For more information, consult with juliew@uchicago.edu. Instructor(s): Faculty TBDTerms Offered: TBD Students will read within the diverse, but fluid, genre of "campus novels" and these readings may include Stover at Yale by Owen Johnson, This Side of Paradise by F. Scott Fitzgerald, Stoner by John Williams, The Secret History by Donna Tartt, and Japanese by Spring by Ishmael Reed. Prerequisite(s): ECON 20100/20110 ECON21031. Instructor(s): J. McKinneyTerms Offered: Spring In the first part we will study topics such as the existence of a monetary economy, inflation, and the inflation tax, the Phillips curve, and the real effects of money, liquidity risks and the role of money. akpsifallrush2019@lists.uchicago.edu. Worse, we often fail to mark our own failures in ways that could help us improve ourselves. Investments (BUSN 20400 or 35000) strongly recommended. Students will be expected to solve programming assignment in R. Instructor(s): T. LamadonTerms Offered: Winter What techniques are best adapted to addressing these potential biases in the data? Equivalent Course(s): ENST 21800, LLSO 26201. All first year college students are restricted from enrolling into this course. Instructor(s): J. McKinneyTerms Offered: Autumn Honors papers should be outgrowths of economics electives or research assistant work for the faculty sponsor. This theory characterizes optimal choices for consumers given their incomes and preferences, as well as the relative prices of different goods. Prerequisite(s): This course is not open to MBA students. Prerequisite(s): ECON 20100 or 20110. Find a comfy chair and a blanket, make yourself a cup of hot cocoa, and get ready to do some reading! Specific topics include basic concepts of financial statement analysis, revenue recognition, leasing, financial analysis when there is discontinuity (acquisitions, divestitures, accounting changes), accounting for income taxes, earnings per share. This course develops, critically assesses, and applies theories of pricing derivatives. List. Prerequisite(s): ECON 10000/20000/20010 and STAT 22000/23400/24400/24410/ECON 21010. Emphasis will be placed on developing effective programming and research practices. Cannot enroll in BUSN 20510 if BUSN 36106 Managerial Decision Modeling taken previously, and vice versa. We look at how the general equilibrium framework in economics gives rise to the factor pricing models in finance, the no-arbitrage framework in economics gives rise to the option pricing models in finance, and the Nash equilibrium framework in economics gives rise to the microstructure trading models in finance. Instructor(s): J. DecetyTerms Offered: Autumn Particular attention is given to discounted cash flow valuation, including the methods of weighted average cost of capital (WACC) and adjusted present value (APV). The objective of the course is to train students with analytical tools in macroeconomics so that they can understand, analyze, and evaluate various policies and policy proposals. Previous stats background helpful. ECMA31320. The course will involve analytically and computationally intensive assignments and a significant empirical project component. Prerequisite(s): This course is not open to MBA students. In the second part, we examine and analyze a simple, yet powerful stochastic dynamic real business cycle model. Prerequisite(s): Prerequisites for Undergraduates: ECON 21020 OR ECON 21030. . The remaining ECON elective must be completed with the UChicago Department of Economics. Participants will also develop skills that will prepare them for further graduate study or other professional pursuits, such as interviewing, networking, and academic and professional communications. Winter MATH 18000s: Students who are interested in double majoring with a physical sciences major (chemistry, biochemistry, physics, astrophysics, molecular engineering, and/or statistics) may use the Math 18000s to satisfy the calculus and linear algebra requirements of the economics major. Elements of Economic Analysis IV. Prerequisite(s): ECON 10200/20200/20210. This course is designed for a beginner who has never programmed before. We've curated more than 400 of our best new and bestselling books as part of our annual Reading promotion! Instructor(s): R. Shimer Choosing Leadership. Terms Offered: TBD Winter 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. Prerequisite(s): ECON 10200/ECON 19900/ECON 20200/ECON 20210. All Prerequisite(s): All first year college students are restricted from enrolling in this course; new transfer students ok. BUSN20330. He received his B.S. Theory of Auctions. Instructor(s): F. TintelnotTerms Offered: Winter Prerequisite(s): ECON 20100/20110 and ECON 21020/21030. A team of 4 students will be assigned with an innovative idea that addresses a social problem and could become a (for-profit or non-profit) social venture. First, we will review the significant reforms that happened in China in the past four decades, which fundamentally reshaped the modern China as we see today. 