Economics
Lower-Division Courses
1. Introductory Microeconomics: Resource
Allocation and Market Structure. F,W,S
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. (General
Education Code: IS.) The Staff
2. Introductory Macroeconomics: Aggregate Economic Activity. F,W,S
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. (General Education Code: IS.)
The Staff
10A. Economics of Accounting. F,W
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.
R. Shepherd, S. Osborne, D. Gusarson
10B. Economics of Accounting. W,S
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. Prerequisite(s): course 10A. R. Shepherd,
S. Osborne, D. Gusarson
11A. Mathematical Methods for Economists. F,W,S
An introduction to mathematical tools and reasoning, with applications
to economics. Topics are drawn from precalculus and calculus and include
functions and graphs, techniques of differentiation, relative extrema,
logarithms and exponents, and differentials. Students who have already
taken Mathematics 11A and 19A should not take this course. (Also offered
as Engineering 011A. Students cannot receive credit for both courses.)
Prerequisite(s): score of 28 or higher on Math Placement Exam. Students
who do not place into precalculus should enroll in Mathematics 1. (General
Education Code: Q.) J. Katznelson
11B. Mathematical Methods for Economists. F,W,S
Mathematical tools and reasoning, with applications to economics. Topics
are drawn from integral calculus, multivariable calculus, and linear algebra
and include definite integrals, partial derivatives, Lagrange multipliers,
matrix algebra, and solving systems of linear equations. (Also offered
as Engineering 011B. Students cannot receive credit for both courses.)
Prerequisite(s): course 11A or Engineering 11A or a course in differential
calculus (e.g., Mathematics 11A or 19A) is required as preparation for
this class. (General Education Code: Q.) J. Katznelson
42. Student-Directed Seminar. F,W,S
Seminars taught by upper-division students under faculty supervision.
(See course 192.) The Staff
80A. The Theory, Hope, and Crisis of Capitalism. S
Assessment of modern-day capitalism from the three major economic paradigms-liberal,
conservative, radical. Theories of Smith, Marx, and Keynes are explored
in contemporary writing, with focus on the U.S. from WW II to present.
Students cannot receive credit for this course and course 189. (General
Education Code: T3-Social Sciences.) D. Kaun
*80F. Immigration.
The economic and social causes and consequences of immigration into the
United States. Both historical and current immigration are considered.
Emphasis placed on California's experience, on national and state policy,
and on the ethics of immigration policy. (General Education Code: T3-Social
Sciences.) J. Isbister
80G. Money and the Arts: Two All-Consuming Passions. W
Analysis of the performing arts: a commodity providing a rich and varied
source of satisfaction, an occupation for thousands of talented and creative
individuals, and an activity whose funding (public versus private) is
the source of significant controversy. Students cannot receive credit
for this course and course 137. (General Education Code: T3-Social Sciences.)
D. Kaun
80H. Wall Street and the Money Game. W
Provides a demystifying introduction to financial markets. Examines the
theory of stock market investment, the workings of the international money
market, the implications of corporate takeovers, and the regulation of
the economy by the Federal Reserve Board. (General Education Code: T3-Social
Sciences.) B. Elbaum
93. Field Study. F,W,S
Supervised fieldwork experience, off campus, in an area connected with
economics or business. Prerequisite(s): petition on file with sponsoring
agency. May be repeated for credit. The Staff
93F. Field Study (2 credits). F,W,S
Supervised off-campus fieldwork experience in an area connected with economics
or business. Prerequisite(s): permission of instructor; petition on file
with sponsoring agency. The Staff
99. Tutorial. F,W,S
The Staff
Upper-Division Courses
100A. Intermediate Microeconomics. F,W,S
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. Prerequisite(s):
courses 1 and 11A; course 11B is strongly recommended. The Staff
100B. Intermediate Macroeconomics. F,W,S
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. Prerequisite(s): courses 1, 2, and
11A. The Staff
101. Managerial Economics. W
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. Prerequisite(s): courses 100A and
113. The Staff
102. Forecasting. F
Theory and analysis of long-run and short-run forecasts of economic activity.
Emphasis is on empirical applications. Applications of forecasting techniques
in organizational settings. Prerequisite(s): courses 100B and 113.
The Staff
104. Is There Truth in Numbers: The Role of Statistics in Economics.
S
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. Prerequisite(s): courses 100A, 100B, and 113. The Staff
*105. Topics in Macroeconomic Theory.
