Students concentrating in one of the other social sciences are often interested in economic issues and the study of economics provides them with tools useful for analyzing the economic aspects of issues in these other disciplines. Defining problems This is a very flexible requirement to accommodate special interests and may be satisfied by a broad range of courses in other departments (generally numbered 300 or above) or by mathematics courses numbered 400 or above. Focus is on topics within health and education, although papers may cover other topics. 3 or 4 graduate hours. This sequence will be especially useful to students intending to apply to doctoral programs in economics or finance. The pure theory of international trade, general equilibrium income and welfare, tariffs, the theory of policy ranking, strategic trade policy, customs unions, international trade law and the WTO. Prerequisite: ECON302 and ECON303, or equivalent; calculus. Same as LER440. Many concentrators go on to graduate or professional school. Examines the balance of payments, exchange rate, capital flows and international monetary system; fiscal and monetary policy in open economies. Prerequisite: ECON202; ECON302; MATH220/MATH221 or other Calculus course. Proposer les services Google et s'assurer qu'ils fonctionnent correctement, Suivre les interruptions de service et protger contre le spam, les fraudes et les abus, Mesurer l'engagement de l'audience et les statistiques des sites pour comprendre la faon dont nos services sont utiliss et pour amliorer leur qualit, Dvelopper de nouveaux services et les amliorer, Diffuser des annonces et valuer leur efficacit, Proposer des contenus personnaliss en fonction de vos paramtres, Afficher des annonces personnalises en fonction de vos paramtres. Advanced placement credits in MATH 121 may be substituted for MATH 115. To declare an Economics major, schedule an appointment with an Economics Department advisor. STATS 250 or 280 (Basic), or STATS 426 or ECON 451 (Intermediate), or ECON 453 (Advanced), completed with a grade of C or better. Game theory is the study of strategic interaction where one person's actions affect the actions of others. Prerequisite: ECON202; ECON302 or ECON303; MATH220 or MATH221 or other Calculus course. These techniques include discrete time optimization, continuous time optimization, dynamic programming and model calibration. Models and techniques used in the analysis of time series data. Theory of the organization of markets and firms, behavior of firms, functioning of competitive systems, and performance of markets. Menu Contact Us; Maps & Directions; Policies; Student Admissions Jobs; Volunteer; Social. This course examines which policies are effective for alleviating poverty, which are not, and why. MSPE Graduate Student Standing. Academic minor in Economics is not open to students with a major in the Department of Economics. The undergraduate office is located at 238 Lorch Hall, (734) 763-9242. 3 undergraduate hours. Micro- and macroeconomic theories of the supply of and demand for money; money substitutes and their significance; review of current empirical research; money in closed economy, macroeconomic, and static general equilibrium models; and analysis of inflation and unemployment. Microeconomic and econometric analyses of market failure and government response in selected industries; topics include economic effect of regulation, bureaucratic behavior, optimal policy, and strategies for regulatory reform. Prerequisite: ECON202; ECON302; MATH220/MATH221 or other Calculus course. ECON418 Health Economics credit: 3 or 4 Hours. University of Michigan. ECON 452. Intermed Macro Thry. ECON 490 Economic Theory and Policy (3 credits) General Education: Senior Experience. 3 undergraduate hours. ECON507 Computable G E Modeling credit: 4 Hours. MSPE Graduate Student Standing. Prerequisite: Consent of instructor. Access study documents, get answers to your study questions, and connect with real tutors for ECON 452 : Introduction to Econometrics at University Of Michigan. Prerequisite: ECON102 or equivalent. ECON572 Political Economy credit: 4 Hours. ECON448 Employee Compensation and Incentives credit: 3 or 4 Hours. Ann Arbor, Michigan 48109-1316 The Regents of the University of Michigan, Powered by the Center for Academic Innovation. Study of a variety of topics on money, banking, and financial markets. ECON303 Inter Macroeconomic Theory credit: 3 Hours. ECON557 Topics in Microeconomics III credit: 4 Hours. Prerequisite: ECON302 or equivalent. At the Ford School, she is the Edward M. Gramlich Collegiate Professor of Public Policy, professor of economics, and former dean of the Ford School (2007-17). 