Examines basic concepts of microeconomics, or the behavior and the interactions of individuals, firms, and government. Topics include determining economic problems, how consumers and businesses make decisions, how markets work and how they fail, and how government actions affect markets. Credit not granted for this course and ECON 1000 and 1001. Meets MAPS requirements for social sciences: general. Approved for arts and sciences core curriculum: contemporary societies.
Provides an overview of the economy, examining the flows of resources and outputs and the factors determining the levels of income and prices. Explores policy problems of inflation, unemployment, and economic growth. Credit not granted for this course and ECON 1000 and 1001. Meets MAPS requirement for social sciences: general. Approved for arts and sciences core curriculum: contemporary societies. Requisites: Requires prerequisite course of ECON 2010 (minimum grade C-).
Explores theory and application of models of consumer choice, firm and market organization, and general equilibrium. Extensions include intertemporal decisions, decisions under uncertainty, externalities, and strategic interaction. Requisites: Requires prereq courses of ECON 1000 or 2010 and either ECON 1078 & 1088 or MATH 1300 or MATH 1310 or MATH 1081 or MATH 1080 & 1090 & 1100 or APPM 1350 (all min grade C-). Restricted to students with 22-180 units completed.
Introduces theories of aggregate economic activity including the determination of income, employment, and prices; economic growth; and fluctuations. Macroeconomic policies are explored in both closed and open economy models. ECON 3070 and 3080 may be taken in any order; there is no recommended sequence. Requisites: Requires prereq courses of ECON 1000 or 2020 and either ECON 1078 & 1088 or MATH 1300 or MATH 1310 or MATH 1081 or MATH 1080 & 1090 & 1100 or APPM 1350 (all min grade C-). Restricted to students with 22-180 units completed.
Critiques how economists model and judge behavior. How we judge is contrasted with other moral philosophies. Economists assume individuals behave in their own best interests. What does this mean and is it true? Looks at research from psychology and neuroscience. Quizzes and a multi-step research paper, designed for students who love to question, research, write and rewrite. Recommended prereq., ECON 3080. Requisites: Requires prerequisite course of ECON 3070 (minimum grade C-). Restricted to students with 57-180 credits (Junior or Senior).
Studies utility maximization under uncertainty, risk, game theory, moral hazard, and adverse selection. Applications include insurance markets and the theory of contracts. Requisites: Requires prerequisite courses of ECON 3070 and ECON 4808 (all minimum grade C-).
Analyzes recent and contemporary literature on fundamentals of economic theory. Considers value theory with particular emphasis on methodology, theory of demand, theory of the firm, game theory, theory of distribution, general equilibrium theory, and welfare economics. Department enforced prereqs., ECON 3070 and ECON 3080 or MATH 1300. Requisites: Restricted to graduate students only.
Discusses behavior of consumption, investment, employment, production, and interest rates in the context of dynamic optimization models. Also considers government, economic growth, and business cycles. Department enforced prereqs., ECON 3070 and ECON 3080. Requisites: Restricted to graduate students only.
Presents the theoretical and empirical application of dynamic macro programming models. Topics include consumption, investment, labor, money, and credit theories. Covers the theory of economic fluctuations and business cycles employing dynamic general equilibrium models. Department enforced prereq., ECON 7020.
Discusses advanced topics in game theory and general equilibrium. Prereqs., ECON 7010 and ECON 7030 and ECON 7818 and ECON 7828. Requisites: Restricted to graduate students only.
