The Economics Department

Svetlana Boyarchenko


Associate ProfessorPh.D., University of Pennsylvania

Svetlana Boyarchenko

Contact

Courses


ECO 369F • Financial Economics

34380 • Fall 2017
Meets MW 2:00PM-3:30PM CBA 4.324

ECONOMIC ANALYSIS OF THE OPERATION OF FINANCIAL MARKETS, INCLUDING ARBITRAGE THEORY, ASSET PRICING, AND CORPORATE FINANCE.

PREREQUISITE: ECONOMICS 420K, 320L, AND 329 WITH A GRADE OF AT LEAST C- IN EACH; ECONOMICS 322 IS RECOMMENDED.

The course covers the general principles of financial economics and lays out the foundation for more specialized courses to be taken in the future. It is built around the foundations of financial economics? the time value of money, asset valuation and risk management. The course specifically deals with optimization over time, discounted cash flow analysis, asset valuation, futures markets, portfolio theory, options pricing, options strategies and capital structure. An emphasis is put on the application of these financial concepts to decisions faced by households and firms.

S S 301 • Econ: Decisions/Uncertainty

42750 • Fall 2017
Meets MW 12:30PM-2:00PM CBA 4.344

Description:

Leadership and decision making go hand in hand. The goal of the course is to provide an introduction to the modern decision theory, in which mathematical methods of statistics and economics are integrated with findings from psychology. The course will offer tools for improving individual decision making, avoiding mistakes when taking calculated risks, and better understanding the decisions of others. We will start with the decision theory in case of the objective uncertainty, or risk, which deals with situations where we do not know the outcome of a given situation, but can accurately measure the odds. We will discuss risk attitude of individuals and then look at various examples, mainly provided by psychologists, in which the classical decision theory is violated. We will also discuss mistakes which people make when working with statistical data. Decision making is rather a process than a one-time event. Optimal timing of actions is an essential part of decision making. We will consider such examples as timing fixed size investment in a risky project, strategic default on corporate debt, optimal switching from one cash flow to another, and investment with and embedded option of default. The recent financial crisis happened partly due to inability of financial institutions to evaluate the riskiness of their investment decisions. In particular, this crisis has cast new attention on subjective uncertainty. The second part of the course will be dedicated to the subjective uncertainty, i.e., situations where we cannot infer all the information we need in order to set accurate odds statistically from existing data. We will discuss by which extent the mathematical tools of probability theory can be used in such situations. Single and multiple subjective priors models will be presented. The course will culminate with a flexible expected utility theory, which incorporates several well known models of expected utility.

 

Possible Readings:

The required text book is I. Gilboa, “Making Better Decisions: Decision Theory in Practice,” Wiley-Blackwell, 2011

Also, required readings are Lecture notes posted in due time on Canvas Additional text books:
• A useful complementary text for those who have more philosophical state of mind is M. Peterson, “An Introduction to Decision Theory,” Cambridge University Press, 2009 1 2
• A useful complementary text for those who have more analytical state of mind is K. Binmore, “Rational Decisions,” Princeton University Press, 2009

 

Course Requirements:

Course Expectations: By the end of the course, students should be able to
• understand the difference between objective and subjective uncertainty
• solve basic decision problems that involve maximization of expected utility
• solve basic problems of optimal timing of decisions
• understand various behavioral biases in decision making process

Assessment:
• regular problem sets that allow students to sharpen their analytical and quantitative skills;
• in-class group and individual assignments;
• one midterm exam (8th week of the semester) to test problem solving skills;
• two writing assignments;
• the final writing project.

Two weeks after we finish the topic on optimal timing of decisions, each student has to submit two copies a research proposal (two A4 pages single spaced), where one of the real life timing problems is to be analyzed. Proposals may include, but are not limited to, real investment opportunities or insurance contracts, entry into a new market, capital accumulation, product or project innovations, default on household or sovereign debt, exit from a declining industry, quitting an old job and accepting a new offer, natural resource extraction. Each student is supposed to clearly formulate the nature of the problem and argue its importance, discuss which model of risk is appropriate to solve the problem and sketch the method of solution. One copy will be revised by me and returned to the student with comments. Another copy should be a blind copy; it will be assigned by me to an “anonymous referee” (another student in class), and the “referee” is expected to write a detailed report on the proposal (one A4 page single spaced) with comments and suggestions a week after (s)he gets the assignment. “Referee reports” will be given to students as additional feedback and will be evaluated by me.