A seminar in advanced macroeconomics focusing on a selection of theoretical
issues. Emphasis is on detailed modeling and analysis of macroeconomic
processes. Course 100B is strongly recommended as preparation. May be
repeated for credit. The Staff
106. Evolutionary Thought in the Social Sciences. F
Emphasizes class discussion and term papers for social science, philosophy,
and biology majors. Covers the development and recent trends of evolutionary
thought in biology and social sciences including social Darwinism, sociobiology,
evolutionary psychology, and evolutionary game theory. Prerequisite(s):
satisfaction of the Subject A and Composition requirements. (General Education
Code: W.) D. Friedman
107. Economic Justice. F
Theories of justice, equity, and rights in economics and their applications
to such issues as wages, taxation, property rights, welfare programs,
and globalization. Students get extensive practice in writing persuasive,
argumentative essays. Prerequisite(s): course 1, satisfaction of the Subject
A and Composition requirements. (General Education Code: W.) J. Isbister
*108. History of Economic Thought.
The evolution of economic ideas from the early eighteenth to the late
nineteenth century. The intellectual and social background that influenced
the more important contributions is considered. Prerequisite(s): courses
1 and 2. The Staff
110. Managerial Cost Accounting and Control. S
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. Prerequisite(s): course 10B. R.
Shepherd
111A. Intermediate Accounting I. F
Principles, control, and theory of accounting for assets; accounting as
an information system; measurement and determination of income. Projects
involving spreadsheet software required. Prerequisite(s): course 10B.
R. Shepherd
111B. Intermediate Accounting II. W
Principles, control, and theory of accounting for liabilities and equities;
preparation and analysis of cash flow statements and earnings per share
computation. Projects involving spreadsheet software required. Prerequisite(s):
course 10B. R. Shepherd
113. Introduction to Econometrics. F,W,S
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 Engineering 113. Prerequisite(s): courses 1, 2, and either
course 11B or Mathematics 22. Courses 100A or 100B strongly recommended
as preparation. (General Education Code: Q.) The Staff
114. Advanced Quantitative Methods. F
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. Prerequisite(s):
courses 100A and 113. The Staff
115. Introduction to Management Sciences. S
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. Prerequisite(s): course 100A.
The Staff
117. Tax Factors of Business and Investment. W
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. Prerequisite(s):
course 10B. The Staff
119. Advanced Accounting. S
Accounting for business organizations; partnerships; government and non-profit
organization funds; branches, consolidations, and installment sales. Projects
involving spreadsheet software required. Prerequisite(s): courses 111A
and 111B. R. Shepherd, S. Osborne
120. Economic Development. S
A comparative approach to the study of the economic development of low-income
countries. Various obstacles to growth are identified, and different types
of solutions are analyzed. Prerequisite(s): courses 1 and 2. (General
Education Code: E.) The Staff
125. Economic History of the U.S. F
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. Prerequisite(s): courses
1 and 2. Related course work in history also helpful. B. Elbaum
126. Why Economies Succeed or Fail: Lessons from Western and Japanese
History. W
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. Prerequisite(s): courses 1 and 2.
Related course work in history also helpful. B. Elbaum
128. Poverty and Public Policy. W
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. (Also offered as Legal Studies 128. Students cannot receive
credit for both courses.) Prerequisite(s): satisfaction of the Subject
A and Composition requirements; courses 100A and 113, or permission of
instructor. Enrollment limited to 20. Enrollment restricted to majors
in economics, business management economics, global economics, legal studies,
or combined majors in environmental studies/economics or Latin American
and Latino studies/global economics. (General Education Codes: W, E.)
R. Fairlie, L. Kletzer
*129. Political Economy of Policy Reform.
Analyzes the adoption, timing, sequencing, relative economic performance
of different "market-friendly" economic reform strategies. Explores issues
of "shock therapy" versus "gradualism," connections between form of regime
(democracy or dictatorship) and economic reform packages, and strengths
and limitations of a rational-choice theoretic approach to explaining
outcomes. (Also offered as Legal Studies 129. Students cannot receive
credit for both courses.) Prerequisite(s): course 100A. The Staff
130. Money and Banking. F
The institutional structure of central banking and of bank and nonbank
financial intermediation in the U.S.; theoretical and empirical investigations
of the role of monetary policy in macroeconomic stabilization and economic
growth. Prerequisite(s): courses 100B and 113. The Staff
131. International Financial Markets. W
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. Prerequisite(s): courses 100A and 100B. The Staff
133. Security Markets and Financial Institutions. F,S
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. Prerequisite(s): courses 100A and 113.
