Topics on some frontier issues in economic theory. Macroeconomics: optimal fiscal and monetary policy, time inconsistency and incentive incompatibility of optimal policy, real business cycle models, etc; Microeconomics: bounded rationality and complexity, evolution and learning, advanced game theory, etc; Papers on current topics of research in economic theory, mathematical economics.

CILO-1: Summarize and evaluate economic models and theories, including their assumptions and implications. CILO-2: Locate, paraphrase, and evaluate arguments in academic papers in economics theory. CILO-3: Apply mathematical and analytical tools to the real-world economic problems and policy issues.