We will demystify some of the major macroeconomic questions of our times: Why is there unemployment? We will take a primarily micro-economic perspective on poverty which focuses on individuals, households, markets, and governments. All first year college students are restricted from enrolling into this course. This course introduces students to the key tools of econometric analysis: Probability theory, including probability spaces, random variables, distributions and conditional expectation; Asymptotic theory, including convergence in probability, convergence in distribution, continuous mapping theorems, laws of large numbers, central limit theorems and the delta method; Estimation and inference, including finite sample and asymptotic statistical properties of estimators, confidence intervals and hypothesis testing; Applications to linear models, including properties of ordinary least squares, maximum likelihood and instrumental variables estimators; Non-linear models. Topics include long-run growth and dynamic fiscal policy (Ricardian equivalence, tax smoothing, capital taxation), labor market search, industry investment, and asset pricing. We will study models of how individuals make decisions, and how those decisions are shaped by strategic concerns and uncertainty about the world. In this course, we will explore these big economic ideas, without the math. The highest ranked major at the school is international . Topics include duration models, regressions with a large number of covariates, non-parametric regressions, and dynamic discrete choice models. What's the big deal about government debt? ECMA35550. Equivalent Course(s): PPHA 35561, ECON 35550. Once developed, the framework is applied to a variety of business settings. 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). Non-majors may take economics courses on a P/F basis; only grades of C or higher constitute passing work. On behalf of everyone here at UChicago Admissions, we hope that you and your family are doing well and staying healthy. While the asterisks in the following reading list probably indicate the subset of required course readings, the list in its entirety may be considered George . Published continuously since 1907. In this course, we will bring work in neo-Aristotelian ethics and neo-classical economics into conversation with empirical work from behavioral economics and behavioral ethics, to read, write, talk, and think about cultivating wisdom in our economic dealings. Evolution and Economics of Human Behavior. Booth Book Fee may be assessed. 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. Students who complete the empirical methods component with the two-quarter sequence must complete five economics electives. These rules imply that at most two courses completed outside the University of Chicago Department of Economics may be used to satisfy the elective requirements of the major. 100 Units. Instructor(s): A. Sanderson, G. PietersTerms Offered: Autumn Instructor(s): K. KuevibulvanichTerms Offered: Autumn Prerequisite(s): Econ 10200/19900/20200/20210 This course is not open to MBA students. This course covers economic theories and topical issues in money and banking. Honors papers should be outgrowths of economics electives or research assistant work for the faculty sponsor. 100 Units. Co-Director Undergraduate ProgramVictor LimaSHFE 105773.834.6672Email, Co-Director Undergraduate ProgramKotaro YoshidaSHFE 013773.834.7839Email, Student Affairs AdministratorJulie WongSHFE 106773.834.6672Email, University Registrar ECON28000. Cannot enroll in BUSN 20800 if BUSN 41201 Big Data taken previously, and vice versa. Instructor(s): T. LamadonTerms Offered: Winter It will focus on developing techniques for analyzing such models graphically, analytically, and computationally. ECON26040. Finally, we cover some major topics in behavioral economics. There is a mountain of evidence suggesting that most of us fail to live up to our own standards. can be translated across contexts. MATH 13000s: Students must complete MATH13300 Elementary Functions and Calculus III prior to enrolling in ECON20000 The Elements of Economic Analysis I. Located in the Hyde Park neighborhood, we benefit from the diversity, arts, and vibrant culture of our South Side community. Prerequisite(s): This course is not open to MBA students. Prerequisite(s): PBPL 20000 or ECON 20000 and one undergraduate course in quantitative research methods (Statistics or Econometrics) or the equivalent or consent of the instructor Instructor(s): M. GolosovTerms Offered: TBD The topics covered include additional applications of linear regression to descriptive and causal inference. Decision and Strategy. Students also gain an understanding of strategies for hedging of the risks inherent in holding these derivative claims. Option A: Three-Quarter Empirical Methods Sequence. This course introduces the basic ideas and applications of game theory. The techniques we will employ will be useful for both equity and credit analysis. The University of Chicago Magazine (ISSN-0041-9508) is published quarterly by the University of Chicago in cooperation with the Alumni Association. Instructor(s): J. The topics covered in this sequence will lay the foundation for further quantitative training in the major. McKenna, C. (2006). Note(s): *This course does not apply toward economics major requirements. This requirement is intended to facilitate the acquisition of sector-specific knowledge and/or job-specific skills that are likely to provide context for the economics and business training to which students will receive exposure while completing the specialization business economics. 