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UCSB 2009-2010 General Catalog

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Search by subject area and course number. Refer to this list of subject areas and their corresponding department.

Tip: A search for the subject area, for example, querying just "HIST" (without quotes), will return all courses of the queried subject area. Searching using subject area and number, such as "HIST 17" (without quotes), would return all courses in the series; in this example that would include HIST 17A, 17AH, 17B, etc.

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ECON 1 - Principles of Economics-Micro
(4) Bergstrom, Crouch, Sonstelie
An introduction to microeconomic analysis. Economic theory related to demand, production, competitive and non-competitive product markets, input markets, and welfare. Applications of microeconomic theory including its use in evaluating and forming public policy.



ECON 2 - Principles of Economics-Macro
(4) STAFF
Prerequisites: Economics 1.
An introduction to macroeconomic analysis. Analysis of income, employment, and price level. Applications of macroeconomic theory including its use in evaluating and forming public policy.



ECON 3A - Financial Accounting
(4) Nisbet, Loster, Sander
A two-quarter series providing an introduction to the purposes, concepturalframework, measurement principles and reporting issues of accounting. Particular emphasis will be placed on the links between accounting, economics, and finance.



ECON 3AH - Financial Accounting - Honors
(1) STAFF
Prerequisites: Concurrent with Econ 3A.
Students receive one unit for the honors seminar. Intended for highly motivated and well prepared students.



ECON 3B - Financial Accounting
(4) Nisbet, Loster, Sander
Prerequisites: Economics 3A.
A two-quarter series providing an introduction to the purposes, conceptual framework, measurement principles and reporting issues of accounting. Particular emphasis will be placed on the links between accounting, economics, and finance.



ECON 3BH - Financial Accounting - Honors
(1) STAFF
Prerequisites: Concurrent with Econ 3B.
Students receive one unit for the honors seminar. Intended for highly motivated and well prepared students.



ECON 100A - Intermediate Microeconomic Theory
(4) Garratt, Stuart, Bergstrom
Prerequisites: Economics 1 and 2, or 109; PSTAT 5E or PSTAT 120A; Mathematics 34A-B or 3A-B or equivalent.
Economic theory relating to demand, production, and competitive product markets with emphasis on applications of theory.



ECON 100B - Intermediate Microeconomic Theory
(4) Bergstrom, Deacon, Garratt
Prerequisites: Economics 100A.
Economic theory relating to imperfectly competitive product markets, input market, and welfare, with emphasis on applications. Includes an introduction to game theory.



ECON 100C - Intermediate Microeconomic Theory
(4) STAFF
Prerequisites: Economics 100A-B or 104A-B.
Covers topics including externalities, law and economics, information technologies, public goods and asymmetric information. These topics are essential to understanding real markets, but are currently not included in the Economics 100A-B sequence.



ECON 101 - Intermediate Macroeconomic Theory
(4) Morgan
Prerequisites: Economics 100A.
Contemporary analysis of income, employment, price level, and public policy using static general equilibrium framework with emphasis on applications of theory. Long term economic growth is also covered.



ECON 104A - Intermediate Microeconomic Theory
(4) Qin
Prerequisites: Economics 1 and 2, or Economics 109; PSTAT 5E or 120A; and Mathematics 3A-B-C.
Economic theory relating to demand, production, and competitive product markets, using techniques from the calculus.



ECON 104B - Intermediate Microeconomic Theory
(4) Qin
Prerequisites: Economics 104a.
Economic theory relating to imperfectly competitive product markets, input markets, and welfare, using techniques from the calculus. Basic capital theory and game theory are covered.



ECON 105 - Intermediate Macroeconomic Theory
(4) STAFF
Prerequisites: Economics 100A or 104A; and Mathematics 3A-B-C.
Contemporary analysis of income, employment, and price level and public policy using a static general equilibrium framework with emphasis on pure theory and use of techniques from the calculus.



ECON 106 - Managerial Economics
(4) Sengupta
Prerequisites: Mathematics 3A-B or 34A-B, and Economics 100A-B or 104A-B.
Economic principles will be applied to practical decision-making situations. Methods of price and output determination, capital budgeting, and choices under uncertainty. Methods of economic analysis and their application will be emphasized.



ECON 109 - Introduction to Economics
(4) Watson, Phillips
A broad survey of economic principles, including both microeconomics and macroeconomics.



ECON 111 - Economic History of Ancient Civilization
(4) Mercer
Prerequisites: Economics 1 and 2; or 109.
A survey of the economies of the ancient Near East, Egypt, Greece, and Romewith emphasis on important issues in their economic history.



ECON 112A - European Economic History to 1850
(4) Mercer
Prerequisites: Economics 1 and 2 or Economics 109.
Analysis of the economic development of Europe from the Middle Ages throughthe English Industrial Revolution.



ECON 112B - European Economic History Since 1850
(4) Mercer
Prerequisites: Economics 1 and 2 or Economics 109.
Analysis of the economic development of Europe since the English IndustrialRevolution.



