Courses

One of the best parts of an education at the University of Michigan is that students can take courses at multiple schools, even if those courses do not appear in one’s home school curriculum. Listed below are some of the classes we love (and sometimes recruit from for research assistant positions!)

Courses that may interest you

  • Topics in Public Policy (PUBPOL 475):
     

    From the “Great Depression” to the “Great Recession”
    Since the 2008 financial crisis, developed countries have suffered high unemployment and slow growth. What are options for policymakers in this environment? This course will analyze central issues in macroeconomic policymaking through the lens of history. Students will apply analytical tools to understand the consequences of monetary, fiscal and financial market policy in the Great Depression, in Japan after 1990, and in the current Great Recession. (Hausman, J.)

    Policy Seminars (PUBPOL 495):

    Global Financial Markets, Crises, and Policies 
    Global financial markets provide both opportunities and risks for macroeconomic policymakers. In this course we will explore the role of financial markets in economic development, the causes and consequences of financial crises, whether and how policies and institutions can be used to stabilize markets and help countries recover from crises, and what lessons we can learn from recent experiences which might help prevent future crises. There will be heavy emphasis on understanding and using data to study country experiences -- with examples drawn from developing and industrial economies. (Dominguez)

    Behavioral Economics
    People are complex, and psychologists have long expanded our understanding of that complexity. Economics has traditionally focused on the complicated nature of economic institutions, typically assuming people think and behave in more simplistic ways than we do in the real world. Over the last few decades, “behavioral economists” have drawn on the insights of psychology to help explain when predictions from economic theory do not hold true in real world contexts. After surveying behavioral science concepts, this course will apply this nuanced interdisciplinary approach to policies related to health, work, financial inclusion and stability, development, communal goods, and social insurance. Example topics include: Why do some people donate more than their fair share of time or money to a social cause, while others “free ride”? Why do insured people sometimes respond to deductibles in ways that are not in their own best interest? Why might some smokers appreciate higher cigarette taxes they can’t afford? What motivates people in any job? Why is it so hard to save for a rainy day even if we have a few dollars to spare that month? For each topic, we will review related economic concepts—big picture—before exploring in depth research from psychology including lab experiments and neuroscience. No prior economics coursework is expected (beyond Econ 101 microeconomics prerequisite for the Ford BA). Students will practice writing through a series of extensive paper assignments with some choice of topic.
     

    Politics of Debt
    This course will explore the politics of debt. Robust credit markets can fuel economic growth, but the resulting debt can be dangerous, and politically controversial. In this course we will ask and answer questions relating to the creation and maintenance of well-functioning debt markets. These questions include: What makes a government creditworthy? Why do corporate and consumer debt markets flourish in some countries, but not others? Why do debt crises happen, and what are the political implications of them? What are the consequences of growing consumer debt loads (including payday loans, and student loans), and what ethical questions does that growth pose? The readings for this course will draw primarily from works in political science, economics and history. The course will culminate in an original research paper on the debt-related topic of the student’s choosing.

    International Trade Policy (PUBPOL 541)

    This course examines the policy issues of international trade, including trade in both goods and services and also international flows of direct investment and migration. It builds on microeconomic theory, first to examine the basic theories of international trade and factor movements, including the classic Ricardian theory of competitive advantages, the neoclassical factor proportions theory, and the New Trade Theories that incorporate increasing returns to scale, imperfect competition, and product differentiation. These models are then used to examine the major policies and institutions that constrain and influence international trade and factor movements. Special attention is given to the WTO, to various elements of U.S. trade policy, and to the growing number of regional arrangements such as the European Union and NAFTA. Emprical evidence and applications of the theories are addressed, including their applicability for less developed and emerging economies. Although the major emphasis of the course is on the microeconomics of international transactions, a portion of the course will also put this into macroeconomic context. Topics here include the role and determination of exchange rates in the world economy, as well as how international movements of financial capital interact with trade and exchange rates in determining the balance of trade and the vulnerability of a country's macroeconomic variables to events abroad. This course presumes a prior knowledge of intermediate economics. (Deardorff)

