ECON - Economics

ECON1 Introductory Microeconomics: Resource Allocation and Market Structure

For all interested students as well as prospective economics majors. Examines how markets allocate resources in different kinds of economies. Topics include competitive markets, monopoly, financial markets, income distribution, market failures, the environment, and the role of government.

Credits

5

ECON2 Introductory Macroeconomics: Aggregate Economic Activity

For all interested students and prospective economics majors. Examines how the overall level of national economic activity is determined, including output, employment, and inflation. Explores the roles of monetary and fiscal policies in stabilizing the economy and promoting growth, with a focus on contemporary policy debates.

Credits

5

ECON10A Economics of Accounting

Introduction to accounting principles and practice; preparation and analysis of financial statements; study of internal control procedures. Courses 10A and 10B satisfy the Accounting 1A-B requirement at UC Berkeley.

Credits

5

ECON10B Economics of Accounting

Managerial accounting emphasizing analysis and control; accounting for corporations; introduction to taxation, budgeting, and equity/debt financing; management decision making. Courses 10A and 10B satisfy the Accounting 1A-B requirement at UC Berkeley.

Credits

5

ECON20 Economics for Non-Majors

Designed for non-majors seeking a basic introduction to core economic concepts relevant for social and public policy decision making. Fundamental economic concepts illustrated through their application to a variety of public policy questions.

Credits

5

ECON30 Introduction to Entrepreneurship

Provides an overview of the role and importance of entrepreneurship in the economy and society; a framework for approaching entrepreneurship and innovation; and exposure to the core competencies required of all entrepreneurs. The course incorporatescase studies and speakers (often actual entrepreneurs) to provide context for the entrepreneurial topics covered in the course.

Credits

5

ECON93 Field Study

Supervised fieldwork experience in an area connected with economics or business. Prerequisite(s): two of the following ECON 100A, ECON 100B, ECON 113. Enrollment restricted to juniors and seniors. Students submit petition to sponsoring agency and seek internship for approval by agency.

Credits

5

ECON93F Field Study

Supervised fieldwork experience, in an area connected with economics or business. Prerequisite(s): two of the following ECON 100A, ECON 100B, ECON 113. Enrollment restricted to juniors and seniors. Students submit petition to sponsoring agency and seek internship for approval by agency.

Credits

2

ECON99 Tutorial

Credits

5

ECON100A Intermediate Microeconomics

Covers major theoretical issues arising in the study of resource allocation, the function of markets, consumer behavior, and the determination of price, output, and profits in competitive, monopolistic, and oligopolistic market structures. Also considers issues of welfare and public policy. Students cannot receive credit for this course and course 100M.

Credits

5

ECON100B Intermediate Macroeconomics

Covers major theoretical issues arising in the study of income, employment, interest rates, and the price level. Examines the role of monetary and fiscal policy in economic stabilization. Also considers these issues as they relate to the global economy. Students cannot receive credit for this course and course 100N.

Credits

5

ECON100M Intermediate Microeconomics, Math Intensive

Mathematically sophisticated version of course 100A. Provides analytically rigorous treatment of the subject using a calculus-intensive presentation of microeconomic theory. For specific topics, see course 100A. Students cannot receive credit for this course and course 100A.

Credits

5

ECON100N Intermediate Macroeconomics, Math Intensive

Provides rigorous, mathematical-intensive treatment of topics covered in course 100B. Core is devoted to model-based analysis of questions in macroeconomics. Use of mathematical tools allows study of advanced topics and data-intensive applications. See course 100B for specific topics. Students cannot receive credit for this course and course 100B.

Credits

5

ECON101 Managerial Economics

Analysis of the theory and practice of decision making in business firms, applying the concepts and techniques of microeconomics. Topics may include pricing schemes, non-price competition, internal organization of firms, incentive contracts, asymmetric information, and game theory. Case studies are used to illustrate some topics.

Credits

5

ECON104 Is There Truth in Numbers: The Role of Statistics in Economics

Applies the techniques of econometrics and experimental economics to the understanding of economics. A hands-on course where real economic data is used in an interactive way so that students develop the art of empirical analysis.

Credits

5

ECON105 Topics in Macroeconomics

Covers topics in macroeconomics. Course builds on the tools of macroeconomics developed in ECON 100B and ECON 100N to explore topical macroeconomic issues. Possible topics include economic growth, business cycles, financial crises, unemployment, inflation, inequality, and the global economy.

Credits

5

ECON110 Managerial Cost Accounting and Control

Focuses on how cost data are used by managers in the planning and control of both private- and public-sector organizations. Specific topics include organization of the management and control function, use of cost data for the pricing of goods and services, the effect of cost systems on management performance, and capital budgeting.

Credits

5

ECON111A Intermediate Accounting I

Principles, control, and theory of accounting for assets; accounting as an information system; measurement and determination of income. Projects involving spreadsheet software are required.

