Twin Cities campus
 
Twin Cities Campus

Economics B.S.

Economics
College of Liberal Arts
  • Program Type: Baccalaureate
  • Requirements for this program are current for Spring 2018
  • Required credits to graduate with this degree: 120
  • Required credits within the major: 64 to 68
  • Degree: Bachelor of Science
Economics emphasizes critical thinking and the understanding of basic economic principles. The BS is for students interested in graduate study in economics or in a career where quantitative economic analysis plays a significant role. The strong quantitative component in this degree emphasizes multivariate calculus, linear algebra, and econometrics. Students choose from courses in comparative economic systems, economic theory, econometrics, economic development, game theory, industrial organization, cost-benefit analysis, environmental, financial, international, mathematical, monetary, public, and labor economics. For more information, visit www.econ.umn.edu.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
Students must complete 4 courses before admission to the program.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Required prerequisites
Preparatory Coursework
Take the following 4 courses for a total of 16 credits.
ECON 1101 - Principles of Microeconomics [SOCS, GP] (4.0 cr)
ECON 1102 - Principles of Macroeconomics (4.0 cr)
MATH 1271 - Calculus I [MATH] (4.0 cr)
or MATH 1571H - Honors Calculus I [MATH] (4.0 cr)
MATH 1272 - Calculus II (4.0 cr)
or MATH 1572H - Honors Calculus II (4.0 cr)
General Requirements
All students in baccalaureate degree programs are required to complete general University and college requirements including writing and liberal education courses. For more information about University-wide requirements, see the liberal education requirements. Required courses for the major, minor or certificate in which a student receives a D grade (with or without plus or minus) do not count toward the major, minor or certificate (including transfer courses).
Program Requirements
CLA degrees require that students complete 48 credits of upper-division coursework taken at the 3xxx,4xxx, or 5xxx level. All major coursework must be taken A-F. Up to 3 credits of independent study (ECON 3991) may count toward the major. Supporting work in computer science, mathematics, and statistics is recommended. Only one country/area study course (ECON 4317, 4311) or DUS-approved study abroad course may count toward the electives requirement. All study-abroad or transfer courses must be approved by the Director of Undergraduate Studies in the Department of Economics. Students must complete at least 12 credits of upper-division coursework (ECON 3xxx-5xxx) in residence at the University of Minnesota-Twin Cities campus. Students must take at least one writing intensive course in the major, or take ECON 4100W concurrently with ECON 4831, or an honors course. Students may receive no more than one undergraduate degree from the Department of Economics: a BA or a BS or a minor. All incoming CLA freshmen must complete the First Year Experience course sequence.
Major Requirements
Take 7 of the following courses for a total of 28 credits.
ECON 3101 - Intermediate Microeconomics (4.0 cr)
ECON 3102 - Intermediate Macroeconomics (4.0 cr)
ECON 4261 - Introduction to Econometrics (4.0 cr)
MATH 2243 - Linear Algebra and Differential Equations (4.0 cr)
or MATH 2574H - Honors Calculus IV (4.0 cr)
MATH 2263 - Multivariable Calculus (4.0 cr)
or MATH 2573H - Honors Calculus III (4.0 cr)
Theory of Statistics I & II
Take one of the following course pairs for a total of 8 credits:
STAT 4101 - Theory of Statistics I (4.0 cr)
STAT 4102 - Theory of Statistics II (4.0 cr)
or STAT 5101 - Theory of Statistics I (4.0 cr)
STAT 5102 - Theory of Statistics II (4.0 cr)
Electives
With prior approval of the director of undergraduate studies, students may use one of the following courses as an Econ elective: ACCT 5101, MATH 4065, MATH 5615H, or MATH 4603.
