COURSE TITLE:
Game Theory
COURSE NUMBER:
Econ 414
SECTION TIMES/DAYS:
TR 2:40-4:10pm
INSTRUCTOR:
Dr. Dorothea K Herreiner
COURSE DESCRIPTION/PRINCIPAL TOPICS
Game Theory is the study of strategic interaction, where one person’s options, actions, and beliefs depend on
other individuals’ options, actions, and beliefs. Imperfect competition among firms is a typical situation of
strategic interactions that is analyzed with game theoretic tools. Many other real-world situations are strategic and
can therefore be analyzed with game theoretic tools. In this class we will mainly focus on economics, business,
and politics applications.
This course offers an introduction to the main analytical tools that help us understand the phenomena we observe
when decision makers interact strategically. It will introduce the main equilibrium concepts, such as Nash
equilibrium, subgame perfect equilibrium, and Bayesian equilibrium concepts and apply them to abstract
representations and concrete examples of real-life situations. Game theory is a key analytical tool of modern
economics used in many theoretical and applied areas of economics that will be explored in the class. Playing
board, card and other games will be an integral part of the learning process.
STUDENT LEARNING OUTCOMES
-
Students will gain a solid understanding of key economic assumptions about rational decision making and
their limitations.
Students will learn how to solve problems and how to identify key elements of complex situations.
Students will be able to model and describe games and relevant decision parameters and determine optimal
behavior.
Students will sharpen their strategic and analytical skills using both verbal and quantitative tools.
Students will understand and be able to model the interaction between actions and beliefs.
Students will understand, model, analyze, and evaluate the trade-off between self-interested and otherregarding behavior.
Students will be introduced to empirical approaches and findings assessing game theoretic analysis.
Students will have an opportunity to explore how far they do and do want to think strategically and how
rational their own behavior is (according to a well-defined concept of rationality).
Students will learn how to analyze and use the tools learnt in class to explore a variety of real-life strategic
situations (business, politics,.
PREREQUISITES/RECOMMENDED BACKGROUND
ECON 3100 (and Math 131 or 112), or instructor’s consent.
RECOMMENDED TEXTS
Osborne, An Introduction to Game Theory, Oxford University Press, 2003.
Harrington, Games, Strategies, and Decision Making, Worth Publisher, 2009.
COURSE WORK/EXPECTATIONS
Regular Class Attendance and Participation.
Office Hour Attendance.
Final Examination and Two Midterms.
Previewing and Reviewing Class.
Regular Problem Sets.
Curiosity and an Open Mind.
COURSE TITLE:
Introductory Economics
COURSE NUMBER:
Econ 1050
SECTION TIMES/DAYS:
Section 06: MWF, 1:50 to 2:50pm
Section 07: MWF, 3pm to 4pm
INSTRUCTOR:
Dr. Sean D’Evelyn
COURSE DESCRIPTION/PRINCIPAL TOPICS
This course is an introduction to economics; it is concerned with how individuals, firms, and societies respond to
issues of scarcity. For example, consumers must choose between different consumption possibilities given
limited amounts of money and time; firms must decide what to make and how much of it to produce given
limited inputs; and governments must choose how to best serve its people. Economists assume that economic
agents make their choices in a consistent way following basic rules and incentives. In the course, students will
learn what these rules are and will apply them to real-world economic decisions. Topics covered include scarcity
and incentives, the gains from trade, supply and demand, elasticity, cost and production, optimal production
decisions under perfect and imperfect competition, and market failures and the role of government in a modern
economy. It will also cover topics such as unemployment, inflation, and government policies that may stimulate
or inhibit economic growth.
STUDENT LEARNING OUTCOMES
Students will learn to analyze everyday social behavior from an economics point of view. They will learn to
think analytically, and to use both verbal and quantitative tools to solve practical real-world problems. Students
will understand the basic motivations of economic agents, the power and limitations of markets, the trade-off
between efficiency and equity, and the potential and drawbacks of government interventions in markets.
PREREQUISITES/RECOMMENDED BACKGROUND
Basic algebra skills
An open mind and sense of curiosity about our world
REQUIRED TEXT
Krugman and Wells, 2015. Economics, 4th Edition. ISBN 1-4641-4384-6.
COURSE WORK/EXPECTATIONS
2 Short Exams
1 Midterm Exam
1 Final Exam
Regular Problem Sets
Regular In-Class Activities
Economics 1050: Introductory Economics
Spring 2017
Instructor: Sherine El Hag, Ph.D.
Office: University Hall 4220
Office Phone: TBA
E-mail: [email protected]
Office Hours: MW from 12:30 PM- 2 PM, F from 12:30 – 2:30 PM
& by appointment.
Course Web Site: Blackboard (MyLMU Connect)
Course Catalog Description
“Accelerated introduction to both microeconomics and macroeconomics. Supply and demand,
elasticity, and theories of production, cost, competition, monopoly, and other market
structures. Aggregate supply, aggregate demand and Keynesian Cross analysis, and discussion
of GDP, national income, inflation, and unemployment. ”
Course Overview:
This 4-unit course is an introduction to both Microeconomics and Macroeconomics. It covers the
material previously taught in ECON 1100 and ECON 1200 integrated in one semester. The course
begins with a general introduction to Economics. The section on Microeconomics focuses on
studying the behavior of individual economic agents, including consumers and firms, in a market
system. This includes learning about supply and demand, elasticity, taxes, government influences
on markets, externalities, and production and cost, a summary of output and pricing decisions in
different market settings like perfect competition and monopoly. The section on Macroeconomics
focuses on an analysis of the behavior of the national economy as a whole. We begin with “The
Data of Macroeconomics” by introducing macroeconomic indicators, such as Gross Domestic
Product, unemployment, and inflation. Then we go through the major topics in macroeconomics
such as economic growth, business cycles, money and inflation.
We will begin with an introduction to economics (Chapters 1 - 4), then Microeconomics (Chapters
5 - 13) before moving on to Macroeconomics (Chapters 14 - 20). Readings will be assigned from
sources like the Financial Times, the Economist, Bloomberg, Yahoo Finance, and the Wall Street
Journal.
At the end of the semester, students will have (1) a solid understanding of modern
microeconomics, markets, and the macro-economy, compare and contrast Market Systems and the
role of an economist within these system (2) the ability to reason analytically using both the verbal
and quantitative tools commonly employed in economics and, (3) know how to apply those tools to
solve both theoretical and practical real-world problems and explain how the principles of
economics affect decision-making, interaction, and the workings of the economy as a whole.
1
Beyond analytical abilities and economic knowledge, students will learn the importance of
economics in human endeavors and the value of economic training for evaluating social
phenomena. Students will understand the ethical concerns that underlie economic policy, including
the potential trade-offs between efficiency and equity.
The textbook for this course is Essential Foundations of Economics by Bade and Parkin, 7th edition
or later. There are no pre-requisites for this course.
Learning Activities:
 Assigned chapter textbook readings & supplementary materials
 Critical thinking and skill building exercises and discussions.
 Application on concepts learned through class discussion discussions, assignments, &
extra credit.
 Tests and quizzes.
 Conceptual and quantitative reasoning skills
 written communications in review articles
Workload Expectations: This 4-unit course requires extensive work outside of class. Please
be prepared to spend an average of at least 9 hours outside of class every week on classrelated activities. This includes reading the textbook and course materials, understanding the
practice questions, studying for quizzes/exams, researching and writing assignments, and
drop-in tutoring.
Responsibility for Material Presented in Class: Material that is presented in class will review
key elements discussed in the textbook, but will also include supplementary information that the
student is expected to learn. Students will be expected to participate actively in the class
discussion. Exams will cover all materials assigned in the text and all topics covered in class.
The fact that something covered on an exam was not specifically presented in the text is not an
excuse for not knowing that material.
Reading the Text: It will be expected that the relevant chapters will be read carefully before
coming to class to explore the topic in more details. Students will be expected to be able to
demonstrate that they have read the material in advance by responding to questions and
participating in discussion about the assigned material.
