Economics < University of California, Berkeley

This is an archived copy of the 2019-20 guide. To access the most recent version of the guide, please visit http://guide.berkeley.edu.

Spring 2020 COVID-19 Measures

About the Program

Bachelor of Arts (BA)

The Department of Economics is home to over 1500 undergraduate students. Economics majors can enroll in a broad array of economics courses, ranging from economic history to advanced macroeconomics. Students are encouraged to study abroad, participate in research, and take advantage of the many opportunities Berkeley has to offer.

Declaring the Major

As an impacted major in high demand, declaration of the Economics major is admission-based and students must meet specific criteria in order to be admitted. Students who want to apply to the economics major must have completed or be currently enrolled in all the major prerequisites. Students admitted to Berkeley as freshmen must apply by their fifth semester of post-high school coursework unless they have fewer than 80 total units. This total includes coursework in-progress but excludes high school enrichment units, e.g., Advanced Placement, International Baccalaureate, or other college units earned prior to high school graduation. Transfer students required to enroll in remaining prerequisites and apply to the major during their first semester at Berkeley. The 80 unit cap does not apply to transfer students.

For more information, please visit the department's website.

Honors Program

Students interested in graduating with honors in economics should consult with a faculty adviser no later than the second semester of their junior year. The department recommends a student for graduation with honors based on evidence of superior performance provided by a thesis written in the senior year and the student's course grade record overall and in the major. The minimum major grade point average (GPA) requirement is 3.5 in upper division economics courses and 3.3 GPA overall. The senior thesis may be an extension of a seminar paper prepared under the continued guidance of a faculty member through enrollment in ECON H195A/ECON H195B.

Minor Program

There is no minor program in economics.

Visit Department Website

Major Requirements

In addition to the University, campus, and college requirements listed on the College Requirements tab, students must fulfill the below requirements specific to their major program.

General Guidelines

All courses taken to fulfill the major requirements below must be taken for graded credit, other than courses listed which are offered on a Pass/No Pass basis only. Other exceptions to this requirement are noted as applicable.
No more than one upper division course may be used to simultaneously fulfill requirements for a student's major and minor programs, with the exception of minors offered outside of the College of Letters & Science.
A minimum grade point average (GPA) of 2.0 must be maintained in both upper and lower division courses used to fulfill the major requirements.

For information regarding residence requirements and unit requirements, please see the College Requirements tab.

Prerequisites

Five courses

Course List
Code	Title	Units
Select one calculus sequence from the following: ¹
MATH 1A & MATH 1B	Calculus and Calculus
MATH 16A & MATH 16B	Analytic Geometry and Calculus and Analytic Geometry and Calculus (or equivalent)
Select one statistics course from the following: ^{1, 3}
STAT 20	Introduction to Probability and Statistics [4]
STAT 21	Introductory Probability and Statistics for Business [4]
STAT W21	Introductory Probability and Statistics for Business [4]
STAT 88	Probability and Mathematical Statistics in Data Science [3]
STAT 131A	Statistical Methods for Data Science [4]
STAT 135	Concepts of Statistics [4]
STAT 140	Probability for Data Science [4]
Select one of the following:
ECON 1	Introduction to Economics [4]
ECON 2	Introduction to Economics--Lecture Format [4] (or equivalent)
Select one of the following:
ECON 100A	Economic Analysis--Micro [4]
ECON 100B	Economic Analysis--Macro [4]
ECON 101A	Economic Theory--Micro [4]
ECON 101B	Economic Theory--Macro [4] ²
ECON 140	Economic Statistics and Econometrics [4]
ECON 141	Econometric Analysis [4]

At least one semester of the calculus/statistics requirement must be completed at UC Berkeley.

Students may take UGBA 101B to fulfill the Intermediate Macroeconomic requirement.

Students who took STAT C8, STAT 134, or IND ENG 172 Fall 2019 and prior should consult Economics website for details.

Upper Division Requirements

Seven courses

Course List
Code	Title	Units
Select one course from the following, to complete the sequence begun as a prerequisite:
ECON 100A	Economic Analysis--Micro [4]
ECON 100B	Economic Analysis--Macro [4]
ECON 101A	Economic Theory--Micro [4]
ECON 101B	Economic Theory--Macro [4] ²
Select one econometrics class from the following:
ECON 140	Economic Statistics and Econometrics [4]
ECON 141	Econometric Analysis [4]
Select five additional upper division economics courses. ⁴

⁴

Approved list of Economics electives available at https://www.econ.berkeley.edu/undergrad/current/major-requirements

College Requirements

Undergraduate students must fulfill the following requirements in addition to those required by their major program.

For detailed lists of courses that fulfill college requirements, please review the College of Letters & Sciences page in this Guide. For College advising appointments, please visit the L&S Advising Pages.

University of California Requirements

Entry Level Writing

All students who will enter the University of California as freshmen must demonstrate their command of the English language by fulfilling the Entry Level Writing requirement. Fulfillment of this requirement is also a prerequisite to enrollment in all reading and composition courses at UC Berkeley.

American History and American Institutions

The American History and Institutions requirements are based on the principle that a US resident graduated from an American university, should have an understanding of the history and governmental institutions of the United States.

Berkeley Campus Requirement

American Cultures

All undergraduate students at Cal need to take and pass this course in order to graduate. The requirement offers an exciting intellectual environment centered on the study of race, ethnicity and culture of the United States. AC courses offer students opportunities to be part of research-led, highly accomplished teaching environments, grappling with the complexity of American Culture.

College of Letters & Science Essential Skills Requirements

Quantitative Reasoning

The Quantitative Reasoning requirement is designed to ensure that students graduate with basic understanding and competency in math, statistics, or computer science. The requirement may be satisfied by exam or by taking an approved course.

Foreign Language

The Foreign Language requirement may be satisfied by demonstrating proficiency in reading comprehension, writing, and conversation in a foreign language equivalent to the second semester college level, either by passing an exam or by completing approved course work.

Reading and Composition

In order to provide a solid foundation in reading, writing, and critical thinking the College requires two semesters of lower division work in composition in sequence. Students must complete parts A & B reading and composition courses by the end of their second semester and a second-level course by the end of their fourth semester.

College of Letters & Science 7 Course Breadth Requirements

Breadth Requirements

The undergraduate breadth requirements provide Berkeley students with a rich and varied educational experience outside of their major program. As the foundation of a liberal arts education, breadth courses give students a view into the intellectual life of the University while introducing them to a multitude of perspectives and approaches to research and scholarship. Engaging students in new disciplines and with peers from other majors, the breadth experience strengthens interdisciplinary connections and context that prepares Berkeley graduates to understand and solve the complex issues of their day.

Unit Requirements

120 total units
Of the 120 units, 36 must be upper division units
Of the 36 upper division units, 6 must be taken in courses offered outside your major department

Residence Requirements

For units to be considered in "residence," you must be registered in courses on the Berkeley campus as a student in the College of Letters & Science. Most students automatically fulfill the residence requirement by attending classes here for four years. In general, there is no need to be concerned about this requirement, unless you go abroad for a semester or year or want to take courses at another institution or through UC Extension during your senior year. In these cases, you should make an appointment to meet an adviser to determine how you can meet the Senior Residence Requirement.

Note: Courses taken through UC Extension do not count toward residence.

Senior Residence Requirement

After you become a senior (with 90 semester units earned toward your BA degree), you must complete at least 24 of the remaining 30 units in residence in at least two semesters. To count as residence, a semester must consist of at least 6 passed units. Intercampus Visitor, EAP, and UC Berkeley-Washington Program (UCDC) units are excluded.

You may use a Berkeley Summer Session to satisfy one semester of the Senior Residence requirement, provided that you successfully complete 6 units of course work in the Summer Session and that you have been enrolled previously in the college.

Modified Senior Residence Requirement

Participants in the UC Education Abroad Program (EAP), Berkeley Summer Abroad, or the UC Berkeley Washington Program (UCDC) may meet a Modified Senior Residence requirement by completing 24 (excluding EAP) of their final 60 semester units in residence. At least 12 of these 24 units must be completed after you have completed 90 units.

Upper Division Residence Requirement

You must complete in residence a minimum of 18 units of upper division courses (excluding UCEAP units), 12 of which must satisfy the requirements for your major.

