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 2012
  • Required credits to graduate with this degree: 120
  • Required credits within the major: 46 to 48
  • Degree: Bachelor of Science
Economics emphasizes critical thinking and the understanding of basic economic principles. The B.S. 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
ECON 1102 - Principles of Macroeconomics (4.0 cr)
MATH 1271 - Calculus I [MATH] (4.0 cr)
MATH 1272 - Calculus II (4.0 cr)
ECON 1101 - Principles of Microeconomics [SOCS, GP] (4.0 cr)
or ECON 1101H {Inactive} (4.0 cr)
General Requirements
All students 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 or minor in which a student receives a D grade (with or without plus or minus) do not count toward the major or minor (including transfer courses).
Program Requirements
All Major Requirements courses must be taken A-F. Three credits of independent study (ECON 3991) may be applied toward the major. A grade of C- or better is required in all courses counting toward the degree. Students must have a 2.00 GPA in all major courses in order to graduate. This policy is strictly enforced. Supporting work in computer science, mathematics, and statistics is recommended. Only one country/area study course (ECON 3960, 4311, 4313, or 4315) or DUS-approved study-abroad course may count toward the electives requirement. Residency requirement: All students must complete 12 credits of their 4xxx and 5xxx economics courses at UMNTC. Students must take at least one writing intensive course in economics, or take ECON 4100W concurrently with ECON 4831 or an honors course. All study-abroad or transfer courses must be approved by the director of undergraduate studies in economics.
Major Requirements
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)
MATH 2263 - Multivariable Calculus (4.0 cr)
Take one of the following course pairs:
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
At least one 4xxx-5xxx course must be writing intensive. Students may substitute selected 5xxx APEC courses for one of the six required elective courses, with the prior approval of the director of undergraduate studies. ECON 4431W, 4631, 4721, 4731, 4741, and 4751 are also offered as four-credit honors courses open to all students.
Take 6 or more course(s) totaling 20 or more credit(s) from the following:
· ECON 3960 - Topics in Economics (3.0 cr)
· ECON 4021 {Inactive} (3.0 cr)
· ECON 4171 - History of Economic Thought (3.0 cr)
· ECON 4311 - Economy of Latin America (3.0 cr)
· ECON 4313 - The Russian Economy (3.0 cr)
· ECON 4315 - The Japanese Economy (3.0 cr)
· ECON 4331W - Economic Development [WI] (3.0 cr)
· ECON 4337 - Comparative Economic Systems (3.0 cr)
· ECON 4421W {Inactive} [WI] (3.0 cr)
· ECON 4432W - International Finance [WI] (3.0 cr)
· ECON 4531 - Labor Economics (3.0 cr)
· ECON 4821 - Public Economics (3.0 cr)
· ECON 4831 - Cost-Benefit Analysis (3.0 cr)
· ECON 4960 - Topics in Economics (3.0 cr)
· ECON 5890 - Economics of the Health-Care System (3.0 cr)
· ECON 4741H - Honors: Quantitative Analysis of the Macroeconomy (4.0 cr)
· ECON 4431W - International Trade [GP, WI] (3.0 cr)
or ECON 4431V - Honors Course: International Trade [GP, WI] (4.0 cr)
· ECON 4631 - Industrial Organization and Antitrust Policy (3.0 cr)
or ECON 4631H - Honors Course: Industrial Organization and Antitrust Policy (4.0 cr)
· ECON 4721 - Money and Banking (3.0 cr)
or ECON 4721H - Honors Course: Money and Banking (4.0 cr)
· ECON 4731 - Macroeconomic Policy (3.0 cr)
or ECON 4731H - Honors Course: Macroeconomic Policy (4.0 cr)
· ECON 4751 - Financial Economics (3.0 cr)
or ECON 4751H - Honors: Financial Economics (4.0 cr)
· May use one of the courses below with major adviser approval.
Take 0 - 1 course(s) from the following:
· MATH 4065 - Theory of Interest (4.0 cr)
· MATH 4606 {Inactive} (4.0 cr)
· Take 2 or more course(s) totaling 8 or more credit(s) from the following:
· ECON 4109H - Honors Course: Game Theory and Applications (4.0 cr)
· ECON 4113 - Introduction to Mathematical Economics (4.0 cr)
· ECON 4431V - Honors Course: International Trade [GP, WI] (4.0 cr)
· ECON 4621H - Honors Course: Urban Economics (4.0 cr)
· ECON 4631H - Honors Course: Industrial Organization and Antitrust Policy (4.0 cr)
· ECON 4721H - Honors Course: Money and Banking (4.0 cr)
· ECON 4731H - Honors Course: Macroeconomic Policy (4.0 cr)
· ECON 4741H - Honors: Quantitative Analysis of the Macroeconomy (4.0 cr)
· ECON 4751H - Honors: Financial Economics (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)
Program Sub-plans
A sub-plan is not required for this program.
