ECON - Economics
This course deals with the main phenomena and characteristics of the Colombian Economy. It is intended to show the main determinant factors of the domestic and economic reality and provide the analytical tools to facilitate its understanding, based on a historical approach and circumstantial situations. Topics: economic indicators, economic growth, government and tax policy, Central Bank and monetary policy, external sector, financial sector, labor market and income distribution, among others.
Credits
3
Credits
0
To compete and cooperate are decision-based strategies that create, in some occasions, welfare and progress, and disasters in others. The history of humankind and the history of economic, political and philosophical thinking have been marked by different perceptions about the competition and cooperation among individuals. Today, these phenomena are analyzed by several sciences concerning society and human behavior, and also by natural sciences with great applicability to the problems of today´s world. Within the realm of transdisciplinarity, this course merges the questions about the work of societies and, particularly, about the decision-making processes undertaken by individuals related to market, state and community institutions.
Credits
3
Instructor
Cardenas Juan
There are certain processes in the development of professional activities (whether private or public), prior to the decision-making stages, that require the conduction of complex processes of information management and consolidation, so as to have them analyzed later. The Excel Workshop is aimed at developing the student ability to command not only the tools of software packages such as Excel, Power Point, etc, but also to have a basic knowledge on professional-level information management and presentation.
Credits
0
Instructor
Alape Ospina Carlos
Credits
0
Instructor
De Roux Uribe Niñolas
Credits
0
The course dwells on the emergence of the capitalist system in Europe and its expansion towards the rest of the world, and analyzes different constructions addressed as to explain the upcoming of the capitalist system and the reasons of its worldwide dominance, bearing in mind not only economic variables, but also social, cultural and technological ones. The period studied goes from the emergence of a feudal system in Europe to the United States as world power.
Credits
3
Historical perspective of the evolution of economic ideas crafted by various authors of the western world, which encompass the historical origins and the theoretical groundings of the contemporary economic analysis. Some of the topics include the ideas of Mercantilists, Physiocrats and Classicals (Smith, Ricardo and Marx), as well as the economic paradigms.
Credits
3
The course addresses market structures by using graphic and quantitative analytical tools. Some of the topics are the following: perfect competition, prices and production under monopoly, monopoly balance in the short and long terms, monopoly balance with several plants, price discrimination, comparison of monopoly to perfect competition, introduction to the game theory, prices and production in oligopoly, comparison of solutions in oligopoly: collusion, threat, Cournot, Stackelberg, Bertrand, homogeneous and heterogeneous products, prices and production in monopolistic competition, balance in the short and long terms, horizontal and vertical product differentiation, competitive factor-based markets, imperfect information, moral risk, adverse selection, signboarding, principal-agent and information technology.
Credits
4
Credits
0
This course intends to provide a more in-depth analytical study of the issues concerning the microeconomics theory covered in Introduction to Microeconomics and Microeconomics II by using tools of differential calculus and dot-matrix algebra. The topics discussed are the following: intertemporal choices: interest rates, decisions on consumption and savings, assets and determinants of investment. Uncertainty, risk and information: expected benefit, aversion, uncertain assets, claim for insurances and financial assets, applications. General equilibrium: Edgeworth Box and the Walrasian equilibrium, Walras Law, income distribution, equilibrium characteristics, existence of equilibrium, properties of equilibrium, second-best theory, growing returns. Welfare Economics: Theory of justice and criteria of social welfare, market faults, welfare measurements.
Credits
4
Instructor
Espinosa Farfan Miguel
Credits
0
Credits
3
The core objective of the course is to familiarize students with the fundamentals of the game theory and develop their ability to understand its applicability to the solution of economic analysis problems. Static and dynamic games are studied in environments of complete and incomplete information. Thus, covering various concepts of equilibrium in games. Applications include oligopolies, auctions and tenders, public decision mechanisms and labor economics.
