Focus is on topics within health and education, although papers may cover other topics. Typical problems of this field involve optimization, emulation, or probabilistic estimation. The Department of Economics does not give AP credit for ECON 101 or ECON 102. Utilizes a practical project format. Covers probability theory, set theory, asymptotic theory, estimation and hypothesis testing. 2021-22 Edition . ECON 402, completed with a grade of C or better. Introduces students to the tools for modeling and solving problems with strategic interaction. 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. This combination is a powerful recommendation to a prospective employer that the student can think quantitatively about information; collect, manage, analyze, and visualize massive datasets; and that the student has both the computational tools and the rigorous analytical methods to reason about information. ECON426 Monetary Economics and Policy credit: 3 or 4 Hours. MATH 120 may not be substituted for MATH 115. Writing proposals MSPE Graduate Student Standing. ECON203 is recommended. 03 - Long-run energy demand lecture slides, 07 - Empirical evidence on Hotelling slides, 01 - Introduction to course lecture slides, Rosecolette Dissertation Writing UK Task.docx, Corporate Social Responsibility Campaigns..doc, The site producers have prioritized key portions of the site to translate based, review of related literature(lovely).docx, 4 They must all work together but also be able to support each other if needed 5, Copy of Worksheet _On the Sidewalk, bleeding_.pdf, Question 22 In South Africa excise duty is levied on a income and wealth b, 8B ModelUnitedNationsSimulation - WWIII.docx, 24 Looking at the following sentences can you identify which is a Weakness A, year 1994 1990 015 005 010 000 mean difference in cover of key species 261, ECON 101 - Microeconomics Speaking persuasively ECON553 Demand/Supply/Firms/Households credit: 4 Hours. The senior Honors thesis includes original work completed by the student under the direction of a faculty advisor and the Director of the Honors Program in Economics. MATH 116, 121, 156, 185, 186, 215, 216, 255, 256, 285, 286, 295, or 296 may be substituted for MATH 115. MSPE Graduate Student Standing. Students must complete the prerequisites to the major before declaring and must have a GPA of at least 2.0 in the major. Prerequisite: ECON202; ECON302; MATH220/MATH221 or other Calculus course. Students must complete the prerequisites to the major before declaring and must have a GPA of 2.0 or better in the major. Several mathematical techniques are fundamental to this study: constrained optimization using Lagrange multipliers, n-dimensional calculus, especially the Implicit Function Theorem (dependence of a solution on parameters), dynamics, probability and statistics to deal with inherent uncertainty, game theory to deal with decisions in which the actions of one agent affect the options of others, and proofs for understanding the derivation of economic principles. Application is made and admission is granted to the Honors plan during the first term of the junior year. ECON425 Macroeconomic Policy credit: 3 or 4 Hours. Bank management trainee Includes expected utility theory and non-expected utility theory; applications to individual decision problems in investment and insurance; general equilibrium in markets under uncertainty, including problems generated by asymmetric information; measurement of risk; the value of information obtained before a decision. A minor in economics provides a useful background for students seeking careers in law, business, government, journalism, and teaching. Microeconomics for professional business students. Intermed Micro Thry. Assisting professor and GSI with grading of exams and homework, assuring that all solutions . Use the Atlas Schedule Builder to create your next academic schedule. Topics include linear regressions; modeling and forecasting trends and seasonality; characterizing and forecasting cycles; MA, AR, and ARMA models; forecasting with regressions; evaluating and combining forecasts. An introductory course intended to help students explore the various fields of economics. Research and readings course for students majoring in economics; may be taken by students in the college honors program in partial fulfillment of the honors requirements. Approved for S/U grading only. Prerequisite: ECON302 or consent of instructor. Theory of the organization of markets and firms, behavior of firms, functioning of competitive systems, and performance of markets. Prerequisite: ECON202; ECON302; MATH220/MATH221 or other Calculus course are required. Learn about main features such as course, instructor and major profiles, My Dashboard, and Academic Spotlights. One of: ECON 451 or ECON 453 or STATS 426. Analyzes the urban economy. (586 Documents), ECON 402 - Intermediate Macro 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. Employee compensation is a critical tool for organizations to attract, retain, and motivate its employees. 