Elements of Economic Analysis 1
Course Code
ECON 20000 10
Course Description
This course is an introduction to the "economic approach" as it is applied to consumer behavior. We will stress the notion that individuals maximize their well-being, as they conceive it, subject to resource constraints.
The course develops the necessary mathematical and graphical tools to carry out the analysis of the canonical utility maximization problem. We pay particular attention to the way in which the canonical model of individual behavior, ``the" utility maximization problem, provides a unified treatment of individual behavior, even in settings in which it may not be fully descriptive of the situation at hand.
We will also analyze the aggregation of individual decisions into group (market, in this case) aggregates. We will apply this basic model of human behavior to numerous areas such as the allocation of time (including home production), intertemporal choice, choice under uncertainty (including the economic of analysis of crime and the value of a statistical life) among others.
Course Criteria
Prerequisites: MATH 13300 (with prior completion of or at least concurrent with MATH 15250), MATH 15250 or 16300 (one year of College Calculus). Students must have taken multivariate calculus and an introductory level course in microeconomics to succeed in this course.
Instructor(s)
Victor Lima
Other Courses to Consider
These courses might also be of interest.
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We also discuss economic growth, business cycle, inflation and money.
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Introduction to EconometricsThe objective of this course is to introduce students to the practice of econometrics.
The course will focus on the use of multiple regression as a tool to establish causal relations.
The course emphasizes all steps of the process of empirical research: data collection, analysis, and presentation, both written and oral. Multiple examples of this process will be discussed.
You will be expected to read and evaluate existing research. You will apply the techniques discussed in class to a topic of your choosing. You will write a paper and present your results to the class.
Residential