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 Economics Courses



Lower Division Courses

1.  Introduction to Economics. (4)   Students will receive 2 units of credit for 1 after taking Economics 3 or Environmental Economics and Policy 1; no credit after taking Economics 2. Two hours of lecture and two hours of discussion per week. A survey of economics designed to give an overview of the field. (F,SP) Staff

2.  Introduction to Economics--Lecture Format. (4)   Students will receive no credit for 2 after taking 1; 2 units after taking 3 or Environmental Economics and Policy 1. Three hours of lecture and one hour of discussion per week. The course provides a survey of economics principles and methods. It covers both microeconomics, the study of consumer choice, firm behavior, and market interaction, and macroeconomics, the study of economic growth, unemployment, and inflation. Special emphasis is placed on the application of economic tools to contemporary economic problems and policies. Economics 2 differs from Economics 1 in that it has an additional hour of lecture per week and can thus cover topics in greater depth. It is particularly appropriate for intended economics majors. (SP) Staff

C3.  Introduction to Environmental Economics and Policy. (4)   Students will receive two units of credit for C3 after taking Economics 1. Three hours of lecture and one hour of discussion per week. Prerequisites: Mathematics 32. Formerly 3. Introduction to microeconomics with emphasis on resource, agricultural, and environmental issues. Also listed as Environmental Economics and Policy C1. (F,SP) Staff

24.  Freshman Seminar. (1)   Course may be repeated for credit as topic varies. One hour of seminar per week. Sections 1-3 to be graded on a passed/not passed basis. Sections 4-5 to be graded on a letter-grade basis. The Freshman Seminar Program has been designed to provide new students with the opportunity to explore an intellectual topic with a faculty member in a small seminar setting. Freshman seminars are offered in all campus departments. Topics vary from department to department and semester to semester. Enrollment limited to 15 freshman.

84.  Sophomore Seminar. (1,2)   Course may be repeated for credit as topic varies. One hour of seminar per week per unit for fifteen weeks. One and one half hours of seminar per week per unit for 10 weeks. Two hours of seminar per week per unit for eight weeks. Three hours of seminar per week per unit for five weeks. Sections 1-2 to be graded on a passed/not passed basis. Sections 3-4 to be graded on a letter-grade basis. Prerequisites: At discretion of instructor. Sophomore seminars are small interactive courses offered by faculty members in departments all across the campus. Sophomore seminars offer opportunity for close, regular intellectual contact between faculty members and students in the crucial second year. The topics vary from department to department and semester to semester. Enrollment limited to 15 sophomores. (F,SP)

98.  Directed Group Study. (1-4)   Course may be repeated for credit. Enrollment is restricted; see the Introduction to Courses and Curricula section of this catalog. Hours to be arranged. Must be taken on a passed/not passed basis. Written proposal must be approved by Department Chair. Seminars for the group study of selected topics, which will vary from year to year. Topics may be initiated by students. Staff

Upper Division Courses

100A.  Economic Analysis--Micro. (4)   Students will receive no credit for 100A after taking 101A or Undergraduate Business Administration 101A. A deficient grade in Undergraduate Business Administration 101A may be repeated by taking 100A. Three hours of lecture and one to two hours of discussion per week. Prerequisites: 1 or 2 or C3, or Environmental Economics and Policy 1, and Mathematics 1A or 16A, and Mathematics 1B or 16B, or equivalent. Resource allocation and price determination. (F,SP) Staff

100B.  Economic Analysis--Macro. (4)   Students will receive no credit for 100B after taking 101B or Undergraduate Business Administration 101B. A deficient grade in Undergraduate Business Administration 101B may be repeated by taking 100B. Three hours of lecture and one to two hours of discussion per week. Prerequisites: 1 or 2, and Mathematics 1A or 16A. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy. (F,SP) Staff

101A.  Economic Theory--Micro. (4)   Students will not receive credit for 101A after taking 100A or Undergraduate Business Administration 101A. A deficient grade in Undergraduate Business Administration 101A may be repeated by taking 101A. Three hours of lecture and one to two hours of discussion per week. Prerequisites: 1 or 2, Mathematics 53 or equivalent or consent of instructor. Theory of resource allocation and price determination with an emphasis on microeconomic principles. (F,SP) Staff

101B.  Economic Theory--Macro. (4)   Students will not receive credit for 101B after taking 100B or Undergraduate Business Administration 101B. A deficient grade in Undergraduate Business Administration 101B may be repeated by taking 101B. Three hours of lecture and one to two hours of discussion per week. Prerequisites: 1 or 2, and Mathematics 1A and 1B. A study of theories of the determination of national income, employment, and price levels, with attention to the effects of monetary and fiscal policy. (F,SP) Staff

C102.  Natural Resource Economics. (4)   Three hours of lecture and one hour of discussion per week. Prerequisites: Environmental Economics and Policy 100, or Economics 100A or 101A. Introduction to the economics of natural resources. Land and the concept of economic rent. Models of optimal depletion of nonrenewable resources and optimal use of renewable resources. Application to energy, forests, fisheries, water, and climate change. Resources, growth, and sustainability. Also listed as Environmental Economics and Policy C102. (F) Sunding