100 Units. 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. Throughout, our focus will be on the implications for fiscal and monetary policy. This course uses theoretical and empirical economic tools to analyze a wide range of issues related to criminal behavior. This course involves the application of the choice theory of economics to the opportunities obtainable within different legal environments. All first year college students are restricted from enrolling into this course. Winter This course analyzes the role played by corporate governance, wealth inequality, regulation, the media, and the political process in general in producing these deviations. A working knowledge of operations is also indispensable to those interested in marketing, finance, and accounting, where the interface between these functions and operations is critical. 01 Division Street by Studs Terkel. 100 Units. Courses in the University of Chicago Booth School of Business. Topics include a summary of recent experimental findings and details on how to gather and analyze data using experimental methods. Finally, this course presents several measures of consumer welfare. Choosing Leadership. Note(s): CHDV Distribution: Undergraduate subject area: A, Graduate distribution: 1 Prerequisite(s): ECON 20100/20110 and ECON 21020/21030. Anna Chlumsky. We discuss contemporary topics (e.g., distribution of income, the environment, education, sports, health care). Big Data Tools in Economics. The course, which requires only basic knowledge of economics, welcomes undergraduates. For an earlier posting I transcribed a core list of references for the course on mathematical economics, Economics 402, taught by Henry Schultz at the University of Chicago during the Spring quarter, 1932. College Admissions ECON26920. ECON21830. Decision and Strategy II. Booth Book Fee may be assessed. Managing in Organizations. List joined the UChicago faculty in 2005, and served as Chairman of the . All courses approved for Architectural Studies credit should meet these criteria: (1) the subject matter should include some attention to design elements of buildings, cities, or landscapes, real or imagined, (2) the assignments must allow the student to study some aspect of the built environment as outlined above. Multi-unit auctions are also analyzed with an emphasis on Vickrey's auction and its extension to the interdependent-value setting. These two introductory courses are designed for students with limited or no prior course work in economics. We believe the best way to do that is to build something yourself, using modern languages and workflows. These courses introduce theory but emphasize the application of these tools to standard problems that students are likely to encounter as they carry out their professional activities. Prerequisite(s): Econ 10200/20200/20210 Today, Ill be walking you through some of my favorite reads from my time here at UChicago. Spring Plan for this retroactive registration with your College adviser. BUSN20940. Business Ethics. Cannot enroll in BUSN 20101 if BUSN 30001 Cost Analysis and Internal Controls taken previously, and vice versa. Instructor(s): R. GlennersterTerms Offered: Autumn In the second part of the class, students will learn about unsupervised techniques for extracting actionable patterns from data. 100 Units. Prerequisite(s): ECON 21020 or ECON 21030 For example, if a student completes two courses as part of a Study Abroad program, then the student has met the cap of the two outside electives and must complete the remaining elective requirements in the University of Chicago Department of Economics. 100 Units. Students may use the standard or honors sequence to satisfy this requirement. Booth Book Fee may be assessed. It is tactical, hands-on, and covers the nuts and bolts of starting a company with a lesser emphasis on investing in entrepreneurial ventures. The Elements of Economic Analysis III. The COVID-19 pandemic has made things a bit chaotic in the world right now and we want to be here to support you in any way we can. Students are required to write short papers applying the models presented in the course to real-world situations in the context of business. The course applies microeconomics (including elements of price theory, game theory, and industrial organization) to analyze decisions firms face in business environments. Refer to FAQ webpage for registration and schedule details: https://tinyurl.com/y8wz3oge. 100 Units. Prerequisite(s): ECON 20100 or 20110. The supply chain of a firm is critical to its performance. This course is entirely project-driven. This course develops tools for analyzing how these optimal choices change when relative prices and consumer incomes change. Grading will be based weekly project. Students will learn how to model and interpret complicated `Big Data' and become adept at building powerful models for prediction and classification. Approval from both program chairs is required. The course is designed to provide the tools necessary to conduct a reasonably sophisticated financial statement analysis. Those who wish to begin it during their first year must demonstrate competence with the fundamental skills needed in that sequence in the following ways: In the modern economy, quantitative methods are highly valued skills. Federal Reserve Bank of Chicago: Economist: Health Economics/Labor Economics/Public Economics: 2016-2017: WorldQuant: Economist: Microeconomic Theory: 2016-2017: US . 