Most of the economic courses at postgraduate level provide specializations in business economics, international economics, monetary economics, urban and economic affairs and quantitative economics. Students can also opt for distance courses in economics. A person dealing in the field of economics is known as an economist.
The scope of the economics course is at a global level because of the ever increasing role of economics that is being understood by nations and organizations. The career has widened tremendously in the last twenty years due to globalization and rapid economic development.
The Economics Department seeks to provide students with a series of advanced seminar courses in each of seven broad fields in the discipline; this is a course in the field of applied microeconomics. Consumers, Firms, Utility Maximization, Profit Function, Equilibrium, Firm Distribution.
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.
This is an honors course limited to students currently enrolled in the Chancellor's Scholar Program. Credit is not given for ECON 101 if credit has been earned in both ECON 102 and ECON 103.
Economics is a social science with stakes in many other fields, including political science, geography, mathematics, sociology, psychology, engineering, law, medicine and business. The central quest of economics is to determine the most logical and effective use of resources to meet private and social goals.
An economics major is a degree option that examines questions related to resource allocation, incentives and wealth, among others. Economics is relevant to graduate and professional study in fields like business management, law and public affairs, as well as undergraduate degrees that are useful for many career paths.
BS is the Bachelor of Science in Economics is a Science track while the Bachelor of Arts in Economics is a Social Sciences track. In the BA track, you're likely to study more theoretical concepts and history of the economy, with a broad overview of the financial world.
High School Core Courses Social science: Three to four years (history, sociology, psychology, political science, geography, economics) Science: Normally three years (earth science, biology, chemistry, physics)
The applications were recently approved and Economics is now designated as a science, technology, engineering and mathematics (STEM) discipline.
This entire page attempts to cover the List of Schools that offer Economics under the Faculty of Social & Management Sciences in Nigeria. - and other information you require to successfully gain admission to study Economics.
The Department of Economics offers both a Bachelor of Arts and a Bachelor of Science. The two majors differ in admission requirements and in graduation requirements.
According to the University of Albany, the B.A. is the program of choice for most economics students as it provides “good background for students who plan to begin jobs and careers immediately after graduation." In addition to core economics courses, your specific university may have language requirements or minor ...
Economics, like other liberal arts majors, is designed to provide students with general liberal arts skills. The economics major provides students with broad insights into how the economy works. It makes no attempt to teach students the specific skills and knowledge needed in business or finance.
In high schools, a core course of study will typically include specified classes in the four “core” subject areas—English language arts, math, science, and social studies—during each of the four standard years of high school.
The Senate draft of the rewritten No Child Left Behind Act adds writing, music, computer science, technology, and physical education to the list of disciplines it defines as “core academic subjects.”
Basic core classes are the classes required of all college students, regardless of their major. Some areas of discipline in the core curriculum include writing, math, science, history or a seminar course. There are also required core classes for respective majors.
According to Cossa, science and art are complementary to each other. Hence, economics is considered as both a science as well as an art.
Economics is a social science focused on the economy and economic activities. Students majoring in economics study economic systems and how individuals and organizations produce and exchange goods.
An economics degree gives you a high level of mathematical and statistical skills and the ability to apply economic principles and models to problems in business, finance and the public sector.
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.
We will use both economic theory and empirical evidence to study the varying impacts and incentives created by public policies. An emphasis will be placed on the application of economic tools to policy questions. The course will provide an overview of key research in several policy areas, including inequality and opportunity, the social safety net, education, criminal justice, tax policy, climate change and the environment, health care, and structural barriers to racial equity. The course will also provide an introduction to empirical techniques common in economics and policy analysis, including regression, cost-benefit analysis, and causal inference.
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.
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.
A survey of economics designed to give an overview of the field.
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.
This course reviews the link between financial systems, monetary policy, and the macro economy, with an emphasis on the role that financial markets and institutions play in the domestic and global business environment. Contemporary policy issues are considered and we study how monetary policy actions affect financial markets and institutions. Students will engage in empirical applications using actual data and simulation exercises. Prerequisite: ECON 5336.
