Skip Navigation
UT wordmark
College of Liberal Arts wordmark
economics masthead
Jason Abrevaya, Chair 2225 Speedway, Stop C3100, Austin, TX 78712 • Admin: 512-471-3211 & Advising: 512-471-2973

Course Descriptions

ECO 301 • Introduction To Economics

34365 • Schneider, Helen
Meets MWF 1000am-1100am PAI 3.02
show description

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

34380 • Hickenbottom, Wayne R
Meets MWF 1100am-1200pm SAC 1.402
show description

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

34385 • Houghton, Stephanie
Meets TTH 1100am-1230pm UTC 2.112A
show description

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

34390 • Hickenbottom, Wayne R
Meets MWF 100pm-200pm WEL 2.224
show description

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

34395 • Sibley, David S
Meets MWF 300pm-400pm JES A121A
show description

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

34400 • Wiseman, Thomas E
Meets TTH 330pm-500pm BUR 106
show description

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

34405 • Sadler, Michael
Meets MWF 1000am-1100am SAC 1.402
show description

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 420K • Microeconomic Theory

34410-34414 • Oettinger, Gerald S
Meets WF 1230pm-200pm UTC 3.112
show description

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

34420 • Trejo, Stephen J.
Meets MW 200pm-330pm UTC 3.124
show description

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

34435-34440 • Thomas, Caroline
Meets TTH 800am-930am WEL 2.304
show description

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

34445-34460 • Oettinger, Gerald S
Meets WF 200pm-330pm JGB 2.324
show description

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 320L • Macroeconomic Theory

34465 • Coibion, Olivier
Meets TTH 800am-930am JGB 2.218
show description

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

34470 • Glover, Andrew
Meets TTH 930am-1100am JGB 2.218
show description

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

34475 • Trinque, Brian M
Meets MWF 1000am-1100am UTC 3.132
show description

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

34480 • Schneider, Helen
Meets MWF 100pm-200pm CLA 0.102
show description

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

34495 • Trinque, Brian M
Meets TTH 1100am-1230pm SZB 370
show description

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 327 • Comparative Economic Systems

34510 • Trinque, Brian M
Meets TTH 1230pm-200pm UTC 1.118
show description

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

34515 • Sibley, David S
Meets MWF 100pm-200pm CLA 0.126
show description

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

34520 • Bencivenga, Valerie R.
Meets TTH 330pm-500pm FAC 21
show description

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 • Health Economics

34523 • Schneider, Helen
Meets MWF 200pm-300pm CLA 1.104
show description

OPEN TO NONMAJORS. TOPICS MAY INCLUDE ECONOMIC THEORY, APPLICATIONS, AND POLICY. ECONOMICS 330T AND 350K MAY NOT BOTH BE COUNTED UNLESS THE TOPICS VARY.

This course will examine the special features of medical care as a commodity, the demand for health and medical services, the economic explanations for the behavior of medical care providers, the functioning of insurance markets, federal health insurance programs, and regulation. In this course, only 304K is required (not 420K, so a solid foundation in math, statistics, and microeconomic theory is not necessary but recommended) and there is no writing component. Finally, this course will examine the role and justification for government involvement in the medical care system.

Prerequisites: ECO 304K with a C- or better

 

 

ECO 333K • Development Economics

34525 • Linden, Leigh
Meets TTH 1230pm-200pm UTC 3.132
(also listed as URB 351)
show description

INTRODUCTION TO THEORIES OF ECONOMIC DEVELOPMENT; DISCUSSION OF LEADING ISSUES. ASIAN STUDIES 361 (TOPIC 21: DEVELOPMENT ECONOMICS) AND ECONOMICS 333K MAY NOT BOTH BE COUNTED.