Take exactly 4 course(s) totaling 12 - 16 credit(s) from the following:
· ECON 4311 - Economy of Latin America (3.0 cr)
· ECON 4317 - The Chinese Economy (3.0 cr)
· ECON 4331W - Economic Development [WI] (3.0 cr)
· ECON 4337 - Comparative Economic Systems (3.0 cr)
· ECON 4432W - International Finance [WI] (3.0 cr)
· ECON 4531 - Labor Economics (3.0 cr)
· ECON 4621 - Urban Economics (3.0 cr)
· ECON 4631 - Industrial Organization and Antitrust Policy (3.0 cr)
· ECON 4821 - Public Economics (3.0 cr)
· ECON 4831 - Cost-Benefit Analysis (3.0 cr)
· ECON 4431W - International Trade [GP, WI] (3.0 cr)
or ECON 4431V {Inactive} [GP, WI] (4.0 cr)
· ECON 4721 - Money and Banking (3.0 cr)
or ECON 4721H {Inactive} (3.0 cr)
· ECON 4731 - Macroeconomic Policy (3.0 cr)
or ECON 4738 - Advanced Macroeconomic Policy (4.0 cr)
· ECON 4751 - Financial Economics (3.0 cr)
or ECON 4751H - Honors: Financial Economics (4.0 cr)
· ECON 4960 - Topics in Economics (4.0 cr)
or ECON 4960H - Honors: Topics in Economics (4.0 cr)
Advanced Courses
PUBH 6832 is a masters' level course. Economics majors with a 3.6 or higher GPA should contact the director of undergraduate studies about the possibility of signing up for this course. The Micro/Macro Analysis and Theory courses (ECON 416x) are quarter-long courses meant to be taken in pairs.
Take 2 or more course(s) totaling 8 or more credit(s) from the following:
· ECON 4431V {Inactive} [GP, WI] (4.0 cr)
· ECON 4721H {Inactive} (3.0 cr)
· ECON 4738 - Advanced Macroeconomic Policy (4.0 cr)
· ECON 4751H - Honors: Financial Economics (4.0 cr)
· ECON 4828 - Advanced Public Economics (4.0 cr)
· ECON 4968 - Advanced Topics in Economics (4.0 cr)
· ECON 4108 - Advanced Game Theory and Applications (4.0 cr)
· ECON 4113 {Inactive} (4.0 cr)
· ECON 4748 - Advanced Quantitative Analysis of the Macroeconomy (4.0 cr)
· ECON 4161 - Microeconomic Analysis (2.0 cr)
ECON 4162 - Microeconomic Analysis (2.0 cr)
· ECON 4163 - Microeconomic Analysis (2.0 cr)
ECON 4164 - Microeconomic Analysis (2.0 cr)
· ECON 4165 - Macroeconomic Theory (2.0 cr)
ECON 4166 - Macroeconomic Theory (2.0 cr)
· ECON 4167 - Macroeconomic Theory (2.0 cr)
ECON 4168 - Macroeconomic Theory (2.0 cr)
· ECON 5890 - Economics of the Health-Care System (3.0 cr)
or PUBH 6832 - Economics of the Health Care System (3.0 cr)
Upper Division Writing Intensive within the Major
Students are required to take one upper division writing intensive course within the major. If that requirement has not been satisfied within the core major requirements, students must choose one course from the following list. Some of these courses may also fulfill other major requirements.
Take 0 - 1 course(s) from the following:
· ECON 4331W - Economic Development [WI] (3.0 cr)
· ECON 4432W - International Finance [WI] (3.0 cr)
· ECON 4431W - International Trade [GP, WI] (3.0 cr)
or ECON 4431V {Inactive} [GP, WI] (4.0 cr)
· Students interested in taking ECON 4100W must register concurrently for ECON 4831 or another Advanced ECON course, and receive permission from the director of undergraduate studies.