    International Financial Policy (PUBPOL 542)

    This course provides an overview of international financial economics, developing analytic tools and concepts that can be used to analyze world economic policy debates. It covers the international implications of macroeconomic policies, international monetary arrangements and institutions, and stabilization programs for developing countries. The course will be structured around the tools (models) of open economy macroeconomics, using primarily graphs, and occasionally equations. However, motivation for these tools and examples of their use will always be taken from current and recent real-world macroeconomics events and conditions. This course presumes prior knowledge of intermediate microeconomics and graduate standing. (Dominguez)

    Macroeconomics (PUBPOL 556)

    This course teaches students the basic tools of macroeconomics and how to apply them to real world economic policy. The goals of the course are for students to (a) understand how to evaluate macroeconomic conditions such as unemployment, inflation, and growth (b) understand how monetary policy and fiscal policy can be used to influence macroeconomic conditions (c) understand media accounts of macroeconomic events. The course will cover a broad range of topics in macroeconomic policy. Examples of issues discussed include the role of fiscal and monetary policies in stabilizing the economy, the relationship between inflation and unemployment, the role of government policy in promoting long-term economic growth, monetary and fiscal policies in an open economy, deficits and debt, and European Monetary Union. The course is structured around the tools (models) of macroeconomics, using primarily graphs, and occasionally equations. Examples are taken from current and recent real-world macroeconomics events and conditions. (Hausman, J., Leahy)

    Economic and Social Policies in a Selected Emerging Market Economy (PUBPOL 674)

    This seven-week, 1.5-credit course focuses on the evolution of a given country's economic, political and social institutions and policies, beginning with the historical origins of the country. Students examine why the country embarked on the development strategies in different periods and what the consequences of those strategies were. The course will progress to the current period and examine the pressing policy issues facing the country today and how the leaders are dealing with those problems given the internal and external constraints. The country to be studied will be selected in the early part of the previous fall term by the group of students who applied and were selected by IPSA and the faculty advisor for the study tour. During the seven-weeks, students who will be participating in the second part of the course (the country tour) will choose topics to study and to be further discussed with policy makers in the country. They will also organize meetings with the relevant individuals in the country. This course is limited to approximately 20 students who are selected by IPSA and a faculty advisor during the previous fall semester. Those students who have completed PUBPOL674-001 and participated in organizing the trip (including fund raising), will travel to the chosen country during the U-M Spring Break and meet with individuals from a variety of institutions, based on their interests developed in the seven-week course. Upon their return, they will be expected to write a report and to produce web-site material and other deliverables for the Ford School in order to receive credit. (Parthasarathy)

    Principles of Finance & Global Financial Markets (PUBPOL 741)

    Finance is fundamental to many public policy questions. When the financial sector works well, it transfers resources from savers to borrowers, allowing individuals to save and businesses to invest. But when the financial sector works badly, resources are misallocated and financial crises threaten the entire economy. This course provides an overview of financial markets and institutions, and then considers the causes, consequences, and possibly policy responses to financial crises. (Hausman)

    Economics of the Public Sector (PUBPOL 744)

    This is a course on how economists think about government revenue and government expenditures — how governments raise and spend public money. Public Finance is a subfield of microeconomics. In the course, we will begin by delving more deeply into rationales for government intervention in the market (introduced in Micro A/B), including public goods, externalities, and equity. We will then use the tools of economics to analyze a number of important public policy issues, such as public health insurance, social security, and anti-poverty programs. The second part of the course will cover tax policy, and we will explore how the burden of taxation is distributed, how taxes affect the economic behavior of individuals and firms, and options to reform the tax system. The course will cover the theory of public finance in depth, but the ultimate aim will always be to apply the concepts to real world policies and programs. Toward that end, we will spend substantial time both inside and outside of the classroom applying the concepts and reviewing existing empirical evidence. The course focuses on the US, but we will discuss comparisons with other countries from time to time. (Stevenson)