Attendance is mandatory and extremely important!
Students will be expected to attend class regularly and to participate actively in discussions.
Discussion question responses in class will count towards the class participation requirement.
Every class counts. Class attendance will be monitored either by calling roll randomly or by
calling on specific individuals to respond to a question. Failure to be present at the time one is
called upon will be counted as an absence for that day. More than 2 absences will result in a
loss of 10 points for each class missed, unless an adequate excuse was provided to, and was
approved by, the instructor prior to the absence, if at all possible. If in doubt as to whether an
absence can be excused for work related for illness or LMU-approved travel, or personal
reasons, see me. Also, being late to class TWICE equals one absence, so please be on time!
It’s your responsibility to take any notes from your colleagues for a class that is missed.
2
Homework: Doing ALL of the assigned MyEconLab homework is critical. It is an essential
way to learn the material and prepare for exams. Homework questions will take 10% of
grade. They are to be completed weekly online at www.pearsonmylab.com. Unless
announced differently, each online assignment is due at 11: 45 PM on Sundays.
MyEconLab requires a separate registration process and instructions will be posted on
blackboard.
Evaluation, Examination, and Grade
There are three exams, online assignments, and in class quizzes. Class participation will take
10% of the course grade. Each of exam 1 & 2 test will take 20%. The HWs will take 10% of
the course grade. You’ve three attempts to complete each HW and the lowest two scores of
each assignment will be dropped. The quizzes will take 10%. Test # 3 will take 30% of the
course grade.
Homeworks will be assigned periodically online, the assignments must be turned in as
indicated, and NO late assignments will be accepted unless you’re really sick and have a
doctor’s note.
Exams will consist of multiple choice questions and /or short essays/problems. You will also
receive a set of practice questions for each chapter designed to help you learn the material.
Although these practice questions will not be collected or graded, it is in your best interest to
spend at least two hours out of class working on the practice questions for every chapter.
These questions will allow you to self-assess your understanding of the course material.
Grades:
PLEASE NOTE THAT PLUS GRADING IS APPLIED IN THIS CLASS
Your final grades will be based on the three exams, class participation, quizzes, and the
assignments.
Hereunder is the grade distribution for this class:EXAM # 1 & 2
400
POINTS
EXAM # 3
300
POINTS
HW
100
POINTS
QUIZZES
100
POINTS
CLASS
PARTICIPATION
100
POINTS
TOTAL
1000
POINTS
3
COURSE WEBSITE:
Course announcements, exercises, answer keys, slides from the lectures and other course
materials will be posted on blackboard. Please check this website at least weekly. Also,
please check your e-mails from on a regular basis for any update regarding the course
materials, tests, quizzes…etc. The lecture outlines are NOT A SUBSTITUTE FOR CLASS
ATTENDENCE. They provide an overview of the main topics to be covered; working the
problems will be done together in class.
Extra Credit:
There are two ways students can earn extra credit and each student is welcome to pursue one
or both of the following options.
Option I
There will be an optional assignment for extra credit (15 points). You can choose an article
related to the course materials and present it orally in class (4-5 minutes). The articles you
choose may come from a major newspaper such as the L.A. Times, The N.Y. Times, The
Wall Street Journal, The Financial Times; The International Herald Journal or from a
magazine such as The Economist, Newsweek, News and World Report, et al. Or they may be
downloaded from a relevant news website. Articles may not be too brief; that is, each must
run at least 500 words or 6 to 8 paragraphs, and must be substantive.
The source of the chosen article must be presented. This must include the name of the
newspaper, magazine, or website, the date of publication, and the name of the author(s).
NOTE VERY CAREFULLY: All articles MUST deal with a Micro or macro economics. Articles with no
substantial relevance to one of those macroeconomic or micro categories will not receive any credit and will
have to be re-done completely with a new article.
If you are in doubt as to the suitability of the article, show it to me at least one week before the due date.
You must find your own articles. Your class presentation must consist of the following:-
a. A short summary that clearly covers all of the key elements in the article. This
summary must show that you carefully read and understood the content of the
article.
b. A short critique of the article indicating the strengths and weaknesses of how
the article was written.
4
c. A section addressing conclusions/proposals, indicating whether
(1) the author presented conclusions and/or made proposals about the
topic and if so,
(2) indicating whether you agree or disagree with the conclusions
and/or proposals made by the author and why you agree or disagree.
NOTE- If the author did not reach a conclusion or make a
proposal, then this section must indicate what conclusion you
reached on the topic and what proposal you think appropriate to
address the issue being discussed in the article.
The due dates for the EC will be discussed in class.
Extra Credit Option II:
Submit a second different Article Review ( in writing- about 2-3 pages typed, 12 inch
font, double spaced, and stapled excluding the reference page) using APA or MLA
for a possible extra 15 points of your term grade. The review should cover the points
previously listed for the oral presentation. The due date of the extra Article Review will
be announced in class. No late extra credit papers will be accepted.
Grading Scale:
For all tests, we will adhere to a standard grading scale, where 90% and up = A, 80-89% = B,
70-79% = C, and so on. I never pre-commit to curving (or not curving) the exams. Decisions
on whether or not to curve are made after I have observed the distribution of the exam grades
and this will always increase your grade. However, you should not rely on the curve to get
the grade you hope for or need.
Review Sessions and Office Hours:
I will, in addition to the in-class review session, generally hold extra office hours for a lastminute question and answer session prior to all of the exams. The dates and times of these
reviews will be announced in class. Also, if my door is open, please don’t hesitate to come in
to help you out.
Drop-in Tutoring for ECON 1050:
Tuesdays from 3:00-5:00pm in UNH 4242
Wednesdays from 7:00-9:00pm in WHH 117
Policy on Make-ups:
Please note that there will be NO MAKE-UP EXAMS OR QUIZZES. If you miss a test, a
quiz, or assignment, you will receive a zero. You will need a substantial, truly dramatic
5
reason, such as you are required to attend a university-sponsored activity (such as a game,
meet, or tournament), or a severe injury…etc.
Proving documents will have to be provided AND you have notified me that you will miss the
quiz or test BEFORE THE TEST OR QUIZ IS GIVEN. The final exam is ABSOLUTELY
MANDATORY. Make-up dates for the exams may be required to accommodate exam
schedules in other classes or for illness or other conflicts, as described above. All make-ups
must be scheduled with me PRIOR to the missed exam. You must contact me to determine
your eligibility.
Maintain Professional Conduct in Class
The classroom is a professional environment where academic debate and learning take place.
Your instructor will make every effort to share your opinions, ideas, and beliefs. In return, you
are expected to respect the opinions, ideas, and beliefs of others in the class discussion.
Verbals & Non-verbals
You MUST communicate with your instructor for help. To make the experience go smoothly,
remember that you’re responsible to:
•
Initiate more contact
•
Be direct and persistent when you don’t understand something
•
Communicate often and early
•
Send detailed private e-mail message(s) to your instructor
Academic Integrity:
I strongly encourage you to study with one another and discuss among yourselves the material
from class. However, students are expected to complete assignments, quizzes, EC, and tests
by themselves and you will NOT be permitted to use any books, notes, or test answers of
other students. Ideas that are not your own must be cited appropriately. Plagiarism, copying,
and cheating will not be tolerated. Incidents of either will result in a failing grade for the quiz
or exam and potential for failure in the course.
Commit to Integrity
As a student in this course (and at this university) you are expected to maintain high degrees
of professionalism, commitment to active learning and participation in this class and also
integrity in your behavior in the classroom.
Build Rapport
If you find that you have any trouble keeping up with assignments or other aspects of the
course, please let me know as early as possible. Building rapport and effective relationships
are key to becoming an effective professional. Make sure that you are inform your instructor
when difficulties arise during this course so that I can help you find a solution
6
Americans with Disabilities Act:
Students with special needs as addressed by the Americans with Disabilities Act who need
reasonable modifications, special assistance, or accommodations in this course should direct
their request to the Disability Support Services Office. Any student who has a documented
disability (physical, learning, or psychological) needing academic accommodations should
contact the Disability Services Office (Daum Hall Room 224, 310-338-4535) as early in the
semester as possible. All discussions will remain confidential. Please visit
http://www.lmu.edu/dss for additional information.
