Rutgers, The State University of New Jersey
Undergraduate-New Brunswick
 
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Undergraduate Education in New Brunswick
Programs of Study and Courses for Liberal Arts and Sciences Students
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Accounting 010
African Area Studies 016
African, Middle Eastern, and South Asian Languages and Literatures 013
Africana Studies 014
Agriculture and Food Systems 020
American History 512
American Literature
American Studies 050
Animal Science 067
Anthropology 070
Archaeology
Armenian 078
Art 081
Art History 082
Arts and Sciences 090
Asian Studies 098
Astrophysics 105
Biochemistry
Biological Sciences
Biomathematics
Biomedical Sciences
Biotechnology 126
Business Analytics and Information Technology 623
Business Law 140
Cell Biology
Chemistry 160
Chinese 165
Chinese Studies 170
Cinema Studies 175
Classics
Cognitive Science 185
Communication 192
Community Development
Comparative Literature 195
Computer Science 198
Criminal Justice 202
Criminology 204
Dance 203, 206
Dentistry
Design 208
Digital Filmmaking 211
East Asian Languages and Area Studies 214
Ecology, Evolution, and Natural Resources 216
Economics 220
Learning Goals for Economics Majors
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Honors Research in Economics
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Education 300
Engineering
English
Entomology 370
Environmental and Business Economics 373
Environmental Certificates
Environmental Planning and Design 573
Environmental Policy, Institutions, and Behavior 374
Environmental Sciences 375
Environmental Studies 381
European Studies 360
Exercise Science 377
Film Studies
Finance 390
Food Science 400
French 420
Gender and Media 438
Genetics
Geography 450
Geological Sciences 460
German 470
Greek 490
Greek, Modern Greek Studies 489
Health Administration 501
Health and Society 502
Hindi
History
History/French Joint Major 513
History/Political Science Joint Major 514
Human Resource Management 533
Hungarian 535
Individualized Major 555
Information Technology and Informatics 547
Interdisciplinary Studies, SAS 556
International and Global Studies 558
Italian 560
Japanese 565
Jewish Studies 563
Journalism and Media Studies 567
Junior Year Abroad
Korean 574
Labor Studies and Employment Relations 575
Landscape Architecture 550
Latin 580
Latin American Studies 590
Latino and Caribbean Studies 595
Law
Leadership and Management 605
Life Sciences
Linguistics 615
Management and Global Business 620
Marine Sciences 628
Marketing 630
Mathematics 640
Medicine and Dentistry
Medieval Studies 667
Meteorology 670
Microbiology 680
Middle Eastern Studies 685
Military Education, Air Force 690
Military Education, Army 691
Military Education, Naval 692
Molecular Biology
Music
Nursing
Nutritional Sciences 709
Operations Research 711
Organizational Leadership 713
Pharmacy
Philosophy 730
Physics 750
Physiology and Neurobiology
Planning and Public Policy 762
Plant Biology 776
Polish 787
Political Science 790
Portuguese 810
Psychology 830
Public Health 832
Public Policy 833
Religion 840
Russian 860
Sexualities Studies 888
Social Justice 904
Social Work 910
Sociology 920
South Asian Studies 925
Spanish 940
Sport Management 377
Statistics and Biostatistics 960
Statistics-Mathematics
Study Abroad 959
Supply Chain Management 799
Theater 965, 966
Ukrainian 967
Urban Planning and Design 971
Urban Studies
Visual Arts
Women's and Gender Studies 988
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Rutgers Business School: Undergraduate-New Brunswick
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Edward J. Bloustein School of Planning and Public Policy
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Honors College of Rutgers University-New Brunswick
General Information
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Camden Newark New Brunswick/Piscataway
Catalogs
New Brunswick Undergraduate Catalog 2017-2019 Programs of Study and Courses for Liberal Arts and Sciences Students Programs, Faculty, and Courses Economics 220 Courses  

Courses

01:220:102 Introduction to Microeconomics (3) The market system and alternative mechanisms for determining prices and allocating resources. Economic analysis of monopoly, cartels, wage and price controls, pollution, and other contemporary problems. The role of government in promoting economic efficiency. Prerequisite: 01:640:111, or 115, or calculus placement. Credit not given for both this course and 11:373:121.
01:220:103 Introduction to Macroeconomics (3) Determinants of aggregate employment and national income; evaluation of government policies to alleviate inflation and unemployment. Money, banking, and monetary policy. International trade and finance, and the prospects for world economic development. Prerequisite: 01:640:111, or 115, or calculus placement. Credit not given for both this course and 11:373:122.
