To answer these questions, we study Games of Strategies, and explore how lessons learned from such games can guide one's thinking in everyday strategic interactions. BUSN20100. This is a hands-on course in behavioral economics. Examination credit for STAT 22000 will not count toward the requirements for the major. Students must complete four distinct Booth courses: one Foundations in Business Education and three electives. Decision and Strategy. No prerequisites. 100 Units. The course concludes with an examination of recent proposals and initiatives for health care reform. Students may satisfy the MATH15300 Calculus III requirement by placement (based on the Higher-Level Math Test administered by the College prior to Orientation). Instructor(s): G. PietersTerms Offered: Autumn Behavioral Science. 000 Units. The course introduces students to long run growth and business cycle fluctuations and analyzes recent events such as the 2008 financial crisis, Euro-currency crisis and the 2020 pandemic as distinct macroeconomic phenomena. At the end of the course, you will have a suite of research approaches, topics, and methods, to investigate gender differences in a variety of economic outcomes and contexts. Instructor(s): M. GolosovTerms Offered: TBD ECON20100. Cannot enroll in BUSN 20400 if BUSN 35000 Investments taken previously, and vice versa. This course will help students develop an understanding of issues in international macroeconomics that are important for investors and managers operating in the global marketplace. Refer to FAQ webpage for registration and schedule details: https://tinyurl.com/y8wz3oge. Prerequisite(s): This course is not open to MBA students. Decision and Strategy II. Participation in the ECON29800 Undergraduate Honors Workshop is mandatory throughout the year. This course is entirely project-driven. ECON20110. Instead, they must complete basic training in computer science and at least two data science courses in the Department of Economics: Students pursuing the specialization in data science must also complete two electives drawn from the following sets of courses: Students who have entered the specialization in data science but no longer wish to pursue it must completeECON23950 Economic Policy Analysisand the necessary electives to satisfy the requirements of the standard track BA in economics. The Economics of Crime. 100 Units. Note(s): CHDV Distribution: Undergraduate subject area: A, Graduate distribution: 1 The topics are essentially the same as those covered in ECON 21020, but this foundations course in econometrics gives a more systematic introduction to the application of statistical theory to economic applications. Economics for Everyone: Micro. Booth Book Fee may be assessed. This course focuses on micro-econometric methods that have applications to a wide range of economic questions. CMSC 29700. Students use the data of their own experience as input together with a series of written assignments and in-class activities, including discussions, films, simulations, and peer coaching. One three-quarter empirical methods sequence: Any course or sequence of courses that fulfills the general education requirement in the mathematical sciences. Competitive Strategy. 100 Units. Prerequisite(s): ECON 10000/19800/20000/20010 and ECON 10200/19900/20200/20210 3. Cannot enroll in BUSN 20510 if BUSN 36106 Managerial Decision Modeling taken previously, and vice versa. Throughout the class, emphasis will be put on project-driven computational exercises involving large datasets. ECON26920. This course is a continuation of ECON 20000/20010. ECON19100. List, is the recipient of this year's NABE Adam Smith Award. Honors papers should be outgrowths of economics electives or research assistant work for the faculty sponsor. 100 Units. Cannot enroll in BUSN 20820 if BUSN 41203 Financial Econometrics taken previously, and vice versa. ECON21730. Winter What can one learn from a particular data set? Equivalent Course(s): ECON 20780. This core course focuses on understanding levers for structuring, managing, and improving a firm's recurring business processes to achieve competitive advantage in customer responsiveness, price, quality, and variety of products and services. BUSN20810. Topic discussed are: forward and futures contracts; interest rate and currency swaps; option trading strategies; binomial option pricing; the Black-Scholes-Merton option pricing model and extensions; risk management with options; empirical evidence and time-varying volatility; the pricing and hedging of corporate securities (common stock, senior and junior bonds, callable bonds, warrants, convertible bonds, and putable bonds); credit risk; and real options. Instructor(s): A. TorgovitskyTerms Offered: Spring 100 Units. Steven Levitt and John List created this course to make the beauty and power of economic thinking available to everyone. University of Chicago (Booth) 2023 Rankings. 100 Units. Students pursuing the standard economics track and data science specialization may petition to count up to two courses outside of the University of Chicago Department of Economics (whether through a different UChicago department or through a Study Abroad program) toward the economics electives requirement. Topics to be covered include: labor supply and demand, taxes and transfers, minimum wages, immigration, human capital, creativity over the lifecycle and unemployment. BUSN20711. It is expected that students use this perspectives component as a stepping-stone to design a meaningful set of courses that complement their training in business economics. In awarding the honor to Kremer, Abhijit Banerjee, and Esther Duflo, the committee heralded a burgeoning approach to reducing global poverty that involves dividing this issue into smaller, more manageable questions.. Finally, this course presents several measures of consumer welfare. Our goal is to make the beauty and power of economic thinking available to everyone. Equivalent Course(s): ECON 20770. Instructor(s): StaffTerms Offered: Autumn Students will be introduced to simplified theoretical models with which to analyze data, relevant empirical findings, and policy decisions. Principles of Microeconomics. 