Emergency Preparedness
To report an emergency or suspicious activity, contact the LMU Department of Public Safety
by phone (310) 338-2893 (or x222 if on campus) or at the nearest emergency call box. In the
event of an evacuation, follow the evacuation signage throughout the building to the
designated safe refuge area where you will receive further instruction from Public Safety or a
Building Captain. For more safety information and preparedness tips, visit
http://www.lmu.edu/emergency.
Cell Phone Policy:
Please turn off and put out of sight all electronic devices (other than a calculator or computer,
if/when allowed) during class-time. The interruptions and/or distractions they cause disrupt
class and interfere with the learning process. Thank you in advance for the peace and quiet.
Reporting Requirements of Sexual or Interpersonal Misconduct:
As “responsible employees,” faculty are required to report any case of suspected sexual or
interpersonal misconduct and cannot protect student confidentiality. For information about
confidential counseling on campus and for general information about consensual
relationships, sexual harassment, and sexual assault, please see the LMU Cares website:
http://studentaffairs.lmu.edu/lmucares/.
IMPORTANT NOTES
• Attendance is required, and active participation is desirable. However, active participation
excludes disruptive behavior. Administrative actions can be taken against the students
engaging in such behavior.
• Use of electronic equipment for entertainment purposes is not permitted.
•All exams are closed-book. Please bring blue/black ink pens and pencils to each exam.
• Cheaters will automatically get an “F” for this course and will be subject to additional
punishments and sanctions. Talking during exams and/or leaving the exam room without
permission are considered cheating. Using a cell phone or any other electronic device during
an exam, unless specially permitted by the professor before the exam, is also cheating.
• Check regularly the course webpage (Blackboard) for additional reading materials and
announcement.
• MyEconLab problem sets have a firm due date.
7
• Arrive on time and leave on time. Leaving early or arriving late is considered a disruptive
behavior.
• I use e-mail as a means of communicating important information to the class.
• Students with disabilities who wish to request special accommodations are encouraged to
contact the instructor during office hours or by appointment
• Treat your professor and each other with respect.
• The opinions of others are to be respected and related to the course materials in class. Any
student speaking or behaving in a way that the professor deems inappropriate will be dropped
from the class.
• Actively participate in class by asking questions and answering questions related to the
course materials.
• Cell phones should be turned off or put on the silent mode. Texting and any use of electronic
devices aren’t allowed in class and any use of them will result a removal from the class.
• No side discussions in the classroom
• No disruptive behavior.
• Keep a positive learning attitude.
• Ask the instructor for assistance instead of interrupting the class.
• Any student violating these policies will be given a warning. A second violation may result
in removal from class at the instructor’s discretion.
• Students are expected to remain in the classroom through the entire class period.
Other important information:
If necessary, this syllabus and its contents are subject to revision; students are responsible for
any changes or modifications distributed in class or posted on MYLMU Connect. At times I
will communicate with the entire class using campus e-mail systems, so it is essential that you
regularly check your lion.lmu.edu email address or forward your lion account email to your
preferred email address.
8
9
COURSE TITLE:
Introductory Economics
COURSE NUMBER:
Econ 1050
SECTION TIMES/DAYS:
MW, 4:20 to 5:45pm
MW, 5:55 to 7:20pm
INSTRUCTOR:
Dr. Matthew J. Hill
COURSE DESCRIPTION/PRINCIPAL TOPICS
This course is an introduction to economics; it is concerned with how individuals, firms, and societies respond to
issues of scarcity. For example, consumers must choose between different consumption possibilities given
limited amounts of money and time; firms must decide what to make and how much of it to produce given
limited inputs; and governments must choose how to best serve its people. Economists assume that economic
agents make their choices in a consistent way following basic rules and incentives. In the course, students will
learn what these rules are and will apply them to real-world economic decisions. Topics covered include scarcity
and incentives, the gains from trade, supply and demand, elasticity, cost and production, optimal production
decisions under perfect and imperfect competition, and market failures and the role of government in a modern
economy. It will also cover topics such as unemployment, inflation, and government policies that may stimulate
or inhibit economic growth.
STUDENT LEARNING OUTCOMES
Students will learn to analyze everyday social behavior from an economics point of view. They will learn to
think analytically, and to use both verbal and quantitative tools to solve practical real-world problems. Students
will understand the basic motivations of economic agents, the power and limitations of markets, the trade-off
between efficiency and equity, and the potential and drawbacks of government interventions in markets.
PREREQUISITES/RECOMMENDED BACKGROUND
Basic algebra skills
An open mind and sense of curiosity about our world
REQUIRED TEXT
Mankiw, Microeconomics
COURSE WORK/EXPECTATIONS
2 Midterm Exams
1 Final Exam
Regular Problem Sets
Regular In-Class Participation
TERM:
Spring 2017
COURSE TITLE:
Introductory Economics
COURSE NUMBER:
ECON 1050
INSTRUCTOR:
Dr. Michelle Miller
SECTION TIMES/DAYS:
Section 02: Tuesday & Thursday 8:00-9:30
Section 03: Tuesday & Thursday 9:40-11:10
COURSE DESCRIPTION/OBJECTIVES:
Economics 1050 is an introduction to both Microeconomics and Macroeconomics. The course begins
with a general introduction to Economics (Chapters 1-4). The section on Microeconomics (Chapters 513) focuses on studying the behavior of individual economic agents, including consumers and firms,
in a market system. This includes learning about supply and demand, elasticity, taxes, government
influences on markets, externalities, and production and cost, along with a summary of output and
pricing decisions in different market settings like perfect competition and monopoly. The section on
Macroeconomics (Chapters 14-20) focuses on an analysis of the behavior of the national economy as a
whole, together with such issues as the determination of gross domestic product, the unemployment
rate, the inflation rate, interest rates, and the long-term economic growth rate.
STUDENT LEARNING OUTCOMES:
At the end of the semester, students will have (1) a solid understanding of modern microeconomics,
markets, and the macro-economy, (2) the ability to reason analytically using both the verbal and
quantitative tools commonly employed in economics and, (3) know how to apply those tools to solve
both theoretical and practical real-world problems. Beyond analytical abilities and economic
knowledge, students will learn the importance of economics in human endeavors and the value of
economic training for evaluating social phenomena. Students will understand the ethical concerns that
underlie economic policy, including the potential trade-offs between efficiency and equity.
PREREQUISITES/RECOMMENDED BACKGROUND:
An open mind and a curiosity about the world.
REQUIRED TEXT:
Essential Foundations of Economics (7th ed.) by Robin Bade and Michael Parkin.
COURSE WORK/EXPECTATIONS:
Grades will be determined by student performance on ten problem sets (worth 25% of final grade),
two midterm exams (worth 25% each) and a final exam (worth the remaining 25% of final grade).
TERM: Spring 2017
COURSE TITLE: Introductory Economics
COURSE NUMBER: ECON 1050
SECTION TIMES/DAYS:
• Section 08: TR 4:20-5:45pm
• Section 10: TR 5:55-7:20pm
INSTRUCTOR: Dr. Jean-François Mercier
COURSE DESCRIPTION/PRINCIPAL TOPICS
This course provides students with an introduction to both microeconomics and
macroeconomics. The section on microeconomics focuses on studying the behavior of individual
economic agents, including consumers and firms, in a market system. This includes learning
about supply and demand, elasticity, taxes, government influences on markets, externalities, and
production and cost, along with a summary of output and pricing decisions in different market
settings like perfect competition and monopoly. The section on macroeconomics focuses on an
analysis of the behavior of the national economy as a whole, together with such issues as the
determination of gross domestic product, the unemployment rate, the inflation rate, interest
rates, and the long-term economic growth rate. The goal is to integrate these topics as much as
possible. At the end of the semester, students will have a solid understanding of modern
microeconomics, markets, and the macro-economy.