Honors UHP
This is an honors sub-plan.
Students admitted to the University Honors Program (UHP) must fulfill UHP requirements in addition to degree program requirements. Honors courses used to fulfill degree program requirements will also fulfill UHP requirements. Current departmental honors course offerings are listed at: http://www.honors.umn.edu/academics/curriculum/dept_courses_current.html Honors students complete an honors thesis project in the final year, most often in conjunction with an honors thesis course, or with an honors directed studies or honors directed research course. Students select honors courses and plan for a thesis project in consultation with their UHP adviser and their departmental faculty adviser.
 
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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: Math 1142/1271/1281/1371/1571H
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 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-
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 3101 - Intermediate Microeconomics
Credits: 4.0 [max 4.0]
Course Equivalencies: 00025
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: Econ 3102/ApEc 3006
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. 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
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 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-
STAT 4101 - Theory of Statistics I
Credits: 4.0 [max 4.0]
Course Equivalencies: Math 5651/Stat 4101/5101
Typically offered: Every Fall
Random variables/distributions. Generating functions. Standard distribution families. Data summaries. Sampling distributions. Likelihood/sufficiency. prereq: Math 1272
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: Math 5651/Stat 4101/5101
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
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 3960 - Topics in Economics
Credits: 3.0 [max 6.0]
Typically offered: Every Fall
Topics specified in Class Schedule. prereq: [1101, 1102] or equiv
ECON 4171 - History of Economic Thought
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Primarily a critical reading course. Smith, Ricardo, Malthus, Marx. Neoclassicists, Keynes, mercantilist/physiocratic doctrines. Modern theory. prereq: [3101, 3102] or equiv
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 4313 - The Russian Economy
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Main features of Soviet economic system, its economic development from 1971 to 1980s. Collapse of Soviet Union in 1991. Recent economic reforms adopted by Russia and Commonwealth of Independent States. Russia's relations with world. prereq: [1101, 1102] or equiv
ECON 4315 - The Japanese Economy
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Economic development following contact with western civilization. Trade, development/growth, population growth, capital formation, international economic relations, agricultural/industrial policies. Role of government in economy. Current issues. prereq: [1101, 1102] or equiv
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 4821 - Public Economics
Credits: 3.0 [max 3.0]
Course Equivalencies: 00030 - Econ 3801/Econ 4821/Econ 4821H
Typically offered: Every Fall & 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: Econ 4611H/4831
Typically offered: Every Fall & Spring
Evaluation of benefits/costs of public projects/programs. Issues connected with definition/measurement of benefits/costs. Rate of return/discount. Market imperfections, risk, uncertainty. Case studies. prereq: 3101 or equiv
ECON 4960 - Topics in Economics
Credits: 3.0 [max 6.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
Topics specified in Class Schedule. prereq: [3101 or 3102 or equiv], MATH 1271
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
ECON 4741H - Honors: Quantitative Analysis of the Macroeconomy
Credits: 4.0 [max 4.0]
Typically offered: Every Fall
Development/calibration of growth model. Effects of policies on output, employment, and other aggregate variables. Documentation of business cycle facts. Estimation of business cycles' cost. Real business theory. Prediction of business cycle facts. Money in augmented model. prereq: [[3101, 3102] or equiv], [Stat 3011 or equiv]
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 4431V - Honors Course: International Trade (GP, WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: 01974 - Econ 4431W/Econ 4431V
Typically offered: Periodic Spring
Theories of trade/explanations of trade patterns. Trade restrictions. Commercial policy. International factor movements. Economic growth/development. Multinational corporations. Regional integration. prereq: [3101, 3102] or equiv, Math 1271, completion of freshman writing practice
ECON 4631 - Industrial Organization and Antitrust Policy
Credits: 3.0 [max 3.0]
Course Equivalencies: Econ 3601/4631
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 4631H - Honors Course: Industrial Organization and Antitrust Policy
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 3601/4631
Typically offered: Every Fall & Spring