01:220:110 Personal Finance and Financial Decision-Making (3) Economics and financial literacy; basic tools of financial planning; simple and compound interest; investment and retirement planning; insurance, futures, and options. Prerequisite: 01:640:025. Credit not given for both this course and 37:575:250. Course cannot be used for major or minor credit.
01:220:120 Inequality (4) Economic and political explanations for the growth in U.S. income inequality since the 1970s; measurement of inequality; comparisons with other countries and with earlier eras in the United States; explanatory roles of discrimination, immigration, globalization, superstar and winner-take-all markets, party politics, and differences between rich and poor in voting power, political voice, and political participation; perspectives from other social and behavioral science disciplines. Lower-level elective.
Credit not given for both this course and 01:790:120.
01:220:200 Economic Principles and Problems (3) Economic principles and their application to current problems. Prerequisite: 01:640:111, or 115, or calculus placement. Open only to engineering students. Credit not given for both this course and 01:220:102 and 103. 01:220:200 may be used in place of 01:220:102 and 103 to satisfy the prerequisite for more advanced courses.
01:220:210 Economic Data Analytics I: Introduction to Data Management and Statistics for Decision-Making (1.5) Introduction to data collection, visualization, analysis, and presentation; use of Microsoft Excel throughout. Equivalent to half of an elective. Prerequisite: 01:640:026 or placement into higher. Credit not given for this course and 01:220:212. May be used for economics minor credit only.
01:220:211 Economic Data Analytics II: Introduction to Regression Methods for Decision-Making (1.5) Introduction to basic linear regression methods, hypothesis testing, and interpretation of estimates; use of Microsoft Excel and Regressit, an Excel add-in. Equivalent to half of an elective.
Prerequisite: Either 01:220:210, 01:960:211, or 01:960:285. Credit not given for this course and 01:220:212. May be used for economics minor credit.      
01:220:212 Economic Data Analytics: Introduction to Data Management, Statistics, and Regression Methods for Decision-Making (3) Introduction to data collection, visualization, analysis, and presentation; introduction to basic linear regression methods, hypothesis testing, and interpretation of estimates; use of Microsoft Excel and Regressit, an Excel add-in, throughout. This course is equivalent to the 210-211 sequence. Prerequisite: 01:640:026 or placement into higher. May be used for economics minor credit only. Credit not given for this course and 01:220:210 or 01:220:211.
01:220:300 International Economics (3) Pure or "real" aspects of international trade, including the basic comparative advantage model, commercial policy (tariffs, quotas, etc.), economic integration, and the role of international trade in economic development. Monetary aspects of international trade, including international capital movements, foreign exchange market, concept and measurement of balance of payments, alternative means of correcting disequilibrium in the balance of payments, and international monetary arrangements. Prerequisites: 01:220:102, 103. Major credit may be earned for only two of the three courses: 01:220:300, 335, 336.
01:220:301 Money and Banking (3) Economic significance of money; structure, history, and present state of the American monetary system; credit, banking, and Federal Reserve; instruments of credit control; Federal Reserve and treasury policies; monetary reform, monetary theory and policy. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:303 Labor Institutions and Markets (3) Private and public employee unions, industrial relations, and collective bargaining. Public regulation of labor markets including industrial safety and wage levels. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:305 American Economic History (3)
Long-term trends in economic growth and institutions from the colonial period to World War II. Development of transportation and industry. Effects of technological change and immigration. Economics of slavery. Monetary history and government regulation. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:307 Economics of Globalization: A Historical Perspective (3) Examination of the evolution of globalization from the 1800s to the present; assessment of the benefits of financial and trade integration relative to the costs associated with integration such as the consequences of financial crises. Lower-level elective.
Prerequisite: 01:220:300 or 335 or 336.
01:220:308 Introduction to Managerial Economics (3) Application of contemporary economic theory to managerial decisions and to public policy affecting business. Lower-level elective. Prerequisites: 01:220:102, 103. This course may not be used for major credit. Students cannot get minor credit for both 01:220:308 and 14:540:343.
01:220:311 Methods of Cost-Benefit Analysis (3) Introduction to theoretical and applied welfare economics. Theories of social welfare; the normative basis for, and practical techniques of, cost-benefit analysis. Selected applications.
Prerequisites: 01:220:320 and 322.