· ECON 4100W - Undergraduate Writing in Economics [WI] (1.0 cr)
with ECON 4831 - Cost-Benefit Analysis (3.0 cr)
 
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ECON 1101 - Principles of Microeconomics (SOCS, GP)
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 1101/1104/1111/ApEc 1101
Typically offered: Every Fall, Spring & Summer
Microeconomic behavior of consumers, firms, and markets in domestic and world economy. Demand and supply. Competition and monopoly. Distribution of income. Economic interdependencies in the global economy. Effects of global linkages on individual decisions. prereq: knowledge of plane geometry and advanced algebra
ECON 1102 - Principles of Macroeconomics
Credits: 4.0 [max 4.0]
Course Equivalencies: 00020 - ApEc 1102/Econ 1102/1105/1112
Typically offered: Every Fall, Spring & Summer
Aggregate consumption, saving, investment, and national income. Role of money, banking, and business cycles in domestic and world economy. International trade, growth, and development. U.S. economy and its role in the world economy. International interdependencies among nations. prereq: [1101 or equiv], knowledge of plane geometry and advanced algebra
MATH 1271 - Calculus I (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: 00067 - Math 1271/Math 1281/Math 1371/
Typically offered: Every Fall, Spring & Summer
Differential calculus of functions of a single variable, including polynomial, rational, exponential, and trig functions. Applications, including optimization and related rates problems. Single variable integral calculus, using anti-derivatives and simple substitution. Applications may include area, volume, work problems. prereq: 4 yrs high school math including trig or satisfactory score on placement test or grade of at least C- in [1151 or 1155]
MATH 1571H - Honors Calculus I (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: 00067 - Math 1142/1271/1281/1371/1571H
Grading Basis: A-F only
Typically offered: Every Fall
Differential/integral calculus of functions of a single variable. Emphasizes hard problem-solving rather than theory. prereq: Honors student and permission of University Honors Program
MATH 1272 - Calculus II
Credits: 4.0 [max 4.0]
Course Equivalencies: Math 1272/1282/1252/1372/1572
Typically offered: Every Fall, Spring & Summer
Techniques of integration. Calculus involving transcendental functions, polar coordinates. Taylor polynomials, vectors/curves in space, cylindrical/spherical coordinates. prereq: [1271 or equiv] with grade of at least C-
MATH 1572H - Honors Calculus II
Credits: 4.0 [max 4.0]
Course Equivalencies: 00068 - Math 1272/1282/1252/1372/1572
Grading Basis: A-F only
Typically offered: Every Spring
Continuation of 1571. Infinite series, differential calculus of several variables, introduction to linear algebra. prereq: 1571H, honors student, permission of University Honors Program
ECON 3101 - Intermediate Microeconomics
Credits: 4.0 [max 4.0]
Course Equivalencies: 00025 - Econ 3101/Econ 3101H/ApEc 3001
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Behavior of households, firms, and industries under competitive/monopolistic conditions. Factors influencing production, price, and other decisions. Applications of theory. Economic efficiency. Distribution of well-being. prereq: [[1101, 1102] or equiv], [MATH 1271 or equiv]
ECON 3102 - Intermediate Macroeconomics
Credits: 4.0 [max 4.0]
Course Equivalencies: 00026 - Econ 3102/ApEc 3006
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Determinants of national income, employment, and price level; effects of monetary and fiscal policies; emphasis on a general equilibrium approach. Applications of the theory, especially to current macroeconomic policy issues. Students cannot take this course if they have taken ApEc 3006, however, ApEc 3006 does not contain all material in Econ 3102. Econ majors are encouraged to take ECON 3102 instead of ApEc 3006 prereq: 3101 or equiv