C103.  Introduction to Mathematical Economics. (4)   Three hours of lecture per week. Prerequisites: Math 53 and 54. Formerly 103. Selected topics illustrating the application of mathematics to economic theory. This course is intended for upper-division students in Mathematics, Statistics, the Physical Sciences, and Engineering, and for economics majors with adequate mathematical preparation. No economic background is required. Also listed as Mathematics C103. Staff

104.  Advanced Microeconomic Theory. (4)   Three hours of lecture and zero to one hours of discussion per week. Prerequisites: 101A or consent of instructor. This course explores some issues in advanced microeconomic theory, with special emphasis on game-theoretic models and the theory of choice under uncertainty. Specific applications will vary from year to year, but will generally include topics from information economics and models of strategic interaction. Staff

105.  History of Economic Thought. (4)   Three hours of lecture per week. A survey of the theories of major economists from Adam Smith to Keynes. (F,SP) Staff

C110.  Game Theory in the Social Sciences. (4)   Students will receive no credit for C110 after taking Economics 104. Three hours of lecture and one hour of discussion per week. Formerly 135. A non-technical introduction to game theory. Basic principle, and models of interaction among players, with a strong emphasis on applications to political science, economics, and other social sciences. Also listed as Political Science C135. Staff

113.  American Economic History. (4)   Three hours of lecture and zero to one hours of discussion per week. Prerequisites: 1 or 2 or C3, or Environmental Economics C1. A survey of trends in the American economy; emphasis on factors explaining economic growth and on the changing distribution of the gains and losses associated with growth. (F,SP) Staff

115.  The World Economy in the Twentieth Century. (4)   Three hours of lecture and zero to one hours of discussion per week. Prerequisites: 1 or 2. Development of the world economic system with particular reference to world-wide trading relationships. This course is equivalent to History 160; students will not receive credit for both courses. Staff

119.  Psychology and Economics. (4)   Three hours of lecture and zero to one hours of discussion per week. Prerequisites: 100A or 101A. This course presents psychological and experimental economics research demonstrating departures from perfect rationality, self-interest, and other classical assumptions of economics and explores ways that these departures can be mathematically modeled and incorporated into mainstream positive and normative economics. The course will focus on the behavioral evidence itself, especially on specific formal assumptions that capture the findings in a way that can be incorporated into economics. The implications of these new assumptions for theoretical and empirical economics will be explored. (F,SP) Staff

121.  Industrial Organization and Public Policy. (4)   Three hours of lecture and zero to one hours of discussion per week. Prerequisites: 100A or 101A. The organization and structure of production in the U.S. economy. Determinants of market structure, business behavior, and economic performance. Implications for antitrust policy. (F,SP) Staff

122.  Industrial Organization Seminar. (4)   Three hours of seminar per week. Prerequisites: 121 and/or consent of instructor. Seminar on problems in the field of industrial organization. Seminar paper is required. Staff

123.  Government Regulation of Industry. (3)   Three hours of lecture per week. Prerequisites: 121. Problems of public policy in the field of industrial organization. Analysis of regulatory consequences with particular attention to economic performance. Staff

124.  Special Topics in Industrial Organization. (4)   Three hours of lecture per week. Prerequisites: 121. Analysis of market structure, conduct and performance in selected industries. See course announcement for current topics. Staff

C125.  Environmental Economics. (4)   Three hours of lecture and one hour of discussion per week. Prerequisites: Environmental Economics and Policy 100, or Economics 100A or 101A. Theories of externalities and public goods applied to pollution and environmental policy. Trade-off between production and environmental amenities. Assessing nonmarket value of environmental amenities. Remediation and clean-up policies. Environment and development. Biodiversity management. Also listed as Environmental Economics and Policy C101. (SP) Zilberman

131.  Public Economics. (4)   Three hours of lecture and zero to one hours of discussion per week. Prerequisites: 100A-100B or 101A-101B. This course focuses on the role of the government in the economy from a theoretical and empirical perspective. The aim of the course is to provide an understanding of the reasons for government intervention in the economy, analyzing the merits of possible government policies, and the response of economic agents to the government's actions. The course covers the analysis of tax policy, social insurance programs, public goods, environmental protection, and the interaction between different levels of government. Special emphasis is set on current government policy issues such as social security reform, income tax reform, and budget deficits. (F,SP) Staff

132.  Seminar in Public Sector Economics. (4)   Three hours of seminar per week. Prerequisites: 131 and/or consent of instructor. Enrollment will be limited. A seminar paper is required. Staff

134.  Macroeconomic Policy from the Great Depression to Today. (4)   Three hours of lecture and one hour of discussion per week. Prerequisites: 100B or 101B. This course will analyze the macroeconomic challenges and policy responses in the United States over the past century. Among the key topics studied are the Great Depression and the New Deal; boom and bust monetary and fiscal policy in the early post-World War II period; the Volcker disinflation and the Great Moderation; and the 2008 financial crisis and the Great Recession. (SP) Romer

