Mathematical Economic Analysis 1 Xun Tang MATHEMATICAL ECONOMIC George Zodrow ANALYSIS Associate Professors Marc Peter Dudey Contact Information Mallesh Pai Economics https://economics.rice.edu/ Assistant Professors 408 Kraft Hall Rossella Calvi 713-348-4381 Yinghua He Yunmi Kong George Zodrow Department Chair [email protected] Professors Emeriti Dagobert Brito Mahmoud A. El-Gamal John B. Bryant Director of Undergraduate Studies Donald L. Huddle [email protected] Peter Mieszkowski Ronald Soligo Mathematical Economic Analysis (MTEC) is a major offered by the Lecturers Economics Department. The MTEC major provides a specialized 16- Maria Bejan course program that includes most of the courses required for the regular Michele Biavati (ECON) major, but also requires additional preparation in mathematics Amelie Carlton and statistics, several relatively technical economics electives, and a James P. DeNicco capstone course. The MTEC major is recommended for students who intend to pursue Adjunct Professors graduate work in economics or plan to obtain a position in business or David R. Lairson government that requires extensive analytical and quantitative skills. John Michael Swint Bachelor's Program Adjunct Associate Professors • Bachelor of Arts (BA) Degree with a Major in Mathematical Economic Charles E. Begley Analysis (https://ga.rice.edu/programs-study/departments- Russell Green programs/social-sciences/mathematical-economic-analysis/ mathematical-economic-analysis-ba/) Adjunct Assistant Professors Mathematical Economic Analysis does not currently offer an academic John Diamond program at the graduate level. Kenneth Medlock For Rice University degree-granting programs: Chair, Department of Economics To view the list of official course offerings, please see Rice’s George Zodrow Course Catalog (https://courses.rice.edu/admweb/!SWKSCAT.cat? p_action=cata) Director of Undergraduate Studies To view the most recent semester’s course schedule, please see Rice's Course Schedule (https://courses.rice.edu/admweb/!SWKSCAT.cat) Mahmoud A. El-Gamal Professors Kerry E. Back Richard Thomas Boylan Bryan W. Brown James N. Brown Flávio Cunha Mahmoud A. El-Gamal Hülya Eraslan Jeremy Fox Peter Reginald Hartley Vivian Ho Ted Loch-Temzelides Isabelle Perrigne Robin Sickles 2021-2022 General Announcements PDF Generated 09/23/21 2 Mathematical Economic Analysis ECON 111 - AP/OTH CREDIT IN MICROECONOMICS Economics (ECON) Short Title: AP/OTH CREDIT MICROECONOMICS ECON 100 - PRINCIPLES OF ECONOMICS Department: Economics Short Title: PRINCIPLES OF ECONOMICS Grade Mode: Transfer Courses Department: Economics Course Type: Transfer Grade Mode: Standard Letter Credit Hours: 1-6 Course Type: Lecture Restrictions: Enrollment is limited to Undergraduate, Undergraduate Distribution Group: Distribution Group II Professional or Visiting Undergraduate level students. Credit Hours: 3 Course Level: Undergraduate Lower-Level Restrictions: Enrollment is limited to Undergraduate, Undergraduate Description: Provides transfer credit based on student performance Professional or Visiting Undergraduate level students. on approved examinations in microeconomics, such as the Advanced Course Level: Undergraduate Lower-Level Placement microeconomics exam, the International Baccalaureate Description: Introduction to the basic concepts of microeconomics and higher-level economics exams, or the A-Level economics exam, or for an macroeconomics. Microeconomics component includes analysis of approved introductory microeconomics course. Approved credit counts supply and demand, consumer and producer behavior, and competitive toward total credit hours required for graduation, but does not count for and noncompetitive market equilibria, with applications to current distribution or toward the ECON or MTEC majors. Mutually Exclusive: policy issues. Macroeconomics component provides an overview of Cannot register for ECON 111 if student has credit for ECON 101. the determination of national output, employment, interest rates, and Mutually Exclusive: Cannot register for ECON 111 if student has credit for inflation, and analyzes monetary fiscal policies and international trade. ECON 101. Designed for both non-majors and majors. ECON 113 - AP/OTH CREDIT IN MACROECONOMICS ECON 101 - INTRODUCTION TO MICROECONOMICS Short Title: AP/OTH CREDIT MACROECONOMICS Short Title: INTRODUCTION TO MICROECONOMICS Department: Economics Department: Economics Grade Mode: Standard Letter Grade Mode: Standard Letter Course Type: Transfer Course Type: Lecture Credit Hours: 1-6 Distribution Group: Distribution Group II Restrictions: Enrollment is limited to Undergraduate, Undergraduate Credit Hours: 3 Professional or Visiting Undergraduate level students. Restrictions: Enrollment is limited to