    Business Law and Ethics (BL 300 & WMBA 519)

    Business Law and Ethics --- This is a core course in the Junior Integrative Semester. If focuses on the role of law in positive leadership development and organizational success. The course has two main goals: (1) to develop legally savvy leaders who are able to achieve career success by understanding the legal and ethical aspects of their business responsibilities and (2) to show how organizations can achieve competitive advantage by reducing legal risk and using the law to create economic value, while also encouraging responsible conduct. The course examines legal and ethical issues that every businessperson should understand to make sound business decisions in a global environment. It provides an overview of the legal system, the nature and uses of law, ethical decision-making frameworks, business organizations and agency, contract law, torts and the law of product liability, criminal law, the regulatory environment, intellectual property, employment law, securities law and mergers and acquisitions law. (Rogala and Kress)

    Legal Environment of Business (BL 305)

    Legal Environment of Business ---It is essential for future business leaders and entrepreneurs to have an understanding of the role of the law and legal risk in shaping business decisions, achieving competitive advantage, and avoiding legal pitfalls. This course provides an introduction to the Anglo-American legal system and the development of substantive and procedural law with emphasis on the idea that business relationships are based upon contractual agreements. The course covers numerous pertinent business laws and regulations that shape business activities, including common law contracts, the Uniform Commercial Code (sales and leases), tort law (including negligence and products liability), international business transactions, environmental law, intellectual property law, jurisdiction, constitutional law, accountants legal liability, criminal law, and the relationship between law and ethics. Legal cases are studied to trace the development of the common law and to illustrate actual business problems that business professionals will encounter throughout their careers. (Muir)

    Big Data in Finance (FIN 342)

    Big Data in Finance --- This course aims to facilitate the acquisition of skills that are useful in quantitative asset management. The course starts from basic portfolio theory and then reviews basic quantitative investment strategies (such as value, growth, momentum, and carry strategies). Students then develop, back-test, and evaluate trading strategies in a portfolio context, both in a domestic and an international context, as well as in a multi-asset framework covering equities, bonds, and commodities. Finally, we cover the real-time use of non-standard data sources. (Schmalz)

    Professional Capstone: Finance and Banking Law (BL 407)

    Legal Issues in Finance and Banking --- Leaders in finance and banking operate in an environment fraught with legal risk. Financial companies are highly regulated, subject to strict supervision, and the target of frequent litigation. For leaders in these fields, the ability to identify, assess, and develop strategies for addressing legal risk is indispensable. This capstone course challenges students to integrate concepts from across the BBA curriculum to manage legal risks in finance and banking. Students will synthesize concepts from finance, strategy, business organizations, communications, and ethics in order to analyze real-world business problems. This capstone course is recommended for students pursuing careers in investment banking, financial services, consulting, or law. (Kress)

    Business and the Public Policy Process (BL 488)

    Business and the Public Policy Process --- Registration for BL 488 is by application only. For more information about this course and the application process, please visit the BBA Washington Campus website. This course is designed to provide students with the tools needed to incorporate the public policy dimension into managerial decision making and strategic planning. The course focuses on Congress and the legislative process, the structure of the federal courts, the impact of judicial decision making on business, the federal regulatory process, the organization of the White House, the role of lobbyists and interest groups, and the role of the media in the public policy process. The course is taught in Washington, DC.  (Bishara and Siedel)

    Applied Microeconomics (BE 501)

    Applied Microeconomics --- The development of analytical tools and their application to important economic issues. Refines central concepts concerning competition, economic efficiency and the function of property rights, and discusses the effects of the regulation and the rationale for government intervention in the economy. Other topics include the analysis of capital, uncertainty and monopoly. (Adhvaryu)

    Financial Management (FIN 503)