Plan of Study

For more detailed information regarding the courses listed below (e.g., elective information, GPA requirements, etc.), see the College Requirements and Major Requirements tabs.

Freshman
Fall	Units	Spring	Units	Summer	Units
MATH 1A	4	MATH 1B	4	MATH 53 (optional)⁵	4
OR		OR
MATH 16A [3]		MATH 16B [3]
Reading and Composition A	4	Reading and Composition B	4
L&S Breadth	4	ECON 1 (SBS Breadth)	4
Lower Division Elective	4	OR
		ECON 2 [4]
		Lower Division Elective	4
	16		16		4
Sophomore
Fall	Units	Spring	Units	Summer	Units
ECON 100A	4	ECON 100B	4	Internship
OR		OR		OR
ECON 101A [4]		ECON 101B [4]		Study Abroad
STAT 20⁶	4	UD Econ Elective	4
OR		L&S Breadth	3
STAT 21⁶ [4]		American Cultures Reqt	4
L&S Breadth	4
UD non-Econ Elective	3
	15		15		0
Junior
Fall	Units	Spring	Units	Summer	Units
ECON 140	4	Upper Division Economics Elective	4	Internship
OR		Upper Division Economics Elective	4	OR
ECON 141 [4]		Lower or Upper Division Elective	4	Study Abroad
L&S Breadth	4	L&S Breadth	3
L&S Breadth	4
Upper Division Non-Economics Elective	3
	15		15		0
Senior
Fall	Units	Spring	Units
Upper Division Economics Elective⁷	4	Upper Division Economics Elective	4
Lower or Upper Division Elective	4	Upper Division Economics Elective	4
Lower or Upper Division Elective	4	OR
Lower or Upper Division Elective	3	ECON H195B⁸ [1-3]
		Lower or Upper Division Elective	4
		Lower or Upper Division Elective	4
	15		16
Total Units: 127

This is a sample program plan. This plan assumes that the student has completed the Entry Level Writing, American History and Institutions, Quantitative Reasoning, and Foreign Language requirements prior to admission, and does not require MATH 32.

To declare the Economics major, students admitted as freshmen must complete all prerequisite courses and apply to the major no later than their fifth semester at Berkeley. A minimum prerequisite GPA of 3.0 is also required.

The economics major is impacted and cannot guarantee enrollment in specific courses.

⁴

Students are strongly advised to work with an academic adviser to determine a personal program plan. Your program plan will differ depending on previous credit received, your course schedule, and available offerings.

⁵

MATH 53 is a prerequisite to enroll in ECON 101A. ECON 101A ECON 101B and ECON 141 (more quantitatively rigorous versions of ECON 100A, ECON 100B, and ECON 140) are recommended for students interested in research or pursuing a PhD in Economics, and require the MATH 1A-MATH 1B series as prerequisites. ECON 100A/ECON 101A and ECON 100B/ECON 101B can be taken out of order. ECON 140/ECON 141 should be taken the semester following completion of ECON 100A/ECON 101A and ECON 100B/ECON 101B.

⁶

Other options for the statistics prerequisite are: STAT 20, STAT 21, STAT W21, STAT 88, STAT 131A, STAT 135, STAT 140. Students who took STAT C8, STAT 134, or IND ENG 172 Fall 2019 and prior should consult Economics website for details.

⁷

For students intending to complete the Economics Honors Program, one approved research course can be used to fulfill both the "Research Requirement" for the Honors Program and an upper division elective. Discuss your plans for this Program with an Economics Adviser. The Economics Honors Program is optional.

⁸

ECON H195B is the Honors Thesis Course for students intending to complete the Economics Honors Program. Discuss your plans for this Program with an Economics Adviser. The Economics Honors Program is optional.

Accelerated Program Plans

For students considering graduating in less than four years, it's important to acknowledge the reasons to undertake such a plan of study. While there are advantages to pursuing a three-year degree plan such as reducing financial burdens, they are not for everyone and do involve sacrifices; especially with respect to participating in co-curricular activities, depth of study, and summer internships, which typically lead to jobs upon graduation. All things considered, please see the tables for three and three and a half year degree options.

3.5 Year Plan

3 Year Plan

Student Learning Goals

Mission

Economics is the study of how people make choices under conditions of scarcity and the results of those choices for society. Limited resources make tradeoffs necessary for consumers, businesses, and nations. Microeconomics studies how consumers make choices in using their time and spending their income and how businesses make choices in producing and selling goods and services. Macroeconomics studies the determination of national income and how it deviates from its potential (full employment) over the business cycle. The important outcomes for the national economy are income and how it is distributed, unemployment, inflation, economic growth, and how well financial markets and international trade are functioning. Economics is important in studying the impact of government policies, ranging from regulatory activities in individual markets to general measures for stabilizing and steering the economy at large. The effect of alternative economic policies on the welfare of the population is a core concern in economics. Undergraduates should have the following knowledge and skills when they graduate with an economics major from UC Berkeley. The Department of Economics wants their majors to have knowledge of economics principles with the skills to apply this knowledge in the following ways.

Learning Goals of the Major

Critical Thinking Skills

Apply economic analysis to evaluate everyday problems.
Apply economic analysis to evaluate specific policy proposals.
Compare two or more arguments that have different conclusions to a specific issue or problem.
Understand the role of assumptions in arguments.

Quantitative Reasoning Skills

Understand how to use empirical evidence to evaluate an economic argument.
Interpret statistical results.
Conduct appropriate statistical analysis of data and explain the statistical problems involved.
Obtain and/or collect relevant data using specific qualitative and/or quantitative research methods.

Problem-Solving Skills

Solve problems that have clear solutions.
Propose solutions for problems that do not have clear answers and indicate under what conditions they may be viable solutions.

Specialized Knowledge and Application of Skills

In specific content areas (fields) of economics, develop deeper critical and quantitative thinking skills, and apply problem-solving skills to complex problems.

Communication Skills

Communicate effectively in written, spoken, and graphical form about specific economic issues.
Formulate a well-organized written argument that states assumptions and hypotheses, which are supported by evidence.
Present an economic argument orally.

Lifelong Learning Skills

Possess a working knowledge of information databases (e.g., Econ Lit, Nexis-Lexis).
Know how to locate and use primary data sources (e.g., BLS Household Survey, UN Human Development Index).
Understand and evaluate current economic events and new economic ideas.

Career & Internship Information

Career Services Overview

The UC Berkeley Career Center prepares undergraduates, graduate students, and alumni to make informed decisions about their futures by providing comprehensive resources, programs, and counseling on career development, internships, employment, and graduate school. Whether it be through a resume critique, an alumni networking event, or an interviewing skills workshop, the Career Center is committed to helping all students achieve:

Career Clarity: providing students the opportunity to identify their career direction;
Career Competitiveness: providing students the opportunity to enhance their marketability via real-world experiences;
Career Connections: providing students opportunities to engage with alumni and employers.

Career and Internship Resources

The UC Berkeley Career Center offers a wide variety of programs and resources to support students of all majors and class levels.

Job Search Tools: Resume and cover letter writing, job search strategies, networking tools, interviewing skills, and more.
Career Counseling: A wide variety of scheduled and drop-in appointment options based on major and topic.
Internships: Internship listings, search strategies, FAQs, and more.
Career Exploration: Resources to explore career options, identify career goals, and develop effective career plans.
Events and Workshops: Over 70 events each semester including workshops, alumni networking events, career panels, conferences, and on-campus Career Chats.
Career Fairs and Employer Information Sessions: We offer 14 career fairs each year across a variety of career fields and partner with numerous employers for on-campus information sessions.
Graduate and Professional School: Counseling and resources to help students research and apply for graduate and professional school including medical school and law school.

Common Career Paths for Economics Majors

Career Destinations Survey

Every year the Career Center surveys graduating seniors about their post-graduation plans to better understand the career outcomes of our alumni including: career fields, job titles, specific employers, entry-level salaries, and graduate/professional school destinations. The data profiles by major provide an impressive overview of the diverse interests and achievements of recent graduates from UC Berkeley, including specific data for the Economics Department. Each survey year includes the August, December, and May graduating cohorts for that survey year. This data is designed to provide students, alumni, and employers with critical information about where Cal students go after graduation. As expected, college major does not restrict the employment or graduate school options that Cal students pursue. With careful planning, you can develop career-related skills and experiences that can prepare you for almost any job or graduate school field.