Credits

5

ECON111B Intermediate Accounting II

Covers the principles, control, the theory of accounting for liabilities and property; plant and equipment, the preparation and analysis of investments,and review and analysis of bonds and leases.

Credits

5

ECON111C Intermediate Accounting III

Covers the principles of control, the theory of accounting for pensions and income taxes; the determination of share-based compensation and earnings per share, the calculation of shareholder's equity, and advanced topics in intermediate accounting.

Credits

5

ECON112 Auditing and Attestation

For business management economics majors interested in careers that emphasize accounting, finance, or technology management. Also for students who intend to take the CPA exam. Covers audit techniques, risk analysis, and development of control structures for major financial processes including cash, investments, accounts receivable, inventories, accounts payable, debt, equity capital, and related information systems security.

Credits

5

ECON113 Introduction to Econometrics

Practical methods for organizing and analyzing economic data, testing economic hypotheses, and measuring economic relationships. Regression analysis is the main empirical method, and basic statistical and probability theory is included. Students gain hands-on computer experience with an econometric software package. Students cannot receive credit for this course and Applied Mathematics and Statistics 113.

Credits

5

ECON114 Advanced Quantitative Methods

Application of statistical methods to estimating and testing economic relationships, i.e., econometric techniques. Topics include the effects of misspecification, choice of functional form, serial correlation, heteroscedasticity, limited dependent variables, and simultaneous equations. Includes discussion of existing empirical work and econometric projects by students.

Credits

5

ECON114L Advanced Quantitative Methods Lab

Laboratory component associated with course 114. Topics include learning the fundamentals of programming in R language and learning to implement the modes and methods taught in course 114 lectures.

Credits

2

ECON115 Introduction to Management Sciences

The scientific study of management decision making. Topics include linear, integer, and non-linear programming. Special emphasis on a wide variety of practical applications, including production scheduling, optimal transportation assignments, and optimal inventory policy.

Credits

5

ECON116 Advanced Topics in Accounting and Ethics

Covers topics in accounting and ethics. Builds a strong accounting foundation; develops critical thinking skills; and explores ethical standards in accounting, forensic accounting, international financial recording standards, and accounting for sustainability. Meets the California state educational ethics requirement for certified public accountant (CPA) licensure.

Credits

5

ECON117A Income Tax Factors for Individuals

Introduces federal taxation for individuals. Topics for study include taxable income, gross income exclusions and inclusions, capital gains, depreciation, business and itemized deductions, personal and dependency exemptions, passive activity losses, tax credits, and methods of accounting.

Credits

5

ECON117B Tax Factors of Business and Investment

Focuses on various tax subjects providing a strong foundation in tax concepts and preparation for work in either public or corporate accounting. Topics include historical perspective of the U.S. tax system, introduction to estate and gift taxes, employment and self-employment taxes, tax concepts and laws, business expenses, capital recovery, tax credits, capital gains and losses, capital investments, and corporate operations. (Formerly course 117.)

Credits

5

ECON119 Advanced Accounting

Accounting for business organizations; partnerships; government and non-profit organization funds; branches, consolidations, and installment sales. Projects involving spreadsheet software required.

Credits

5

ECON120 Development Economics

Studies the microeconomics of development. Topics may include health and nutrition, education, intra-household economics, formal and informal risk-coping mechanisms, savings, credit, agriculture, institutions, and service delivery and corruption. Focuses on empirical methods. Problem sets require statistical software such as Stata. (Formerly Economic Development.)

Credits

5

ECON121 Economic Growth

Studies economic growth from theoretical, empirical, and historical perspectives. Topics include: theories of economic growth and their empirical importance, technology and innovation, social institutions and growth, and competing explanations of the global distribution of wealth.

Credits

5

ECON125 Economic History of the U.S

The development of the American economy from colonial times to the present, with emphasis on the interaction between institutional structure and economic development. Topics include the economics of slavery, the rise of big business, and the causes of the Great Depression.

Credits

5

ECON126 Why Economies Succeed or Fail: Lessons from Western and Japanese History

Examines the emergence of capitalism and the world's first industrial revolution in Britain, continental Europe industrialization, Soviet economic growth and collapse, and the Japanese economic miracle. Asks about the historical sources of long-run economic development, stagnation, and decline. Draws lessons for current debates over free market versus more interventionist policies, economic reform in the former Communist nations, and economic rivalry between the U.S. and Japan.

Credits

5

ECON128 Poverty and Public Policy

Studies the causes, consequences, and governmental response to urban poverty in the U.S. Topics include how public policy, the macroeconomy, race, gender, discrimination, marriage, fertility, child support, and crime affect and are affected by urban poverty. Emphasizes class discussion and research.

Credits

5

ECON130 Money and Banking

Examines the nature of money, financial intermediation, financial asset pricing, and markets; banking business and the banking industry; financial and banking crises, especially the 2007-09 crisis in the U.S. and abroad; the evolving nature of financial regulation and supervision of banking and financial institutions and markets; history and functions of the U.S. central bank (Federal Reserve); the role of the central bank in providing liquidity, credit, and creating money; central bank emergency lending in crises; institutional design of central banks and macroeconomic policy.