An examination of the development of laws and policies that concern the environment followed by an application of economic analysis for environmental issues such as water use, air pollution, land controls, public lands, and global environmentalism. Other topics include: property rights, theories of regulation, and enviropreneurship. Participants will produce and present a case study on an environmental economic subject of interest. Prerequisite: ECON 5311 or equivalent.
Building on ECON 3317, students learn how to answer questions with data via regression analysis by exploring the connections between observed economic data and their underlying populations . Various computer programs are used to both perform analysis and present results in a clear, concise and visually appealing way. Emphasis is placed on applications and hands-on data analysis. Prerequisite: ECON 3317.
Examines various economic reasons that may justify government involvement in the economy with particular focus on the problems inherent in government intervention. It considers topics such as the efficiency and fairness of alternative taxing systems, the growth and effects of government debt, and public choice (how spending and taxing decisions are made). It analyzes various government programs such as Social Security, health care, expenditure programs for the poor, etc. Prerequisite: ECON 2306.
Study of contemporary macroeconomic theory and applications, including stylized facts of macroeconomics, the general framework for macroeconomic analysis, the analysis of modern macroeconomic models, and the long-run economic growth. Prerequisite: ECON 3312.
Economic analysis of criminal activity and its impact on the allocation of scarce resources; economic models of criminal behavior, optimum allocation of criminal justice resources, public and private sector approaches to deterrence, and current issues such as gun control and drug abuse prevention. Prerequisite: ECON 2306.
The interaction between government and business is broad. Effective business leadership requires the ability to analyze and respond to public policy. Economics provides a framework for understanding the incentives of consumers, businesses, bureaucrats, and civil servants in different policy environments and predicting their behavior in response to policy changes. This course focuses primarily on tax policy at the federal, state and local levels, including issues in corporate taxation, personal income tax, treatment of capital gains and loses, tax incidence, work-leisure choices, fiscal competition among state and local governments, capital flight, and fiscal federalism. Prerequisite: Graduate Standing.
Continuation of ECON 202. Builds upon point and interval estimation as well as hypothesis testing skills first introduced in ECON 202. Utilizes a practical project format to extend the student skill set to include simple and multiple linear regression and time series techniques. Students will: Understand the relevance of statistics in their future course-work and professions; Be trained to identify the proper statistical technique to apply to a problem; Be adept at finding the answers to statistical queries using excel; Be able to properly interpret the results of their analysis. Students must have completed a course on probability and statistical analysis before taking ECON 203. The best course to meet this requirement is ECON 202 at the University of Illinois. Prerequisite: ECON 202; one of MATH 220, MATH 221, or MATH 234.
May not be repeated for credit. Prerequisite: ECON 533 and ECON 534, or consent of instructor.
Microeconomic analysis of political decision making processes. Includes social choice, models of political competition, game-theoretic analysis of political institutions and lobbying. Same as PS 548. Prerequisite: ECON 530 or equivalent, or instructor's consent.
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. Same as LER 540. Prerequisite: ECON 302 and ECON 303.
The specific format varies, but in general workshop sessions include presentations by graduate students of thesis research, by faculty members of their current research, and by occasional outside speakers. Approved for S/U grading only. May be repeated. A minimum of 4 hours of ECON 598 is required of all students in the Ph.D. program. Prerequisite: Admission to the Department of Economics Ph.D. program.
The modern theory of the determination of the level and rate of growth of income, employment, output, and the price level ; discusses alternate fiscal and monetary policies to facilitate full employment and economic growth. Prerequisite: ECON 102; ECON 103; and one of MATH 220, MATH 221, MATH 234.
The first half of course, international trade, covers such topics as comparative advantage, protectionism (tariff and nontariff), impact on income distribution, and industrial policies.
