Detailed course offerings (Time Schedule) are available for
B BECN 300 Quantitative Methods in Economics (5) RSN
Provides a comprehensive introduction to basic mathematical tools most often used by economists. Students will become familiar with the mathematical concepts presented, and will be able to use them to solve economics problems. Micro and macro models will be used to place optimization tools in economic contexts. Prerequisite: B MATH 144.
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B BECN 302 Intermediate Microeconomics (5) RSN
Intermediate level analysis of theories of household behavior (demand for consumer goods, labor supply, and savings decisions) and producer behavior (supply of output, demand for labor and capital). Various notions of equilibria in competitive and noncompetitive markets are introduced, and their welfare properties are discussed. Prerequisite: B BECN 300.
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B BECN 382 Introduction to Econometrics (5) RSN
Introduces students to basic econometric tools and provides a background to apply statistical analysis to economic data, quantifying causal effects of economic relationships. It combines theory with hands-on experience in econometric modeling, emphasizing empirical applications to data and real-world problems. Prerequisite: B BECN 300.
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B BECN 458 Risk Modeling (5) RSN
Focuses on the allocation and pricing of risk, analyzing what motivates economic agents to trade, how they manage risky endowments, and how financial assets are used for investment decisions to hedge risk. Includes analysis of how insurance premiums, stocks, bonds, and option prices are determined. Prerequisite: minimum grade of 1.7 in B BECN 300; recommended: calculus, linear algebra, as well as familiarity with Excel. Offered: jointly with B BUS 458.
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B BECN 460 Financial Economics (5) RSN
An introduction to the economic foundations of financial and actuarial models with applications to insurance and financial risk management, and the role of derivative securities in arbitrage, quantitative investment management and algorithmic trading. Prerequisite: B BECN 302; and either B BECN 458, or STMATH 330 and STMATH 392.
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B BECN 469 Introduction to Game Theory (5)
The course focuses on the study of strategic interaction among agents in situations characterized by both complete and incomplete information. While the course is mathematical in nature, it is built under the premise that game theory is applicable in every-day situations. Game theoretical principles are taught through the study of examples taken from business, economics, political science and other fields. Prerequisite: either STMATH 124 or B BUS 310.
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