Credits

5

ECON131 International Financial Markets

International financial management analyzes the key financial markets and instruments that facilitate trade and investment activity on a global scale. Inquiry spans two areas: (1) economic determinants of prices in international financial markets; and (2) decisions facing private individuals and enterprises, with topics including capital financing, investment, and risk management.

Credits

5

ECON133 Security Markets and Financial Institutions

An examination of all major financial markets: equities, bonds, options, forwards, and futures. Uses modern financial theory, including asset pricing models such as CAPM and APT.

Credits

5

ECON135 Corporate Finance

An analysis of financial policies of business enterprises. Topics include cash flow analysis, stock and bond valuation, asset pricing models, capital budgeting, financial market institutions, and financial planning.

Credits

5

ECON136 Business Strategy

The strategic management process, techniques for analyzing single-business and diversified companies, implementing strategy, organization, business planning, financial strategy, competitive analysis, entrepreneurial skills.

Credits

5

ECON138 The Economics and Management of Technology and Innovation

Examines the analytics of issues in technology and innovation, including cooperation in research and development (R&D), standardization and compatibility, patents and intellectual property rights, and strategic management, using economic models and firm case studies.

Credits

5

ECON139A The Economics of Electronic Commerce

An analysis of the broad spectrum of issues affecting commercial uses of the Internet and the next-generation information infrastructure. Uses economics to examine market structure, pricing quality, intellectual property rights, security, electronic payments and currencies, and public policy implications.

Credits

5

ECON139B E-Commerce Strategy

Review of economic principles and trends in e-commerce, including online retailing of physical products, digital products and services, financial services, business-to-business transactions, e-business, and e-marketing. Business-to-business and business-to-consumer business models are explored both in terms of strategy and implementation. Topics include how and why successful companies deploy e-business strategies and how these evolve in fast-changing technological and business environments..

Credits

5

ECON140 International Trade

The theory of international production and trade. The effects of tariffs and quantitative trade restrictions; the nature of economic integration; multinational firms; effects of trade and protection on economic stability and welfare.

Credits

5

ECON141 International Finance

Topics include national accounting, balance of payments theories, parity conditions in international finance, exchange rate determination models, forward-looking financial instruments, international monetary systems, country interdependence and exchange rate regimes, international monetary integration, and Eurocurrency market.

Credits

5

ECON142 Advanced Topics in International Economics

Selected issues in contemporary international economics: theory, empirical evidence, and public policy. Seminar emphasizing discussion and individual research.

Credits

5

ECON143 Policy Issues in the International Economy

Covers selected issues concerning the international economy. Topics include: U.S. competitiveness; U.S. trade policy; immigration; trade and the environment; developing countries; foreign investment; foreign exchange markets; andinternational economic institutions.

Credits

5

ECON148 Latin American Economies

This course is designed to familiarize students with the economic and business environment in Latin America.

Credits

5

ECON149 The Economies of East and Southeast Asia

Examines the pattern of international trade, investment, and industrial structure in Asia. Examines competing explanations of rapid growth of Japan, Korea, and Taiwan; presents an overview of economic developments in China, Hong Kong, and Taiwan. Concludes with an analysis of high technology trade and multinationals in Asia in 2000 and beyond.

Credits

5

ECON150 Public Finance

Economics of taxation, including incidence, equity issues, efficiency, and supply side effects. Close attention to taxes in the U.S. system and tax-reform issues. Students cannot receive credit for this course and course 250.

Credits

5

ECON156 Health Care and Medical Economics

Health economics theory and review of studies of the health industry, including current topics. Focuses on the structure of the U.S. health care system, including analysis of health policy issues. Relationship to models of perfect competition and efforts at reform.

Credits

5

ECON159 The Economics of Organizations

Uses an economic approach to shed light on questions such as why and how organizations are formed, and what consequences they may have on the adoption of different types of organizations for economic performance. Also emphasizes differences between the internal markets within organizations and market transactions.

Credits

5

ECON160A Industrial Organization

The structure and conduct of American industry with strong emphasis on the role of government, regulation, anti-trust, etc. The evolution of present-day industrial structure. The problems of overall concentration of industry and of monopoly power of firms. Pricing, output decisions, profits, and waste. Approaches include case study, theory, and statistics.

Credits

5

ECON160B Government and Industry

The influence of government regulation on industry and the allocation of resources is rigorously examined using theory and statistics. Areas of regulation include transportation and power, pollution and congestion, rent control, and liability insurance regulation. Both optimal and actual regulation are examined from the point of view of effectiveness, efficiency, social welfare, and re-distribution.

