Chair David N. Weil is a social scientific discipline that both studies economic activity in its narrower sense and develops methodologies for studying decision-making in a broader set of domains. Economic activity narrowly construed is that subset of people's activities primarily concerned with the production and consumption of goods and services, the allocation of resources, goods and asset markets, the money supply, and taxation. More broadly, economics provides a theory of rational choice that has been useful in fields ranging from the study of politics and healthcare to theoretical biology. In recent years, economists have been expanding their study of choice to also include the interaction of cognitive limitations, decision heuristics, and psychological and social influences with the rational aspects of choice. For additional information, please visit the department's website: http:// www.brown.edu/departments// Concentration Requirements is the study of how individuals, businesses, and governments allocate resources to satisfy their objectives. The study of economics helps students understand markets, firms, financial organizations, and public debate about economic policy, including taxation, government expenditure, trade, globalization, health, and welfare. The concentration in prepares students for graduate study in fields such as business and law, for graduate study leading to teaching and research in economics, and can be a steppingstone to employment in business, finance, non-profit, and government organizations. Students may choose either the standard or the professional track. Students are required to begin with ECON 00, an introductory course that stresses the economic problems of our society, and the vocabulary and principles of economic analysis. Intermediate level courses in microeconomics (ECON 0 or ECON 30), macroeconomics (ECON 0), and econometrics (ECON 60 followed by ECON 69 (http://bulletin.brown.edu/ economics/inline%0course) or ECON 630 (http://bulletin.brown.edu/ economics/inline%0course)) round out the list of foundation courses for the concentration. students must also fulfill a calculus requirement. The economics department sponsors a number of concentration options. The most popular is the standard economics concentration, described below. Three additional concentration options are administered jointly with other departments and are described separately under their respective titles. They are the concentrations in applied mathematics economics, in mathematical economics, and in computer science economics. The first two are especially recommended for students interested in graduate study in economics. The department offers many of the required courses in an interdepartmental concentration called Business, Entrepreneurship and Organizations (BEO). BEO is jointly run by the departments of economics and sociology, and the school of engineering. BEO has three possible "tracks," of which the business economics track is most closely related to economics. Please contact the BEO administrator for more details, including information about advising in that concentration. Standard Concentration Mathematics Course Requirements: MATH 000 Introductory Calculus, Part II or MATH 070 Advanced Placement Calculus or ECON 070 Essential Mathematics for or a higher-level math course. Course Requirements: ECON 00 Principles of 3 ECON 0 Intermediate Microeconomics or ECON 30 Intermediate Microeconomics (Mathematical) ECON 0 Intermediate Macroeconomics ECON 60 Introduction to Econometrics ECON 69 Applied Research Methods for Economists or ECON 630 Econometrics I At least five additional 000-level courses. 5 Total Credits Note that certain advanced economics courses may impose additional mathematical prerequisites. The standard mathematics requirement may be met through Advanced Placement tests, but "placing into" a higher level mathematics course than MATH 000, without actually taking that higher level course, does not satisfy the requirement. The AP mathematics credit must appear on your Brown transcript. Note that ECON 960 (thesis) and ECON 970 do not count for concentration credit. 3 If placing out of ECON 00 with AP or IB test scores, one must take an additional 000-level course (6 instead of 5). All concentrators in economics programs are encouraged to consult their concentration advisors regularly. concentrators who wish to study abroad should consult first with the department transfer credit advisor. Honors Students who wish to enroll in the honors program in economics should consult the department's undergraduate guide (available on its web site) to obtain a complete description of the requirements. See the description of Capstone Projects there, as well. Courses taken to prepare an honors thesis are in addition to the regular concentration requirements. Professional Track The requirements for the professional track include all those of the standard track, as well as the following: Students must complete two two-to-four month full-time professional experiences, doing work that is related to their concentration programs. Such work is normally done within an industrial organization, but may also be at a university under the supervision of a faculty member. On completion of each professional experience, the student must write and upload to ASK a reflective essay about the experience addressing the following prompts, to be approved by the student's concentration advisor: Which courses were put to use in your summer's work? Which topics, in particular, were important? In retrospect, which courses should you have taken before embarking on your summer experience? What are the topics from these courses that would have helped you over the summer if you had been more familiar with them? Are there topics you should have been familiar with in preparation for your summer experience, but are not taught at Brown? What are these topics? What did you learn from the experience that probably could not have been picked up from course work? Is the sort of work you did over the summer something you would like to continue doing once you graduate? Explain. Would you recommend your summer experience to other Brown students? Explain. Applied Mathematics- Concentration Requirements The Applied Mathematics- concentration is designed to reflect the mathematical and statistical nature of modern economic theory and empirical research. This concentration has two tracks. The first is the advanced economics track, which is intended to prepare students for graduate study in economics. The second is the mathematical finance track, which is intended to prepare students for graduate study in finance, or for careers in finance or financial engineering. Both tracks have A.B.