STUDENT LEARNING OUTCOMES
At the end of the semester, students will have (1) a solid understanding of modern
microeconomics, markets, and the macro-economy, (2) the ability to reason analytically using both
the verbal and quantitative tools commonly employed in economics and, (3) know how to apply
those tools to solve both theoretical and practical real-world problems. Beyond analytical abilities
and economic knowledge, students will learn the importance of economics in human endeavors
and the value of economic training for evaluating social phenomena. Students will understand the
ethical concerns that underlie economic policy, including the potential trade-offs between efficiency
and equity.
REQUIRED TEXT
Economics, by Daron Acemoglu, David Laibson and John List, 2015, 1st edition.
COURSE WORK/EXPECTATIONS
The course work will consist of in-class quizzes, two midterm exams and a final exam.
COURSE TITLE: Introductory Statistics
COURSE NUMBER: ECON 2300
SECTION TIMES/DAYS: Section 03 TR: 11:20am -12:50pm
Section 10 TR: 2:40 - 4:10pm
INSTRUCTOR: Dr. Zaki Eusufzai
COURSE DESCRIPTION/PRINCIPAL TOPICS
Descriptive statistics, probability, discrete random variables, continuous random
variables, sampling distributions, confidence intervals, hypothesis testing, comparing
population means, comparing proportions and chi-square tests, simple linear regression
analysis, multiple regression, model building, research design.
STUDENT LEARNING OUTCOMES
In this introductory statistics class we emphasize how to evaluate numbers and use this
knowledge to understand the world around us. Knowledge of statistics is indispensable for a
modern person, and the goal of this course is to make you statistics literate.
Specific learning outcomes include: possess basic statistical skills; be able to use
statistics in order to analyze and understand a problem; generate or gather real-world data
concerning statistical issues; write effectively about statistical concepts; orally communicate
statistical ideas well, presenting theories and evidence clearly.
PREREQUISITES/RECOMMENDED BACKGROUND
Math 112 recommended
REQUIRED TEXTS
Mann, P.S. : Statistics – Introductory Statistics, 9th ed. , John Wiley & Sons, 2016
COURSE WORK/EXPECTATIONS
There will be three exams, computer projects/assignments and in-class “workshops/practice
sessions”.
Econ 2300: Introductory Statistics
An introduction to the modern methods of analyzing sample data. Topics include descriptive
statistics, probability theory, binomial and normal distributions, estimation, hypothesis testing,
and simple regression analysis.
This course develops ideas for making decisions based on data. Some of the following material
will be covered: data displays and summary statistics for quantitative and qualitative variables;
correlation and simple regression; probability to deal with partial and uncertain knowledge; the
law of large numbers; the normal distribution and the central limit theorem; statistical inference
based on standard errors, confidence intervals and statistical hypothesis tests.
Required Text
Basic Statistics for Business and Economics, 8th edition, Lindh
Course Work/Expectations
Regular problem sets.
Two midterms and a final exam.
Class Attendance and Participation.
Cliff Rochlin Spring 2017
Economics 2300 – Introductory Statistics
Course Description:
The course will develop the statistical understanding and techniques required to gather
information from sample data. The first part of the course deals with learning how to organize
and graph sample data, use descriptive statistics to describe the data, and introduces the concept
of probability. Next, probability distributions for discrete and continuous random variables are
explored through the use of sampling distributions and confidence testing. The course concludes
with hypothesis testing, inference about a population, development of analysis of variance and
chi-squared tests, and an introduction to linear multiple regression analysis, the statistical testing
of economic theory.
Economics 2300– Introductory Statistics
Course Description/Sample Topics: An introduction to the modern methods of analyzing
sample data. Topics include descriptive statistics, probability theory, binomial and normal
distributions, estimation, hypothesis testing, and simple regression analysis.
Student Learning Outcomes: In this introductory statistics class we emphasize how to
evaluate numbers and use this knowledge to understand the world around us. Throughout
the course, we will draw upon up-to-date statistics from the field of economics, business,
and social society. Knowledge of statistics is indispensable for a modern person, and the
goal of this course is to make you statistics literate.
ECON 2300 Introductory Statistics
Instructor: Kittiyaratch Thanakornmonkkonchai
Required Textbook
Douglas Lind, William Marchal, and Samuel Wathen. “Basic Statistics for
Economics”, 8th edition. ISBN-13: 978-0073521473 or ISBN-10: 0073521477
Business and
Course Description
This is an introductory course in the modern methods of sample data analysis. This course
will provide students majoring in economics, business administration, management, accounting,
finance, and other business-related fields with an overview of descriptive and inferential statistics.
Topics include descriptive statistics, probability theory, binomial and normal distributions,
estimations, hypothesis testing, and simple regression analysis.
This course will focus on understanding statistical concepts and reasoning; organizing,
interpreting and producing data; analyzing statistical arguments and communicating findings
clearly.
Course Goals, Objectives, and Outcomes
This is a learning-by-doing course. This means that you will learn the material through
course lectures, homework, in-class discussions, and group activities. After completing this
course, students will learn and apply a tremendous amount of statistical concepts and tools to
business-related problems and decision-making that affects our daily lives.
Learning objectives of this course are to:
•
•
•
•
•
•
•
•
•
•
•
Know the differences between descriptive and inferential statistics
Learn how to construct and interpret graphical and numerical summaries of data
Compute and explain the mean, variance and the standard deviation
Calculate probabilities and identify the characteristics of a probability distribution
Understand normal and standard normal distributions
Know the central limit theorem and its application to finding probabilities
Define and compute confidence intervals for population mean
Use null hypothesis significance testing to test the significance of results, and
understand and compute the p-value for these tests.
Distinguish between one-tail and two-tailed test of hypothesis
Define a F distribution and the ANOVA tables for analysis
Apply regression analysis to estimate and interpret the linear relationship between
variables
Economics 3100: Intermediate Microeconomics (4 units)
Spring 2017
Instructor: Sherine El Hag, Ph.D.
Office: University Hall 4220
Office Phone: 81739
E-mail: [email protected]
Office Hours: MW from 12:30 PM- 2 PM, F from 12:30 – 2:30 PM
& by appointment.
Course Web Site: Blackboard (MyLMU Connect)
Course Overview:
This 4-unit course is an Intermediate Microeconomics. The purpose of an intermediate
economics course is to introduce students to the way economists do their job. The job of a
professional economist involves constructing models (formal simplifications of reality), and
applying them to real-world situations (business decisions or public policy issues). This
course will teach you about the basic tools in an economist’s toolbox. It covers
microeconomic theory applied to the private sector. It builds upon concepts learned in
introductory economics and develops them more rigorously. We will study demand and
production theory in detail, and apply it to analysis of the four models of market structure:
perfect competition, monopoly, monopolistic competition, and oligopoly. Other topics include
indifference curves, utility theory, individual and market demand, production technologies,
cost minimization, cost curves, consumer and producer surplus, efficiency, perfect
competition, monopoly, price discrimination, oligopoly theory, market power, and
introductory game theory. Additional topics will be added as appropriate. There is a fair
amount of mathematics and Basic calculus is used heavily in this course. Readings will be
assigned from sources like the Financial Times, the Economist, Bloomberg, Yahoo Finance,
and the Wall Street Journal...etc.
STUDENT LEARNING OUTCOMES
Students will learn the core theories and models used in microeconomics, using the standard
mathematical tools and applications. Students will be able to analyze economic situations and
use their tools to solve the decision problems individuals and firms face in perfectly and
imperfectly competitive markets.
1
PREREQUISITES/RECOMMENDED BACKGROUND
Required:
Econ 105 (or 110)
Math 112
Math 131
Introductory Economics
Mathematical Analysis for Business II, or
Calculus I (recommended)
REQUIRED TEXT
The textbook for this course is Robert Pindyck & Daniel Rubinfeld ( 2013), Microeconomics ,
8th edition. ISBN: 978013285123.