136.  Financial Economics. (4)   Students will receive no credit for 136 after taking Undergraduate Business Administration 103. Students intending on majoring in Business should not take 136. Three hours of lecture and zero to one hours of discussion per week. Prerequisites: 100A or 101A, and one semester of statistics. Analysis of financial assets and institutions. The course emphasizes modern asset valuation theory and the role of financial intermediaries, and their regulation, in the financial system. (F,SP) Staff

138.  Financial and Behavioral Economics. (4)   Three hours of lecture and zero to one hours of discussion per week. Prerequisites: 100A or 101A, and Statistics 20, 21, or 25 or any upper division statistics course. This course is an advanced class in Financial Economics. Topics include moral hazard (principal-agent problems, free cash flow), asymmetric Information (security issurance, dividends), mergers and acquisitions (theory, managerial incentives), corporate governance (separation of ownership and control, internal capital markets, superstar CEOs), corporate fraud (earnings manipulations). This class emphasizes the economic underpinning of financial decision-making and is mathematically and technically demanding. You will be required to do some empirical homework using STATA. (F,SP) Staff

140.  Economic Statistics and Econometrics. (4)   Students will not receive credit for 140 after taking 141. Three hours of lecture and one and one-half hours of discussion per week. Prerequisites: 100A-100B or 101A-101B or equivalent and Statistics 20, 21, 25, or 131A or equivalent. Introduction to problems of observation, estimation, and hypothesis testing in economics. This course covers the linear regression model and its application to empirical problems in economics. (F,SP) Staff

141.  Econometric Analysis. (4)   Students will receive no credit for 141 after taking 140. Three hours of lecture and one and one-half hours of discussion per week. Prerequisites: 100A-100B or 101A-101B or equivalent; Statistics 20, 21, 25, or 131A, or equivalent; and Mathematics 53 and 54, or equivalent. Introduction to problems of observation, estimation, and hypothesis testing in economics. This course covers the statistical theory for the linear regression model and its variants, with examples from empirical economics. (F,SP) Staff

C142.  Applied Econometrics and Public Policy. (4)   Three hours of lecture and zero to one hour of discussion/laboratory per week. Prerequisites: Economics 140 or 141 or consent of instructor. This course focuses on the sensible application of econometric methods to empirical problems in economics and public policy analysis. It provides background on issues that arise when analyzing non-experimental social science data and a guide for tools that are useful for empirical research. By the end of the course, students will have an understanding of the types of research designs that can lead to convincing analysis and be comfortable working with large scale data sets. Also listed as Public Policy C142 and Political Science C131A. Staff

151.  Labor Economics. (4)   Three hours of lecture per week. Prerequisites: 100A or 101A, or consent of instructor. This course will analyze the economic forces that shape labor markets, institutions, and performance in the U.S., Japan, and at least one European country (usually Germany). Institutions examined include trade unions, legal regulations, and social conventions. (F,SP) Staff

152.  Wage Theory and Policy. (4)   Three hours of lecture and zero to one hours of discussion per week. Prerequisites: 100A or 101A. This course focuses on theoretical and empirical analysis of wage and employment determination in the labor market. In addition, the role of public policy in affecting wage and employment outcomes in the U.S. labor market is examined. Topics include labor supply, labor demand, minimum wages, the economics of education and training, discrimination and the impact of antidiscrimination programs, changes in wage inequality over time, immigration, unions, unemployment, and poverty. (F,SP) Staff

153.  Labor Economics Seminar. (4)   Three hours of seminar per week. Prerequisites: 140 or 141, and 151 or 152 and consent of instructor. Topics in labor economics. Seminar paper required. Staff

154.  Economics of Discrimination. (4)   Three hours of seminar per week. Prerequisites: 140 or 141. Starting from Becker's classic book on the economics of discrimination, this course will focus on issues of difference and discrimination accociated with race, gender, or nation of birth, focusing particularly on credit and housing markets, education, and health care. The course looks carefully at the ways in which econometrics is used to address questions of discrimination. (F,SP) Staff

155.  Urban Economics. (3)   Three hours of lecture per week. Prerequisites: 100A or 101A. Application of economic theory to urban problems. Topics covered include location theory, housing, transportation, and the fiscal problems of city government. (F,SP)

157.  Health Economics. (4)   Three hours of lecture per week. Prerequisites: 100A or 101A. An economic analysis of policies and institutions in the U.S. health care sector. Topics covered include the supply and demand for health services, conceptual and policy issues relating to the provision of health insurance, and economic analysis of efficient regulatory policies toward the health care sector. (F,SP) Staff

161.  Economics of Transition: Eastern Europe. (4)   Three hours of lecture per week. Prerequisites: 100A or 101A. Economic behavior under socialism; socialism vs. capitalism. Transition challenges. Stylized facts of transition. Political economy of reform strategies. Liberalization and the macroeconomic environment. Privatization policies and enterprise restructuring. Legal reform, institutional change, and variation in economic performance across countries. Foreign trade and enlargement of the European Union to transition countries. The Washington consensus, transition, and the institutions of capitalism. (F,SP) Staff

162.  The Chinese Economy. (3)   Three hours of lecture per week. Prerequisites: 100A-100B or 101A-101B. The Chinese economy, its institutions, reform and transition to the market, and development. (F,SP) Staff

164.  Economic Systems Seminar. (4)   Three hours of seminar per week. Prerequisites: 161 or 162 or 163 and consent of instructor. A seminar paper will be required.