During the last week of the class, students will submit their final projects (five-six A4 pages single spaced), where they will present solution to the model they proposed earlier taking into account suggestions by their “referee” and my comments; moreover, students are supposed to evaluate at least one of the following modifications: (i) how conclusions of their model may change if one replaces risk with a subjective uncertainty model, or (ii) what happens in case of a multiple priors model, or (iii) what happens if one of the behavioral biases is present. All writing assignments will be judged by me both by content and writing skills. In addition to writing skills, the final project should also demonstrate strong quantitative and analytical skills.

There will be no make-up date for the midterm. In case a student misses the exam for a documented illness, emergency, a religious observance or other university-approved reason, (s)he will be given an additional “referee report” to write. The final score will be the weighted sum of the following:
• problem sets 10% (total)
• class assignments 10% (total)
• midterm 20%
• research proposal 20%
• referee report 20%
• final project 20%

I will use Plus/Minus grading for the final grade. “A” range will cover scores 80-100, “B” range will cover scores 60-80, “C” range will cover scores 40-60, “D” range will cover scores 20-40. Students who get a score less than 20 will be assigned “F”s.

 

Autobiography:

I received an MSc in Mathematics (1978) and a PhD in Mathematics (1983) from the Rostov State University (now part of the South Federal University), Rostov-on-Don, Russia. I had a 10 year teaching experience, starting as an assistant professor and ending as an associate professor, at the Don State Technical University, Rostov-on-Don-Russia. I earned my MA degree in Economics (1997) from the Central European University, Budapest Hungary, and was admitted that year into a PhD program in Economics at the University of Pennsylvania, Philadelphia, U.S.A. Upon completion of my Ph.D. in Economics in 2001, I co-authored a novel approach to optimal stopping problems that works for wide classes of L´evy processes with regime shifts and random walks, and general payoff functions. This method is more efficient than the standard technique even in the case of Gaussian processes. It can be explained to different audiences, from undergraduate students to professionals, at an appropriate level of rigorousness. Furthermore, the method provides solutions to optimal stopping problems in a more meaningful form. To be more specific, in a paper published in the American Economic Review (2004), I formulated the record setting news principles that extend and generalize Bernanke’s bad news principle.

I also co-authored the generalized Black-Scholes equation for a wide class of non-Gaussian processes and the KoBol model of asset prices, which is quite popular in finance, and subclass of which is known as the CGMY model.

The results were published in two monographs and a number of papers in peer-reviewed journals, including American Economic Review, Games and Economic Behavior, Economic Theory, International Economic Review, and Journal of Mathematical Economics. My results were also presented at numerous international conferences . I have been recently asked to write a survey paper on the frontiers of Real Options by the Editor-in-Chief of The B.E. Journal of Theoretical Economics.

While teaching at the Economics Department at UT Austin, I was awarded an NSF grant (2006, 24 months), College of Liberal Arts Research Fellowship Award 2016-17, Big XII Faculty Fellowship 2006-07, and Faculty Development Program Summer Research Assignment award, 2005 and 2002.

My current research interests are efficient option pricing methods, optimal stopping problems under risk and uncertainty, stopping time games and experimentation and learning models. My non-academic interests include reading, classical music and traveling.

ECO 369F • Financial Economics

34135 • Fall 2016
Meets MW 2:00PM-3:30PM CLA 0.112

ECONOMIC ANALYSIS OF THE OPERATION OF FINANCIAL MARKETS, INCLUDING ARBITRAGE THEORY, ASSET PRICING, AND CORPORATE FINANCE.

PREREQUISITE: ECONOMICS 420K, 320L, AND 329 WITH A GRADE OF AT LEAST C- IN EACH; ECONOMICS 322 IS RECOMMENDED.

The course covers the general principles of financial economics and lays out the foundation for more specialized courses to be taken in the future. It is built around the foundations of financial economics? the time value of money, asset valuation and risk management. The course specifically deals with optimization over time, discounted cash flow analysis, asset valuation, futures markets, portfolio theory, options pricing, options strategies and capital structure. An emphasis is put on the application of these financial concepts to decisions faced by households and firms.

