduction to International Economics (=Econ 270, PubPol 270). PQ: Econ 201and 202, or consent of instructor. J Q *

1 J # ? * #? L. Sjaastad. Autumn.

271. Introduction to International Finance.PQ: Econ 270 J $ * Q Q *) Q J * $# * * # * X * S # & > 6 6 Staff.Winter.

273. Regulation of Vice (=Econ 273, PubPol 273). PQ: Econ 200. J # * Q S# S# ## $ # ># $ ) #) J QS * * # QJ. Leitzel. Spring.

277. Health Economics and Public Policy (=Bus 857, Econ 277, PubPol 283/383, SSA477). PQ: Econ 203 and 210 with grades of 8or higher, and consent of instructor. J


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*) % D Q #D. Meltzer. Spring.

278. Public Policy Analysis(=Econ 278, PubPol 222).PQ: Econ 200. PubPol 221-222-223may be taken in sequence or individually. J Q # 6 * X$ Q S S* * ### # J # Q # 9 # QS: Q # # *J. Leitzel. Winter.

279. Economies in Transition: China, Russia, and Beyond (=Econ 279, PubPol 271). PQ:Econ 200 or consent of instructor. J ##

* A J * ##^ ^ P # ) ) ) *) * # X ## ^# ## # # S * * D *)# * S. Levitt. Spring.


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297. Undergraduate Reading and Research. PQ: Consent of directors of the undergraduateprogram. Students are required to submit the College Reading and Research Course Form.

Available for either 3or letter grading. D. G. Johnson, G. Tsiang. Autumn, Winter, Spring.298. Undergraduate Honors Workshop. PQ: Consent of instructorD. G. Johnson, A.Sanderson. Autumn, Winter, Spring.

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Undergraduate Study in Economics1999-2000There are many ways in which you may study economics as an undergraduate at MIT. If you areinterested in sampling the field, consider using economics to satisfy the Humanities, Arts, and SocialScience requirement. You may decide to take only one or two economics classes or as many as six. Ifyou want to study economics in greater depth, you may pursue a major in course XIV. The majorrequires approximately one year's work in economics, in addition to the General InstituteRequirements for the bachelor's degree.Rou may even wish to pursue economics as part of a double major. Because economics analyzeschoices in the presence of scarce resources -- a limitation encountered by all but a few individuals andfirms -- it finds applications in a wide range of fields, including business, engineering, law, government,and everyday life!

Aims of the Undergraduate Program for Majors

The undergraduate curriculum in economics is designed to:- provide a firm grounding in modern economic theory;- instill the capacity for independent thought about economic policies and problems;

- develop the capacity for quantitative research, and- provide basic descriptive knowledge about the US and the world economy.

Undergraduate study of economics is not professional training in the sense that undergraduatetraining in engineering typically is. Rather, it is an introductory study of a particular discipline, muchmore comparable to undergraduate study of biology or physics. Some recent graduates of theEconomics Department have moved directly into employment in industry and government. Othershave gone on to further studies in law, business, economics, and a variety of other fields.

Economics as a Double Major

Some undergraduates may wish to combine economics with other undergraduate majors. Theeconomics curriculum is particularly well-suited to use in double majors and has frequently been

combined with mathematics, physics, civil or electrical engineering, political science, and other fields.A student must satisfy all of the requirements for the economics major and offer 90 units of credit inaddition to those offered for the other major.

The Undergraduate Curriculum

The Course XIV Program leads to the degree of Bachelor of Science in Economics. In addition tofulfilling the 17 General Institute

Requirements, an economics major must take the following subjects:- 14.01 Principles of Microeconomics- 14.02 Principles of Macroeconomics


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- 14.03 Intermediate Applied Microeconomics or- 14.04 Intermediate Microeconomic Theory- 14.05 Intermediate Applied Macroeconomics or- 14.06 Intermediate Macroeconomic Theory3- 14.30 Introduction to Statistical Methods in Economics- 14.31 Econometrics or- 14.32 and14.33 Econometrics and Econ. Research & Communication- Thesis- 60 units of Economics Electives (or five full subjects)

Courses 14.01 and 14.03 or 14.04 provide a strong background in microeconomic analysis, and 14.02and 14.05 or 14.06 do the same for macroeconomics. These are the two broad and fundamentalareas of modern economics. 14.30 along with either 14.31 or 14.32 gives a grounding in techniquesfor analyzing data and testing economic models. 14.31 and its replacement 14.33 require a term paperwhich analyzes a body of data on an economic question.

The 60 units (or five full subjects) of electives may be satisfied from the following list of undergraduatesubjects designed generally to enrich the background of the student in economic institutions and theanalysis of policy problems. Especially recommended are those that are designed for more advancedundergraduates, with the prerequisite of intermediate microeconomics or macroeconomics. Thesesubjects include 14.22, 14.29, and 14.40. The full list follows:- 14.11 Topics in Economics- 14.12 Economic Applications of Game Theory- 14.20 Industrial Organization and Public Policy- 14.21J Health Economics- 14.22 Organizations and Contracts- 14.23 Government Regulation of Industry- 14.24 Law and Economics- 14.25J Aerospace Economics- 14.27 Economics and E-Commerce- 14.28 Competition in Telecommunications- 14.29 Topics in Political Economy- 14.40 Advanced Macroeconomics- 14.41 Public Economics- 14.42J Environmental Policy and Economics- 14.48J Economics of Education- 14.54 International Trade- 14.63 Labor in Industrial Society (HASS-D)*- 14.64 Labor Economics and Public Policy- 14.65J American Living Standards and Income Inequality- 14.70J The Development of Medieval Economies (HASS-D)*- 14.71 Historical Perspectives on Current Economic Issues- 14.72 Capitalism and Its Critics (HASS-D)*- 14.74 Economic Growth and Development- 14.75J Theories of Economic Development- 15.401 Finance Theory I- 15.402 Finance Theory II

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How undergraduate courses follow pathways (for entry in October2001)

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Key subjects in EconomicsAll over the world the study of economics comprises five key subjects:

microeconomics: how do markets work?

macroeconomics: how do economies work? (Insight into the history of the economy andsociety plays an important role here)

monetary economics: how do financial markets and financial institutions work?

international economics: how do trade relations and investment relations between nationswork?

government and markets: could and should a government influence a market economy?

Doctoral in EconomicsThe afore mentioned key subjects will be discussed in the 'basisfase'(the first 1,5 years of the study).Subsequently, the next years of study will be devoted to integration (2nd year), knowledge broadeningand deepening (3rd year), and finally, specialisation (4th year).After the 'basisfase', the staff of the Department of Economics provides courses on all major subjectsof economics:

general economic theory and history of economic thought

theory of public finance

international economics

structure and policies of international organisations

money, credit and banking

development economics

political economics and social order

industrial relations

environmental economics


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transitional economics

regional economics

economic history

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