C171.  Economic Development. (4)   Three hours of lecture and one hour of discussion per week. Prerequisites: Environmental Economics and Policy 100 or Economics 100A or 101A. Problems of underdevelopment and poverty, policy issues, and development strategy. Also listed as Environmental Economics and Policy C151. (F) de Janvry

172.  Case Studies in Economic Development. (4)   Course may be repeated with consent of instructor. Three hours of lecture and zero to one hours of discussion per week. Prerequisites: 100A. A detailed study of the problems of development in a selected geographical area in Asia or Africa or Latin America. (F,SP) Staff

173.  Economic Development Seminar. (4)   Three hours of seminar per week. Prerequisites: 171 or 172 and consent of instructor. A seminar paper will be required. Staff

174.  Global Poverty and Impact Evaluation. (4)   Three hours of lecture and one hour of discussion per week. Prerequisites: At least one prior term of intermediate economics (i.e., 100A or 100B) and some prior coursework in statistics. Rather than simply describing the causes and symptoms of global poverty, this course will explore the variety of tools available for rigorously measuring the impact of development programs. Through weekly case studies of field research, the course will cover impact evaluation theory and methods. The course will culminate with a final project in which each student will design an impact evaluation of a policy or intervention. (SP) Miguel

C175.  Economic Demography. (3)   Three hours of lecture per week. Prerequisites: Economics 1 or 2. Formerly 175. A general introduction to economic demography, addressing the following kinds of questions: What are the economic consequences of immigration to the U.S.? Will industrial nations be able to afford the health and pension costs of the aging populations? How has the size of the baby boom affected its economic well being? Why has fertility been high in Third World countries? In industrial countries, why is marriage postponed, divorce high, fertility so low, and extramarital fertility rising? What are the economic and environmental consequences of rapid population growth? Also listed as Demography C175. (SP) Lee

181.  International Trade. (4)   Three hours of lecture and one hour of discussion per week. Prerequisites: 100A-100B or 101A-101B. The theory of international trade and its applications to tariff protection. (F,SP) Staff

C181.  International Trade. (4)   Students will receive no credit for C181 after taking Undergraduate Business Administration 118. Three hours of lecture and zero to one hours of discussion per week. Prerequisites: Economics 100A-100B or Economics 101A-101B. The theory of international trade and its applications to tariff protection. This course is equivalent to UGBA 118; students will not receive credit for both courses. Also listed as Environmental Economics and Policy C181. (F,SP) Staff

182.  International Monetary Economics. (4)   Three hours of lecture and zero to one hours of discussion per week. Prerequisites: 100A-100B or 101A-101B. The balance of payments, the determination of the trade balance and income under fixed and floating exchange rates, money and prices in open economies, the internationalization of financial markets and its implications, international macroeconomic interdependence, capital flows, and the determination of the exchange rate. (F,SP) Staff

183.  International Economic Seminar. (4)   Three hours of seminar per week. Prerequisites: 181 and 182 and consent of instructor. A seminar paper is required. Staff

191.  Topics in Economic Research. (4)   Three hours of lecture per week. Prerequisites: 100A or 100B. This course discusses recent research and policy developments. The core objective is to expose students to different aspects of research in economics. A sequence of five different frontier research topics are studied in depth each semester. Each topic lasts three weeks, during which students will familiarize themselves with cutting-edge economic research and methodology. Students will then develop their own research ideas and write two medium- size research papers. (F,SP) Staff

H195A.  Senior Honors Thesis. (1-3)   Hours to be arranged. Must be taken on a passed/not passed basis. Prerequisites: Senior honors candidates only (students with major GPA of 3.50 or better or permission of instructor.). Preparation for writing a thesis, finding and organizing a topic, gathering data and getting started. H195A is not prerequisite to H195B. (F,SP) Staff

H195B.  Senior Honors Thesis. (1-3)   Hours to be arranged. Prerequisites: Senior honors candidates only (students with major GPA of 3.50 or better or permission of undergraduate adviser). Writing a thesis under the supervision of a faculty member. Applications and details through the departmental undergraduate office. H195A is not prerequisite to H195B. (F,SP) Staff

196.  Special Topics in Economics. (1-4)   Course may be repeated for credit. One to four hours of lecture per week. Prerequisites: Upper division standing or consent of instructor. Study in various fields of economics. Topics will vary from semester to semester and will be announced at the beginning of each semester. (F,SP) Staff

