College of LS&A

Spring/Summer 2002 Course Guide

Note: You must establish a session for the correct term (Spring, Summer, or Spring/Summer 2002) on wolverineaccess.umich.edu in order to use the link "Check Times, Location, and Availability". Once your session is established, the links will function.

Courses in Economics

This page was created at 6:19 PM on Sun, Jun 30, 2002.


Summer Half-Term Courses


ECON 441. International Trade Theory.

International Economics

Section 201.

Instructor(s): Alan V Deardorff (alandear@umich.edu)

Prerequisites: Econ. 401. (3). Rackham credit requires additional work.

Credits: (3).

Course Homepage: http://www.econ.lsa.umich.edu/~alandear/courses/441/441.html

This course introduces the theory of international trade. It explores the important theories that explain what countries trade and why they gain from trade. These theories include the theory of comparative advantage and the factor-proportions theory of trade, as well as more recent theoretical developments based on imperfect competition. The course deals with several other related topics such as empirical tests and applications of trade theory, the theory of trade policy, preferential trading arrangements, the WTO, international factor movements, and trade and economic development. Prerequisite: Econ. 401

Check Times, Location, and Availability Cost: 2 Waitlist Code: No Data Given.

ECON 499. Independent Research.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Written permission of staff member supervising research, and permission of the economics concentration advisor. (1-4). No more than four credits may be used in an economics concentration program. Rackham credit requires additional work. (INDEPENDENT). May be repeated for a total of eight credits.

Credits: (1-4).

Course Homepage: No homepage submitted.

Student and instructor agree on a substantial piece of work involving reading or research. Evaluation is based on the written work, either papers or examinations.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 5, Permission of Instructor

ECON 599. Special Tutorial.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Graduate standing and permission of instructor. (1-3). (INDEPENDENT).

Credits: (1-3).

Course Homepage: No homepage submitted.

No Description Provided. Contact the Department.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.

ECON 700. Research.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Permission of graduate advisor. Graduate standing. (1-6). (INDEPENDENT).

Credits: (1-6).

Course Homepage: No homepage submitted.

No Description Provided. Contact the Department.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.

ECON 990. Dissertation/Precandidate.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Election for dissertation work by doctoral student not yet admitted as a Candidate. Graduate standing. (1-4). (INDEPENDENT). May be repeated for credit.

Credits: (1-8; 1-4 in the half-term).

Course Homepage: No homepage submitted.

Election for dissertation work by doctoral student not yet admitted as a Candidate.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 5, Permission of Instructor

ECON 995. Dissertation/Candidate.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Graduate School authorization for admission as a doctoral Candidate. Graduate standing. (4). (INDEPENDENT). May be repeated for credit.

Credits: (8; 4 in the half-term).

Course Homepage: No homepage submitted.

Graduate School authorization for admission as a doctoral Candidate. N.B. The defense of the dissertation (the final oral examination) must be held under a full term Candidacy enrollment period.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.


Spring Half-Term Courses


ECON 401. Intermediate Microeconomic Theory.

Economic Theory and Statistics

Section 101.

Instructor(s): Janet Gerson (jgerson@umich.edu)

Prerequisites: Econ. 101 and 102, and Math. 115. (4). Rackham credit requires additional work.

Credits: (4).

Course Homepage: No homepage submitted.

This course deals with the theoretical analysis of consumers, firms, markets, and price determination. The analysis is rigorous, using the tools of algebra, geometry, and elementary calculus in constructing models. Prerequisites include one term of calculus. Economics 401 is a prerequisite for many other courses offered in Economics. Concentrators in economics are required to elect this course and are encouraged to complete it early in their concentration program. It is not recommended that 401 and 402 be taken in the same term. Both lecture and sections will meet twice a week. Students should bring their coursepack to lecture.

Textbooks:

Intro Micro 5th Ed Varian

Workouts in Intermediate Micro 5th Ed Bergstrom

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 1

ECON 402. Intermediate Macroeconomic Theory.

Economic Theory and Statistics

Section 101.

Instructor(s): George E Johnson (gjohnson@umich.edu)

Prerequisites: Econ. 101 and 102, and Math. 115. (4). Rackham credit requires additional work.

Credits: (4).

Course Homepage: No homepage submitted.

This course in macroeconomics deals with the determination of broad economic aggregates such as national income, employment, the price level, and the balance of payments in both the short run and the long run. Rigorous analysis is used to understand the forces that determine these economic variables, and how they are affected by public policies. It is predominantly a lecture course, with grades based on hour test(s) and final exam. Prerequisites include one term of calculus. Economics 402 is a prerequisite for many other courses offered in Economics. Concentrators in economics are required to elect this course and are encouraged to complete it early in their concentration program. It is strongly recommended that students take Economics 401 before 402.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.

ECON 404. Statistics for Economists.

Economic Theory and Statistics

Section 101.

Instructor(s): E Philip Howrey (eph@umich.edu)

Prerequisites: Econ. 101 and 102 and Math. 115. No credit granted to those who have completed or are enrolled in Econ. 405 or Stats. 350, 265, 311, 350, 400, 402, 405, or 412. (4). Rackham credit requires additional work.

Credits: (4).

Course Homepage: No homepage submitted.