01:220:320 Intermediate Microeconomic Analysis (3) Households and firms as maximizing agents; implications for demand and supply of goods and productive services in competitive and monopolistic markets; general equilibrium; welfare economics. Prerequisites: 01:220:102, grade of C or better; 01:640:135 or 151, grade of C or better. Credit not given for both 01:220:320 and 203.
01:220:321 Intermediate Macroeconomic Analysis (3) Modern and classical theories of income determination, stabilization, and economic growth; emphasis on unemployment and inflation. Prerequisites: 01:220:102, 103, grade of C or better; 01:640:135 or 151, grade of C or better. Credit not given for both 01:220:321 and 204.
01:220:322 Econometrics (3) Introduction to the application of statistical methods for the estimation, testing, and prediction of economic relationships. Emphasizes ordinary least squares regression and problems in its application. Extensive use of microcomputers. Special topics may include limited dependent variable models, simultaneous equation methods, and time-series methods. Prerequisites: 01:220:102, 103, grade of C or better; 01:960:211 or 285 or equivalent, grade of C or better; 01:640:135 or 151, grade of C or better. Credit not given for both this course and 01:220:326.
01:220:326 Econometric Theory (3) Introduction to econometric theory and applications. Regression-based estimators derived and their statistical properties established. Topics include linear regression model and its extensions in economics, full information maximum likelihood estimators and test procedures, and other nonlinear methods. Computer applications of these methods employed. Prerequisites: 01:220:102, 103; 01:960:211 or 285; 01:640:136 or 152. Credit not given for both this course and 01:220:322.
01:220:327 History of Economic Thought (3) Historical examination of the major concepts of economic theory. Covers all major traditions within economic thought, with special emphasis on the school of classical political economy. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:331 Economics of Crime (3) Economic analysis of crime and the criminal justice system, criminal behavior, law enforcement, crime prevention, sentencing, capital punishment, organized crime, and the war on drugs. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:334 Energy Economics (3) Economic analysis of energy problems. Critical examination of government energy policies. Lower-level elective. Prerequisites: 01:220:102, 103.
01:220:348 Economics of Social Welfare Programs (3) Analysis of efficiency and equity effects of government welfare programs including cash assistance and Social Security. Evaluation of alternative assistance proposals. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:350  Economics of Africa (3) Structure and performance of the economies of Africa with an emphasis on the African Union. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:357 Economics of India (3) Examination of the Indian economy from independence until today; tools for analyzing Indian economy and other developing economies. Lower-level elective.
Prerequisites: 01:220:102, 103. Credit not given for both this course and 01:925:357.
01:220:359 Economics of Asia (3) Major Asian economies (excluding Japan) in four units: Asia's newly industrializing economies (Korea, Taiwan, and Hong Kong); Southeast Asia; China and Central Asia; and India and South Asia. Focus on the Green Revolution in Asia, Asian industrialization and structural change, and the changing pattern of comparative advantage in United States-Asia economic relations. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:362 Comparative Economic Systems (3) Comparative analysis of differing economic systems with emphasis on plan/market comparisons and the nature of transitions in formerly planned economies. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:379 Marxian Economics (3) The method of dialectical materialism; economic interpretation of history; emphasis on Marx's analysis of the laws of capitalist development (value and price, surplus value, accumulation, crisis, etc.); and the transition from "primitive" to "full" communism. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:389 Public Policies toward Business (3) Analysis of major policies affecting competition. Topics include antitrust, traditional public-utility regulation, and newer regulatory alternatives. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:390 Choice and Strategy in Politics (3) Rational-choice approaches to understanding political behavior and institutions. Spatial models of direct and representative democracy; strategic behavior of political actors; ideal voting systems; selected applications in U.S. and other political systems. Credit not given for both this course and 01:790:390.
01:220:395 Law and Economics (3) Economic rationale and consequences of legal rules. Contracts, compensation, property rights, liability rules, crime, safety, monopoly, discrimination, health care, pollution, and public interest law. Lower-level elective.
Prerequisites: 01:220:102, 103.
01:220:396 Corporations, Bankruptcies, and Takeovers (3) Origin and nature of corporations; corporate bankruptcy, including liquidation and reorganization; mergers and acquisitions; takeover disputes. Lower-level elective.
Prerequisites: 01:220:102, 103. Credit not given for both this course and 01:220:309.
01:220:397 Internship in Economics (1) Supervised internship in economics-related position. Approval of the director of undergraduate studies and semester paper required. Prerequisites: 01:220:102, 103. Each student is limited to one internship in economics. Students are responsible for finding internships. Majors only. Graded Pass/No Credit.
