Economics Commons^™

Mathematical Methods For Economics And Business Syllabus, Marian Melnyk

Open Educational Resources

This syllabus outlines an online asynchronous course introducing essential mathematical tools and techniques in economics. It spans 24 sessions covering Functions, Differentiation, Limits, Integration, and Multivariable Functions, grounded in college algebra and calculus. The course utilizes Open Educational Resources (OER) for all materials, available in text and video formats on Blackboard. Continuous assessment, including quizzes, homework, two 1-hour tests, and a final exam, ensures consistent progress. Weekly online office hours provide additional support. The primary objective is to equip students with the mathematical skills necessary for economic analysis and problem-solving.

Eco 12 Macroeconomics Syllabus, Karen David Prof.

Open Educational Resources

This the syllabus for the RECO 12 Macroeconomics course taught by Prof. David. It is a ZTC course using an OpenStax OER textbook revised by the professor.

Open Syllabus, Dorina Tila

Open Educational Resources

This is an open syllabus for Principles of Macroeconomics course.

Three Essays Applying Dynamic Models In Economics, Finance, And Machine Learning, Lucas C. Dowiak

Dissertations, Theses, and Capstone Projects

This dissertation is a composition in three parts. Collectively, these essays investigate dynamic methods and their application in the fields of Economics, Finance, and Machine Learning. It pulls liberally from all three. In particular, this dissertation makes repeated use of multi-state modeling frameworks popular in Economics to bring a faceted view to the underlying data and detect its hidden heterogeneity. The challenge of modeling financial assets and estimating their dependence is another focus. For stimulus, concepts in the Machine Learning field are brought in to aid or compete with established econometric techniques.

Econometric Applications of the Hierarchical Mixture-of-Experts

In this …

Turning Movements Into Markets: How Corporations Co-Opt Cultural Values For Profit, Anthony J. Capote

Dissertations, Theses, and Capstone Projects

In this dissertation, I explore how corporations engage in values-based marketing in the 21^st Century. It is hardly a new phenomenon for corporate advertising to co-opt popular cultural values and trends. With the rise of platform capitalism — under which digital platforms generate wealth by cultivating our online data and resell it to advertisers — as well as the political and social context of the Trump Administration, however, major corporations have entered a new phase in the marketing framework that aims to attract consumers based specifically on their cultural and political values. Using a mixed methods approach I explore …

Essays On Monopoly Power In Housing Rental Markets, Goncalo Filipe Pessa Figueiredo Costa

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters on market power in housing rental markets. It introduces the concept of dynamic monopoly power in housing rental markets, develops methods to estimate that form of market power, and uses its analytical lense over the New York City (NYC) housing rental market.

In the first chapter, I formulate a search model in which market frictions give landlords rent-setting (dynamic monopoly) power. This model incorporates search frictions in the spirit of Manning’s (2003) monopsonistic labor market framework. In this setting, the demand faced by individual landlords (i.e., residual demand) results from an equilibrium between tenants’ …

Heterogenous Household Expectations, Consumption Choices And Trust, Justine Guillochon

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that study household consumption choices over the business cycle, the formation of household expectations and the trust of households in the monetary policy institutions.

Chapter 1: Using scanner data and product-level information, this chapter documents the trend and the cyclicality of the processing level of market-purchased household food consumption over the period 2007 to 2020 in the United States. I unveil a strategy, the processing effort, that households exploit to reduce the price of their basket. This strategy consists in altering their basket composition at business cycle frequencies to purchase less processed foods for …

Essays In Applied Microeconomics, Ege Aksu

Dissertations, Theses, and Capstone Projects

This dissertation consists of two chapters that investigate the effect of public health policies on health outcomes.

The first chapter evaluates the impact of the extensive health care reforms enacted between 2003–2013 under the Health Transformation Program (HTP) in Turkey on maternal and infant health outcomes for the poor. By focusing on a specific insurance program (Green Card) expansion that was a part of HTP, I explore changes in infant survival, fertility, and children’s vaccination status. Before 2004, all public health insurance beneficiaries (the control group) were covered for outpatient services, including prenatal and postnatal doctor visits, gestational diabetes screenings, …

Essays On Empirical Economics, Dorian Abreu

Dissertations, Theses, and Capstone Projects

CHAPTER 1: HIGH FREQUENCY TRADING AND MARKET LIQUIDITY

This paper provides evidence of the impact of High Frequency Trading (HFT) on liquidity. I use data from the NASDAQ OMX that identifies the trades of 26 HFT firms on 120 randomly selected stocks listed on the NASDAQ. I find that HFT improves overall market liquidity. However, the liquidity improvements come at the expense of the non high frequency traders. Results indicate that trades in which the HFT supply liquidity to non HFTs have a significantly wider spreads. This impact is larger for smaller cap stocks. Additionally, price impacts are largest when …