ECON 113A - Economic History of the United States to 1900
(4) Mercer
Prerequisites: Economics 1 and 2 or 109.
Key issues and episodes in American economic history, such as the sources of economic growth, slavery, and the nineteenth-century southern economy. Populism and the rise of regulation, and macroeconomic history.



ECON 113B - Twentieth-Century United States Economic History
(4) Mercer
Prerequisites: Economics 1 and 2 or 109.
A survey of U.S. economic development in the twentieth century with emphasis on issues related to the growth, instability, and distribution of income. The impact of public policy on economic growth, instability, and income distribution will be an important theme of the course.



ECON 114 - Economic Development
(4) STAFF
Prerequisites: Economics 1 and 2, or 109.
Applications of economic theory to the problems of developing nations.



ECON 115 - Environmental Economics
(4) Kolstad
Prerequisites: Economics 100A and 100B.
Course provides a rigorous treatment of environment economics. Topics include welfare analysis, ethical dimensions of economic criteria for protecting the environment, measuring the demand for environmental goods, property rights, economic incentives, including marketable permits and emission fees, and regulating risk.



ECON 116A - Industrial Organization Principles
(4) Krouse, Comanor
Prerequisites: Economics 100B or 104B.
Analysis of competition, monopolistic competition, oligopoly, and monopoly theories and practices.



ECON 116B - Economic Regulation
(4) Krouse, Comanor
Prerequisites: Economics 116A.
Natural monopoly and the theory of its regulation, including incentive compatible mechanisms. Review of regulatory practice in industries such as electric power generation and distribution, trucking and rail transport, and telecommunications. Franchise bidding mechanisms in cable television and cellular telephony.



ECON 116C - Antitrust Economics
(4) Krouse, Comanor
Prerequisites: Economics 100B or 104B.
The antitrust treatment of monopoly and monopolization, including both horizontal and vertical market arrangements and controls, and indepth analyses of major antitrust decisions.



ECON 117A - Law and Economics I
(4) Frech
Prerequisites: Economics 100B or 104B.
Application of economic analysis to the law. Includes an introduction to common law, constitutional law, and legal processes. Topics may include property law, contract law, and tort law.



ECON 118 - Financial Accounting Analysis and Planning
(4) Watson, Loster, Maass
Prerequisites: Economics 2 or 109; and Economics 3B and Pstat 5E or Pstat 120A.
An economic analysis of financial statements in a macroeconomic environment. Topics include evaluation of short term and long term liquidity, profitability, capital structure and the forecast of earnings and financial position using financial and economic models.



ECON 118H - Financial Accounting Analysis and Planning - Honors
(1) STAFF
Prerequisites: Concurrent enrollment in Econ 118.
Students receive one unit for the honors seminar. Intended for highly motivated and well prepared students.



ECON 119 - United States Business History
(4) Mercer
Prerequisites: Economics 1 and 2 or 109.
A survey of the development and change of business organization in the United States in the context of the growth and development of the economy and changes in society. Particular attention is paid to the relationship between business and government.



ECON 120 - Urban and Regional Economics
(4) STAFF
Prerequisites: Economics 100B or 104B.
Economic analysis applied to current urban and regional problems.



ECON 122 - Natural Resource Economics
(4) Deacon
Prerequisites: Economics 100B or 104B.
Microeconomic theory and capital theory applied to problems of conservationand management of natural resources. Analysis of public policy with specialemphasis on nonrenewable energy resources, management of forests, deforestation and species extinction, and use of fish and game resources.



ECON 128 - Literature and Economics
(4) Decanio
Prerequisites: Upper-division standing.
Issues in history, political economy and social theory as reflected in major works of literature. Content and readings will vary from quarter to quarter. Extensive writing by students will be required.



ECON 130 - Public Finance
(4) Morgan, Stuart
Prerequisites: Economics 100B or 104B and 101 or 105.
Fiscal theory and policy. Incidence and effects of taxation, government expenditure programs, and benefit cost analysis.



ECON 132A - Auditing
(4) Loster
Prerequisites: Economics 118 and 136A-B-C; open to business economics, economics, and economics math majors only.
Developing and understanding of concepts and practices for audits of finacial statements. Studying professional standards, ethics, and legal liability. The audit process is covered in-depth: planning, internal control, audit risk, materiality, evidence, program design, sampling, completing the audit, and reporting.



ECON 132AH - Auditing - Honors
(1) STAFF
Prerequisites: Concurrent enrollment in Econ 132A.
Students receive one unit for the honors seminar. Intended for highly motivated and well prepared students.



ECON 132B - Forensic Accounting
(4) Loster
Prerequisites: Economics 132 or 132A; open to business economics, economics, and economics math majors only.
Application of special skills in accounting, auditing, finance, quantitative methods, certain areas of the law, research, and investigative skills for the purpose of resolving financial issues in a manner that meets standards required by courts of law. Topics include accounting and legal fundamentals, tools and techniques, and selected applications: financial statement fraud, fraud against the organization, tax fraud, bankruptcy, divorce, and identity theft, organized crime and terrorism investigation, business valuation, and dispute resolution and litigation services. Case studies and guest speakers are used.