Sample Career Pathways

Economics majors go on to pursue a wide variety of career options including, but not limited to:

Economics: Data collection, research analysis, forecasting, planning, consulting and policy advising roles in many industries including private sector consulting and research firms, retail, insurance, transportation, healthcare, federal, state and local government agencies, public utilities, or labor unions.
Banking and finance: Financial analysis, commercial banking, mortgage and lending services, credit analysis, branch management, securities sales and research.
Management: Business and industry including banks, retail stores, restaurants, hotels, healthcare, manufacturing, government and nonprofit organizations.
Insurance: Claims, underwriting, risk management, sales, loss control, and actuarial science.
Sales: Industrial sales, consumer product sales, financial services sales, advertising sales, ecommerce, high tech forms, and media.
Education: Teaching, research and administrative roles in colleges, universities, and secondary schools.

Visit our Connecting Majors to Careers resource to explore additional career paths most commonly associated with over 80 majors, including Economics.

Advising

Student Services

The economics student services mission is to advise our students holistically by providing a high standard of service in a supportive and collaborative environment. Professional and peer advisers work as a team to provide accurate information in a timely manner. We partner with faculty to assist students in engaging with the campus and the global economic community. We value fairness, diversity, and the important roles our students, faculty, and staff in the Department of Economics play at the University of California, Berkeley.

Please visit our website for more information about our advising services: https://www.econ.berkeley.edu/undergrad/home/advising

Courses

Economics

Terms offered: Fall 2020, Summer 2020 8 Week Session, Spring 2020
A survey of economics designed to give an overview of the field.
Introduction to Economics: Read More [+]

Rules & Requirements

Credit Restrictions: Students will receive no units for Economics 1 after passing Economics 2.

Hours & Format

Fall and/or spring: 15 weeks - 2 hours of lecture and 2 hours of discussion per week

Summer: 8 weeks - 4 hours of lecture and 4 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Introduction to Economics: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Spring 2019
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.
Introduction to Economics--Lecture Format: Read More [+]

Rules & Requirements

Credit Restrictions: Students will receive no credit for ECON 2 after completing ECON 1; 2 units after completing ECON 3 or ENVECON 1 or ECON 3/ENVECON 1.

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Introduction to Economics--Lecture Format: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019
Introduction to microeconomics with emphasis on resource, agricultural, and environmental issues.
Introduction to Environmental Economics and Policy: Read More [+]

Rules & Requirements

Prerequisites: Mathematics 32

Credit Restrictions: Students will receive no credit for ECON C3 after completing ECON 1.

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Summer: 8 weeks - 6 hours of lecture and 2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Also listed as: ENVECON C1

Introduction to Environmental Economics and Policy: Read Less [-]

Terms offered: Fall 2011, Spring 2008, Fall 2004
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.
Freshman Seminar: Read More [+]

Rules & Requirements

Repeat rules: Course may be repeated for credit when topic changes.

Hours & Format

Fall and/or spring: 15 weeks - 1 hour of seminar per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: The grading option will be decided by the instructor when the class is offered. Final exam required.

Freshman Seminar: Read Less [-]

Terms offered: Spring 2020, Spring 2019, Spring 2018
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.
Sophomore Seminar: Read More [+]

Rules & Requirements

Prerequisites: At discretion of instructor

Repeat rules: Course may be repeated for credit when topic changes.

Hours & Format

Fall and/or spring:
5 weeks - 3-6 hours of seminar per week
10 weeks - 1.5-3 hours of seminar per week
15 weeks - 1-2 hours of seminar per week

Summer:
6 weeks - 2.5-5 hours of seminar per week
8 weeks - 1.5-3.5 hours of seminar per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: The grading option will be decided by the instructor when the class is offered. Final exam required.

Sophomore Seminar: Read Less [-]

Terms offered: Fall 2019, Fall 2016, Fall 2015
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.
Directed Group Study: Read More [+]

Rules & Requirements

Credit Restrictions: Enrollment is restricted; see the Introduction to Courses and Curricula section of this catalog.

Repeat rules: Course may be repeated for credit without restriction.

Hours & Format

Fall and/or spring: 15 weeks - 1-4 hours of directed group study per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Offered for pass/not pass grade only. Final exam not required.

Directed Group Study: Read Less [-]

Terms offered: Fall 2020, Summer 2020 8 Week Session, Spring 2020
Resource allocation and price determination.
Economic Analysis--Micro: Read More [+]

Rules & Requirements

Prerequisites: 1 or 2 or C3, or Environmental Economics and Policy 1, and Mathematics 1A or 16A, and Mathematics 1B or 16B, or equivalent

Credit Restrictions: Students will receive no credit for ECON 100A after completing ECON 101A or UGBA 101A. A deficient grade in UGBA 101A may be repeated by taking ECON 100A.

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1-2 hours of discussion per week

Summer: 8 weeks - 6 hours of lecture and 1.5-4 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Economic Analysis--Micro: Read Less [-]

Terms offered: Fall 2020, Summer 2020 8 Week Session, Spring 2020
A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Economic Analysis--Macro: Read More [+]

Rules & Requirements

Prerequisites: 1 or 2, and Mathematics 1A or 16A

Credit Restrictions: 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.

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 1-2 hours of discussion per week

Summer: 8 weeks - 6-6 hours of lecture and 1.5-4 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Economic Analysis--Macro: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019
Theory of resource allocation and price determination with an emphasis on microeconomic principles.
Economic Theory--Micro: Read More [+]

Rules & Requirements

Prerequisites: 1 or 2, Mathematics 53 or equivalent or consent of instructor

Credit Restrictions: 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.

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1-2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Economic Theory--Micro: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019
A study of theories of the determination of national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Economic Theory--Macro: Read More [+]

Rules & Requirements

Prerequisites: 1 or 2, and Mathematics 1A and 1B

Credit Restrictions: 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.

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1-2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Economic Theory--Macro: Read Less [-]

Terms offered: Fall 2020, Fall 2019, Fall 2018
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.
Natural Resource Economics: Read More [+]

Rules & Requirements

Prerequisites: 100, or Economics 100A or 100B

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Instructor: Sunding

Also listed as: ENVECON C102

Natural Resource Economics: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019
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.
Introduction to Mathematical Economics: Read More [+]

Rules & Requirements

Prerequisites: Math 53 and 54

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Formerly known as: 103

Also listed as: MATH C103

Introduction to Mathematical Economics: Read Less [-]

Terms offered: Spring 2020, Fall 2013, Spring 2013
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.
Advanced Microeconomic Theory: Read More [+]

Rules & Requirements

Prerequisites: 101A or consent of instructor

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 0-1 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Advanced Microeconomic Theory: Read Less [-]

Terms offered: Fall 2019, Summer 2019 First 6 Week Session, Fall 2018
A survey of the theories of major economists from Adam Smith to Keynes.
History of Economic Thought: Read More [+]

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture per week

Summer:
6 weeks - 8 hours of lecture per week
8 weeks - 5.5 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

History of Economic Thought: Read Less [-]

Terms offered: Not yet offered
This class will provide an introduction to the modern analysis of macroeconomic stabilization policies such as monetary policy and fiscal policy. Students will be introduced to modern techniques such as dynamic stochastic general equilibrium models with rational expectations as well as modern techniques for empirically assessing the effects of macroeconomic policies on the economy.
Advanced Macroeconomics: Read More [+]

Rules & Requirements

Prerequisites: Econ 100A (or Econ 101A) and Econ 100B (or Econ 101B) or consent of instructor

Credit Restrictions: Students will receive no credit for ECON 106 after completing ECON 106. A deficient grade in ECON 106 may be removed by taking ECON 106.

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 1-0 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Advanced Macroeconomics: Read Less [-]

Terms offered: Fall 2020, Fall 2019, Fall 2018
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.
Game Theory in the Social Sciences: Read More [+]

Rules & Requirements

Credit Restrictions: Students receive no credit for PS C135/PEIS C135/ECON C110 after taking ECON 104. If PS C135/ECON C110/PS W135/ECON N110 is taken and with a passing grade, students can't take the other versions of the course for additional credit.If PS C135/ECON C110/PS W135/ECON N110 is taken and not passed, students can take the other versions to replace grade.