Credits
3
Framed by market economies, this course summarizes the core issues of microeconomics in relation to the consumer theory and the behavior of the firm in face of markets. The class will study the core issues of the consumer theory, production and cost functions, and the behavior of the firm in face of a marked based on perfect competition. In this regard, some of the topics studied are: analysis of simple monopoly, oligopoly, monopolistic competition and factor-based market. The course also includes a brief introduction to the game theory and an analysis of the relation between markets and the concept of welfare. It also puts into practice analytical and quantitative tools more advanced than those applied in introduction to microeconomics.
Credits
3
Credits
0
The course introduces students to the most important issues of the modern microeconomic theory based on an intuitive, critical and applied approach. The following topics are addressed: market theory and concept of equilibrium between demand and supply, household and consumer theory, theory of the firm and production, industrial organization, markets, perfect and imperfect competition, game theory, public goods, inefficiencies and free-riding, regulation, State and institutions, social preferences, moral risk, adverse selection, auctions and information disclosure. The student is expected to develop basic economic intuition geared to gain an insight into economics, based on concepts as supply and demand, incentives, market strategy, market faults, the concept of equilibrium and welfare. The course is targeted to elaborate on the basic functioning of markets and their conditions, as well as on how to determine when markets yield socially expected results.
Credits
3
Credits
0
The course in Intermediate Macroeconomics introduces the student to the formal language of modern macroeconomics and intends to provide students with basic analytical and mathematical tools used in more advanced economics courses. The core issue of the macroeconomic analysis in this course refers to the study of its microeconomic grounding and how the interaction between several agents (families, firms, government, external sector, trade unions, central bank, etc.) in various markets (assets, money, savings, labor, international, etc.) determines the aggregate behavior of economy. Macroeconomic aggregates as such meet the condition of aggregate consistency in terms of equilibrium. The course begins with a leisure-consumption static general equilibrium model and then goes into more complex dynamic models. Throughout the course, the various models are applied to study economic phenomena as inflation, unemployment, economic cycles, and the effects of tax monetary policy and international trade.
Credits
4
Instructor
Suescun Rodrigo
Credits
0
This course is an introduction to the modern theories of growth. It goes beyond the neoclassical model of economic growth and studies models based in the intertemporal choices of consumption-savings, labor-leisure and education-labor participation. It also deals with the role of factors such as accumulation of human capital, technological innovation and absorption of existing technologies in the long-term economic development. Finally, students will get into detail about the endogenous transition of a Malthusian stage to a modern time of sustained economic growth and the role of demographic transition.
Credits
4
Credits
0
This is the first course of basic preparation in macroeconomic theory. The course is focused on presenting the fundamentals of this discipline and approaching the typical methodology of the macroeconomic analysis. The Colombian situation is a permanent indicator throughout the course, it is used to compare the theoretical statements posed and show some peculiarities of our domestic economy. Finally, the student is expected to get familiar with database management and get used to provide follow-up in the macroeconomic situation. The course will also address the classical model as benchmark of long-term economic analysis and short-term IS-LM and Added Supply/Demand Models, along with basic macroeconomic concepts as GDP and other macroeconomic aggregates, interest rates and inflation.
Credits
4
Credits
0
This course intends to provide the student with an insight into the main concepts and instruments used by economists and other social scientists of the economic field to conduct quantitative measurements and analyses. The student will be also introduced to the main accounting concepts.
Credits
3
Credits
0
Econometrics, with its rigorous statistical instrumentation, serves to provide validation in the empirical field of economic theory. Statistical methods taught throughout the course in Econometrics I allow to estimate empirical relations among economic variables and validate or refute economic theories in specific contexts. The main objectives of the course are: (i) to familiarize the student with empirical works, (ii) to present the basic econometric concepts and (iii) to provide some guidelines on how to conduct applied research in economics. Some of the subject matters are the following: classical linear model of simple and multiple regression, minimum square and maximum verisimilitude estimators, estimation and application of different functional forms, constraints, fictitious independent variables and management of different problems associated with the non-compliance with classical linear model statements. The operational part lying at the heart of the course is based upon the most commonly used econometric programs such as EVIEWS and STATA.
Credits
4
Instructor
Santos Villagran Rafael
Credits
0
This course intends to provide the student with the basic concepts of the probabilistic theory and the statistical inference and its applications to economics and introduce the class to the environment of electronic statistical programs. The content taught is used not only in later courses in the field of statistics and econometrics, but also in courses in other areas. The class will be encouraged to continue exploring the area of econometric and statistical models along their career.
