Spring/Summer Course Guide

Courses in Economics (Division 358)

Spring

Summer

Spring/Summer

Spring Half-Term, 1998 (May 5-June 23, 1998)

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A. Introductory Courses

101(201). Principles of Economics I. No credit granted to those who have completed or are enrolled in 400. (3). (SS). (QR/2).

Economics 101 is the first part of the two-term introduction to economics. Both 101 and 102 are required as prerequisites to the concentration and to upper-level courses in economics. Economics 101 concentrates on the microeconomics of the modern economy: how markets function under competitive conditions as well as with various other types of market organization; the distribution of income and wealth; the public sector; socialism; and related topics of current interest. Grades are based largely on course-wide hour tests and the final exam, but there will also be quizzes in the sections.
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102(202). Principles of Economics II. Econ. 101. No credit granted to those who have completed or are enrolled in Econ. 400. (3). (SS). (QR/2).

Economics 101 and 102 are required as prerequisites to the concentration and to upper-level courses in Economics. In Economics 102, the fundamental concepts and theories of macroeconomics are developed and used to analyze problems of current interest. The major concerns of this course are the determinants of GNP, unemployment, inflation, international trade, and economic growth. The section meetings are limited to 35 students.
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B. Economic Theory and Statistics

401. Intermediate Microeconomic Theory. Econ. 101 and 102, and Math. 115. (4). (SS). (QR/1).

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. Main lecture will meet twice a week. Sections will meet twice a week. Cost:2 WL:1 (Gerson)
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402. Intermediate Macroeconomic Theory. Econ. 101 and 102, and Math. 115. (3). (SS). (QR/1).

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. Cost:3 WL:3 (Johnson)
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404. Statistics for Economists. Econ. 101 and 102 and Math. 115. No credit granted to those who have completed or are enrolled in Econ. 405 or Stat. 265, 311, 402, 405, or 412. (4). (Excl). (BS). (QR/1).

This course is designed to enable students to read critically empirical literature in economics and other social sciences. Topics covered include descriptive statistics, elementary probability theory, statistical inference, and regression theory. Data analysis and interpretation of quantitative results will be emphasized. There are three lectures and one problem session per week. Grades are based on problem sets and exams. The course is self-contained and does not serve as a prerequisite to Economics 406. Cost:2 -3 WL:1 (Howrey)
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E. Industrial Organization and Public Control

431. Industrial Organization and Performance. Econ. 401. (3). (Excl).

The course consists of microeconomic and game-theoretic analyses for describing the structure and performance of industries. The first part introduces the student to a wide variety of noncompetitive market structures (such as various types of monopolies, Cournot, Bertrand, sequential moves, and location) for analyzing markets for homogeneous and differentiated products; the first part concludes with the analysis of entry barriers, entry deterrence and mergers. The second part analyzes technological issues, such as innovation, research and development, and the effect of the patent system. The third part is devoted to a wide variety of marketing and pricing techniques, such as advertising, durability, warranties, two-part tariffs, nonuniform pricing, bundling and tying, and dealerships. The last part analyzes special industries. (Reimer-Hommel)
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L. Other Topics in Economics

395. Topics in Economics and Economic Policy. Econ. 101 and 102. (1-3). (Excl). May be repeated for a total of six credits.
Section 101 Economics, Life and Philosophy. (3 credits).
Technology, preferences, and strategic or market interactions determine economic outcomes. But technology and preferences are themselves determined by economic and historical forces. Economics 395, "Economics, Life and Philosophy" explores the determination of technology by the history of invention and the determination of preferences by Darwinian selection of human genes and human ideas. In addition to at least two exams, the course has a number of short papers and extensive reading. Dennett's book Darwin's Dangerous Idea will be studied thoroughly, along with Dawkin's The Selfish Gene and two books chosen by each student on evolutionary psychology and the evolution of ideas. (Kimball)
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M. Honors Program, Seminars, and Independent Research

498. Honors Independent Research. Open only to students admitted to Honors concentration in economics. (1-4). (Excl). (INDEPENDENT). May be repeated for a total of eight credits.

This course is for undergraduates writing senior Honors theses. Each student's grade for the course and levels of Honors achieved will depend entirely on the quality of the thesis, as evaluated by the thesis advisor with whom the student has arranged to work.
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499. Independent Research. Written permission of staff member supervising research, and permission of the economics concentration advisor. (1-4). (Excl). No more than four credits may be used in an economics concentration program. (INDEPENDENT). May be repeated for a total of eight credits.

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.
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Summer Half-Term, 1998 (June 29-August 18, 1998)

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A. Introductory Courses

101(201). Principles of Economics I. No credit granted to those who have completed or are enrolled in 400. (3). (SS). (QR/2).
See Economics 101 (Spring Term).
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102(202). Principles of Economics II. Econ. 101. No credit granted to those who have completed or are enrolled in Econ. 400. (3). (SS). (QR/2).
See Economics 102 (Spring Term).
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E. Industrial Organization and Public Control

438/Health Management and Policy 661 (Public Health). Economics of Health Services. Econ. 401 or HMP 660. (3). (Excl).
This course will introduce students to the fundamental concepts of the field of health economics. The basic framework of economics will be used to analyze the behavior of hospitals, physicians, insurers, and health care consumers. The tools of economics will be applied to managerial issues such as make-or-buy decisions or pricing decisions. Additionally these economic tools will be used to analyze how various parties might respond to changes in the health care system. By the end of the course students should be able to assess the potential impact of hypothetical changes in the health care system on costs and access as well as on the well-being of hospitals, physicians, and insurers. Cost:2 WL:4 (Reimer-Hommel)
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H. Economic Development

360. The Developing Economies. Econ. 101 and 102. No credit granted to those who have completed or are enrolled in 461. (3). (SS).
Most people live in "less developed countries" with much lower average incomes than the United States and other "developed countries" and this inequality continues to increase in severity. This course explores alternative conceptions of economic development, investigates proposed explanations for international variations, and critically examines competing strategies for alleviating global poverty and enlarging opportunities for human flourishing, especially for those worst off. A further focus is potential implications of global development in the more developed countries. The main text for the course is Economic Development by Michael P. Todaro (1997). Written work for the course consists of a midterm examination, a 10-15 page term paper on a mutually agreeable topic, and a final examination. Discussion in class is strongly encouraged. Cost:2 WL:1 (Thompson)
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M. Honors Program, Seminars, and Independent Research

499. Independent Research. Written permission of staff member supervising research, and permission of the economics concentration advisor. (1-4). (Excl). No more than four credits may be used in an economics concentration program. (INDEPENDENT). May be repeated for a total of eight credits.
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.
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Spring/Summer Term, 1998 (May 5-August 18, 1998)

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M. Honors Program, Seminars, and Independent Research

498. Honors Independent Research. Open only to students admitted to Honors concentration in economics. (1-4). (Excl). (INDEPENDENT). May be repeated for a total of eight credits.
This course is for undergraduates writing senior Honors theses. Each student's grade for the course and levels of Honors achieved will depend entirely on the quality of the thesis, as evaluated by the thesis advisor with whom the student has arranged to work.
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