Repeat rules: Course may be repeated for credit under special circumstances: PS C135/ECON C110,PS W135 and ECON N110 are similar in content. See Restriction Description.

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 0-1 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Formerly known as: Economics C110, Political Economy of Industrial Soc C135, Political Science C135

Also listed as: POL SCI C135

Game Theory in the Social Sciences: Read Less [-]

Terms offered: Summer 2020 8 Week Session, Summer 2019 8 Week Session, Summer 2017 8 Week Session
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.
Game Theory in the Social Sciences: Read More [+]

Rules & Requirements

Credit Restrictions: Students will receive no credit for Economics N110 after completing Economics 104, Political Science C135/Political Economy of Industrial Societies/Economics C110.

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Summer: 8 weeks - 6 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Formerly known as: 135

Game Theory in the Social Sciences: Read Less [-]

Terms offered: Fall 1974
The course will analyze the roles of individual incentives, target group objectives and outcomes and how they are impacted by group decision making systems. A group decision making system is a way of making group level decisions. We examine this through the lens of game theory and mechanism design and other complementary analytic approaches. For example, we would examine the impact of having alternative election systems. This course draws primarily from microeconomic theory as an anchoring framework to evaluate these systems and individual actions. As with much of behavioral economics where we deal with real complex structures, we borrow from psychology (for behavioral theory) and business and politics (for real world examples).
Applied Mechanism Design: Read More [+]

Rules & Requirements

Prerequisites: -Required: Math 1A/1B or equivalent, Econ 1 or equivalent, Stats 20, 21, W21, 88, 131A, or 135 or equivalent -Preferred: (not required but nice to have for background) Econ 100A /101A (Intermediate Micro), Econ 110(Game Theory), Econ 140/141 (Econometrics)

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 1-0 hours of discussion per week

Summer: 8 weeks - 6-6 hours of lecture and 2-0 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Alternate method of final assessment during regularly scheduled final exam group (e.g., presentation, final project, etc.).

Applied Mechanism Design: Read Less [-]

Terms offered: Spring 2018, Spring 2017, Spring 2015
A survey of the history of the U.S. economy. Emphasis is on economic events, factors, and explanations, with particular emphasis on economic growth, development, and the distribution of gains and losses associated with growth. A key skill developed during the course is the ability to read, understand, and critique econometric results in current economic history research.
U.S Economic History: Read More [+]

Rules & Requirements

Prerequisites: Econ 1 or 2 or C3, or EnvEcon C1; Econ 140 or 141 or EnvEcon/IAS C118

Credit Restrictions: Students will receive no credit for ECON 113 after completing ECON N113. A deficient grade in ECON 113 may be removed by taking ECON N113.

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 0-1 hours of discussion per week

Summer: 8 weeks - 6-6 hours of lecture and 0-2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

U.S Economic History: Read Less [-]

Terms offered: Summer 2010 8 Week Session, Summer 2009 10 Week Session, Summer 2009 8 Week Session
A survey of the history of the U.S. economy. Emphasis is on economic events, factors, and explanations, with particular emphasis on economic growth, development, and the distribution of gains and losses associated with growth. A key skill developed during the course is the ability to read, understand, and critique econometric results in current economic history research.
U.S Economic History: Read More [+]

Rules & Requirements

Prerequisites: Econ 1 or 2 or C3, or EnvEcon C1; Econ 140 or 141 or EnvEcon/IAS C118

Credit Restrictions: Students will receive no credit for ECON N113 after completing ECON 113. A deficient grade in ECON N113 may be removed by taking ECON 113.

Hours & Format

Summer: 8 weeks - 8 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

U.S Economic History: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Spring 2019
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.
The World Economy in the Twentieth Century: Read More [+]

Rules & Requirements

Prerequisites: 1 or 2

Credit Restrictions: Students will receive no credit for ECON 115 after passing History 160.

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 0-1 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

The World Economy in the Twentieth Century: Read Less [-]

Terms offered: Fall 2020, Summer 2020 First 6 Week Session, Fall 2019
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.
Psychology and Economics: Read More [+]

Rules & Requirements

Prerequisites: 100A or 101A

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 0-1 hours of discussion per week

Summer: 8 weeks - 6 hours of lecture and 0-2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Psychology and Economics: Read Less [-]

Terms offered: Spring 2020, Fall 2019, Spring 2019
The organization and structure of production in the U.S. economy. Determinants of market structure, business behavior, and economic performance. Implications for antitrust policy.
Industrial Organization and Public Policy: Read More [+]

Rules & Requirements

Prerequisites: 100A or 101A

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 0-1 hours of discussion per week

Summer:
6 weeks - 8-8 hours of lecture and 0-2 hours of discussion per week
8 weeks - 6-6 hours of lecture and 0-1.5 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Industrial Organization and Public Policy: Read Less [-]

Terms offered: Fall 2012, Spring 2010, Spring 2009
Seminar on problems in the field of industrial organization. Seminar paper is required.
Industrial Organization Seminar: Read More [+]

Rules & Requirements

Prerequisites: 121 and/or consent of instructor

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of seminar per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Industrial Organization Seminar: Read Less [-]

Terms offered: Fall 2014, Spring 2014, Spring 2013
Problems of public policy in the field of industrial organization. Analysis of regulatory consequences with particular attention to economic performance.
Government Regulation of Industry: Read More [+]

Rules & Requirements

Prerequisites: 121

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Government Regulation of Industry: Read Less [-]

Terms offered: Spring 2016, Spring 2015, Spring 2014
Analysis of market structure, conduct and performance in selected industries. See course announcement for current topics.
Special Topics in Industrial Organization: Read More [+]

Rules & Requirements

Prerequisites: 121

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Special Topics in Industrial Organization: Read Less [-]

Terms offered: Spring 2020, Summer 2019 8 Week Session, Spring 2019, Spring 2018
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.
Environmental Economics: Read More [+]

Rules & Requirements

Prerequisites: 100, Mathematics 16A-16B, or Economics 100A or 101A

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Summer: 8 weeks - 6 hours of lecture and 2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Instructor: Zilberman

Also listed as: ENVECON C101

Environmental Economics: Read Less [-]

Terms offered: Fall 2020, Summer 2020 Second 6 Week Session, Spring 2020
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.
Public Economics: Read More [+]

Rules & Requirements

Prerequisites: 100A-100B or 101A-101B

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 0-1 hours of discussion per week

Summer:
6 weeks - 7.5-7.5 hours of lecture and 0-2.5 hours of discussion per week
8 weeks - 5.5-6 hours of lecture and 0-2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Public Economics: Read Less [-]

Terms offered: Fall 2015, Fall 2014, Fall 2013
Enrollment will be limited. A seminar paper is required.
Seminar in Public Sector Economics: Read More [+]

Rules & Requirements

Prerequisites: 131 and/or consent of instructor

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of seminar per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Seminar in Public Sector Economics: Read Less [-]

Terms offered: Spring 2020, Spring 2019, Summer 2018 First 6 Week Session
This course provides an introduction to the analysis of economic inequalities and the interplay between inequality and economic growth. It focuses on three sets of core questions: 1) How does inequality evolve over the path of development? 2) What are the theories that can explain the degree of economic inequalities and its dynamic? 3) How do policies affect inequalities, and what types of policies can foster equitable growth? The course addresses these issues from a global and historical perspective: it comprehensively deals with the United States today, but also with inequality in China, India, Latin America, and Europe, as far back as 1700.
Global Inequality and Growth: Read More [+]

Rules & Requirements

Prerequisites: Economics 1

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Summer:
6 weeks - 10 hours of lecture and 0 hours of discussion per week
8 weeks - 6 hours of lecture and 0 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Instructor: Zucman

Global Inequality and Growth: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019
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.
Macroeconomic Policy from the Great Depression to Today: Read More [+]

Rules & Requirements

Prerequisites: Econ 100B or 101B; and Econ 140 or 141 or EnvEcon/IAS C118

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Instructor: Romer

Macroeconomic Policy from the Great Depression to Today: Read Less [-]

Terms offered: Spring 2020
This course examines the idea and reality of economic growth in historical perspective, beginning with the divergence between human ancestors and other primates and continuing through with forecasts for the 21st century and beyond. Topics covered include human speciation, language, and sociability; the discovery of agriculture and the domestication of animals; the origins and maintenance of gross inequality; Malthusian economies; the Commercial and Industrial Revolutions; modern economic growth; international prosperity differentials; OECD convergence and East Asian miracles; the political economy of growth and stagnation; and the stubborn persistence of poverty.
Economic Growth in Historical Perspective: Read More [+]

Rules & Requirements

Prerequisites: Required: Econ 100B or Econ 101B, and Mathematics 1A or 16A, and Mathematics 1B or 16B Recommended: Data Science 8, or equivalent

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 1-0 hours of discussion per week

Summer: 8 weeks - 6-6 hours of lecture and 2-0 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Economic Growth in Historical Perspective: Read Less [-]

Terms offered: Fall 2020, Summer 2020 8 Week Session, Spring 2020
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.
Financial Economics: Read More [+]

Rules & Requirements

Prerequisites: 100A or 101A, and one semester of statistics

Credit Restrictions: Students will receive no credit for 136 after taking Undergraduate Business Administration 103. Students intending on majoring in Business should not take 136.

