ECON556 Topics in Microeconomics II credit: 4 Hours. Application is made and admission is granted to the Honors plan during the first term of the junior year. The Department of Economics does not give AP credit for ECON 101 or ECON 102. Development of modern macroeconomic theory, including disequilibrium theory, optimal short-term stabilization measures, and monetary, fiscal, incomes, and exchange rate policies; large-scale econometric models; linear and neoclassical growth models; aggregate distribution theory; money, capital movements, trade, and growth; optimal growth models; and exhaustible resources and growth. The senior Honors thesis includes original work completed by the student under the direction of a faculty advisor and the Director of the Honors Program in Economics. ECON551 Topics in Development Econ credit: 4 Hours. ECON426 Monetary Economics and Policy credit: 3 or 4 Hours. Nine additional credits in upper level (300 and 400 level) ECON courses, including at least 3 credits in courses with ECON 401 or ECON 402 as a prerequisite. Same as ACE510, ENVS510, and NRES510. ECON529 Macroeconomics for Business credit: 4 Hours. ECON533 Microeconomic Theory II credit: 4 Hours. ECON302 strongly recommended. 3 undergraduate hours. ECON417 Cost-Benefit Analysis credit: 3 or 4 Hours. Analyzes the ways firms and markets are organized, how they interact, outcomes of various types of firm behavior and performance of markets, and causes and types of market failure. (1343 Documents), ECON 401 - INTERMEDIATE MICROECONOMIC THEORY The undergraduate office is located at238 Lorch Hall, (734) 763-9242. Applications of game theory. Prerequisite: ECON503 or STAT578, or equivalent. Prerequisite: ECON302; MATH220/MATH221 or Calculus I equivalent. Topics include non-cooperative games, dynamic games, mechanism design, auctions, matching and networks. Prerequisite: ECON203; ECON302; MATH220/MATH221 are required. Topics include: detection of anticompetitive behavior; estimation techniques that allow for product differentiation, endogenous entry and intertemporal decision-making; estimation and testing of auctions and other asymmetric information models. MATH 116, 121, 156, 185, 186, 215, 216, 255, 256, 285, 286, 295, or 296 may be substituted for MATH 115. The Student Services Assistant for the economics undergraduate program is available to answer questions about requirements for the major, course offerings, wait-list procedures, career/job information, economics networking program, and other matters concerning the undergraduate program. MATH 116, 215, and 217, or their Honors alternatives, are recommended for students with an interest in quantitative economics. Prerequisite: ECON202; ECON302; MATH220/MATH221 are required. STATS 206, STATS 250 or 280 (Basic), or STATS 426 or ECON 451 (Intermediate), or ECON 453 (Advanced), completed with a grade of C or better. Students who receive 2 credits for ECON 102X may take ECON 102 and receive 4 credits for ECON 102. Indeed, several areas of mathematics were developed for the purpose of solving problems in physics. No professional credit. ECON437 Game Theory credit: 3 or 4 Hours. MATH220, MATH221, MATH234 or equivalent. 3 undergraduate hours. All students intending to major or minor in economics are urged to complete the core requirements in economic theory and in statistics and econometrics before the second term of the junior year. Prerequisite: A course in statistics or consent of instructor. Credit is not given for ECON 462 and ECON425. ECON574 Econometrics I credit: 4 Hours. ECON502 Economic Statistics credit: 4 Hours. 4 graduate hours. email@email.com Walk-in advising is available on Mondays and Thursdays between 2-3pm. Students completing the minor in economics develop analytical skills through exploring the paradigms of microeconomics and macroeconomics at the intermediate level and increase their understanding of economics institutions and of application of economic principles. smcol@umich.edu (734) 615-6832 Collins is on extended leave to serve as the president and CEO of the Boston Federal Reserve Bank. 1220 Student Activities Building 515 E. Jefferson St. Ann Arbor, MI 48109-1316 US. 4 graduate hours. Sales representative @careercenter, Our Strategic Plan for Diversity, Equity & Inclusion, Web Accessibility Statement | Non-Discrimination Policy | UM Gateway - cz. All students intending to major in Economics should endeavor to complete the core requirements in economic theory and in statistics and econometrics before the second term of the junior year. In addition, courses in the ECON subject area may not be used toward the Distribution Requirement. No graduate credit. Considers the basic causes and consequences of international trade, the foreign exchange market and theory of exchange rate determination, the U. S. trade deficit, the international monetary system, and antidumping and countervailing duty law, copyright and patent infringement law, the General Agreement on Tariffs and Trade, the rudiments of strategic trade theory, and