ECON 132BH - Forensic Accounting - Honors
(1) STAFF
Prerequisites: Concurrent enrollment in Econ 132B.
Students receive one unit for the honors seminar. Intended for highly motivated and well prepared students.



ECON 133 - Topics in Macroeconomic Theory
(4) Bohn
Prerequisites: Economics 101 or 105.
Topics may include fiscal policy and government budget deficits, monetary policy and inflation, investment and economic growth, theories of the business cycle, rational expectations and the Lucas critique, optimal taxation and the time consistency of government policies. Content may vary from year to year.



ECON 134A - Financial Management
(4) LeRoy
Prerequisites: Economics 100B or 104B.
Discounting of certain future cash flows. Principles of evaluation of investment projects. Demand and supply of investment funds. Risk and the valuation of asset prices. Analysis of a firm's debt and dividend policies;the effect of taxes and inflation on these policies.



ECON 134B - Financial Management
(4) Leroy
Prerequisites: Economics 134A.
This course is devoted to the testing and application of theories developedin Economics 134A. Rhe specific characteristics and uses of warrants, options, futures, bonds, and stocks are studied. The microcomputer lab may be used for homework projects.



ECON 135 - Monetary Economics
(4) Bohn
Prerequisites: Economics 101 or 105.
Survey of monetary theory, the banking system and the supply of money, monetary policy, and current issues.



ECON 136A - Intermediate Accounting
(5) STAFF
Prerequisites: Economics 118.
An in-depth analysis of recognition, measurement, classification, and valuation issues in financial reporting within the framework of generally accepted accounting principles. Case studies and microcomputer analysis software will be integrated into the course.



ECON 136AH - Intermediate Accounting - Honors
(1) STAFF
Prerequisites: Concurrent enrollment in Econ 136A.
Students receive one unit for the honors seminar. Intended for highly motivated and well prepared students.



ECON 136B - Intermediate Accounting
(4) STAFF
Prerequisites: Economics 136A.
An in-depth analysis of recognition, measurement, classification, and valuation issues in financial reporting within the framework of generally accepted accounting principles. Case studies and microcomputer analysis software will be integrated into the course.



ECON 136BH - Intermediate Accounting - Honors
(1) STAFF
Prerequisites: Concurrent enrollment in Econ 136B.
Students receive one unit for the honors seminar. Intended for highly motivated and well prepared students.



ECON 136C - Intermediate Accounting
(4) STAFF
Prerequisites: Economics 136A-B.
An in-depth analysis of recognition, measurement, classification, and valuation issues in financial reporting within the framework of generally accepted accounting principles. Case studies and microcomputer analysis software will be integrated into the course.



ECON 136CH - Intermediate Accounting - Honors
(1) STAFF
Prerequisites: Concurrent enrollment in Econ 136C.
Students receive one unit for the honors seminar. Intended for highly motivated and well prepared students.



ECON 137A - Managerial Accounting
(4) Watson, Loster, Maass
Prerequisites: Economics 1, 2, 3A-B.
A two quarter series covering the theory and application of managerial accounting concepts. The course investigates the interaction between economic theory, financial accounting, and management decision making for planning and control.



ECON 137B - Managerial Accounting
(4) Watson, Loster, Maass
Prerequisites: Economics 1, 2, and 3A-B.
A two-quarter series covering the theory and application of managerial accounting concepts. The course investigates the interaction between economic theory, financial accounting, and management decision making for planning and control.



ECON 137BH - Managerial Accounting - Honors
(1) STAFF
Prerequisites: Concurrent with Econ 137B.
Students receive one unit for the honors seminar. Intended for highly motivated and well prepared students.



ECON 138A - Income Taxation
(4) STAFF
Prerequisites: Economics 3A-B.
An introduction to taxation. The basic theories, concepts, and general rules of federal income tax and their interrelationships with personal, business, and financial transactions. The course provides an understanding of tax policies and the interrelationship between tax and financial decisions.



ECON 138B - Income Taxation
(4) STAFF
Prerequisites: Economics 138A.
An introduction to taxation. The basic theories, concepts, and general rules of federal income tax and their interrelationships with personal, business, and financial transactions. The course provides an understanding of tax policies and the interrelationship between tax and financial decisions.



ECON 139 - Advanced Accounting
(4) Harmon
Prerequisites: Economics 136A-B.
Accounting for business combinations and preparation of consolidated financial statements, principles of fund accounting (governmental and non-profit entities), foreign currency translation and transactions, partnership formation, operation, and liquidation.



ECON 139H - Advanced Accounting - Honors
(1) STAFF
Prerequisites: Concurrent with Econ 139.
Students receive one unit for the honors seminar. Intended for highly motivated and well prepared students.



ECON 140A - Introduction to Econometrics
(4) Steigerwald
Prerequisites: Economics 100B or 104B; Economics 101 or 105; and Statistics & Applied Probability 120A.
Estimation and hypothesis testing in classical linear regression models as well as violations of each classical assumption. Discrete dependent variable models and systems of simultaneous equation are also covered.



ECON 140B - Introduction to Econometrics
(4) STAFF
Prerequisites: Economics 140A.
Time-series econometrics including stationary ARMA models, estimation and hypothesis testing in the presence of unit roots, and financial models withconditional heteroskedasticity.