01:220:398,399 Independent Study in Economics (3,3) Independent research supervised by a faculty member. Prerequisites: 01:220:102, 103. By permission of instructor and department. Maximum of two independent study courses in economics allowed.
01:220:400 Advanced Time-Series and Financial Econometrics (3) Application of multivariate time-series methods to economics and finance. Upper-level elective. Prerequisites: 01:220:320, 321, and 322.
01:220:401 Advanced Econometrics (3) Topics in cross-sectional and panel econometrics. Topics include fixed effects, panel data, instrumental variables and simultaneous equation methods, limited dependent variable models, duration models, financial models, and macroeconomic models. Emphasis on application of these methods to economic issues with focus on computer exercises. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322. Open to students doing honors research or by special permission.
01:220:402 Labor Economics (3) The firm's labor demand, the household's labor supply, and wage determination in competitive and noncompetitive markets. Economics of unions. Human capital, occupational choice, wage structure, and unemployment. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:302.
01:220:403 Special Topics in Labor Markets (3) Analysis of topics such as hours of work, fertility and population, mobility, job search, and unemployment. Investment in human capital, wage and retirement policies, and occupational training. Upper-level elective. Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:304.
01:220:411 Global Financial Crises (3) Financial crises from a historical perspective; survey of the history of banking, currency, and debt crises across the world for the past century and a half; in-depth discussion of the 2008 crisis in the United States and the Euro-zone crisis of 2010-2013. Seminar. Upper-level elective. Prerequisites: 01:220:320, 321, and 322. 
01:220:412 Monetary Theory and Policy (3) Role of money and the monetary system in determining income, employment, and price level; techniques of monetary policy; relation of monetary and fiscal policy; international policies. Upper-level elective.
Prerequisites: 01:220:321 and 322.
01:220:413 Financial Economics (3) Analysis of financial decision making; capital budgeting; capital structure; economic forecasting. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:393.
01:220:414 Economics of Capital Markets (3) Capital markets uncertainty, asset valuation, return on assets, determinants of relative yields. Theories of stock and bond market activity. Innovations in financial instruments. Upper-level elective.
Prerequisites: 01:220:321, 322, and either 393 or 413. Credit not given for both this course and 01:220:394.
01:220:415 Portfolio Theory (3) Selection of a financial portfolio under conditions of uncertainty. Treatment of risk. Case histories of investment fund performance. Upper-level elective.
Prerequisite: 01:220:393 or 413.
01:220:416 Government Policies for Full Employment and Growth (3) Alternative government policies to ensure fulfillment of the national goals of full employment, price stability, satisfactory growth, and balanced international payments. Upper-level elective.
Prerequisites: 01:220:321 and 322.
01:220:417 Health Economics (3)
Medical care costs; production of health; demand for health care and insurance; health services personnel; physician and hospital behavior; cost containment; review and evaluation of public programs. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:316 or 10:832:332.
01:220:419 Managerial Economics (3) Application of contemporary economic theory to managerial decisions and public policy affecting business. Incremental analysis, applications of linear programming to cost minimization and product mix, demand forecasting, pricing problems, and issues of public policy. Upper-level elective.
Prerequisites: 01:220:320 and 322.
01:220:421 Economic Forecasting and Big Data (3) Application of forecasting to private- and public-sector decisions. Emphasis on time-series models with microeconomic and macroeconomic applications and computer exercises. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322.
01:220:422 Urban and Regional Economics (3) Application of market analysis, location theory, and public choice theory to urban areas. Analysis of urban problems such as housing, transportation, segregation, zoning, and public safety. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:330.
01:220:432 Environmental Economics (3) Economic basis of problems of air and water pollution and general environmental quality. Issues relating to externalities and public goods. Economic solutions to problems of environmental quality. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:332 or 11:373:363.
01:220:435 International Trade (3) Theories analyzing the gains from, and causes of, the international exchange of goods and services. The impact of commercial policy and other government policies on these gains and resource allocation. Upper-level elective. Prerequisites: 01:220:320, 322. Major credit may be earned for only two of the three courses: 01:220:300, 335, 336. Credit not given for both this course and 01:220:335.
01:220:436 International Balance of Payments (3) Theory of the balance of payments and balance-of-payments adjustment. International financial system, foreign exchange market, determinants of the trade balance and capital accounts, and the impact of government financial policies in the open economy. Upper-level elective. Prerequisites: 01:220:320, 321, and 322. Major credit may be earned for only two of the three courses: 01:220:300, 335, 336. Credit not given for both this course and 01:220:336.