selected policy issues varying by year. Course Hero is not sponsored or endorsed by any college or university. Students wishing to enter this field must acquire a strong background in mathematics, science, and computing. ECON 101 and 102 and MATH 115, each completed with grade at least C. One of the Honors alternatives to MATH 115 may be substituted for MATH 115. It focuses on different forms of strategic interactions between agents, including competition, coordination, bargaining, and public choice. Applying statistical methods ECON491 Topics in Econometrics credit: 3 or 4 Hours. Financial analyst In addition, Honors majors must complete a senior Honors thesis. The Department of Economics does not give AP credit for ECON 101 or ECON 102. ECON199 Undergraduate Open Seminar credit: 0 to 5 Hours. Credits in MATH 120 alone do not satisfy the mathematics prerequisite for an economics major or minor. Focusses on information and incentives in economic problems. Particular emphasis on the contribution of game theory as the equilibrium concept in oligopoly settings. Use the Atlas Schedule Builder to create your next academic schedule. www.lsa.umich.edu/econ/undergraduatestudy/departmentaladvising, 2023 Regents of the University of Michigan, ECON 401: Intermediate Microeconomics and ECON 402: Intermediate Macroeconomics, each completed with a grade of at least C- [ECON 401 should be taken before ECON 402.]. Find top universities/colleges offering Master programs Leadership along with their rankings, tuition fees, admission process, entry requirements and scholarships offered. ECON585 Topics in International Econ credit: 4 Hours. Ann Arbor campus requirement: Any courses for themajor can be taken outside the Ann Arbor campus of the University should be approved in advance by an economics department advisor. Speaking persuasively Microeconomic analysis including value and distribution theory; analysis of the pricing of the factors of production integrated in a micro-general equilibrium context which builds towards explaining the resource allocation process. Advanced placement credits in MATH 121 may be substituted for MATH 115. Students with credit for MATH 120 may satisfy the mathematics prerequisite for the Economics major by completing, with a grade of at least C, MATH 115, MATH 116, or one of the Honors alternatives to these courses. Assisting professor and GSI with grading of exams and homework, assuring that all solutions . Application of economic theory to the relationship between workers and firms in the workplace. Econ 485 syllabus SU20.pdf. 4 graduate hours. 238 Lorch Hall See ACE510. Students will: Understand the relevance of statistics in their future course-work and professions; Be trained to identify the proper statistical technique to apply to a problem; Be adept at finding the answers to statistical queries using excel; Be able to properly interpret the results of their analysis. At least 12 credits in the major, including ECON 401, ECON 402, and at least three of the credits in upper-level economics electives in courses with ECON 401 or ECON 402 as a prerequisite, must be taken at the Ann Arbor campus. Prerequisite: ECON302. (586 Documents), ECON 402 - Intermediate Macro Honors majors are required to complete the requirements for a regular major in Economics. May be repeated in separate terms to a maximum of 6 credit hours. Prerequisite: ECON302. A control designer will need to interface with the modeling group to develop a mathematical description of the system to be controlled, and perhaps with the testing group to characterize disturbances or other uncertainties affecting the system. Because of the intimate connection between probability and statistics, students electing this option will usually include statistics courses in their program and sometimes have a dual major inStatistics. The causes of migration and its consequences are examined at national and international levels together with their policy implications, including those related to urbanization, brain drain, and labor market impacts of immigration. Qualified students are encouraged to consider an Honors plan in Economics. See ACE210.This course satisfies the General Education Criteria for:Social & Beh Sci - Soc Sci. ECON576 Time Series credit: 4 Hours. Actuarial assistant For this semester, both of schools aren't open for their business school. To complete the Business Statistics sequence, students must also complete ECON203. Credit is not given for ECON202 if credit for a college-level introductory statistics course such as PSYC235, SOC280, or STAT100 has been earned. Courts and Cases Handout.pdf. Prerequisite: ECON203; ECON302; MATH220 or 221 or other Calculus I equivalent; completion of campus Composition I general education requirement.This course satisfies the General Education Criteria for:Advanced Composition. Fax: 313-593-5645. ECON 101 and 102 and MATH 115, each completed with a grade of C or better. Theory of the organization of markets and firms, behavior of firms, functioning of competitive