5. Upper Level Electives

5. Upper Level Electives

(Note that as of Fall 2016 all upper level electives have 400-level numbers. Credit will still be given for upper level electives taken prior to Fall 2016 that had a 300-level number. Several upper level electives that were previously 400-level have also been given new, also 400-level, numbers. In either case, credit will only be given for either the course with the pre-Fall 2016 number or the course with the new number. Specifics are noted for each course individually whose number has changed. A full concordance of all courses whose numbers have changed, with the old and new number, is available here .)

01:220:483 Economics of Information (3)

Private and asymmetric information, moral hazard with optimal contracts, adverse selection with applications to signaling and screening, and incentive mechanisms such as auctions and tournaments. Prerequisites: 01:220:320; 01:960:211 or 285; 01:640:136 or 152.
(Credit not given for both this course and 01:220:407)

01:220:482 Game Theory and Economics (3)

Expected utility theory, zero and nonzero sum games, cooperative and noncooperative games, bargaining models, supergames, oligopoly, core market games, strategy-proof systems. Prerequisites: 01:220:320; 01:960:211 or 285; 01:640:136 or 152. Credit not given for both this course and any of the following: 01:220:406, or 01:640:355.

01:220:480: Behavioral and Experimental Economics (3)

Critical examination of the behavioral critique of economic theory; Methodological questions about the nature of knowledge and discovery in economics, and the role of observation and econometric methods, including analysis of data from controlled experiments, in evaluating existing theory. Prerequisites: 01:220:320, 01:220:322, 01:640:136 or 01:640: 152. Credit not given for both this course and 01:220:404.

01:220:481 Economics of Uncertainty (3)

Measurement of risk, attitudes toward risk, decision making under uncertainty, Bayesian decision theory, applications to asset markets. Prerequisites: 01:220:320; 01:960:211 or 285; 01:640:136 or 152.
Credit not given for both this course and 01:220:405.

01:220:478 Economies of the USSR and Russia (3)

Analysis of the former Soviet economic system and attempted reforms through Perestroika: the transition to markets in the post-Soviet era in Russia and the Commonwealth of Independent States. Prerequisites: 01:220:320, 321, and 322. (Credit not given for both this course and 01:220:378)