Credits

5

ECON161A Marketing

The evolution of markets and marketing; market structure; marketing cost and efficiency; public and private regulation; the development of marketing programs including decisions involving products, price, promotional distribution. (Formerly course 161.)

Credits

5

ECON161B Marketing Research

Prepares students to conduct market research and use it in solving real management problems. Students work with a company to solve marketing-based problems. Students conduct research, process data, and make a presentation to the company's management. Course work involves marketing, statistics, and communications; material is both qualitative and quantitative.

Credits

5

ECON162 Legal Environment of Business

A study of law and the legal process, emphasizing the nature and function of law within the U.S. federal system. Attention is given to the legal problems pertaining to contracts and related topics, business association, and the impact of law on business enterprise.

Credits

5

ECON164 Economics and the Telecommunications Industry

Covers the economics of the telecommunications industry including telephone, cellular telephone, and data communications. Particular emphasis on the Internet, satellite, paging, cable television, radio and television broadcasting. Examines the industry structure and implications of moving from a regulated environment to competition. Topics examined from a competitive strategic standpoint as well as public policy perspective.

Credits

5

ECON165 Economics as an Experimental Science

The design, execution, and analysis of laboratory experiments in economics. Students study experimental methodology, critically survey the published literature, and design an experiment. Literature includes lab studies of investigations in auctions, markets, social choice theory, and game theory.

Credits

5

ECON166A Game Theory and Applications I

Introduces modern game theory, including applications in social science, biology, and engineering. Topics include extensive form, strategic form, mixed strategies, incomplete information, repeated games, evolutionary games, and simulation techniques.

Credits

5

ECON166B Game Theory and Applications II

Explores research frontiers in game theory, emphasizing applications in social science, biology, and engineering. Each interdisciplinary team develops a topic, and presents it to the class in oral and written reports and demonstrations. Students must have shown a strong performance in course 166A or equivalent. Students cannot receive credit for this course and ECON 272, CSE 209, or BIOE 274.

Credits

5

ECON169 Economic Analysis of the Law

The application of the theories and methods of neoclassical economics to the central institutions of the legal system, including the common law doctrines of negligence, contract, and property; bankruptcy and corporate law; and civil, criminal, and administrative procedure.

Credits

5

ECON170 Environmental Economics

Economic analysis of environmental issues. Environmental pollution and deterioration as social costs. Economic policy and institutions for environmental control. Influences of technology, economic growth, and population growth on environmental quality.

Credits

5

ECON171 Natural Resource Economics

The application of economic analysis to the use of renewable and nonrenewable natural resources. Efficiency and distributional aspects of natural resource scarcity. Measurement of the benefits and costs. Optimal extraction or use policies. Common property and externalities. Government policies.

Credits

5

ECON175 Energy Economics

Applications of micro, welfare, and international economic theory and methodology to the energy field. Questions considered include optimal allocation of natural resources; pricing and investment; regulations and taxes; import and export control; redistributional policies.

Credits

5

ECON180 Labor Economics

A study of topics in modern labor economics with an emphasis on data analysis and econometrics. Topics include labor supply, labor demand, human capital, minimum wage, employment and wage discrimination, immigration, self-employment, earned income tax credit, and unemployment insurance.

Credits

5

ECON183 Women in the Economy

Study of gender roles in economic life, past and present. Topics include occupational structure, human capital acquisition, income distribution, poverty, and wage differentials. The role of government in addressing economic gender differentials is examined.

Credits

5

ECON186 Mathematical Methods for Economic Analysis

Presents mathematical methods commonly used in graduate-level economic analysis: basic matrix algebra, real analysis, functions, continuity concepts, differentiation, Taylor expansions, and implicit function theorem and optimization.

Credits

5

ECON188 Management in the Global Economy

An overview of how firms do business in the global economy. The focus is on the motivations of firm behavior, but also explores the impact of corporate decision-making on national welfare. Includes a mix of business case studies, applied economic theory, and empirical applications.

Credits

5

ECON190 Senior Proseminar

Courses focus on problems of interest to advanced students of economics. They offer a flexible framework, so those interested in specific issues can read, present papers, and develop their ideas.

Credits

5

ECON191 Economics Teaching Practicum

Each student serves as facilitator for small discussion group in connection with core economics courses. Facilitators complete course readings and meet with instructor as a group to discuss the teaching process. May not be counted toward upper-division major requirements.

Credits

5

ECON192 Directed Student Teaching

Teaching of a lower-division seminar, course 42, under faculty supervision. May not be counted toward the upper-division major requirements. Students submit petition to sponsoring agency.

Credits

5

ECON193 Field Study

Provides for department-sponsored individual field study experience in an area connected with economics or business. Students work 12-14 internship hours per week. May not be counted toward the upper-division major requirements. Prerequisite(s): ECON 100A, ECON 100B, and ECON 113. Students submit petition to sponsoring agency.

