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Spring/Summer Academic Term 2003 Course Guide

Note: You must establish a session for the correct term (Spring, Summer, or Spring/Summer Academic Term 2003) 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 8:12 PM on Mon, Jul 14, 2003.



Spring Half-Term Courses

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ECON 101. Principles of Economics I.

Introductory Courses

Instructor(s):

Prerequisites & Distribution: High school algebra and geometry. No credit granted to those who have completed or are enrolled in ECON 400. (3). (SS). (QR/2). May not be repeated for credit.

Half QR

Credits: (4; 3 in the half-term).

Course Homepage: http://coursetools.ummu.umich.edu/2003/spring/econ/101/101.nsf

ECON 101 is the first part of the two-term introduction to economics. Both ECON 101 and 102 are required as prerequisites to the concentration and to upper-level courses in economics. ECON 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.

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

ECON 102. Principles of Economics II.

Introductory Courses

Instructor(s):

Prerequisites & Distribution: ECON 101. No credit granted to those who have completed or are enrolled in ECON 400. (3). (SS). (QR/2). May not be repeated for credit.

Half QR

Credits: (4; 3 in the half-term).

Course Homepage: No homepage submitted.

ECON 101 and 102 are required as prerequisites to the concentration and to upper–level courses in Economics. In ECON 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.

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

ECON 299. Undergraduate Internship.

Honors Program, Internships, Seminars, and Independent Research

Instructor(s):

Prerequisites & Distribution: Economics concentrators, with permission of concentration advisor. Internship credit is not retroactive and must be prearranged. (1). (Excl). Offered mandatory credit/no credit. May not be used to satisfy economics electives for an economics concentration. (EXPERIENTIAL). May be repeated for credit for a maximum of 2 credits.

Credits: (1).

Course Homepage: No homepage submitted.

Credit is granted for a full-time internship of at least eight weeks that enriches a student's academic experience and/or allows a student to explore careers related to his/her academic studies. Verification of the internship (after completion) must be provided by the student on company letterhead. Internship applications can be downloaded from the Economics homepage or obtained from the Economics Office.

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

ECON 323. Economics and Gender.

Other Topics in Economics

Section 101.

Instructor(s): Paula A Malone (pmalone@umich.edu)

Prerequisites & Distribution: ECON 101 and 102. (3). (Excl). May not be repeated for credit.

Credits: (3).

Course Homepage: http://coursetools.ummu.umich.edu/2003/spring/econ/323/101.nsf

Examines many aspects of the economic status of women, including their role in the labor market and the household, their relative wage status, the incidence of poverty in female-headed households, and the importance of historical and demographic trends as determinants of the economic status of women. Relevant issues include sex-related inequities in wages, taxation, social security, etc., and discussion of possible policies for combating discrimination.

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

ECON 395. Topics in Economics and Economic Policy.

Other Topics in Economics

Section 001 — Current Applied Economic Issues.

Instructor(s): Peter Morgan

Prerequisites & Distribution: ECON 101 and 102. (1-3). (Excl). May be elected for a maximum of 6 credits. May be elected more than once in the same term.

Credits: (1-3).

Course Homepage: No homepage submitted.

The course considers current economic issues. Students are required to examine relevant data, read background material and then to analyze carefully current policy and some alternatives. Issues will include air pollution regulation, tariff protection for the U.S. steel industry, lemons laws (legislation that protects buyers against defective commodities), and anti-trust legislation (legislation protecting buyers against powerful sellers such as monopolies).

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). (Excl). (QR/1). May not be repeated for credit.

Full QR

Credits: (4).

Course Homepage: http://coursetools.ummu.umich.edu/2003/spring/econ/401/101.nsf

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. ECON 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. Both lecture and section will meet twice a week. Students should bring the course pack to lecture.

Check Times, Location, and Availability Cost: 2 Waitlist Code: 1

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 STATS 350, 265, 311, 350, 400, 405, or 412. (4). (Excl). (BS). (QR/1). May not be repeated for credit.