197.  Field Studies. (1-4)   Course may be repeated for credit. Hours to be arranged. Must be taken on a passed/not passed basis. Prerequisites: Upper-division standing. Written proposal must be approved by Department Chair. Supervised field studies in economics. Projects may be initiated by the students. (F,SP) Staff

198.  Directed Group Study. (1-4)   Course may be repeated for credit. Enrollment is restricted; see the Introduction to Courses and Curricula section of this catalog. Hours to be arranged. Must be taken on a passed/not passed basis. Prerequisites: Upper-division standing and consent of instructor. Written proposal must be approved by Department Chair. Seminars for the group study of selected topics, which will vary from year to year. Topics may be initiated by students. Staff

199.  Supervised Independent Study and Research. (1-4)   Enrollment is restricted; see the Introduction to Courses and Curricula section of this catalog. Hours to be arranged. Must be taken on a passed/not passed basis. Prerequisites: Upper-division standing. Written proposal must be approved by Department Chair. Enrollment is restricted. (F,SP) Staff

Graduate Courses

201A.  Economic Theory. (4)   Three hours of lecture and two hours of discussion per week. Prerequisites: 101A-101B, 204, Mathematics 53 and 54; or equivalent. Basic preparation for the Ph.D. program including theory of the firm and the consumer, game theory. (F,SP) Staff

201B.  Economic Theory. (4)   Three hours of lecture and two hours of discussion per week. Prerequisites: 101A-101B, 201A, 204, Mathematics 53 and 54; or equivalent. Basic preparation for the Ph.D. program including agency theory and mechanism design, general equilibrium theory. (F,SP) Staff

202A-202B.  Macroeconomic Theory. (4;4)   Three hours of lecture and two hours of discussion per week. Prerequisites: 100A-100B or 101A-101B or equivalent. Mathematics 53 and 54 or equivalent. Basic preparation for the Ph.D. program including aggregation theory, national accounting and index problems, survey of major short-term models, implications of various expectations hypotheses, wage price determination, the role of money and financial assets, theories of consumption and investment, disequilibrium theory, dynamic systems, and international considerations. Staff

204.  Mathematical Tools for Economics. (3)   Two hours of lecture and one hour of discussion per week. Prerequisites: Mathematics 53 and 54 or equivalent and consent of instructor. The course provides a rigorous abstract treatment of the elements of real analysis and linear algebra central to current research in economics. The course develops in the students the ability to read mathematical proofs and to compose simple proofs on their own. (F,SP) Staff

206.  Mechanism Design and Agency Theory. (3)   Two hours of lecture per week. Prerequisites: 201B and 209A or consent of instructor. Formerly 209B. This course will study the optimal design of mechanisms in the presence of incomplete information and imperfect observability. The course will begin with the "classic" principal-agent problem and will then develop its applications to the "implicit contracts" theory of agency and to the choice of government policies for regulated industries. The second half of the course will treat the design of auctions, regulation with costly or imperfect monitoring, mechanism design with limited contracts. Staff

207A-207B.  Mathematical Economics. (3;3)   Two hours of lecture per week. Twelve hours per week including class time and preparation. Prerequisites: Math 104 and 110 and Statistics 101. Mathematical analysis of economic theory. The problems treated involve as wide a range of mathematical techniques and of economic topics as possible, including theories of preference, utility, demand, personal probability, games and general equilibrium. Also listed as IDS 213A-213B and Math 213A-213B. Staff

208.  Microeconomic Theory Seminar. (3)   Course may be repeated for credit. Two hours of seminar per week. Prerequisites: Consent of instructor. Staff

209A.  Theory and Application of Non-Cooperative Games. (3)   Two hours of lecture per week. Prerequisites: Consent of instructor. This course will study both pure game theory and its application to such problems as oligopoly pricing, non-cooperative bargaining, predatory pricing, and optimal auctions. The focus will be on game theory as a modelling process as opposed to a body of known results. Staff

209B.  Theory and Application of Non-Cooperative Games: II. (3)   Two hours of lecture per week. Prerequisites: 209A or consent of instructor. The course will cover basic topics not covered in 209A; will provide a more thorough treatment of topics covered in 209A; will cover a selection of advanced topics. Staff

210A.  Introduction to Economic History. (3)   Two hours of lecture per week. Survey of some central themes in world economic history. Required of all Ph.D. candidates in economics. Staff

210B.  Topics in European Economic History. (3)   Two hours of lecture per week. Prerequisites: 210A. A survey of some central themes in European economic history. Staff

210C.  Topics in American Economic History. (3)   Two hours of lecture per week. Prerequisites: 210A. A survey of some central themes in American economic history. Staff

211.  Seminar in Economic History. (3)   Course may be repeated for credit. Two hours of seminar per week. Prerequisites: Consent of instructor. Staff