ECON 4261 - Introduction to Econometrics
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
For Econ B.S. majors only. Review of basic linear regression model, its variants. Time series/simultaneous equation models. Material may include panel data, censored/truncated regressions, discrete choice models. prereq: [3101 or equiv], [[Math 1271, Math 1272] or equiv], Math 2243, Math 2263, [[Stat 4101, Stat 4102] or [Stat 5101, Stat 5102]]; Math 4242 strongly recommended
MATH 2243 - Linear Algebra and Differential Equations
Credits: 4.0 [max 4.0]
Course Equivalencies: Math 2243/2373/2573
Typically offered: Every Fall, Spring & Summer
Linear algebra: basis, dimension, matrices, eigenvalues/eigenvectors. Differential equations: first-order linear, separable; second-order linear with constant coefficients; linear systems with constant coefficients. prereq: [1272 or 1282 or 1372 or 1572] w/grade of at least C-
MATH 2574H - Honors Calculus IV
Credits: 4.0 [max 4.0]
Course Equivalencies: 00561 - Math 2243/Math 2373/Math 2573H
Grading Basis: A-F only
Typically offered: Every Spring
Advanced linear algebra, differential equations. Additional topics as time permits. prereq: Math 1572H or Math 2573H, honors student and permission of University Honors Program
MATH 2263 - Multivariable Calculus
Credits: 4.0 [max 4.0]
Course Equivalencies: Math 2263/2373/2573H/3251
Typically offered: Every Fall, Spring & Summer
Derivative as linear map. Differential/integral calculus of functions of several variables, including change of coordinates using Jacobians. Line/surface integrals. Gauss, Green, Stokes Theorems. prereq: [1272 or 1372 or 1572] w/grade of at least C-
MATH 2573H - Honors Calculus III
Credits: 4.0 [max 4.0]
Course Equivalencies: 00069 - Math 2263/2374/3251
Grading Basis: A-F only
Typically offered: Every Fall
Integral calculus of several variables. Vector analysis, including theorems of Gauss, Green, Stokes. prereq: Math 1572H or Math 2574H, honors student and permission of University Honors Program
STAT 4101 - Theory of Statistics I
Credits: 4.0 [max 4.0]
Typically offered: Every Fall
Random variables/distributions. Generating functions. Standard distribution families. Data summaries. Sampling distributions. Likelihood/sufficiency. prereq: Math 1272 or Math 1372 or Math 1572H
STAT 4102 - Theory of Statistics II
Credits: 4.0 [max 4.0]
Course Equivalencies: Stat 4102/5102
Typically offered: Every Spring
Estimation. Significance tests. Distribution free methods. Power. Application to regression and to analysis of variance/count data. prereq: 4101
STAT 5101 - Theory of Statistics I
Credits: 4.0 [max 4.0]
Course Equivalencies: 00259 - Math 5651/Stat 5101
Typically offered: Every Fall
Logical development of probability, basic issues in statistics. Probability spaces. Random variables, their distributions and expected values. Law of large numbers, central limit theorem, generating functions, multivariate normal distribution. prereq: [Math 2263 or Math 2374 or Math 2573H], [CSCI 2033 or Math 2373 or Math 2243]
STAT 5102 - Theory of Statistics II
Credits: 4.0 [max 4.0]
Course Equivalencies: Stat 4102/5102
Typically offered: Every Spring
Sampling, sufficiency, estimation, test of hypotheses, size/power. Categorical data. Contingency tables. Linear models. Decision theory. prereq: 5101 or Math 5651
ECON 4311 - Economy of Latin America
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Economic evolution in Latin America since 1950. Trade liberalization, poverty, inflation, development strategies in selected Latin American countries. Theory/applications of important issues. prereq: [1101, 1102] or equiv
ECON 4317 - The Chinese Economy
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Overview of the Chinese Economy; transition from command economy to a market-based one and effects on economic indicators; current economic issues and concerns of the Chinese economy; role of China in today's world economy.
