Udub Economics
Zebedeo Konig
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The Undergraduate Application and the RTW Registration for the Autumn 2024 Admission Cycle are not yet open. As soon as updates are available, we can notify you via email -- Sign up to be notified! (@uw.edu login required)
In reviewing each application, a broad range of factors are taken into consideration. All aspects of the application are highly-considered -- Prerequisite course grades, overall academic performance, RTW exam results, and the personal statement. Each component of the application should complement each other, and showcase a student's interests and abilities toward studying economics as they earn their UW degree. For example, if a student mentions high enthusiasm in learning economics, then that enthusiasm should also be reflected in the student's grades in economics-related coursework, as well as their result on their RTW exam, etc.
For students with credits and transcripts from other institutions, it's important for us to see a student's progress through each academic term. This is why we request for each applicant to submit a transcript for each college-level institution attended. We are aware that a "transfer credits summary" typically appears on your UW transcript. However, this does not provide us with complete information about the transfer courses taken.
The UW-Madison Economics Department is a highly ranked program dedicated to excellence in research and teaching. The department is one of the largest departments in the College of Letters and Science with more than 40 faculty, 12 teaching lecturers, 1,600 undergraduate students, 230 Masters students and 140 PhD students in residence. The department is continuously highly nationally ranked for both its graduate and undergraduate programs.
The Economics Career Development Office (ECDO) is housed within the Department of Economics and provides career development services, resources, and programs to undergraduate and Masters-level students who are pursuing a degree in economics and partners with employers to recruit our talented economics students.
Because economics is of global importance, the department offers study abroad exchange programs at six leading universities across Europe and Asia. Undergraduate students can gain first-hand insight into how diverse cultures create, protect and allocate scarce resources.
ECON 230 Economics of Fisheries and Oceans (5) NSc/SSc, RSN
Examines how and why people and businesses make choices that lead to over-fishing, hypoxic zones, and oil spills in aquatic environments. Applies economic principles to understand how alternative policies might change these decisions, and how distributional effects influence politically feasible solutions. Offered: jointly with FISH 230; Sp.
View course details in MyPlan: ECON 230
ECON 235 Introduction to Environmental Economics (5) SSc/NSc
Introduces environmental and natural resource economics. Discusses fundamental economic concepts, including markets and private property. Includes basic tools used in the economic assessment of environmental problems and applies these methods to key environmental issues. Offered: jointly with ENVIR 235/ESRM 235; SpS.
View course details in MyPlan: ECON 235
ECON 282 Using Econometrics: A Practical Approach (5) NSc
Concerned with estimating economic relationships, confronting economic theory with facts, and testing hypotheses involving economic behavior. Specific topics include mathematical statistics, single and multiple variable regression analysis, the Gauss-Markov Theorem, hypothesis testing, model specification, multicollinearity, dummy variable, heteroskedasticity, and serial correlation.
View course details in MyPlan: ECON 282
ECON 301 Intermediate Macroeconomics (5) SSc
Analysis of the determinants of the aggregate level of employment, output, prices, and income of an economy. Policy issues and applications with special reference to current monetary and fiscal policy. Prerequisite: a minimum grade of 2.0 in ECON 201; and a minimum grade of 2.0 in ECON 300. Offered: AWSpS.
View course details in MyPlan: ECON 301
ECON 345 Global Health Economics (5) SSc
Introduces the application of health economics and the tools economists use to inform global health solutions in low and middle-income countries. Examines relationship between global health and development, survey of health economic evaluation concepts with focus on diseases and conditions in low and middle-income countries. Recommended: ECON 200 strongly recommended, G H 101 recommended Offered: jointly with G H 345; Sp.
View course details in MyPlan: ECON 345
ECON 346 Using Economics to Solve Today's Healthcare Problems (4) SSc
Health economics is a growing field and an important aspect of public policy. Introduces health economics and the tools economists use to analyze current issues in health care. Furthers the understanding of economics and how it is used in current debates. Prerequisite: ECON 200. Offered: jointly with HSERV 346; A.