1126 E. 59th Street, Chicago, IL 60637 (773) 702-5079 economics@uchicago.edu Website Chicago, IL Explore Map English Program and Specialty rankings # 3 in English (tie) # 6 in 18th Through. Instructor(s): StaffTerms Offered: Autumn ECON28100. We will end with taking a historical and big-picture perspective of development. Economic Analysis of Law. Issues and Methods in Macroeconomics. Students are required to take two economics electives from the University of Chicago Department of Economics. For anthropology graduate students at the University of Chicago. Lacking an understanding of how software works and how software is built puts you at a disadvantage. Instructor(s): D. Pope; A. ImasTerms Offered: Spring This course explores how evolutionary biology and behavioral economics explain many different aspects of human behavior. Reading List General Note: The special topic that will be considered this semester is governmental price fixing. This course explores the big ideas in macroeconomics in a way that is enjoyable and accessible, with minimal reliance on mathematics. The topics we cover include both contemporary and classical issues such as tax incidence and distortions, optimal taxation, inflation, monetary policy, patterns and benefits of trade, and exchange rate determination. ECMA30800. The emphasis is managerial and entrepreneurial, essentially a working model for starting an enterprise. For summaries of requirements for the BA in economics (Tracks A and B), see below. Booth Book Fee may be assessed. Note(s): Study Abroad. Principles of Macroeconomics. Among other examples, we will consider consumer database mining, internet and social media tracking, network analysis, and text mining. Complete info below for one or more courses to view the required and recommended course materials. Booth Book Fee may be assessed. Familiarity with fundamental game theoretical ideas like the strategic and extensive games, the Nash Equilibrium, and the Subgame Perfect Equilibrium is essential and assumed. Grade will be determined by reports and quality of lab work. ECON13000. Refer to FAQ webpage for registration and schedule details: https://tinyurl.com/y8wz3oge. Introduction To Finance. All first year College students are restricted from enrolling into this course. This requires that students gain familiarity with basic statistics and basic econometric methods. This course provides a comprehensive introduction to widely used quantitative methods in sociology and related social sciences. Instructor(s): F. AlvarezTerms Offered: Spring Spring BUSN20610. ECON15010. 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. Stigler, 1973 - Economics in the Rear-View Mirror. Refer to FAQ webpage for registration and schedule details: https://tinyurl.com/y8wz3oge. It must be completed and returned to the College adviser by the end of Autumn Quarter of the student's year of graduation. Contacts | Program of Study | BA in Economics: Standard Track (Track A and Track B) | Program Requirements, Standard Track (Track A and Track B) | Sample Programs for Tracks A and B | BA in Economics with Specialization in Business Economics | BA in Economics with Specialization in Data Science | Summaries of Requirements | Grading | Honors | Preparation for PhD Programs in Economics | Application to BA/MA Programs | Economics Courses | Economics Master's (ECMA) Courses | Business Economics Courses, Department Website: http://economics.uchicago.edu. 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). Petitions must be submitted prior to course enrollment to be considered. 100 Units. ECMA31130. 100 Units. ECMA33620. Instructor(s): N. StokeyTerms Offered: Autumn Equivalent Course(s): GNSE 22520. All first year college students are restricted from enrolling into this course. Prerequisite(s): ECON 10000/20000/20010 The course is appropriate for advanced undergraduates who are interested in a rigorous mathematical approach to understanding human behavior. Prerequisite(s): Prerequisite for Undergraduates: Econ 21030 or Econ 21110 or Econ 21130 or ECMA 31000 or ECMA 31130. Students must complete four distinct Booth courses: one Foundations in Business Education and three electives. 100 Units. 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. 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. Published continuously since 1907. Theoretical points include externalities, public goods, common-property resources, valuing resources, benefit/cost analysis, and risk assessment. Refer to FAQ webpage for registration and schedule details: https://tinyurl.com/y8wz3oge. Its a delightful story of a young girl whose love of reading leads to her developing fantastical powers. 100 Units. We will also work with supplemental disclosures, which help the analyst to interpret the financial statements and to understand better the economic transactions that gave rise to them. It is important to emphasize that there are many courses across the University that students can use to satisfy the perspectives requirement. Heavy emphasis will be placed on discussion of real examples and business applications of these methodologies. One study abroad course may be petitioned to count toward the Perspectives requirement, and one study abroad course may be petitioned to count toward the ECON elective requirement. Equivalent Course(s): PBPL 28670. Note(s): Students may count either ECON 20510 or ECON 20520, but not both, toward the 42 credits required for graduation. Helping to establish the experimental method in development economicsearned Kremer a share of the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Prerequisite(s): This course is not open to MBA students. It provides practical advice about the trade-offs researchers face when selecting topics to study, the type of randomization technique to use, the content of a survey instruments, analytical techniques and much more. This course develops tools for analyzing how these optimal choices