Black Food Geographies And The Politics Of Resistance In The Brick City. An Intersectional Analysis Of Black Food Provisioning Practices, Food Access, And Racial Food Inequities In Newark, New Jersey From 1666 – 2020, Angelika Winner

Dissertations, Theses, and Capstone Projects

This work studied Black food geographies in Newark, NJ, which represent alternative food provisioning practices and strategies working within but also parallel to traditional food geographies and exist within and despite of foodscapes of domination. Black food geographies not only include the spatial agency of Black residents but also entail the structural intersectionality and organized abandonment that Black residents currently experience as well as their historical production. Thus, food access of Newark’s Black resident was analyzed with a three-pronged mixed methods research design, a supply-centered analysis from a Positivistic perspective, a political economy-centered historical analysis from a Marxist perspective, and …

Empirical Essays On Retail Investors, Institutional Investors, And Anomalies, Yuqing Yang

Dissertations, Theses, and Capstone Projects

This dissertation consists of five chapters on market efficiencies through retail and international mutual fund investors.

Chapter 1 This chapter briefly introduces this dissertation.

Chapter 2 This chapter Anomalies Never Disappeared: The Case of Stubborn Retail Investors delves into the “stubborn” retail investors and finds that anomalies traded against by retail investors never disappear in the long run, defying the conventional wisdom that anomalies are disappearing in recent years as market efficiency improves. Incorporating retail trading, I develop asset pricing models that surpass existing prominent models in explaining these long-run alphas. I hypothesize that retail investors exacerbate anomalies: the more …

We Cannot Labor Our Way Out Of Oppression: An Exploratory Study Of Wealth Through Black Women’S Lived Experience, Tiffany N. Younger

Dissertations, Theses, and Capstone Projects

An exploratory qualitative phenomenological study was used to explore Black women’s experiences with wealth accumulation. The aims of this study were to better understand how Black women navigate financial obligations as heads of households and the impact of the wealth gap on their lives. The research on the wealth gap, informed by U.S. values and culture, has assumed the accumulation of wealth is the baseline/default goal or aspiration for all individuals. More specifically the subaims of this study sought to examine the extent to which the structural, interpersonal, disciplinary, and hegemony impacts Black women’s wealth status. Furthermore, this study sought …

Essays On Cryptocurrency Assets, Minwoo Song

Dissertations, Theses, and Capstone Projects

Chapter 1 - Herd Instinct in the Digital Currency Markets: In this chapter, We establish that the actions of influential opinion leaders in the digital currency markets and potential investors following their lead drive abnormal cryptocurrency returns. We develop a psychological and behavioral factor, named the herd behavior index, that detects the herd instinct of the investors in cryptocurrency markets and captures anomalies in cryptocurrency returns. Our finding shows that the herd behavior index can explain the variation in cryptocurrency returns. Moreover, there exists a time-series relationship between abnormal returns and the investors’ herd instinct, and the herd behavior index …

Adverse Selection In Online Auctions: A Study Of Ebay Motors, Ilanith Nizard

Theses and Dissertations

This study provides evidence of adverse selection by examining the disparity in the value of a photo between dealer sellers and non-dealer sellers in online used-car auctions. It examines the impact of photos on three outcomes in auctions of auto- mobiles: bid prices, the number of bidders, and the probability of a trade. To do so, it uses non-linear regression models and data from 80,000 completed used-car auctions on eBay Motors from March to October 2006. The results show that an additional photo will increase all three of the outcome variables and more so for non-dealers than for dealers. The …

The Effects Of Pre-Abortion Restrictions On Women's Well-Being, Reesa Sooklall

Theses and Dissertations

Eleven states require women seeking abortions to undergo mandated ultrasounds prior to the procedure while twenty-four states require women to wait either 24, 48 or 72 hours between receiving state mandated counseling and the procedure. I examine the effects of abortion restrictions on health behaviors and health care of women. I apply staggered difference-in-differences to the Behavioral Risk Factor Surveillance System data to estimate the causal effects of the two-trip mandatory waiting period (MWP) law and mandatory ultrasounds (MUS) law on women’s mental health, use of alcohol and tobacco, and whether women are obtaining routine mammograms and pap smears. The …

Impact Of Exposure To Coal Plants On Birth Weight: Evidence From India Coal Plant Capacity, Deborah Nakkungu

