The Economics Department

ECO 301 • Introduction To Economics

34070 • Hickenbottom, Wayne
Meets MWF 10:00AM-11:00AM FAC 21
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This course will be a mixture of both Micro and Macro Economics.  Students who wish to be an Economics major MAY NOT use this course toward the major and should take ECO 304K and ECO 304L.

  • Students will learn how economists describe and measure the economy, in the aggregate, as well as specific markets such as the labor market, the housing market, financial markets, and international trade.  Concepts for measurement and data will be covered.
  • Students will learn how economists organize their analysis of economic choices by thinking about how individuals (i) respond to incentives, (ii) seek out exchange in markets, and (iii) form, and participate in, various economic institutions.
  • Students will learn how to think about strategic behavior (for example, markets with a small number of firms, or negotiating trade agreements among a small number of countries).
  • Students will learn about “externalities” and “public goods,” which, by conferring costs or benefits that are not appropriated by individuals or that are “non-rival” in nature (for example, once discovered, a technology can be used by many at the same time), provide reasons for government regulation, taxation, and government-provided goods and services.

ECO 304K • Introduction To Microeconomics

34080 • Houghton, Stephanie
Meets TTH 11:00AM-12:30PM
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ANALYSIS OF THE ECONOMIC BEHAVIOR OF INDIVIDUAL CONSUMERS, FIRMS, AND WORKERS; SPECIAL ATTENTION TO THE ROLE OF MARKETS.

DESIGNED TO ACCOMMODATE 100 OR MORE STUDENTS.

This course provides an introduction to the theory of how consumers and business firms behave in the market economy. The topics include demand and supply in a competitive market, optimal consumption choice by the individual household given its budget constraint, the producer's costs and output decisions, the demand for labor and other inputs, and economic outcomes under product demand structures ranging from perfect competition to pure monopoly. For specific instructor syllabi and requirements, contact individual instructor.


ECO 304K • Introduction To Microeconomics

34084 • Shamoun, Dima
Meets TTH 3:30PM-5:00PM CLA 0.112
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ANALYSIS OF THE ECONOMIC BEHAVIOR OF INDIVIDUAL CONSUMERS, FIRMS, AND WORKERS; SPECIAL ATTENTION TO THE ROLE OF MARKETS.

DESIGNED TO ACCOMMODATE 100 OR MORE STUDENTS.

This course provides an introduction to the theory of how consumers and business firms behave in the market economy. The topics include demand and supply in a competitive market, optimal consumption choice by the individual household given its budget constraint, the producer's costs and output decisions, the demand for labor and other inputs, and economic outcomes under product demand structures ranging from perfect competition to pure monopoly. For specific instructor syllabi and requirements, contact individual instructor.


ECO 304L • Introduction To Macroeconomics

34090 • Mostashari, Shalah
Meets TTH 2:00PM-3:30PM JES A121A
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ANALYSIS OF THE ECONOMY AS A WHOLE (ITS ORGANIZATION AND THE BASIC FORCES INFLUENCING ITS GROWTH AND DEVELOPMENT); MONEY AND BANKING, NATIONAL INCOME, PUBLIC FINANCE, AND INTERNATIONAL LINKAGES.

PREREQUISITE: ECONOMICS 304K WITH A GRADE OF AT LEAST C-.

DESIGNED TO ACCOMMODATE 100 OR MORE STUDENTS.

This course is designed to introduce students to the vocabulary, concepts and models of analysis of macroeconomics. We will discuss the behavior of the aggregate economy, particularly the Gross Domestic Product; Consumption; Savings; Investment,Unemployment; Inflation; the role of the Monetary System and and Policy, the role of Taxes, Government Spending and Fiscal Policy; the National Debt and Government Budget Deficits and Surpluses; Exports, Imports and International Trade.

