Theoretical topics of fluid dynamics relevant to natural phenomena or man-made hazards in water and atmosphere. Basic law of fluid motion. Scaling and approximations. Slow flows, with applications to drag on a particle and mud flow on a slope. Boundary layers: jets and plumes in pure fluids or in porous media. Thermal and buoyancy effects, selective withdrawal and internal waves. Transient boundary layers in impulsive flows or waves. Induced streaming and mass transport. Dispersion in steady flows or in waves. Effects of earth rotation on coastal flows. Wind induced flow in shallow seas. Stratified seas and coastal upwelling.
Surveys research which incorporates psychological evidence into economics. Prospect theory. Biases in probabilistic judgment. Self-control and mental accounting with implications for consumption and savings. Fairness, altruism, and public goods contributions. Financial market anomalies and theories. Impact of markets, learning, and incentives. Some evidence on memory, attention, categorization, and the thinking process.
An introduction to current macroeconomic concerns with particular emphasis on medium-run economic fluctuations, economic crises, and the role of asset markets. Topics include the explanation of high chronic unemployment in some nations, the source of modern liquidity crises, the origin and end of speculative bubbles, and the factors that lead to substantial periods of economic stagnation.
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