printer friendly pageECON 153: Economics of the Internet
Economic models and tools used to understand online market phenomena, including standards, network and platform economics, online transactions, advertising, auctions, information, communications, and networking. The contemporary economics literature on internet markets and mobile communications markets. Public policy issues in competition policy, communication policy, and support for innovation. Prerequisites:
ECON 51 and
ECON 102B.
Terms: Win
| Units: 5
| UG Reqs: WAY-SI
Instructors:
Bresnahan, T. (PI)
ECON 154: Law and Economics (PUBLPOL 106, PUBLPOL 206)
Law as a tool for correcting market and cognitive failures. Design and consequences of laws, given alternative policy objectives. Welfarist approach to legal policy; deontological perspectives including Kant, Mill, and Rawls. Economic efficiency and agent rationality, effects of law on expectations and incentives, balancing costs of type I and type II legal errors. Empirical studies of law's effects. Applications: property, tort, contract, antitrust, discrimination, crime, legal procedure. Examples chiefly from U.S. law, but analytical tools of general applicability. Prerequisite:
ECON 50.
Terms: Win
| Units: 4-5
| UG Reqs: WAY-SI
Instructors:
Owen, B. (PI)
ECON 155: Environmental Economics and Policy
Economic sources of environmental problems and alternative policies for dealing with them (technology standards, emissions taxes, and marketable pollution permits). Evaluation of policies addressing regional air pollution, global climate change, water allocation in the western U.S., and the use of renewable resources. Connections between population growth, economic output, environmental quality, and human welfare. Prerequisite:
ECON 50.
Terms: Win
| Units: 5
| UG Reqs: GER: DB-NatSci, WAY-SI
Instructors:
Goulder, L. (PI)
;
Saavedra Pineda, S. (TA)
ECON 156: Marine Resource Economics and Conservation (EARTHSYS 156M, HUMBIO 111M)
Economic and ecological frameworks to understand the causes of and potential solutions to marine resource degradation. Focus on conservation of marine biodiversity and ecosystem-based management. Applications include: commercial and recreational fisheries, marine reserves, and offshore energy production.
Last offered: Spring 2013
| UG Reqs: WAY-SI
ECON 157: Imperfect Competition
The interaction between firms and consumers in markets that fall outside the benchmark competitive model. How firms acquire and exploit market power. Game theory and information economics to analyze how firms interact strategically. Topics include monopoly, price discrimination, oligopoly, collusion and cartel behavior, anti-competitive practices, the role of information in markets, anti-trust policy, and e-commerce. Sources include theoretical models, real-world examples, and empirical papers. Prerequisite:
ECON 51.
Terms: Aut
| Units: 5
| UG Reqs: WAY-SI
Instructors:
Kastl, J. (PI)
ECON 158: Regulatory Economics
The history, economics, and legal background of the institutions under which U.S. industry is subject to government control. Topics: economics and practice of public utility regulation in the communications, television, transportation, energy, and postal delivery sectors and health and safety regulation. Emphasis on the application of economic concepts in evaluating the performance and policies of government agencies. Antitrust law will be introduced and discussed where necessary. Prerequisite: ECON 51or equivalent intermediate microeconomics course.
Terms: Win
| Units: 5
| UG Reqs: WAY-SI
Instructors:
Wolak, F. (PI)
ECON 160: Game Theory and Economic Applications
Introduction to game theory and its applications to economics. Topics: strategic and extensive form games, dominant strategies, Nash equilibrium, subgame-perfect equilibrium, and Bayesian equilibrium. The theory is applied to repeated games, voting, auctions, and bargaining with examples from economics and political science. Prerequisites: Working knowledge of calculus and basic probability theory.
Terms: Win
| Units: 5
| UG Reqs: WAY-FR, WAY-SI
Instructors:
Shelef, O. (PI)
;
Poon, W. (TA)
ECON 164: Law, Economics and Politics of International Trade
Examines aspects of the WTO system from legal and economic perspectives. Presents theoretical and empirical research in economics to develop both positive and normative themes regarding the WTO as an international institution. Overview of the economics of international cooperation on trade, and an introduction to the WTO as an institution and its core obligations. Topics may include: the dispute resolution system; the choice between multilateral and regional or bilateral trade agreements; the role of developing countries in the WTO; and the relationship between WTO law, domestic regulation and national sovereignty. Prerequisite:
Econ 51 or equivalent undergraduate microeconomics.
Terms: Win
| Units: 5
| UG Reqs: WAY-SI
Instructors:
Bagwell, K. (PI)
ECON 165: International Finance
Introduction to international macroeconomics. Topics: intertemporal approach to the current account, real and nominal exchange rate determination, fiscal and monetary policy in open economies, sovereign debt, crises in international financial markets. Prerequisite:
ECON 52.
Terms: Aut, Sum
| Units: 5
| UG Reqs: WAY-SI
Instructors:
Desmet, K. (PI)
ECON 166: International Trade
Different sources of comparative advantage in production and trade among nations. Aggregate gains from trade, winners and losers from globalization. International migration, outsourcing and multinational companies. Trade policy and international trade agreements. Theory, empirical evidence, and real-life anecdotes.Lectures supplemented by in-class debates on current topics from the popular press. Prerequisite:
ECON 51.
Terms: Spr
| Units: 5
| UG Reqs: WAY-SI
Instructors:
Manova, K. (PI)
;
Lee, S. (TA)
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