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 0-1 hours of discussion per week

Summer:
6 weeks - 8-8 hours of lecture and 0-2 hours of discussion per week
8 weeks - 6-6 hours of lecture and 0-2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Financial Economics: Read Less [-]

Terms offered: Summer 2009 10 Week Session, Summer 2009 8 Week Session, Summer 2008 8 Week Session
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.
Financial Economics: Read More [+]

Rules & Requirements

Prerequisites: 100A or 101A, and one semester of statistics

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Summer: 8 weeks - 8 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Financial Economics: Read Less [-]

Terms offered: Spring 2020, Spring 2019, Spring 2018
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.
Financial and Behavioral Economics: Read More [+]

Rules & Requirements

Prerequisites: 100A or 101A, and Statistics 20, 21, or 25 or any upper division statistics course

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 0-1 hours of discussion per week

Summer:
6 weeks - 7.5 hours of lecture and 0-2.5 hours of discussion per week
8 weeks - 6 hours of lecture and 0-1.5 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Financial and Behavioral Economics: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019
This is a 4-unit advanced undergraduate course designed for undergraduates in Economics, Statistics, Mathematics, and Industrial Engineering/Operations Research who are interested in financial economics and finance. This course will stress the link between financial economics and equilibrium theory. Less attention will be devoted to purely financial topics such as the valuation of derivatives. This course is intended as the segue between a first course in financial economics (at the undergraduate level) and graduate-level courses in financial economics and finance.
The idea is to introduce students to the full range of topics typically covered by a financial economics and/or discrete time asset pricing course at the doctoral level.
Intermediate Financial Economics: Read More [+]

Rules & Requirements

Prerequisites: Students need a basic understanding of the principles of finance as well as microeconomic theory. Working knowledge of multi-variable calculus, linear algebra, and probability and statistics will be assumed. Required courses: Economics 100A/101A, Economics 136, or equivalent. Recommended courses: Math 53, Math 54, Statistics 20, or equivalent

Hours & Format

Fall and/or spring: 15 weeks - 4-4 hours of lecture and 0-1 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Instructors: Bianchi, Anderson

Intermediate Financial Economics: Read Less [-]

Terms offered: Fall 2020, Summer 2020 8 Week Session, Spring 2020
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.
Economic Statistics and Econometrics: Read More [+]

Rules & Requirements

Prerequisites: Econ 1 or 2 or equivalent, Stats 20, 21, W21, 88, 131A, or 135 or equivalent

Credit Restrictions: Students will not receive credit for 140 after taking 141.

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1.5 hours of discussion per week

Summer: 8 weeks - 6 hours of lecture and 3 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Economic Statistics and Econometrics: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019
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.
Econometric Analysis: Read More [+]

Rules & Requirements

Prerequisites: Econ 1 or 2 or equivalent, Stats 20, 21, W21, 88, 131A, or 135 or equivalent, Math 53 and 54 or equivalent

Credit Restrictions: Students will not receive credit for 141 after taking 140.

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1.5 hours of discussion per week

Summer: 8 weeks - 4 hours of lecture and 3 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Econometric Analysis: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019, Spring 2018, Spring 2017
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.
Applied Econometrics and Public Policy: Read More [+]

Rules & Requirements

Prerequisites: 140 or 141 or consent of instructor

Credit Restrictions: Students who completed Econ C142 receive no credit for Econ N142.

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 1-0 hours of discussion per week

Summer: 8 weeks - 6-6 hours of lecture and 2-0 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Alternate method of final assessment during regularly scheduled final exam group (e.g., presentation, final project, etc.).

Also listed as: POL SCI C131A/PUB POL C142

Applied Econometrics and Public Policy: Read Less [-]

Terms offered: Not yet offered
Since much of financial econometrics is based on time-series data, we will spend the first three weeks introducing/reviewing basic time-series analysis. The course will then start out by discussing the short-run time-series behaviour of stock prices, and present the evidence on short- and long-run predictability of stock returns. We will continue by discussing cross-sectional models and static equilibrium theory, including (but not limited to) the Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (APT). The course will then consider intertemporal equilibrium models, including (but not limited to) Arrow-Debreu pricing theory and the consumption-based CAPM. Finally, the course will look at fixed-income securities and derivative
Financial Econometrics: Read More [+]

Rules & Requirements

Prerequisites: Students need a basic understanding of the principles of nance, as well as introductory econometrics. Working knowledge of multi-variable calculus, linear algebra, and probability and statistics will be assumed. Required courses: Economics 136, Economics 140/141, or equivalent. Recommended courses: Economics 139, or equivalent

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 1-0 hours of discussion per week

Summer: 8 weeks - 6-6 hours of lecture and 2-0 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Financial Econometrics: Read Less [-]

Terms offered: Summer 2020 First 6 Week Session, Fall 2019, Summer 2019 First 6 Week Session
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.
Labor Economics: Read More [+]

Rules & Requirements

Prerequisites: 100A or 101A, or consent of instructor

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture per week

Summer:
6 weeks - 7.5 hours of lecture per week
8 weeks - 6 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Labor Economics: Read Less [-]

Terms offered: Spring 2020, Spring 2019, Spring 2018
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.
Wage Theory and Policy: Read More [+]

Rules & Requirements

Prerequisites: 100A or 101A

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 0-1 hours of discussion per week

Summer: 8 weeks - 6 hours of lecture and 0-2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Wage Theory and Policy: Read Less [-]

Terms offered: Fall 2015, Fall 2014, Fall 2006
Topics in labor economics. Seminar paper required.
Labor Economics Seminar: Read More [+]

Rules & Requirements

Prerequisites: 140 or 141, and 151 or 152 and consent of instructor

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of seminar per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Labor Economics Seminar: Read Less [-]

Terms offered: Spring 2018, Spring 2016, Spring 2014
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.
Economics of Discrimination: Read More [+]

Rules & Requirements

Prerequisites: 140 or 141

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of seminar per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Economics of Discrimination: Read Less [-]

Terms offered: Spring 2019, Fall 2018, Summer 2018 8 Week Session
Application of economic theory to urban problems. Topics covered include location theory, housing, transportation, and the fiscal problems of city government.
Urban Economics: Read More [+]

Rules & Requirements

Prerequisites: 100A or 101A

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture per week

Summer:
6 weeks - 8 hours of lecture per week
8 weeks - 6 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Urban Economics: Read Less [-]

Terms offered: Spring 2020, Spring 2019, Spring 2018
This is an advanced course considering the economic forces governing cities and a host of attendant public policy issues. Topics covered will include theory and evidence on sources of agglomeration economies and urban growth, housing markets, segregation, neighborhood effects, and place-based policies.
Cities and Public Policy: Read More [+]

Rules & Requirements

Prerequisites: Intermediate microeconomics (Economics 100A or Economics 101A) and econometrics (Economics 140 or Economics 141)

Credit Restrictions: Students will receive no credit for Economics 155A after taking Economics 155.