Economic aspects of antitrust and related policies. Relations between market structure, economic efficiency, and welfare. Economic origins of monopoly and other restraints on competition. Purposes/effects of antitrust/related legislation. prereq: 3101 or equiv
ECON 4721 - Money and Banking
Credits: 3.0 [max 3.0]
Course Equivalencies: 00029 - Econ 3701/4721
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 policy. prereq: [3101, 3102] or equiv
ECON 4721H - Honors Course: Money and Banking
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 3701/4721
Typically offered: Every Spring
Theories of money demand and money supply. Financial intermediation, banking, nonbank financial institutions, banking practices, bank regulation, international banking, role of Federal Reserve system. Monetary policy. prereq: [3101 or equiv]; Math 1271
ECON 4731 - Macroeconomic Policy
Credits: 3.0 [max 3.0]
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 4731H - Honors Course: Macroeconomic Policy
Credits: 4.0 [max 4.0]
Typically offered: Periodic Fall & Spring
Monetary vs. fiscal policy debate in context of underlying macroeconomic theory controversy. Comparison of Keynesian, Monetarist, and Classical theories. Rational expectations, policy ineffectiveness, time inconsistency, rules versus discretion, budget deficits. Unemployment and inflation. prereq: [[3101, 3102] or equiv], Math 1271, honors
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]
MATH 4065 - Theory of Interest
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Time value of money, compound interest and general annuities, loans, bonds, general cash flows, basic financial derivatives and their valuation. Primarily for students who are interested in actuarial mathematics. prereq: 1272 or 1372 or 1572
ECON 4109H - Honors Course: Game Theory and Applications
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall
Games. Normal form, extensive form. Wars of attrition. Games of timing. Bargaining applications in industrial organization, macroeconomics, and international economics. prereq: [[3101, 3102]] or equiv], [[MATH 1271, MATH 1272] or equiv]
ECON 4113 - Introduction to Mathematical Economics
Credits: 4.0 [max 4.0]
Course Equivalencies: 02006
Typically offered: Every Fall & Spring
Development of selected models of economic behavior in mathematical terms. Topics selected to illustrate advantages of mathematical formulation. prereq: [[3101, 3102] or equiv], [[MATH 1271, MATH 1272, MATH 2243] or equiv]
ECON 4431V - Honors Course: International Trade (GP, WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: 01974 - Econ 4431W/Econ 4431V
Typically offered: Periodic Spring
Theories of trade/explanations of trade patterns. Trade restrictions. Commercial policy. International factor movements. Economic growth/development. Multinational corporations. Regional integration. prereq: [3101, 3102] or equiv, Math 1271, completion of freshman writing practice
ECON 4621H - Honors Course: Urban Economics
Credits: 4.0 [max 4.0]
Course Equivalencies: 01978
Typically offered: Periodic Spring
Economics of urbanization. Location of economic activity and cities. Central place theory. Site rents and form of city. Urban economic base and economic policy. Urban problems and economic policies: transportation, poverty/segregation, housing, public finance. prereq: 3101 or equiv
ECON 4631H - Honors Course: Industrial Organization and Antitrust Policy
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 3601/4631
Typically offered: Every Fall & Spring
Economic aspects of antitrust and related policies. Relations between market structure, economic efficiency, and welfare. Economic origins of monopoly and other restraints on competition. Purposes/effects of antitrust/related legislation. prereq: 3101 or equiv
ECON 4721H - Honors Course: Money and Banking
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 3701/4721
Typically offered: Every Spring
Theories of money demand and money supply. Financial intermediation, banking, nonbank financial institutions, banking practices, bank regulation, international banking, role of Federal Reserve system. Monetary policy. prereq: [3101 or equiv]; Math 1271
ECON 4731H - Honors Course: Macroeconomic Policy
Credits: 4.0 [max 4.0]
Typically offered: Periodic Fall & Spring
Monetary vs. fiscal policy debate in context of underlying macroeconomic theory controversy. Comparison of Keynesian, Monetarist, and Classical theories. Rational expectations, policy ineffectiveness, time inconsistency, rules versus discretion, budget deficits. Unemployment and inflation. prereq: [[3101, 3102] or equiv], Math 1271, honors
ECON 4741H - Honors: Quantitative Analysis of the Macroeconomy
Credits: 4.0 [max 4.0]
Typically offered: Every Fall
Development/calibration of growth model. Effects of policies on output, employment, and other aggregate variables. Documentation of business cycle facts. Estimation of business cycles' cost. Real business theory. Prediction of business cycle facts. Money in augmented model. prereq: [[3101, 3102] or equiv], [Stat 3011 or equiv]
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 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