ECO 420K • Microeconomic Theory

33306-33307 • Spring 2016
Meets MW 11:00AM-12:30PM UTC 3.124

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 369F • Financial Economics

33395 • Fall 2015
Meets MW 2:00PM-3:30PM UTC 3.134

ECONOMIC ANALYSIS OF THE OPERATION OF FINANCIAL MARKETS, INCLUDING ARBITRAGE THEORY, ASSET PRICING, AND CORPORATE FINANCE.

PREREQUISITE: ECONOMICS 420K, 320L, AND 329 WITH A GRADE OF AT LEAST C- IN EACH; ECONOMICS 322 IS RECOMMENDED.

The course covers the general principles of financial economics and lays out the foundation for more specialized courses to be taken in the future. It is built around the foundations of financial economics? the time value of money, asset valuation and risk management. The course specifically deals with optimization over time, discounted cash flow analysis, asset valuation, futures markets, portfolio theory, options pricing, options strategies and capital structure. An emphasis is put on the application of these financial concepts to decisions faced by households and firms.

ECO 369F • Financial Economics

33655 • Spring 2015
Meets MW 9:30AM-11:00AM UTC 3.124

ECONOMIC ANALYSIS OF THE OPERATION OF FINANCIAL MARKETS, INCLUDING ARBITRAGE THEORY, ASSET PRICING, AND CORPORATE FINANCE.

PREREQUISITE: ECONOMICS 420K, 320L, AND 329 WITH A GRADE OF AT LEAST C- IN EACH; ECONOMICS 322 IS RECOMMENDED.

The course covers the general principles of financial economics and lays out the foundation for more specialized courses to be taken in the future. It is built around the foundations of financial economics? the time value of money, asset valuation and risk management. The course specifically deals with optimization over time, discounted cash flow analysis, asset valuation, futures markets, portfolio theory, options pricing, options strategies and capital structure. An emphasis is put on the application of these financial concepts to decisions faced by households and firms.

ECO 369F • Financial Economics

34596 • Fall 2014
Meets MW 2:00PM-3:30PM UTC 3.122

ECONOMIC ANALYSIS OF THE OPERATION OF FINANCIAL MARKETS, INCLUDING ARBITRAGE THEORY, ASSET PRICING, AND CORPORATE FINANCE.

PREREQUISITE: ECONOMICS 420K, 320L, AND 329 WITH A GRADE OF AT LEAST C- IN EACH; ECONOMICS 322 IS RECOMMENDED.

The course covers the general principles of financial economics and lays out the foundation for more specialized courses to be taken in the future. It is built around the foundations of financial economics? the time value of money, asset valuation and risk management. The course specifically deals with optimization over time, discounted cash flow analysis, asset valuation, futures markets, portfolio theory, options pricing, options strategies and capital structure. An emphasis is put on the application of these financial concepts to decisions faced by households and firms.

ECO 369F • Financial Economics

34865 • Spring 2014
Meets MW 9:30AM-11:00AM CLA 0.102

ECONOMIC ANALYSIS OF THE OPERATION OF FINANCIAL MARKETS, INCLUDING ARBITRAGE THEORY, ASSET PRICING, AND CORPORATE FINANCE.

PREREQUISITE: ECONOMICS 420K, 320L, AND 329 WITH A GRADE OF AT LEAST C- IN EACH; ECONOMICS 322 IS RECOMMENDED.

The course covers the general principles of financial economics and lays out the foundation for more specialized courses to be taken in the future. It is built around the foundations of financial economics? the time value of money, asset valuation and risk management. The course specifically deals with optimization over time, discounted cash flow analysis, asset valuation, futures markets, portfolio theory, options pricing, options strategies and capital structure. An emphasis is put on the application of these financial concepts to decisions faced by households and firms.

ECO 420K • Microeconomic Theory

34300-34305 • Spring 2013
Meets TTH 12:30PM-2:00PM CLA 0.126

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

34160-34165 • Fall 2012
Meets MW 11:00AM-12:30PM UTC 3.124

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

34075-34080 • Fall 2011
Meets MW 11:00AM-12:30PM UTC 3.124

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

33360-33365 • Fall 2010
Meets MW 11:00AM-12:30PM UTC 3.124

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. STUDENTS MAY NOT ATTEMPT ECONOMICS 420K MORE THAN TWICE.