degree versions and Sc.B. degree versions, as well as a Professional track option. Standard Program for the A.B. degree (Advanced track): Prerequisites: MATH 000 Introductory Calculus, Part II MATH 050 Linear Algebra Course Requirements: Applied Mathematics Requirements (a) APMA 0350 & APMA 0360 Applied Ordinary Differential Equations and Applied Partial Differential Equations I Select one of the following: APMA 060 Introduction to Scientific Computing (preferred) CSCI 0040 Introduction to Scientific Computing and Problem Solving (preferred) CSCI 050 Introduction to Object-Oriented Programming and Computer Science CSCI 070 Computer Science: An Integrated Introduction Select one of the following: APMA 00 Operations Research: Probabilistic Models APMA 0 Operations Research: Deterministic Models APMA 650 Statistical Inference I or APMA 655 Statistical Inference I (b) Select one of the following: APMA 00 Operations Research: Probabilistic Models APMA 0 Operations Research: Deterministic Models APMA 330 Applied Partial Differential Equations II APMA 360 Topics in Chaotic Dynamics APMA 660 Statistical Inference II APMA 690 Computational Probability and Statistics APMA 70 Monte Carlo Simulation with Applications to Finance APMA 740 Recent Applications of Probability and Statistics MATH 00 Analysis: Functions of One Variable Requirements: ECON 30 Intermediate Microeconomics (Mathematical) 3 ECON 0 Intermediate Macroeconomics ECON 630 Econometrics I Two 000-level courses from the "mathematical-economics" group: 4 ECON 70 Welfare and Social Choice Theory ECON 0 Monetary and Fiscal Policy ECON 5 Advanced Macroeconomics: Monetary, Fiscal, and Stabilization Policies ECON 460 Industrial Organization ECON 465 Market Design: Theory and Applications ECON 470 Bargaining Theory and Applications ECON 490 Designing Internet Marketplaces ECON 640 Econometrics II ECON 660 Big Data ECON 670 Advanced Topics in Econometrics ECON 740 Mathematical Finance ECON 750 Investments II ECON 80 and Psychology ECON 80 Behavioral ECON 850 Theory of Economic Growth ECON 860 The Theory of General Equilibrium ECON 870 Game Theory and Applications to One 000-level course from the "data methods" group: 4 ECON 30 of Education I ECON 305 of Education: Research ECON 30 Labor ECON 355 Environmental Issues in Development ECON 360 Health ECON 375 Inequality of Opportunity in the US ECON 400 The of Mass Media ECON 40 Urban ECON 480 Public ECON 50 Economic Development ECON 50 The Economic Analysis of Institutions ECON 530 Health, Hunger and the Household in Developing Countries ECON 69 Applied Research Methods for Economists ECON 640 Econometrics II ECON 660 Big Data ECON 765 Finance, Regulation, and the Economy: Research One additional 000-level economics course Total Credits 3 No course may be used to simultaneously satisfy (a) and (b). APMA 0330 and APMA 0340 may be substituted with advisor approval. 3 Or ECON 0 with permission. 4 No course may be used to simultaneously satisfy the "mathematical economics" and the "data methods" requirements. Standard program for the Sc.B. degree (Advanced track): Prerequisites: MATH 000 Introductory Calculus, Part II MATH 050 Linear Algebra Course Requirements: Applied Mathematics Requirements (a) APMA 0350 & APMA 0360 Applied Ordinary Differential Equations and Applied Partial Differential Equations I Select one of the following: APMA 060 Introduction to Scientific Computing (preferred) CSCI 0040 Introduction to Scientific Computing and Problem Solving (preferred) CSCI 050 Introduction to Object-Oriented Programming and Computer Science
3 CSCI 070 Computer Science: An Integrated Introduction Select one of the following: APMA 00 Operations Research: Probabilistic Models APMA 0 Operations Research: Deterministic Models APMA 650 Statistical Inference I or APMA 655 Statistical Inference I APMA 655 Statistical Inference I (b) Select two of the following: APMA 00 Operations Research: Probabilistic Models APMA 0 Operations Research: Deterministic Models APMA 330 Applied Partial Differential Equations II APMA 360 Topics in Chaotic Dynamics APMA 660 Statistical Inference II APMA 690 Computational Probability and Statistics APMA 70 Monte Carlo Simulation with Applications to Finance APMA 740 Recent Applications of Probability and Statistics MATH 00 Analysis: Functions of One Variable Requirements: ECON 30 Intermediate Microeconomics (Mathematical) 3 ECON 0 Intermediate Macroeconomics ECON 