 


ECO 304L • Introduction To Macroeconomics

34085 • Mostashari, Shalah
Meets TTH 11:00AM-12:30PM BUR 106
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ANALYSIS OF THE ECONOMY AS A WHOLE (ITS ORGANIZATION AND THE BASIC FORCES INFLUENCING ITS GROWTH AND DEVELOPMENT); MONEY AND BANKING, NATIONAL INCOME, PUBLIC FINANCE, AND INTERNATIONAL LINKAGES.

PREREQUISITE: ECONOMICS 304K WITH A GRADE OF AT LEAST C-.

DESIGNED TO ACCOMMODATE 100 OR MORE STUDENTS.

This course is designed to introduce students to the vocabulary, concepts and models of analysis of macroeconomics. We will discuss the behavior of the aggregate economy, particularly the Gross Domestic Product; Consumption; Savings; Investment,Unemployment; Inflation; the role of the Monetary System and and Policy, the role of Taxes, Government Spending and Fiscal Policy; the National Debt and Government Budget Deficits and Surpluses; Exports, Imports and International Trade.

 


ECO 320L • Macroeconomic Theory

34155 • Trinque, Brian
Meets MWF 8:00AM-9:00AM WAG 214
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THEORY OF THE DETERMINATION OF NATIONAL INCOME, EMPLOYMENT, AND THE PRICE LEVEL, WITH POLICY IMPLICATIONS. REQUIRED OF STUDENTS MAJORING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

The purpose of this course is to further students' understanding of the central ideas of macroeconomics.  We will study long-run economic growth and short-run economic fluctuations.  Once we have a basic understanding of these phenomena, we will discuss the main macroeconomic tools of the government, fiscal policy and monetary policy.  By the end of the semester, students should be able to critically read articles on current economic issues that appear in publications such as The New York Times, The Wall Street Journal, and The Economist.


ECO 320L • Macroeconomic Theory

34145 • Civelli, Andrea
Meets MW 3:30PM-5:00PM CLA 0.102
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THEORY OF THE DETERMINATION OF NATIONAL INCOME, EMPLOYMENT, AND THE PRICE LEVEL, WITH POLICY IMPLICATIONS. REQUIRED OF STUDENTS MAJORING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

The purpose of this course is to further students' understanding of the central ideas of macroeconomics.  We will study long-run economic growth and short-run economic fluctuations.  Once we have a basic understanding of these phenomena, we will discuss the main macroeconomic tools of the government, fiscal policy and monetary policy.  By the end of the semester, students should be able to critically read articles on current economic issues that appear in publications such as The New York Times, The Wall Street Journal, and The Economist.


ECO 320L • Macroeconomic Theory

34140 • Civelli, Andrea
Meets MW 12:30PM-2:00PM WAG 420
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THEORY OF THE DETERMINATION OF NATIONAL INCOME, EMPLOYMENT, AND THE PRICE LEVEL, WITH POLICY IMPLICATIONS. REQUIRED OF STUDENTS MAJORING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

The purpose of this course is to further students' understanding of the central ideas of macroeconomics.  We will study long-run economic growth and short-run economic fluctuations.  Once we have a basic understanding of these phenomena, we will discuss the main macroeconomic tools of the government, fiscal policy and monetary policy.  By the end of the semester, students should be able to critically read articles on current economic issues that appear in publications such as The New York Times, The Wall Street Journal, and The Economist.


ECO 320L • Macroeconomic Theory

34160 • Schwartzman, Felipe
Meets TTH 3:30PM-5:00PM PAI 2.48
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THEORY OF THE DETERMINATION OF NATIONAL INCOME, EMPLOYMENT, AND THE PRICE LEVEL, WITH POLICY IMPLICATIONS. REQUIRED OF STUDENTS MAJORING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

The purpose of this course is to further students' understanding of the central ideas of macroeconomics.  We will study long-run economic growth and short-run economic fluctuations.  Once we have a basic understanding of these phenomena, we will discuss the main macroeconomic tools of the government, fiscal policy and monetary policy.  By the end of the semester, students should be able to critically read articles on current economic issues that appear in publications such as The New York Times, The Wall Street Journal, and The Economist.