ECON 4331W - Economic Development (WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: 00031 - Econ 4301/4331
Typically offered: Every Fall, Spring & Summer
Economic growth in low income countries. Theory of aggregate and per capita income growth. Population growth, productivity increases, and capital formation. Allocation of resources between consumption and investment and among sectors. International assistance/trade. prereq: [[3101, 3102] or equiv], completion of freshman writing practice
ECON 4337 - Comparative Economic Systems
Credits: 3.0 [max 3.0]
Course Equivalencies: Econ 4307/4337
Typically offered: Every Fall, Spring & Summer
Functions of economic systems; market economy versus centrally planned economy. Comparison of different economic systems. Post socialist transitions in Eastern Europe, Russia, and China. Initial conditions and strategies for reforms; results of reforms in terms of key economic indicators. prereq: 3101, 3102 or equiv
ECON 4432W - International Finance (WI)
Credits: 3.0 [max 3.0]
Typically offered: Every Spring & Summer
Balance of payments; international financial markets; exchange rate determination; international monetary system; international investment and capital flows; financial management of the multinational firm; open economy macroeconomic policy. prereq: 3101, 3102 or equiv; 4431 or 4439 or equiv recommended
ECON 4531 - Labor Economics
Credits: 3.0 [max 3.0]
Course Equivalencies: 00027
Typically offered: Every Fall & Spring
Economic analysis of labor markets and their operations; population and labor force; labor market institutions; wage and employment theories; unions and collective bargaining; public policy. prereq: 3101, 3102 or equiv
ECON 4621 - Urban Economics
Credits: 3.0 [max 3.0]
Course Equivalencies: 01978
Typically offered: Periodic Spring
Economics of urbanization. Location of economic activity/cities. Central place theory. Urban economic base/economic policy. Urban problems. Transportation, poverty/segregation, housing, public finance. prereq: [3101, 3102] or equivalents
ECON 4631 - Industrial Organization and Antitrust Policy
Credits: 3.0 [max 3.0]
Course Equivalencies: 00028 - Econ 3601/Econ 4631/Econ 4631H
Typically offered: Every Fall, Spring & Summer
Relations between market structure, economic efficiency and welfare. Economic origins of monopoly and other restraints on competition. Purposes and effects of antitrust and related legislation. Industrial policy. prereq: 3101 or equiv
ECON 4821 - Public Economics
Credits: 3.0 [max 3.0]
Course Equivalencies: 00030
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Competing views on proper role of government in economy. Effects of tax/spending policies, taking into account private agents' response to government actions/ways government officials may use powers. Optimal policies. Applications primarily to U.S. government. prereq: [3101, 3102] or equiv
ECON 4831 - Cost-Benefit Analysis
Credits: 3.0 [max 3.0]
Course Equivalencies: 00400 - Econ 4611H/Econ 4831
Typically offered: Every Fall & Spring
Evaluation of benefits and costs of public projects and programs. Issues connected with definition and measurement of benefits and costs. Rate of return and discount. Market imperfections, risk, uncertainty. Case studies.
ECON 4431W - International Trade (GP, WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: 01974
Typically offered: Every Fall, Spring & Summer
Theories of trade/trade patterns. Trade restrictions/commercial policy. International factor movements. Economic growth/development. Multinational corporations. Regional integration. Transition economies. prereq: [3101, 3102] or equiv, freshman writing practice
ECON 4721 - Money and Banking
Credits: 3.0 [max 3.0]
Course Equivalencies: 00029 - Econ 3701/4721
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Theories of money demand and money supply. Financial intermediation and banking, banking practices and regulation, role of the Federal Reserve system. Monetary theory and policy. prereq: [3101, 3102] or equiv
ECON 4731 - Macroeconomic Policy
Credits: 3.0 [max 3.0]
Course Equivalencies: 02051 - Econ 4731/Econ 4731H/Econ 4731
Typically offered: Every Fall & Spring