ECON 140C - Introduction to Econometrics
(4) STAFF
Prerequisites: Economics 140A-B.
Applied econometrics. An emprirical project forms the basis of the course, designed to build on the principles taught in Economics 140A. Lectures concentrate on tools of applied analysis and may include, limited-dependentvariable models, duration analysis, and system estimation.



ECON 143 - Mathematical Economics
(4) Sengupta
Prerequisites: Economics 104B and 105.
Application of mathematics to selected topics in micro- and macroeconomic theory.



ECON 150A - Labor Economics
(4) Bedard, Deschenes, Kuhn
Prerequisites: Economics 100B or 104B.
Analyzes the determinants of labor supply, labor demand, and equilibrium. Topics include the work-incentive effects of income-support programs and the effects of immigration on labor markets.



ECON 150B - Labor Economics
(4) Kuhn, Bedard, Deschenes
Prerequisites: Economics 100B or 104B.
Analyzes the structure of wages. Determinants of earnings studied include compensating differentials, human capital in the form of education and training, and immigrant assimilation.



ECON 152 - Personnel Economics
(4) Kuhn
Prerequisites: Economics 100B or 104B.
Studies the allocation and pricing of labor within firms. Topics covered include employee selection, design of optimal piece rates, advantages and disadvantages of seniority-based pay, tournaments and promotions, and incentives in team production.



ECON 153 - Economics of Education
(4) Bedard
Economic theory, basic econometric techniques as they apply to economics of education. Specific areas of focus include production and financing of education, contribution of education to economic growth and development, organization of education industry, and bias and discrimination in education.



ECON 155 - Economics of Insurance
(4) Marshall
Prerequisites: Economics 100B or 104B.
Topics may include behavior under uncertainty, markets in contingent claims, insurance law and institutions, insurance as financial management, valuation of insurance companies, regulation of insurance, disaster insurance, health insurance, moral hazard, adverse selection, public policy toward insurance.



ECON 160 - Economics of Crime and Justice
(4) Phillips, Votey
Prerequisites: Economics 1 and 2 or 109.
Examines social policy to minimize the losses to crime and the costs of crime control. Develops the economics of crime generation, law enforcement, prosecution, corrections, and punishment.



ECON 170 - Health Economics
(4) Frech
Prerequisites: Economics 10A or 100A or 104A, and Economics 100B or 104B
Application of economic and statistical principles to health and health services. Topics may include the determinate of health, demand for health care and health insurance, competition and monopoly in health care and insurance of health care, HMOs and managed care plans, public policy and international comparisons.



ECON 171 - Introduction to Game Theory
(4) Proulx
Prerequisites: Economics 134A or Math 3C.
A rigorous study of strategic interaction. Topics include normal and extensive form games, existence and uniqueness of equilibrium, randomization, minimax, dynamics and equilibrium selection, auctions and bargaining, principle-agent incentives, voting, private contributions to public goods, oligopoly competition, market entry and burning money, wars of attrition.



ECON 174 - Negotiations
(4) Charness
Prerequisites: Economics 1 and 2 and 10A or 100A; PSTAT 5E or PSTAT 120A; Mathematics 34A-B or 3A-B or equivalent.
Applied theories as guides to improving negotiations. Develop and sharpen negotiating skills by participating in realistic negotiating simulations. A number of cases will be presented; individuals make choices about actions and tactics within the negotiation.



ECON 175A - Global Environmental Protection
(4) Decanio
Prerequisites: Economics 100B or 104B.
The economics, politics, and science of global environmental change, with respect to the stratospheric ozone layer, the global climate, and biodiversity. Topics include the role of national governments, international negotiations and agreements, equity efficiency issues in policy design, and private-sector responses to environmental challenges.



ECON 175B - Boundaries of Economics in Environmental Analysis
(4) Decanio
Prerequisites: Economics 175A.
Limits of economic knowledge and economic modeling, areas in which ethical issues overlap with economic analysis (such as discounting and valuation), equity issues in environmental protection, and the political economy of environmental policy-making (including national security issues). These and other topics are emphasized according to the instructor's specialialization.



ECON 176 - Experimental Economics
(4) Charness
Prerequisites: Economics 1 and 2 and 10A or 100A; PSTAT 5E or PSTAT 120A; Mathematics 34A-B or 3A-B or equivalent.
Introduction to the idea that economics, like all of the natural sciences, can be a laboratory science. Focus on performing and engaging in experiments. Students design experiments and discuss the designs of others.



ECON 177 - Auction
(4) Staff
Prerequisites: Econ 10A or 100A, and ECON 100B, and Math 34AB or Math 3AB, and PStat 5E or PStat 120A.
Auction theory and its applications. Gain insight into how different auction rules influence bidding behavior and impact seller revenue. The course covers private and common value auctions. Topics include the revenue equivalence theorem and the winner's curse.



ECON 180 - International Trade
(4) McAusland
Prerequisites: Economics 10A or 100A or 104A, and Economics 100B or 104B
International trade theory and policies with examples from current issues and problems.