Topics include probability distributions, expectations, estimation, hypothesis testing, correlation, and simple regression. Students who have completed ECON 306 may not schedule this course.
Energy economics studies topics related to the supply, energy markets, and environmental impacts of energy use.
Economics is the study of how people satisfy their wants in the face of limited resources. One way to think about economics is that it is a consistent set of methods and tools that is valuable in analyzing certain types of problems related to decision--making, resource allocation, and the production and distribution of goods and services. There are two main branches of economics, microeconomics, and macroeconomics. Macroeconomics is concerned with economy--wide factors such as inflation, unemployment, and overall economic growth. Microeconomics deals with the behavior of individual households and firms and how government influences that behavior; it is the subject of this course. More specifically, ECON 102 is an introduction to microeconomic analysis and policy. The principal objective of the course is to enable students to analyze major microeconomic issues clearly and critically. Students will be introduced to the methods and tools of economic analysis, and these analytical tools will be applied to questions of current policy interest. Learning these methods and tools and applying them to interesting policy questions and issues is sometimes called "thinking like an economist." An important goal of this course is to take each student as far down the road of "thinking like an economist" as possible. A variety of mechanisms are used to assess student performance. These evaluation methods typically include exams, quizzes, homework assignments, and group projects. ECON 102 is an introductory course in economics and as such, serves as a prerequisite for several microeconomics--oriented 300--level courses. It is also a required course for all majors and minors in economics, and meets requirements for a General Education (GS) or Bachelor of Arts social science course. Students who have completed ECON 302 may not enroll in this course.
ECON 302H Intermediate Microeconomic Analysis (Honors) (3) (GS) (BA) This course is the honors version of ECON302 and meets the Bachelor of Arts degree requirements. There are two branches within the discipline of economics: microeconomics, focused on the behavior of individual economic actors (consumers, firms, and government) and macroeconomics, focused on economic aggregates (e.g., inflation, unemployment, aggregate economic growth). There are four core courses in economics that are required of all majors and minors: introductory and intermediate courses in microeconomics and macroeconomics. This course is the upper-level core course in microeconomic analysis. Students will learn, at a deeper level than that covered in the beginning microeconomics course ( ECON 102 ), and with extensive use of calculus, about supply and demand, consumer theory, the theory of the firm, market structure and market power, factor markets, and extensions to consider uncertainty, missing markets, and limited information. Students will develop their skills for analysis of microeconomic issues. The skills learned in this course are necessary for a student to succeed in advanced courses. As such, this course is a prerequisite for a large number of microeconomics-oriented courses at the 400 level. This honors version of intermediate microeconomics is designed to provide the opportunity for students with advanced knowledge to pursue this key course at a more rigorous and in-depth level.
The broad course objectives are 1) to familiarize students with the deficiencies of real-world data and 2) teach students how to address those deficiencies. Specific topics addressed include the reliability of data sources, the ambiguity in variable definitions, the miscoding of variables, and missing data. In addition, truncation and censoring from the data collection methodologies are examined. The econometric methods of linear regressions and instrumental variables are used to analyze the results of a model with and without the data errors. The results are studied to predict how the missing data can alter model outcomes and policy choices. Several economic data sets are examined to illustrate the concepts. Specific examples of datasets include microeconomic data such as industry growth and profits, elasticity and revenue estimates from pricing choices, output of homogenous goods such as gold and oil, consumer subscription rates to services such as cell phone and internet service and discount memberships, and the efficacy of new drugs in tests. Macroeconomic data topics include discussions regarding unemployment and job data forecasts and how this can relate to future monetary and fiscal policy. Other topics discussed include sample bias and low response rates to surveys, in which the numerical values of dataset itself were not manipulated, but gathered from samples which will give an inaccurate result. These issues can affect polling and predictions in elections. This course is an applied course in the field of econometrics and will seek to provide students with the analytical methods for understanding the economic content of data. The instructional and educational objectives are to expose students to the practical details of analyzing economic data in the context of an advanced seminar. The course will count toward both the major and minor in economics.