change when relative prices and consumer incomes change. Plunder and Blunder offers a look at the causes of the housing bubble that precipitated the 2001 and 2007 market crashes. The course focuses on monetary policy and central bank's attempts to stabilize prices and promote maximum sustainable economic growth. Focus will also be placed on government policies affecting these topics, including so-called household financial engineering, the creation of Government Sponsored Enterprises (GSEs) like "Fannie" and "Freddie," and regulatory agencies like the Consumer Financial Protection Bureau (CFPB). Upon completion of the paper in the Spring Quarter, the student will then be retroactively registered for the course in the fourth-year quarter of the student's choosing. Students will be emailed if they are enrolled into or waitlisted for the course. 100 Units. [link] Hall, S. (2010). This course provides an overview of the structures, strategy frameworks, and management tools employed by social sector organizations to ensure that they deliver on the impact they seek. 100 Units. All first year college students are restricted from enrolling into this course. Previous recipients of the award include Karl Brunner, George J. Stigler, James M. Buchanan, Milton Friedman, and Gary S. Becker, among others. Decision and Strategy II. Prerequisite(s): ECON 20200 (or ECON 20210) and MATH 20300 (or MATH 20310 or MATH 20700). Instructor(s): J. HardwickTerms Offered: Winter Students should read the complete narrative descriptions because the summary eliminates essential information. Topics include pollution, global climate change, energy use and conservation, recycling and waste management, endangered species and biodiversity, nonrenewable resources, congestion, economic growth and the environment, and equity impacts of public policies. Details about each sequence are below. Crony Capitalism. The objective of the course is to train students with analytical tools in macroeconomics so that they can understand, analyze, and evaluate various policies and policy proposals. ECON20780. Note(s): CHDV Distribution: Undergraduate subject area: A, Graduate distribution: 1 While students with a multitude of interests will benefit from this course, students with an interest in investment banking, equity or credit analysis, consulting, strategy, corporate finance, or management will find this course particularly relevant. Instructor(s): J. RootTerms Offered: Autumn Topics include the structure of the Federal Reserve, the conduct of monetary policy, the term structure of interest rates, risk valuation, management of banking, and financial crises. Grading will be based weekly project. Students in this course will learn about the fundamental theories of distributive justice, theory of measures of mobility and persistence, empirical evidence on intergenerational mobility, theories of intergenerational mobility. ECON20700. Data Driven Marketing. 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. Topics covered include ARMA models, volatility models (GARCH), factor models, models for time varying correlations, analysis of panel data, cointegration models for long-run co-movement between prices and models for transactions data and the analysis of transactions cost. What is my definition of leadership? Suggested Reading List | Center for Practical Wisdom | The University of Chicago Suggested Reading List Wisdom tools & measures A selection of wisdom based readings Topics in wisdom General Haidt, J. Prerequisite(s): ECON 21020 or ECON 21030. ECON29300. A wide range of topics is examined, including behavioral synchrony, friendship, cooperation, social decision-making, social status and hierarchies, empathy, group affiliation and identity, social influence, etc. The first part of the course examines the demand for health and medical and the structure and the consequences of public and private insurance. 100 Units. How can I add value by creating meaning? One three-quarter empirical methods sequence: Any course or sequence of courses that fulfills the general education requirement in the mathematical sciences. Other topics may include nonlinear models, panel data, quantile regression, time series, the bootstrap, and nonparametric regression. University of Chicago scholars have played a major role in the development of many academic disciplines, including economics, law, literary criticism, mathematics, physics, religion, sociology, and political science, establishing the Chicago schools in various fields. This course focuses on the description, pricing, and hedging of basic derivative claims on financial assets. Option B: The two-quarter empirical methods sequence is comprised of a course which combines the basic material in linear algebra and statistics that is utilized in many economic applications, and a course in econometrics. Prerequisite(s): ECON 20100/20110 and ECON 21020/21030. Cannot enroll in BUSN 20900 if BUSN 42001 Competitive Strategy taken previously, and vice versa. How do you know what sets of tools will be "right" for the job? Be able to make and test small changes to an app yourself. The Elements of Economic Analysis I-II-III-IV. Students who get into University of Chicago score in the top 1 percent of all SAT test takers.. BUSN20520. The course will be taught in R and STATA. It spans diverse species and disciplines (evolution, neuroscience, psychology, behavioral economics, political science). 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