    This is the first course in finance in our MBA sequence. The goal is to introduce students to the key concepts in analyzing financial decisions, and to provide applications to the real-world. The emphasis in the course is on problem-solving. The class is largely lecture-oriented, with several problem sets, and individual assignment and final exam. Topics include the time value of money, investment decision criteria, cash flows of projects and firms, portfolio theory, the Capital Asset Pricing Model, market efficiency, and capital structure. (Rajan)

    Legal Issues in Finance and Banking (BL 507)

    Legal Issues in Finance and Banking --- Leaders in finance and banking operate in an environment fraught with legal risk. Financial companies are highly regulated, subject to strict supervision, and the target of frequent litigation. Moreover, the recent financial crisis and passage of the Dodd-Frank Act have increased scrutiny of the financial sector and created new types of legal risks. The goal of this course is to develop leaders of financial companies who are prepared to fulfill the legal aspects of their business responsibilities and who understand how their organizations can achieve competitive advantage by reducing legal risk and using the law responsibly to create economic value. The course will include coverage on legal issues related to securities law, systemically important firms, hedge funds and derivatives, and private equity and venture capital. This course is recommended for students pursuing careers in investment banking, financial services, corporate finance, private equity, venture capital, accounting, or consulting. (Kress)

    Law of Marketing (BL 513)

    Law of Marketing --- This course is an overview of the law relating to marketing activities. The course takes the student through the legal issues raised by the marketing function, from the initial issues related to product development, through sale of the product or service to the public, to legal issues relating to distribution and promotion of the product or service. Topics to be covered include the protection of intellectual property; the law relating to the sale of goods; liability for defective goods (warranty and products liability law); antitrust law; consumer protection; the regulation of unfair or deceptive practices; and commercial speech issues. The course is designed to have a managerial focus and to provide the student with the necessary tools to make more informed decisions when confronted with legal questions regarding the marketing function. The emphasis is on the prevention of legal liability and disputes and the use of the law to create orderly, defensible business decision-making. (Rogala)

    International Finance Sequence

    • Course One (FIN 612)
      We focus on the major characteristics, institutions, and players of the exchange rate markets. In particular, we consider the interaction between cross-border trade, capital flows, interest rates, inflation, monetary and fiscal policies, economic growth, exchange rate regimes, Central Banks' interventions, and currency crises, and their impact on financial investment and corporate decision-making. The course is tailored to students seeking careers in international banking and portfolio management or in finance and strategy for domestic and multinational corporations.  (Pasquariello)
       

    • Course Two (FIN 614)
      We focus on the major characteristics, institutions, and players of the international stock and bond markets. In particular, we examine the opportunities presented in those markets by such liquid assets as currencies, equities, bonds, swaps, and other derivatives for achieving risk management, asset allocation, capital budgeting, and financing objectives. We also attempt to explain and interpret the recent wave of international financial crises affecting the global capital markets. The course is tailored to students seeking careers in international banking and portfolio management or in finance and strategy for domestic and multinational corporations. (Pasquariello)
       

    Corporate Financial Policy (FIN 621)

    Corporate Financial Policy --- This is an advanced corporate finance course with an emphasis on debt and equity management, security issuance, and distribution policy. Topics include descriptions of types of debt and equity, tradeoffs in the choice of an optimal capital structure; the role of capital structure in competitive strategy; the design of capital structure and securities to control information problems and limit conflicts of interest between different classes of security holders; procedures and costs of issuing securities including initial public offerings, and the determinants of optimal payout policy. The course is intended for those with career objectives in financial management, the corporate finance aspects of investment banking, or general management. (Purnaanandam)

    Corporate Governance (WMBA 631)