215A-215B.  Political Economics. (3;3)   Two hours of lecture per week. Prerequisites: 215A is a prerequisite to 215B. Tools of political economics: preferences and institutions, electoral competition, agency, partisan politics. Redistributive politics: general interest politics, special interest politics. Comparative politics: electoral rules, separation of powers, political regimes. Dynamic politics: fiscal policy, growth. (F,SP) Roland

C215A.  Political Economics. (3)   Two hours of lecture per week. Tools of political economics: preferences and institutions, electoral competition, agency, partisan politics. Redistributive politics: general interest politics, special interest politics. Comparative politics: electoral rules, separation of powers, political regimes. Dynamic politics: fiscal policy, growth. Also listed as Political Science C237A. (F,SP) Staff

C215B.  Political Economics. (3)   Two hours of lecture per week. Prerequisites: Economics C215A is a prerequisite to Economics C215B, and Political Science C237A is a prerequisite to Political Science C237B. Tools of political economics: preferences and institutions, electoral competition, agency, partisan politics. Redistributive politics: general interest politics, special interest politics. Comparative politics: electoral rules, separation of powers, political regimes. Dynamic politics: fiscal policy, growth. Also listed as Political Science C237B. (F,SP) Staff

216.  Seminar in Political Economy. (3)   Course may be repeated for credit. Two hours of seminar per week. Prerequisites: Consent of instructor. Staff

217.  Risk Seminar. (3)   Course may be repeated for credit. Students will receive no credit for Economics 217 after completing Statistics 278B. Two hours of seminar per week. Must be taken on a satisfactory/unsatisfactory basis. Prerequisites: Consent of instructor. Graduate standing. This interdisciplinary seminar features seminar participants and guest speakers from academic institutions and financial services firms, presenting work on the analysis and management of risk in financial markets. Economics, statistics, finance, operations research, and other disciplines will be represented. (F,SP) Goldberg, Anderson

218.  Seminar in Psychology and Economics. (3)   Two hours of seminar per week. A graduate seminar in the field of behavioral economics. (F,SP) Della Vigna, Koszegi, Rabin

219A.  Foundations of Psychology and Economics. (3)   Two hours of lecture per week. Prerequisites: 201A-201B or consent of instructor. This course presents psychological and experimental economics research demonstrating departures from perfect rationality, self-interest, and other classical assumptions of economics and explores ways that these departures can be mathematically modeled and incorporated into mainstream positive and normative economics. The course will focus on the behavioral evidence itself, especially on specific formal assumptions that capture the findings in a way that can be used by economists. Economic applications will be used for illustrative purposes, but the course will emphasize formal theory. (F,SP) Staff

219B.  Applications of Psychology and Economics. (3)   Two hours of lecture per week. Prerequisites: 219A, 240A-240B or consent of instructor. This course will build off of the material presented in 219A. It will expand on the psychological and experimental economic research presented there, but will emphasize a range of economic applications and especially empirical research. (F,SP) Staff

219D.  Experimental Economics. (3)   Two hours of lecture per week. Prerequisites: 219A or consent of instructor. This course will introduce students to the methods and findings of experimental economics. (F,SP) Staff

220A.  Industrial Organization. (3)   Two hours of lecture per week. Prerequisites: 201A. Market structure, conduct and performance in the unregulated sector of the American economy. Public policies related to the promotion or restriction of competition. Staff

220B.  Industrial Organization. (3)   Two hours of lecture per week. Prerequisites: 220A. Continuation of 220A. The characteristics of regulated industries and the consequences of regulation for economic performance. Staff

220C.  Special Topics in Industrial Organization. (3)   Two hours of lecture per week. Prerequisites: 220A. See course announcement for current topics. Staff

221.  Seminar in Industrial Organization: Regulation and Public Enterprise. (3)   Course may be repeated for credit. Two hours of seminar per week. Prerequisites: Consent of instructor. Staff

C222.  Economics of Innovation. (3)   Course may be repeated for credit. Students will receive no credit for C222 after taking 222. Three hours of lecture per week. Study of innovation, technical change, and intellectual property, including the industrial organization and performance of high-technology industries and firms; the use of economic, patent, and other bibliometric data for the analysis of technical change; legal and economic issues of intellectual property rights; science and technology policy; and the contributions of innovation and diffusion to economic growth. Methods of analysis are both theoretical and empirical, econometric and case study. Also listed as Ph.D. in Business Administration C279I. (F,SP) Staff

224.  Economics of Institutions. (3)   Two hours of lecture per week. This course develops the proposition that institutions have pervasive ramifications for understanding economic organization. A comparative institutional approach is employed whereby the transaction is made the basic unit of analysis and alternative modes of organization are assessed with respect to their comparative contracting properties. Staff

C225.  Workshop in Institutional Analysis. (2)   Students will receive no credit for C225 after taking 225. Two hours of lecture per week. Must be taken on a satisfactory/unsatisfactory basis. This seminar features current research of faculty, from UC Berkeley and elsewhere, and of advanced doctoral students who are investigating the efficacy of economic and non-economic forms of organization. An interdisciplinary perspective--combining aspects of law, economics, and organization--is maintained. Markets, hierarchies, hybrids, bureaus, and the supporting institutions of law and politics all come under scrutiny. The aspiration is to progressively build toward a new science of organization. Also listed as Ph.D. in Business Administration C270. (F,SP) Staff

