This course covers academic research in the Economics of Education. Topics include production of student achievement, measuring student achievement, funding of public education, and school choice and school vouchers. Students are required to participate actively in class. There is a term project requiring students to take a research-based position on a current policy issue in Education. Enrollment is limited. Prerequisite courses include: Intermediate Microeconomics or equivalent, Calculus, Econometrics.
For faculty, graduate students and advanced undergraduates planning to pursue a PhD in applied micro economics. This seminar serves as a forum for presentation and discussion of current research in Public Economics, Industrial Organization, Labor Economics, Development Economics and applied microeconomics. Presenters are invited speakers, Brown faculty members, and students near thesis completion.
This course covers topics Public Economics, including economics of taxation (tax incidence, welfare cost of taxation and optimal taxation) and economics of publicly provided goods and services (education, health care, and social insurance). Students are expected to make short presentations and participate actively in class discussion. Students are also expected to write a short research paper in the first term, and can either extend that paper in the second term or write another short paper. Empirical papers, which can also be submitted for the econometrics requirements are encouraged. There is an oral final examination in each term.
The course combines theoretical and empirical analysis of market behavior. Methodologically, the emphasis is on identification and estimation of empirical models that are consistent with, or even derived directly from, theoretical models. Topics to be covered include collusion, demand estimation, differentiated products, oligopoly, entry and exit, vertical relations, auctions, dynamic oligopoly models, network markets, estimation of production functions, and the roles of moral hazard and adverse selection in markets. While the focus of the course will be on empirical work, the discussion of each topic will include the relevant theoretical framework.