    Corporate Governance --- Every business activity is affected by the issues of corporate governance and social responsibility. This course will examine how modern corporations are governed and to whom they should be responsible. It will discuss the role of the board of directors and the reaggregation of shareholder power due to concentrated institutional holdings. The course will discuss the effects of legislation on corporate governance, including the adoption of laws that permit, and in one state require, the board of directors to take into account the impact an action will have not only on the shareholders but also on the other corporate stakeholders like employees, customers, suppliers, and communities where the corporation does business. Consideration is also given to international comparisons of corporate governance structures and legal issues arising in contests for corporate control. The material in this course is taken directly from actual corporate conflicts. The struggles over control of the modern corporation evolve and present themselves in a myriad of forms. The issues underlying these struggles are still being resolved. This course seeks to alert future business actors to the powerful impact these issues will have on their ability to manage effectively. Further, students will be encouraged to develop and refine their views on how these issues should be resolved. (Schipani)

    Commercialization of Biomedicine (ES 720)

    Commercialization of Biomedicine --- This interdisciplinary course introduces graduate students to the key issues faced by companies attempting to bring science and technology innovations in biomedical therapeutics, devices, and diagnostics to market. Because the details of doing this change, the course will present not just current practices but also the rationales behind those practices and more general, analytic frameworks that students will be able to use when specific industry conditions change. Issues include understanding and reaching biomedical markets, regulation, financing, risk, organizational configurations, and alliances. Students will understand the various ways commercialization is done and the reasons why it is done those ways.
    (Gordon)

    Topics in IB-BE I (BE 887)

    Topics in IB-BE I --- This course covers topics of relevance to research in the fields of international business and business economics. Over a two-year cycle, these courses provide coverage of topics such as Foreign Direct Investment, International Cartels, Productivity and Growth, International Corporate Finance, as well as Entrepreneurship, Labor Markets, and Regulation in the Global Economy. (Lyon and Lafontaine)

    Topics in IB-BE II (BE 888)

    Topics in IB-BE II --- This course covers topics of relevance in the fields of international business and business economics. Over a two-year cycle, these courses provide coverage of topics such as Foreign Direct Investment, International Cartels, Productivity and Growth, International Corporate Finance, as well as Entrepreneurship, Labor Markets, and Regulation in the Global Economy. (Sivadasan and Handley)

    Topics in IB-BE III (BE 889)

    Topics in IB-BE III --- This course covers topics of relevance in the fields of international business and business economics. Over a two-year cycle, these courses provide coverage of topics such as Foreign Direct Investment, International Cartels, Productivity and Growth, International Corporate Finance, as well as Entrepreneurship, Labor Markets, and Regulation in the Global Economy. (Lyon and Miller)

    Property (LAW 560)

    This course has two basic purposes. The first is a basic survey of the law of property which examines the forms and methods by which property interests are held, used, and transferred. More specifically, it investigates gifts of personal property, adverse possession, conveyancing of real property, estates and future interests, concurrent ownership, nuisance, easements, covenants, zoning, takings, and eminent domain. The course's second purpose grows out of the fact that it is the foundational course which most centrally depends on the common law. It is therefore an excellent vehicle for acquiring skills in handling the common law that are essential for success in law school and in the practice of law. The course, then, is intended to help students become (1) perceptive readers of legal documents (including statutes, regulations, cases, deeds, contracts, and so on); (2) adept at analyzing the structure of legal arguments; and (3) acute in criticizing legal arguments. Note: this course is a foundational course which is recommended -- and sometimes required -- before taking some upper-level offerings in intellectual property, real estate, or land use law.

    International Investment Law (LAW 602)

    Foreign investment has long been recognized as one of the pillars of the global economy, and is now a focus on significant public attention as many states -- especially in Latin America, Eastern Europe, and the former Soviet Union -- view it as the key to rescuing their economies. This course will examine the international community's regulation of foreign investment, focussing upon the norms that have emerged over the past seventy years to govern this process. The class will primarily address investment abroad, in both developed and developing nations, although attention will also be given to restrictions on foreign investment in the United States. It will consider the protections required by international investors, e.g., those concerning establishment of new enterprises, transfers of profits, fair treatment, and expropriation. We will also discuss the increased focus on responsibilities of investors in the areas of human rights and environmental and labor standards. Resolution of investment disputes will also be covered. The course is designed both to shed light on the process of foreign investment as well as to demonstrate the relevance of international law to transnational business transactions. Completion of Transnational Law or an equivalent course in international law prior to taking this course is highly recommended but not required.