630 Econometrics I Three 000-level courses from the "mathematical-economics" group: 4 3 ECON 70 Welfare and Social Choice Theory ECON 0 Monetary and Fiscal Policy ECON 5 Advanced Macroeconomics: Monetary, Fiscal, and Stabilization Policies ECON 460 Industrial Organization ECON 465 Market Design: Theory and Applications ECON 470 Bargaining Theory and Applications ECON 490 Designing Internet Marketplaces ECON 640 Econometrics II ECON 660 Big Data ECON 670 Advanced Topics in Econometrics ECON 740 Mathematical Finance ECON 750 Investments II ECON 80 and Psychology ECON 80 Behavioral ECON 850 Theory of Economic Growth ECON 860 The Theory of General Equilibrium ECON 870 Game Theory and Applications to One 000-level course from the "data methods" group: 4 ECON 30 of Education I ECON 305 of Education: Research ECON 30 Labor ECON 355 Environmental Issues in Development ECON 360 Health ECON 375 Inequality of Opportunity in the US ECON 400 The of Mass Media ECON 40 Urban ECON 480 Public ECON 50 Economic Development ECON 50 The Economic Analysis of Institutions ECON 530 Health, Hunger and the Household in Developing Countries ECON 69 Applied Research Methods for Economists ECON 640 Econometrics II ECON 660 Big Data ECON 765 Finance, Regulation, and the Economy: Research Two additional 000-level economics courses Total Credits 6 No course may be used to simultaneously satisfy (a) and (b). APMA 0330 and APMA 0340 may be substituted with advisor approval. 3 Or ECON 0 with permission. 4 No course may be used to simultaneously satisfy the "mathematical economics" and the "data methods" requirements. 5 Note that Econ 60, 960, and 970 (independent study) cannot be used for concentration credit. However, 60 and 960 can be used for university credit and up to two 970s may be used for university credit. Standard program for the A.B. degree (Mathematical Finance track): Prerequisites: MATH 000 Introductory Calculus, Part II MATH 050 Linear Algebra Course Requirements: 3 Courses: 6 Applied Math and 7 Applied Mathematics Requirements (a) APMA 0350 & APMA 0360 Applied Ordinary Differential Equations and Applied Partial Differential Equations I Select one of the following: APMA 0360 Applied Partial Differential Equations I APMA 060 Introduction to Scientific Computing (preferred) CSCI 0040 Introduction to Scientific Computing and Problem Solving (preferred) CSCI 050 Introduction to Object-Oriented Programming and Computer Science CSCI 070 Computer Science: An Integrated Introduction APMA 00 Operations Research: Probabilistic Models APMA 650 Statistical Inference I or APMA 655 Statistical Inference I (b) Select one of the following: APMA 80 Introduction to Numerical Solution of Differential Equations APMA 0 Operations Research: Deterministic Models APMA 330 Applied Partial Differential Equations II APMA 360 Topics in Chaotic Dynamics
4 APMA 660 Statistical Inference II APMA 655 Statistical Inference I APMA 690 Computational Probability and Statistics APMA 70 Monte Carlo Simulation with Applications to Finance (preferred) APMA 740 Recent Applications of Probability and Statistics MATH 00 Analysis: Functions of One Variable Requirements: ECON 30 Intermediate Microeconomics (Mathematical) 3 ECON 0 Intermediate Macroeconomics ECON 630 Econometrics I Select two 000-level courses from the "financial economics" group: ECON 70 Investments I ECON 70 Corporate Finance ECON 730 Venture Capital, Private Equity, and Entrepreneurship ECON 740 Mathematical Finance ECON 750 Investments II ECON 760 Financial Institutions ECON 765 Finance, Regulation, and the Economy: Research ECON 770 Fixed Income Securities ECON 780 Corporate Strategy ECON 790 Corporate Governance and Management Select one 000-level course from the "mathematical economics" group: ECON 70 Welfare and Social Choice Theory ECON 0 Monetary and Fiscal Policy ECON 5 Advanced Macroeconomics: Monetary, Fiscal, and Stabilization Policies ECON 460 Industrial Organization ECON 465 Market Design: Theory and Applications ECON 470 Bargaining Theory and Applications ECON 490 Designing Internet Marketplaces ECON 640 Econometrics II ECON 660 Big Data ECON 670 Advanced Topics in Econometrics ECON 740 Mathematical Finance ECON 750 Investments II ECON 80 and Psychology ECON 80 Behavioral ECON 850 Theory of Economic Growth ECON 860 The Theory of General Equilibrium ECON 870 Game Theory and Applications to Select one 000-level course from the "data methods" group: ECON 30 of Education I ECON 305 of Education: Research ECON 30 Labor ECON 355 Environmental Issues in Development ECON 360 Health ECON 375 ECON 400 ECON 40 ECON 50 ECON 50 ECON 530 ECON 69 ECON 640 ECON 650 ECON 660 ECON 759 ECON 765 Inequality of Opportunity in the US The of Mass Media Urban Economic Development The Economic Analysis of Institutions Health, Hunger and the Household in Developing Countries Applied Research Methods for Economists Econometrics II Financial Econometrics Big Data Data, Statistics, Finance Finance, Regulation, and the Economy: Research Total Credits 3 APMA 0330 and APMA 0340 may be substituted with advisor approval. No course may be used to simultaneously satisfy the "financial economics," the "mathematical economics," or the "data methods" requirements. 3 Or ECON 0 with permission. 4 Note that Econ 60, 960, and 970 (independent study) cannot be used for concentration credit. However, 60 and 960 can be used for university credit and up to two 970s may be used for university credit. Standard program for the Sc.B. degree (Mathematical Finance track): Prerequisites: MATH 000 Introductory Calculus, Part II MATH 050 Linear Algebra Course Requirements: 6 courses: 7 Applied Math and 9 Applied Mathematics requirements: (a) APMA 0350 & APMA 0360 Applied Ordinary Differential Equations and Applied Partial Differential Equations I Select one of the following: APMA 060 Introduction to Scientific Computing (preferred) CSCI 0040 Introduction to Scientific Computing and Problem Solving (preferred) CSCI 050 Introduction to Object-Oriented Programming and Computer Science CSCI 070 Computer Science: An Integrated Introduction APMA 00 Operations Research: Probabilistic Models APMA 650 Statistical Inference I or APMA 655 Statistical Inference I APMA 655 Statistical Inference I (b) Select two of the following: APMA 80 Introduction to Numerical Solution of Differential Equations APMA 0 Operations Research: Deterministic Models APMA 330 Applied Partial Differential Equations II APMA 360 Topics in Chaotic Dynamics APMA 660 Statistical Inference II
5 APMA 690 Computational Probability and Statistics APMA 70 Monte Carlo Simulation with Applications to Finance (preferred) APMA 740 Recent Applications of Probability and Statistics MATH 00 Analysis: Functions of One Variable Requirements: ECON 30 Intermediate Microeconomics (Mathematical) 3 ECON 0 Intermediate Macroeconomics ECON 630 Econometrics I Select three 000-level courses from the "financial economics" group: 3 ECON 70 Investments I ECON 70 Corporate Finance ECON 730 Venture Capital, Private Equity, and Entrepreneurship ECON 740 Mathematical Finance ECON 750 Investments II ECON 760 Financial Institutions ECON 765 Finance, Regulation, and the Economy: Research ECON 770 Fixed Income Securities ECON 780 Corporate Strategy ECON 790 Corporate Governance and Management Select two 000-level courses from the "mathematical economics" group: ECON 70 Welfare and Social Choice Theory ECON 0 Monetary and Fiscal Policy ECON 5 Advanced Macroeconomics: Monetary, Fiscal, and Stabilization Policies ECON 460 Industrial Organization ECON 465 Market Design: Theory and Applications ECON 470 Bargaining Theory and Applications ECON 490 Designing Internet Marketplaces ECON 640 Econometrics II ECON 660 Big Data ECON 670 Advanced Topics in Econometrics ECON 740 Mathematical Finance ECON 750 Investments II ECON 80 and Psychology ECON 80 Behavioral ECON 850 Theory of Economic Growth ECON 860 The Theory of General Equilibrium ECON 870 Game Theory and Applications to Select one 000-level course from the "data methods" group: ECON 30 of Education I ECON 305 of Education: Research ECON 30 Labor ECON 355 Environmental Issues in Development ECON 360 Health ECON 400 The of Mass Media ECON 40 Urban ECON 50 ECON 50 ECON 530 ECON 69 ECON 640 ECON 650 ECON 660 ECON 759 ECON 765 Economic Development The Economic Analysis of Institutions Health, Hunger and the Household in Developing Countries Applied Research Methods for Economists Econometrics II Financial Econometrics Big Data Data, Statistics, Finance Finance, Regulation, and the Economy: Research Total Credits 6 APMA 0330 and APMA 0340 may be substituted with advisor approval. No course may be used to simultaneously satisfy the "financial economics," the "mathematical economics," or the "data methods" requirements. 3 Or ECON 0 with permission. 