Theses and Dissertations

Air pollution in developing nations presents a significant health threat; India's reliance on coal to meet increasing electricity demands and the non-compliance of coal plants with emission regulations worsen air pollution, resulting in considerable health risks. In this paper, I estimate the effect of exposure to coal plants on birth weight using data from the 2019-21 Demographic Health Survey (DHS) and the Central Electricity Authority's data on coal plants in India. A linear regression controls for confounding factors, including village and birth cohort effects, as well as birth and household variables. I find that an additional gigawatt (GW) increase in …

The Impact Of Sexual Orientation And Sexual Behavior On Wages, Curtis Lowe

Theses and Dissertations

On General Social Survey data from 2008–2018, I estimate the impact of sexual orientation on wages by addressing mismeasurement in sexual orientation that causes the estimates to attenuate towards zero. I use interval regression to estimate wages on reported sexual orientation. I then identify consistent reports of sexual orientation and sexual behavior to estimate wage gaps between individuals whose reported sexual orientation is consistent with their behavior. Removing inconsistent reports reduces the amount of attenuation that biases the estimates. Interacting sexual orientation and sexual behavior improves the wage gap estimates slightly and increases the value in absolute terms, suggesting that …

Effects Of The Automatic Enrollment Provision Of The Pension Protection Act Of 2006 On Labor Market Outcomes Of Older Americans, Yannis Giannoulakis

Theses and Dissertations

The objective of the Pension Protection Act of 2006 is to protect pension plans, reinforce individual savings and prepare Americans for retirement. A provision of the act strengthens the 1998-2000 IRS ruling that allows firms to automatically enroll their employees in 401(k) plans by superseding state written permission requirements. Prior to the Pension Protection Act of 2006, several states required written permission from employees to authorize wage deductions and 401(k) enrollments. Single-event difference-in-difference regressions estimate the effects of the Pension Protection Act of 2006’s auto-enrollment provision on labor market outcomes in states that had written permission requirements in the years …

Exploring The Comparability Between Eq-5d And The Eq Health And Wellbeing In The General Australian Population, Peter Lee, Lidia Engel, Erica I. Lubetkin, Lan Gao

Publications and Research

Objectives

Methods

Essays In Macroeconomics And Finance, Archil Dvalishvili

Dissertations, Theses, and Capstone Projects

Chapter 1: (A Quantitative Analysis of Interest on Reserves and Reserve Requirements) - I construct a medium scale DSGE model with financial frictions both on the demand (entrepreneurs) and supply (banks) sides of credit to study the costs and benefits of fixed/time-varying minimum reserve requirements and interest paid by the Fed on reserves.The results can be summarized as follows: (1) An optimal time-varying minimum reserve requirement generates substantial welfare gain when compared with a fixed minimum reserve requirement when no interest is paid on reserves. (2) Paying interest on reserves is substantially welfare inferior to a policy with no interest …

Containerization Of Seafarers In The International Shipping Industry: Contemporary Seamanship, Maritime Social Infrastructures, And Mobility Politics Of Global Logistics, Liang Wu

Dissertations, Theses, and Capstone Projects

This dissertation discusses the mobility politics of container shipping and argues that technological development, political-economic order, and social infrastructure co-produce one another. Containerization, the use of standardized containers to carry cargo across modes of transportation that is said to have revolutionized and globalized international trade since the late 1950s, has served to expand and extend the power of international coalitions of states and corporations to control the movements of commodities (shipments) and labor (seafarers). The advent and development of containerization was driven by a sociotechnical imaginary and international social contract of seamless shipping and cargo flows. In practice, this liberal, …

Border Confinement And Assistance Markets In Tijuana: Mexican Deportees’ Experiences Of Labor And Violence Between Mexico And The United States, Christian Pacheco-Gómez

Dissertations, Theses, and Capstone Projects

This dissertation is an ethnography of deportation and describes how Tijuana’s (Baja California, Mexico) border redevelopment and spatial redesign has impacted in Mexican job seekers’ mobilities, incorporation, and stigmatization after experiencing forced removals from the United States. The dissertation explores three processes interwoven in the deportees’ class experiences of migration and deportation.

First, I trace Mexican job seekers’ trajectories of labor and migratory movement before, during, and after deportation as well as their incorporation stories in Tijuana. Second, I reconstruct the political economy of reception immigrant subjects encounter after being deported from the United States and subjected by Tijuana’s border …

No Ela Without Ella: Understanding The Naming And Crafting Of Gendered Subjectivities In Puerto Rico, Carmín Quijano Seda

Dissertations, Theses, and Capstone Projects

At the beginning of the 20th century, the official metadiscourses about gendered job titles sedimented the idea that names or indexes pointing to women should be interpreted as unskilled, cheap, or even free labor in Puerto Rico (Azize, 1985; Muñiz Mas, 1998; Baerga-Santini, 1999). For this reason, Puerto Rican women organized and fought for equality in work settings. Furthermore, they became more active in politics and the government. Nevertheless, the Estado Libre Asociado (ELA) and local media discourses and interpretations about women’s labor discouraged them from participating in more senior positions (Acevedo Gaud, 2012).