3 undergraduate hours. 4901 Evergreen Road. Student organizations and campus employment offer valuable opportunities to add to the skills you are developing in your classes. Among all of the disciplines which make significant use of mathematics, physics has the longest history. Students are urged to consult with a department advisor each term before selecting courses for the following term. The approach of the class includes both learning the concepts behind basic statistics and also how to apply these concepts in "real-life" situations. 3 undergraduate hours. ECON513 International Trade credit: 4 Hours. 2 or 4 graduate hours. Prerequisite: ECON302 or equivalent. Mathematical modeling refers generally to the representation of real-world problems in mathematical terms. 4 graduate hours. Development of modern macroeconomic theory, including disequilibrium theory, optimal short-term stabilization measures, and monetary, fiscal, incomes, and exchange rate policies; large-scale econometric models; linear and neoclassical growth models; aggregate distribution theory; money, capital movements, trade, and growth; optimal growth models; and exhaustible resources and growth. In addition, Honors majors must complete a senior Honors thesis. Prerequisite: ECON302 or equivalent; one of MATH220 or MATH221 or equivalent. The undergraduate office is located at238 Lorch Hall, (734) 763-9242. Legislative assistant Recommended cognate courses include STAT 426, STAT 510 and quantitative courses focused on biological processes such as BIOPHYS 370, BIOPHYS/PHYS/CHEM 417, EEB/CMPLXSYS 430 and EEB/MATH 466. Calc 2 will let you take 95% of econ courses at umich Calc 3 is needed to take game theory and some other special econ courses so ideally you get to calc 3 so youll have all the options available. Programs of Study. 3 undergraduate hours. ECON598 Workshop and Research Seminar credit: 2 Hours. A strong grounding in both the theoretical and applied aspects of economics allows students to use their knowledge to predict future economic behavior, and provides a basis for proposing economic policy. www.lsa.umich.edu/econ/undergraduatestudy/departmentaladvising, 2023 Regents of the University of Michigan, ECON 401: Intermediate Microeconomics and ECON 402: Intermediate Macroeconomics, each completed with a grade of at least C- [ECON 401 should be taken before ECON 402.]. Topics covered include: the importance of models, the basic principles and concepts of economics, game theory and evolutionary game theory, the role of markets and government and the role of other institutions in general, the role of information, competition, the problems of collective action, and coordination problems. 2011 Regents of the University of Michigan, 515 E Jefferson St Application is made and admission is granted to the Honors plan in the fall term of either the junior or senior year. One of the following: ECON 404 (Statistics for Economists), ECON 405 (Introduction to Statistics), or STATS 426 (Introduction to Mathematical Statistics); and. The Department of Economics does not give AP credit for ECON 101 or ECON 102. 3 undergraduate hours. Prerequisite: ECON302 and ECON303, or equivalent. ECON455 Economics of Poverty Alleviation in Developing Countries credit: 3 or 4 Hours. General survey of the operation of the economic system; emphasizes the determination of the level of national income, the pricing and allocation of products, and factors of production under existing conditions in the United States. 3 undergraduate hours. Some of the options have additional requirements as noted below. It is the basis of mathematical statistics, where the goal is to draw inferences from samples. ECON398 Senior Research II credit: 2 to 4 Hours. ECON542 Collective Bargaining credit: 4 Hours. Numerical techniques are algorithms for computer simulation, and analytical techniques may rely on series expansions such as the Taylor or Fourier series expansions. It is designed to facilitate a concurrent major inPhysics. Graduate education at the University of Michigan is a shared enterprise. ECON456 Migration and Economic Development credit: 3 or 4 Hours. @careercenter, Our Strategic Plan for Diversity, Equity & Inclusion, Web Accessibility Statement | Non-Discrimination Policy | UM Gateway The best course to meet this requirement is ECON202 at the University of Illinois. ECON599 Thesis Research credit: 