The topics include forms of pay, incentive theory, pay structure, pay-for-performance, and employee benefits. Prerequisite: MATH415; ECON500 and ECON501, or equivalent. We would like to show you a description here but the site won't allow us. Honors majors are required to complete the requirements for a regular major in Economics. Analyzing results Considers the basic causes and consequences of international trade, the foreign exchange market and theory of exchange rate determination, the U. S. trade deficit, the international monetary system, and antidumping and countervailing duty law, copyright and patent infringement law, the General Agreement on Tariffs and Trade, the rudiments of strategic trade theory, and selected policy issues varying by year. The standards for admission are a cumulative grade point average of at least 3.4. Assessing needs 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. ECON303 Inter Macroeconomic Theory credit: 3 Hours. This course examines which policies are effective for alleviating poverty, which are not, and why. 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. 2011 Regents of the University of Michigan, 515 E Jefferson St This sequence will be especially useful to students intending to apply to doctoral programs in economics or finance. MATH231; ECON471 are recommended. LSA delivers a purposeful, pragmatic liberal arts education that employers respect and seek out. College instructor ECON543 Workplace Dispute Resolution credit: 3 or 4 Hours. Game theory is the study of strategic interaction where one person's actions affect the actions of others. Introduces basic financial products (stocks, bonds, futures, options, and other derivatives), asset pricing theory including capital asset pricing model (CAPM), arbitrage pricing theory (APT), financial institutions and the organization of financial markets, and some topics on financial crisis and monetary policy. Honors majors are given priority in election of one section of ECON 495 (Seminar in Economics). 3 undergraduate hours. Nonprofit organizations make up a large and growing share of the economy. Nous utilisons des cookies et d'autres donnes pour: Si vous cliquez sur "Tout accepter", nous utiliserons galement des cookies et d'autres donnes pour : Si vous cliquez sur "Tout refuser", nous n'utiliserons pas de cookies pour ces fins supplmentaires. ), three courses from one of the Program Options (III. Prerequisite: ECON202; ECON302; MATH220/MATH221 or other Calculus course. 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. Years of experience and notable expertise ensure that your retirement plan is in good hands. Financial planner Prerequisite: ECON202; ECON302; MATH220 or MATH221 or other calculus course are required. 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. Principles-level course in international economics for non-majors. As of this writing, the Business School does not accept ECON 101X as a substitute for ECON 101, and it does not accept ECON 102X as a substitute for ECON 102. These courses aim to develop deep, foundational understanding of the empirical methods used in economics. Educational television advisor Intermed Macro Thry. 3. ECON590 Individual Study and Research credit: 0 to 4 Hours. Michigan economics graduates have gone on to successful careers in business, government, law, and education. 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. Employee compensation is a critical tool for organizations to attract, retain, and motivate its employees. Students are encouraged to include EECS 402 and MATH 451 in their program, and to also consider doing a minor in another scientific discipline. Employers seek out individuals who can demonstrate excellent verbal and written communication skills, teamwork and interpersonal skills, initiative, and a strong work ethic. Prerequisite: ECON302 or consent of instructor. Economics Undergraduate Office. Approved for S/U grading only. Plus, hear from students who have used Atlas. 3 undergraduate hours. Honors majors are given priority in election of one section of ECON 495 (Seminar in Economics). Emphasizes empirical evidence on these topics. Honors majors are required to complete the requirements for a regular major in Economics. Operations analyst ECON533 Microeconomic Theory II credit: 4 Hours. 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. ECON440 Economics of Labor Markets credit: 2 to 4 Hours. Most concentrations sponsor specific student groups like an undergraduate organization or an honor society. Students with a serious interest in economic research should elect ECON 405 (or STATS 426) and ECON 406. Approved for both letter and S/U grading. Every student must include, either here or elsewhere in his/her program, acognatecourse numbered 300 or above taught outside the department which emphasizes the application of significant mathematical tools (at least at the level of Math 215) in another discipline. Courts and Cases Handout.pdf. MATH 116, 215, and 217, or their Honors equivalents, are recommended for students with an interest in quantitative economics. Particular emphasis on the contribution of game theory as the equilibrium concept in oligopoly settings. Application of economic theory to topical issues such as pollution, climate change, and the environmental impacts of overpopulation. Students receiving 2 credits for ECON 101X may take ECON 101 and receive 4 credits for ECON 101. Spring 2016. Indeed, several areas of mathematics were developed for the purpose of solving problems in physics. Economics@Work (Econ 208) is a class offered by the Department of Economics at the University of Michigan. Use the Atlas Schedule Builder to create your next academic schedule. Access study documents, get answers to your study questions, and connect with real tutors for ECON 437 : Energy Economics and Policy at University Of Michigan. ECON450 Development Economics credit: 2 to 4 Hours. Prerequisite: Familiarity with intermediate microeconomics at the level of ECON302. Prerequisite: ECON202; ECON302; MATH220/221 or other Calculus course. Advanced placement credits in MATH 121 may be substituted for MATH 115. Micro- and macroeconomic theories of the supply of and demand for money; money substitutes and their significance; review of current empirical research; money in closed economy, macroeconomic, and static general equilibrium models; and analysis of inflation and unemployment. Studies the features and development of the American economy and examines the watershed events that have transformed it over its history. ECON450. Course Title Employer's Guide to Hiring International Students, www.lsa.umich.edu/econ/undergraduatestudy, www.careercenter.umich.edu/article/getting-started-linkedin, https://careercenter.umich.edu/article/handshake, https://studentemployment.umich.edu/JobX_Home.aspx, Russian, East European, and Eurasian Studies, ECON 401, completed with a minimum grade of C or better, ECON 402, completed with a minimum grade of C or better, STATS 250 or 426, or ECON 451, or ECON 453; completed with a minimum grade of C or better, ECON 251, or ECON 452, or ECON 454; completed with a minimum grade of C or better. Prerequisite: ECON102 or equivalent. 