Biyan Tang

Survey of the American economy focusing on markets, the price system, and resource allocation. Price determination in competitive and imperfectly-competitive markets. Applications in agricultural economics, legal prices, excise taxes, labor market issues, advertising, technological change, pollution and the environment, public goods, antitrust policy, international trade, and alternative economic systems.

Survey of introductory macroeconomics with focus on economic growth, unemployment, and inflation. Topics covered include national income accounting, inflation, unemployment, fiscal policy, money, the banking system, and monetary policy. Balance of payments and currency exchange rate issues are analyzed. Cross-listed as PST 232

Survey of introductory macroeconomics with focus on economic growth, unemployment, and inflation. Topics covered include national income accounting, inflation, unemployment, fiscal policy, money, the banking system, and monetary policy. Balance of payments and currency exchange rate issues are analyzed. Cross-listed as PST 232

Introduction to econometrics including development of basic techniques of bivariate and multivariate linear regression analysis; use of lagged variable and dummy variables in model building; problems of multicollinearity, autocorrelation and heteroscedasticity.

Translation of statistical concepts presented in Econometrics (ECO 333) into STATA. Labs teach basic functions in STATA such as data manipulation, variable construction, simple programming, regression, statistical testing and prediction. Labs consist of examples which will be solved step-by-step to foster an effective approach to statistical computing. The topics covered in labs correspond to those covered in ECO 333.