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Instructor: Kline

Cities and Public Policy: Read Less [-]

Terms offered: Summer 2020 First 6 Week Session, Spring 2019, Spring 2018
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.
Health Economics: Read More [+]

Rules & Requirements

Prerequisites: 100A or 101A

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture per week

Summer: 8 weeks - 6 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Health Economics: Read Less [-]

Terms offered: Spring 2016, Spring 2015, Fall 2009
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.
Economics of Transition: Eastern Europe: Read More [+]

Rules & Requirements

Prerequisites: 100A or 101A

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture per week

Summer: 8 weeks - 6 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Economics of Transition: Eastern Europe: Read Less [-]

Terms offered: Fall 2020, Fall 2019, Fall 2018
The Chinese economy, its institutions, reform and transition to the market, and development.
The Chinese Economy: Read More [+]

Rules & Requirements

Prerequisites: 100A-100B or 101A-101B

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture per week

Summer: 8 weeks - 5.5 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

The Chinese Economy: Read Less [-]

Terms offered: Fall 2020, Summer 2020 8 Week Session, Spring 2020, Fall 2019
This course covers theory and empirical evidence on the determinants of economic development and the global fight against poverty. The course aims to introduce students to modern empirical research methods that are being used to inform policy making in developing countries. Students also learn how to implement these tools themselves using real-world data sets and widely used statistical software for impact evaluation.
Development Economics: Read More [+]

Rules & Requirements

Prerequisites: EnvEcon 100 or Econ 100A or 101A; Econ 140 or 141 or EnvEcon/IAS C118

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Summer:
6 weeks - 8 hours of lecture and 2 hours of discussion per week
8 weeks - 6 hours of lecture and 2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Also listed as: ENVECON C151

Development Economics: Read Less [-]

Terms offered: Summer 2015 10 Week Session, Summer 2015 8 Week Session, Summer 2012 8 Week Session
Problems of underdevelopment and poverty, policy issues, and development strategy.
Economic Development: Read More [+]

Rules & Requirements

Prerequisites: 100A or 101A or Environmental Economics and Policy 100

Hours & Format

Summer: 8 weeks - 8 hours of lecture and 0 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Economic Development: Read Less [-]

Terms offered: Fall 2019, Spring 2019, Spring 2018
A detailed study of the problems of development in a selected geographical area in Asia or Africa or Latin America.
Case Studies in Economic Development: Read More [+]

Rules & Requirements

Prerequisites: 100A

Repeat rules: Course may be repeated for credit with instructor consent.

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 0-1 hours of discussion per week

Summer: 8 weeks - 6-6 hours of lecture and 0-2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Case Studies in Economic Development: Read Less [-]

Terms offered: Fall 2010, Fall 2009, Spring 2009
A seminar paper will be required.
Economic Development Seminar: Read More [+]

Rules & Requirements

Prerequisites: 171 or 172 and consent of instructor

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of seminar per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Economic Development Seminar: Read Less [-]

Terms offered: Fall 2020, Spring 2019, Fall 2018
There are a countless number of potential policies and programs to address the causes and consequences of poverty. However, how should one determine which of these is actually effective in improving the lives of the poor? This course explores a variety of empirical tools to rigorously measure the impact of development programs. Through weekly case studies of field research, students will learn impact evaluation theory and methods, and apply them to concrete examples from the development literature.
Global Poverty and Impact Evaluation: Read More [+]

Rules & Requirements

Prerequisites: Econ 100A or 101A or 100B or 101B; and Econ 140 or 141 or EnvEcon/IAS C118

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Instructor: Miguel

Global Poverty and Impact Evaluation: Read Less [-]

Terms offered: Spring 2020, Spring 2019, Spring 2018
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?
Economic Demography: Read More [+]

Rules & Requirements

Prerequisites: Economics 1 or 2

Hours & Format

Fall and/or spring: 15 weeks - 3-3 hours of lecture and 0-1 hours of discussion per week

Summer:
6 weeks - 7.5-7.5 hours of lecture and 0-2.5 hours of discussion per week
8 weeks - 6-6 hours of lecture and 0-2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Instructor: Lee

Formerly known as: Demography C175, Economics C175

Also listed as: DEMOG C175

Economic Demography: Read Less [-]

Terms offered: Summer 2013 10 Week Session, Summer 2013 8 Week Session
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?
Economic Demography: Read More [+]

Rules & Requirements

Prerequisites: Economics 1 or 2

Credit Restrictions: Students will receive no credit for Economics N175 after taking Economics C175/Demography C175; Economics 175/Demography 175. A deficient grade in Economics C175/Demography C175 may be removed by taking Economics N175.

Hours & Format

Summer: 8 weeks - 6 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Economic Demography: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019
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.
International Trade: Read More [+]

Rules & Requirements

Prerequisites: Economics100A-100B or Economics 101A-101B

Credit Restrictions: Students will receive no credit for ECON C181/ENVECON C181 after passing ECON 181, ECON N181 or UGBA 118. A deficient grade in ECON 181, or ECON N181 may be removed by taking ECON C181/ENVECON C181.

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Summer: 8 weeks - 6 hours of lecture and 2 hours of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Also listed as: ENVECON C181

International Trade: Read Less [-]

Terms offered: Summer 2018 First 6 Week Session, Summer 2017 First 6 Week Session, Summer 2016 First 6 Week Session
The theory of international trade and its applications to tariff protection.
International Trade: Read More [+]

Rules & Requirements

Prerequisites: Economics 100A-100B or Economics 101A-101B

Credit Restrictions: Students will receive no credit for Economics N181 after passing Economics 181 or Economics C181/Environmental Economics C181. A deficient grade in Economics 181, Economics C181/Environment Economics C181 may be removed by taking Economics N181.

Hours & Format

Summer:
6 weeks - 10 hours of lecture per week
8 weeks - 8 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

International Trade: Read Less [-]

Terms offered: Fall 2020, Fall 2019, Summer 2019 8 Week Session
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.
International Monetary Economics: Read More [+]

Rules & Requirements

Prerequisites: 100A-100B or 101A-101B

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 0-1 hours of discussion per week

Summer: 8 weeks - 7.5 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

International Monetary Economics: Read Less [-]

Terms offered: Spring 2020, Spring 2016, Spring 2015
A seminar paper is required.
International Economic Seminar: Read More [+]

Rules & Requirements

Prerequisites: 181 and 182 and consent of instructor

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of seminar per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Alternative to final exam.

International Economic Seminar: Read Less [-]

Terms offered: Fall 2020
This course discusses a range of environmental issues, including: climate change; air pollution; water pollution; loss of tropical forests; depletion of fisheries; species extinction; depletion of the atmospheric ozone layer; pollution abatement technologies; green energy;
fossil fuel extraction; and others. The course also analyzes a range of ways and concepts describing how countries and regions interact, including: trade; foreign direct investment; multinational ownership; global value chains; outsourcing; globalization; market access; international transportation; international treaties; unilateral environmental policy; and others.
International Environmental Economics: Read More [+]

Objectives & Outcomes

Course Objectives:
3. Familiarity with economic methods and data used to study these questions
1. Ability to analyze environmental policy in settings where multiple countries or states interact

2. Knowledge of key current environmental, trade, and multinational policy debates

Rules & Requirements

Prerequisites: ENVECON 100, ECON 101a, ECON 100a or or equivalent

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture and 1 hour of discussion per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Instructor: Shapiro

Also listed as: ENVECON C132

International Environmental Economics: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019
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.
Topics in Economic Research: Read More [+]

Rules & Requirements

Prerequisites: 100A or 100B

Hours & Format

Fall and/or spring: 15 weeks - 3 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Topics in Economic Research: Read Less [-]

Terms offered: Fall 2020, Fall 2019, Fall 2018
Preparation for writing a thesis, finding and organizing a topic, gathering data and getting started. H195A is not prerequisite to H195B.
Senior Honors Thesis: Read More [+]

Rules & Requirements

Prerequisites: Senior honors candidates only (students with major GPA of 3.50 or better or permission of instructor.)

Hours & Format

Fall and/or spring: 15 weeks - 1-3 hours of independent study per week

Summer:
6 weeks - 1-5 hours of independent study per week
8 weeks - 1-4 hours of independent study per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Offered for pass/not pass grade only. Final exam not required.

Senior Honors Thesis: Read Less [-]

Terms offered: Prior to 2007
Preparation and writing of an honors thesis under the supervision of a member of the faculty. H195AS is not a prerequisite to H195BS.
Senior Honors Thesis: Read More [+]

Rules & Requirements

Prerequisites: Senior honors candidates only, with major GPA of 3.5 or better. Permission of undergraduate adviser

Hours & Format

Summer: 15 weeks - 1-3 hours of independent study per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Offered for pass/not pass grade only. Final exam required.

