Note: You must establish a session for the correct term (Spring, Summer, or Spring/Summer 2001) 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 6:54 PM on Fri, Jul 27, 2001. Calendars Spring Half-Term, 2001 (May 1 – June 22) Spring/Summer Term, 2001 (May 1 – August 17) Summer Half-Term, 2001 (June 27 – August 17) Skip to a Specific Term's Descriptions: Spring Half-Term Spring/Summer Term Summer Half-Term Spring Half-Term Courses Wolverine Access Subject listing for ECON Spring Term '01 Time Schedule for Economics ECON 101. Principles of Economics I. Introductory Courses Instructor(s): Jeffrey Phillip Mitchell Prerequisites & Distribution: High school algebra and geometry. No credit granted to those who have completed or are enrolled in 400. (3). (SS). (QR/2). Credits: (4; 3 in the half-term). Course Homepage: No Homepage Submitted. No Description Provided. Check Times, Location, and Availability ECON 102. Principles of Economics II. Introductory Courses Instructor(s): Justin Peter Garosi Prerequisites & Distribution: Econ. 101. No credit granted to those who have completed or are enrolled in Econ. 400. (3). (SS). (QR/2). Credits: (4; 3 in the half-term). Course Homepage: No Homepage Submitted. No Description Provided. Check Times, Location, and Availability ECON 395. Topics in Economics and Economic Policy. Other Topics in Economics Section 101 – Taxing, Spending, and the National Debt in the President's Economic Plan. (3 Credits). Instructor(s): Buchanan Prerequisites & Distribution: Econ. 101 and 102. (1-3). (Excl). May be repeated for a total of six credits. Credits: (1-3). Course Homepage: No Homepage Submitted. President Bush has proposed a sweeping series of changes in fiscal policy. These include his plans to reduce income taxes, to eliminate the estate tax, to reshape defense spending, to privatize the Social Security system (at least partially), etc. We will develop some tools with which to assess the potential impacts of these proposals. Our analysis will embrace both macroeconomic issues (what to do with the annual budget surplus, whether the budget surplus or deficit matters at all, the impact of the Social Security system on the aggregate economy, etc.) and microeconomic issues (tax code changes, spending initiatives, educational proposals, etc.). Student input in choosing the particular proposals to analyze will be crucial to the success of the course. Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given. ECON 401. Intermediate Microeconomic Theory. Economic Theory and Statistics Section 101. Instructor(s): Janet Gerson (jgerson@umich.edu) Prerequisites & Distribution: Econ. 101 and 102, and Math. 115. (4). (SS). (QR/1). 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 course pack 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: No Data Given. ECON 402. Intermediate Macroeconomic Theory. Economic Theory and Statistics Section 101. Instructor(s): George E Johnson (gjohnson@umich.edu) Prerequisites & Distribution: Econ. 101 and 102, and Math. 115. (4). (SS). (QR/1). Credits: (4). Course Homepage: No Homepage Submitted. No Description Provided. Check Times, Location, and Availability ECON 404. Statistics for Economists. Economic Theory and Statistics Section 101. Instructor(s): E Philip Howrey (eph@umich.edu) Prerequisites & Distribution: Econ. 101 and 102 and Math. 115. No credit granted to those who have completed or are enrolled in Econ. 405 or Stat. 250, 265, 311, 350, 400, 402, 405, or 412. (4). (Excl). (BS). (QR/1). 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: No Data Given. Waitlist Code: No Data Given. ECON 485. Law and Economics. Other Topics in Economics Section 101. Instructor(s): Prerequisites & Distribution: Econ. 401. (3). (Excl). 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 498. Honors Independent Research. Honors Program, Internships, Seminars, and Independent Research Instructor(s): Prerequisites & Distribution: Open only to students admitted to Honors concentration in economics. (1-4). (Excl). (INDEPENDENT). May be repeated for a total of eight credits. Credits: (1-4). Course Homepage: No Homepage Submitted. 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. 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 & Distribution: 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. 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: No Data Given. Spring/Summer Term Courses Wolverine Access Subject listing for ECON Spring/Summer Term '01 Time Schedule for Economics ECON 498. Honors Independent Research. Honors Program, Internships, Seminars, and Independent Research Instructor(s): Prerequisites & Distribution: Open only to students admitted to Honors concentration in economics. (1-4). (Excl). (INDEPENDENT). May be repeated for a total of eight credits. Credits: (1-4). Course Homepage: No Homepage Submitted. 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. Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given. Summer Half-Term Courses Wolverine Access Subject listing for ECON Summer Term '01 Time Schedule for Economics ECON 101. Principles of Economics I. Introductory Courses Instructor(s): Yo Nagai Prerequisites & Distribution: High school algebra and geometry. No credit granted to those who have completed or are enrolled in 400. (3). (SS). (QR/2). Credits: (4; 3 in the half-term). Course Homepage: No Homepage Submitted. No Description Provided. Check Times, Location, and Availability ECON 102. Principles of Economics II. Introductory Courses Instructor(s): Thomas William Bishop Prerequisites & Distribution: Econ. 101. No credit granted to those who have completed or are enrolled in Econ. 400. (3). (SS). (QR/2). Credits: (4; 3 in the half-term). Course Homepage: No Homepage Submitted. No Description Provided. Check Times, Location, and Availability ECON 327. Economics of Crime. Other Topics in Economics Section 201. Instructor(s): Prerequisites & Distribution: Economics 101 and 102. (3). (Excl). Credits: (3). Course Homepage: No Homepage Submitted. This course will use the tools of analysis introduced in the two Principles classes to discuss crime choice, criminal organizations, the costs of crime, the provision of public protection, and resource allocation and efficiency in the criminal justice system. Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: No Data Given. ECON 412. Topics in Macroeconomics. Monetary and Financial Economics Section 201 – Macroeconomics and Tax Policy Instructor(s): Neil Buchanan (nbuchana@umich.edu) Prerequisites & Distribution: Econ. 402. (3). (Excl). Credits: (3). Course Homepage: No Homepage Submitted. This course will focus on the U.S. federal tax system and its impact on the economy. We will study the basic elements of U.S. tax law and assess the affects of our current policies on GDP, saving, investment, etc. We will also study several proposals for fundamentally changing the tax system, such as the so-called Flat Tax, consumption taxes, etc. In addition, we will pay special attention to wealth taxation, in particular the estate tax and its potential replacements. Arguments for and against progressive taxation will play a prominent role throughout the course. 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 & Distribution: 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. 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: No Data Given. Graduate Course Listings for ECON. This page was created at 6:54 PM on Fri, Jul 27, 2001. University of Michigan | College of LS&A | Student Academic Affairs | LS&A Bulletin Index | Department Homepage This page maintained by LS&A Academic Information and Publications, 1228 Angell Hall Copyright © 2001 The Regents of the University of Michigan, Ann Arbor, MI 48109 USA +1 734 764-1817 Trademarks of the University of Michigan may not be electronically or otherwise altered or separated from this document or used for any non-University purpose.