01:220:437 Economics of the European Union (3) Intraregional macroeconomic analysis of the European Union, elimination of all trade barriers, integration of capital and labor markets, coordination of monetary and fiscal policies, the euro currency. Upper-level elective. Prerequisites: 01:220:320, 321, and 322. Credit not given for both this course and 01:220:337.
01:220:438 Education Economics (3) Economic theory applied to educational policy issues. The nature of education and its relation to personal and societal development from economic perspectives. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:338.
01:220:439 Economic Development (3) Theories and experience of qualitative and quantitative changes involved in the process of raising living standards in less-developed countries. Upper-level elective. Prerequisites: 01:220:320, 321, and 322. Credit not given for both this course and 01:220:339. 
01:220:440 Economics of Income Inequality and Discrimination (3) Income distribution in the United States and elsewhere; the roles of occupation, education, and discrimination. Government policies concerning inequality, discrimination, and poverty. Upper-level elective. Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:340. 
01:220:441 Industrial Organization (3) Theories of firm and market behavior. Evidence on relationships between structure, conduct, and performance. Includes pricing, profitability, innovation, and advertising. Upper-level elective. Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:341.
01:220:442 Economics of Innovation and Intellectual Property (3) Incentives to innovate, economic models of innovation, intellectual property protection including patents and copyrights, and government programs to stimulate innovation. Upper-level elective. Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:342.
01:220:443 European Economic History (3) Emergence of the modern economy in Europe from the 16th to the 20th century. Price revolution and mercantilism. Industrial revolution in England and the continent, and the formation of international markets. The Great Depression and renewed prosperity. Upper-level elective. Prerequisites: 01:220:320 (or 203) and 321 (or 204) and 322. Credit not given for both this course and 01:220:343.
01:220:444 Financial and Monetary History of the United States (3) Development of financial institutions, money, and capital markets. Central banking and the Federal Reserve system. Gold standard and floating exchange rates. Financial panics and economic crises. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322. Credit not given for both this course and 01:220:344.
01:220:445 Advanced Topics in International Economics (3) Topics may include strategic trade, trade and economic growth, the political economy of trade policy, exchange rate determination, international coordination of macroeconomic policy, empirical issues in international economics, and foreign direct investment. Upper-level elective. Prerequisites: 01:220:320, 321, and 322. Credit not given for both this course and 01:220:433.
01:220:449 Economics of Transition (3) Economic analysis of the policies and performance of the transition economies of the former Soviet Union and Eastern Europe. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322. Credit not given for both this course and 01:220:349.
01:220:456 Economics of Latin America (3) Survey of Latin American economic patterns and problems; specific studies of selected national economies and their relation to the world economy. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322. Credit not given for both 01:220:356 and 456.
01:220:458 Economics of Japan (3) Study of the modernization of the first non-Western industrialized economy. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322. Credit not given for both this course and 01:220:358.
01:220:460 Public Economics (3) Rationale for the public sector; public expenditure theory; economics of political process; expenditure structure and growth; incidence and incentives of specific taxes; fiscal incidence; stabilization. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:360.
01:220:463 Economics of Taxation (3) Structure of the U.S. tax system. Effects on the allocation of resources and economic growth; distribution of the burden of taxation across income groups. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:363.
01:220:464 Personal Economics and Public Policy (3) Examination of how public policy affects and is affected by individuals' economic decisions and actions. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:364.
01:220:469 State and Local Public Finance (3) Evolution of federalism; analysis of expenditure and revenue decisions and intergovernmental grants; discussion of stabilizing and distributional aspects of state-local finances; and specific state-local fiscal problems. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:369.
01:220:470 Economic Growth (3) Theories, experience, and measurement of quantitative changes in output, employment, price levels, and other economic aggregates in modern developed countries. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322. Credit not given for both this course and 01:220:370.
01:220:471 Economics of Regulation (3) Applied topics in rate-of-return regulation. Emphasis on underlying financial, accounting, and pricing issues in selected utilities industries. Upper-level elective.
Prerequisites: 01:220:320 and 322.
01:220:475 Women, Men, and the Economy (3) Description and analysis of women's economic status. Theories of discrimination against women in the labor market, including neoclassical, institutional, and Marxian. Women's work in the home analyzed from three perspectives: household utility maximization, patriarchy, and a sex-gender system. Application of theories to case studies. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:375.
01:220:477 Economics of Population (3) Theoretical and empirical study of the interrelations between population change and economic change in developed as well as less-developed countries. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322. Credit not given for both this course and 01:220:377.
