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Jason Abrevaya, Chair 2225 Speedway, Stop C3100, Austin, TX 78712 • Admin: 512-471-3211 & Advising: 512-471-2973

Daniel T Slesnick

Professor Ph.D., Harvard University

Daniel T Slesnick

Contact

ECO 420K • Microeconomic Theory

34710 • Spring 2014
Meets WF 800am-930am UTC 3.124
show description

A SURVEY OF NEOCLASSICAL AND CONTEMPORARY THEORIES OF THE PRINCIPAL DETERMINANTS OF PRICES AND OF THE ROLE OF PRICES IN ECONOMIC ORGANIZATION. REQUIRED OF STUDENTS MAJORING IN ECONOMICS. STUDENTS MAY NOT ATTEMPT ECONOMICS 420K MORE THAN TWICE.

PREREQUISITE: ECONOMICS 304K AND 304L WITH A GRADE OF AT LEAST C- IN EACH, AND MATHEMATICS 408C AND 408D, OR MATHEMATICS 408K AND 408L, WITH A GRADE OF AT LEAST C- IN EACH.

The primary objective of the course is to study contemporary theories of the principal determinants of prices and the role of prices in economic organization. The course will emphasize the fundamental concepts of microeconomics and provide concrete examples of their application. The course will cover the demand and supply theories for competitive markets, some instances of market power, basics of the game theory, choice under uncertainty, and equilibrium in an exchange and production economy.

ECO 420K • Microeconomic Theory

34495 • Fall 2013
Meets WF 800am-930am UTC 3.124
show description

A SURVEY OF NEOCLASSICAL AND CONTEMPORARY THEORIES OF THE PRINCIPAL DETERMINANTS OF PRICES AND OF THE ROLE OF PRICES IN ECONOMIC ORGANIZATION. REQUIRED OF STUDENTS MAJORING IN ECONOMICS. STUDENTS MAY NOT ATTEMPT ECONOMICS 420K MORE THAN TWICE.

PREREQUISITE: ECONOMICS 304K AND 304L WITH A GRADE OF AT LEAST C- IN EACH, AND MATHEMATICS 408C AND 408D, OR MATHEMATICS 408K AND 408L, WITH A GRADE OF AT LEAST C- IN EACH.

The primary objective of the course is to study contemporary theories of the principal determinants of prices and the role of prices in economic organization. The course will emphasize the fundamental concepts of microeconomics and provide concrete examples of their application. The course will cover the demand and supply theories for competitive markets, some instances of market power, basics of the game theory, choice under uncertainty, and equilibrium in an exchange and production economy.

ECO 420K • Microeconomic Theory

34270 • Spring 2013
Meets WF 800am-930am UTC 3.124
show description

A SURVEY OF NEOCLASSICAL AND CONTEMPORARY THEORIES OF THE PRINCIPAL DETERMINANTS OF PRICES AND OF THE ROLE OF PRICES IN ECONOMIC ORGANIZATION. REQUIRED OF STUDENTS MAJORING IN ECONOMICS. STUDENTS MAY NOT ATTEMPT ECONOMICS 420K MORE THAN TWICE.

PREREQUISITE: ECONOMICS 304K AND 304L WITH A GRADE OF AT LEAST C- IN EACH, AND MATHEMATICS 408C AND 408D, OR MATHEMATICS 408K AND 408L, WITH A GRADE OF AT LEAST C- IN EACH.

The primary objective of the course is to study contemporary theories of the principal determinants of prices and the role of prices in economic organization. The course will emphasize the fundamental concepts of microeconomics and provide concrete examples of their application. The course will cover the demand and supply theories for competitive markets, some instances of market power, basics of the game theory, choice under uncertainty, and equilibrium in an exchange and production economy.