Credits
3
Instructor
Hernandez Castillo Carlos
This course is concerned with the Marxian economic theory, particularly, with regards to the issues of value, distribution, exploitation and general trends of capitalism. It begins with an overview about the value theories of Smith and Ricardo, aimed to show that Marxism represents both an evolution and breaking off of the classical thinking. Later, the class will study some chapter of Marx´s main economic work, The Capital, in order to grasp the core elements of his exploitation theory. Finally, some contemporary works, and Marx´s critics and specialists will be analyzed to encourage students to exercise their intellectual autonomy and own criteria.
Credits
3
This course is concerned with the nature and dynamics of the renewable and non-renewable resources, ecosystems and the related social services. The class will analyze the technological and institutional causes of the issues of water, air and soil contamination and deterioration and their social and economic consequences.
Credits
3
Instructor
Maldonado Jorge
Econometrics II is based on the previous econometric course, Econometrics I, and it is designed to approach additional topics used in economic applied research. The course is divided into three sections: crossed section, time series and panel data. The topics included in the course are listed as follows: Crossed section: Proxy variables, instrumental variables, simultaneous equation, dependent qualitative and limited values. Time series: stationarity, Box-Jenkins methodology. Data panels: cross-sectional time cuts, difference in differences, fixed and random and effects. The operational part lying at the heart of the course is based upon the most commonly used econometric programs such as STATA and EVIEWS.
Credits
4
Instructor
Hernandez Castillo Carlos
Credits
0
The students of the Program of Economics for Undergraduates will have their first contact with the quantitative methods in economic sciences. They will be introduced to fundamental concepts of precalculus and calculus (Equations, limits, exponential functions, derivates, integrals, matrixes, linear equation systems, two-variable optimization problems, restricted optimization, among others).
Credits
5
Instructor
Alape Ospina Carlos
The course presents the fundamentals of the classical and neoclassical international trade theories, as well as the groundings of the so-called new international trade theories. The course deals with the predictive capacity of such theories and their political implications, and the context of trade policies recently applied in Colombian and the world.
Credits
3
The monetary economics is concerned with the relation among actual variables, such as gross domestic product, employment and unemployment, actual interest rate, current account and actual exchange rate, and nominal variables as inflation, nominal interest rates, exchange rate and money supply. This course is targeted to familiarize the student with the theoretical discussion and challenges of economic policy associated with monetary economics.
Credits
3
This course is intended to introduce students to the arguments around the State´s active role in market economy and the tools needed for its analysis. In this regard, the class will study models about the multiple ways of State-market interaction and the social decision-making mechanisms. Finally, the student is expected to gain an insight into the Colombian public sector organization and its decision-making mechanisms and today´s main problems.
Credits
3
In this course, the student is expected to define the subject matter priorities to be studied during the semester. Students will be asked to work in groups, choose a topic of economic policy background, search for relevant literature, make a diagnosis of the problem and analyze the possible policies. Based on this analysis, they will be asked also to propose specific measures of policy, explain the expected results and defend the analysis and conclusions in a peer-to-peer debate. In addition, they are expected to criticize the alternatives set out by the counterpart during the course of debates. Finally, the students shall have to write a report on their understanding of the topic.
Credits
3
This course emphasizes on the Colombian economic history by using the instrumental of economic theory. The program will use quantitative information to describe historical facts. The course is focused mainly in the pre-Columbian history, the colonial period, the 19th century and the main processes of the 20th century.
Credits
3
Today´s economic analysis (neoclassical theory) takes the neo-Walrasian model of General Market Equilibrium as analytical reference. The course seeks to explain clearly that the history of economic analysis is linked to debates and disagreements about the great questions of society and economics. Therefore, emphasis is given to identifying the approaches and differences that have shocked the development of the most scientifically pretentious theory. Lastly, the course is targeted to demonstrate that the history of economic analysis is not an erudite speech on dead theories but rather a part of the conditions for economic science progress.