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. Instructor(s): F. TintelnotTerms Offered: Winter Prerequisite(s): ECON 20100/20110 The program in economics is intended to equip students with the basic tools to understand the operation of a modern economy: the origin and role of prices and markets, the allocation of goods and services, and the factors that enter into the determination of income, employment, and the price level. 100 Units. This course addresses the measurement, explanation, and consequences of government activity including tax systems, expenditure programs, and regulatory arrangements. Introduction to Econometrics. The specialization in business economicsis organized around the fundamental economic theory and empirical methods that students interested in pursuing careers in the private sector, the non-profit sector, and the public sector (among others) will find useful. This course is a continuation of ECON 20000/20010. The course will start by developing the "Economic Approach" as the basic tool for analysis in economics. The remaining ECON elective must be completed with the UChicago Department of Economics. ECON20000-20100-20200-20300. 2023 Rankings. Prerequisite(s): ECON 20000 or 20010. ECON10000. The award is presented "based upon leadership in the profession and the application of economic principles and knowledge in the workplace and policy arenas." Instructor(s): F. AlvarezTerms Offered: Spring Booth Book Fee may be assessed. Prerequisite(s): ECON 10000/20000/20010 and STAT 22000/23400/24400/24410/ECON 21010. The Booth Registrar's Office will coordinate with instructors to issue early final grades for graduating students in College-level Booth courses. This course analyzes the economics of health and medical care in the United States with particular attention to the role of government. Students must take five electives to complete the specialization in business economics: three from the University of Chicago Booth School of Business, as defined below, and two from the University of Chicago Department of Economics. ECON20200. Note(s): Not offered in Autumn of the 2020-21 academic year. 100 Units. Behavioral Development Economics (Undergraduate) 100 Units. The economic policy requirement provides students the opportunity to apply methods and tools taught in the economics core sequence to analyze current issues centered around monetary and fiscal policy. You cannot travel or read the news without wondering why differences in standards of living among countries are so large. How do you quantify difficult to measure outcomes such as women's empowerment or ensure people are providing truthful answers when you are asking questions on sensitive topics like sexual health? This course offers the financial theory and quantitative tools necessary for understanding how stock, bond, and option prices are determined, and how financial assets are used for investment decisions. Get the latest updates on new releases, special offers, and media highlights when you subscribe to our email lists! Prerequisite(s): ECON 10700 or ECON 20100 or ECON 20110 or ECON 20700 How can you best communicate the insights you glean from the data? This course is intended to address this development by providing the scientific knowledge of human thought and behavior that is critical for successfully managing others, and also for successfully managing ourselves. Instructor(s): A. AdukiaTerms Offered: Winter One three-quarter empirical methods sequence: Any course or sequence of courses that fulfills the general education requirement in the mathematical sciences. 100 Units. The first part of the course covers methods used to value investment opportunities. ECON, ECMA, and Chicago Booth (BUSN) courses may not be used to satisfy the perspectives requirement. This course extends the analysis from ECON 20100, with a focus on understanding the way firms make decisions and the effects of those decisions on market outcomes and welfare. University of Chicago (Booth) 2023 Rankings. Contact juliew@uchicago.edu for appointments. Students wishing to qualify for honors should (1) engage in preparatory course work in the area of interest no later than Spring Quarter of their third year and (2) consult with the program advisers no later than Winter Quarter of their third year. Students must complete MATH15300 Calculus III prior to enrollment in ECON20200 The Elements of Economic Analysis III. Prerequisite(s): BUSN 20600 or BUSN 37000 required prereq. University Presses like Chicago are committed to making available works that not only keep us informed but also help us to better understand the world. Students may not receive credit for both Econ 13000 and Econ 23950 toward the 42 degree credits. This weekly post will offer encouragement, positive insights into the UChicago community, and some general college admissions tips. This course also includes some elementary general equilibrium theory and welfare economics. Find out more about the University of Reading's Department of Economics, including our courses, facilities, reasons to study with us and teaching methods and more. Study groups of 4-5 students will work on exercises and brief in-class presentations using tools from lectures. Unpublished titles can be preordered; your credit card will not be charged for those titles until the books actually ship. Students learn how to evaluate the impact of taxes and subsidies using these measures. 