4 Note that Econ 60, 960, and 970 (independent study) cannot be used for concentration credit. However, 60 and 960 can be used for university credit and up to two 970s may be used for university credit. Honors and Capstone Requirement Admission to candidacy for honors in the concentration is granted on the following basis: 3.7 GPA for courses, and a 3.5 GPA overall. To graduate with honors, a student must write an honors thesis in the senior year following the procedures specified by the concentration (see Department website). Beginning with the class of 06, students not writing an honors thesis must complete an alternative senior capstone project and obtain the approval of a faculty sponsor. Professional Track The requirements for the professional track include all those of the standard track, as well as the following: Students must complete two two-to-four month full-time professional experiences, doing work that is related to their concentration programs. Such work is normally done within an industrial organization, but may also be at a university under the supervision of a faculty member. On completion of each professional experience, the student must write and upload to ASK a reflective essay about the experience addressing the following prompts, to be approved by the student's concentration advisor: Which courses were put to use in your summer's work? Which topics, in particular, were important? In retrospect, which courses should you have taken before embarking on your summer experience? What are the topics from these courses that would have helped you over the summer if you had been more familiar with them? Are there topics you should have been familiar with in preparation for your summer experience, but are not taught at Brown? What are these topics? What did you learn from the experience that probably could not have been picked up from course work? Is the sort of work you did over the summer something you would like to continue doing once you graduate? Explain. Would you recommend your summer experience to other Brown students? Explain. Computer Science- Concentration Requirements The joint Computer Science- concentration exposes students to the theoretical and practical connections between computer science and economics. It prepares students for professional careers that incorporate aspects of economics and computer technology and for academic careers
6 conducting research in areas that emphasize the overlap between the two fields. Concentrators may choose to pursue either the A.B. or the Sc.B. degree. While the A.B. degree allows students to explore the two disciplines by taking advanced courses in both departments, its smaller number of required courses is compatible with a liberal education. The Sc.B. degree achieves greater depth in both computer science and economics by requiring more courses, and it offers students the opportunity to creatively integrate both disciplines through a design requirement. In addition to courses in economics, computer science, and applied mathematics, all concentrators must fulfill the Computer Science department's writing requirement by passing a course that involves significant expository writing. Standard Program for the Sc.B. degree. Prerequisites (3 courses): MATH 000 Introductory Calculus, Part II MATH 050 Linear Algebra or MATH 0540 Honors Linear Algebra or CSCI 0530 Coding the Matrix: An Introduction to Linear Algebra for Computer Science ECON 00 Principles of Required Courses: 7 courses: 8 Computer Science, 8, and a Capstone CSCI 450 Probability and Computing or APMA 650 Statistical Inference I or APMA 655 Statistical Inference I Select one of the following Series: Series A CSCI 050 & CSCI 060 Introduction to Object-Oriented Programming and Computer Science and Introduction to Algorithms and Data Structures Series B CSCI 070 & CSCI 080 Computer Science: An Integrated Introduction and Computer Science: An Integrated Introduction Series C CSCI 090 Accelerated Introduction to Computer Science (and an additional CS course not otherwise used to satisfy a concentration requirement; this course may be CSCI 080, an intermediate-level CS course, or a 000-level course.) Two of the following intermediate courses, one of which must be math-oriented and one systems-oriented. CSCI 00 Introduction to Discrete Structures and Probability (math) CSCI 030 Introduction to Software Engineering (systems) CSCI 0330 Introduction to Computer Systems (systems) CSCI 00 Theory of Computation