ECON 181 - International Finance
(4) STAFF
Prerequisites: Economics 10A or 100A or 104A, and Economics 100B or 104B, Economics 101 or 105.
International money and capital markets and their impact on the domestic and world economies; international financial institutions and policies.



ECON 182 - International Accounting and Financial Management
(4) Nisbet
Prerequisites: Economics 118 and 134A.
Accounting and financial management issues in the multinational enterprise including the global development of accounting and disclosure practice, international reporting and the management of global enterprise resources.



ECON 183 - Economics of Entrepreneurship
(4) STAFF
Prerequisites: Economics 1 and 2, or 109.
Study of entrepreneurs as risktakers, innovators, combiners of resources, and managers, and of the legal and institutional environments that encourage (and discourage) such activity.



ECON 184 - Decisions Under Uncertainty
(4) Marshall
Prerequisites: Economics 1 and 2; and, PSTAT 5E or 120A.
Analysis of decision-making by businesses, consumers, and public agencies when conditions are uncertain. Topics include probability, utility, maximization, representation of decision problems in practical applications, updating probabilities in light of new data, and valuation of information.



ECON 185 - Information Systems
(4) Owen
Prerequisites: Economics 1 and 2 and 10A or 100A; PSTAT 5E or PSTAT 120A; Mathematics 34A-B or 3A-B or equivalent
A study of the analysis, design, and implementation of accounting information systems.



ECON 187 - Corporate Finance
(4) Lowes
Prerequisites: Economics 1 and 2 and 10A or 100A; PSTAT 5E or PSTAT 120A; Mathematics 34A-B or 3A-B or equivalent.
Financial function organization, management theories, financial careers and cross functional relationships, and issues and challenges for the future. Develop functional organizational awareness, career perspective and jump start effectiveness, leadership, team management skills and success.



ECON 189 - Business Law and Ethics
(4) Schneider
Prerequisites: Economics 1 and 2 and 10A or 100A; PSTAT 5E or PSTAT 120A; Mathematics 34A-B or 3A-B or equivalent
Course provides a basic understanding of ethics and the legal framework within which U.S. businesses operate. Includes a broad overview of court procedures and in-depth coverage of selected topics including contracts, securities, and property rights.



ECON 191 - Special Topics in Economics
(4) STAFF
Lectures in special areas of interest in economics. Consult the department office regarding proposed course topics.



ECON 193 - Internship in Economics
(1) STAFF
Prerequisites: Open to Business Economics, Business Ecnomics with Accounting, Economics, and Economics/Mathematics majors only.
Course enables students to obtain credit for economics-related internship experience. A seven to eight page written report is required and evaluated for credit.



ECON 194 - Group Studies
(1-4) STAFF
Prerequisites: Upper-division standing; consent of instructor.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194AA - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing and admission by special arrangement.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194BB - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing and admission by special arrangement.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194CC - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing and admission by special arrangement.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194CS - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing; consent of instructor.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194DC - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing and admission by special arrangement.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194DM - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing; consent of instructor.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194ER - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 194FI - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing and admission by special arrangement.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194FM - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing; consent of instructor.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194GS - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing; consent of instructor.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194MA - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing; consent of instructor.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194MD - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing; consent of instructor.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 194MS - Group Studies
(1-5) STAFF
Prerequisites: Upper-division standing and admission by special arrangement.
Intensive study and research on a topic in economics selected by the student with the guidance and approval of a faculty member.



ECON 196A - Senior Honors Seminar
(4) STAFF
Prerequisites: Admission to department of Economics Senior Honors Program.
Students undertake independent research project(s) under direction of faculty member. The research results are presented as an honors paper at the end of the second term (196B).



ECON 196B - Senior Honors Seminar
(4) LeRoy
Prerequisites: Economics 196A.
Students undertake independent research project(s) under direction of faculty member. The research results are presented as an honors paper at the end of the second term (196B).



ECON 199 - Independent Studies in Economics
(1-5) STAFF
Prerequisites: Upper-division standing in the major; completion of 2 upper-division coursein Economics; consent of department and instructor.
Coursework shall consist of academic research supervised by a faculty member. This course is not intended for internship.



ECON 199RA - Independent Research in Economics
(1-5) STAFF
Prerequisites: Upper-division standing; completion of 2 upper-division courses in Economicconsent of instructor and department.
Course work shall consist of faculty supervised research.



ECON 204A - Macroeconomic Theory
(4) Bohn
Prerequisites: Economics 210A-B.
Introduction to modern macroeconomics. Study of economic growth and dynamicoptimization. Representative agent, overlapping generations and monetary models will be covered.



ECON 204B - Macroeconomic Theory
(4) STAFF
Prerequisites: Economics 204A.
Modern business cycle analysis, fiscal and monetary policy in a dynamic framework.



ECON 205A - Economic Decisions
(4) Comanor
Prerequisites: Knowledge of differential calculus and economic theory. Economics 100A-B, Economics 101 or equivalent courses.
This course presents the basic concepts of microeconomics by emphasizing their application to actual situations and their use in problem-solving. It covers the theory of choice in the first term and the theories of the firm and of markets in the second.