The Staff
*134. Environmental Business.
Focuses on marketing and society and the environmental problems which
affect marketing managers and corporate strategy. Evaluates the relationships
between the environment and the business world, and explores the political
and economic concepts that underlie environmental thinking. Prerequisite(s):
course 1. The Staff
135. Corporate Finance. W
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. Prerequisite(s):
courses 10A, 100A, and 113. The Staff
136. Business Strategy. W
The strategic management process, techniques for analyzing single-business
and diversified companies, implementing strategy, organization, business
planning, financial strategy, competitive analysis, entrepreneurial skills.
Prerequisite(s): courses 10A and 100A. The Staff
136L. Laboratory Business Strategy (2 credits). W
Laboratory sequence discussing business simulation game associated with
course 136. One three-hour session in microcomputer lab. Prerequisite(s):
concurrent enrollment in course 136. The Staff
137. Performing Arts in the Public and Private Economy. W
Analysis of the performing arts: a commodity satisfying a rich and varied
source of satisfaction, an occupation for thousands of talented and creative
individuals, and an activity whose funding (public versus private) is
the source of significant controversy. Economics 1 is strongly recommended
as a preparation. Students cannot receive credit for this course and course
80G. D. Kaun
138. The Economics and Management of Technology and Innovation.
S
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. Prerequisite(s):
courses 10A and one of the following courses: 101, 115, 135, or 136.
The Staff
139A. The Economics of Electronic Commerce. W
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. Prerequisite(s): course 100A, or permission of instructor.
N. Singh
*139B. E-Commerce Strategy.
Introduction and review of economic principles for e-commerce. Overview
of trends in e-commerce. Online retailing of physical products; digital
products; financial services; housing and related markets. Online business-to-business
transactions. Internet infrastructure industry. Government regulation
of e-commerce and business strategy responses. Prerequisite(s): course
139A. N. Singh
140. International Trade. F
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. Prerequisite(s): course 100A. The Staff
141. International Finance. F
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. Prerequisite(s): 100B. The Staff
142. Advanced Topics in International Economics. S
Selected issues in contemporary international economics: theory, empirical
evidence, and public policy. Seminar emphasizing discussion and individual
research. Prerequisite(s): satisfaction of the Subject A and Composition
requirements, courses 100A and 100B; course 113 strongly recommended.
(General Education Code: W.) The Staff
*143. Policy Issues in the International Economy. S
Covers selected issues concerning the international economy. Topics include
U.S. competitiveness, U.S. trade policy, immigration, trade and the environment,
the developing countries, foreign investment, foreign exchange markets
and international economic institutions. Students cannot receive credit
for this course and course 80B. Prerequisite(s): courses 1, 2, and 100A.
I. Kohli
*144. The Modern European Economy.
A comparative study of major European economies since 1945. Focuses on
the alternative means with which European countries have pursued social
and economic objectives. The approach is analytical and requires a thorough
background in micro- and macroeconomics. Prerequisite(s): courses 1 and
2; courses 100A and 100B are strongly recommended. The Staff
*145. Comparative Economic Systems.
Study of centrally planned systems and their problems of transition to
market mechanisms. Focus on issues of resource mechanisms, income distribution,
and the role of ideology in economic decisions. Prerequisite(s): courses
1, 2, and 100A. The Staff
*147. The Political Economy of Japan.
Deals with various aspects of the contemporary Japanese economy. The first
part of the course focuses on the domestic structure, with emphasis on
the internal structure of the Japanese firms. The second part focuses
on trade issues of Japan. Prerequisite(s): courses 100A and 100B. The
Staff
148. Latin American Economies. F
This course is designed to familiarize students with the economic and
business environment in Latin America. Prerequisite(s): courses 1 and
2. The Staff
149. The Economies of East and Southeast Asia. S
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. Prerequisite(s):
courses 1 and 2. The Staff
150. Public Finance. F
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. Prerequisite(s): course 100A and 100B. The Staff
152. Setting Domestic Priorities. S
Analysis of the economics and political economy of a number of contemporary
policy issues facing the U.S.: immigration, affirmative action programs,
health care reform, welfare reform, income inequality, education and training,
entitlement spending, taxes, and government budgets. Course 100B strongly
recommended as preparation. Students cannot receive credit for this course
and course 80E. Prerequisite(s): course 100A. The Staff
153. Cost-Benefit Analysis. W
Study of techniques used in evaluating expenditures in the public sector,
including the identification and measurement of benefits and costs and
a survey of welfare-theory concepts underlying the analysis. A substantial
part of the course is assigned to specific case studies. Prerequisite(s):
courses 100A and 100B. The Staff
*154. The Political Economy of Military Spending in the Cold War
Era.