A pair of CS courses with a coherent theme. An additional CS course that is either at the 000-level or is an intermediate course not already used to satisfy concentration requirements. CSCI 450 may not be used to satisfy this requirement. ECON 30 Intermediate Microeconomics (Mathematical) ECON 0 Intermediate Macroeconomics ECON 630 Econometrics I Three courses from the "mathematical economics" group 3 (CSCI 95K can be counted as one of them, if it has not been used to satisfy the computer science requirements of the concentration and if the student has taken either ECON 470 or ECON 870): ECON 70 Welfare and Social Choice Theory ECON 0 Monetary and Fiscal Policy ECON 5 Advanced Macroeconomics: Monetary, Fiscal, and Stabilization Policies ECON 460 Industrial Organization ECON 465 Market Design: Theory and Applications ECON 470 Bargaining Theory and Applications ECON 490 Designing Internet Marketplaces ECON 640 Econometrics II ECON 660 Big Data ECON 670 Advanced Topics in Econometrics ECON 740 Mathematical Finance ECON 750 Investments II ECON 80 and Psychology ECON 80 Behavioral ECON 850 Theory of Economic Growth ECON 860 The Theory of General Equilibrium ECON 870 Game Theory and Applications to and any graduate course Two additional 000-level courses (excluding 60, 960, 970) 3 Capstone Course in either Computer Science or 4 Total Credits 7 A list of pre-approved pairs may be found at the approvedpairs web page (http://www.cs.brown.edu/ugrad/concentrations/ approvedpairs.html). You are not restricted to pairs on this list, but any pair not on the list must be approved by the Computer Science director of undergraduate studies. Or ECON 0, with permission. 3 Note that ECON 60, ECON 960, and ECON 970 (independent study) cannot be used for concentration credit. However, 60 and 960 can be used for university credit and up to two 970s may be used for university credit. 4 One capstone course (http://cs.brown.edu/degrees/undergrad/ concentrations/capstone) in either Computer Science or : a one-semester course, taken in the student's last undergraduate year, in which the student (or group of students) use a significant portion of their undergraduate education, broadly interpreted, in studying some current topic (preferably at the intersection of computer science and economics) in depth, to produce a culminating artifact such as a paper or software project. Standard Program for the A.B. degree: Prerequisites (3 courses): MATH 000 Introductory Calculus, Part II MATH 050 Linear Algebra or MATH 0540 Honors Linear Algebra or CSCI 0530 Coding the Matrix: An Introduction to Linear Algebra for Computer Science ECON 00 Principles of Required Courses: 3 courses: 7 Computer Science and 6 CSCI 450 Probability and Computing or APMA 650 Statistical Inference I
7 or APMA 655 Statistical Inference I Select one of the following series: Series A CSCI 050 Introduction to Object-Oriented & CSCI 060 Programming and Computer Science and Introduction to Algorithms and Data Structures Series B CSCI 070 & CSCI 080 Computer Science: An Integrated Introduction and Computer Science: An Integrated Introduction Series C CSCI 090 Accelerated Introduction to Computer Science (and an additional CS course not otherwise used to satisfy a concentration requirement; this course may be CSCI 080, an intermediate-level course, or a 000-level course) Two of the following intermediate courses, one of which must be math-oriented and one systems-oriented: CSCI 00 Introduction to Discrete Structures and Probability (math) CSCI 030 Introduction to Software Engineering (systems) CSCI 0330 Introduction to Computer Systems (systems) CSCI 00 Theory of Computation Two additional CS courses; at least one must be at the 000- level. The other must either be at the 000-level or be an intermediate course not already used to satisfy concentration requirements. ECON 30 Intermediate Microeconomics (Mathematical) ECON 0 Intermediate Macroeconomics ECON 630 Econometrics I Three courses from the "mathematical-economics" group: 3 ECON 70 Welfare and Social Choice Theory ECON 0 Monetary and Fiscal Policy ECON 5 Advanced Macroeconomics: Monetary, Fiscal, and Stabilization Policies ECON 460 Industrial Organization ECON 465 Market Design: Theory and Applications ECON 470 Bargaining Theory and Applications ECON 490 Designing Internet Marketplaces ECON 640 Econometrics II ECON 660 Big Data ECON 670 Advanced Topics in Econometrics ECON 740 Mathematical