Full QR

Credits: (4).

Course Homepage: http://coursetools.ummu.umich.edu/2003/spring/econ/404/102.nsf

This course provides an introduction to descriptive statistics, probability theory, statistical inference, and regression analysis. There are three 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 ECON 406.

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

ECON 431. Industrial Organization and Performance.

Industrial Organization and Public Control

Section 101.

Instructor(s): Douglas C Bice (dbice@umich.edu)

Prerequisites & Distribution: ECON 401 with a grade of at least C-. Prerequisites enforced on Wolverine Access. (3). (Excl). May not be repeated for credit.

Credits: (3).

Course Homepage: http://coursetools.ummu.umich.edu/2003/spring/econ/431/101.nsf

ECON 431 covers a selection of topics drawn from the field of industrial organization. The course is particularly concerned with the pricing, output, and quality decisions of firms with market power. Alternative methods of competition and cooperation are considered. Although an in depth exploration of antitrust legislation and government regulation of industry is reserved for other courses — such as ECON 432 — the material in ECON 431 touches on the issues associated with antitrust legislation repeatedly.

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. Permission of instructor required. (1-4). (Excl). (INDEPENDENT). May be repeated for credit for a maximum of 8 credits. Continuing Course. Y grade can be reported at end of the first-term to indicate work in progress. At the end of the second term of ECON 498, the final grade is posted for both term's elections.

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: 5, Permission of Department

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 credit for a maximum of 8 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 Department


Spring/Summer Term Courses

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ECON 438 / HMP 661. Economics of Health Services.

Industrial Organization and Public Control

Section 777.

Instructor(s): Richard A Hirth

Prerequisites & Distribution: ECON 401 with a grade of at least C-, or HMP 660. Prerequisites enforced on Wolverine Access. (3). (Excl). May not be repeated for credit.

Credits: (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 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. Permission of instructor required. (1-4). (Excl). (INDEPENDENT). May be repeated for credit for a maximum of 8 credits. Continuing Course. Y grade can be reported at end of the first-term to indicate work in progress. At the end of the second term of ECON 498, the final grade is posted for both term's elections.

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: 5, Permission of Department


Summer Half-Term Courses

Search the LS&ACourse Guide
(Advanced Search Page)



ECON 101. Principles of Economics I.

Introductory Courses

Instructor(s):

Prerequisites & Distribution: High school algebra and geometry. No credit granted to those who have completed or are enrolled in ECON 400. (3). (SS). (QR/2). May not be repeated for credit.

Half QR

Credits: (4; 3 in the half-term).

Course Homepage: No homepage submitted.

ECON 101 is the first part of the two-term introduction to economics. Both ECON 101 and 102 are required as prerequisites to the concentration and to upper-level courses in economics. ECON 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.

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

ECON 102. Principles of Economics II.

Introductory Courses

Instructor(s):

Prerequisites & Distribution: ECON 101. No credit granted to those who have completed or are enrolled in ECON 400. (3). (SS). (QR/2). May not be repeated for credit.

Half QR

Credits: (4; 3 in the half-term).

Course Homepage: No homepage submitted.

ECON 101 and 102 are required as prerequisites to the concentration and to upper–level courses in Economics. In ECON 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.

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

ECON 402. Intermediate Macroeconomic Theory.

Economic Theory and Statistics

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

Prerequisites & Distribution: ECON 101 and 102, and MATH 115. (4). (Excl). (QR/1). May not be repeated for credit.

Full QR

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. ECON 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 ECON 401 before 402.

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

ECON 441. International Trade Theory.

International Economics

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

Prerequisites & Distribution: ECON 401 with a grade of at least C-. Prerequisites enforced on Wolverine Access. (3). (Excl). May not be repeated for credit.

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 and increasing returns to scale. 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 World Trade Organization, international factor movements, and trade and economic development. Prerequisite: ECON 401

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 credit for a maximum of 8 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 Department


Graduate Course Listings for ECON.


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This page was created at 8:12 PM on Mon, Jul 14, 2003.

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