230A.  Public Economics. (3)   Two hours of lecture per week. The economic and policy analysis of government expenditures, taxes, and intergovernmental fiscal relations. 230A is not a prerequisite for 230B. Staff

230B.  Public Economics. (3)   Two hours of lecture per week. Government intervention changes opportunities and incentives for firms, families, individuals, service providers, and state and local government. This course considers the incentive effects of government expenditure programs. The primary emphasis will be in the examination of the effect of social expenditure programs on individuals and families. Most of the papers will be empirical. The course will not contain an explicit section on methodology and econometric techniques; instead, relevant econometric techniques (e.g., discrete choice, duration analysis) will be discussed in the context of the empirical literature. (F,SP) Staff

230C.  Public Sector Microeconomics. (3)   Two hours of lecture per week. The economic and policy analysis of government expenditures, taxes, and intergovernmental fiscal relations. Staff

231.  Seminar in Public Sector Economics. (3)   Course may be repeated for credit. Two hours of seminar per week. Prerequisites: Consent of instructor. Staff

234A.  Macroeconomic Finance. (3)   Three hours of lecture per week. Formerly 236D. Introduction to macroeconomic finance. Course covers static portfolio choice, capital asset pricing model (CAPM), consumption based models, dynamic equilibrium asset pricing theories, and current issues in behavioral finance. Strong emphasis on household finance and risk-sharing. Course is both theoretical and empirical. (F,SP) Staff

234C.  Financial Decision-Making in Firms. (3)   Three hours of lecture per week. Prerequisites: 240A-240B or equivalent. This course provides a theoretical and empirical treatment of the core topics in corporate finance including internal corporate investment; external corporate investment (mergers and acquisitions); capital structure and financial contracting; bankruptcy; corporate governance. (F,SP) Staff

235.  Financial Economics Seminar. (3)   Course may be repeated for credit. Two hours of seminar per week. This course presents speakers who work on the boundary of economics and finance, on topics including asset pricing, behavioral finance, and corporate finance. (F,SP) Staff

236A-236B.  Aggregate Economics. (3;3)   Two hours of lecture per week. Prerequisites: For 236A: 201A-201B and 202A-202B. For 236B: 236A. Macroeconomic models; theory and practice of aggregate economics; rational expectations models; finance theory integrated with macro. Staff

237.  Seminar in Advanced Macroeconomics and Money. (3)   Course may be repeated for credit. Two hours of seminar per week. Prerequisites: Consent of instructor. Staff

240A.  Econometrics. (5)   Four hours of lecture and two hours of discussion per week. Prerequisites: 100A or 101A or equivalent; 100B or 101B or equivalent; Mathematics 53 and 54, or equivalent; Statistics 131A or equivalent. Formerly 240. Basic preparation for the Ph.D. program including probability and statistical theory and the classical linear regression model. Staff

240B.  Econometrics. (4)   Three hours of lecture and two hours of discussion per week. Prerequisites: 240A or equivalent. Basic preparation for the Ph.D. program including generalized least squares; instrumental variables estimation; generalized method of moments; time series analysis; and nonlinear models. (F,SP) Staff

241A.  Econometrics. (4)   Three hours of lecture per week. Prerequisites: Statistics 200A-200B or equivalent and a course in linear algebra. Recommended: Math 112. Intended for students specializing in econometrics and others with strong mathematical backgrounds. Linear and nonlinear statistical models and their applications in economics. Special problems in analyzing data from non-controlled experiments. (SP) Staff

241B.  Econometrics. (4)   Three hours of lecture per week. Prerequisites: 241A. Simultaneous equations and time-series models. Staff

242.  Seminar in Econometrics. (3)   Course may be repeated for credit. Two hours of seminar per week. Prerequisites: 240A-240B. Staff

244.  Applied Econometrics. (3)   Three hours of lecture per week. Prerequisites: 240A-240B. Methods of applied econometrics, with emphasis on alternative modelling strategies and problems met in practice. Intended for doctoral students conducting empirical research. Staff

250A-250B.  Labor Economics. (3;3)   Two hours of lecture per week. Prerequisites: 250A is prerequisite to 250B. Consent of instructor. Analysis of labor market behavior. Staff

250C.  Labor Economics. (3)   Two hours of lecture per week. Prerequisites: 250B. Analysis of labor market behavior. Staff

251.  Seminar in Labor Economics. (3)   Course may be repeated for credit. Two hours of seminar per week. Prerequisites: Consent of instructor. Seminar for students at the doctoral dissertation level. Staff

260A.  Comparative Economics. (3)   Two hours of lecture per week. Prerequisites: 260A is prerequisite to 260B. New issues raised by transition for economics. Political economy of reform: speed, sequencing, reform design, political economy of privatization. Allocative changes: speed of sectoral reallocation, price liberalization, output fall and macroeconomic dynamics, law enforcement, dynamics of institutional change. (F,SP) Roland