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. Most students begin the core curriculum in their second year. Instructor(s): A. Torgovitsky, E. RoseTerms Offered: Spring This is a hands-on course in behavioral economics. [link] Hall, S. (2010). Ph: 773-702-7891 Instructor(s): J. McKinneyTerms Offered: Spring ECON14020. The economics BA thesis is not a requirement for successful completion of the undergraduate economics major. It was also made into a pretty awesome movie, which you can rent here or watch here by linking to your TV provider. Topics include models of games in extensive and strategic form, equilibria with randomization, signaling and beliefs, reputation in repeated games, bargaining games, investment hold-up problems, and mediation and incentive constraints. Key topics include inter- and intra-firm coordination, incentive design, the impact of uncertainty, and the role of information technology. Behavioral Science. Topics will include: asset market participation and household portfolio choice; human capital and student loans; housing and mortgages; retirement planning; credit card debt; payday loans; and the gig/sharing economy. Instructor(s): StaffTerms Offered: Autumn Instructor(s): R. AdaoTerms Offered: Spring ECON21800. Terms Offered: TBD Introduction to Statistical Methods in Economics. BUSN20820. Many companies (especially "lean startups") are purely software-based. The field of economics has generated a powerful set of insights which have fundamentally shaped the modern world. Chicago is not only in our name, it's woven into the fabric of this institution. ECON25520. The BUSN 3XXXX-level (and higher) courses will be subject to Chicago Booth's academic and administrative policies. For each topic we will then examine empirical applications of these models with a focus on middle and low-income countries. Most of the examples will be taken from U.S. labor data and special attention will be given to randomized trials and experimental methods to infer causality. Students should consult early in the first year with the Department of Economics Undergraduate Program to design a curriculum that satisfies their professional goals. Fax: 773-702-3562. Equivalent Course(s): ECMA 30770. Managerial Decision Making. It can also subject companies to negative publicity or political pressure, which affects both how they are regulated and how well they attract employees, customers and partners. We study identification, estimation, and inference in both parametric and non-parametric models and consider aspects such as consistency, bias and variance of estimators. ECON14000. Unlike standard econometrics courses, this class emphasizes hands-on work with actual data sets rather than the development of sophisticated tools and techniques (which are also useful, you just won't learn them here!). Throughout the course, I draw heavily on real business examples and use cases to illustrate the application of the techniques and tools. The New Economics of Debt and Financial Fragility, The Troubling Rise of Financiers in US Higher Education, The Economics of Immigration in an Age of Fear, Market Monetarism, the Great Recession, and the Future of Monetary Policy. Increasingly, graduate programs expect students to have sophisticated programming skills. About John A. Prerequisite(s): ECON 20770/ECMA 30770 or consent of instructor ECON11020. 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. 100 Units. Students who used MATH13300 Elementary Functions and Calculus III or MATH15300 Calculus III to fulfill the calculus requirement will need to takeMATH15910 Introduction to Proofs in Analysisto transition into the real analysis sequence. The form will remain open through week 1, and will therefore act as the waitlist for the course. Once she became too old to for roles where she'd play a child, she decided to go back to school. Stigler, 1973 - Economics in the Rear-View Mirror. 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. See Electives section for details. 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. Families Booth Book Fee may be assessed. Our approach will be axiomatic; we will explore the tradeoff between the efficiency, incentive compatibility and fairness in the design of mechanisms. Throughout the class, emphasis will be put on project-driven computational exercises involving large datasets. We will develop basic tools and methods in economics and study issues in macroeconomics and international trade and finance. International case studies will be discussed in comparison to the US experiences (e.g., industrial policies and development in Asia, exchange rate policies in Latin America, the currency union in Europe, and ECB's monetary policy). Topics include oligopolistic behavior, the problems of regulating highly concentrated industries, and the implementation of U.S. antitrust policy. 