This schedule represents the initial intentions of the Economics Department. The Registrar may request that some classes are moved to a different time slot during the room allocation process.
Scarcity and choice; elements of demand and supply, determinants of aggregate output, employment, inflation, growth, and international balance of payments. Prerequisite: basic algebra and graphing.
Scarcity and choice; elements of demand and supply, determinants of aggregate output, employment, inflation, growth, and international balance of payments. Prerequisite: basic algebra and graphing.
Consumers' and producers' influence on structure of output and prices and distribution of income. Social efficiency in resource allocation. Government impact on allocative efficiency and distributive equity. Prerequisite: 201.
Estimation and analysis of a variety of empirical econometric models. Descriptive statistics, univariate regression, multiple regression, simultaneous equations, and forecasting. Prerequisite: 201, 202, MATH 220, STAT 210 or higher level statistics class. All other substitutions (including AP Statistics) must be cleared through the Director of Undergraduate Studies for Economics.
Effects of medical care on health; health insurance, public and private demand for medical care, and the market for medical care; regulation of hospitals and physicians; roles of nonprofit and for-profit organizations; technological change. Pre-requisites: 281, 310-1,2.
Nature of money and bank credit. Development, functions, and operation of monetary standards and credit systems. Banking and credit policies; price levels. Interrelationships of domestic and foreign monetary systems. Prerequisites: 281, 310-1, 311.
Consumer behavior and the theory of demand; production, cost, supply functions; choices under uncertainty, insurance; competitive equilibrium; subsidies, taxes, price controls; monopoly and monopsony. Prerequisites: 201, 202, MATH 220.
Price discrimination and public utility pricing; monopolistic competition, oligopoly, duopoly models; game theory; factor demands; general equilibrium theory and welfare economics; information theory; externalities and public goods. Prerequisite: 310-1.
Macroeconomics and monetary policy. Behavior of economy as a whole. Income, inflation, unemployment, and growth; consumption, investment, and rate of interest; monetary and fiscal policy. Prerequisites: 201, 202, MATH 220.
Topics vary and may cover the economic history of a particular country or region, or a specific issue in economic history. May be taken twice for credit with different topics. Prerequisites: 281, 310-1, 311.
Topics may include growth, business cycles, unemployment and search, monetary economics, macroeconomic policy, inter-temporal choice, general equilibrium. Prerequisites: 281, 310-1, 310-2, 311, Math 224 & 230.
ECON 323-2 Economic History of the United States After 1865
Economic development of the United States with emphasis on changing structure and performance of the economy: 1865 to the present. Pre-requisites: 281, 310-1, 311.
Macroeconomic aspects of long-term patterns of economic development. The effects of investment, education, population, and technological change on economic growth. Pre-requisites: 281, 310-1,2, 311.
Structure, performance, and problems of developing economies. Topics may include land use, labor, migration, credit, insurance, and famine. Prerequisites: 281, 310-1,2.
ECON 336 Analytic Methods for Public Policy Analysis
Formulation of objectives, structuring decision problems, choices under uncertainty, interactive decisions, and the impact of organizational structure on project outcomes. Prerequisites: 281, 310-1,2.
Survey of economic problems growing out of employment relationships; theories and processes of wage and employment determination, income distribution, and the role of trade unions and issues of economic security. Prerequisites: 281, 310-1,2, 311.
Analysis of gender differences in employment, earnings and division of labor in the household. Family, labor market, discrimination, segregation, historical and international conditions, and antidiscrimination legislation. Prerequisites: 281, 310-1,2.
Price and efficiency performance of American industries representative of various types of market structures and practices. Prerequisites: 281, 310-1,2.
ECON 355 Transportation Economics and Public Policy
The demand for alternative modes by passengers and shippers. Cost of providing transportation, competition, regulation, optimal pricing, subsidies, congestion pricing, and urban transit. Prerequisites: 281, 310-1,2.
International and inter-regional trade. Factors influencing trade in goods and services between areas. Reasons for and effects of impediments to trade, such as transport costs, tariffs, quotas, and voluntary export restrictions. Prerequisites: 281, 310-1,2; 311.
Economic analysis of scarcity and incentives explaining environmental issues such as pollution and climate change. Modeling and evaluation of public policy. Pre-requisites: 281, 310-1,2. Students may not receive credit for both Econ 370 and Econ 372.
Non-cooperative game theory, with applications to industrial organization, auctions, and theories of the firm. Prerequisites: 310-1,2; MATH 224 & 230. (Should not be taken by students who have completed MMSS 211-2.)
Asymmetric information in markets and organizations. Topics include search, signaling, bidding, rational expectations, moral hazard, principal-agent problems, and contract-mechanism design.
Theories of economic development and growth. Includes both the macroeconomic aspects of long-term patterns of economic growth and the micro-economic structure, performance, and problems of developing economies.
Theoretical and empirical analysis of basic influences on industrial markets, their economic organization, practices and price formation, and related public policy issues.
Analytical tools for understanding international and interregional economic relations. International trade policy. Relationship of theory to specific problems.
Nonparametric and linear regression, identification, principles of statistical inference, extremum estimators, asymptotic statistical theory, time series analysis, discrete response analysis, structural microeconometrics. (Required sequence.)
Advanced theory of identification, estimation, and statistical inference. Includes partial identification of probability distributions, the bootstrap, refinements of asymptotic theory, and semi- and nonparametric structural microeconometrics.
Topics include univariate ARIMA modeling, vector auto-regressions, autoregressive conditional heteroskedasticity, generalized method of moments, and nonstationary time series.
STAT 210 Introductory Statistics for the Social Sciences
Introduction to basic concepts and methods of statistics and probability. Methods of data collection, descriptive statistics, probability, estimation, sampling distributions, confidence intervals, hypothesis testing. May not receive credit for both 202 and 210. Prerequisite: strong background in high school algebra (calculus is not required).
* = At the instructors discretion, subject to sufficient enrollment to justify a Teaching Assistant, a discussion session may be scheduled on Fridays at the same time as the lectures.
# = At the instructors discretion, subject to sufficient enrollment to justify a Teaching Assistant, a discussion session may be scheduled at a mutually convenient time.
$ = Scheduled for KGH 1410
Economics 535 and 560 will be held in alternating weeks.