Topics in behavioral economics; selected games; evolutionary models of social behavior; culture and social behavior; herding; overconfidence. ECON 411W Behavioral Economics (3)Behavioral economics examines recent evidence from experiments that seems to violate the hypotheses of economic rationality in traditional microeconomic theory. The course considers, among others, the following three topics: (1) Altruism in human behavior, as demonstrated, for example, in public goods experiments where people typically contribute some positive amount, even with the individually optimal strategy being to contribute nothing. (2) The prevalence of co-operative behavior in societies, which seems essential to their functioning, but which is hard (but not impossible) to explain on the basis of the actions of purely self-interested individuals. (3) Fairness in distribution: for example, people do not try to extract everything that their partners or opponents can give even when they are in a position of power (as in being the proposer of a take-it-or-leave-it offer). Students play some well-known games with each other to generate examples of their own behavior in multi-person interaction contexts; the results of the games are analyzed to detect regularities in the observed behavior; and the class discusses possible explanations drawn from economics, evolutionary biology and psychology as to why people (specifically the students) played the way they did in these games. Overall, then, students will learn about various aspects of behavioral economics, including several games and evolutionary models of social behavior, and how these aspects square with conventional economic theory. Students will develop the skill of analyzing behavior from a behavioral economics perspective. This course is a 400-level seminar, part of the Economics Department's offerings, many of them writing-intensive, for our advanced students in each of seven broad areas of economics. This writing-intensive seminar is in the area of microeconomic theory. The course will count toward both the major and the minor in economics.
ECON 323, Public Finance (3) (GS) (BA). This course examines contemporary fiscal institutions in the United States, public expenditures, public revenues, and the incidence of major taxes such as the personal income tax, the corporate income tax, and consumption taxes. We also discuss intergovernmental fiscal relations in a federal system of government, and public debt (or deficit financing). We explore the economic rationale for, the current data, and status of the political debate on these topics and others as time permits. Some of the key topics discussed in the lectures include externalities and solutions to market failure associated with them, efficient provision of public goods, and cost-benefit analysis as a nonmarket way to allocate scarce resources. We also devote a substantial amount of time to the market for health care and the role of government in the provision of health care in the United States. In addition to government¿s role in health care, we spend a great deal of time on other major federal government spending programs including social security and a number of spending programs targeted at low income citizens. The later includes the Temporary Assistance for Needy Families (TANF) and the Supplemental Nutrition Assistance Program (SNAP). Here, students are expected to critically analyze the major effects of these programs on poverty as well as incentives to work. On the revenue side of public finances, we focus on both the redistributive and efficiency effects of taxation. We discuss the statutory and economic incidence of consumption taxes, the personal income tax, and the corporate income tax. The last part of the course includes two major topics deficit financing and intergovernmental fiscal relations. In the deficit-financing chapter, we focus on the federal government debt. Students learn about the different measures of public debt, which include gross national debt, intergovernmental debt, and debt held by the public. Under intergovernmental fiscal relations, we discuss the delineation of spending responsibilities between the federal and state governments. We also discuss major funding sources for states and local governments in the United States.
Macroeconomics aspects of labor economics; how the labor sector of the economy and the economy's overall performance are interrelated; analysis of the general level of wages, employment, unemployment, business cycles, and inflation.
Prerequisites: Open only to CoB Honors Academy students in good standing or by permission. Sophomore standing; MATH 104 or MATH 106 or MATH 108H; BSAD 50; 2.5 GPA
Credit toward the degree cannot be earned in both ECON 210, and in ECON 211 or ECON 211H and/or ECON 212 or ECON 212H.
Letter grade only. Credit towards the degree cannot be earned in both ECON 200 and ECON 211 and/or ECON 212. This course fulfills the economics requirement for the Minor in Business Administration for non-CoB students and cannot be applied to any other degree program.
Students taking ECON 210 cannot earn credit for ECON 211 and ECON 212.