Credits
3
Instructor
Matallana Hernando
This seminar is targeted to build a venue to monitor the individual research process of each student. The student will prepare the memoirs of graduation during the course of an academic semester. In the previous semester, the students shall define their question for the Graduation Memoirs, find a counselor and submit the proposal for approval by the School Council.
Credits
4
Instructor
Peña Parga Ximena
How to explain that nowadays Venezuela has a per capita income (in purchasing power parity) lower than the PCI of 40 years ago, while in the same period Colombia has doubled it and Ireland increased it by 4? Conventional explanations resorted to macroeconomics in order to find answers. Nevertheless, answers might be found in microeconomics. This course analyzes the microeconomic mechanisms that hinder development. It goes beyond the scope of traditional answers in terms of human capital and institutions. Part of the course is focused on the analysis of asset markets and the factors and policies that hamper or encourage competition. The role of international trade, international agreements and the relation between globalization and development are also analyzed.
Credits
3
The course seeks to introduce the student to the analysis of the economic situation by using elements of the economic theory, history and finance. Therefore, the classes lectured by the professor assigned to this Seminar will be complemented with lectures by invited speakers, who will present on-going research works relevant to the situation faced. Students shall read the recommended literature in order to be prepared for the conferences. Moreover, students shall present an original research work in the last sessions of the Seminar.
Credits
3
The objective of the course is to introduce students to the theoretical discussion about social economics, and to the critical valuation of its application in the design and execution of public policies and programs in Colombia. Thereby, the course will approach social development concepts, human development, equity, public affairs, collective action, social capital and institutions. It is also intended to develop the ability to appraise the reality of Colombian development programs.
Credits
3
This course is targeted to categorize the main existing financial instruments, their valuation and involved markets and analyze the way these instruments are used to create portfolios and diversify risks. It presents an introduction to the regulations concerning financial assets valuation in Colombia. The student will analyze and discuss about different types of financial instruments and their trading markets, risk management in light of the instruments and markets surveyed to make investment decisions or set out optimal short and long-term hedges, and the main issues related to financial regulations in Colombia.
Credits
3
The professor will begin this course by delivering presentations about financial regulation issues (theoretical fundamentals and instruments), regulation and financial crisis and financial crisis in Colombia. In addition, students prepare, with the professor´s guidance, a research work where the financial regulation problems are identified and assessed. Student will also have to make group presentations about specific topics related to financial regulation in Colombia, by construing literature and relevant models, international experiences and Colombia´s recent experience, as well as regulation options.
Credits
3
This course is targeted to introduce students to the fundamentals of the industrial organization theory, exploring its predictive capacity and its implications for economic policy and contextualizing the industrial policies enforced in Colombia and the world over the last years.
Credits
3
This course strives to give the student an insight into both the monetary production economy and the theoretical concept of capitalism. It also pursuits to understand the scope and limits of the various proposals to a theoretical grounding of capitalism within such understanding, aiming at recognizing the historical determination of economic knowledge and take critical ownership of the ways of thinking typical of economy as quantitative social science.
Credits
3
Economy of culture consists of the application of the economic analysis to the artistic creation field (plastic arts), stage arts (dance and theater), heritage (monuments, museums) and cultural industries (movies, television, music, architecture, advertising), both in the public and the private sectors. The above refers to the economic organization of the cultural sector and the behavior of producers, consumers and governments in such sector. Through theory and its applications, students will discover that the cultural sector has its own dynamics and will become familiar with the instruments used by policymakers and market participants, and will notice the limitations of such tools. Among the main subjects to address each week, we may include: 1) Analysis from the public intervention culture economy in arts and heritage: economy of well-being, information problems, subsidies, regulation. 2) Demand studies: preference formation, contingent valuation theory. 3) Supply: the effect of subsidies in the supply. 4) Economy of the stage arts sector: Baumol costs disease. 5) Economy of museums and monuments. 6) International comparison of cultural provision and public finances. 7) Operation of markets in the cultural world 8) Economic history of stage arts. 9) Empiric studies of demand and audiences. 10) Cost studies in the artistic and heritage organizations. 12) Studies on labor market of artists.