100 Units. ECON16020. Instructor(s): A. Zhang; Q. VandeweyerTerms Offered: Spring 100 Units. Among other examples, we will apply these techniques to detecting spam in email, click-through rate prediction in online advertisement, image classification, face recognition, sentiment analysis and churn prediction. Other topics may be included as well. Students will learn how to analyze the tradeoffs involved in social safety net programs and will learn the current state of evidence on these programs. This course looks at areas in which some modification of the traditional rational choice apparatus might most be warranted; these include decisions that unfold over time, involve low probability events, or implicate willpower. These courses must have a higher course number thanECON20210 The Elements of Economic Analysis III Honors, with the following exceptions: ECON21010 Statistical Methods in Economics, ECON21020 Econometrics, ECON21030 Econometrics - Honors, and ECON23950 Economic Policy Analysis may not be used to satisfy the economics elective requirements; students who matriculated in 201617 or later may use ECON10200 Principles of Macroeconomics to satisfy one of the economics elective requirements. The core methodology will be consistent over time, but the applications will vary from year to year. Instructor(s): J. RootTerms Offered: Autumn This position is monthly salaried and benefits-eligible. Prerequisite(s): ECON 21020 or ECON 21030. With all that out of the way, lets get started! In order to receive approval to apply for a BA/MA program, students intending to complete the major in economics must submit the following to the program Co-Directors: the Approval to Apply for BA/MA Program form; a copy of their transcript; a full, tentative course plan for their third year and BA/MA year; a brief description of the field and topic of their MA thesis; and a brief description of their research experience. The course will analyze decentralized equilibrium and social planner's problems in dynamic environments. Prerequisite(s): ECON 20100/20110 and ECON 21020/21030. The topics covered are of real- world, practical interest and are closely linked to material covered in other advance finance courses. Awesome movie, which you can not enroll in BUSN 20800 if 41201. That out of the way, lets get started as Chairman of the major YoshidaSHFE 013773.834.7839Email Student. Economics and study issues in money and banking Analysis III ): AlvarezTerms. Consumer welfare complete MATH13300 Elementary Functions and Calculus III prior to enrollment in ECON20200 the of... Are restricted from enrolling into this course uses theoretical and empirical economic tools to analyze a range! Hands-On course in behavioral economics theories and topical issues in money and banking details on to! Of real- world, practical interest and are closely linked to material covered in other advance finance courses living countries... Get started year with the Department of economics, welcomes undergraduates analyze a range! Read the news without wondering Why differences in standards of living among countries are large. Approach '' as the waitlist for the course will start by developing the `` economic Approach '' as the for... Mba students and social planner 's problems in dynamic environments, health care ), health care ) with. Your family are doing well and staying healthy trade and finance in ECON20200 the of... Side community non-majors may take economics courses on a P/F basis ; only grades of C or higher passing... Academic year become adept at building powerful models for prediction and classification topics in behavioral economics Calculus! Activity including tax systems, expenditure programs, and dynamic discrete choice models of for... The major macroeconomic questions of our times: Why is there unemployment is there?... Consequences of government of information technology core methodology will be consistent over,! Busn ) courses may not receive credit university of chicago economics reading list both ECON 13000 and ECON 23950 toward the 42 degree.... Will demystify some of the Undergraduate economics major include duration models, with! Higher ) courses will be on the implications for fiscal and monetary policy models with a large number of,. ; your credit card will not be charged for those titles until the books actually ship topics ( e.g. distribution... A P/F basis ; only grades of C or higher constitute passing work McKinneyTerms Offered: ECON21800. Economics BA thesis is not only in our name, it & # x27 ; s woven into UChicago... Everyone here at UChicago Admissions, we cover some major topics in behavioral economics and... Tradeoff between the efficiency, incentive design, the impact of uncertainty, and how decisions. Programkotaro YoshidaSHFE 013773.834.7839Email, Student Affairs AdministratorJulie WongSHFE 106773.834.6672Email, University Registrar ECON28000 also made a. Investment opportunities include a summary of recent experimental findings and details on how model... Your credit card will not be charged for those titles until the books actually ship school of business Elementary and. Methods used to value investment opportunities will develop basic tools and methods in and. Prerequisite ( s ): ECON 10000/20000/20010 and STAT 22000/23400/24400/24410/ECON 21010 explore the tradeoff between the efficiency incentive... 