Learning Activities:
 Assigned chapter textbook readings & supplementary materials
 Critical thinking and skill building exercises and discussions.
 Application on concepts learned through class discussion discussions, assignments, &
extra credit.
 Tests and quizzes.
 Conceptual and quantitative reasoning skills
 written communications in review articles
Media Contributions: You are required to make five (5) postings on Blackboard
(myLMUconnect) with links to media relevant to the weeks’ topics. Media can include
articles, images, comics, videos, or audio recordings. Each submission should be
accompanied by a two-sentence description of why you think it contributes to the class’s
understanding of the material. Each submission is worth 10 points and the best entries for the
week will receive 5 bonus points and be shown in class (time permitting). Duplicate entries
will receive zero credit so make sure no one else has already posted your entry.
Workload Expectations: This 4-unit course requires extensive work outside of class. Please
be prepared to spend an average of at least 9 hours outside of class every week on classrelated activities. This includes reading the textbook and course materials, understanding the
practice questions, studying for quizzes/exams, researching and writing assignments, and
drop-in tutoring.
Responsibility for Material Presented in Class: Material that is presented in class will review
key elements discussed in the textbook, but will also include supplementary information that the
student is expected to learn. Students will be expected to participate actively in the class
discussion. Exams will cover all materials assigned in the text and all topics covered in class.
The fact that something covered on an exam was not specifically presented in the text is not an
excuse for not knowing that material.
Reading the Text: It will be expected that the relevant chapters will be read carefully before
coming to class to explore the topic in more details. Students will be expected to be able to
demonstrate that they have read the material in advance by responding to questions and
participating in discussion about the assigned material.
2
Attendance is mandatory and extremely important!
Students will be expected to attend class regularly and to participate actively in discussions.
Discussion question responses in class will count towards the class participation requirement.
Every class counts. Class attendance will be monitored either by calling roll randomly or by
calling on specific individuals to respond to a question. Failure to be present at the time one is
called upon will be counted as an absence for that day. More than 2 absences will result in a
loss of 10 points for each class missed, unless an adequate excuse was provided to, and was
approved by, the instructor prior to the absence, if at all possible.
If in doubt as to whether an absence can be excused for work related for illness or LMUapproved travel, or personal reasons, see me. Also, being late to class TWICE equals one
absence, so please be on time! It’s your responsibility to take any notes from your colleagues
for a class that is missed.
Homework: Doing ALL of the assigned MyEconLab homework is critical. It is an essential
way to learn the material and prepare for exams. Homework questions will take 10% of
grade. They are to be completed weekly online at www.pearsonmylab.com. Unless
announced differently, each online assignment is due at 11: 45 PM on Sundays.
MyEconLab requires a separate registration process and instructions will be posted on
blackboard.
Evaluation, Examination, and Grade
There are three exams, online assignments, and in class quizzes. Class participation and
media contributions will take 10% of the course grade. Each of exam 1 & 2 test will take
20%. The HWs will take 10% of the course grade. You’ve three attempts to complete each
HW and the lowest two scores of each assignment will be dropped. The quizzes will take
10%. Test # 3 will take 30% of the course grade.
Homeworks will be assigned periodically online, the assignments must be turned in as
indicated, and NO late assignments will be accepted unless you’re really sick and have a
doctor’s note.
Exams will consist of multiple choice questions and /or short essays/problems. You will also
receive a set of practice questions for each chapter designed to help you learn the material.
Although these practice questions will not be collected or graded, it is in your best interest to
spend at least two hours out of class working on the practice questions for every chapter.
These questions will allow you to self-assess your understanding of the course material.
3
Grades:
PLEASE NOTE THAT PLUS GRADING IS APPLIED IN THIS CLASS
Your final grades will be based on the three exams, class participation, media contributions
quizzes, and the assignments.
Hereunder is the grade distribution for this class:-
EXAM # 1 & 2
400
POINTS
EXAM # 3
300
POINTS
HW
100
POINTS
QUIZZES
100
POINTS
CLASS
PARTICIPATION &
MEDIA
CONTRIBUTIONS
100
POINTS
TOTAL
1000
POINTS
COURSE WEBSITE:
Course announcements, exercises, answer keys, slides from the lectures and other course
materials will be posted on blackboard. Please check this website at least weekly. Also,
please check your e-mails from on a regular basis for any update regarding the course
materials, tests, quizzes…etc. The lecture outlines are NOT A SUBSTITUTE FOR CLASS
ATTENDENCE. They provide an overview of the main topics to be covered; working the
problems will be done together in class.
4
Extra Credit:
There are three ways students can earn extra credit and each student is welcome to pursue one
or two of the following three options.
Option I
There will be an optional assignment for extra credit (15 points). You can choose an article
related to the course materials and present it orally in class (4-5 minutes). The articles you
choose may come from a major newspaper such as the L.A. Times, The N.Y. Times, The
Wall Street Journal, The Financial Times; The International Herald Journal or from a
magazine such as The Economist, Newsweek, News and World Report, et al. Or they may be
downloaded from a relevant news website. Articles may not be too brief; that is, each must
run at least 500 words or 6 to 8 paragraphs, and must be substantive.
The source of the chosen article must be presented. This must include the name of the
newspaper, magazine, or website, the date of publication, and the name of the author(s).
NOTE VERY CAREFULLY: All articles MUST deal with Microeconomics. Articles
with no substantial relevance to one of those micro categories will not receive any credit and
will have to be re-done completely with a new article.
If you are in doubt as to the suitability of the article, show it to me at least one week before
the due date.
You must find your own articles. Your class presentation must consist of the following:a. A short summary that clearly covers all of the key elements in the article. This
summary must show that you carefully read and understood the content of the
article.
b. A short critique of the article indicating the strengths and weaknesses of how
the article was written.
c. A section addressing conclusions/proposals, indicating whether
(1) the author presented conclusions and/or made proposals about the
topic and if so,
(2) indicating whether you agree or disagree with the conclusions
and/or proposals made by the author and why you agree or disagree.
NOTE- If the author did not reach a conclusion or make a
proposal, then this section must indicate what conclusion you
reached on the topic and what proposal you think appropriate to
address the issue being discussed in the article.
The due dates for the EC will be discussed in class.
5
Extra Credit Option II:
Submit a second different Article Review ( in writing- about 2-3 pages typed, 12 inch font,
double spaced, and stapled excluding the reference page) using APA or MLA for a
possible extra 15 points of your term grade. The review should cover the points
previously listed for the oral presentation. The due date of the extra Article Review will be
announced in class. No late extra credit papers will be accepted.
Extra credit option III:
Submit an additional media posting to the required 5 Submission on Blackboard
(myLMUconnect) with links to media relevant to the weeks’ topics accompanied by a twosentence description of why you think it contributes to the class’s understanding of the
material. Duplicate entries will receive zero credit so make sure no one else has already
posted your entry.
Grading Scale:
For all tests, we will adhere to a standard grading scale, where 90% and up = A, 80-89% = B,
70-79% = C, and so on. I never pre-commit to curving (or not curving) the exams. Decisions
on whether or not to curve are made after I have observed the distribution of the exam grades
and this will always increase your grade. However, you should not rely on the curve to get
the grade you hope for or need.
Review Sessions and Office Hours:
I will, in addition to the in-class review session, generally hold extra office hours for a lastminute question and answer session prior to all of the exams. The dates and times of these
reviews will be announced in class. Also, if my door is open, please don’t hesitate to come in
to help you out.
Policy on Make-ups:
Please note that there will be NO MAKE-UP EXAMS OR QUIZZES. If you miss a test, a
quiz, or assignment, you will receive a zero. You will need a substantial, truly dramatic
reason, such as you are required to attend a university-sponsored activity (such as a game,
meet, or tournament), or a severe injury…etc. Proving documents will have to be provided
AND you have notified me that you will miss the quiz or test BEFORE THE TEST OR QUIZ
IS GIVEN. The final exam is ABSOLUTELY MANDATORY. Make-up dates for the exams
may be required to accommodate exam schedules in other classes or for illness or other
conflicts, as described above. All make-ups must be scheduled with me PRIOR to the missed
exam. You must contact me to determine your eligibility.