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). ECON 401 - INTERMEDIATE MICROECONOMIC THEORY, ECON 251 - Basic Introduction to Statistics and Econometrics II, ECON 437 Prerequisite: ECON302 or equivalent. ECON513 International Trade credit: 4 Hours. We recommend upgrading your browser to access full site features. The approach of the class includes both learning the concepts behind basic statistics and also how to apply these concepts in "real-life" situations. Student organizations and campus employment offer valuable opportunities to add to the skills you are developing in your classes. Economic analysis of government tax and expenditure policies; topics include public good and externality theory, public choice theory, income distribution, cost-benefit analysis, principles of taxation, tax incidence, economic effects and optimal structures of major taxes, and taxation in developing economies. - 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. Prerequisite: ECON102 or equivalent; ECON302 or consent of instructor. Analysis of private sector behavior functions, and government policy alternatives. To ensure coverage of these topics, students choosing the Mathematical Economics option will usually choose Math 351 or 451 as their basic analysis course; Math 423, Stat 426, Econ 452, Econ 453, or Econ 454 as courses from the options list; and Econ 401 together with a mathematics course at the 400-level or above as their related courses. Frontier advanced topics in international economics; subject matter varies. Thus, anyone who intends to concentrate in economics, to minor in economics, or to take electives in economics at the 300 or 400 level should enroll in ECON 101 and/or ECON 102. Indeed, several areas of mathematics were developed for the purpose of solving problems in physics. 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. Qualified students are encouraged to consider an Honors major in Economics. Relating theory to practice ECON574 Econometrics I credit: 4 Hours. Considers the specification of models with systems of simultaneous equations; identification problem, distributed lag models, K-class estimators, maximum likelihood estimators, three-stage least-squares, and effects of specification errors. ECON 101 and 102 and MATH 115, each completed with grade at least C. One of the Honors alternatives to MATH 115 may be substituted for MATH 115. 3 undergraduate hours. ECON551 Topics in Development Econ credit: 4 Hours. This class does not satisfy departmental graduation requirements. 3 undergraduate hours. Class Notes: Do not take this class if you have taken ECON 406 before!!! Extensions for open economy models and growth models. The Department of Economics does not give AP credit for ECON 101 or ECON 102. ECON514 International Financial credit: 4 Hours. The undergraduate office is located at 243 Lorch Hall, (734) 763-9242. Theories of economic development and growth. Modern time series analysis techniques for handling economic data which arises in a happenstance fashion through time and their application to specific economic problems. 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. We will apply important economic concepts and models to issues including recruitment, personnel selection, employee training, managing turnover, job design, performance evaluation, and incentive compensation. Degree Name Applying statistical methods May be repeated. Diane Seuss (1978), poet and educator, winner of the 2022 Pulitzer Prize for Poetry. Exploration of economic decisions under uncertainty. 2 or 4 graduate hours. Liability Rules with Negligence Handout WN20.pdf. 3 undergraduate hours. 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. These courses aim to develop deep, foundational understanding of the empirical methods used in economics. Finally, a summer internship may be the best way of all to test out a career field and develop marketable skills. The Regents of the University of Michigan, Powered by the Center for Academic Innovation. This combination is a powerful recommendation to a prospective employer that the student can think quantitatively about information; collect, manage, analyze, and visualize massive datasets; and that the student has both the computational tools and the rigorous analytical methods to reason about information. ECON414 Urban Economics credit: 3 or 4 Hours. ECON 401 (Intermediate Microeconomics) and ECON 402 (Intermediate Macroeconomics), each completed with a grade of at least C-; Statistics. To complete the major program each student should elect two additional advanced courses in Mathematics or a related area. ECON535 Econometric Analysis II credit: 4 Hours.
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