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

Development economics focuses on the economic aspects of the developing world. The big question for development economics and this course is: What economic polices can bring about an improvement in the lives of the world's poor? This is a very complex question. Economics gives us a framework to think about these issues analytically. The first part of the course will cover macroeconomic growth theories, where we focus on identifying the major determinants of growth. The second part will focus on development and asks the question why might these factors of growth be different across countries? The topics covered will include the effects of investment, education, population, credit markets and technological change. The goal of this course is to equip you with the tools to think about issues related to growth and development analytically

ECO 333K • Development Economics

34526 • Linden, Leigh
Meets TTH 1100am-1230pm UTC 4.124
(also listed as URB 351)
show description

INTRODUCTION TO THEORIES OF ECONOMIC DEVELOPMENT; DISCUSSION OF LEADING ISSUES. ASIAN STUDIES 361 (TOPIC 21: DEVELOPMENT ECONOMICS) AND ECONOMICS 333K MAY NOT BOTH BE COUNTED.

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

Development economics focuses on the economic aspects of the developing world. The big question for development economics and this course is: What economic polices can bring about an improvement in the lives of the world's poor? This is a very complex question. Economics gives us a framework to think about these issues analytically. The first part of the course will cover macroeconomic growth theories, where we focus on identifying the major determinants of growth. The second part will focus on development and asks the question why might these factors of growth be different across countries? The topics covered will include the effects of investment, education, population, credit markets and technological change. The goal of this course is to equip you with the tools to think about issues related to growth and development analytically

ECO 339L • International Finance

34540 • Bencivenga, Valerie R.
Meets TTH 200pm-330pm CLA 0.126
show description

HOW FOREIGN EXCHANGE RATES ARE DETERMINED, WHY NATIONAL INTEREST RATES DIFFER, WHY RISK IS INHERENT WHEN TRADING IN INTERNATIONAL FINANCE MARKETS, AND THE ROLE OF INTERNATIONAL ORGANIZATIONS SUCH AS THE INTERNATIONAL MONETARY FUND IN CRISIS MANAGEMENT.

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

The typical questions addressed in this class are: Why do countries engage (increasingly) in trade? What factors affect trade flows? Is trade always good for everybody? Should we manage trade flows and if so, do quotas, subsidies and tariffs make sense? What is a balance-of-payments crisis and what happened in 1971-73? How are exchange rates determined, anyways? Who and what factors determine the exchange rate? What role does the Federal Reserve and capital markets play? What are the main characteristics of international capital / financial markets? The class covers the two aspects of trade: real (physical flows, 1/3 of the class) and monetary (exchange rate, money, institutions, policies, 2/3 of the class). We concentrate on theories (normative, long run) as well as on policies (positive, short run). Numerous real-world examples are taken and current policy debates are explored; the illustrations include trade with China, the repercussions of the ongoing world crisis, the value of the dollar… you name it. The objective of the class is to enrich your mind in two ways. First you will learn new definitions, tools, models and the accompanying illustrations. Second you will use those tools to think analytically and critically about the economic situations and issues that surround us. Given the topic and news, class participation and critical thinking are encouraged.

ECO 341K • Introduction To Econometrics

34545 • Black, Sandra E.
Meets TTH 1230pm-200pm UTC 4.124
show description

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

34550 • Kline, Brendan
Meets TTH 1100am-1230pm JGB 2.216
show description

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

34555 • Kline, Brendan
Meets TTH 200pm-330pm CLA 1.104
show description

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 350K • Applied Ind Org & Network Econ

34557 • GANDAL, NEIL S
Meets TTH 1230pm-200pm ART 1.120
show description

The first part of the course will cover competition in oligopolgy markets.  Oligopoly markets are characterized by competition among a small number of firms, each with market power.  Of particular importance is strategic interaction among firms.  We will cover basic oligopolgy models (Cournot, Bertrand), and we will introduce basic tools in game theory in order to find the equilibrium of these models. We will then apply our knowledge to analyze richer models of oligopolistic competition.

The second part of the course will focus on Network Economics.  This part of the course will include: an introduction to network effects, standards competition, the economics of social networks, and competition in the crypto (digital) currency market (i.e. Bitcoin, Litecoin).

Prerequisites: ECO 420K with C- or better

 

ECO 350K • Applied Ind Org & Network Econ

34558 • GANDAL, NEIL S
Meets TTH 1100am-1230pm GSB 2.126
show description

The first part of the course will cover competition in oligopolgy markets.  Oligopoly markets are characterized by competition among a small number of firms, each with market power.  Of particular importance is strategic interaction among firms.  We will cover basic oligopolgy models (Cournot, Bertrand), and we will introduce basic tools in game theory in order to find the equilibrium of these models. We will then apply our knowledge to analyze richer models of oligopolistic competition.

