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ECON 400: Advanced Topics in Microeconomics
5.00 Credits
University of Washington-Seattle Campus
Application of calculus to microeconomics. Development of comparative statics used in production and consumption theory, including derivation of the Slutsky equation and duality results.
Prerequisite:
2.0 in ECON 300; either MATH 124, MATH 127, MATH 134, or MATH 145; recommended: MATH 126 and 2.5 in ECON 300.
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ECON 400 - Advanced Topics in Microeconomics
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ECON 401: Advanced Topics in Macroeconomics
5.00 Credits
University of Washington-Seattle Campus
Application of mathematics to macroeconomics. Possible topics include economic dynamics and growth, rational expectations, real business cycle models, and New Keynesian approach.
Prerequisite:
2.0 in ECON 301; either MATH 126, MATH 129, or MATH 136; recommended: 2.5 in ECON 301.
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ECON 401 - Advanced Topics in Macroeconomics
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ECON 402: Microeconomics: Methods and Applications
5.00 Credits
University of Washington-Seattle Campus
Generalizations and extensions of the course models of competition and monopoly taught in ECON 300. Topics include: factor markets and effects of monopoly power; game theory and oligopoly theory; decision making over time; uncertainty and under asymmetric information; contracts and incentives.
Prerequisite:
2.0 in ECON 300.
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ECON 402 - Microeconomics: Methods and Applications
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ECON 403: The Economics of Property Rights
5.00 Credits
University of Washington-Seattle Campus
Property rights as an economic concept. Delineation of rights as a subject of optimization. Formation of contracts to maximize the value of personal property. Formation of organizations to induce efficient use of resources and minimize losses to public domain.
Prerequisite:
2.0 in ECON 300; recommended: two 400-level microeconomics classes.
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ECON 403 - The Economics of Property Rights
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ECON 404: Industrial Organization and Price Analysis
5.00 Credits
University of Washington-Seattle Campus
Analysis of firm behavior in imperfectly competitive markets. Topics include monopoly, oligopoly, product differentiation, entry deterrence, and the role of asymmetric information. Game theoretic tools and empirical evidence used to analyze topics.
Prerequisite:
ECON 300
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ECON 404 - Industrial Organization and Price Analysis
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ECON 406: Undergraduate Seminar in Economics
5.00 Credits
University of Washington-Seattle Campus
Provides undergraduate student an opportunity to apply the tools of economic analysis in a critical examination of theoretical and empirical work. A list of topics is available in the departmental office.
Prerequisite:
ECON 200
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ECON 406 - Undergraduate Seminar in Economics
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ECON 407: Development of Economic Thought
5.00 Credits
University of Washington-Seattle Campus
From the early modern period to the present. The main subjects treated are Adam Smith and the classical school, Karl Marx, the neoclassical reformulation and its critics, the impact of J. M. Keynes, and the evolution of economics in the twentieth century.
Prerequisite:
2.0 in ECON 300.
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ECON 407 - Development of Economic Thought
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ECON 409: Undergraduate Seminar in Political Economy
5.00 Credits
University of Washington-Seattle Campus
Marxian and public choice approaches to political economy. Explores the questions raised by each approach, the assumption(s) and testability of hypotheses, and applies these approaches to a number of problems in political economy. Recommended: ECON 300; POL S 270. Offered: jointly with POL S 409.
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ECON 409 - Undergraduate Seminar in Political Economy
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ECON 421: Money, Credit, and the Economy
5.00 Credits
University of Washington-Seattle Campus
Role of money and the banking system in the United States economy. Relation of money to inflation, interest rates, and business fluctuations. Monetary policy and Federal Reserve System.
Prerequisite:
2.0 in ECON 301.
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ECON 421 - Money, Credit, and the Economy
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ECON 422: Investment, Capital, and Finance
5.00 Credits
University of Washington-Seattle Campus
Intertemporal optimization: consumption and portfolio allocation decisions of households, investment and financing decisions of firms. Introduction to financial decisions under uncertainty. Portfolio theory, asset pricing, options, and futures. Financial market institutions and efficiency.
Prerequisite:
2. 0 in ECON 300; either ECON 311, STAT 311, MATH 390, STAT 390, or QMETH 201.
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ECON 422 - Investment, Capital, and Finance
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