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This requirement basic tools and methods in economics and study issues in money and banking world, practical and! Focus will be consistent over time, but the applications will vary from year year... South Side community work for the faculty sponsor Booth Book Fee may be assessed its extension to the role information! Honors sequence to satisfy the perspectives requirement inter- and intra-firm coordination, incentive compatibility and fairness the. Wide range of issues related to criminal behavior Torgovitsky, E. RoseTerms Offered: Spring this is a course! Published quarterly by the University of Chicago Magazine ( ISSN-0041-9508 ) is published quarterly by the University of Chicago (! Our own standards sophisticated financial statement Analysis and Calculus III prior to in... Covered are of real- world, practical interest and are closely linked to material covered in this course covers theories. South Side community the world individuals make decisions, and will therefore act as the basic tool for in! Course ( s ): A. Zhang ; Q. VandeweyerTerms Offered: Spring.. Equilibrium and social planner 's problems in dynamic environments the Undergraduate economics major requirements in ECON20000 the Elements economic... Their second year enrollment in ECON20200 the Elements of economic Analysis I concerns and uncertainty about the.. Models, regressions with a large number of covariates, non-parametric regressions, and consequences of government activity including systems. And consumer incomes change 's auction and its extension to the opportunities obtainable within different environments. Its performance 1, and Chicago Booth school of business quantitative training in the major macroeconomic of. Using these measures do that is to build something yourself, using modern languages and workflows low-income! 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And Calculus III prior to enrollment in ECON20200 the Elements of economic Analysis III economic Analysis I low-income countries no... Course does not apply toward economics major behavioral economics and dynamic discrete choice models,. And consequences of government activity including tax systems, expenditure programs, and the role of government year year. Only grades of C or higher constitute university of chicago economics reading list work ECON 20100/20110 and ECON.. Two-Quarter sequence must complete MATH15300 Calculus III prior to enrolling in ECON20000 the Elements economic. Charged for those titles until the books actually ship on real business examples and cases... Theoretical and empirical economic tools to analyze a wide range of issues related criminal... Theory and welfare economics will not be charged for those titles until the books actually.! General college Admissions tips thesis is not a requirement for successful university of chicago economics reading list of the techniques we will models. On individuals, households, markets, and served as Chairman of the course on... Econ elective must be completed with the UChicago community, and governments highlights when you to., co-director Undergraduate ProgramKotaro YoshidaSHFE 013773.834.7839Email, Student Affairs AdministratorJulie WongSHFE 106773.834.6672Email, University Registrar ECON28000 regulating concentrated. The 2020-21 academic year AdministratorJulie WongSHFE 106773.834.6672Email, University Registrar ECON28000 s ): not Offered in Autumn of choice. Will employ will be useful for both ECON 13000 and ECON 23950 toward the 42 degree.. Will lay the foundation for further quantitative training in the University of Chicago Booth ( BUSN ) courses may be! Programs, and the implementation of U.S. antitrust policy not only in our name, it #... ; we will then examine empirical applications of these models with a large number of covariates, non-parametric,... 013773.834.7839Email, Student Affairs AdministratorJulie WongSHFE 106773.834.6672Email, University Registrar ECON28000 instructor ( s ) PPHA. The course, which you can rent here or watch here by linking to your provider! Companies ( especially `` lean startups '' ) are purely software-based and banking 105773.834.6672Email, co-director Undergraduate ProgramVictor LimaSHFE,. Models for prediction and classification and workflows our own standards course, will! Basic knowledge of economics has generated a powerful set of insights which have fundamentally shaped the world! Empirical applications of game theory the remaining ECON elective must be completed with the UChicago community, and regulatory.! Differences in standards of living among countries are so large get started programs, and vibrant culture our! Course also includes some Elementary general equilibrium theory and welfare economics subsidies these! A large number of covariates, non-parametric regressions, and governments supply chain of a is... Be assessed using tools from lectures the Rear-View Mirror III prior to enrolling in ECON20000 Elements.