Credits
3
By understanding poverty as a set of exclusions, this seminar travels through theories, strategies and models that confront to generate social and economic development. Theoretical models are studied along with practical proposals put forward to overcome poverty in some regions and communities in Colombia and Latin America. This course seeks to generate a space for discussion framed in what is currently happening. Study also concentrates in the theory and methodologies behind local development and inclusive businesses, to let students know about concrete cases and to indicate them which were the main actors involved in these processes in Colombia and Latin America.
Credits
3
Credits
3
Instructor
Rendon Gamboa Jairo Andres
Credits
3
Credits
3
Instructor
Mendieta Lopez Juan
Credits
3
Credits
3
Credits
3
Credits
3
Credits
3
Credits
3
Instructor
Echavarría Juan José
Notes
Se invitarán expositores y comentaristas cada quince días. Además, grupos de
estudiantes (máximo 4 personas) escribirán un documento estilo COMPES, en una de
las áreas de trabajo propuestas. Se entregarán dos avances preliminares del trabajo y la
versión final. Los diferentes grupos también presentarán material de lectura en el área
de trabajo escogida.
Se indican a continuación las áreas de trabajo propuestas en discusión con los
estudiantes:
Café
Política Agrícola
Justicia e Instituciones
Violencia y Reparación de Víctimas
Pobreza e Inclusión Social
Salud y Educación
Infraestructura
Seguridad Urbana y Rural
Un Plan de Desarrollo para los Próximos Cuatro Años
Apertura Económica, Política Sectorial y Política Comercial
Cultura, Zonas de Reservas y las Negociaciones de Paz
Otros temas posibles
La Minería y el Actual Modelo de Desarrollo
Posibles reformas a la estructura tributaria
Posibles reformas al sistema pensional
Credits
3
Credits
3
Credits
3
Credits
3
Objetivos de la materia
To provide students with insights into some of the key issues affecting the economic
development of countries;
To stimulate students to study, present and debate their own ideas and analyses of these
issues.
To widen students’ perceptions of the world and of the applicability of economic
science and to motivate them to retain that perception.
To provide the opportunity for students to build on knowledge and key skills acquired
in earlier years
Credits
3
Prerequisites
Microeconomía 3, Macroeconomía 3, Econometría 1, Requisito Lectura en inglés
Instructor
Cleaver Antony
Credits
3
Credits
0
The Practice is aimed at undergraduate students and might be carried out in any type of company or private or public institution at local, regional, national, and international levels, previously registered in the Centro de Trajectories Professional (CTP). The purpose of the practice is preparatory, it is conceived as a complement to the students´ academic learning, and thereby, it is recognized with academic credits. The 6-credit practice corresponds to a full-time practice, no other simultaneous courses are allowed.
Credits
6
The Practice is aimed at undergraduate students and might be carried out in any type of company or private or public institution at local, regional, national, and international levels, previously registered in the Centro de Trajectories Professional (CTP). The purpose of the practice is preparatory, it is conceived as a complement to the students´ academic learning, and thereby, it is recognized with academic credits. The 3-credit practice corresponds to a part-time practice, other subjects could be enrolled during the regular semester or inter-semestral period.
Credits
3
Credits
4
Credits
0
Credits
4
Credits
0
The student may choose between ECON4212 or ECON4213. The following course is given in the first semester of each year ECON4213 and ECON4212 is given in the second semester. Most topics presented are mainly (although not exclusively) focused on economic-cycle related issues. The first part of the course deals with the unemployment theory, natural unemployment rate, dilemma between inflation and economic activities, inflation and disinflation costs, target inflation schemes, monetary rules, delegation and reputation of central banks, as well as some interesting topics of today’s economic circumstance, as deflation and liquidity tramps, monetary policy and globalization, optimal accumulation of international reserves and costs and benefits of the monetary unions and the dollarization. The second part of the course is devoted to studying the basic elements of dynamic macroeconomics. The main objective is to make students understand the numerical theory and methods to write simple computer programs (MATLAB) and use them to solve quantitative questions concerning macroeconomics, public finances, money, growth, labor market, etc., within the framework of general dynamic equilibrium. The driving theory to be followed is that of the 1985 Novel Price Winner in Economics, Robert Lucas: "One of the functions of the theoretical theory is to provide artificial economic systems that may serve as laboratories in which different policies – otherwise very difficult to assess in the real world – and be tested at lower costs " (Lucas, 1980, p. 696).