Credits

5

ECON193F Field Study

Provides for department-sponsored individual field study experience in an area connected with economics or business under the direct supervision of a faculty sponsor. Students work five-six hours internship hours per week. May not be counted toward the upper-division major requirements. Prerequisite(s): ECON 100A, ECON 100B and ECON 113. Students submit petition to sponsoring agency.

Credits

2

ECON194 Advanced Topics in Management

Honors course providing detailed analysis of specialized topics in management. Possible topics include: venture capital, the financial services industry, e-business, behavioral finance, advanced consumer behavior, entrepreneurship, high-tech marketing, risk management, and option value approaches to business strategy. Students cannot receive credit for this course and course 194F. Prerequisite(s): courses 100A or 100M, 100B or 100N, and 113. Enrollment is by permission of instructor, and review of performance in economics courses. Enrollment is restricted to senior and junior business management economics majors.

Credits

5

ECON194B Advanced Topics in Business and Professional Development

Enhances students' marketability, strengthens verbal and written communication skills, teaches appropriate business etiquette, improves networking skills, and helps students determine how to become an integral part of an organization's intellectual capacity. Business professionals provide guest presentations.

Credits

2

ECON194F Advanced Topics in Management and Finance

Detailed analysis of specialized topics in management. Possible topics include: venture capital, the financial services industry, e-business, behavioral finance, advanced consumer behavior, entrepreneurship, high-tech marketing, risk management, and option value approaches to business strategy. Formerly, Advanced Topics in Management and Finance.

Credits

2

ECON195 Senior Thesis

A supervised research project. If the project is of unusual scope, the course may be repeated for credit. Prerequisite(s): satisfaction of the Entry Level Writing and Composition requirements, students submit petition to sponsoring agency.

Credits

5

ECON197 Economic Rhetoric: Using Economic Theory and Empirical Evidence in Arguing Policy

Economics students are expected to learn to effectively communicate economic theory and evidence relating to economic policy to audiences that do not have economics degrees. The skills to be learned are both written and oral communication. Students learn to present convincing policy arguments in position papers, executive summaries, and in oral presentation that may include charts and other means of communication.

Credits

5

ECON199 Tutorial

May be repeated for credit, but may be counted only once toward the upper-division major requirements. Undergraduates may not take graduate courses for credit as 199. Students submit petition to sponsoring agency.

Credits

5

ECON199F Tutorial

Specialized study with individual faculty. May not be applied toward the major requirements. Students submit petition to sponsoring agency.

Credits

2

ECON200 Microeconomic Analysis

Survey of partial equilibrium analysis, market distortions, consumer choice and production and trade theory, perfect and imperfect competition, price discrimination, and intertemporal choice theory.

Credits

5

ECON201 Applications in Microeconomics

Applies concepts and tools developed in course 200 to problems encountered in private- and public-sector output and labor markets. The focus is empirical; topics include analysis of labor supply and labor demand and the role of government labor market policies, analysis of pricing policies and regulation, estimation of the returns to schooling, estimation of demand and cost functions, and the role of unions in the economy. Course 200 is strongly recommended as preparation.

Credits

5

ECON202 Macroeconomic Analysis

Aggregate economic analysis: determinants of aggregate expenditures and output, the roles of monetary and fiscal policy, recent developments in macro theory; macro policy issues.

Credits

5

ECON204A Advanced Microeconomic Theory I

Economic theory of individual and market behavior, including constrained optimization, duality, theory of the consumer, theory of the producer, dynamic optimization, behavior under uncertainty, intertemporal choice, asymmetric information, game theory, partial and general equilibrium, pure and applied welfare economics, public goods and externalities. Courses 204A, 204B, and 204C must be taken in sequence. (Formerly Advanced Microeconomic Theory.)

Credits

5

ECON204B Advanced Microeconomic Theory II

Economic theory of individual and market behavior, including constrained optimization, duality, theory of the consumer, theory of the producer, dynamic optimization, behavior under uncertainty, intertemporal choice, asymmetric information, game theory, partial and general equilibrium, pure and applied welfare economics, public goods and externalities. Courses must be taken in sequence. (Formerly Advanced Microeconomic Theory.)

Credits

5

ECON204C Advanced Microeconomic Theory III

Economic theory of individual and market behavior, including constrained optimization, duality, theory of the consumer, theory of the producer, dynamic optimization, behavior under uncertainty, intertemporal choice, asymmetric information, game theory, partial and general equilibrium, pure and applied welfare economics, public goods and externalities. Courses must be taken in sequence. (Formerly Advanced Microeconomic Theory.)

Credits

5

ECON205A Advanced Macroeconomic Theory I

Modern macroeconomic theory: theories of growth and business cycle fluctuations; theories of household and firm behavior; models of financial markets and labor markets; recent developments in the analysis of macroeconomic policy. Courses 205A, 205B, and 205C must be taken in sequence. (Formerly Advanced Macroeconomic Theory.)

