Relating theory to practice Analysis of private sector behavior functions, and government policy alternatives. Prerequisite: ECON302; MATH220/ MATH221 or Calculus I equivalent. An economics plan for the major must include: Ann Arbor campus requirement:Any courses for the major to be taken outside the Ann Arbor campus of the University should be approved in advance by an economics department advisor. Prerequisite: ECON202; ECON302; MATH220/MATH221 are required. 3 undergraduate hours. ECON210 Environmental Economics credit: 3 Hours. The Department of Economics does not give AP credit for ECON 101 or ECON 102. All students intending to major or minor in economics are urged to complete the core requirements in economic theory and in statistics and econometrics before the second term of the junior year. 3 undergraduate hours. 4 graduate hours. After introducing the basic concepts of poverty and inequality - between as well as within countries - this course focuses on the role that migration and population growth play in the process of economic development. Integrates theory, quantitative methods, and policy in the economics major; will involve independent research projects. Prerequisite: ECON202; ECON302; MATH220/221 or other Calculus course are required. Emphasis on macroeconomic theory; principal topics include a review of Keynesian macroeconomic theory, formal growth theory, and selected business cycle theory. Qualified students are encouraged to consider an Honors subplan in Economics. These courses aim to develop deep, foundational understanding of the empirical methods used in economics. Students achieving a 4 or 5 on the AP Microeconomics exam receive 2 credits for ECON 101X, and students achieving a 4 or 5 on the AP Macroeconomics exam receive 2 credits for ECON 102X. ECON 452. An acceptable program must include some of the more difficult courses. ECON 101 and 102 and MATH 115, each completed with a grade of C or better. ECON503 Econometrics credit: 4 Hours. - 3 undergraduate hours. Application of economic theory to topical issues such as pollution, climate change, and the environmental impacts of overpopulation. Programs of Study. Utilizes a practical project format. The second half, international finance, covers topics such as balance of payments, exchange-rate determination, currency crises, dollarization, and macroeconomic policy in an open economy. (586 Documents), ECON 402 - Intermediate Macro 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. The standards for admission are a cumulative grade point average of at least 3.5 and evidence of outstanding ability in economics. Category 2. 4 graduate hours. 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. 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. Students in this program may choose to pursue a dual major inData Science. Honors majors are given priority in election of one section of ECON 495 (Seminar in Economics). 4 graduate hours. May emphasize current issues in developed economies or in emerging market economies. Builds upon point and interval estimation as well as hypothesis testing skills first introduced in ECON202. Students will be auto-enrolled in section 001 when they elect sections 002-003. ECON302 is recommended; Prior exposure to financial markets is also encouraged. Menu Contact Us; Maps & Directions; Policies; Student Admissions Jobs; Volunteer; Social. 3 undergraduate hours. Indeed, in many cases mathematical approaches can answer questions that cannot be addressed by other means, and thus mathematics is often an indispensable tool for biological research. Students interested in advanced economics are strongly encouraged to continue the study of mathematics beyond MATH 115. ECON442 Women in the Economy credit: 3 Hours. 4 graduate hours. We recommend upgrading your browser to access full site features. ECON576 Time Series credit: 4 Hours. Study Resources. This sequence will be especially useful to students intending to apply to doctoral programs in economics or finance. Focus is on topics within health and education, although papers may cover other topics. Covers instrumental variable estimation, simultaneous equation models, non-linear models, discrete choice models and quantile regression methods. No professional credit. (173 Documents), ECON 409 - Game Theory ECON598 Workshop and Research Seminar credit: 2 Hours. 734-763-9242www.lsa.umich.edu/econ/undergraduatestudy, Newnan Advising Center Credit is not given for both ECON500 and ECON528. Approved for both letter and S/U grading. About Us. Advanced placement credits in MATH 121 may be substituted for MATH 115. Because the emphasis is on the analysis and operation of systems, practitioners are also qualified to deal with managerial problems. Economics Undergraduate Office. Class Notes: Do not take this class if you have taken ECON 406 before!!! 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. See ACE510. Control Systems is a fascinating field which draws upon knowledge in many areas of mathematics. Econ 485 syllabus SU20.pdf. Prerequisites: ECON 101 and 102 and MATH 115, each completed with a grade of C or better. Some of the options have additional requirements as noted below. Students with a serious interest in economic research should elect the advanced sequence, ECON 453 and 454. ECON440 Economics of Labor Markets credit: 2 to 4 Hours. The required performance of the system will then be ascertained from the intended use and translated into a set of mathematical specifications for a closed-loop system. Overview of modern, quantitative, statistical and econometric methods for forecasting and evaluating forecasts. ECON528 Microeconomics for Business credit: 4 Hours. All students are strongly encouraged to include in their program one of the more theoretical courses: Math 412, 451, 493, 494, or 525. Log in Join. Note that MATH 116 (Calculus II) is a prerequisite for ECON 405 and that MATH 215 (Calculus III) and MATH 425 / STATS 425 (Introduction to Probability) are prerequisites for STATS 426. Requirements for candidate status include being an Economics major, having a cumulative 3.25 GPA at UM-Dearborn, having successfully completed at least one core theory course ( ECON 301 / ECON 302 / ECON 305 ), and earning a 3.5 GPA average in upper level Economic classes. 3 undergraduate hours. AMathematical Sciencesmajor must choose one of the eight options below and complete at least three of the courses listed under that option or courses for which the courses are prerequisite.This requirement is designed to provide focus and depth to the program and can only be waived by an advisor in favor of a program which provides this depth in some equivalent way. Students electing this option must complete Math 525. It focuses on different forms of strategic interactions between agents, including competition, coordination, bargaining, and public choice. Learn what it means to be a Wolverine and dig in to what the liberal arts are all about. Topics include evolutionary learning in models. Prerequisite: ECON203; ECON302; MATH220/MATH221 are required. 