6
Maintain Professional Conduct in Class
The classroom is a professional environment where academic debate and learning take place.
Your instructor will make every effort to share your opinions, ideas, and beliefs. In return, you
are expected to respect the opinions, ideas, and beliefs of others in the class discussion.
Verbals & Non-verbals
You MUST communicate with your instructor for help. To make the experience go smoothly,
remember that you’re responsible to:
•
Initiate more contact
•
Be direct and persistent when you don’t understand something
•
Communicate often and early
•
Send detailed private e-mail message(s) to your instructor
Academic Integrity:
I strongly encourage you to study with one another and discuss among yourselves the material
from class. However, students are expected to complete assignments, quizzes, EC, and tests
by themselves and you will NOT be permitted to use any books, notes, or test answers of
other students. Ideas that are not your own must be cited appropriately. Plagiarism, copying,
and cheating will not be tolerated. Incidents of either will result in a failing grade for the quiz
or exam and potential for failure in the course.
Commit to Integrity
As a student in this course (and at this university) you are expected to maintain high degrees
of professionalism, commitment to active learning and participation in this class and also
integrity in your behavior in the classroom.
Build Rapport
If you find that you have any trouble keeping up with assignments or other aspects of the
course, please let me know as early as possible. Building rapport and effective relationships
are key to becoming an effective professional. Make sure that you are inform your instructor
when difficulties arise during this course so that I can help you find a solution
Americans with Disabilities Act:
Students with special needs as addressed by the Americans with Disabilities Act who need
reasonable modifications, special assistance, or accommodations in this course should direct
their request to the Disability Support Services Office.
7
Any student who has a documented disability (physical, learning, or psychological) needing
academic accommodations should contact the Disability Services Office (Daum Hall Room
224, 310-338-4535) as early in the semester as possible. All discussions will remain
confidential. Please visit http://www.lmu.edu/dss for additional information.
Cell Phone Policy:
Please turn off and put out of sight all electronic devices (other than a calculator or computer,
if/when allowed) during class-time. The interruptions and/or distractions they cause disrupt
class and interfere with the learning process. Thank you in advance for the peace and quiet.
Reporting Requirements of Sexual or Interpersonal Misconduct:
As “responsible employees,” faculty are required to report any case of suspected sexual or
interpersonal misconduct and cannot protect student confidentiality. For information about
confidential counseling on campus and for general information about consensual
relationships, sexual harassment, and sexual assault, please see the LMU Cares website:
http://studentaffairs.lmu.edu/lmucares/.
IMPORTANT NOTES
• Attendance is required, and active participation is desirable. However, active participation
excludes disruptive behavior. Administrative actions can be taken against the students
engaging in such behavior.
• Use of electronic equipment for entertainment purposes is not permitted.
•All exams are closed-book. Please bring blue/black ink pens and pencils to each exam.
• Cheaters will automatically get an “F” for this course and will be subject to additional
punishments and sanctions. Talking during exams and/or leaving the exam room without
permission are considered cheating. Using a cell phone or any other electronic device during
an exam, unless specially permitted by the professor before the exam, is also cheating.
• Check regularly the course webpage (Blackboard) for additional reading materials and
announcement.
• MyEconLab problem sets have a firm due date.
• Arrive on time and leave on time. Leaving early or arriving late is considered a disruptive
behavior.
• I use e-mail as a means of communicating important information to the class.
• Students with disabilities who wish to request special accommodations are encouraged to
contact the instructor during office hours or by appointment
• Treat your professor and each other with respect.
• The opinions of others are to be respected and related to the course materials in class. Any
student speaking or behaving in a way that the professor deems inappropriate will be dropped
from the class.
• Actively participate in class by asking questions and answering questions related to the
course materials.
• Cell phones should be turned off or put on the silent mode. Texting and any use of electronic
devices aren’t allowed in class and any use of them will result a removal from the class.
• No side discussions in the classroom
• No disruptive behavior.
• Keep a positive learning attitude.
8
• Ask the instructor for assistance instead of interrupting the class.
• Any student violating these policies will be given a warning. A second violation may result
in removal from class at the instructor’s discretion.
• Students are expected to remain in the classroom through the entire class period.
Other important information:
If necessary, this syllabus and its contents are subject to revision; students are responsible for
any changes or modifications distributed in class or posted on MYLMU Connect. At times I
will communicate with the entire class using campus e-mail systems, so it is essential that you
regularly check your lion.lmu.edu email address or forward your lion account email to your
preferred email address.
9
10
TERM: Spring 2017
COURSE TITLE: Intermediate Microeconomics
COURSE NUMBER: ECON 3100-02
SECTION TIMES/DAYS: TR 2:40-4:10pm
INSTRUCTOR: Dr. Jean-François Mercier
COURSE DESCRIPTION/PRINCIPAL TOPICS
This course provides students with an in-depth coverage of the main modern microeconomics
topics and tools. The course focuses on individual decision making, in particular of consumers
and producers, through models of partial and general equilibrium in perfectly competitive and
imperfectly competitive settings. The course covers consumer and producer theory, perfect
competition and imperfect competition models, game theory, general equilibrium theory, risk
and uncertainty, information theory, and public goods.
STUDENT LEARNING OUTCOMES
The course is calculus-based using tools of constrained and unconstrained optimization.
Students are expected to understand the relevant models and their assumptions conceptually, to
be familiar with their derivations and common economics applications, and to be able to apply
the relevant tools in a wide variety of economics contexts. This course places strong emphasis on
developing students' problem solving skills through regular practice emphasizing both the
understanding of problem solving mechanisms as well as the underlying rationale and meanings
by exposing the students to the typical applications and problems in all course areas and by
challenging students to explore the relevant tools also in new contexts.
PREREQUISITES/RECOMMENDED BACKGROUND
A grade of at least B- in ECON 105 or ECON 110, and a grade of at least B- in MATH 112 or of at
least C in MATH 131 or MATH 132.
REQUIRED TEXTS
Intermediate Microeconomics with Calculus, by Hal R. Varian, 2014, 1st edition.
COURSE WORK/EXPECTATIONS
The course work will consist of problem sets, two midterm exams and a final.
Spring 2017
COURSE TITLE: Intermediate
Macroeconomics
COURSE NUMBER: Econ. 3200, §1.
SECTION TIME/DAY:
MWF 11:30-12:30 a.m., UNH 4802
INSTRUCTOR: Dr. James Devine, 4227 U-Hall;
phone: x82948; e-mail: [email protected]
COURSE DESCRIPTION/PRINCIPAL TOPICS
This course concerns the theoretical and policy issues in current macroeconomics, including relevant
empirical studies of the macroeconomy. Issues include those of unemployment, inflation, interest rates, real
Gross Domestic Product, the balance of trade (and on the current account), the dollar exchange rate, business
cycles and long-term supply-side economic growth. Some attention is given to the history of the debates.
Central to this course is process of building models to understand the macroeconomic behavior of the U.S.
economy, to forecast future possibilities, and to understand the policy options faced by the Federal Reserve
and the U.S. federal government.
STUDENT LEARNING OUTCOMES:
At the end of this course, students should demonstrate a solid understanding of modern macroeconomics at
the intermediate level. They should be able to think analytically using both verbal and quantitative tools
applied in this course to solve both theoretical as well as practical (real-world) problems, along with policies
aimed at attaining society’s macroeconomic goals. They should appreciate the importance of economics in
human endeavors and the value of rigorous economic training for evaluating social phenomena.
PREREQUISITES/RECOMMENDED BACKGROUND:
A grade of at least B– in Econ. 1050, plus a grade of at least B– in Math 112 (or at least C in Math 131).