Credits

5

ECON205B Advanced Macroeconomic Theory II

Modern macroeconomic theory: theories of growth and business cycle fluctuations; theories of household and firm behavior; models of financial markets and labor markets; recent developments in the analysis of macroeconomic policy. Courses must be taken in sequence. (Formerly Advanced Macroeconomic Theory.)

Credits

5

ECON205C Advanced Macroeconomic Theory III

Modern macroeconomic theory: theories of growth and business cycle fluctuations; theories of household and firm behavior; models of financial markets and labor markets; recent developments in the analysis of macroeconomic policy. Courses must be taken in sequence. (Formerly Advanced Macroeconomic Theory.)

Credits

5

ECON210A Mathematical Methods for Economic Analysis

Mathematical methods commonly used in economic analysis are discussed. Covers basic matrix algebra, real analysis, functions, continuity concepts, differentiation, Taylor expansion, implicit function theorem, and optimization. Prerequisite(s): qualifications as determined by instructor; inquire at department office.

Credits

5

ECON210B Mathematical Methods for Economic Analysis

A course in introductory mathematical economics which covers standard optimization problems, difference and differential equations, optimal control theory, decisions under uncertainty, game theory, and stochastic calculus. Course 210A or equivalent is strongly recommended as preparation.

Credits

5

ECON211A Advanced Econometrics I

Introduces advanced econometric methods. Topics include probability theory, hypothesis testing, linear regression analysis, heteroscedasticity, serial correlation, instrumental variables, and panel data models. (Formerly Advanced Econometrics.)

Credits

5

ECON211B Advanced Econometrics II

Focuses on the use of econometric methods for causal inference. Research designs covered include: OLS regression, non-parametric regression, propensity score, panel models, synthetic control, instrumental variables, and regression discontinuity. (Formerly Advanced Econometrics.)

Credits

5

ECON211C Advanced Econometrics III

Covers foundational time series analysis for economics. Topics include: linear time series models, numerical estimation, forecasting, vector autoregression models, the Kalman filter, unit roots, and cointegration. (Formerly Topics in Empirical Research.)

Credits

5

ECON212 Empirical Project in Econometrics

Empirical project or paper in econometrics to demonstrate student's ability to conduct applied econometric analysis. Ph.D. requirement to be completed by beginning of student's third year of study. Prerequisite(s): courses 211A and 211B.

Credits

2

ECON216 Applied Econometric Analysis I

The use of statistical techniques for the testing of economic hypotheses and the estimation of parameters, with emphasis on regression analysis. Includes methods of dealing with serial correlation, errors in variables, multicollinearity, and heteroscedasticity. Experience with common statistical packages.

Credits

5

ECON217 Applied Econometric Analysis II

Focuses on the application of advanced econometric and time series techniques to economic issues. Computer assignments and empirical applications are used to discuss and illustrate the practical aspects of simultaneous equation systems, nonlinear models, qualitative response models, time series model specification, unit root test, and cointegration analysis. Course 216 is strongly recommended as preparation.

Credits

5

ECON220A Development Economics I

Studies the microeconomics of development. Topics may include health and nutrition, education, intra-household economics, formal and informal risk-coping mechanisms, savings, credit, agriculture, institutions, and service delivery, and corruption. (Formerly Development Economics: Theory and Cases.)

Credits

5

ECON220B Development Economics II

Methodological class covering how to build a good theoretical model, how to derive a convincing test of a model, and how to structurally estimate a model. Examples drawn largely (though not exclusively) from the study of economic development. (Formerly Development Economics: Theory and Cases.)

Credits

5

ECON221A Advanced Methods in Macroeconomics I

Covers major issues in monetary economics, focusing on the core theoretical models employed in monetary economics. Topics include: money in general equilibrium; money-in-the-utility function approaches; cash-in-advance models; search-based models; welfare costs of inflation; optimal inflation tax; informational frictions in monetary economies; financial and credit frictions; nominal price and wage frictions; time-dependent and state-dependent models of price adjustment; and money in new Keynesian models. (Formerly Advanced Monetary Economics I.)

Credits

5

ECON221B Advanced Methods in Macroeconomics II

Covers major issues in empirical macroeconomics, focusing on structural vector auto-regressions (VARs) and solution and estimation of dynamic stochastic general equilibrium (DSGE) models. Topics include: recursive identification; long-run restrictions; sign-restrictions; Bayesian estimation of DSGE models; model comparisons; non-linear solution methods for DSGE models; particle filters and other advanced topics related to empirical macroeconomics. (Formerly Advanced Monetary Economics II.)

Credits

5

ECON221C Advanced Methods in Macroeconomics

Focuses on the use of disaggregated data on firms, establishments, workers, and households in macroeconomic research. Students learn about commonly used administrative records, survey data, quasi-experiments, etc., and their use to answer questions of interest to macroeconomists.

Credits

5

ECON231 International Financial Management

Equips students with the analytical tools they need to make informed financial decisions and manage the risks that businesses face in today's competitive global environment. Covers the fundamental theories and real-world examples in international financial markets.