Credits
3
This course addresses long-term macroeconomics emphasized on micro-based models of inter-temporal choice. The course intends to analyze the main available empirical evidence related to the theories discussed. The course is divided into two sections. The first section deals with the consumption theories, especially the permanent income theory and the basic theory of inter-temporal choices, the classical theory of capital accumulation and the investment theory that integrates fixed costs and intermittent investment. Besides, the class will study the labor market, creation and destruction of work and the main sources of economic friction in the market adjustment. The first section ends with the study of efficiency in the allocation of resources and the growth of added productivity and also focuses on topics as the breakdown of productivity growth, factor adjustment and market choices. The second section of the course addresses the most recent and important contributions to the economic growth theory. This section is also concerned with the neoclassical model of growth (with and without dynamic optimization), the first endogenous growth models based on constant yields of the accumulable factor, apart from endogenous growth models based on the quality increase of intermediate goods, human capital formation, and those based upon technological innovations. The last section of the course presents some recent developments in the long-term economic growth theory focused on topics as income distribution, human capital formation, demographic transition and industrial revolution.
Credits
4
Credits
0
This course elaborates on econometric topics: time series models, econometric management with non-stationary variables, stationarity and co-integration, vector autoregressive models, and system co-integration. This course is complemented with a weekly workshop in which the theoretical concepts studied in the master class will be applied. Students will conduct econometric estimations by handling databases in statistical packages. ECON4310 Advanced Econometrics is the code for the students of the Coterminal Plan.
Credits
4
Instructor
Bernal Raquel
Credits
0
Summer School Course. Areas of Emphasis: History, Theory and Economic Thought - Public Policies - Macroeconomy. The main topic of this course is the analysis of factors that determine the economic and political development of Latin America in the long term. The course explains in detail the differences between determining development factors among countries, as well as the relevant changes inside such countries that may have led to a specific form of development. After analyzing various hypotheses regarding determining development factors, the course will focus on the study of the political economy of institutions.
Credits
3
Credits
3
Instructor
Robinson James
Credits
4
Instructor
Tovar Jorge
In this course the student should finish his/her dissertation only counting on the tutor´s collaboration. When this process is finished and with the tutor´s approval, the student shall defend the Publishable Paper before a jury appointed by the School Council.
Credits
3
Instructor
Maldonado Ardila Ana
The purpose of this course is to introduce undergraduate and graduate students of the Economy School or from similar professions to the use of historical sources to rebuild databases and analyze phenomena pertaining to the economic, social and cultural situation of the Colombian and Latin American history between the XVI and XIX centuries. Students may select research objects based on production units or on the accounts of the Royal Treasury or the National Treasury (XIX Century) to rebuild, at local, regional or national level, in the light of tax values, internal markets, import and export operations, public administration salaries, metal remittances, nature of tobacco monopolies, card games or aguardiente, among others. They may also opt to rebuild problems related to property, population, internal and external debt, economic costs of the Independence War and the civil wars of the XIX Century, social indicators or agriculture production trends or other basic sectors of regional economies.
Credits
3
Instructor
Tovar Pinzon Hermes
Credits
3
Instructor
Mejia Londoño Daniel
Credits
3
Instructor
Nupia Oscar
Credits
4
Instructor
Jara Pinzon Diego
Credits
4
Instructor
Cardenas Juan
Credits
4
Credits
4
Credits
4
Credits
4
Credits
4
Credits
4
Credits
3
Instructor
Maldonado Jorge
Credits
2
Instructor
Maldonado Ardila Ana
Credits
0
An aggregate offer and demand model: the Classical Approach and the Keynesian Approach, the role of savings. Macroeconomics of demand: determining consumption and savings. The public sector. The monetary economy: money offer and demand. The Economy of Offer: the labor market. Aggregate offer and demand in the short and medium terms.