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. Primary emphasis on monetary and fiscal policy, inflation, unemployment, economic growth, and international economics. Covers probability theory, set theory, asymptotic theory, estimation and hypothesis testing. Credit is not given for both ECON529 and either ECON303 or ECON501. 3 pages. Many concentrators go on to graduate or professional school. MATH 116, 121, 156, 176 (only topic Explorations in Topology and Analysis),185, 186, 215, 216, 255, 256, 285, 286, 295, or 296 may be substituted for MATH 115. 3 undergraduate hours. Credits in MATH 120 alone do not satisfy the mathematics prerequisite for an economics major or minor. View on Map. Find top universities/colleges offering Master programs Leadership along with their rankings, tuition fees, admission process, entry requirements and scholarships offered. ECON425 Macroeconomic Policy credit: 3 or 4 Hours. ECON501 Macroeconomics credit: 4 Hours. ECON 401, completed with a grade of C or better. Graduate credit for both ECON302 and ECON500 is given only upon recommendation of the student's adviser and approval by the Department of Economics. Approved for S/U grading only. Special topics applying advanced econometrics concepts. Your private and personalized dashboard displays courses you've saved, customizable course collections, instructors, and majors. Learn what it means to be a Wolverine and dig in to what the liberal arts are all about. ECON402 American Economic History credit: 3 Hours. 3 undergraduate hours. 4 graduate hours. 3 undergraduate hours. Contact us. Manipulating numerical data 3 undergraduate hours. ECON598 Workshop and Research Seminar credit: 2 Hours. ECON483 Econ of Innovation and Tech credit: 2 to 4 Hours. Prerequisite: ECON202; ECON303; MATH231 are required. The analytic skills and knowledge of economic institutions developed in the pursuit of the minor in economics will be useful to students in all disciplines who will be contributing to business and public policy decisions. It pervades industry, and its practitioners can be found in such diverse fields as automotive pollution control, avionics, and process control in manufacturing. The major program must include at least nine courses:four basic courses (II. Utilizes a practical project format. Covers univariate and multivariate time series. Economic forecaster Prerequisite: ECON202; ECON302; MATH220/221 or other Calculus course are required. Application is made and admission is granted to the Honors plan during the first term of the junior year. ECON562 Topics in Macroeconomics I credit: 4 Hours. Introduces students to a variety of dynamic general equilibrium models that currently dominate the study of growth and economic fluctuations. 4 graduate hours. Our Commitment. No graduate credit. Prerequisite: ECON203 and ECON302 or equivalents; for undergraduate students only: Completion of campus Composition I general education requirement. Prerequisite: ECON202; ECON302 or ECON303; MATH220 or MATH221 or other Calculus course. Discusses problems and methods of building social accounting matrices and computable general equilibrium (CGE) models; provides hands-on experience with CGE models with a series of PC-based exercises. Students wishing to enter this field must acquire a strong background in mathematics, science, and computing. Integrates theory, quantitative methods, and policy in the economics major; will involve independent research projects. Junior Standing Required. Sales representative Students wishing to pursue a minor in Economics must develop a specific plan for its completion in consultation with one of the Department's designated advisors. Same as LER440. Computer exercises are used to introduce students to special problems encountered in the analysis of economic data. Credits in MATH 120 alone do not satisfy the mathematics prerequisite for an economics major or minor. Explains the statistics and time series concepts that will be useful to understand financial market dynamics, and investigates some popular econometric models and estimation methods. Credits in MATH 120 alone do not satisfy the mathematics prerequisite for an economics major or minor. MATH 120 may not be substituted for MATH 115. At least 12 credits in the major, including ECON 401, ECON 402, and at least three of the credits in upper-level economics electives in courses with ECON 401 or ECON 402 as a prerequisite, muste be taken at the Ann Arbor campus. All academic programs offered at the UM help students develop valuable transferable skills. Undergraduate Office 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 401 should be elected before ECON 402. 3 undergraduate hours. 3 undergraduate hours. ECON575 Econometrics II credit: 4 Hours. - Some topics may require additional prerequisites, read the section text for each topic. Both market-based and regulatory solutions to these problems are discussed. Prerequisite: ECON101; or ECON102 (or ACE100) and ECON103. Credit in ECON220 is not applicable toward graduation in the Economics Major. ECON504 Time Series Analysis in Econ credit: 4 Hours. Applying statistical methods May be repeated. Explores game theory and strategic decision making. 3 undergraduate hours. 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. (173 Documents), ECON 409 - Game Theory Ann Arbor campus requirement:Any courses to be taken for the minor outside the Ann Arbor campus of the University should be approved in advance by an economics department advisor. Ann Arbor, Michigan 48109-1316 3 undergraduate hours. MATH 116, 215, and 217, or their Honors alternatives, are recommended for students with an interest in quantitative economics. 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. The Rackham Graduate School works together with faculty in the schools and colleges of the University to provide more than 180 graduate degree programs and to sustain a dynamic intellectual climate within which graduate students thrive. 2 or 4 graduate hours. 3 undergraduate hours. Enrollment limited to undergraduate Economics majors only. These models include: neoclassical growth models, overlapping generations models, CAPM models, search models, and endogenous growth models. University of Michigan ECON 432 - Fall 2008 Register Now Mortgage Lending Shift Spurs Worry over Risk, WSJ, 01-20-17.pdf. ECON534 Macroeconomic Theory II credit: 4 Hours. Schools. 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