ECO 321 • Public Economics

34165 • Schneider, Helen
Meets MWF 1:00PM-2:00PM CLA 1.104
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STUDY OF APPROPRIATE ALLOCATIONS OF ECONOMIC ACTIVITY BETWEEN GOVERNMENT (FEDERAL, STATE, AND LOCAL) AND THE PRIVATE SECTOR. THE WORKINGS OF SOCIAL SECURITY, WELFARE, EDUCATION, POLLUTION CONTROL, DEREGULATION, TAXATION; AND PROPOSALS FOR REFORM.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

 


ECO 321 • Public Economics

34170 • Schneider, Helen
Meets MWF 2:00PM-3:00PM CLA 1.104
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STUDY OF APPROPRIATE ALLOCATIONS OF ECONOMIC ACTIVITY BETWEEN GOVERNMENT (FEDERAL, STATE, AND LOCAL) AND THE PRIVATE SECTOR. THE WORKINGS OF SOCIAL SECURITY, WELFARE, EDUCATION, POLLUTION CONTROL, DEREGULATION, TAXATION; AND PROPOSALS FOR REFORM.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

 


ECO 322 • Money And Banking

34175 • Trinque, Brian
Meets MWF 10:00AM-11:00AM SAC 5.102
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THE ROLE OF MONEY AND DEPOSITORY INSTITUTIONS IN THE ECONOMY; INTRODUCTION TO FINANCIAL AND MONETARY THEORY AND POLICY. ONLY ONE OF THE FOLLOWING MAY BE COUNTED: ECONOMICS 322, FINANCE 354, 354H.

PREREQUISITE: ECONOMICS 420K AND 320L WITH A GRADE OF AT LEAST C- IN EACH.

This course is about economic wealth: its various forms (called assets), the institutions that create, own, and exchange wealth, the government policies that regulate the behavior of these institutions, and the social origins and consequences of these assets, institutions, and policies. Financial assets-including but not limited to money-exist as stores of value, linking the production of goods in the present to the production and consumption of goods in the future. The focus of this course is on the challenge wealth presents to society: the need to ensure thta the public can assess with reasonable accuracy the various rates of return on financial assets. So long as financial assets, on average, meet people's expectations, people will seek to acquire and be willing to hold them. The resulting demand for financial assets is simultaneously a reflection of the public's confidence in them and a principal determinant of their rates of return. The origins and evolution of assets, institutions, and policies may be understood as an endless search for socially effective and privately profitable means of managing the risky task of betting on the future.


ECO 323T • Economic History Of The US

34180 • Van Horn, Patrick
Meets TTH 8:00AM-9:30AM UTC 3.102
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Study of economic development, emphasizing more recent periods; causal factors, emerging problems, and major policy issues. Three lecture hours a week for one semester. May be repeated for credit when the topics vary. Prerequisite: Economics 304K and 304L with a grade of at least C- in each.


ECO 324 • Intro To Labor Economics

34185 • Trejo, Stephen
Meets TTH 2:00PM-3:30PM BUR 212
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STUDY OF LABOR IN INDUSTRIAL SOCIETIES, WITH EMPHASIS ON PRINCIPLES, INSTITUTIONS, AND POLICIES FOR UNDERSTANDING LABOR AND PERSONNEL PROBLEMS.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

 


ECO 327 • Comparative Economic Systems

34200 • Trinque, Brian
Meets TTH 12:30PM-2:00PM CBA 4.326
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THEORIES OF AND PRACTICES IN THE PRINCIPAL TYPES OF ECONOMIC SYSTEMS.

PREREQUISITE: ECONOMICS 304K AND 304L WITH A GRADE OF AT LEAST C- IN EACH.