    Corporate Lawyer: Law & Ethics (LAW 657)

    The Corporate Lawyer is intended to be the first course for students interested in careers as corporate lawyers or representing public corporations. We will focus on ethical issues relating to the representation of a corporation, including conflicts and their waiver, confidentiality, and client identity. We will also address the ethical obligations that corporate lawyers owe to the courts and regulators, particularly the topic of whistleblowing. In addition, we will study the role of lawyers in advising corporate boards and officers with regard to their fiduciary obligations, and corporate governance issues, including corporate powers, shareholder voting rights, and liability issues. This course also introduces students to the regulation of public corporations under the securities laws, including the obligations imposed by the securities laws on corporate lawyers. This course has replaced Law 723 "The Public Corporation" in the curriculum. This course (or Enterprise Organization) is a prerequisite for many advanced corporate law classes. No prior background in business is assumed. Students who have previously taken The Public Corporation may not take this course, and students may not take both Enterprise Organization and The Corporate Lawyer for credit. (Pritchard, Khanna)

    Capital Markets Regulation (LAW 659)

    This course concerns the law, economics, and institutions of financial trading markets, such as markets for stocks and bonds, which provide "capital" or financing for businesses in the economy. These markets serve vital social functions, including facilitating trade and incorporating information into prices, which serve as guides for the real economy. The course will begin with the major institutions of financial trading markets. It will then address the economic theory that explains their dynamics. These segments lay the groundwork for a more informed discussion of the substantive law that governs capital markets. In particular, we will consider (1) the regulation of market structure; (2) contemporary controversies regarding the modern stock market, such as high-frequency trading and dark pools; and (3) the regulation of misconduct by traders, including manipulation and insider trading. By the end of the course, students should be equipped to analyze with sophistication important law and public policy issues, such as high frequency trading, dark pools, and market structure. The class is a blend of statutory and case law, economics, and public policy. It should be of value to any student interested in a career involving the capital markets, securities, or with an interest in the functioning and social value of markets. This course focuses on trading markets, in contrast to Securities Regulation, which focuses on the regulation of the issuers of stocks and bonds, and their agents, in connection with the offering of securities. (Rauterberg)

    International Environment Law and Policy (LAW 682)

    This introductory environmental law course will focus on the legal regulation of pollution and waste management. The course will cover a number of federal environmental statutes, including the Clean Water Act, the Clean Air Act, the Resource Conservation and Recovery Act, and the Superfund law. In studying these statutes, we will consider a number of more general issues relating to environmental regulation, including the proper goals of environmental regulation; the roles of science and risk assessment; the valuation of environmental injuries and environmental benefits; and the choice of regulatory approach, ranging from command-and-control regulation to information disclosure requirements. (Mendelson)

    Financial Regulation (LAW 709)

    This course explores financial regulation in the aftermath of the most systemic financial crisis in the last 70 years. The 2007-2009 financial crisis was followed by a major shift in regulatory design with the enactment of the Dodd-Frank Act. We analyze and compare the current market and regulatory architecture of the U.S. financial sector, from banks, insurance companies, and broker-dealers, to asset managers and complex financial conglomerates. We explore a range of financial activities, from consumer finance and investment to payment systems, securitization, short-term wholesale funding, money markets, and derivatives. We examine a range of regulatory techniques, including supervision, enforcement, and rule-writing, as well as crisis-fighting tools such as resolution and the lender of last resort. We also note the cross-border implications of U.S. rules, and compare, where appropriate, the U.S. financial regulatory framework and policy choices to those in other places around the globe, especially the European Union. We also discuss the proposals from the New Administration to repeal important provisions in the Dodd-Frank Act and otherwise reverse the regulatory course for important parts of the U.S. financial system.