The growth, size, and composition of post WW II military expenditures
are analyzed in terms of alternate theories-mainstream, Marxist, bureaucracy,
and private interest group-followed by analysis of the economic effects
and effectiveness of military expenditures in the U.S. Prerequisite(s):
courses 1 and 2. D. Kaun
160. Industrial Organization. W
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.
(Also offered as Legal Studies 160. Students cannot receive credit for
both courses.) Prerequisite(s): course 100A. The Staff
161. Marketing. W,S
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.
Prerequisite(s): course 100A. The Staff
162. Legal Environment of Business. F
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. (Also offered as Legal Studies
162. Students cannot receive credit for both courses.) Prerequisite(s):
course 100A. The Staff
164. Economics and the Telecommunications Industry. F
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. Prerequisite(s): course
100A and 113. The Staff
*165. 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. Prerequisite(s): satisfaction of the Subject A and Composition
requirements, course 100A. Enrollment limited to 20. (General Education
Code: W.) D. Friedman
169. Economic Analysis of the Law. W
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. (Also offered
as Legal Studies 169. Students cannot receive credit for both courses.)
Prerequisite(s): course 100A or permission of instructor. D. Wittman
170. Environmental Economics. S
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. Prerequisite(s): courses 100A and 113. The
Staff
171. Natural Resource Economics. W
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.
Prerequisite(s): course 100A. The Staff
175. Energy Economics. S
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. Prerequisite(s):
course 100A. The Staff
180. Labor Economics. S
A study of the changing nature and composition of the U.S. labor force.
Topics include the demand for and supply of labor; wage determination;
the role and impact of unions in the labor market; racial, ethnic, and
gender differences in job and income opportunities and the role of discrimination
in explaining these differences; and the theory of human capital, all
considered from the traditional neo-classical as well as institutional
and radical perspectives. Prerequisite(s): courses 1 and 2; courses 100A
and 113 are strongly recommended as preparation. D. Kaun, L. Kletzer
181. Economics of Real Estate. F
The economics of real estate, including development, financing, construction
and land costs, zoning, land use, externalities, and planning. Also considers
speculation and real estate appreciation. Prerequisite(s): course 100A
and 100B. The Staff
*182. Industrial Relations.
An analysis of institutions and public policy in labor economics and industrial
relations. Major topics include the nature of organized labor, the economic
impact of unions, labor relations law, and management personnel practices.
Prerequisite(s): courses 1 and 2. The Staff
*183. 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. (Also offered as Legal Studies
183. Students cannot receive credit for both courses.) Prerequisite(s):
satisfaction of Subject A and Composition requirements; courses 1, 2,
and 100A; course 113 strongly recommended. (General Education Code: W.)
L. Kletzer
184. Labor Wars in Theory and Film. W
This seminar focuses on the impact of trade unions and labor-market discrimination
on the U.S. work force. The neo-classical, institutional, and radical/Marxist
approaches to these questions are employed in the analysis. Films, both
fictional and documentary, are utilized as primary source material. Prerequisite(s):
courses 100A, 100B, and 113; satisfaction of the Subject A and Composition
requirements. Enrollment limited to 20. (General Education Code: W.)
D. Kaun
186. Mathematical Methods for Economic
Analysis. F
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. Prerequisite(s): interview only: admitted to MS or Pathway
Programs. The Staff
188. Management in the Global Economy. W
An overview of how firms do business in the global economy. Focus is on
the firm, but also explores the impact of corporate decision-making on
national welfare. Emphasizes how national economic policies and international
institutions influence firm strategy and industrial structure. Prerequisite(s):
courses 2 and 100A; course 100B strongly recommended as preparation. Enrollment
limited to 75. The Staff
189. Political Economy of Capitalism. S
An assessment of modern day capitalism from the three major economics
paradigms-liberal, conservative, radical. Theories of Smith, Marx, and
Keynes are explored in contemporary writing, with focus on the U.S. from
WW II to present. Students cannot receive credit for this course and course
80A. Prerequisite(s): courses 1 and 2; courses 100A and 100B are recommended
as preparation. D. Kaun
190. 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. The Staff
191. Economics Teaching Practicum. F,W,S
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. May be repeated for
credit. The Staff
192. Directed Student Teaching. F,W,S
Teaching of a lower-division seminar, course 42, under faculty supervision.