ECON 205B - Economic Decisions
(4) Comanor
Prerequisites: Knowledge of differential calculus and economic theory. Economics 100A-B, Economics 101 or equivalent courses.
The basic concepts of microeconomics, emphasizing their application to actual situations and their use in problem-solving. Covers the theory of choice in the first term and the theories of the firm and of markets in the second.



ECON 206 - Operations Research
(4) Sengupta
Prerequisites: Economics 205A or 205B.
Applied methods of operations research selected from linear and quadratic programming, data envelopment analysis, inventory management, and queuing models.



ECON 208 - Topics in Macroeconomic Theory and Policy
(4) STAFF
Prerequisites: Economics 100A-B and 101, or equivalent.
Keynesian, New-Classical, and New-Keynesian theory of income determination,and policy prescriptions thereof. Additional topics include rational expectations and policy effectiveness, introduction to the intertemporal approach in macroeconomics, modern business cycle theory, and theory and evidence on economic growth.



ECON 209 - Introduction to Operations Management
(4) Sengupta
Prerequisites: Mathematics 3B or equivalent.
Managerial applications of optimization techniques, production scheduling, project management, and waiting line models.



ECON 210A - Theory of Consumption and Production
(4) Garratt, Kohlstad, Marshall
Prerequisites: Mathematics 3A-B-C; and, Economics 104A-B, or Economics 205A-B.
Preferences, revealed preference, utility, constrained optimization, demand, expenditure, indirect utility, cost, production, and profit.



ECON 210B - Game Theory
(4) Garratt, Qin
Prerequisites: Mathematics 3A-B-C; and Economics 104A-B, or Economics 205A-B.
Risk, expected utility, cooperative games, non-cooperative games, equilibrium, duopoly, oligopoly, bargaining and auctions.



ECON 210C - Markets and Incentives
(4) Kolstad, Marshall
Prerequisites: Economics 210A-B.
Partial equilibrium methods for the analysis of competitive markets, monopoly, externalities and public goods; applications of game theory to oligopoly; topics in asymmetric information, including adverse selection, signaling and screening.



ECON 210D - General Equilibrium and Welfare
(4) Marshall, Proulx
Prerequisites: Economics 210C.
Existence of general, price-taking equilibrium, welfare theorms, examples, the core, equilibrium in risk markets, and intertemporal equilibrium.



ECON 211A - The Economic Foundations of Human Behavior
(4) STAFF
Theoretical analysis of human capital accumulation, the allocation of time,household production, and the family as a decision making unit with respectto non-market behavior. Application of the preceding to such topics as fertility, marriage, criminality, health, education, discrimination.



ECON 214A - Economic Development
(4) Sengupta
The study of problems faced by the less developed countries. Elements of new growth theory. Endogenous growth and learning by doing. Topics considered include population growth, labor supply, capital accumulation, openness in trade, and technological change.



ECON 214B - Economic Development
(4) STAFF
A study of the special problems faced by the less developed countries and the initial conditions and economic mechanisms that must be taken into account in raising living standards. Topics considered include population growth, labor supply, capital accumulation, the use of foreign resources, and effects of technological change.



ECON 216A - Organization of Industry
(4) Comanor, Frech, Krouse
Theoretical and empirical analyses of "imperfect" competition. Individual or firm optimization and market equilibrium are considered. Topics include oligopoly, monopolistic competition, information, determinants of market structure, complex pricing, vertical relations. Antitrust, regulatory, and government ownership policies will be examined.



ECON 216B - Organization of Industry
(4) Comanor, Frech, Krouse
Theoretical and empirical analyses of "imperfect" competition. Individual or firm optimization and market equilibrium are considered. Topics include oligopoly, monopolistic competition, information, determinants of market structure, complex pricing, vertical relations. Antitrust, regulatory, and government ownership policies will be examined.



ECON 225 - Heterogeneous Agent Macroeconomics
(4) Kapicka
Study dynamic general equilibrium models with heterogeneous agents. Cover economies where aggregation is possible, economies with exogenously incomplete markets and economies where the market incompleteness is endogenous due to limited commitment or private information.



ECON 229 - Macroeconomics Theory and Policy
(4) Bohn
Prerequisites: Economics 204A and 204B.
Covers dynamic fiscal policy, including optimal taxation and government debt management, time consistency problems of fiscal and monetary policy, government deficits and their effects on the economy, and other advanced topics in macroeconomics.



ECON 230A - Public Finance
(4) Bergstrom, Shapiro, Sonstelie
Public goods, taxation, and expenditure theory.



ECON 230B - Public Finance
(4) Bergstrom, Shapiro, Sonstelie
Topics vary; public debt management and fiscal policy; advanced topics in public expenditure and taxation theory; analysis of collective choice, political processes, and group decision making.



ECON 230C - Public Finance
(4) Sonstelie
Prerequisites: Economics 230A-B.
Reading and discussion of selected topics and recent literature in public finance and public economics. Emphasis on the development of dissertation research topics. Student presentations required. Course outline and readings will vary from quarter to quarter.