Undergraduate, Undergraduate Course Level: Undergraduate Lower-Level Professional or Visiting Undergraduate level students. Description: Provides transfer credit based on student performance Course Level: Undergraduate Lower-Level on approved examinations in macroeconomics, such as the Advanced Description: Introduction to microeconomic analysis at a level suitable Placement macroeconomics exam, the International Baccalaureate for non-majors. Applies only for transfer credit and requires departmental higher-level economics exams, or the A-Level economics exam, or for an approval. Approved credit counts toward total credit hours required for approved introductory macroeconomics course. Approved credit counts graduation and for distribution, but does not count toward the ECON toward total credit hours required for graduation, but does not count for or MTEC majors. Mutually Exclusive: Cannot register for ECON 101 if distribution or toward the ECON or MTEC majors. Mutually Exclusive: student has credit for ECON 111. Mutually Exclusive: Cannot register for Cannot register for ECON 113 if student has credit for ECON 103. ECON 101 if student has credit for ECON 111. Mutually Exclusive: Cannot register for ECON 113 if student has credit for ECON 103 - INTRODUCTION TO MACROECONOMICS ECON 103. Short Title: INTRODUCTION TO MACROECONOMICS ECON 200 - MICROECONOMICS Department: Economics Short Title: MICROECONOMICS Grade Mode: Standard Letter Department: Economics Course Type: Lecture Grade Mode: Standard Letter Distribution Group: Distribution Group II Course Type: Lecture/Laboratory Credit Hours: 3 Distribution Group: Distribution Group II Restrictions: Enrollment is limited to Undergraduate, Undergraduate Credit Hours: 4 Professional or Visiting Undergraduate level students. Restrictions: Enrollment is limited to Undergraduate, Undergraduate Course Level: Undergraduate Lower-Level Professional or Visiting Undergraduate level students. Description: Introduction to macroeconomic analysis at a level suitable Course Level: Undergraduate Lower-Level for non-majors. Applies only for transfer credit and requires departmental Prerequisite(s): ECON 100 and (MATH 102 (may be taken concurrently) or approval. Approved credit counts toward total credit hours required for MATH 106) graduation and for distribution, but does not count toward the ECON Description: Intermediate level analysis of theories of household behavior, or MTEC majors. Mutually Exclusive: Cannot register for ECON 103 if including demand for consumer goods, labor supply, and savings/ student has credit for ECON 112/ECON 113. Mutually Exclusive: Cannot investment decisions, and producer behavior including the supply of register for ECON 103 if student has credit for ECON 112/ECON 113. output and demands for labor, capital and other production inputs. Emphasizes individual and interactive decision making under resource constraints and discusses equilibria in competitive markets. MATH 102 may be taken concurrently with ECON 200. As much of the analysis in ECON 200 involves partial differentiation, MATH 212 is strongly recommended. Recommended Prerequisite(s): MATH 212 Mutually Exclusive: Cannot register for ECON 200 if student has credit for ECON 301. 2021-2022 General Announcements PDF Generated 09/23/21 Mathematical Economic Analysis 3 ECON 203 - MACROECONOMICS ECON 210 - BEHAVIORAL ECONOMICS Short Title: MACROECONOMICS Short Title: BEHAVIORAL ECONOMICS Department: Economics Department: Economics Grade Mode: Standard Letter Grade Mode: Standard Letter Course Type: Lecture Course Type: Lecture Distribution Group: Distribution Group II Distribution Group: Distribution Group II Credit Hours: 3 Credit Hours: 3 Restrictions: Enrollment is limited to Undergraduate, Undergraduate Restrictions: Enrollment is limited to Undergraduate, Undergraduate Professional or Visiting Undergraduate level students. Professional or Visiting Undergraduate level students. Course Level: Undergraduate Lower-Level Course Level: Undergraduate Lower-Level Prerequisite(s): ECON 100 Prerequisite(s): ECON 100 or ECON 200 Description: Analyzes aggregate performance of the national economy Description: Examines behavioral economics, which seeks to insert more including output, inflation, interest rates, employment, the business cycle, behavioral realism into economic theory by incorporating into economic monetary and fiscal policy, and more generally the role of government models insights based on empirical observations from psychology, in influencing aggregate economic performance. Introduces both the sociology, and neuroscience. Emphasizes attempts by behavioral traditional aggregative only approach to Macroeconomics and the more economists to explain anomalies that depart from the predictions of recent New Classical