May not be counted toward the upper-division major requirements.
Prerequisite(s): petition on file with sponsoring agency. The Staff
193. Field Study. F,W,S
Provides for department-sponsored individual field study in the vicinity
of the campus under the direct supervision of a faculty sponsor (in contrast
to course 198 where faculty supervision is by correspondence). May not
be counted toward the upper-division major requirements. Prerequisite(s):
petition on file with sponsoring agency. May be repeated for credit.
The Staff
193F. Field Study (2 credits). F,W,S
Provides for department-sponsored individual field study in the vicinity
of the campus under the direct supervision of a faculty sponsor. May not
be counted toward the upper-division major requirements. Students spend
8-10 hours per week at job site. Prerequisite(s): petition on file with
sponsoring agency. May be repeated for credit. The Staff
*194. Advanced Topics in Business Management Economics (2 credits).
This honors course for business management economics majors provides detailed
analyses of specialized topics in finance and technology management. Topics
may include venture capital, financial services industry, e-business,
high tech entrepreneurship, high tech marketing, risk management, and
options value approaches to business strategy. Corporate executives give
guest lectures. Prerequisite(s): permission of instructor; review of performance
in economics courses. Enrollment limited to 20. Enrollment restricted
to senior business management economics majors. N. Singh
195. Senior Thesis. F,W,S
A supervised research project. If the project is of unusual scope, the
course may be repeated for credit. Prerequisite(s): satisfaction of the
Subject A and Composition requirements, petition on file with sponsoring
agency. (General Education Code: W.) The Staff
198. Independent Field Study. F,W,S
Provides for department-sponsored individual study program off campus
for which faculty supervision is not in-person, but by correspondence.
May not be counted toward the upper-division major requirements.
Prerequisite(s): petition on file with sponsoring agency. May be repeated
for credit. The Staff
198F. Independent Field Study (2 credits). F,W,S
Provides for department-sponsored individual study program off campus
for which faculty supervision is not in person, but by correspondence.
May not be counted toward the upper-division major requirements.
Prerequisite(s): petition on file with sponsoring agency. May be repeated
for credit. The Staff
199. Tutorial. F,W,S
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. Prerequisite(s): petition on file with sponsoring agency. The
Staff
199F. Tutorial (2 credits). F,W,S
Specialized study with individual faculty. May not be applied toward the
major requirement. Prerequisite(s): petition on file with sponsoring agency.
May be repeated for credit. The Staff
Graduate Courses
200. Microeconomic Analysis. F
Survey of partial equilibrium analysis, market distortions, consumer choice
and production and trade theory, perfect and imperfect competition, price
discrimination, and intertemporal choice theory. The Staff
201. Applications in Microeconomics. S
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. The Staff
202. Macroeconomic Analysis. W
Aggregate economic analysis: determinants of aggregate expenditures and
output, the roles of monetary and fiscal policy, recent developments in
macro theory; macro policy issues. The Staff
*203. Applications in Macroeconomics.
Applies concepts and tools developed in course 202 to practical problems
and policy-related issues. Emphasis is on empirical applications and student
projects. Topics covered include the relationships between budget deficits
and interest rates, money and prices, and tax policy and personal savings.
Course 202 is strongly recommended as preparation. The Staff
204A-B-C. Advanced Microeconomic Theory. F-W-S
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. Illustrative
examples emphasize international applications. Courses must be taken in
sequence. Prerequisite(s): 204A is prerequisite for 204B; 204B is prerequisite
for 204C. The Staff
205A-B-C. Advanced Macroeconomic Theory. F-W-S
Modern macroeconomic theory: determination of national income; employment,
inflation, and exchange rates; theories of growth and business cycle fluctuations;
international transmission of inflation and other disturbances; recent
developments in the analysis of macroeconomic policy; modern theoretical
and empirical analysis of aggregate relationships. Courses must be taken
in sequence. Prerequisite(s): 205A is prerequisite for 205B; 205B is prerequisite
for 205C. The Staff
209A. Accounting 1. F
Principles, control, and theory of accounting for assets; accounting as
an information system; measurement and determination of income. M.S. level
projects required. Enrollment restricted to graduate students. R. Shepherd
209B. Accounting II. W
Principles, control, and theory of accounting for liabilities and equities;
preparation and analysis of cash flow statements and earnings per share
computation. M.S. level projects required. R. Shepherd
*210A. 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. The Staff
210B. Mathematical Methods for Economic Analysis. F
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.