This course is a writing workshop and seminar focusing on economic systems, national and global. The principal objective of the course is to enable your engagement with the scholarly literature on economic systems - that is, to learn how to learn from relevant experts. Secondary course objectives include deepening your understanding of economic systems, exercising your talents in information retrieval and processing, and sharpening your writing skills. Economic transition is an important phenomenon of the 21st century. In a large and expanding number of countries, a transition process is underway or, at least, under discussion. This transition is away from economic systems based on personal authority and inter-personal loyalties toward an economic system based on self-interested and self-reliant competitive struggle under a de-personalized rule of law. Such transitions are altering the global economy and affecting specific societies as diverse as Mexico, Germany, Uganda, Russia, India, and Japan. This course sets aside the contentious debates over the feasibility and desirability of economic transition, attempting instead to understand transition as an historical process. The focus of the course is on two instances of such transition. What caused Great Britain to become the pioneer of transition? What explains the peculiar characteristics of Japan's economic system? In our approach to these specific cases, we examine selected aspects of the evolution of economic systems from ancient times to the present. During the first two-thirds of the semester, lectures will address economic transition as well as practical tips on accessing the literature and composing a coherent term paper. Thereafter, most class meetings will consist of presentations by students of their work-in-progress.


ECO 328 • Industrial Organization

34207 • Miravete, Eugenio
Meets TTH 2:00PM-3:30PM WAG 214
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THE ORGANIZATION OF INDUSTRIES AND MARKETS: COMPETITION, MONOPOLY, AND OLIGOPOLY; ANTITRUST POLICY AND ITS ALTERNATIVES.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

Industrial Organization is the study of imperfectly competitive markets. In this course, we will analyze the behavior on economic agents (consumers and firms) in such settings, as well as policy issues that arise therein. Topics we will cover include monopoly, oligopoly, product differentiation, entry deterrence, and the role of asymmetric information. Calculus and game theory will be our primary analytical tools. The goal of the course is to develop your understanding of the forces at work in many kinds of market interactions, as well as to foster your ability to think critically.If more information is needed contact instructor.


ECO 329 • Economic Statistics

34210 • Bencivenga, Valerie
Meets TTH 3:30PM-5:00PM BUR 106
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METHODS OF STATISTICAL ANALYSIS AND INTERPRETATION OF QUANTITATIVE DATA IN THE FIELD OF ECONOMICS. REQUIRED OF ECONOMICS MAJORS.

PREREQUISITE: ECONOMICS 304K AND 304L WITH A GRADE OF AT LEAST C- IN EACH, AND MATHEMATICS 408C AND 408D, OR MATHEMATICS 408K AND 408L, WITH A GRADE OF AT LEAST C- IN EACH.

Economics 329 is an introduction to Economic Statistics. The aim of the course is to familiarize students with methods of summarizing collections of measurements (data sets) of economic, political and business phenomena. Of particular concern will be an introduction to elementary probability theory and its use in the interpretation of summary statistics (inference) obtained from statistical data sets. A number of economic, political and business applications will be used to illustrate the methods. If more information is needed contact instructor.


ECO 330T • Economics Of Health

34225 • Schneider, Helen
Meets MWF 10:00AM-11:00AM CLA 1.106
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OPEN TO NONMAJORS. TOPICS MAY INCLUDE ECONOMIC THEORY, APPLICATIONS, AND POLICY. ECONOMICS 330T AND 350K MAY NOT BOTH BE COUNTED UNLESS THE TOPICS VARY.
 

 


ECO 330T • Eurpn Sovereign Debt Crises

34215 • Bencivenga, Valerie
Meets TTH 9:30AM-11:00AM CLA 1.104
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OPEN TO NONMAJORS. TOPICS MAY INCLUDE ECONOMIC THEORY, APPLICATIONS, AND POLICY. ECONOMICS 330T AND 350K MAY NOT BOTH BE COUNTED UNLESS THE TOPICS VARY.
 