This course provides an introduction to descriptive statistics, probability theory, statistical inference, and regression analysis. There are two lectures and one problem session per week. Grades are based on problem sets and exams. The course, which is self-contained, does not serve as a prerequisite to Economics 406.

Check Times, Location, and Availability Cost: 2 Waitlist Code: No Data Given.

ECON 461. The Economics of Development I.

Economic Development

Section 101.

Instructor(s): Rohini Somanathan (rohinis@umich.edu)

Prerequisites: Econ. 401. No credit granted to those who have completed or are enrolled in 360. (3). Rackham credit requires additional work.

Credits: (3).

Course Homepage: No homepage submitted.

This course is an introduction to questions related to the economic development of countries. The term "economic development" is very broad and we will consider a number of aspects of such development. We will examine the factors that account for differences in per capita income across countries, the characteristics of traditional societies that are conductive to growth and modernization and the relationship between growth, income distribution and other indices of development such as health and education. We will also ask how property rights and institutions influence technological change in different sectors of the economy and how social norms and networks in traditional societies can help resolve contractual problems associated with development. Methodologically, the course will be a mixture of mathematical models and empirical studies. Intermediate microeconomics is the only prerequisite.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.

ECON 485. Law and Economics.

Other Topics in Economics

Section 101.

Instructor(s): Neil H. Buchanan (nbuchana@umich.edu)

Prerequisites: Econ. 401. (3). Rackham credit requires additional work.

Credits: (3).

Course Homepage: No homepage submitted.

This course is open to (and welcomes) both pre-laws and students who are not planning to go to law school. In this course, we will critically assess the use of economics as a framework for analyzing legal issues, comparing traditional legal analysis with the alternative mode of analysis offered by the so-called Law and Economics Movement. We will study issues in a variety of areas of the law, including property, contracts, torts (injuries), and criminal law – asking not just how economics might be applied to particular legal questions but to which areas of the law such applications are particularly well–or ill–suited. For example, we will analyze different ways to determine and measure liability for damages in automobile accidents, assessing the incentives that different legal rules create and asking whether it makes sense to describe an "economically efficient level of precaution against accidents." We will also examine whether the criminal law is an area in which standard economic reasoning can be squared with the inherently moral judgments that we use in defining crime and punishment. Similarly, we will examine contract law, determining what kinds of promises are legally enforced and what outcomes we might expect from alternative legal regimes. No area of the law or public policy is beyond our potential inquiry.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.

ECON 499. Independent Research.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Written permission of staff member supervising research, and permission of the economics concentration advisor. (1-4). No more than four credits may be used in an economics concentration program. Rackham credit requires additional work. (INDEPENDENT). May be repeated for a total of eight credits.

Credits: (1-4).

Course Homepage: No homepage submitted.

Student and instructor agree on a substantial piece of work involving reading or research. Evaluation is based on the written work, either papers or examinations.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 5, Permission of Instructor

ECON 599. Special Tutorial.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Graduate standing and permission of instructor. (1-3). (INDEPENDENT).

Credits: (1-3).

Course Homepage: No homepage submitted.

No Description Provided. Contact the Department.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.

ECON 700. Research.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Permission of graduate advisor. Graduate standing. (1-6). (INDEPENDENT).

Credits: (1-6).

Course Homepage: No homepage submitted.

No Description Provided. Contact the Department.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.

ECON 990. Dissertation/Precandidate.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Election for dissertation work by doctoral student not yet admitted as a Candidate. Graduate standing. (1-4). (INDEPENDENT). May be repeated for credit.

Credits: (1-4).

Course Homepage: No homepage submitted.

Election for dissertation work by doctoral student not yet admitted as a Candidate.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 5, Permission of Instructor

ECON 995. Dissertation/Candidate.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Graduate School authorization for admission as a doctoral Candidate. Graduate standing. (4). (INDEPENDENT). May be repeated for credit.

Credits: (4).

Course Homepage: No homepage submitted.

Graduate School authorization for admission as a doctoral Candidate. N.B. The defense of the dissertation (the final oral examination) must be held under a full term Candidacy enrollment period.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 5, Permission of Instructor


Spring/Summer Term Courses


ECON 700. Research.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Permission of graduate advisor. Graduate standing. (1-6). (INDEPENDENT).

Credits:

Course Homepage: No homepage submitted.

No Description Provided. Contact the Department.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given.

ECON 990. Dissertation/Precandidate.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Election for dissertation work by doctoral student not yet admitted as a Candidate. Graduate standing. (1-8). (INDEPENDENT). May be repeated for credit.

Credits: (1-8; 1-4 in the half-term).

Course Homepage: No homepage submitted.

Election for dissertation work by doctoral student not yet admitted as a Candidate.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 5, Permission of Instructor

ECON 995. Dissertation/Candidate.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites: Graduate School authorization for admission as a doctoral Candidate. Graduate standing. (8). (INDEPENDENT). May be repeated for credit.

Credits: (8; 4 in the half-term).

Course Homepage: No homepage submitted.

Graduate School authorization for admission as a doctoral Candidate. N.B. The defense of the dissertation (the final oral examination) must be held under a full term Candidacy enrollment period.

Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 5, Permission of Instructor


Undergraduate Course Listings for ECON.


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This page was created at 6:20 PM on Sun, Jun 30, 2002.

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