Credits

5

ECON233 Finance I

Applications of economic analysis in private finance. Topics include risky choice and intertemporal choice theory, asset pricing models, efficient market hypotheses, market institutions, and derivative securities. Course 200 is strongly recommended as preparation.

Credits

5

ECON234 Financial Institutions and Markets

This course examines the evolving microstructure of financial markets, instruments, and institutions. Topics include the role of banks and other financial intermediaries and the trading practices for domestic and international financial instruments, including equity, debts, futures, and options.

Credits

5

ECON235 Corporate Finance

Application of modern financial theory to corporate decision making. Topics covered include capital budgeting and the firm's investment decision, capital structure, dividend policies, and the implications of corporate governance for enterprise financial goals.

Credits

5

ECON236 Financial Engineering

This course surveys the financial risks faced by corporation, banks, and other financial institutions that arise from changes in interest rates, foreign exchange rates, commodity prices, and stock prices. It examines the characteristics, payoffs, and pricing of financial derivatives and other instruments for managing risk, including options, forwards, futures, swaps, structured notes, and asset-backed securities. Several cases will be used to illustrate how actual firms solve financial risk management problems.

Credits

5

ECON238 Market Design: Theory and Pragmatics

Surveys the principles of mechanism design and applies them to a variety of 21st Century markets, e.g., for energy, spectrum, finance, online ads, and predictions. Student teams develop new applications.

Credits

5

ECON239 Current Topics in Finance

Topics in finance selected by the instructor.

Credits

5

ECON240A International Trade I

The theory of international trade and commercial policy. Both traditional analyses and recent developments are covered. Topics include both normative and positive theoretical analyses, as well as empirical testing of theory. (Formerly Advanced International Trade Theory I.)

Credits

5

ECON240B International Trade II

The second quarter of a two-quarter sequence which focuses on advanced research topics in trade and its intersection with applied microeconomics. The course is theoretical and empirical, and designed to acquaint students with recent developments in the field. Research topics include: trade and development; political economy of trade policies; trade and labor markets; trade and environment; theories, determinants, and implications of foreign direct investments; economic geography; and spatial/urban economics. (Formerly Advanced International Trade Theory II.)

Credits

5

ECON241A Advanced International Finance I

Covers the foundations of international macroeconomics. Topics include international borrowing and lending, the role of international financial markets, exchange rate economics, wealth and income in open economies, and macroeconomic policy interdependence.

Credits

5

ECON241B Advanced International Finance II

Covers major topics in international finance and open economy macroeconomics, focusing on contemporary theoretical and empirical analysis. Topics include: international capital flows, financial crises, exchange rate economics, financial policy intervention, and fiscal and monetary policies in open economies.

Credits

5

ECON241C Advanced International Finance III

Covers contemporary research topics in international macroeconomics and finance, including advances in both theoretical analysis and empirical methods. Specific topics on international macroeconomics, finance, and policy vary. Courses 202 and 203 or 205A-B-C strongly recommended as preparation.

Credits

5

ECON249A International Trade and Development Policy I

Focuses on a range of real-life issues in international trade and development. Topics include North American Free Trade Agreement (NAFTA), the semiconductor industry, the Boeing-Airbus aircraft trade problems, the World Trade Organization (WTO) and developing countries, U.S./Japan trade, trade and the environment, and U.S./China trade.

Credits

5

ECON249B International Trade and Development Policy II

Emphasizes government policies to promote growth. Topics include the Washington Consensus, the East Asian model, and recent policy changes in East Asia, Latin America, Eastern Europe, and the former Soviet Union.

Credits

5

ECON250A Applied Microeconomics I

Theory of the role of public sector expenditures and taxes in market economies. Analyzes efficiency and equity arguments for government intervention. Topics include the role of public debt and deficits in economies, international effects of tax and spending policies, and economic theories of public sector decision making. ECON 204A and ECON 205A are strongly recommended as preparation. Students cannot receive credit for this course and course 150. (Formerly, Public and Applied Economics I.)

Credits

5

ECON250B Applied Microeconomics II

Covers topics in applied microeconomics, including public, labor, education, environmental, and health. Discusses advanced econometric techniques used to establish causal identification. Students read and evaluate current research and develop an independent research agenda. (Formerly Public and Applied Economics II.)

Credits

5

ECON250C Applied Microeconomics III

Covers topics in applied microeconomics, with an emphasis on labor topics not covered in 250A and 250B. Students read and evaluate current research, discuss applications of advanced econometric techniques for causal identification, and develop an independent research agenda.

Credits

5

ECON259A Cost-Benefit Analysis

Applications of economic analysis in public finance, largely from the revenue side: taxation. The issues considered include the effects of taxation on consumer welfare, consumption, labor, capital, production, growth. Course 200 is strongly recommended as preparation. Students cannot receive credit for this course and course 153.