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.

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

33387-33388 • Fall 2010
Meets MW 2:00PM-3:30PM BUR 212

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. STUDENTS MAY NOT ATTEMPT ECONOMICS 420K MORE THAN TWICE.

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.

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

33700 • Fall 2009
Meets MW 11:00AM-12:30PM UTC 3.124

 

Fall 2009 Dr. Svetlana Boyarchenko

Office: BRB 2.160

Phone: 475-8521

Email: sboyarch@eco.utexas.edu

Office hours: M, W 1:00 p.m.-2:30 p. m.

MICROECONOMIC THEORY (ECO 420K)

Unique identifier 33700

Lectures:

MW 11:00 a.m. - 12:30 p.m.,

UTC 3.124

Review sessions: F 11:00 a.m. - 12:00 p.m., UTC 3.124

Purpose of the Course and Prerequisites:

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. Prerequisites for this course are ECO 304K (Introduction to Microeconomics) and ECO 304L (Introduction to Macroeconomics) as well as M 408 C (Differential and Integral Calculus) or the equivalent. This class is usually a challenging class - you should be prepared to spend substantial time outside class on readings and frequent homework assignments.

 

 

Texts:

Microeconomic Theory. Basic Principals and Extensions

by Walter Nicholson and Christopher Snyder. S, 2008, 10th edition.

Lecture Notes

, posted on the Blackboard as class progresses.

Assessment:

There will be problem sets, three midterms and a final. All exams are closed book ones. Midterm exams are NOT cumulative: material covered in one exam will not be covered in the later exam. The final exam is cumulative. There will be NO MAKE-UP DATES for either the midterms or the final. The final score will be the weighted sum of the following: problem sets 10% (total), midterms 45% (15% each), final 45%. In case you miss one of the exams for a documented illness or emergency, your final exam score will receive the weight of that exam in addition to its own weight. Dates of the midterms: October 5, October 28, and November 23 in class. The date of the final is set by the Registrar.

Homeworks

are important, indispensable part of the course; you should spend considerable time and effort on them. I strongly encourage you to work on the problem sets in study groups. However, before meeting with your group you should have attempted each question - study groups work best when they facilitate learning from each other, not when they are used simply to permit division of labor (i.e., you won't learn very much by simply copying other students' answers). Homeworks and solutions will be posted on the Blackboard. Unless otherwise stated,

homeworks are due Fridays, during review sessions.

Points and the final grade:

You will start earning your points from the very beginning, and the more you earn, the higher your final grade will be:

  1. A
  2. B
  3. C
  4. D
  5. F
  6. : less than 40.
    : 40 or more but less than 55
    : 55 or more but less than 70
    : 70 or more but less than 85
    : 85 and more

The grades are not curved, and I will be happy to give you as many A's and B's as you deserve.

Other issues:

  1. Attendance in lectures and review sessions is mandatory.
  2. Late homework assignments are not accepted under any circumstances.
  3. UT provides upon request appropriate academic adjustments for qualified students with disabilities. For more information, contact the Office of the Dean of students at 471-6259, 471-4641 TTY.

Course Outline:

Date

Topic

Readings

Aug. 26

Mathematical tools

Chapter 2

Aug. 31

Preferences and utility

Chapter 3

Sept. 2

Utility maximization and choice

Chapter 4

Sept. 9

Income and substitution effects

Chapter 5

Sept. 14

Demand relationships among goods

Chapter 6

Sept. 16, 21

Uncertainty and information

Chapter 7

Sept. 23, 28, 30

Game theory

Chapter 8

Oct. 5

Midterm 1

Material through Sept. 30

Oct. 7

Production functions

Chapter 9

Oct. 12

Cost functions

Chapter 10

Oct. 14

Profit maximization

Chapter 11

Oct. 19, 21

Partial equilibrium

Chapter 10

Oct. 26

General equilibrium

Chapter 13

Oct. 28

Midterm 2

Material through Oct. 21

Nov. 2

Welfare economics

Chapter 13

Nov. 4, 9

Monopoly

Chapter 14

Nov. 11, 13, 18

Imperfect competition

Chapter 15

Nov. 23

Midterm 3

Material through Nov. 18

Nov. 25

Review of the Midterm 3

Nov. 30, Dec. 2

Capital and time

Chapter 17

ECO 387L • Microeconomics I

33965 • Fall 2009
Meets MW 9:30AM-11:00AM BRB 2.136

Fall 2009 Dr. Svetlana Boyarchenko
Office BRB 2.160
Phone 475-8521
e-mail sboyarch@eco.utexas.edu
Office hours: M, W 1:00 p.m.-2:30 p.m. or by appointment
ECON 387L
Microeconomics I
Unique identifier 33965
Lectures: MW 9:30 a.m. - 11:00 a.m., BRB 2.136

This is a graduate level course in general equilibrium (GE) theory, including consumer and producer theory, choice under uncertainty, topics in welfare theory and elements of financial economics.

There will be problem sets, two midterms and a final. The midterms will be given on October 5 and November 9. Your grade will be determined as follows: 10% homework problem sets, 20% each of the midterms, and 50% final.

The problem sets are important, indispensable part of the course; you should spend considerable time and effort on them. I strongly encourage you to work on the problem sets in study groups. However, before meeting with your group you should have attempted each question - study groups work best when they facilitate learning from each other, not when they are used simply to permit division of labor (i.e., you won't learn very much by simply copying other students' answers). Solutions to problem sets will be posted on the Blackboard.

The TA's will primarily be responsible for conducting review sessions based on problem sets. Their office hours and the related time and place for review sessions will be announced as soon as possible.

The text for the course is MasColell, A., Whinston, M., and Green, J., Microeconomic Theory, Oxford University Press, New York, 1995. Other texts you may find useful for reference:
1.
Debreu, G., Theory of Value, Yale University Press, New Haven, CT, 1959.
2.
Gibbons, R., Game Theory for Applied Economists, Princeton University Press, Princeton, 1992.
3.
Leroy S.F., and Werner J., Principles of Financial Economics, Cambridge University Press, 2001.

Much of the material in this course is best formulated mathematically. It is important that you become familiar with both the language and the basic techniques of mathematics. A good exposition for economists is contained in: Blume, L. and Simon, C.P., Mathematics for Economists, W.W. Norton, New York, 1994. A very good basic reference for real analysis is: Rudin, W., Principles of Mathematical Analysis, McGraw-Hill, New York, 3rd edition, 1976.
General course outline:
1.
Consumer theory (6 lectures)
2.
Choice under uncertainty (3 lectures)
3.
Producer theory (4 lectures)
4.
General Equilibrium and Welfare. (8 lectures)
5.
Financial Economics (5 lectures)
Other issues:

Attendance in lectures and review sessions is mandatory.

Homework assignments are not accepted under any circumstances after solutions have been posted.

UT provides upon request appropriate academic adjustments for qualified students with disabilities. For more information, contact the Office of the Dean of students at 471-6259, 471-4641 TTY.

ECO F329 • Economic Statistics

82640 • Summer 2009
Meets MTWTHF 1:00PM-2:30PM UTC 3.110

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 420K • Microeconomic Theory

33900 • Fall 2008
Meets MW 11:00AM-12:30PM UTC 3.124

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 F420K • Microeconomic Theory

84000 • Summer 2008
Meets MTWTHF 8:00AM-10:00AM JGB 2.218

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. STUDENTS MAY NOT ATTEMPT ECONOMICS 420K MORE THAN TWICE.

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.

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

34285 • Fall 2007
Meets MW 11:00AM-12:30PM UTC 3.124

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

31390-31400 • Fall 2004
Meets MW 11:00AM-12:30PM UTC 3.132

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

31415-31425 • Fall 2004
Meets MW 12:30PM-2:00PM UTC 3.132

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 S420K • Microeconomic Theory

83495 • Summer 2004
Meets MTWTHF 9:00AM-11:00AM UTC 4.102

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. STUDENTS MAY NOT ATTEMPT ECONOMICS 420K MORE THAN TWICE.

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.

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.

Curriculum Vitae


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