Finance ECON 750 Investments II ECON 80 and Psychology ECON 80 Behavioral ECON 850 Theory of Economic Growth ECON 860 The Theory of General Equilibrium ECON 870 Game Theory and Applications to or any graduate course 3 Total Credits 3 3 Or ECON 0, with permission. CSCI 95K can be counted as one of them, if it has not been used to satisfy the computer science requirements of the concentration and if the student has taken either ECON 470 or ECON 870. Note that ECON 60, ECON 960, and ECON 970 (independent study) cannot be used for concentration credit. However, 60 and 960 can be used for university credit and up to two 970s may be used for university credit. Honors Students who meet stated requirements are eligible to write an honors thesis in their senior year. Students should consult the listed honors requirements of whichever of the two departments their primary thesis advisor belongs to, at the respective departments' websites. Professional Track The requirements for the professional track include all those of the standard track, as well as the following: Students must complete two two-to-four-month full-time professional experiences, doing work that is related to their concentration programs. Such work is normally done within an industrial organization, but may also be at a university under the supervision of a faculty member. On completion of each professional experience, the student must write and upload to ASK a reflective essay about the experience addressing the following prompts, to be approved by the student's concentration advisor: Which courses were put to use in your summer's work? Which topics, in particular, were important? In retrospect, which courses should you have taken before embarking on your summer experience? What are the topics from these courses that would have helped you over the summer if you had been more familiar with them? Are there topics you should have been familiar with in preparation for your summer experience, but are not taught at Brown? What are these topics? What did you learn from the experience that probably could not have been picked up from course work? Is the sort of work you did over the summer something you would like to continue doing once you graduate? Explain. Would you recommend your summer experience to other Brown students? Explain. Mathematics- Concentration Requirements The Mathematics concentration is designed to give a background in economic theory plus the mathematical tools needed to analyze and develop additional theoretical constructions. The emphasis is on the abstract theory itself. Students may choose either the standard or the professional track, both award a Bachelor of Arts degree. Standard Mathematics- Concentration ECON 30 Intermediate Microeconomics (Mathematical) ECON 0 Intermediate Macroeconomics ECON 630 Econometrics I Two courses from the "mathematical-economics" group: ECON 70 Welfare and Social Choice Theory ECON 5 Advanced Macroeconomics: Monetary, Fiscal, and Stabilization Policies ECON 465 Market Design: Theory and Applications ECON 470 Bargaining Theory and Applications
8 ECON 640 Econometrics II ECON 660 Big Data ECON 750 Investments II ECON 80 and Psychology ECON 80 Behavioral ECON 850 Theory of Economic Growth ECON 860 The Theory of General Equilibrium ECON 870 Game Theory and Applications to One course from the "data methods" group: ECON 30 of Education I ECON 305 of Education: Research ECON 30 Labor ECON 360 Health ECON 40 Urban ECON 480 Public ECON 50 Economic Development ECON 50 The Economic Analysis of Institutions ECON 530 Health, Hunger and the Household in Developing Countries ECON 69 Applied Research Methods for Economists ECON 640 Econometrics II ECON 765 Finance, Regulation, and the Economy: Research Two additional 000-level economics courses Mathematics Calculus: MATH 080 or higher Linnear Algebra - one of the following: MATH 050 Linear Algebra MATH 0540 Honors Linear Algebra Probability Theory - one of the following: MATH 60 Probability MATH 60 Mathematical Statistics APMA 650 Statistical Inference I Analysis - one of the following: MATH 00 Analysis: Functions of One Variable MATH 30 Functions of Several Variables MATH 40 Functions Of Several Variables Differential Equations - one of the following: MATH 0 Ordinary Differential Equations MATH 0 Partial Differential Equations One additional course from the Probability, Analysis, and Differential Equations courses listed