ECON 234A - Introduction to Finance
(4) Mehra
Basic principles of financial management and an introduction to the subjects covered in subsequent courses in the Economics 234 sequence. Topics include financial planning, investment criteria, capital structure, and principles of asset valuation.



ECON 234B - Theory of Finance
(4) STAFF
Rigorous treatment of asset pricing theory. The economics of intertemporal choice and choice under uncertainty are developed and applied to financial markets. Theories of asset pricing are covered including the capital asset pricing model, arbitrage pricing theory, and option pricing theory.



ECON 235A - Finance
(4) LeRoy
Prerequisites: Economics 210A-B or 204A.
Individuals' optimal consumption/portfolio choice under uncertainty and implied asset valuation. Rigorous treatment of the traditional linear asset pricing relations; mean-variance CAPM and APT, and the equilibrium valuation; consumption-based intertemporal asset pricing models.



ECON 235B - Finance
(4) LeRoy, Mehra
Prerequisites: Economics 210D; Economics 204A or 208; Economics 235A.
Covers the integration of dynamic capital theory and the theory of finance,multiperiod general equilibrium pricing models and tests of those models.



ECON 235C - Topics in Finance
(4) STAFF
Prerequisites: Economics 235A-B.
Reading recent papers in finance and conducting original research.



ECON 237 - Financial Management
(4) Watson
Prerequisites: Consent of instructor; not open to UCSB Economics M.A. candidates.
An introduction to concepts from accounting, economics and finance crucial to understanding the operation of business firms in a market economy. Topics include costs, profits, supply, demand, inflation, capital markets, present value, risk, debt, equity, balance sheets, and income statements.



ECON 240A - Introduction to Econometrics
(4) Phillips, Shapiro
Prerequisites: PSTAT 5E.
Review of probability and statistics with application to statistical decision theory, inference, interval estimation, and hypothesis testing. Introduction to the linear regression model and analysis of variance with applications to the estimation of applied economic models.



ECON 240B - Econometrics with an Emphasis on Cross Section Analysis
(4) Frech, Shapiro
Prerequisites: Economics 240A.
Extension to multiple regression analysis. Study of various problems, such as heteroskedasticity, serial correlation, non-orthogonal errors, and nested hypothesis testing. Emphasis on oral and written presentation of research projects.



ECON 240C - Econometrics With an Emphasis on Time Series and Forecasting
(4) Phillips
Prerequisites: Economics 140A, 240B, or 241C.
Time series econometrics with an emphasis on business forecasting. Study of various methods of econometric forecasting including statistical decision theory, Box-Jenkins, adaptive methods, single and simultaneous structural equation models.



ECON 241A - Econometrics
(4) Bohn
Prerequisites: Mathematics 3A-B-C or equivalent.
Elements of probability and statistics for econometrics. Probability density functions, moment-generating functions, central limit theorems, method of maximum likelihood.



ECON 241B - Econometrics
(4) Steigerwald
Prerequisites: Economics 241A.
The intuition and theory underpinning estimation of single and multiple equation regression models.



ECON 241C - Econometrics
(4) STAFF
Prerequisites: Economics 241B.
Covers extension of the general linear model, simultaneous equations estimation, identification, dynamic model structure, and limited dependent variable estimation. Emphasis is given to both theoretical development and applications of the basic theory.



ECON 242 - Advanced Game Theory
(4) Bergstrom, Garratt, Proulx
Prerequisites: Economics 210B-C, or Mathematics 118.
Cournot-Nash equilibrium, bargaining theory, value, and their modern variations including Bayesian-Nash equilibrium and evolutionary stable strategy. Nonequilibrium solution concepts (dominance and rationalizability). Applications to oligopoly, signaling, principal-agent problem, and orgainization of firms.



ECON 243 - Computational Laboratory in Economics
(4) Decanio
Introduction to computational economics. Agent-based modeling, complexity in organizations and markets, evolution and generic algorithms, the emergence of order, and the policy implications of computational economics.



ECON 244 - Mathematical Economics
(4) Proulx
Prerequisites: Economics 210A-B-C-D, Economics 249, and Mathematics 118A-B-C.
Topics include bargaining, search, matching, mechanism design, voting, auctions, adaptive control, learning dynamics, and recent developments in game theory and mathematical economics.



ECON 245A - Econometric Theory
(4) Steigerwald
Prerequisites: Economics 241C.
The logic and structure of empirical work. In order: how to quantify theory; sources of data; methods of estimation; informative reporting of results.



ECON 245B - Econometric Theory
(4) Steigerwald
Prerequisites: Economics 245A.
Specification and estimation of dynamic regression models for conditional location and scale. Topics include trending variables (with attention paid to unit root models) and models of volatility for finance (with attention paid to continuous-time diffusion models).



ECON 245C - Econometric Theory
(4) STAFF
Prerequisites: Economics 245A.
Specification and estimation of models for cross-section data. Topics include models of individual choice (with attention paid to nonparametric estimators) and models for panel data.



ECON 249 - Dynamic Optimization
(4) Garratt
Prerequisites: Economics 210B or Mathematics 118.
An introduction to the dynamic optimization techniques of the calculus of variations and optimal control theory. Focus on continuous time planning problems in a deterministic setting. Applications include natural resource extraction, energy production, human capital accumulation, and insurance.