The second part of the course will focus on Network Economics.  This part of the course will include: an introduction to network effects, standards competition, the economics of social networks, and competition in the crypto (digital) currency market (i.e. Bitcoin, Litecoin).

Prerequisites: ECO 420K with C- or better

ECO 354K • Introductory Game Theory

34575 • Stahl, Dale O
Meets TTH 930am-1100am CLA 1.104
show description

INTRODUCTION TO THE FORMAL STUDY OF INTERDEPENDENT DECISION MAKING. APPLICATIONS OF GAME THEORY INCLUDE PRICING AND ADVERTISING STRATEGIES, LABOR-MANAGEMENT BARGAINING, AND TARIFF NEGOTIATIONS.

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

Contact professor for more information.

ECO 359M • Envir And Natural Resource Eco

34580 • Stahl, Dale O
Meets TTH 330pm-500pm CLA 1.104
show description

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 363C • Computational Economics

34585-34590 • Kendrick, David A
Meets MW 1200pm-100pm CLA 0.106
show description

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

THIS COURSE PROVIDES AN INTRODUCTION TO COMPUTATIONAL ECONOMICS FOR UNDERGRADUATES. IT WILL COVER THE APPLICATION OF COMPUTATIONAL METHODS TO ECONOMIC MODELS IN FIELDS SUCH AS SECTORAL ECONOMICS, ENVIRONMENTAL ECONOMICS, MACROECONOMICS, GROWTH THEORY, AND OTHERS. THE COMPUTATIONAL METHODS WILL INCLUDE BOTH SIMULATION AND OPTIMIZATION APPROACHES AS WELL AS DATABASES. A VARIETY OF COMPUTER LANGUAGES WILL BE USED INCLUDING MATLAB, GAMS AND MATHEMATICA. PREVIOUS KNOWLEDGE IN ECONOMICS, MATHEMATICS, AND COMPUTATIONAL METHODS IS USEFUL THOUGH STRENGTH IN ONE OR TWO OF THESE AREAS CAN MORE THAN ACCOMMODATE FOR LITTLE OR NO BACKGROUND IN ONE OR TWO OF THE OTHERS.

THERE ARE WEEKLY COMPUTER EXERCISES AS WELL AS A TERM PAPER.

ECO 369F • Financial Economics

34596 • Boyarchenko, Svetlana
Meets MW 200pm-330pm UTC 3.122
show description

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 378H • Honors Tutorial Course I

34600
Meets
show description

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

PREREQUISITE: UPPER-DIVISION STANDING, ADMISSION TO THE ECONOMICS HONORS PROGRAM, AND CONSENT OF THE HONORS ADVISER.

MAY BE COUNTED TOWARD THE INDEPENDENT INQUIRY FLAG REQUIREMENT.

Hour(s) to be arranged. Restricted enrollment; contact the department for permission to register for this class.

ECO 379C • Individual Conference Course

34605
Meets
show description

SUPERVISED INDIVIDUAL STUDY OF SELECTED PROBLEMS IN ECONOMICS. MAY NOT BE COUNTED TOWARD THE TWENTY-FOUR SEMESTER HOURS IN ECONOMICS REQUIRED FOR THE MAJOR IN ECONOMICS.

PREREQUISITE: UPPER-DIVISION STANDING AND CONSENT OF INSTRUCTOR. STUDENTS SHOULD ORDINARILY HAVE COMPLETED SIX SEMESTER HOURS OF UPPER-DIVISION COURSEWORK IN ECONOMICS AND COURSEWORK WITH SUPERVISING INSTRUCTOR.

MAY BE COUNTED TOWARD THE INDEPENDENT INQUIRY FLAG REQUIREMENT.

HOUR(S) TO BE ARRANGED. RESTRICTED ENROLLMENT; CONTACT THE DEPARTMENT FOR PERMISSION TO REGISTER FOR THIS CLASS. MAY BE REPEATED FOR CREDIT.

ECO 379H • Honors Tutorial Course II

34610
Meets
show description

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.

bottom border