ECO 341K • Introduction To Econometrics

34290 • Spring 2012
Meets MW 500pm-630pm BRB 2.136
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INTRODUCES THE STUDENT TO STANDARD REGRESSION PROCEDURES OF PARAMETER ESTIMATION AND HYPOTHESIS TESTING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K AND 329 WITH A GRADE OF AT LEAST C- IN EACH.

Econometrics is an application of statistical methods to the estimation of economic relationships. Students are expected to have an understanding of both statistics and economic theory. This course reveals how relationships among economic variables are discerned from data. The primary focus of this course is on estimation methodology. If more information is needed contact instructor.

ECO 420K • Microeconomic Theory

34060 • Fall 2011
Meets WF 800am-930am SZB 296
show description

A SURVEY OF NEOCLASSICAL AND CONTEMPORARY THEORIES OF THE PRINCIPAL DETERMINANTS OF PRICES AND OF THE ROLE OF PRICES IN ECONOMIC ORGANIZATION. REQUIRED OF STUDENTS MAJORING IN ECONOMICS. STUDENTS MAY NOT ATTEMPT ECONOMICS 420K MORE THAN TWICE.

PREREQUISITE: ECONOMICS 304K AND 304L WITH A GRADE OF AT LEAST C- IN EACH, AND MATHEMATICS 408C AND 408D, OR MATHEMATICS 408K AND 408L, WITH A GRADE OF AT LEAST C- IN EACH.

The primary objective of the course is to study contemporary theories of the principal determinants of prices and the role of prices in economic organization. The course will emphasize the fundamental concepts of microeconomics and provide concrete examples of their application. The course will cover the demand and supply theories for competitive markets, some instances of market power, basics of the game theory, choice under uncertainty, and equilibrium in an exchange and production economy.

ECO 341K • Introduction To Econometrics

34480 • Spring 2011
Meets MW 500pm-630pm BRB 2.136
show description

INTRODUCES THE STUDENT TO STANDARD REGRESSION PROCEDURES OF PARAMETER ESTIMATION AND HYPOTHESIS TESTING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K AND 329 WITH A GRADE OF AT LEAST C- IN EACH.

Econometrics is an application of statistical methods to the estimation of economic relationships. Students are expected to have an understanding of both statistics and economic theory. This course reveals how relationships among economic variables are discerned from data. The primary focus of this course is on estimation methodology. If more information is needed contact instructor.

ECO 420K • Microeconomic Theory

33348-33349 • Fall 2010
Meets WF 800am-930am UTC 1.130
show description

A SURVEY OF NEOCLASSICAL AND CONTEMPORARY THEORIES OF THE PRINCIPAL DETERMINANTS OF PRICES AND OF THE ROLE OF PRICES IN ECONOMIC ORGANIZATION. REQUIRED OF STUDENTS MAJORING IN ECONOMICS. STUDENTS MAY NOT ATTEMPT ECONOMICS 420K MORE THAN TWICE.

PREREQUISITE: ECONOMICS 304K AND 304L WITH A GRADE OF AT LEAST C- IN EACH, AND MATHEMATICS 408C AND 408D, OR MATHEMATICS 408K AND 408L, WITH A GRADE OF AT LEAST C- IN EACH.

The primary objective of the course is to study contemporary theories of the principal determinants of prices and the role of prices in economic organization. The course will emphasize the fundamental concepts of microeconomics and provide concrete examples of their application. The course will cover the demand and supply theories for competitive markets, some instances of market power, basics of the game theory, choice under uncertainty, and equilibrium in an exchange and production economy.

ECO 420K • Microeconomic Theory

33545 • Spring 2010
Meets MW 930-1100 UTC 3.102
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Download attachment to view syllabus.

ECO 341K • Introduction To Econometrics

33849 • Fall 2009
Meets TTH 1100-1230pm BRB 1.118
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ECO 341- Introduction to Econometrics

Fall 2009

Slesnick

Office: BRB 2.134C

Office Hours: T,TH 5:00-6:30

email: slesnick@austin.utexas.edu

Course Description:

This is an introductory course in econometrics. A good understanding of the material

covered in Eco 420K and Eco 329 is presumed. Both differential and integral calculus

are prerequisites for this class, and will be used extensively throughout the semester.