ECON 250A - Labor Economics
(4) Bedard, Deschenes, Kuhn
Theory and application of labor supply and demand models. Applications include work incentives of social programs, employment effects of minimum wages, and effects of immigration.



ECON 250B - Wage Structure
(4) Bedard, Deschenes, Kuhn
Analysis of wage differentials by education, experience, union status, working conditions, and other factors.



ECON 250C - Current Research Topics in Labor Economics
(4) Bedard, Deschenes, Kuhn
Areas covered vary from year to year.



ECON 253A - Job Search Theory
(4) Rupert
Theoretical and quantitative aspects of search theory as it applies to labor markets. Includes topics such as bargaining and models of wage determination, vacancies and unemployment.



ECON 260A - Natural Resources
(4) Deacon, Kohlstad
Capital theory and welfare economics applied to the primarily dynamic questions concerning the uses of nonrenewable resources such as minerals, the use of renewable resources such as fisheries and forests, and the preservation of species and natural environments.



ECON 260B - Environmental Economics
(4) Kolstad
Prerequisites: Economics 210A-B
The primarily static theory of externalities and their correction. Covers basic theory of public bads and externalities, regulation theory related to environmental problems and applications, the valuation of environmental goods, transboundary pollution, and international trade and the environment.



ECON 260C - Collective Action and Open Access
(4) Libecap
Collective action problems addressing open access losses, including uncertainty, heterogeneous parties and information costs. Covers timing and nature of regulation and the assignment of property rights. Empirical topics include; water, air pollution, oil and gas extraction, and climate change.



ECON 265 - Environmental and Natural Resource Economics: Collective Action and Open Access
(4) Libecap
Collective action problems addressing open access losses, including uncertainty, heterogeneous parties, and information costs. Covers timing and nature of regulation and the assignment of property rights. Empirical topics include water, fisheries, air pollution, oil and gas extraction, and global warming.



ECON 273A - Managerial Accounting
(4) Nisbet, Watson
A course concerned with the financial statements that are made available to creditors, stockholders, and other interested parties. The goal is to engender a knowledge of the measurement methods used by accountants and the ability to evaluate these methods.



ECON 276 - Experimental Economics
(4) Charness
Research in experimental economics. Exposure to basic material with further study in individual areas of interest. Professor to meet individually to discuss designing experiments that address the key questions, with student designing final experiment.



ECON 280A - Theory of International Trade
(4) McAusland
Topics include the sources of gains from trade and comparative advantage, trade under increasing returns to scale and imperfect competition, strategic trade policy, political economy of trade policy, and trade and environment issues.



ECON 280B - International Finance
(4) STAFF
Prerequisites: Economics 204A.
Topics include current account dynamics, international risksharing, the transmission of business cycles, the determination of exchange rates, and sovereign debt.



ECON 291 - Workshop in Economics
(4) STAFF




ECON 292 - Field Research in Economics
(1-12) STAFF
Directed field research on a topic in economics.



ECON 293 - Third Year Graduate Seminar
(4) STAFF
Students present and discuss their original research papers.



ECON 294 - Microeconomics Seminar
(4) STAFF
Current topics in microeconomics.



ECON 295 - Macroeconometrics
(4) STAFF
A seminar course with invited speakers on the topics of econometrics, finance, international economics, and macroeconomics.



ECON 297 - Seminar on the Teaching of Economics
(2) Morgan
Prerequisites: Graduate standing.
Seminar and laboratory work covering the planning, presenting, and evaluating of instruction.



ECON 594 - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 594AA - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 594CL - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 594E - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 594EC - Special Topics in Economics
(1-5) Steigerwald
Prerequisites: Economics 241C.
Group study directed toward econometric research topics.



ECON 594ER - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 594LR - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 594MC - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 594ME - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 594P - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 594SR - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 594TF - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 594WP - Special Topics in Economics
(1-5) STAFF
Prerequisites: Graduate standing and consent of instructor.
Special seminar on research subjects of current interest.



ECON 595 - Group Studies in Economics
(4) STAFF
Prerequisites: Graduate standing and consent of instructor.
Critical review of research in selected fields.



ECON 596 - Directed Reading and Research
(2-4) STAFF
Prerequisites: Graduate standing and consent of instructor.
Individual tutorial.



ECON 597 - Individual study for master's comprehensive examinations and ph.d. examinations.
(1-12) STAFF
Prerequisites: Graduate standing and consent of instructor.
Individual study for master's comprehensive examinations and ph.d. examina-tions. instructor should be the student's major professor or chair of the doctoral committee.



ECON 598 - Master's Thesis Research and Preparation
(1-12) STAFF
Prerequisites: Graduate standing and consent of instructor.
Only for research underlying the thesis, writing the thesis. Instructor should be the chair of the student's thesis committee.



ECON 599 - Dissertation Research and Preparation
(1-12) STAFF
Prerequisites: Graduate standing and consent of instructor.
Only for research underlying the dissertation, writing the dissertation. Instructor should be the chair of the student's doctoral committee.