Calculus is not necessary, but is very helpful. A clear knowledge of how to solve simultaneous equations is
absolutely required as is the understanding of graphs. Any fear of math will hurt your ability to understand
this course. It is also important to know what a statistical regression is and what it means.
REQUIRED TEXT:
Olivier Blanchard & David Johnson, Macroeconomics 7th edition (2017), plus additional readings.
COURSE WORK/EXPECTATIONS:
This course involves reading, writing, and 'rithmetic. There will be problem sets, short exams, and a final.
Problem sets involve short essays, problem solving, definitions, and the like. There will be no multiple choice
questions.
A term paper is required: You must write a paper describing and using the concepts and graphical models
developed in this class to understand policies discussed in one edition of the Economic Report of the
President. What were the major macroeconomic problems faced? What were the major macropolicy
initiatives recommended and actually put into practice? What were the results of these policies?
COMMENTS: This course is required for the Economics major.
Econ 3200: Intermediate Macroeconomics
Description: This is an intermediate course in macroeconomic theory. Students will use macroeconomic
models to study the topics such as the determination of national income, unemployment, inflation,
long-run growth, exchange rates, the balance of payments, and fiscal and monetary policy. This course
will be particularly challenging because it will require facility in both quantitative reasoning and writing.
Students will be required to develop the quantitative tools necessary to the derive properties of
economic models algebraically, visualize models graphically, and understand the basic intuition behind
the model’s mechanisms. In addition, students will use the writing process to apply the models to
understand recent macroeconomic developments, and engage in contemporary macroeconomic
debates. In applying the models to these topics, students will gain an understanding of the strength and
limits of the models.
COURSE TITLE: Econometrics
COURSE NUMBER: ECON3300
SECTION TIMES/DAYS: Section 1 MWF 11:30 - 12:30
Section 2: MWF 10:20 - 11:20
INSTRUCTOR: J. Earley
COURSE DESCRIPTION / PRINCIPAL TOPICS
Part 1
Part 2
Part 3
Review of introductory statistics plus Minitab, JMP, SAS,
Excel, Stata and Megastat procedures
The two variable model, hypothesis testing, forecasting,
functional forms of regression models, regression using dummy
explanatory variables, multiple regression, autocorrelation,
heteroscedasticity and multicollinearity.
Regression Analysis of survey data and matrix version of OLS.
STUDENT LEARNING OUTCOMES
Analysis of the linear regression model and its practical
applications in economics, finance, marketing, and other areas of business.
Emphasis is placed on the student learning to apply the techniques covered in
the course to the solution of real world problems.
Prerequisites/Recommended Background
Econ 2300 Introductory Statistics or equivalent is Required
Required Texts:
Gujarati: Essentials of Econometrics
Course Work/Expectations
4th edition
Student is expected to master the mechanics of regression analysis, model
building and the use of computer software in this area.
There will be four examinations, announced quizzes and computer projects. Past
experience indicates that there is a strong and significant statistical
correlation between student attendance, exam grades and thus the final grade.
Consistent attendance therefore is strongly suggested for this course.
COURSE TITLE:
COURSE NUMBER:
SECTION TIMES/DAYS:
INSTRUCTOR:
US Economic History
Econ 3400
MW, 2:20 to 3:50pm
Dr. Matthew J. Hill
COURSE DESCRIPTION/PRINCIPAL TOPICS
Historical study of the economic growth and institutional development of the U.S. economy
from the colonial era to the the twentieth century. We will take a global perspective and
examine why countries, like the US, have grown so rapidly while others have stagnated.
STUDENT LEARNING OUTCOMES
Students will understand the key institutions that allowed the US to develop into a economic
superpower.
PREREQUISITES/RECOMMENDED BACKGROUND
Econometrics
Writing skills
Passion for understanding economic development.
REQUIRED TEXT
None
COURSE WORK/EXPECTATIONS
1 Midterm Exams
1 Final Exam
1 Presentation
Regular Short Essays
Econ 3720 – International Finance Theory (spring 2017)
Course Catalog Description
“Introduction to foreign exchange markets and the determination of exchange rates.
Understanding balance of payments accounts, enacting policies to affect the current account, and
examining balance of payments crises. Overview of international policy coordination and the
international monetary system. Application of theory to current international issues.”
Course Description
The overarching theme of this course is the theory and policy implications of international
finance. International finance theory or open macroeconomics deals with balance of payments,
exchange rate dynamics, as well as with the efficacy and challenges of open macroeconomic
policy in an integrated global/international economy. Furthermore, this course will focus on the
effects of the international monetary system on the economies within Europe, sub-Saharan
Africa, South America and Asia.
Selected contemporary debates to be discussed in Econ 3720 - International Finance Theory:






Currency and financial crises
Issues surrounding currency and financial crisis prevention
The Greek Crisis and the European Union
Currency unions and regional monetary regimes – i.e., European Union, West African
Economic and Monetary Union
“Brexit”, the United Kingdom, and the European Union
China’s exchange rate policy
Course Outcomes
At the end of the semester, students will have (1) a solid understanding of exchange rates and
exchange rate regimes, global financial markets, and other themes within open macroeconomics,
(2) the ability to reason analytically using both the verbal and quantitative tools commonly
employed in international finance and, (3) know how to apply those tools to solve both
theoretical and practical real-world problems.
COURSE TITLE:
COURSE NUMBER:
SECTION TIMES/DAYS
INSTRUCTOR:
LOCATION
Economic Development
of Minority Communities
ECON 3740.01
TR 4:20-5:45 PM
Dr. Robert Singleton
UH 3212
COURSE DESCRIPTION/PRINCIPAL TOPICS
This course explores the controversial areas of the causes and effects of economic
disparities among America’s diverse ethnic groups. In particular, we will study the observed
differences in patterns and rates of economic and social disparity, some institutions that have
generated them and policies that have been proposed and/or implemented as solutions (as well as
some radical proposals).
The student will be introduced to the power of positive and normative analysis in the
formulation of public policies regarding the related problems of discrimination and poverty by
reviewing celebrated critiques from both sides of the issues. The end -products of the course (in
addition to examinations), will be a paper representing the student’s own ability to use
rudimentary economic analysis learned in this course to demonstrate the existence of “gross
statistical disparities” of the sort that, in the words the Supreme Court, “... may constitute a prima
facie proof of pattern or practice of discrimination.”
STUDENT LEARNING OUTCOMES
Knowledge: Student will be able to demonstrate a solid understanding of modern economics and
statistics it pertains to the understanding of the dynamics of minority community development.
Proficiencies: Students will be able to think analytically using both the verbal and quantitative
tools commonly employed in economics and to apply these tools to solve real-world problems.
Values: Students will appreciate the importance of economics in human endeavors and the value
of rigorous training for evaluating social phenomena and the ethical concerns that underlie
economic policy, including efficiency and equity.
PREREQUISITES/RECOMMENDED BACKGROUND
Econ 1050: Introduction to Microeconomics or Microeconomics
REQUIRED TEXTS
Schiller. The Economics of Poverty and Discrimination. Prentice-Hall, 2008, 10th edition.
(Additional material to be assigned and distributed)
Course Work/Expectations:
2 Midterms
1 Final
1 Term Project
COURSE TITLE:
Economics of Green Decision Making
COURSE NUMBER:
Econ 3998, EVST 3998
SECTION TIMES/DAYS:
MWF, 12:40 to 1:40am
INSTRUCTOR:
Dr. Sean D’Evelyn
COURSE DESCRIPTION/PRINCIPAL TOPICS
As we become more aware of the interconnections between our natural environment and human welfare, we as a
society are increasingly concerned with the potential for our decisions to have environmental consequences. In
this course, we will develop frameworks for how to assess the environmental impact of policies taken by
individuals, firms, and governments. We will also pay particular attention to the assumptions made in different
frameworks and try to assess when some assumptions are more valid than others.
STUDENT LEARNING OUTCOMES
As stated above, students will learn economic frameworks for assessing policies that can affect the environment.