systems, and performance of markets. ECON 401 (Intermediate Microeconomics) and ECON 402 (Intermediate Macroeconomics), each completed with a grade of at least C-. Commodities broker Intermed Macro Thry. ECON481 Govt Reg of Economic Activity credit: 2 to 4 Hours. These courses develop a deep, foundational understanding of the empirical methods used in economic research. ECON578 Large Sample Theory credit: 4 Hours. Part 1: The construction of econometric models; characteristics of models and choice of estimating methods; and estimates of parameters by various methods. About Us. ECON398 Senior Research II credit: 2 to 4 Hours. Analyzes the supply of and demand for health care, building upon models of consumer, producer, and insurer behavior. Many economic activities do not appear to maximize profits. This sequence will be especially useful to students intending to apply to doctoral programs in economics or finance. No professional credit. ECON397 Senior Research I credit: 2 to 4 Hours. Students must complete the prerequisites to the major before declaring and must have a GPA of 2.0 or better in the major. Phone: 313-593-5096. Empirical Methods in Industrial Organization. email@email.com Analyzes changes in welfare in various market settings such as monopolistic and perfectly competitive markets. Economics Undergraduate Office. ECON 401 should be taken before ECON 402. Studies the features and development of the American economy and examines the watershed events that have transformed it over its history. ECON411 Public Sector Economics credit: 2 to 4 Hours. Be ready to roll, as 401 starts fast and the first couple weeks really set you up for everything. In this course, undergraduates are offered a regular opportunity to interact with alumni from the Department of Economics. Retail buyer The Mathematical Sciences Program is designed to provide broad training in basic mathematics together with some specialization in an area of application of mathematics. Students electing this option must complete Math 463 (Math Modeling in Biology), a second math course from the options list below and one advanced level (numbered over 300) course in biological sciences. ECON 451 : Intermediate Introduction to Statistics and Econometrics I - Michigan Your browser is unsupported. 4 graduate hours. This course satisfies the General Education Criteria for:Social & Beh Sci - Soc Sci. To ensure coverage of these topics, students choosing the Mathematical Economics option will usually choose Math 351 or 451 as their basic analysis course; Math 423, Stat 426, Econ 452, Econ 453, or Econ 454 as courses from the options list; and Econ 401 together with a mathematics course at the 400-level or above as their related courses. Survey of the history of the American economy from the colonial era to the present. As of this writing, the Business School does not accept ECON 101X as a substitute for ECON 101, and it does not accept ECON 102X as a substitute for ECON 102. Honors majors are required to complete the requirements for a regular major in Economics. Prerequisite: ECON532 and ECON535. Topics include: differentiation of prices and products; search cost and price dispersion; network effects and system competition; economics of platforms; intellectual property; antitrust regulations. ECON448 Employee Compensation and Incentives credit: 3 or 4 Hours. Because the emphasis is on the analysis and operation of systems, practitioners are also qualified to deal with managerial problems. Students concentrating in one of the other social sciences are often interested in economic issues and the study of economics provides them with tools useful for analyzing the economic aspects of issues in these other disciplines. Economics Undergraduate Office. The standards for admission are a cumulative grade point average of at least 3.4. Research and readings course for students majoring in economics; may be taken by students in the college honors program in partial fulfillment of the honors requirements. Prerequisite: Junior or senior standing; ECON302; ECON202. Economic forecaster The second half, international finance, covers topics such as balance of payments, exchange-rate determination, currency crises, dollarization, and macroeconomic policy in an open economy. May be repeated. MATH 116, 215, and 217, or their Honors equivalents, are recommended for students with an interest in quantitative economics. ECON 251(Basic), or ECON 452 (Intermediate), or ECON 454 (Advanced); completed with a grade of C or better. This course examines which policies are effective for alleviating poverty, which are not, and why. (311 Documents), ECON 340 - International Economics The goals of the course are four-fold. Creating and evaluating financial reports/statements In-depth analysis of the theory of public goods; includes public goods and externality theory, public choice, theory of cost-benefit analysis, optimal income redistribution, and fiscal federalism. Indeed, in many cases mathematical approaches can answer questions that cannot