C270A.  Microeconomics of Development. (3)   Three hours of lecture per week. Prerequisites: Graduate standing. Theoretical and empirical analyses of poverty and inequality, household and community behavior, and contract and institutions in the context of developing countries. Also listed as Agricultural and Resource Economics C251. (F)

270B.  Development Economics. (3)   Three hours of lecture per week. Problems of underdevelopment and poverty, policy issues and development strategies. (F,SP) Staff

270C.  Development Economics. (3)   Two hours of lecture per week. Basic macro-policy planning with investment project analysis. Staff

271.  Seminar in Economic Development and Planning. (3)   Course may be repeated for credit. Two hours of seminar per week. Prerequisites: Consent of instructor. Staff

274.  Global Poverty and Impact Evaluation. (4)   Three hours of lecture and one hour of discussion per week. Prerequisites: At least one prior term of intermediate economics (i.e., 100A or 100B) and some prior coursework in statistics. Rather than simply describing the causes and symptoms of global poverty, this course will explore the variety of tools available for rigorously measuring the impact of development programs. Through weekly case studies of field research, the course will cover impact evaluation theory and methods. The course will culminate with a final project in which each student will design an impact evaluation of a policy or intervention. (SP) Miguel

C275A.  Economic Demography. (3)   Two hours of lecture per week. Economic consequences of demographic change in developing and developed countries including capital formation, labor markets, and intergenerational transfers. Economic determinants of fertility, mortality and migration. Also listed as Demography C275A. (F,SP) Lee

280A.  International Economics. (3)   Two hours of lecture per week. The world economy as a general equilibrium system. The theory of international economics, trade policy. Staff

280B.  International Economics. (3)   Two hours of lecture per week. Prerequisites: 280A is not prerequisite to 280B. This course develops basic theoretical models for studying issues in open-economy macroeconomics. The current account and the trade balance, international capital market integration, developing country debt problems, the real exchange rate, fiscal policy in the open economy, and international policy coordination. Staff

280C.  International Economics. (3)   Two hours of lecture per week. Prerequisites: 280B. This course is an empirical treatment of open-economy macroeconomics and finance. Topics include trade elasticities, the determination of the trade balance and income under fixed and floating exchange rates, purchasing power parity, devaluation in small open economies, quantifying the degree of international capital mobility, implications for the effectiveness of monetary and fiscal policy, international interdependence and coordination, models of exchange rate determination. (SP) Staff

281.  Seminar in International Trade and Finance. (3)   Course may be repeated for credit. Two hours of seminar per week. Staff

291.  Departmental Seminar. (1)   One and one-half hours of seminar every other week. Must be taken on a satisfactory/unsatisfactory basis. Prerequisites: 201B, 202B. A general interest seminar featuring speakers and topics of broad interest whose work will be important for all areas of economics. (F,SP) Staff

295.  Survey of Research in Economics. (1)   Two hours of seminar per week. Must be taken on a passed/not passed basis. Presentations by departmental faculty of new research directions in different subfields of economics. Staff

296.  Special Topics in Economics. (3)   Two hours of lecture per week. Prerequisites: Consent of instructor. Topics of different sections to be announced annually. Staff

298.  Directed Group Study for Graduates. (1-4)   Hours to be arranged. Must be taken on a satisfactory/unsatisfactory basis. Prerequisites: Consent of instructor. Seminars for the group of selected topics, which will vary from year to year. Staff

299.  Supervised Independent Study and Research. (1-12)   Course may be repeated for credit. Must be taken on a satisfactory/unsatisfactory basis. Open to candidates for the Ph.D. degree who have passed the qualifying examination and who are engaged in research for the thesis, and in special cases, with consent of the instructor in charge, to graduate students who desire to do special work in a particular field. (F,SP) Staff

602.  Individual Study for Doctoral Students. (1-8)   Course may be repeated for credit. Course does not satisfy unit or residence requirements for doctoral degree. Must be taken on a satisfactory/unsatisfactory basis. Individual study in consultation with the major field advisor, intended to provide an opportunity for qualified graduate students to prepare themselves for the various examinations required of candidates for the Ph.D. A student will be permitted to accumulate a maximum of 16 units of 602. Staff

Professional Courses

301.  GSI Practicum. (4)   Course may be repeated for credit. Two hours of seminar per week. Must be taken on a satisfactory/unsatisfactory basis. Prerequisites: Appointment as graduate student instructor in department, consent of graduate advisor. Course credit for experience gained in academic teaching through employment as a graduate student instructor. Olney

375.  GSI Practicum. (4)   Course may be repeated for credit. Two hours of seminar per week. Must be taken on a satisfactory/unsatisfactory basis. Prerequisites: Appointment as graduate student instructor in department, consent of graduate advisor. Course credit for experience gained in academic teaching through employment as a graduate student instructor. Olney

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