Students will be expected to understand and be able to apply both the terminology and the methodology for
making green decisions. Students will be able to successfully create an evaluative process on an issue of
importance to either the LMU community or to Los Angeles.
PREREQUISITES/RECOMMENDED BACKGROUND
ECON 110
An open mind and sense of curiosity about our world
REQUIRED TEXT
Callan and Thomas. Environmental Economics and Management, 6th Edition.
COURSE WORK/EXPECTATIONS
2 Midterm Exams
1 Major Research Project
Regular Class Attendance
Class Participation
TERM: Spring 2017
COURSE TITLE: Industrial Organization
COURSE NUMBER: ECON 4500
SECTION TIMES/DAYS: TR 9:40-11:10am
INSTRUCTOR: Dr. Jennifer Pate
COURSE DESCRIPTION/PRINCIPAL TOPICS
This course is an analysis of firm behavior and market theory. We will examine classical models
of perfect competition, monopoly, and oligopoly. We will use tools from game theory, including
Nash and subgame perfect equilibrium to determine the equilibrium outcome given the
assumptions. Other important topics include price discrimination, mergers, anti-trust policy and
regulation, research and development and patents.
ECON 4500 now has an Oral Skills flag, so a portion of the course will be devoted to making
individual and group presentations across the semester, along with a final presentation as one
component of the final project.
STUDENT LEARNING OUTCOMES
After taking this course, students will be able to (1) critically assess the efficiency of a market
structure using microeconomic theory, (2) explain the costs and benefits of regulation and
antitrust policy, and (3) evaluate and recommend regulation and liberalization policies.
PREREQUISITES/RECOMMENDED BACKGROUND
MATH 112 (Math 131 preferred)
ECON 3100 (no exceptions!)
REQUIRED TEXTS
Industrial Organization, Contemporary Theory and Practice, Pepall, Richards and Norman,
Thomson South-Western, 4th edition or later.
COURSE WORK/EXPECTATIONS
The course work will consist of problem sets, a midterm exam, a final exam and a final project, as
well as individual and group presentations.
TERM:
COURSE TITLE:
COURSE NUMBER:
SECTION TIMES/DAYS:
INSTRUCTOR:
Spring 2017
Labor Economics
ECON 4540
Tuesdays 4:20-7:20
Dr. Michelle Miller
COURSE DESCRIPTION
As an introduction to labor economics, this course analyzes important trends in the U.S. labor market.
In order to study how labor markets work, the course will begin by analyzing labor demand decisions
made by profit-maximizing firms and labor supply decisions made by rational workers. We will also
examine the behavior of employers and employees and study their responses to changes in
government policies. Other topics include: compensating wage differential, human capital, labor
mobility, labor market discrimination and incentive pay.
This course places particular emphasis on the interaction between our theoretical and empirical
modeling. In order to study how labor markets work, the course will first build theories of the labor
market with empirical implications that can be tested with real world data. By looking at facts
through data and empirical findings, students can better understand the mechanisms of the labor
market.
The theoretical component of this course builds on and applies economic principles taught in Econ
310. The empirical component of this course makes extensive use of the econometric methods taught
in Econ 230 and 330. Students are expected to have a command of the material taught in these
prerequisites --- they are expected to know and be comfortable with quantitative methods such as total
differentiation and linear regression analysis.
STUDENT LEARNING OUTCOMES
Students will learn to extend their knowledge of microeconomic theory as it applies to the labor
markets. Upon successful completion of the course a student will be able to:
Demonstrate a theoretical understanding of the supply and demand of labor.
Explain returns to schooling, on the job training, migration, and education using human
capital theory.
•
Explain wage formation theory including compensating wage differentials and discrimination
and incentive pay.
•
Test these theories using empirical analysis.
PREREQUISITES
•
•
ECON 310 and ECON 330 are prerequisites
REQUIRED TEXT
George Borjas, Labor Economics, 7th Edition
COURSE WORK/EXPECTATIONS
This course will consist of readings assignments (and short responses), problem sets, midterm exams
and a final exam.
Econ 5320: Advanced Econometrics
This branch of economics uses mathematical and statistical tools to analyze economic phenomena.
Mathematical formulation, establishment of hypotheses, model construction, data collection, and
statistical estimation and inference. Required for the B.S. degree in Economics.
COURSE TITLE: Introductory Statistics
COURSE NUMBER: ECON 2300
SECTION TIMES/DAYS: Section 03 TR: 11:20am -12:50pm
Section 10 TR: 2:40 - 4:10pm
INSTRUCTOR: Dr. Zaki Eusufzai
COURSE DESCRIPTION/PRINCIPAL TOPICS
Descriptive statistics, probability, discrete random variables, continuous random
variables, sampling distributions, confidence intervals, hypothesis testing, comparing
population means, comparing proportions and chi-square tests, simple linear regression
analysis, multiple regression, model building, research design.
STUDENT LEARNING OUTCOMES
In this introductory statistics class we emphasize how to evaluate numbers and use this
knowledge to understand the world around us. Knowledge of statistics is indispensable for a
modern person, and the goal of this course is to make you statistics literate.
Specific learning outcomes include: possess basic statistical skills; be able to use
statistics in order to analyze and understand a problem; generate or gather real-world data
concerning statistical issues; write effectively about statistical concepts; orally communicate
statistical ideas well, presenting theories and evidence clearly.
PREREQUISITES/RECOMMENDED BACKGROUND
Math 112 recommended
REQUIRED TEXTS
Mann, P.S. : Statistics – Introductory Statistics, 9th ed. , John Wiley & Sons, 2016
COURSE WORK/EXPECTATIONS
There will be three exams, computer projects/assignments and in-class “workshops/practice
sessions”.
Spring 2017
COURSE TITLE: First Year Seminar: Individual, Society, and Utopia.
COURSE NUMBER: FFYS 1000 §1.
SECTION TIME/DAY: MWF 9:10-10:10 a.m., St. Robert’s 369
INSTRUCTOR: Dr. James Devine, 4227 U-Hall; phone: x82948; e-mail:
[email protected]
COURSE DESCRIPTION/PRINCIPAL TOPICS
This course examines the conflicts between individual desires and societal requirements under modern
capitalism, using the lens of utopian (eutopian and dystopian) novels, socioeconomic history, and political
philosophy. We analyze how societal institutions have been historically constructed and practiced and how
utopian thinking has responded, by reading both the novels and supporting readings. In this light, for
example, Plato's Republic is discussed as both the first clear example of utopian thinking and as a response to
the societal developments of his era.
There are three main dimensions to utopian thought. The first concerns time, the direction of desired
"progress": traditionalism vs. modernism. The second is that of individual vs. society: 19th century liberalism
vs. 20th century liberalism. The third is that of democracy vs. authoritarianism.
STUDENT LEARNING OUTCOMES:
At the end of this course, students should demonstrate a solid understanding of not only the main themes and
ideas of the eutopian and dystopian novels but also be able to write enough to attain or surpass LMU’s writing
standards.
PREREQUISITES/RECOMMENDED BACKGROUND:
None.
REQUIRED BOOKS (on-line or inexpensive paperbacks):
Plato's Republic (Cornford Transl.) selections.
More, Thomas. Utopia, Pocket [1516].
Heinlein, Robert. The Moon is a Harsh Mistress, Berkley [1966].
Pohl, F. and Kornbluth, C.M. The Space Merchants, St. Martin's [1952].
Bellamy, Edward. Looking Backward, Signet [1888].
Morris, William. News From Nowhere, Routledge [1890].
Orwell, George. 1984, any edition [1948].
Piercy, Marge. Woman on the Edge of Time, Ballantine [1976].
Heilbroner, Robert. The Worldly Philosophers, any edition.
COURSE WORK/EXPECTATIONS:
This course involves reading, discussion, and writing.
The term paper should center on the analysis of a eutopian or dystopian novel or a book concerning
utopian topics not discussed in this class, using "Questions about Utopian Novels: A Short List" (an in-class
hand-out) and your own questions.