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. Select elective courses are offered during fall and spring, as well. 3 undergraduate hours. ECON532 Econometric Analysis I credit: 4 Hours. Explores game theory and strategic decision making. Theory of the organization of markets and firms, behavior of firms, functioning of competitive systems, and performance of markets. Prerequisite: ECON302 or consent of instructor. MATH 120 may not be substituted for MATH 115. MATH220, MATH221, MATH234 or equivalent. Students interested in a major or minor in Economics should consult an economics department advisor. Supervised, on or off-campus experience in a field directly pertaining to Economics, Econometrics & Quantitative Economics, or CS+ Economics. Microeconomic analysis of political decision making processes. In covering these models, the course also seeks to develop a set of techniques for students to use. ECON540 Labor Economics I credit: 4 Hours. Prerequisite: ECON202; ECON302; MATH220 or 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. 4 graduate hours. Qualified students are encouraged to consider an Honors subplan in Economics. Particular emphasis on the contribution of game theory as the equilibrium concept in oligopoly settings. First, we desire to create excitement around the economics major. 19,788 institutions were ranked, and those that placed at the top made the global 2000 list. This course uses economics to understand these activities and evaluate policies that influence them. One of the Honors alternatives to MATH 115 may be substituted for MATH 115. Securities analyst Prerequisite: ECON203; ECON302; MATH220 or 221 or other Calculus I equivalent; completion of campus Composition I general education requirement.This course satisfies the General Education Criteria for:Advanced Composition. Courses range from 1 to 3 units, and are subject to change. 2140 - Social Sciences Building. . 4 graduate 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. 4 graduate hours. 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. Prerequisite: ECON302; MATH220/MATH221 or Calculus I equivalent. non-stationary time series, cointegration and error corection, structural breaks and non-linear time series models. Covers univariate and multivariate time series. Sep 19, 2019. 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. ECON 335 Experimental Economics 3 Credit Hours This course on experimental economics is devoted to laboratory experiments on individual behavior in markets as well as in social situations. Appointments are scheduled online at: http://lsa.umich.edu/econ/undergraduates/departmental-advising.html Students are urged to consult with a department advisor each term before selecting courses for the following term. Prerequisite: ECON203; ECON302; MATH220/MATH221 are required. Prerequisite: ECON102 and ECON103 or equivalent. Higher education administrator, Technical writer 238 Lorch Hall An original empirical research paper is required, applying ideas and concepts covered in class. International macroeconomics and financial crises. ECON426 Monetary Economics and Policy credit: 3 or 4 Hours. Prerequisite: Admission to the Department of Economics Ph.D. program. ECON303 Inter Macroeconomic Theory credit: 3 Hours. 1220 Student Activities Building 515 E. Jefferson St. Ann Arbor, MI 48109-1316 US. An introductory course intended to help students explore the various fields of economics. Typical areas of application include such diverse areas as the topology of DNA, genetic algorithms, cell physiology, cancer biology and control strategies, micro-circulation and blood flow, the study of infectious diseases such as AIDS, the biology of populations, neuroscience and the study of the brain, developmental biology and embryology, the study of hormone secretion and endocrine control and bioinformatics. Look up specific courses, instructors, or majors offered by the University of Michigan, Ann Arbor Campus. Prerequisite: A course in statistics or consent of instructor. 734-764-0332www.lsa.umich.edu/advising, To begin connecting to professionals in fields that interest you, create your own LinkedIn account:www.careercenter.umich.edu/article/getting-started-linkedin, To identify internships or job opportunities, visit Handshake: https://careercenter.umich.edu/article/handshake, On campus jobs (work-study and non work-study jobs) are listed at: https://studentemployment.umich.edu/JobX_Home.aspx, Maize Pages list hundreds of organizations for students to get involved in: http://studentorgs.umich.edu/maize, The Career Center ECON199 Undergraduate Open Seminar credit: 0 to 5 Hours. Our Commitment. Students who receive 2 credits for ECON 102X may take ECON 102 and receive 4 credits for ECON 102. A range of migration forms is discussed, including international and internal migration, permanent and temporary migration, legal and illegal migration, as well as forced migration and refugees. Writing proposals Same as LER540. Focus on specification, estimation, prediction and evaluation of econometric models. Retail buyer Prerequisite: ECON532 and ECON535. Students with a serious interest in the study of economics are strongly encouraged to continue the study of calculus beyond MATH 115. ECON557 Topics in Microeconomics III credit: 4 Hours. 3 undergraduate hours. Plus. Emphasizes microeconomic theory; principal topics include a review of value and distribution theory, the theory of choice by households and firms, general microeconomic theory, and theoretical developments of current interest. Examples of such problems include developing high-temperature superconducting materials, determining the structure of a protein from its amino acid sequence, and creating methods to model global climate change. ECON420 International Economics credit: 2 to 4 Hours. Consumer business analyst Prerequisite: ECON302 or equivalent. Honors majors are required to complete the requirements for a regular major in Economics. Prerequisite: ECON302 and ECON303. Popularity of Economics at U-M. During the 2019-2020 academic year, University of Michigan - Ann Arbor handed out 586 bachelor's degrees in economics. ECON203 is recommended. MATH 116, 121, 156, 185, 186, 215, 216, 255, 256, 285, 286, 295, or 296 may be substituted for MATH 115. Required courses for Economics students are offered fall and spring semesters. 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