However, this interpretation seemed to have …

Essays On Real Estate, Flood Risk, And Political Sentiment, John P. Orellana

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that investigate how climate change, flood risk, and political sentiment influence outcomes in housing markets.

Chapter 1: This chapter offers a brief review and discussion of several recent and seminal papers at the intersection of flood risk, climate change, and real estate, as well as a critique on some of the literature on the effects of sea-level rise on housing outcomes.

Chapter 2: FEMA flood maps serve two functions: they signal risk to homeowners and mandate insurance take-up. How these information and risk transfer mechanisms affect homeowner relocation decisions remains unknown. Combining real estate …

A Pearl Ravaged: The Paradox Of Haiti And Its Socioeconomic Origins, Isabel Ishibe Exel

Dissertations, Theses, and Capstone Projects

Saint-Domingue was once the most profitable colony of the Caribbean, the so-called pearl of the Antilles. Nowadays, Haiti is known for being the poorest country in the Western Hemisphere, a dramatic shift that raises the question of the factors contributing to Haiti's current state, marked by persistent violence, natural disasters, and political instability. Various discourses have framed Haiti as a country doomed for failure. However, relying on binary concepts such as success and failure is counterproductive to a refined analysis. How, then, should we structure this conversation? My ultimate goal for this work is to provide a nuanced analysis of …

Turf War: Interstate Banking And Industry Consolidation, 1965–1998, Erin Cully

Dissertations, Theses, and Capstone Projects

This dissertation examines the advent of interstate banking in America during the second half of the twentieth century. To become the giants they are today, US financial institutions had to overcome, in fits and starts, the political limits on their geographical expansion across municipal, county, state, and national borders—and not always in that order. Faced with new competitors and harsh economic conditions, some bankers set their sights on expanding their markets to stay afloat. Many policymakers and regulators were responsive to this demand, hopeful that it could serve as a catalyst for economic growth. Challenging restrictions on interstate banking meant …

What Does One Billion Dollars Look Like?: Visualizing Extreme Wealth, William Mahoney Luckman

Dissertations, Theses, and Capstone Projects

The word “billion” is a mathematical abstraction related to “big,” but it is difficult to understand the vast difference in value between one million and one billion; even harder to understand the vast difference in purchasing power between one billion dollars, and the average U.S. yearly income. Perhaps most difficult to conceive of is what that purchasing power and huge mass of capital translates to in terms of power. This project blends design, text, facts, and figures into an interactive narrative website that helps the user better understand their position in relation to extreme wealth: https://whatdoesonebilliondollarslooklike.website/

The site incorporates …

Budget Capping Health Care: Its Impact On Health, Susan Chen

Theses and Dissertations

The goal of a budget cap on healthcare is to constrain total healthcare expenditure without compromising quality. This paper examines the impacts of budget capping on health and behavioral health outcomes, exploiting the completed Maryland All-Payer Model and the ongoing, extensional Maryland Total Cost of Care model, both of which capped healthcare budgets in Maryland. I use data from 2011-2021 surveys of the Behavioral Risk Factor Surveillance system and generalized difference-in-difference regression models to find that budget capping improves health and behavioral health outcomes with a greater favorable effect during the Maryland Total Cost of Care model.

Punishment And Resources, Mark D. White

Publications and Research

Philosophers of punishment have paid little attention to resource constraints, which have an undeniable impact on how various approaches to punishment work in the real world. It has fallen on economists, with their central focus on scarcity and opportunity cost, to analyze the resource demands of different philosophies of punishment. However, the utilitarian nature of mainstream economics limits the scope of economic theories of punishment to deterrence, which fits naturally into mathematical economic techniques, as opposed to retributivism, the principled nature of which resists quantification. This chapter explores the resource implications of punishment. It starts by identifying shortcomings of the …

Parents, Paths, And Paychecks: Examining Intergenerational Occupational Mobility And Career Choices, Swapnil Landge

Publications and Research

This paper examines the influence of fathers’ and mothers’ occupations on their children’s occupational outcomes, using a self-selection model to analyze intergenerational career mobility. By constructing and analyzing transition matrices, I estimate the extent of positive and negative self-selection for sons and daughters when they follow either their father’s or mother’s occupation. The results reveal distinct patterns for sons and daughters. Sons who follow their father’s occupation tend to avoid negative self-selection, particularly in higher-paying fields such as Professional Occupations and Technicians and Related Support Occupations, where negative self-selection is minimal. Conversely, sons following their mother’s occupation face higher rates …