Martin A. Asher
Adjunct Professor, Finance
Research Interests: law and economics, antitrust, income distribution, gender and race wage differentials
Links: Personal Website
BEPP399 - Research Seminar in Policy Analysis.
This research seminar is to provide an opportunity for upper level students -- juniors and seniors -- to pursue scholarly research on topics of interest related to public policy. During the first few weeks, faculty members of the Department will present their research, talk about the importance of the topic, why they chose particular research methods, the implications of their findings for public policy. Each professor will provide a set of readings relevant to their presentation. This will be followed by several weeks of student presentations of their proposed research, with the same emphases -- why they chose this topic, how they plan to carry out the research, the types of data that will be drawn upon, etc. During the entire semester students will meet individually with the Professor to discuss specific issues in formulating their research and in carrying out the research. Research papers will be due one week after the end of classes.
FNCE101 - Monetary Economics and the Global Economy
This is an intermediate-level course in macroeconomics and the global economy, including topics in monetary and international economics. The goal is to provide a unified framework for understanding macroeconomic events and policy, which govern the global economic environment of business. The course analyzes the determinants and behavior of employment, production, demand and profits; inflation, interest rates, asset prices, and wages; exchange rates and international flows of goods and assets; including the interaction of the real economy with monetary policy and the financial system. The analysis is applied to current events, both in the US and abroad. During the spring semester there are honors sections of FNCE 101 offered. The seats in the honors sections are awarded through an application process. Please go to https://fnce.wharton.upenn.edu/programs/course-applications/ for additional information.
FNCE103 - Business Economics
The course covers introductory microeconomics and macroeconomics with particular attention given to global and long-run growth issues. The microeconomic portion introduces the discipline and fundamental tools of economics. It proceeds to study the workings of a price system and theories of consumer and firm decision-making. It further analyzes particular market structures characterized by perfect and imperfect competition, reviews the strengths and weaknesses of a market economy, and considers the government's role in correcting market failures and promoting competition. The macroeconomic portion studies the domestic and international forces that govern the determination of the aggregate level of economic activity, and pays particular attention to the determinants of long-run economic growth and stabilization policies used to dampen business cycles. The course concludes with global issues including the determinants of trade, trade policy, capital mobility, international financial instability, and international economic integration and the extent of globalization.
LGST212 - Economic Analysis of Law.
The course is designed to teach students how to think as an economist about legal rules; to evaluate alternative legal rules against standards of economic efficiency and distributive justice; and to understand the nature of the legal process and several specific areas of the law. With the use of alternative texts, both deductive and inductive reasoning will be employed to study the formation and interpretation of legal rules.