    Securities Regulation (LAW 723)

    This course covers the regulation of securities offerings and trading under the Securities Act of 1933 and the Securities Exchange Act of 1934. It examines offerings and the registration process under the Securities Act, along with reporting requirements under the Exchange Act. The course will also cover fraud, insider trading and civil liabilities under both Acts. (Pritchard, Khanna)

    Seminar on Law & Economic Development in India (LAW 835)

    This seminar examines the relationship between law and economic development by focusing on one of the largest and fastest growing economies: India. The seminar begins with a brief and general discussion of the role of the law in economic development and canvasses some influential and important theories. We then provide a thumbnail sketch of India and the Indian legal system. We explore the structure of the Indian Constitution - the world's largest written Constitution - and how the Indian judiciary manages to balance two competing and often opposing images: being one of the most active and independent judiciaries while also being slow, overburdened and occasionally corrupt. Following this the seminar examines specific areas of law and legal reforms in the India that have a significant impact on economic development. These include reforms to intellectual property, labor law, corporate law and financial markets laws, property, infrastructure policy, foreign investment, competition policy, and the role of the public sector. The seminar delves into how these reforms influence economic development and what implications they have for the sectors and regions of the Indian economy. From here the seminar briefly examines some of the experiences in other countries to tease out whether the "emerging" world presents interesting insights into the theories on law and economic development. We then conclude with a discussion of how the experiences in India help to enrich our understanding of the role of law in economic development (There are a couple of sessions dealing with debt and equity markets in India). (Khanna)

    Seminar on Corporate Criminal Liability/White Collar Crime
    (Has not been offered recently)

    This seminar examines a series of important issues related to corporate criminal liability and the regulation of corporate wrongdoing in general. Much greater attention has been focused on these areas following the recent spate of corporate scandals, such as Enron and Worldcom. For the first part of the course, materials will be assigned that examine a number of topics related to corporate crime and wrongdoing. These include the justification(s) for corporate -- as opposed to managerial - liability, the rationales for extending liability from the corporation to third parties (gatekeepers), the importance of the organizational sentencing guidelines, and strategies for prosecuting and defending individuals and corporations. We will also discuss recent developments such as the changes to the law following the Enron scandal and the increasing importance of corporate compliance programs. The remainder of the semester will consist of student presentations on topics related to the themes of this seminar. (Khanna)

    Topics in Macroeconomics - Global Imbalances and Government Policy (ECON 412)

    Topics in macroeconomic theory including empirical studies and policy applications. (Blanco)

    Seminar in Economics - Analysis of Public Policies (ECON 495)

    The theme of the course is applying economic theory or empirical analysis for the study of causes and/or consequences of public policies and regulation. This seminar will provide a forum where students can pursue independent thesis research. The goals of the course are to teach critical analysis and interpretation of the analysis of public policies as a means to writing a research paper (thesis). As junior and senior Economics majors you have been well-trained in economic reasoning and hypothesis formulation. In this course you extend these skills in an active learning environment by formulating your own hypotheses about causes and consequences of public policies and regulation and write your own piece of research. (Troiano)

    Law and Economics (ECON 485)

    This course examines important legal issues using economic analysis. Topics include property rights, torts, contracts, and crime. We will explore how the structure of the law can induce efficient incentives in each of these areas. Furthermore, we will also study the relative benefits and costs of market (cap-and-trade) and nonmarket (command-and-control) schemes of regulating the environment. Finally, this course studies financial regulation in the wake of the U.S. financial crisis. (Cho)

    Global Macroeconomics (Econ 495)

    The goal of the course is to create a collaborative environment that helps students identify a research topic, formulate economic hypotheses, identify data or an economic argument to evaluate hypotheses, and then to communicate the results orally and in writing. Students will have an opportunity to present their work to others for feedback and suggestions. It is essential for students majoring in economics to be able to communicate and to write clearly. Interaction with peers is an important component of the course. The end result should be a high quality, original economics paper that can be submitted as an honors thesis. (Tesar)