 


ECO 330T • Political Economy

34224 • Hickenbottom, Wayne
Meets MWF 12:00PM-1:00PM SZB 278
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OPEN TO NONMAJORS. TOPICS MAY INCLUDE ECONOMIC THEORY, APPLICATIONS, AND POLICY. ECONOMICS 330T AND 350K MAY NOT BOTH BE COUNTED UNLESS THE TOPICS VARY.
 

 


ECO 330T • Political Economy

34223 • Hickenbottom, Wayne
Meets MWF 1:00PM-2:00PM SZB 278
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OPEN TO NONMAJORS. TOPICS MAY INCLUDE ECONOMIC THEORY, APPLICATIONS, AND POLICY. ECONOMICS 330T AND 350K MAY NOT BOTH BE COUNTED UNLESS THE TOPICS VARY.
 

 


ECO 341K • Introduction To Econometrics

34250 • Han, Sukjin
Meets MW 2:00PM-3:30PM CLA 0.128
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INTRODUCES THE STUDENT TO STANDARD REGRESSION PROCEDURES OF PARAMETER ESTIMATION AND HYPOTHESIS TESTING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K AND 329 WITH A GRADE OF AT LEAST C- IN EACH.

Econometrics is an application of statistical methods to the estimation of economic relationships. Students are expected to have an understanding of both statistics and economic theory. This course reveals how relationships among economic variables are discerned from data. The primary focus of this course is on estimation methodology. If more information is needed contact instructor.


ECO 341K • Introduction To Econometrics

34240 • Han, Sukjin
Meets MW 11:00AM-12:30PM WEL 2.304
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INTRODUCES THE STUDENT TO STANDARD REGRESSION PROCEDURES OF PARAMETER ESTIMATION AND HYPOTHESIS TESTING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K AND 329 WITH A GRADE OF AT LEAST C- IN EACH.

Econometrics is an application of statistical methods to the estimation of economic relationships. Students are expected to have an understanding of both statistics and economic theory. This course reveals how relationships among economic variables are discerned from data. The primary focus of this course is on estimation methodology. If more information is needed contact instructor.


ECO 341K • Introduction To Econometrics

34255 • Kline, Brendan
Meets TTH 2:00PM-3:30PM GSB 2.126
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INTRODUCES THE STUDENT TO STANDARD REGRESSION PROCEDURES OF PARAMETER ESTIMATION AND HYPOTHESIS TESTING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K AND 329 WITH A GRADE OF AT LEAST C- IN EACH.

Econometrics is an application of statistical methods to the estimation of economic relationships. Students are expected to have an understanding of both statistics and economic theory. This course reveals how relationships among economic variables are discerned from data. The primary focus of this course is on estimation methodology. If more information is needed contact instructor.


ECO 341K • Introduction To Econometrics

34245 • Kline, Brendan
Meets TTH 11:00AM-12:30PM WAG 214
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INTRODUCES THE STUDENT TO STANDARD REGRESSION PROCEDURES OF PARAMETER ESTIMATION AND HYPOTHESIS TESTING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K AND 329 WITH A GRADE OF AT LEAST C- IN EACH.

Econometrics is an application of statistical methods to the estimation of economic relationships. Students are expected to have an understanding of both statistics and economic theory. This course reveals how relationships among economic variables are discerned from data. The primary focus of this course is on estimation methodology. If more information is needed contact instructor.


ECO 349K • Law And Economics

34259 • Shamoun, Dima
Meets TTH 11:00AM-12:30PM PAR 203
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This course will provide economic analysis of the theory and practice of the development of a legal system. Students will gain an understanding of the modern economic analysis of law; an ability to read and understand case law; and an ability to understand and analyze legal outcomes using economic theory. No prior knowledge of the law is required. No knowledge of Game Theory is necessary; however, the course will cover recent applications from the game theoretic perspective.