Monetary vs. fiscal policy debate in the context of the underlying macroeconomic theory controversy. Comparison of Keynesian, Monetarist, and Classical theories; rational expectations; policy ineffectiveness; time inconsistency; rules vs. discretion; budget deficits; unemployment and inflation. prereq: 3101, 3102 or equiv
ECON 4738 - Advanced Macroeconomic Policy
Credits: 4.0 [max 4.0]
Course Equivalencies: 02051 - Econ 4731/Econ 4731H/Econ 4731
Grading Basis: A-F only
Typically offered: Every Fall & Spring
For Econ B.S. majors only. Monetary vs. fiscal policy debate in context of underlying macroeconomic theory controversy. Comparison of Keynesian, Monetarist, Classical theories. Rational expectations, policy ineffectiveness, time inconsistency, rules versus discretion, budget deficits. Unemployment/inflation. prereq: [[3101, 3102] or equiv], Math 1271
ECON 4751 - Financial Economics
Credits: 3.0 [max 3.0]
Course Equivalencies: 00035 - Econ 4751/4759
Typically offered: Every Fall, Spring & Summer
Financial decisions of firms/investors. Determination of interest rates and asset prices. Role of risk/uncertainty. Emphasizes economic models. prereq: [3101 or equiv], [MATH 1271 or equiv], one sem statistics
ECON 4751H - Honors: Financial Economics
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 4751/4759
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Efficiency of financial markets. Theoretical concepts, empirical evidence. prereq: 3101, [3102 or equiv], [Math 1271 or equiv], [Stat 3011 or equiv]
ECON 4960 - Topics in Economics
Credits: 4.0 [max 8.0]
Course Equivalencies: 02053 - Econ 4960/Econ 4960H
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
Topics specified in Class Schedule. prereq: [3101 or 3102 or equiv], MATH 1271
ECON 4960H - Honors: Topics in Economics
Credits: 4.0 [max 8.0]
Course Equivalencies: 02053
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
Topics specified in Class Schedule prereq: [[3101, 3102] or equiv], MATH 1271; may change based on topic
ECON 4738 - Advanced Macroeconomic Policy
Credits: 4.0 [max 4.0]
Course Equivalencies: 02051 - Econ 4731/Econ 4731H/Econ 4731
Grading Basis: A-F only
Typically offered: Every Fall & Spring
For Econ B.S. majors only. Monetary vs. fiscal policy debate in context of underlying macroeconomic theory controversy. Comparison of Keynesian, Monetarist, Classical theories. Rational expectations, policy ineffectiveness, time inconsistency, rules versus discretion, budget deficits. Unemployment/inflation. prereq: [[3101, 3102] or equiv], Math 1271
ECON 4751H - Honors: Financial Economics
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 4751/4759
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Efficiency of financial markets. Theoretical concepts, empirical evidence. prereq: 3101, [3102 or equiv], [Math 1271 or equiv], [Stat 3011 or equiv]
ECON 4828 - Advanced Public Economics
Credits: 4.0 [max 4.0]
Course Equivalencies: 00030 - Econ 3801/Econ 4828/Econ 4821
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Competing views/models on the role of government in an economy. Effects of tax and spending policies, private agents' response to government actions; optimal policies. Financial crisis and government policies on subsidizing private debt and private housing. Climate change policy of government. Government health care reforms. Tax issues of MNCs, tax evasion, industry relocations and corporate taxes. prereqs: Econ 3101 and 3102; advise completing Econometrics before taking this course.
ECON 4968 - Advanced Topics in Economics
Credits: 4.0 [max 8.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Topics specified in Class Schedule. prereq: [[3101, 3102] or equiv], MATH 1271, [Stat 3011 or equiv], successfully complete at least two 4xxx level UMNTC economics courses.
ECON 4108 - Advanced Game Theory and Applications
Credits: 4.0 [max 4.0]
Course Equivalencies: 02050
Grading Basis: A-F only
Typically offered: Every Fall
For Econ B.S. students only. Games. Normal form, extensive form. Wars of attrition. Games of timing. Bargaining applications in industrial organization, macroeconomics, international economics. prereq: [[3101, 3102]] or equiv], [[MATH 1271, MATH 1272] or equiv]; students should have successfully completed two 4xxx level UMNTC economics courses.