The Staff
211A-B. Advanced Econometrics. W,S
Advanced econometric methods are introduced. Topics include the standard
regression analysis, simultaneous equation estimation, nonlinear models,
qualitative response models, panel data analysis, and univariate and multivariate
time series analysis. Course 211A is strongly recommended as preparation
for course 211B. The Staff
211C. Topics in Empirical Research. F
A topic course in econometrics designed for graduate students interested
in quantitative analysis. Selected topics, including standard and recently
developed econometric techniques, are critically and thoroughly discussed.
In addition to methodology, focuses on exploring the research potential
and applications of advanced econometric techniques. Courses 211A and
211B are strongly recommended as preparation. The Staff
*212. Empirical Project in Econometrics (2 credits).
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. May be repeated for credit. The Staff
216. Applied Econometric Analysis I. F
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. The Staff
217. Applied Econometric Analysis II. W
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. The Staff
220A-B. Development Economics: Theory and Cases. W-S
Surveys traditional development economics and the neo-classical resurgence
in development theory. Topics include sources of growth, income distribution,
population and human capital development, savings, fiscal and monetary
mobilization and allocation, foreign investment and aid, and macroeconomic
policies. Case study focus in the second quarter. Courses 204A and 205A
are strongly recommended as preparation. The Staff
233. Finance I. S
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. The Staff
*234. 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.
Prerequisite(s): course 233. The Staff
235. Corporate Finance. F
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. Prerequisite(s): course 233.
The Staff
236. Financial Engineering. W
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. Prerequisite(s): course 233. The Staff
*239. Current Topics in Finance.
Topics in finance selected by the instructor. Prerequisite(s): course
233. The Staff
240A. Advanced International Trade Theory
I. F
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.
Courses 204A-B-C are strongly recommended as preparation. Enrollment restricted
to graduate students. The Staff
240B. Advanced International Trade Theory II. W
This is the second quarter of a two-quarter sequence. It deals with most
major current advanced research topics in trade. It is both theoretical
and empirical and is designed to acquaint students with recent research
in the field. Research topics include models of political economy of trade
policies; trade and labor markets; regionalism and multilateralism; trade
and environment; theories, determinants, and implications of foreign direct
investments; economic geography. Prerequisite(s): course 240A. The
Staff
240C. Advanced International Trade Theory III. S
Covers the empirical aspects of international trade issues. Topics include
the testing and estimation of various trade models such as the Ricardian
model, Heckscher-Ohlin-Vanek model, intra-industry trade models, trade
models associated with multinational corporations, models of trade and
intellectual property rights, the impact of trade on income inequality,
and trade between developed and developing economies. Prerequisite(s):
course 240B. Enrollment restricted to graduate students. The Staff
241A. Advanced International Finance I. F
Financial aspects of aggregate capital and trade flows and income determination
in open economies. Specific topics include financial risk in the international
setting, international borrowing and lending, money and exchange rate
regimes, income determination and macroeconomic policy, current issues
in international monetary reform. (Formerly Advanced International
Finance.) The Staff
241B. Advanced International Finance II. W
An examination of the formulation and implementation of international
economic policy from both theoretical and empirical perspectives. Topics
include case studies in fiscal, monetary, exchange rate, tariff, and other
regulatory policies. (Formerly Theory and Practice of International
Economic Policy.) The Staff
241C. Advanced International Finance III. S
Focuses on empirical applications in international finance. Topics include
structural and reduced form models of exchange rates, interest parity
conditions, purchasing power parity, capital controls, capital flows to
emerging markets, and government intervention in foreign exchange markets.