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ECO 350K • Econ Prins Of Decisions

34260 • Hatfield, John
Meets MW 2:00PM-3:30PM GSB 2.122
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ECO 350K • Econ Prins Of Decisions

34265 • Hatfield, John
Meets MW 3:30PM-5:00PM GSB 2.122
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ECO 359M • Envir And Natural Resource Eco

34285 • Stinchcombe, Maxwell
Meets MW 2:00PM-3:30PM CLA 1.106
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OPTIMAL USE OF EXHAUSTIBLE AND RENEWABLE RESOURCES; VALUATION OF NONMARK ETED ENVIR AMENITIES; ECON OF POLLUTION CONTROL INSTRUMENTS; ENVIR QUALI TY AND INTNATL TRADE; ECON OF GLOBAL CLIMATE CHANGE; POLLUTION CONTROL.

PREREQUISITE: ECO 420K AND 329 WITH A GRADE OF AT LEAST C- IN EACH.

This course will study the economics of public policy toward natural resources and the environment. It is designed primarily for advanced undergraduates in economics. Prerequisites include microeconomics and calculus. We will start with the concepts of externalities, public goods, property rights, market failure, and social cost-benefit analysis. Within this framework, we will consider a few additional problems such as information, uncertainty, and risk analysis. The first set of applications of these tools will involve natural resources. Other applications include air pollution, water pollution, solid waste management, and hazardous substances. In addressing each of these problems, we will compare public policy responses such as administrative regulation, marketable permits, tax incentives, and direct subsidies.


ECO 379H • Honors Tutorial Course II

34305
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SUPERVISED INDIVIDUAL READING, RESEARCH, AND WRITING OF A SUBSTANTIAL PAPER ON A SPECIAL TOPIC IN THE FIELD OF ECONOMICS.

PREREQUISITE: ECONOMICS 378H.

MAY BE COUNTED TOWARD THE INDEPENDENT INQUIRY FLAG REQUIREMENT.

CONTAINS A SUBSTANTIAL WRITING COMPONENT AND FULFILLS PART OF THE BASIC EDUCATION REQUIREMENT IN WRITING.


ECO 420K • Microeconomic Theory

34120-34125 • Oettinger, Gerald
Meets MW 12:30PM-2:00PM UTC 3.124
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A SURVEY OF NEOCLASSICAL AND CONTEMPORARY THEORIES OF THE PRINCIPAL DETERMINANTS OF PRICES AND OF THE ROLE OF PRICES IN ECONOMIC ORGANIZATION. REQUIRED OF STUDENTS MAJORING IN ECONOMICS.

PREREQUISITE: Economics 304K and 304L with a grade of at least C- in each; Economics 329 with a grade of at least C; and Mathematics 408C and408D, or 408K and 408L, or 408N and 408S, with a grade of at least C- ineach.

The primary objective of the course is to study contemporary theories of the principal determinants of prices and the role of prices in economic organization. The course will emphasize the fundamental concepts of microeconomics and provide concrete examples of their application. The course will cover the demand and supply theories for competitive markets, some instances of market power, basics of the game theory, choice under uncertainty, and equilibrium in an exchange and production economy.


ECO 420K • Microeconomic Theory

34138-34139 • Thompson, John
Meets MW 8:00AM-9:30AM WAG 201
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A SURVEY OF NEOCLASSICAL AND CONTEMPORARY THEORIES OF THE PRINCIPAL DETERMINANTS OF PRICES AND OF THE ROLE OF PRICES IN ECONOMIC ORGANIZATION. REQUIRED OF STUDENTS MAJORING IN ECONOMICS.

PREREQUISITE: Economics 304K and 304L with a grade of at least C- in each; Economics 329 with a grade of at least C; and Mathematics 408C and408D, or 408K and 408L, or 408N and 408S, with a grade of at least C- ineach.

The primary objective of the course is to study contemporary theories of the principal determinants of prices and the role of prices in economic organization. The course will emphasize the fundamental concepts of microeconomics and provide concrete examples of their application. The course will cover the demand and supply theories for competitive markets, some instances of market power, basics of the game theory, choice under uncertainty, and equilibrium in an exchange and production economy.