ECON 4748 - Advanced Quantitative Analysis of the Macroeconomy
Credits: 4.0 [max 4.0]
Course Equivalencies: 02052 - Econ 4741/Econ 4741H/Econ 4748
Grading Basis: A-F only
Typically offered: Every Fall & Spring
For Econ B.S. majors only. Development/calibration of growth model. Effects of policies on output, employment, other aggregate variables. Documentation and estimation of business cycle facts and costs. Real business theory. Prediction of business cycle facts. Course provides students some basic analytical and numerical tools that allows them to quantify the impact of fiscal and monetary policies on the macroeconomy. prereq: [[Econ 3101, 3102] or equiv], [Stat 3011 or equiv]
ECON 4161 - Microeconomic Analysis
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Theories of consumer demand, producer supply, and market equilibrium. General equilibrium and welfare. May include topics such as externalities, economics of information/uncertainty. Seven-week course. Meets with 8001. prereq: 3101, 3102, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4162 - Microeconomic Analysis
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Theories of consumer demand, producer supply, and market equilibrium. General equilibrium and welfare. May include topics such as externalities, economics of information/uncertainty, and game theory. Seven-week course. Meets with 8002. prereq: 3101, 3102, 4161, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4163 - Microeconomic Analysis
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Theories of consumer demand, producer supply, and market equilibrium. General equilibrium and welfare. May include topics such as externalities, economics of information/uncertainty, and game theory. Seven-week course. Meets with 8003. prereq: 3101, 3102, 4162, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4164 - Microeconomic Analysis
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Theories of consumer demand, producer supply, and market equilibrium. General equilibrium and welfare. May include topics such as externalities, economics of information/uncertainty, and game theory. Seven-week course. Meets with 8004. prereq: 3101, 3102, 4163, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4165 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, and prices. Seven-week course. Meets with 8105. prereq: 3101, 3102, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4166 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, and prices. Seven-week course. Meets with 8106. prereq: 3101, 3102, 4165, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4167 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
General equilibrium models with uncertainty, search, matching, indivisibilities, private information. Implications of theory for measurement and data reporting. Overlapping generations, dynasty models with money/government. Variational/recursive methods. Seven-week course. Meets with 8107. prereq: 3101, 3102, 4166, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 4168 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
General equilibrium models with uncertainty, search, matching, indivisibilities, private information. Implications of theory for measurement and data reporting. Overlapping generations, dynasty models with money/government. Variational/recursive methods. Seven-week course. Meets with 8108. prereq: 3101, 3102, 4167, MATH 2243, MATH 2263, [[STAT 4101, STAT 4102] or equiv], dept consent
ECON 5890 - Economics of the Health-Care System
Credits: 3.0 [max 3.0]
Course Equivalencies: Econ 5890/PubH 5893
Grading Basis: A-F or Aud
Typically offered: Every Fall
Economic analysis of U.S. health-care sector. Emphasizes problems of pricing, production, distribution. Health-care services as one factor contributing to nation's health. prereq: 3101 or instr consent
PUBH 6832 - Economics of the Health Care System
Credits: 3.0 [max 3.0]
Course Equivalencies: 00293 - Econ 5890/PubH 5893
Typically offered: Every Fall
Development of traditional issues in health economics. Production of health, demand for health capital and health care, insurance theory and markets, managed care, pricing, physician's services, production and costs in health care institutions, role of government, cost effectivness analysis, reform. prereq: [[Grad or professional school] student, knowledge of [microeconomic analytical tools, analytical statistics]] or instr consent
ECON 4331W - Economic Development (WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: 00031 - Econ 4301/4331
Typically offered: Every Fall, Spring & Summer
Economic growth in low income countries. Theory of aggregate and per capita income growth. Population growth, productivity increases, and capital formation. Allocation of resources between consumption and investment and among sectors. International assistance/trade. prereq: [[3101, 3102] or equiv], completion of freshman writing practice
ECON 4432W - International Finance (WI)
Credits: 3.0 [max 3.0]
Typically offered: Every Spring & Summer
Balance of payments; international financial markets; exchange rate determination; international monetary system; international investment and capital flows; financial management of the multinational firm; open economy macroeconomic policy. prereq: 3101, 3102 or equiv; 4431 or 4439 or equiv recommended
ECON 4431W - International Trade (GP, WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: 01974
Typically offered: Every Fall, Spring & Summer
Theories of trade/trade patterns. Trade restrictions/commercial policy. International factor movements. Economic growth/development. Multinational corporations. Regional integration. Transition economies. prereq: [3101, 3102] or equiv, freshman writing practice
ECON 4100W - Undergraduate Writing in Economics (WI)
Credits: 1.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Research essay. prereq: 3101, [concurrent registration is required (or allowed) in 4831 or concurrent registration is required (or allowed) in economics honors course], concurrent registration is required (or allowed) in economics advanced courses; freshman writing practice completed, instr consent
ECON 4831 - Cost-Benefit Analysis
Credits: 3.0 [max 3.0]
Course Equivalencies: 00400 - Econ 4611H/Econ 4831
Typically offered: Every Fall & Spring
Evaluation of benefits and costs of public projects and programs. Issues connected with definition and measurement of benefits and costs. Rate of return and discount. Market imperfections, risk, uncertainty. Case studies.