Credits

5

ECON259B Public Policy Analysis

Applications of welfare and microeconomic theory and methodology to the public expenditure question: cost-benefit. Effects of the taxes discussed in course 259A and sophisticated tools used in the face of these and other distortions with regard to measurement of benefits, costs, and the discount rate. Course 200 strongly recommended as preparation.

Credits

5

ECON270 Advanced Topics in Applied Microeconomics

Advanced topics and current research in microeconomic theory and applications, including topics on decision theory, game theory, behavioral economics, and general equilibrium analysis.

Credits

5

ECON272 Evolutionary Game Theory

Reviews static equilibrium concepts, games of incomplete information, and the traditional theory of dynamic games in discrete time. Develops recent evolutionary game models, including replicator and best reply dynamics, and applications to economics, computer science, and biology. Prerequisite(s): upper-division math courses in probability theory are strongly recommended. Cannot receive credit for this course and ECON 166B or CSE 166B.

Credits

5

ECON274 Workshop in Macroeconomics and Monetary Economics

For Ph.D. students in economics who are at the early stages of their research careers as well as for those who are engaged in dissertation work in macroeconomics and monetary economics. Topics vary from quarter to quarter depending on the interests of participants.

Credits

3

ECON275 Workshop in Applied Microeconomics

For Ph.D. students in economics who are at the early stages of their research careers as well as for those who are engaged in dissertation work in applied microeconomics or other empirical work. Topics vary from quarter to quarter depending on the interests of participants.

Credits

3

ECON276 Workshop in Experimental Economics

For economics doctoral students who are at early stages of their research careers as well as those engaged in dissertation research using laboratory experiments and related techniques. Topics vary from quarter to quarter depending on the interest of participants. Enrollment is by permission of instructor.

Credits

3

ECON290 Topics in International Economics

Covers several advanced topics in the history of international economics, international trade, and international finance. Topics include imperfect competition and trade, strategic trade policies, increasing returns, and the pattern of trade, economic geography, exchange rate target zones, and balance of payment crises. Topics vary from year to year. Courses 204A-B-C and 205A-B-C are strongly recommended as preparation.

Credits

5

ECON291 Workshop in Applied Economics

Experience in applied projects, report writing and presentation, drawing on previous coursework.

Credits

5

ECON293 Field Study

Students will undertake analytical projects in public or private institutions. The material covered must be different from that of the thesis topic.

Credits

5

ECON294A Applied Economics and Finance Laboratory

Practical experience in managing computerized data sets and running statistical packages. Covers STATA and R. (Formerly Applied Economics Laboratory.)

Credits

2

ECON294B Applied Economics and Finance Seminar

Bi-weekly seminars designed to present students with current working applications in various fields of applied economics and finance. (Formerly Applied Economics Seminar.)

Credits

2

ECON294C Economics Guest Seminar Series

Bi-weekly seminars by visiting faculty and industry leaders who are experts in their fields provide in-depth insight on topics relevant to graduate students in economics.

Credits

1

ECON294D Applied Economics Seminar

Weekly seminar designed to present students with current working applications in various fields of applied economics.

Credits

2

ECON295 Directed Reading

Reading in research area of student interest, with faculty supervision through weekly discussion. Students submit petition to sponsoring agency. (Formerly course 295A.)

Credits

5

ECON296A Third Year Ph.D. Seminar

Student presentations of literature and/or original research in areas of student research interest. Student discussion of presentations under faculty supervision.

Credits

5

ECON297A Independent Study

Independent study and research under faculty supervision. Students submit petition to sponsoring agency.

Credits

5

ECON297B Independent Study

Independent study and research under faculty supervision. Students submit petition to sponsoring agency.

Credits

10

ECON297C Independent Study

Independent study and research under faculty supervision. Students submit petition to sponsoring agency.

Credits

15

ECON298A Master's Thesis Research

May be taken once to meet course requirements for the master's degree. Students submit petition to sponsoring agency.

Credits

5

ECON298B Master's Thesis Research

May be taken once to meet course requirements for the master's degree. Students submit petition to sponsoring agency.

Credits

10

ECON298C Master's Thesis Research

May be taken once to meet course requirements for the master's degree. Students submit petition to sponsoring agency.

Credits

15

ECON299A Doctoral Thesis Research

Research toward Ph.D. dissertation under faculty supervision. Prerequisite(s): advancement to candidacy and students submit petition to sponsoring agency. (Formerly, course 298 Dissertation Research)

Credits

5

ECON299B Doctoral Thesis Research

Research toward Ph.D. dissertation under faculty supervision. Prerequisite(s): advancement to candidacy and students submit petition to sponsoring agency. (Formerly, course 298 Dissertation Research)

Credits

10

ECON299C Doctoral Thesis Research

Research toward Ph.D. dissertation under faculty supervision. Prerequisite(s): advancement to candidacy and students submit petition to sponsoring agency. (Formerly, course 298 Dissertation Research)

Credits

15