The following graduate level courses at the Levy Economics Institute are open to qualified undergraduate economics students with permission of the instructor.

Course:	ECON 501 Advanced Microeconomics: Value, Distribution, and Economic Well Being
Professor:	Ajit Zacharias
CRN:	90515	Schedule:	Tue 9:30 AM - 12:50 PM Blithewood - Levy Institute SEM
Distributional Area:		Class cap	15
Credits:	4

This course provides an exposition of the analytical foundations of the classical ("surplus") and neoclassical ("marginalist") traditions in the theory of value and distribution. Given its dominance in contemporary economics, the latter tradition is emphasized in this course. The historical development of the marginalist theory of value is considered, as are critiques that focus on issues regarding its internal coherence and methodological difficulties. The remainder of the course examines the measurement of economic well-being and deprivation, including the substantive issues related to the determinants of the standard of living. Topics include Lorenz curves, social welfare functions, inequality indices, and poverty indices.

Course:	ECON 502 Advanced Macroeconomics
Professor:	L. Randall Wray
CRN:	90516	Schedule:	Tue 1:30 PM - 4:50 PM Blithewood - Levy Institute SEM
Distributional Area:		Class cap	15
Credits:	4

The primary objective of macroeconomic analysis is to explain the phenomena of aggregate movements in output, employment, and the price level. This course examines the intellectual influences that have shaped the development of macroeconomic theory and policy since the beginning of the 20th century. Students acquire the skills needed to: 1) identify the main theoretical and methodological differences among competing approaches; 2) discuss the empirical evidence supporting each approach; and 3) explain why particular policy instruments are considered appropriate (or inappropriate) for achieving macroeconomic stability. Prerequisite: Intermediate Macro.

Course:	ECON 511 History of Economic Thought
Professor:	Dimitri Papadimitriou
CRN:	90517	Schedule:	Wed 9:30 AM - 12:50 PM Blithewood - Levy Institute
Distributional Area:		Class cap	15
Credits:	4

The focus of this course is an examination of the “contest” between classical political economy and neoclassical theory in the context of their respective historical developments. Following an investigation into the origins and development of classical theory through Ricardo, we shall turn to the neoclassical challenge with emphasis on Jeremy Bentham and Jean Baptiste Say. The post-Ricardian reaction of the 1820—1850 period will be given significant attention, followed by an examination of the “marginalist revolution” of the 1870’s. Twentieth century advances will be surveyed, and the work of Keynes and the post-WWII period will be given close scrutiny. In all this, relationships between earlier theory and current debates/controversies will be highlighted.

Course:	ECON 517 Economic Inequality
Professor:	Thomas Masterson
CRN:	90520	Schedule:	Thurs 1:30 PM - 4:50 PM Blithewood - Levy Institute
Distributional Area:		Class cap	15
Credits:	4

This course covers the various theoretical and empirical approaches to the measurement of economic well-being, poverty, and inequality, both in the United States, as well as more globally, touching on the most recent debates about poverty measurement and comparisons across countries, as well as measures developed at the Levy Institute. It considers characteristics of the distribution of income, consumption, and wealth, and their relative usefulness in terms of assessing the inequality of economic well-being and studies the disparate experiences of poverty and inequality by race and gender both within and across global regions. In addition, the course examines the impact of economic structures, policy, and development on poverty and inequality. Both mainstream and heterodox theoretical approaches to explaining poverty and inequality will be covered.

Course:	ECON 520 Gender in Macroeconomic Theory and Policy
Professor:	Luiza Nassif Pires
CRN:	90521	Schedule:	Thurs 9:30 AM - 12:50 PM Blithewood - Levy Institute
Distributional Area:		Class cap	15
Credits:	4

The main objective of this class is to reclaim the study of macroeconomic theory and policy from the perspective of gender. The course will start with a discussion of the gendered impacts of development initiated in the 1970s, which catalyzed policy and theory considerations deepened in the mid 1990’s. The course will be divided in four parts. The first part will introduce students to foundational feminist economics questions and the theoretical aspects of feminist macroeconomics. We will trace historically the evolution of the subfield of gender macroeconomics and present its main critiques to economic theory. The second part of the course will focus on gender discussions pertinent to macroeconomy policy. We will start this modulus by presenting the gender bias in monetary and fiscal policy in a closed economy and move towards open economy discussions with a focus on trade and exchange rate. In the third part of the course we will examine growth and distribution and provide a survey of gender sensitive macroeconomic modeling tools. The final part of the course will discuss current issues and the impact of neoliberal policies and contemporary crises, with a focus on the coronavirus crisis, on women across the globe. During this final part we will also look at gender aspects of current progressive policy proposals. The main questions that this course will answer are: How does gender inequality impact the economy? What are the strengths and limitations of different macroeconomic frameworks in accessing the impact of gender disparities in the economy? How are the impacts of gender policies being implemented across the globe calculated? What are the problems with such policies? Would progressive macroeconomic policies help foster a more gender equal economy? Would then a more gender equal economy have positive effects in the aggregate? And what are the characteristics of a gender sensitive macroeconomic research?