01:220:478 Economies of the USSR and Russia (3) Analysis of the former Soviet economic system and attempted reforms through Perestroika: the transition to markets in the post-Soviet era in Russia and the Commonwealth of Independent States. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322. Credit not given for both this course and 01:220:378.
01:220:480 Behavioral and Experimental Economics (3) Critical examination of the behavioral critique of economic theory. Methodological questions about the nature of knowledge and discovery in economics, and the role of observation and econometric methods, including analysis of data from controlled experiments, in evaluating existing theory. Prerequisites: 01:220:320, 322, and 01:640:136 or 152. Credit not given for this course and 01:220:404 or 01:220:405.
01:220:481 Economics of Uncertainty (3) Measurement of risk, attitudes toward risk, decision-making under uncertainty, Bayesian decision theory, applications to asset markets. Upper-level elective.
Prerequisites: 01:220:320; 01:960:211 or 285; 01:640:136 or 152. Credit not given for both this course and 01:220:405.
01:220:482 Game Theory and Economics (3) Expected utility theory, zero and nonzero sum games, cooperative and noncooperative games, bargaining models, supergames, oligopoly, core market games, strategy-proof systems. Prerequisites: 01:220:320; 01:960:211 or 285; 01:640:136 or 152. Credit not given for both this course and 01:220:406 or for both this course and 01:640:355.
01:220:483 Economics of Information (3) Private and asymmetric information, moral hazard with optimal contracts, adverse selection with applications to signaling and screening, and incentive mechanisms such as auctions and tournaments. Upper-level elective.
Prerequisites: 01:220:320; 01:960:211 or 285; 01:640:136 or 152. Credit not given for both this course and 01:220:407.
01:220:484 Market Discipline (3) Theories and evidence of agency problems and firm performance at for-profit, not-for-profit, and mutual organizations; internal discipline of managerial performance derived from ownership structure, boards of directors, incentive compensation, and debt financing; external discipline derived from regulation and markets for products, capital, labor, and donors. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:408.
01:220:485 Mathematical Economics (3) Mathematical approach to topics in theoretical economics: linear models, nonlinear programming, comparative statics, consumer behavior, theory of the firm, market structure, welfare theory. Upper-level elective. Prerequisites: 01:220:320, 321, and 322. Credit not given for both this course and 01:220:409.
01:220:486 Operations Research I (3) Application of quantitative methods to production management including decision theory, game theory, deterministic inventory theory, queuing, and linear programming. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 33:623:386. Credit not given for both this course and 01:220:386.
01:220:487 Operations Research II (3) Development and use of advanced techniques of production management, including advanced topics in linear programming, PERT, nonlinear programming, dynamic programming, stochastic inventory theory, and Markov analysis and simulation. Upper-level elective.
Prerequisites: 01:220:320 and 322; 01:640:136 or 152. Credit not given for both this course and 01:220:410.
01:220:488 Government Protection of Consumers, Employees, and Investors (3) Market failure; consumer protection from hazardous products, false advertising, and deceptive sales practices; regulation of workplace safety; protection of investor and pension funds. Upper-level elective.
Prerequisites: 01:220:320 and 322. Credit not given for both this course and 01:220:388.
01:220:489 Topics in Advanced Economic Theory (3) Economic dynamics; variational methods with applications; economics under uncertainty; imperfect information and market structure; social choice; design of incentive-compatible systems; general equilibrium. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322. Credit not given for both this course and 01:220:430.
01:220:490,491 Advanced Independent Study and Research (3,3) Specialized research supervised by a faculty member. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322. Open to juniors and seniors by permission of instructor and department. Maximum of two independent study courses in economics allowed.          
01:220:493 Honors Research Seminar I (3) Workshop in which students, in conjunction with faculty advisers, formulate and develop individual research projects and present and discuss their research findings. Upper-level elective.
Prerequisites: 01:220:320, 321, and 322. Pre- or corequisite: 01:220:401. Open to sophomores, juniors, and seniors by permission of department.
01:220:494 Honors Research Seminar II (3) Workshop in which students, in conjunction with faculty advisers, complete individual research projects begun in 01:220:493 or in a research-oriented economics elective course and present and discuss their research findings. Prerequisites: 01:220:320, 321, 322. Pre- or corequisite: 01:220:401. Open to sophomores, juniors, and seniors by permission of department.     
01:220:495,496 Seminar in Economics (3,3) Readings, analysis, and discussion of topics announced in advance each semester. Upper-level elective.
Open to juniors and seniors by permission of department.
 
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