View course details in MyPlan: ECON 346
ECON 382 Introduction to Econometrics (5) NSc
Applies statistical methods to economic data: estimating economic relationships using regression analysis and testing hypotheses involving economic behavior. Uses econometric software. Open to economics majors only. Cannot be taken for credit if ECON 482 taken previously or concurrently. Prerequisite: minimum grade of 2.0 in ECON 300.
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ECON 396 Honors Research Seminar (2) SSc
Different members of the Economics faculty present and discuss their research work. Exposes students to ideas about potential topics for their thesis. For Honors students only. Does not satisfy graduation requirement for the major. Prerequisite: ECON 301 Offered: Sp.
View course details in MyPlan: ECON 396
ECON 400 Advanced Microeconomics (5) NSc
Explores the rigorous development of mathematical models used by economists to explain the behavior of consumers, firms, and markets. Topics include comparative statics for consumption theory, duality in production, and decision-making under uncertainty. Prerequisite: a minimum grade of 2.0 in ECON 300; and a minimum grade of 2.0 in MATH 126.
View course details in MyPlan: ECON 400
ECON 402 Microeconomics: Methods and Applications (5) SSc
Generalizations and extensions of the course models of competition and monopoly taught in ECON 300. Topics may include: factor markets and effects of monopoly power; game theory and oligopoly theory; decision making over time; uncertainty and under asymmetric information; contracts and incentives. Prerequisite: minimum grade of 2.0 in ECON 300.
View course details in MyPlan: ECON 402
ECON 403 The Economics of Property Rights (5) SSc
Property rights as an economic concept. Delineation of rights as a subject of optimization. Formation of contracts to maximize the value of personal property. Formation of organizations to induce efficient use of resources and minimize losses to public domain. Prerequisite: minimum grade of 2.0 in ECON 300.
View course details in MyPlan: ECON 403
ECON 404 Industrial Organization and Price Analysis (5) SSc
Analysis of firm behavior in imperfectly competitive markets. Topics include monopoly, oligopoly, product differentiation, entry deterrence, and the role of asymmetric information. Game theoretic tools and empirical evidence used to analyze topics. Prerequisite: minimum grade of 2.0 in ECON 300.
View course details in MyPlan: ECON 404
ECON 406 Undergraduate Seminar in Economics (5, max. 10) SSc
Provides the undergraduate student an opportunity to apply the tools of economic analysis in a critical examination of theoretical and empirical work. A list of topics is available in the departmental office. Prerequisite: minimum grade of 2.0 in ECON 300
View course details in MyPlan: ECON 406
ECON 408 Economic Analysis of the Law (5)
Includes contracts, property, torts, securities regulation, antitrust, and intellectual property. Provides students a well-rounded view of both current examples and applications within the practice of law, as well as the underlying economic theory embedded in these areas of law. Prerequisite: minimum grade of 2.0 in ECON 300.
View course details in MyPlan: ECON 408
ECON 409 Undergraduate Seminar in Political Economy (5, max. 10) SSc
Seminar in political economy with focus on Marxian and public choice approaches to political economy. Explores the questions raised by each approach, the assumption(s) and testability of hypotheses, and applies these approaches to a number of problems in political economy. Offered: jointly with POL S 409.
View course details in MyPlan: ECON 409
ECON 410 Economics of Networks (5) SSc
Developing and using mathematical and other tools to describe and analyze networks in economic contexts. Applies tools to topics such as social learning, the effects of peers, and networked markets, as well as theoretical analysis of network formation and games on networks. Prerequisite: a minimum grade of 2.0 in ECON 300; recommended: ECON 400 and ECON 485.
View course details in MyPlan: ECON 410
ECON 411 Behavioral Economics (5) SSc
Incorporates insights from psychology into economic models. Examines evidence suggesting individuals systematically depart from traditional economic assumptions, and modifies these assumptions to construct models that generate sharp and testable predictions. Students learn how psychology and economics can be used together to understand human behavior. Prerequisite: a minimum grade of 2.0 in ECON 300.
View course details in MyPlan: ECON 411