Senior Honors Thesis: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019
Writing a thesis under the supervision of a faculty member. Applications and details through the departmental undergraduate office. H195A is not prerequisite to H195B.
Senior Honors Thesis: Read More [+]

Rules & Requirements

Prerequisites: Senior honors candidates only (students with major GPA of 3.50 or better or permission of undergraduate adviser)

Hours & Format

Fall and/or spring: 15 weeks - 1-3 hours of independent study per week

Summer:
6 weeks - 1-5 hours of independent study per week
8 weeks - 1-4 hours of independent study per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam not required.

Senior Honors Thesis: Read Less [-]

Terms offered: Prior to 2007
Preparation and writing of an honors thesis under the supervision of a member of the faculty.
Senior Honors Thesis: Read More [+]

Rules & Requirements

Prerequisites: Senior honors candidates only, with major GPA of 3.5 or better. Permission of undergraduate adviser

Hours & Format

Summer: 15 weeks - 1-3 hours of seminar per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Senior Honors Thesis: Read Less [-]

Terms offered: Spring 2019, Fall 2018, Fall 2016
Study in various fields of economics. Topics will vary from semester to semester and will be announced at the beginning of each semester.
Special Topics in Economics: Read More [+]

Rules & Requirements

Prerequisites: Upper division standing or consent of instructor

Repeat rules: Course may be repeated for credit without restriction.

Hours & Format

Fall and/or spring: 15 weeks - 1-4 hours of lecture per week

Summer:
6 weeks - 2.5-10 hours of lecture per week
8 weeks - 1.5-7.5 hours of lecture per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Letter grade. Final exam required.

Special Topics in Economics: Read Less [-]

Terms offered: Fall 2020, Summer 2020 8 Week Session, Spring 2020
Written proposal must be approved by Department Chair. Supervised field studies in economics. Projects may be initiated by the students.
Field Studies: Read More [+]

Rules & Requirements

Prerequisites: Upper-division standing

Repeat rules: Course may be repeated for credit without restriction.

Hours & Format

Fall and/or spring: 15 weeks - 1-4 hours of independent study per week

Summer:
6 weeks - 1-5 hours of independent study per week
8 weeks - 1-4 hours of independent study per week
10 weeks - 1.5-6 hours of independent study per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Offered for pass/not pass grade only. Final exam not required.

Field Studies: Read Less [-]

Terms offered: Fall 2020, Spring 2020, Fall 2019
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.
Directed Group Study: Read More [+]

Rules & Requirements

Prerequisites: Upper-division standing and consent of instructor

Credit Restrictions: Enrollment is restricted; see the Introduction to Courses and Curricula section of this catalog.

Repeat rules: Course may be repeated for credit without restriction.

Hours & Format

Fall and/or spring: 15 weeks - 1-4 hours of directed group study per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Offered for pass/not pass grade only. Final exam not required.

Directed Group Study: Read Less [-]

Terms offered: Fall 2020, Summer 2020 8 Week Session, Summer 2020 Second 6 Week Session
Written proposal must be approved by Department Chair. Enrollment is restricted.
Supervised Independent Study and Research: Read More [+]

Rules & Requirements

Prerequisites: Upper-division standing

Credit Restrictions: Enrollment is restricted; see the Introduction to Courses and Curricula section of this catalog.

Repeat rules: Course may be repeated for credit without restriction.

Hours & Format

Fall and/or spring: 15 weeks - 0 hours of independent study per week

Summer:
6 weeks - 1-5 hours of independent study per week
8 weeks - 1-4 hours of independent study per week
10 weeks - 1.5-6 hours of independent study per week

Additional Details

Subject/Course Level: Economics/Undergraduate

Grading/Final exam status: Offered for pass/not pass grade only. Final exam not required.

Supervised Independent Study and Research: Read Less [-]

Faculty and Instructors

+ Indicates this faculty member is the recipient of the Distinguished Teaching Award.

Faculty

David Sehun Ahn, Professor. Game theory, decision theory, mathematical economics.
Research Profile

Alan J. Auerbach, Professor. Public policy, public finance.
Research Profile

David Card, Professor. Labor economics.
Research Profile

+ Stefano DellaVigna, Professor. Behavioral economics, applied microeconomics, behavioral finance, media economics.
Research Profile

J. Bradford DeLong, Professor. Economic history, macroeconomics, economic growth, finance.
Research Profile

Aaron S. Edlin, Professor. Industrial organization, law and economics, public economics .
Research Profile

Barry Eichengreen, Professor. Economic history, international economics.
Research Profile

Haluk I. Ergin, Associate Professor. Theory.

Ben Faber, Associate Professor. International trade, development economics.

Joseph Farrell, Professor. Theory, industrial organization.
Research Profile

Frederico S. Finan, Professor. Development economics, political economy.
Research Profile

Cecile Gaubert, Assistant Professor. International trade, economic geography.

Lisa Goldberg, Adjunct Professor.

Yuriy Gorodnichenko, Professor. Macroeconomics, econometrics, international economics, development economics, comparative economics.
Research Profile

Pierre-Olivier Gourinchas, Professor. Macroeconomics, international macroeconomics, finance.
Research Profile

Bryan Graham, Professor. Econometrics, Labor, Development.
Research Profile

Benjamin R. Handel, Associate Professor. Industrial organization, health economics, applied microeconomics, information economics .
Research Profile

Benjamin Hermalin, Professor. Economics of organization, industrial organization, contract theory, corporate governance .
Research Profile

Hilary Hoynes, Professor. Poverty, inequality, economic policy, Social Safety Net, labor economics.
Research Profile

Michael Jansson, Professor. Econometrics.
Research Profile

Shachar Kariv, Professor. Economic theory, experimental economics, behavioral economics .
Research Profile

Supreet Kaur, Assistant Professor. Development economics, behavioral economics, labor economics.

Kei Kawai, Assistant Professor. Industrial organization, political economy.

Patrick Kline, Professor. Labor economics, urban economics, applied econometrics.
Research Profile

Jonathan Kolstad, Associate Professor. Health economics, industrial organization, public economics, applied microeconomics.

+ Ulrike Malmendier, Professor. Corporate finance, behavioral finance, behavioral economics, applied, microeconomics.
Research Profile

+ Edward Andrew Miguel, Professor. Africa, education, development economics, human capital, health, ethnic divisions, social capital, civil conflict, war, pre-analysis plans, water .
Research Profile

Enrico Moretti, Professor. Labor economics, urban economics.
Research Profile

John Morgan, Professor. Theory, industrial organization, contracts.
Research Profile

Emi Nakamura, Professor. Macroeconomics, international macroeconomics, industrial organization, finance.

Maurice Obstfeld, Professor. International economics, macroeconomics, monetary economics .
Research Profile

+ Martha Olney, Teaching Professor. Economic history, macroeconomics, economics of discrimination .
Research Profile

Demian Gaston Pouzo, Associate Professor. Econometrics, macroeconomics.

James L. Powell, Professor. Econometrics, statistical modeling.
Research Profile

Andres Rodriguez-Clare, Professor. International trade, development economics, macroeconomics .
Research Profile

Gerard Roland, Professor. Political economics, comparative and institutional economics .
Research Profile

David H. Romer, Professor. Macroeconomics, monetary economics .
Research Profile

+ Christina D. Romer, Professor. Economic history, macroeconomics.
Research Profile

Jesse Rothstein, Professor. Labor economics, public economics .
Research Profile

Emmanuel Saez, Professor. Public Economics .
Research Profile

Benjamin Schoefer, Assistant Professor. Macroeconomics, labor economics, corporate finance.

Chris Shannon, Professor. Economic theory, mathematical economics .
Research Profile

Joseph Shapiro, Associate Professor. Environmental/Energy, public finance, trade, health.

David Sraer, Associate Professor. Financial economics, behavioral finance, behavioral economics, economics of organization, entrepreneurship.

JÃ³n Steinsson, Professor. Macroeconomics, monetary economics, international economics .

Dmitry Taubinsky, Assistant Professor. Psychology and economics (Behavioral Economics), public economics .

Nick Tsivanidis, Assistant Professor. Urban and Regional Economics, development economics, applied macroeconomics.

Reed Walker, Associate Professor. Environmental economics, public economics, labor economics .