be addressed by other means, and thus mathematics is often an indispensable tool for biological research. ECON557 Topics in Microeconomics III credit: 4 Hours. Application of economic theory to topical issues such as pollution, climate change, and the environmental impacts of overpopulation. ECON510 Economics of Taxation credit: 4 Hours. MATH 120 may not be substituted for MATH 115. Development of short run macroeconomic models. Students receiving 2 credits for ECON 101X may take ECON 101 and receive 4 credits for ECON 101. Prerequisite: ECON531. Prerequisite: ECON202; ECON302; MATH220/MATH221 or other Calculus course are required. Ann Arbor campus requirement:Any courses to be taken for the minor outside the Ann Arbor campus of the University should be approved in advance by an economics department advisor. 4 graduate hours. It is the basis of mathematical statistics, where the goal is to draw inferences from samples. ECON 401, 402, and statistics are prerequisites to many upper-level economics courses and should be elected during the sophomore or junior year. Among all of the disciplines which make significant use of mathematics, physics has the longest history. In addition, Honors majors must complete a senior Honors thesis. See course schedule for topics. Principles-level course in international economics for non-majors. ECON 490 Economic Theory and Policy (3 credits) General Education: Senior Experience. (477 Documents), ECON 251 - Basic Introduction to Statistics and Econometrics II An Honors plan must include ECON 451 and 452, or ECON 453 and 454. ECON540 Labor Economics I credit: 4 Hours. Students with a serious interest in economic research should elect the advanced sequence, ECON 453 and 454. Ann Arbor, Michigan, United States. Career opportunities are available in many parts of industry and government. Will cover topics such as Nash equilibrium, dominance, voting, bargaining, auction, adverse selection, each of which have broad applications in economics, politics, psychology, and everyday life. Microeconomic and econometric analyses of market failure and government response in selected industries; topics include economic effect of regulation, bureaucratic behavior, optimal policy, and strategies for regulatory reform. School/College. Overview of modern, quantitative, statistical and econometric methods for forecasting and evaluating forecasts. At this stage the designer will select from an arsenal of tools for the controller analysis and synthesisthis generally requires a solid foundation in linear algebra, differential equations, real analysis, and probability. (734) 764-7460 Lobbyist, For more career information, see O*Net at http://online.onetcenter.org/. Students with a serious interest in the study of economics are strongly encouraged to continue the study of calculus beyond MATH 115. It is designed to facilitate a concurrent major inPhysics. Students with a serious interest in the study of economics are strongly encouraged to continue the study of calculus beyond MATH 115. For example, research and analytical skills may be equally useful whether working as an investment banker, urban planner, or technical writer. 3 undergraduate hours. An Honors plan must include ECON 451 and 452, or ECON 453 and 454. The following undergraduate economics courses are offered by the Department of Economics. 3 undergraduate hours. ECON436 Economics of Coordination credit: 3 or 4 Hours. Qualified students are encouraged to consider an Honors major in Economics. The Regents of the University of Michigan, Powered by the Center for Academic Innovation. Expert Help. Note that although Physics 401 is prerequisite to several of these, it does not count as one of the option courses. 4 graduate hours. Neither ECON 451 nor 453 may be counted toward this requirement. The undergraduate office is located at 243 Lorch Hall, (734) 763-9242. Prerequisite: MATH415; ECON500 and ECON501, or equivalent. LSA delivers a purposeful, pragmatic liberal arts education that employers respect and seek out. Installing the extension creates a lightweight The MPAA had shut down Movie2k in 2013 after running a high-pressure operation against them, also involved a letter to the United States House of Representatives. ECON. An introductory course intended to help students explore the various fields of economics. Prerequisite: ECON202; ECON302; MATH220/221 or other Calculus course are required. At least 11 credits in the minor plan, including ECON 401, ECON 402, and the 3 credits in upper-level economics elective with the ECON 401 or ECON 402 prerequisite, must be taken at the Ann Arbor campus. Also examines the strategies used by governments to select from alternative policies, and how assets are purchased or sold in order to implement the policy. To declare an Economics major,schedule an appointment with an Economics Department advisor. ECON516 Monetary Theory credit: 4 Hours. Student organizations and campus employment offer valuable opportunities to add to the skills you are developing in your classes. 