Requirements:

Two midterm exams will given on October 13 and November 19. There will also

be four or five unannounced quizzes that will be based on the homework. Each midterm

will account for 20 percent of the course grade as will the average score of the quizzes.

There will be a comprehensive final exam on December 14 that will account for the

remaining 40 percent of the course grade. Problem sets will be assigned but will not be

graded. Approximately one week after handing out the homework, answers will be provided.

There will be no make-up exams or quizzes for any reason. A missed exam or quiz

will result in a failing grade.

 

Course Organization:

The course will meet Tuesdays and Thursdays at 11:00 in BRB 1.118.

 

Text:

Jeff Wooldridge, Introductory Econometrics: A Modern Approach (3rd ed.), 2006.

 

READING

1. Review of Statistics

Reading: Wooldridge, Appendices B and C.

Application: Wage differences across gender and race.

 

2. Simple Regression Model

Reading: Wooldridge, Chapter 2.

Application: Capital Asset Pricing Model.

 

3. Multiple Regression Model: Estimation and Inference

Reading: Wooldridge, Chapters 3, 4, and 7.

Application: Wage equations.

 

4. Diseases in the Multiple Regression Model

Reading: Wooldridge, Chapters 8 and 9.

Application: Housing Prices.

 

5. Maximum Likelihood and Discrete Choice Models

Reading: Wooldridge, Chapter 17.1.

Application: Welfare dependency.

 

6. Time Series Models.

Reading: Wooldridge, Chapters 10 and 12.

Application: Demands for goods and services.

 

7. Endogenous Regressors and Instrumental Variables

Reading: Wooldridge, Chapter 15.

Application: Wages, Education and Ability.

 

8. Limited Dependent Variables and Sample Selection

Reading: Wooldridge, Chapter 17.

Application: Consumer Durables.

ECO 420K • Microeconomic Theory

33020 • Spring 2009
Meets MW 930-1100 UTC 3.102
show description

A SURVEY OF NEOCLASSICAL AND CONTEMPORARY THEORIES OF THE PRINCIPAL DETERMINANTS OF PRICES AND OF THE ROLE OF PRICES IN ECONOMIC ORGANIZATION. REQUIRED OF STUDENTS MAJORING IN ECONOMICS. STUDENTS MAY NOT ATTEMPT ECONOMICS 420K MORE THAN TWICE.

PREREQUISITE: ECONOMICS 304K AND 304L WITH A GRADE OF AT LEAST C- IN EACH, AND MATHEMATICS 408C AND 408D, OR MATHEMATICS 408K AND 408L, WITH A GRADE OF AT LEAST C- IN EACH.

The primary objective of the course is to study contemporary theories of the principal determinants of prices and the role of prices in economic organization. The course will emphasize the fundamental concepts of microeconomics and provide concrete examples of their application. The course will cover the demand and supply theories for competitive markets, some instances of market power, basics of the game theory, choice under uncertainty, and equilibrium in an exchange and production economy.

Publications

"Consumption and Labor Supply", Journal of Econometrics, Vol. 147, No. 2, December, pp. 326-335, 2008 (with D. Jorgenson).

"Prices and Demand: New Evidence from Micro Data", Economics Letters, Vol. 89, No. 3, December, pp. 269-274, 2005.

"Prices and the Regional Variation in Welfare", Journal of Urban Economics, Vol. 51, No. 3, May, pp. 446-468, 2002.

Consumption and Social Welfare: Living Standards and their Distribution in the United States, Cambridge University Press, New York, 2001.

"Empirical Approaches to the Measurement of Welfare", Journal of
Economic Literature
, Vol. 36, No. 4, December, pp. 2108-2165, 1998.

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