Credits
3
Instructor
Maldonado Ardila Ana
Credits
4
Credits
0
The fundamental objective of modern macroeconomics is to provide quantitative responses to economic questions. The decisions of the different agents involved in an economy (families, firms, unions, countries, governments, central banks) are derived from uncertainty conditions and affect the future. The first part of the course studies theories of unemployment, natural unemployment rate, dilemma between inflation and economic activity, inflation and deflation costs, target inflation schemes, currency rules, Central Bank delegation and reputation, and some topics of interest in the current economic situation, such as deflation and liquidity trap, currency and globalization policy, optimum accumulation of international reserves and costs, and benefits of currency and dollarization. The second part of the course is aimed at studying the basic elements of dynamic macroeconomics. The fundamental objective is to help students understand the theory and numeric methods needed to write simple computer programs (MATLAB) and use them in the solution of quantitative questions in macro, public finances, currency, growth, work market, etc., all within a general dynamic balance framework. We will follow the path established by the 1985 Economy Nobel Robert Lucas: " One of the theoretical economy functions is to provide people with artificial economic systems that may be used as labs, where the different policies - that would otherwise be very expensive to evaluate in the real world – could be tested at a very low cost " (Lucas, 1980, p. 696).
Credits
3
Instructor
Fernandez Andres
This course approaches macroeconomics topics important to understand the long term, focusing on micro-based models of inter-temporal choices. The course presents both the basic theoretical elements and the related empirical evidence. It is divided into two sections. The first one analyzes the recent and most relevant contributions to the economic growth theory and studies the neoclassical growth model and the first endogenous growth models. The last part of the course is devoted to presenting some recent breakthroughs in the long-term economic growth theory focused on subjects as income distribution, human capital formation, demographic transition and industrial revolution.
Credits
4
Instructor
Mejia Londoño Daniel
Credits
0
This course has two main objectives. The first one is to review the basic mathematical statistics elements and the second one is to discuss statistical inference problems and methods, as presented in econometrics. The pre-requisites of this course include probability and statistics at undergraduate level, and linear calculus and algebra at a level equivalent to that covered in the mathematical methods course of the first year of the doctoral program. Some topics corresponding to the mathematical statistics part include: probability theory, random variables, joint distributions, expectations, special distributions and convergence concepts and limit theorems. Subjects corresponding to statistics inference include estimation and hypothesis tests.
Credits
3
Instructor
Martinez Collantes Jorge
The course is intended to introduce the students to the cutting-edge econometric techniques for microeconomic and macroeconomic data management. The first section of the course focuses on the study of econometric methods for micro data, and refers to its application to the areas of labor economics, industrial organization, household and health economics, and economic development. The second section of the course deals with the econometric methods for time series used in microeconomic applied research and raises the kind of questions that macroeconomics may help to respond, as well as the appropriate techniques, specific problems of this type of data and the solutions proposed to solve these problems.
Credits
4
Instructor
Bernal Raquel
Credits
0
Credits
3
Instructor
Maldonado Ardila Ana
Research seminar that seeks to contribute to the doctoral student education process as researcher by formulating and developing research projects in the area of study selected, with the ultimate purpose of conducting the doctoral thesis. The sequence of the
ECON-6401 and
ECON-6402 research seminars during the second year of doctoral studies must end with the preparation of a first academic article and its presentation in a public seminar of CEDE at the end of such year. This research work is expected to be part of the doctoral thesis.
Credits
3
Instructor
Bernal Raquel
Credits
4
The research seminar intends to contribute to the Doctorate student’s education process as researcher through the statement and development of research projects in the chosen concentration area and its ultimate goal is the preparation of the doctoral thesis. The sequence of the research seminars
ECON-6401 and
ECON-6402, during the second year of doctoral studies, must conclude by preparing an academic paper to be presented in a CEDE public seminar at the end of that same year. Such research study is expected to be included in the doctoral thesis.
Credits
3
Credits
0
Credits
8
Credits
8
Credits
8
Credits
8
Credits
1
Credits
1
Credits
1
Credits
0
Credits
0