100 Units. An Earth Day 2022 Reading List. This course covers the single and multiple linear regression model, the associated distribution theory, and testing procedures; corrections for heteroskedasticity, autocorrelation, and simultaneous equations; and other extensions as time permits. Our goal is to allow students to comprehend, develop, and respond to economics arguments when formulating or evaluating public policy. 1. The course examines numerous public policy questions, such as the role of government in funding or subsidizing education, the design of public accountability systems, the design of systems that deliver publicly funded (and possibly provided) education, and the relationship between education markets and housing markets. Winter Explore the forefront of technological problem-solving in our Pathways in Molecular Engineering course. We emphasize topics needed for further study of econometrics in ECON 11020. Instructor(s): S. LevittTerms Offered: Not offered in 2022-2023. The Hanna Holborn Gray Special Collections Research Center. Equivalent Course(s): CHDV 37950, PSYC 37950, PSYC 27950, BIOS 29265, CHDV 27950. It will cover theories of the determination of exchange rates and interest rates, the management of foreign exchange risk, international capital flows, debt and currency crises, international monetary and exchange rate regimes, the roles of the international financial institutions in developing countries, and other characteristics of international financial markets. Instructor(s): Faculty TBDTerms Offered: TBD 100% of our research impact has been classed 'outstanding' or 'very considerable' (REF 2021, combining 4* and 3* submissions - Business and Management Studies, and Anthropology and Development Studies). 100 Units. ECON20000. This course will provide an introduction to social choice, two-sided matching, house allocation, school choice, and the recent theoretical developments in kidney exchange. University of Chicago If designed and managed properly, these networks can be a crucial source of competitive advantage for both manufacturing and service enterprises. acsa@lists.uchicago.edu. Petitions should be submitted prior to course enrollment. Cannot enroll in BUSN 20620 if BUSN 37105 Data Science for Marketing Decision Making taken previously, and vice versa. Prerequisite(s): ECON 20200/20210 and ECON 21020/21030. 100 Units. Finally, this course presents several measures of consumer welfare. Terms Offered: TBD 100 Units. Familiarity with a statisical package such as R or Stata, and a programming language such as Matlab, Python, Julia, Fortran or C is highly recommended. Students must complete one microeconomics methods course and one macroeconomics methods course from the lists below: Student may count either ECON 10700 or ECON 20700, but not both, toward the 42 credits required for graduation. All first year College students are restricted from enrolling into this course. BUSN20600. How high should we set taxes? Instructor(s): B. BrooksTerms Offered: TBD Instructor(s): A. Torgovitsky, E. RoseTerms Offered: Spring Material will be presented in both discrete and continuous time. In exceptional cases, students may petition for an outside course to count as an elective by submitting a general petition along with a syllabus of the course for the Co-Directors to review. Option A: Three-Quarter Empirical Methods Sequence. Instructor(s): H. UhligTerms Offered: Autumn 100 Units. The first part of this course discusses markets with one or a few suppliers. How do firms behave when they possess market power but also face competition? All first year college students are restricted from enrolling into this course. All first year college students are restricted from enrolling into this course. Cannot enroll in BUSN 20150 if BUSN 30130 Financial Statement Analysis taken previously, and vice versa. All first year college students are restricted from enrolling into this course. Students who complete more than one of the above courses may apply the additional courses to satisfy the economics elective requirements. We believe the best way to do that is to build something yourself, using modern languages and workflows. A LOT of books. All first year Instructor(s): StaffTerms Offered: Winter Students learn how to evaluate the impact of taxes and subsidies using these measures. This two-week program will provide an introduction to UChicago-style, rigorous economics education; it is open only to approved visiting third-year students from Universidad Panamericana. Prioritize features more intelligently by developing a better feel for their costs. Nonetheless, shortfalls from full rationality seem not to be uncommon, and are themselves, to some extent, systematic. Several models are presented and discussed, covering a wide range of topics, including parental altruism, education, bequests, health, fertility, support in old age, income inequality, intergenerational transmission of wealth, specialization, division of labor, and economic growth. Physical Sciences. ECON11020. An explanation of the components of each course entry follows. Prerequisite(s): ECON 20100/20110 ECON, ECMA, and Chicago Booth (BUSN) courses may not be used to satisfy the perspectives requirement. As an alternative, and in honor of our reading extravaganza today, Id like to also recommend Matilda by Roald Dahl (no, I didnt read it for a class at UChicago, but its important to seek out reading on your own, too). Prerequisite(s): ECON 20100/20110; ECON 21010, or STAT 23400/24400/24410 and MATH 19620 (or MATH 20000 or STAT 24300 or MATH 20250). This program may accept a BA paper or project used to satisfy the same requirement in another major if certain conditions are met and with the consent of the other program chair. 100 Units. For summaries of requirements for the BA in economics (Tracks A and B), see below. 2018-12-27. John A. ECON29800. Labor Economics. Possible English or Art History Major. 100 Units. ECON17110. International Monetary Systems. Household Finance: Theory and Applications. Once she became too old to for roles where she'd play a child, she decided to go back to school. Refer to FAQ webpage for registration and schedule details: https://tinyurl.com/y8wz3oge. Topics include the theory of time allocation, the payoffs to education as an investment, detecting wage discrimination, unions, and wage patterns. Note(s): Student may count only one of [ECON 10700 or ECON 20700 or ECON 20770/ECMA 30770] toward the 42 credits required for graduation. 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