Christopher Walters, Associate Professor. Labor economics, applied econometrics.
Research Profile

Danny Yagan, Assistant Professor. Capital, taxes, labor.

Gabriel Zucman, Assistant Professor. Public economics, inequality, wealth, taxation.

Lecturers

Raymond J. Hawkins, Continuing Lecturer.

Emeritus Faculty

George A. Akerlof, Professor Emeritus. Economics, macroeconomics, poverty, family problems, crime, discrimination, monetary policy, German unification.
Research Profile

Robert Anderson, Professor Emeritus. Finance, probability theory, mathematical economics, nonstandard analysis.
Research Profile

Pranab Bardhan, Professor Emeritus. Poverty, inequality, globalization, political economy, institutional economics, development economics, international economics.
Research Profile

George F. Break, Professor Emeritus (In Memoriam).

Clair Brown, Professor Emeritus. Innovation, management, economics, labor, employment, labor market institutions, semi-conductor industry.
Research Profile

Roger Craine, Professor Emeritus. Economics, exchange rate regime credibility, the agency cost of capital, stochastic-volatility jump-diffusion models, dollarization, monetary policy shocks, security market responses.
Research Profile

Jan De Vries, Professor Emeritus. Economics, demography, history.
Research Profile

Albert Fishlow, Professor Emeritus.

Richard J. Gilbert, Professor Emeritus. Economics, industrial organization, regulation, market power in electricity networks, market structure, organizational structure, and randd diversity, antitrust policy evolution.
Research Profile

Steven Goldman, Professor Emeritus (In Memoriam).

Gregory Grossman, Professor Emeritus (In Memoriam).

Bronwyn H. Hall, Professor Emeritus. Applied econometrics, economics of technical change, economics of innovation, patent policy, RandD value, taxation, financing RandD.
Research Profile

Michael Katz, Professor Emeritus. Antitrust, economics of network industries, intellectual property licensing, privacy, telecommunications policy .

Theodore E. Keeler, Professor Emeritus. Industrial organization, health economics, transportation economics.

Ronald D. Lee, Professor Emeritus. Long-run demographic and fiscal stochastic forecasting, intergenerational transfers, macro consequences of population aging, social security, evolutionary theory of the life cycle, population and economic development .

John M. Letiche, Professor Emeritus (In Memoriam).
Research Profile

Daniel L. Mcfadden, Professor Emeritus. Econometrics.

John M. Quigley, Professor Emeritus (In Memoriam).

Michael Reich, Professor Emeritus. Economics, training, pensions, living wages.
Research Profile

Thomas J. Rothenberg, Professor Emeritus. Economics, econometrics.
Research Profile

Daniel Rubinfeld, Professor Emeritus. Economics, law and economics, antitrust policy, public economics.

Suzanne Scotchmer, Professor Emeritus (In Memoriam).

Carl Shapiro, Professor Emeritus. Business, economics, game theory, licensing, anti-trust economics, intellectual property, economics of networks and interconnection.
Research Profile

Kenneth E. Train, Adjunct Professor Emeritus. Economics, regulation, econometrics, energy, choice modeling.
Research Profile

Laura D'Andrea Tyson, Professor. High-technology competition, US industrial and technology policies, international economy, US trade policy, US competitiveness, emerging market companies, multinational companies in the US economy, gender gap (economic participation, educational attainment, political empowerment and health), research and development tax credit .
Research Profile

Lloyd Ulman, Professor Emeritus (In Memoriam).

Hal Varian, Professor Emeritus. Information technology, economics of information technology.

Benjamin N. Ward, Professor Emeritus. Comparative economic systems, philosophy and methodology of economics.

Oliver E. Williamson, Professor Emeritus. Economics, corporations.
Research Profile

Glenn A. Woroch, Adjunct Professor Emeritus. Economics, privacy, telecommunications policy, antitrust policy, intellectual property protection.

Janet Yellen, Professor Emeritus. Macroeconomics, international economics.

Contact Information

Department of Economics | Main Office

530 Evans Hall

Phone: 510-642-0822

Fax: 510-642-6615

econdept@berkeley.edu

Visit Department Website

Department Chair

David Romer

679 Evans Hall

Phone: 510-642-1785

dromer@econ.berkeley.edu

Undergraduate Chair

Martha Olney, PhD

Phone: 510-642-6083

ugrad@econ.berkeley.edu

Director of Student Services

Patrick G. Allen

543 Evans Hall

Phone: 510-642-0824

pallen@econ.berkeley.edu

Assistant Director of Graduate Student Services

Heather Iwata

541 Evans Hall

Phone: 510-642-6172

gradofc@econ.berkeley.edu

Assistant Director of Undergraduate Student Services

Alicia Mandac

539 Evans hall

Phone: 510-642-6674

ugrad@econ.berkeley.edu

Undergraduate Advisor

Kristian Dawson

539 Evans Hall

Phone: 510-642-6674

ugrad@econ.berkeley.edu

Undergraduate Advisor

Michelle Fong

539 Evans Hall

Phone: 510-642-6674

ugrad@econ.berkeley.edu

Economics

About the Program

Bachelor of Arts (BA)

Declaring the Major

Honors Program

Minor Program

Major Requirements

General Guidelines

Prerequisites

Upper Division Requirements

College Requirements

University of California Requirements

Berkeley Campus Requirement

College of Letters & Science Essential Skills Requirements

College of Letters & Science 7 Course Breadth Requirements

Unit Requirements

Residence Requirements

Senior Residence Requirement

Modified Senior Residence Requirement

Upper Division Residence Requirement

Plan of Study

Accelerated Program Plans

Student Learning Goals

Mission

Learning Goals of the Major

Career & Internship Information

Career Services Overview

Career and Internship Resources

Common Career Paths for Economics Majors

Career Destinations Survey

Sample Career Pathways

Advising

Student Services

Courses

Economics

ECON 1 Introduction to Economics 4 Units

ECON 2 Introduction to Economics--Lecture Format 4 Units

ECON C3 Introduction to Environmental Economics and Policy 4 Units

ECON 24 Freshman Seminar 1 Unit

ECON 84 Sophomore Seminar 1 or 2 Units

ECON 98 Directed Group Study 1 - 4 Units

ECON 100A Economic Analysis--Micro 4 Units

ECON 100B Economic Analysis--Macro 4 Units

ECON 101A Economic Theory--Micro 4 Units

ECON 101B Economic Theory--Macro 4 Units

ECON C102 Natural Resource Economics 4 Units

ECON C103 Introduction to Mathematical Economics 4 Units

ECON 104 Advanced Microeconomic Theory 4 Units

ECON 105 History of Economic Thought 4 Units

ECON 106 Advanced Macroeconomics 4 Units

ECON C110 Game Theory in the Social Sciences 4 Units

ECON N110 Game Theory in the Social Sciences 4 Units

ECON 111 Applied Mechanism Design 4 Units

ECON 113 U.S Economic History 4 Units

ECON N113 U.S Economic History 4 Units

ECON 115 The World Economy in the Twentieth Century 4 Units

ECON 119 Psychology and Economics 4 Units

ECON 121 Industrial Organization and Public Policy 4 Units

ECON 122 Industrial Organization Seminar 4 Units

ECON 123 Government Regulation of Industry 3 Units

ECON 124 Special Topics in Industrial Organization 4 Units

ECON C125 Environmental Economics 4 Units

ECON 131 Public Economics 4 Units

ECON 132 Seminar in Public Sector Economics 4 Units

ECON 133 Global Inequality and Growth 4 Units

ECON 134 Macroeconomic Policy from the Great Depression to Today 4 Units

ECON 135 Economic Growth in Historical Perspective 4 Units

ECON 136 Financial Economics 4 Units

ECON N136 Financial Economics 4 Units

ECON 138 Financial and Behavioral Economics 4 Units

ECON 139 Intermediate Financial Economics 4 Units

ECON 140 Economic Statistics and Econometrics 4 Units

ECON 141 Econometric Analysis 4 Units

ECON C142 Applied Econometrics and Public Policy 4 Units

ECON 144 Financial Econometrics 4 Units

ECON 151 Labor Economics 4 Units

ECON 152 Wage Theory and Policy 4 Units

ECON 153 Labor Economics Seminar 4 Units

ECON 154 Economics of Discrimination 4 Units

ECON 155 Urban Economics 3 Units