Courses 202 and 203 or 205A-B-C strongly recommended as preparation. (Formerly
Empirical Applications in International Finance.) The Staff
243. History of the International Economy. F
Studies the evolution and functioning of the international economy from
the days of the gold standard to the present. Particular attention is
paid to the interwar period with its problems of structural transformations
and their relation to the Great Depression and its immediate aftermath,
the rise and fall of the Bretton Woods system, the experience of floating
exchange rate regimes, the rise of the "new industrial countries," and
the problems of international indebtedness. Courses 204A and 205A are
strongly recommended as preparation. B. Elbaum
249A. International Trade and Development Policy I. W
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. Enrollment restricted to graduate students. The
Staff
*249B. 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. Prerequisite(s):
course 249A. Enrollment restricted to graduate students. The Staff
*250. Advanced Public Finance.
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. Courses 204A and 205A are strongly recommended
as preparation. The Staff
259A. Cost-Benefit Analysis. W
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. The Staff
*259B. 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. The Staff
*260. Economic Institutions and the
Environment.
Focuses on the economy's utilization of natural resources and ecosystems
from the perspectives of New Institutional Economics (NIE) and Ecological
Economics (EE). Concepts and tools from NIE and EE are introduced and
then explored in deposition/recycling of natural resources. Open to advanced
undergraduates with instructor permission. (Also offered as Environmental
Studies 260. Students cannot receive credit for both courses.) Enrollment
restricted to graduate students. B. Haddad
*262. Property Rights and the Environment.
Examines the property rights bases of environmental change and resource-based
conflict. Early sessions offer a theoretical understanding of property
rights. Subsequent sessions apply the theory to local, national, and international
environmental issues and conflicts. Companion course to Environmental
Studies 260/course 275. (Also offered as Environmental Studies 262. Students
cannot receive credit for both courses.) Enrollment restricted to graduate
students. B. Haddad
*270. Advanced Topics in Microeconomic Theory.
Advanced topics and current research in microeconomic theory, including
game theory and general equilibrium analysis. Courses 204A-B and 205A
are strongly recommended as preparation. The Staff
*271. Advanced Topics in Macroeconomic Theory.
Advanced topics and current research in macroeconomic theory, including
DSGE models, empirical issues, and optimal policy analysis. Prerequisite(s):
courses 204A-B-C, 205A-B-C, and 211A-B-C are strongly recommended as preparation.
The Staff
*272. 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. (Also offered
as Biology 274 and Computer Science 272. Students cannot receive credit
for both courses.) Prerequisite(s): upper-division math courses in probability
theory are strongly recommended. D. Friedman
*290. 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. The
Staff
291. Workshop in Applied Economics. S
Experience in applied projects, report writing and presentation, drawing
on previous course work. The Staff
293. Field Study. F,W,S
Students will undertake analytical projects in public or private institutions.
May be taken once to meet course requirements for the master's degree.
The material covered must be different from that of the thesis topic.
The Staff
294A. Applied Economics Laboratory (2 credits). F
Practical experience in managing computerized data sets and running statistical
packages. Covers SAS, RATS, TSP, Bridge Equity System, LIMDEP, GAUSS,
and MAPLE programs; and internet, IFS, OECD, and SPIRS EconLit databases.
(Formerly Economics 294.) May be repeated for credit. The Staff
294B. Applied Economics Seminar (2 credits). W
Weekly seminar designed to present students with current working applications
in various fields of applied economics and finance. Enrollment restricted
to graduate students. May be repeated for credit. The Staff
295A-B-C. Directed Reading. F,W,S
Reading in research area of student interest, with faculty supervision
through weekly discussion. Prerequisite(s): interview with sponsoring
agency. May be repeated for credit. The Staff
296A-B-C. Third Year Ph.D. Seminar. F,W,S
Student presentations of literature and/or original research in areas
of student research interest. Student discussion of presentations under
faculty supervision. Prerequisite(s): courses 204C, 205C, 211B, 240A,
240B, 241A, and 241B are required preparation. The Staff
297. Independent Study. F,W,S
Independent study and research under faculty supervision. Prerequisite(s):
petition on file with sponsoring agency. May be repeated for credit.
The Staff
298. Dissertation Research. F,W,S
Research toward Ph.D. dissertation under faculty supervision. Prerequisite(s):
advancement to candidacy and petition on file with sponsoring agency.
May be repeated for credit. The Staff
299. Thesis Research. F,W,S
May be taken once to meet course requirements for the master's degree.
Prerequisite(s): petition on file with sponsoring agency. The Staff
*Not offered in 2003-04