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.
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.
Firms’ choices of prices, capacity, location, quality, variety, investment and product innovation when navigating complex economic environments shaped by government policy and inter-firm rivalries. Prerequisites: 202; MATH 220. (Majors and Minors should not take this course, but should take 349 instead.)
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.
Theory and practice of public finance. Welfare aspects of taxation and public expenditure decisions. Budgeting, public investment, external costs and benefits, and public debt. Prerequisites: 281, 310-1,2.
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.
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.
Structure, performance, and problems of developing economies. Topics may include land use, labor, migration, credit, insurance, and famine. Prerequisites: 281, 310-1,2.
Understanding of how humans make choices in economic situations. the incorporation of psychology and/or sociology into economics. Topics may include perceptions, judgment, biases, and social pressure. 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.
Application of microeconomic theory to the analysis of family issues: marriage, cohabitation, the decision to have children, divorce, credit and insurance, and legacies. Prerequisites: 281, 310-1,2.
The economic analysis of education. Topics include returns to schooling, education and economic growth, education production functions, school financing, vouchers, charter schools, and accountability. Prerequisites: 281, 310-1,2.
The impact of judicial decisions and statutory enactments on economic behavior, including corporate law, antitrust and regulation statutes and the way this affects markets. Prerequisites: 281, 310-1,2.
Determination of exchange rates, balance of payments, and international asset flows and prices; international transmission of macroeconomic disturbances. Prerequisites: 281, 310-1, 311.
Analysis of the functioning and regulation of electricity, oil and natural gas markets. Includes discussion of competition and environmental concerns. Pre-requisites: 281, 310-1,2.
Evaluation of economics models and public policy concerning natural resources such as farming, fisheries, forests, minerals, ores and fossil fuels. Pre-requisites: 281, 310-1,2. Students may not receive credit for both Econ 370 and Econ 373.
For students of superior ability. Original research on a topic of interest to the student, culminating in a senior thesis. By department invitation only. Grade of K given in 398-1. Prerequisites: 281; 310-1,2; 311; MATH 224 & 230; at least four 300-level economics electives.
Asymmetric information in markets and organizations. Topics include search, signaling, bidding, rational expectations, moral hazard, principal-agent problems, and contract-mechanism design.
Recent contributions to macroeconomics. Topics may include determinants of aggregate demand and supply; models of economic growth; money supply; interest rates; capital markets; and level of prices and outputs.
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.
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.
Economics 535 and 560 will be held in alternating weeks.