2 or 4 graduate hours. 3 undergraduate hours. Students who receive 2 credits for ECON 102X may take ECON 102 and receive 4 credits for ECON 102. Enrollment limited to undergraduate Economics majors only. Any 600-level course in Economics may be counted as an elective with ECON 401 or ECON 402 as a prerequisite, but undergraduate election of a 600-level course requires approval of the instructor. (734) 763-9268, careercenter@umich.edu Students with this credit may complete the economics mathematics prerequisite by completing, with a grade of at least C, MATH 115, MATH 116, or one of the Honors alternatives to these courses. ECON562 Topics in Macroeconomics I credit: 4 Hours. 1255 Angell Hall ECON528 Microeconomics for Business credit: 4 Hours. ECON519 Development and Growth Policy credit: 4 Hours. Prerequisite: ECON302 or equivalent; one of MATH220 or MATH221 or equivalent. Browse Courses MATH116, 121, 156, 185, 186, 215, 216, 255, 256, 285, 286, 295, or 296 may be substituted for MATH 115. Both market-based and regulatory solutions to these problems are discussed. Estimation of parameters for single-equation models; tests of hypotheses and confidence regions for regression models; large-sample theory in single-equation models; and Bayesian statistics in regression models. Students will be introduced to major principles in compensation design and will examine the incentives embedded in various compensation systems. The best course to meet this requirement is ECON202 at the University of Illinois. MATH 120 may not be substituted for MATH 115. General requirements: An economics major must include a minimum of 29 credits, distributed as follows: ECON 401 should be elected before ECON 402. Analysis of private sector behavior functions, and government policy alternatives. Public relations media planner Our Commitment. Applying quantitative analysis Spring 2016. Same as LER540. Students receiving 2 credits for ECON 101X may take ECON 101 and receive 4 credits for ECON 101. ECON513 International Trade credit: 4 Hours. ECON530 Microeconomic Theory I credit: 4 Hours. View on a map The standards for admission are a cumulative grade point average of at least 3.5 and evidence of outstanding ability in economics. MATH 120 may not be substituted for MATH 115. Required pre-requisite: MATH 115 or 116 or 121 or 156 or 176 or 185 or 186 or 215 or 285 or 295 or 296; (C or better) Advisory pre-requisite: ECON 101 and 102 (4 credits) 402. Thus, anyone who intends to concentrate in economics, to minor in economics, or to take electives in economics at the 300 or 400 level should enroll in ECON 101 and/or ECON 102. The senior Honors thesis includes original work completed by the student under the direction of a faculty advisor and the Director of the Honors Program in Economics. Topics include linear regressions; modeling and forecasting trends and seasonality; characterizing and forecasting cycles; MA, AR, and ARMA models; forecasting with regressions; evaluating and combining forecasts. ECON548 Adv Natural Resource Economics credit: 4 Hours. Whenever the department lists ECON 101 or ECON 102 as a prerequisite, the department does not accept AP credit as a substitute. Students achieving a 4 or 5 on the AP Microeconomics exam receive 2 credits for ECON 101X, and students achieving a 4 or 5 on the AP Macroeconomics exam receive 2 credits for ECON 102X. ECON527 Business International Econ credit: 4 Hours. Honors majors are given priority in election of one section of ECON 495 (Seminar in Economics). ECON422 International Macroeconomics credit: 3 or 4 Hours. Degree Name Students will be auto-enrolled in section 001 when they elect sections 002-003. Foreign trade analyst Application is made and admission is granted to the Honors major during the first term of the junior year. ECON 101 and 102 and MATH 115, each completed with a grade of at least C. One of the Honors alternatives to MATH 115 may be substituted for MATH 115. Plus, hear from students who have used Atlas. Prerequisite: ECON203 and ECON302 or equivalents; for undergraduate students only: Completion of campus Composition I general education requirement. 2 or 4 graduate hours. Students will develop the skills to account for uncertainty when weighing the costs and benefits of a project or policy, as well as its potential distributional effects. By using Atlas, you are agreeing to abide by our Terms of Service. Students will use quantitative analysis and economic theories to answer economic questions and uncover relationships between variables across a variety of topics; instruction in statistical and computing techniques as needed. View our presentations and information from wherever you are. Prerequisite: ECON202; ECON302; MATH220 or MATH221 or other calculus course are required. Preparation of thesis required of all students writing master's or doctoral theses in economics. , undergraduates are offered by the Center for academic Innovation Reg of economic theory to topical issues as. 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