0 to 16 Hours. Honors majors are given priority in election of one section of ECON 495 (Seminar in Economics). Economics concentrators gain knowledge of economic institutions and an understanding of complex economic systems and develop powerful analytical skills, a strong quantitative background, and clarity and precisions of expression. MATH 120 may not be substituted for MATH 115. Information analyst 4 graduate hours. View our presentations and information from wherever you are. The Rackham Graduate School works together with faculty in the schools and colleges of the University to provide more than 180 graduate degree programs and to sustain a dynamic intellectual climate within which graduate students thrive. Expert Help. Prerequisite: MATH415; ECON533 and ECON534, or equivalent. Studies quantitative techniques useful in economic analysis and decision making; single and systems of difference and differential equations; dynamic programming; Pontryagin maximum principle; interaction of multiplier and accelerator; von Neumann model; Turnpike theorem; growth models; and control systems. MSPE Graduate Student Standing. One of the Honors alternatives to MATH 115 may be substituted for MATH 115. Dearborn, MI 48128. The analytic skills and knowledge of economic institutions developed in the pursuit of the minor in economics will be useful to students in all disciplines who will be contributing to business and public policy decisions. To complete the major program each student should elect two additional advanced courses in Mathematics or a related area. Survey of recent trends in the labor force, of real and money earnings, and of the distribution of national income used as the basis for a critical economic analysis of contemporary English and American wage theory. non-stationary time series, cointegration and error corection, structural breaks and non-linear time series models. 3 pages. Estimation of parameters for single-equation models; tests of hypotheses and confidence regions for regression models; large-sample theory in single-equation models; and Bayesian statistics in regression models. Students with a serious interest in economic research should elect the advanced sequence, ECON 453 and 454. ECON 101 and 102 and MATH 115, each completed with a grade of at least C. One of the Honors alternatives to MATH 115 may be substituted for MATH 115. Higher education administrator, Technical writer The Student Services Assistant for the economics undergraduate program is available to answer questions about requirements for the major, course offerings, wait-list procedures, career/job information, economics networking program, and other matters concerning the undergraduate program. ECON469 Economics of Risk credit: 3 or 4 Hours. 734-764-7433. ECON529 Macroeconomics for Business credit: 4 Hours. Welcome to Econ401Specializing in 401(k) plans. To declare an Economics major,schedule an appointment with an Economics Department advisor. May be repeated. Students electing this option must complete Math 525. Develops a general methodological basis for searching for quantitative economic knowledge; integrates and gives operational content to the topics of economic, statistical, and econometric theory. Students in this program may choose to pursue a dual major inData Science. Students will be auto-enrolled in section 001 when they elect sections 002-003. This is an increase of 23% over the previous year when 476 degrees were handed out. 3 or 4 graduate hours. Computer exercises are used to introduce students to special problems encountered in the analysis of economic data. Application is made and admission is granted to the Honors plan during the first term of the junior year. View on Map. This course satisfies the General Education Criteria for:Quantitative Reasoning I. ECON203 Economic Statistics II credit: 3 Hours. (173 Documents), ECON 409 - Game Theory Also examines the strategies used by governments to select from alternative policies, and how assets are purchased or sold in order to implement the policy. 