Courses in Economics (Division 358) Calendars Spring Half-Term, 2000 (May 2 – June 23, 2000) Spring/Summer Term, 2000 (May 2 – August 18, 2000) Summer Half-Term, 2000 (June 28 – August 18, 2000) Skip to a Specific Term's Descriptions: Spring Half-Term Spring/Summer Term Summer Half-Term This page was created at 2:45 PM on Mon, Aug 14, 2000. Spring Half-Term Courses Take me to the Spring Half-Term '00 Time Schedule for Economics. To see what has been added or changed in Economics this week go to What's New This Week. Search the LS&A Spring Half-Term Course Guide (Advanced Search Page) Override Procedures for Economics courses Override Procedures for Economics 101 and 102: Put yourself on the electronic waitlist and then attend the first day of classes for directions. If you are not able to get on the electronic waitlist, attend the first day of the class and speak with the professor. Office hours (158 Lorch) for Fall Term will be Monday-Friday 8:00-4:00. Shannon DeWolf will be available to answer questions about the Economics concentration requirements, career/job information, internship information, Economics Networking Program, college or department policies and procedures, and general university information. Students can schedule advising appointments by calling (763-9242 or 764-2356) or stopping by the office. Override procedures for 300- and 400-level courses will be handled by the faculty member in charge. The student must attend the first day of the course he/she wishes to get the override in and speak with the professor. Econ. 101. Principles of Economics I. Introductory Courses Instructor(s): Prerequisites & Distribution: 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. 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. Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 1 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). Credits: (4; 3 in the half-term). Course Homepage: No Homepage Submitted. 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. Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 1 Econ. 310. Money and Banking. Monetary and Financial Economics Section 101. Instructor(s): King-Yuen Yik (kyik@umich.edu) Prerequisites & Distribution: Econ. 101 and 102. (3). (SS). Credits: (3). Course Homepage: https://coursetools.ummu.umich.edu/2000/spring/lsa/econ/310/101.nsf This course studies the role of money, banking, and finance in the economy. At the macroeconomic level, we will study how monetary policy influences interest rates, prices, and overall economic activity. At the microeconomic level, the course will introduce topics in portfolio theory, risk management, and banking regulation. We will also examine in detail how the Federal Reserve operates monetary policy, and the problems it faces in pursuing objectives such as economic growth, low inflation, and the containment of financial crises. Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 1 Econ. 401. Intermediate Microeconomic Theory. Economic Theory and Statistics Section 101. Instructor(s): Jan Gerson (jgerson@umich.edu) Prerequisites & Distribution: Econ. 101 and 102, and Math. 115. (4). (SS). (QR/1). Credits: (4). Course Homepage: http://www.lib.umich.edu/libhome/Reserves/SP00/EC401/index.html 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. 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 Johnson (gjohnson@umich.edu) Prerequisites & Distribution: Econ. 101 and 102, and Math. 115. (4). (SS). (QR/1). 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: 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 Stat. 265, 311, 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 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 Economics 406. Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 1 Econ. 421. Labor Economics I. Labor Economics Section 101. Instructor(s): Shin Prerequisites & Distribution: Econ. 401. (3). (Excl). Credits: (3). Course Homepage: No Homepage Submitted. This course deals with the economics of labor supply and demand, wage and employment determination, investment in education and training, forms of compensation, and unemployment. The course develops microeconomic models of the labor market, presents relevant empirical evidence, and discusses applications to policy issues. Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 1 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 Take me to the Spring/Summer Term '00 Time Schedule for Economics. Search the LS&A Spring/Summer Term Course Guide (Advanced Search Page) To see what has been added or changed in Economics this week go to What's New This Week. 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 Take me to the Summer Half-Term '00 Time Schedule for Economics. Search the LS&A Summer Half-Term Course Guide (Advanced Search Page) To see what has been added or changed in Economics this week go to What's New This Week. Econ. 101. Principles of Economics I. Introductory Courses Instructor(s): Prerequisites & Distribution: 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. 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. Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 1 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). Credits: (4; 3 in the half-term). Course Homepage: No Homepage Submitted. 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. Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 1 Econ. 395. Topics in Economics and Economic Policy. Other Topics in Economics Section 201 – Economic Policy and the Elections. (3 Credits). Instructor(s): Neil Buchanan (nbuchana@umich.edu) 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. The state of the economy is a reliable predictor of the results of national elections in industrialized countries around the world. Less clear is the importance of candidates' and parties' economic platforms – either in determining the outcome of the elections themselves, or in setting the agenda for the actual economic policies that will be enacted in the ensuing years. This course will proceed from the conceit that economic policy proposals matter. We will develop some tools with which to assess the potential impacts of various economic policy proposals. We will then be able to apply our knowledge to particular proposals from major and minor candidates and parties in the 2000 U.S. elections. The 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: 1 Econ. 485. Law and Economics. Other Topics in Economics Section 101. Instructor(s): Neil Buchanan (nbuchana@umich.edu) Prerequisites & Distribution: Econ. 401. (3). (Excl). Credits: (3). Course Homepage: No Homepage Submitted. Proviso: This course is open to (and welcomes) both pre-laws and students who are not necessarily planning to go to law school. In this course, we will critically assess the use of economic theories to analyze legal issues, comparing traditional legal doctrines with the alternative mode of analysis offered by the so-called Law and Economics Movement. We will cover topics in a variety of legal areas, including torts (injuries), contracts, property law, criminal law, and legal procedure – asking not just how economics might be applied to law, but to which areas of the law such applications are particularly well- or ill-suited. For example, the course will analyze 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 try to determine whether the criminal law is an area in which 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 economic results might ensue under alternative legal regimes. No area of the law is beyond our potential inquiry. Student input into particular areas and cases to discuss is most welcome. Check Times, Location, and Availability Cost: No Data Given. Waitlist Code: 1 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. This page was created at 2:46 PM on Mon, Aug 14, 2000. 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 © 2000 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.