Take me to the Fall Time Schedule
Override Procedures for Economics 101 and 102:
Please contact Jeannie Tramontin for details in the Undergraduate Economics Office (158 Lorch Hall, 763-9242). Office hours for Fall Term will be Monday-Friday 8:00-12:30 & 1-4:30. Jeannie Tramontin will be available to answer questions about the Economics concentration requirements, college or department policies and procedures, and general university information. Students can schedule advising appointments by calling or stopping by the office .
Override procedures for 300- and 400-level courses will be handled by the faculty member in charge.
A. Introductory Courses
101(201). Principles of Economics
I. No credit granted to those who have completed or are enrolled
in 400. (4). (SS). (QR/2).
Economics 101 examines the microeconomics of capitalism - the behavior of
households and businesses and the generation of prices and outputs in markets.
Specific topics in Economics 101 include: supply and demand; price controls;
competition and efficiency; the differences between competition and monopoly;
labor markets; environmental problems and policies; and government taxation
and expenditure issues. Economics 101 is the first part of the two-term
introduction to economics - the second part (Economics 102, for which Economics
101 is a prerequisite) examines macroeconomics. Prerequisites for 101: high
school algebra and geometry and a willingness to use them. The course format
consists of large lectures taught by the professor and one small one-and-a-half-hour
section meeting per week taught by a graduate student instructor. Cost:2
WL:1
(Gerson, Bogart, Malone)
Section 300 only. Economics 101 examines the microeconomics
of capitalism - the behavior of households and businesses and the generation
of prices and outputs in markets. Specific topics in Economics 101 include:
supply and demand; the differences between competition and monopoly; labor
markets and discrimination; the distribution of incomes; environmental issues;
and government taxation and expenditure. The course format consists of three
large one-hour lectures per week taught by the professor and one small one-and-a-half-hour
section meeting per week taught by a graduate student instructor. Final
grades will be based on: two hour tests (total of 40%); four UNANNOUNCED
quizzes given during section meetings (10%); weekly homework assignments
that will be collected, graded, and discussed in the section meetings (10%);
and the final exam (40%). NOTE the DATES and TIMES of the two hour tests
and the final exam in the TIME SCHEDULE, and BE SURE that you can attend
all three. Cost:2
(Porter)
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C. Monetary and Financial Economics
412. Topics in Macroeconomics.
Econ. 402. (3). (Excl).
Economics 412 is an advanced undergraduate course in applied monetary theory
and macroeconomics. Our focus will be on developing and using macroeconomic
models for policy analysis and forecasting. We will first review and extend
models introduced in intermediate macroeconomics (Econ 402) and then apply
these models to issues such as inflation, economic growth, business cycles,
and real wage growth. The second part of the course will focus on econometric
modeling of the macro economy, including model specification, data issues,
model estimation and evaluation, policy simulation experiments, and preparing,
generating, and adjusting forecasts. Students will participate in small
group projects where they will have computer experience with modeling and
forecasting using the Michigan Quarterly Econometric Model. In addition
to the official prerequisite (Econ 402), students should take intermediate
microeconomics (Econ 401) and statistics (Econ 404 or 405) before taking
this course.Cost:2
WL:1
(Barsky)
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G. Comparative Economic Systems and National Economies
I. Environmental Economics
471/NR&E 571. Environmental
Economics. Econ. 401 or NR&E 570. (3). (Excl).
Economics 471 is a broad introduction to market failure, with theoretical,
empirical, institutional, and historical perspectives on current U.S. environmental
problems. This course is intended primarily for upper-division undergraduates
in the economics concentration and for graduate students from outside economics
(but note carefully the prerequisite - comfort with calculus and a recent,
challenging intermediate microeconomic theory course are essential). The
format for most classes is lecture-with-interruption, with time allocated
for questions and discussions. The course deals with: (1) the economic theory
of externalities and public goods (and "public bads"); and (2)
the economic analysis of current U.S. environmental policy, emphasizing
air and water pollution and waste problems - generation, collection, recycling,
and disposal (emphasizing municipal solid waste, low-level radioactive waste,
and Superfund). There will be regular unannounced short quizzes and
a cumulative final exam. Cost:2
WL:1
(Porter)
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K. Economic History
494/Hist. 494. Topics in Economic
History. Econ. 101 and 102. (3). (Excl).
Section 001 - East Asian Economic History. This course surveys the
development of East Asian economies (China, Japan, Korea, and Taiwan) over
the long term. It aims at providing a historical and comparative perspective
on the changes in institutions, technology, and economic structure in the
region. Some of the main topics to be examined are: agriculture in the traditional
economy; population and labor markets in East Asia; the industrialization
of Japan; imperialism and East Asian economies; and the industrial growth
and the catching-up of Taiwan and Korea. The course will follow a discussion
format and the grade will be based on two one-hour tests, the final exam,
and class discussion. (Gill)
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L. Other Topics in Economics
490. Current Topics in Economics.
Econ. 401, 402, 404 or 405. (3). (Excl).
Section 001 – Collective Action. When will groups of people with
common interests successfully act collectively to achieve their aims? Collective
action is prone to a "free-rider" problem: individuals may hope
to achieve the benefits from collective action by others without participating
in it themselves. This course probes the various means by which the free-rider
problem is overcome and studies examples such as labor unions, collusion
by firms, political parties, lobbying, revolutions, management of common
property resources, and the monitoring of public officials by citizens.
(E. Somanathan)
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