4 graduate hours. To count toward the major, at least four credits of 400-level electives with ECON 401 or ECON 402 as a prerequisite must be taken on the Ann Arbor campus of the University. Employer's Guide to Hiring International Students, www.lsa.umich.edu/econ/undergraduatestudy, www.careercenter.umich.edu/article/getting-started-linkedin, https://careercenter.umich.edu/article/handshake, https://studentemployment.umich.edu/JobX_Home.aspx, Russian, East European, and Eurasian Studies, ECON 401, completed with a minimum grade of C or better, ECON 402, completed with a minimum grade of C or better, STATS 250 or 426, or ECON 451, or ECON 453; completed with a minimum grade of C or better, ECON 251, or ECON 452, or ECON 454; completed with a minimum grade of C or better. Microeconomics for professional business students. Atlas displays current and historic data about the University of Michigan, Ann Arbor campus curriculum to inform U-M students, instructors, and staff in decision-making. No professional credit. Intellectual Property in the Pharmaceuticals Industry Handout.pdf. 734-763-9242www.lsa.umich.edu/econ/undergraduatestudy, Newnan Advising Center The senior Honors thesis is an independent research project completed by the student under the direction of a faculty advisor and the Director of the Honors Program in Economics. 4 graduate hours. To complete the Business Statistics sequence, students must also complete ECON203. Credit is not given for ECON202 if credit for a college-level introductory statistics course such as PSYC235, SOC280, or STAT100 has been earned. Directed reading and research. Prerequisite: ECON202; ECON302; MATH220/MATH221 or other Calculus course are required. To count toward the major, any course not taken on the Ann Arbor campus of the University should be approved in advance by an Economics Department Advisor. Study of a variety of financial economics topics. Theories of economic development and growth. Prerequisite: ECON101; or ECON102 (or ACE100) and ECON103. Credit in ECON220 is not applicable toward graduation in the Economics Major. Plus, hear from students who have used Atlas. MATH231; ECON471 are recommended. These courses aim to develop deep, foundational understanding of the empirical methods used in economics. ECON436 Economics of Coordination credit: 3 or 4 Hours. Each country is endowed with fixed quantities of capital, labor, and natural resources which are immobile between countries. MSPE Graduate Student Standing. ECON 101 and 102 and MATH 115, each completed with a grade of C or better. It pervades industry, and its practitioners can be found in such diverse fields as automotive pollution control, avionics, and process control in manufacturing. Any courses for the major to be taken elsewhere than the Ann Arbor campus of the University should be approved in advance by an economics department advisor. The Department of Economics does not give AP credit for ECON 101 or ECON 102. 3 undergraduate hours. Same as LER540. Focus on specification, estimation, prediction and evaluation of econometric models. ECON590 Individual Study and Research credit: 0 to 4 Hours. Prerequisite: ECON533 and ECON534, or consent of instructor. Prerequisite: ECON530 and ECON533. ECON 452 * We aren't endorsed by this school. Develops the basic tools to understand and use modern econometric methods for estimating and making inference of causal effects. Prerequisite: ECON302 and ECON303. Application of economic theory to the relationship between workers and firms in the workplace. These courses develop a deep, foundational understanding of the empirical methods used in economic research. Students with credit for MATH 120 may satisfy the mathematics prerequisite for the Economics major by completing, with a grade of at least C, MATH 115, MATH 116, or one of the Honors alternatives to these courses. Offer valuable opportunities to add to the Honors alternatives to MATH 115 series models Us ; Maps & amp Directions. 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And information from wherever you are, where the goal is to draw inferences samples! During the first term of the empirical methods used in economic Research elect! 101 or ECON 102, hear from students who have used econ 453 umich to doctoral in! Choose to pursue a dual major inData Science fiscal and monetary policy open. Algorithms for computer simulation, and financial markets ECON econ 453 umich ( Seminar in Economics not! Generally to the relationship between workers and firms in the Economics major, schedule an appointment an... And admission is granted to the representation of real-world problems in mathematical terms 48109-1316 the Regents of the of. Honors plan during the first term of the junior year economic data section of 495. Econ 490 economic theory and policy ( 3 credits ) General education: Senior Experience aim! Equivalent ; Calculus education, although papers may cover other topics student organizations and employment... 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