above Total Credits 4 Or ECON 0 with permission. No course may be "double-counted" to satisfy both the mathematicaleconomics and data methods requirement. Honors and Capstone Requirement: Admission to candidacy for honors in the concentration is granted on the following basis: 3.7 GPA for courses, and 3.5 GPA overall. To graduate with honors, a student must write an honors thesis in senior year following the procedures specified by the concentration (see Department website). Beginning with the class of 06, students not writing an honors thesis must complete an alternative senior capstone project and obtain approval of a faculty sponsor. Professional Track The requirements for the professional track include all those of the standard track, as well as the following: Students must complete two two-to-four month full-time professional experiences, doing work that is relevant to their concentration programs. Such work is normally done within an industrial organization, but may also be at a university under the supervision of a faculty member. On completion of each professional experience, the student must write and upload to ASK a reflective essay about the experience addressing the following prompts, to be approved by the student's concentration advisor: Which courses were put to use in your summer's work? Which topics, in particular, were important? In retrospect, which courses should you have taken before embarking on your summer experience? What are the topics from these courses that would have helped you over the summer if you had been more familiar with them? Are there topics you should have been familiar with in preparation for your summer experience, but are not taught at Brown? What are these topics? What did you learn from the experience that probably could not have been picked up from course work? Is the sort of work you did over the summer something you would like to continue doing once you graduate? Explain. Would you recommend your summer experience to other Brown students? Explain. Behavioral Decision Sciences Concentration Requirements Beginning spring 08, students may pursue an A.B. in Behavioral Decision Sciences. The study of decision making covers descriptive questions like how people, institutions, and nations make judgments and decisions; normative questions about rationality, such as what constitutes the best judgments and decisions; and prescriptive questions, such as how the process of decision making can be improved to make actual decisions closer to optimal ones. By virtue of its broad interdisciplinary nature, the study of decision making covers work found in a variety of more traditional disciplines including psychology, cognitive science, economics, philosophy, computer science, and neuroscience. Professor Steven Sloman (steven_sloman@brown.edu?subject=behavioral Decision Sciences) is the concentration advisor. Upon declaring, concentrators are also encouraged to speak with the appropriate area specialist (listed here (http://www.brown.edu/departments/clps/undergrad/behavioral-decisionsciences)). Standard Program for the AB Degree CLPS Classes: CLPS 00 Making Decisions Choose one of the following: CLPS 0400 Cognitive Neuroscience CLPS 000 Human Cognition CLPS 0700 Social Psychology Choose two of the following: CLPS 470 Mechanisms of Motivated Decision Making CLPS 495 Affective Neuroscience CLPS 730 Psychology in Business and CLPS 760 The Moral Brain Distribution Requirements: Select one Introductory Course from the following: ECON 00 Principles of CSCI 0040 Introduction to Scientific Computing and Problem Solving or CSCI 050 Introduction to Object-Oriented Programming and Computer Science
9 or CSCI 070 Computer Science: An Integrated Introduction or CSCI 080 Computer Science: An Integrated Introduction or CSCI 090 Accelerated Introduction to Computer Science Select Two Advanced Courses From: CSCI 40 Artificial Intelligence CSCI 40 Machine Learning ECON 0 Intermediate Microeconomics or ECON 30 Intermediate Microeconomics (Mathematical) ECON 660 Big Data ECON 80 Behavioral ECON 870 Game Theory and Applications to PHIL 0580 Philosophy of PHIL 550 Decision Theory: Foundations and Applications Methods Classes: Choose One From the Following: APMA 0650 Essential Statistics APMA 650 Statistical Inference I CLPS 0900 Statistical Methods CSCI 000 Data Fluency for All CSCI 450 Probability and Computing ECON 60 Introduction to Econometrics Plus One of the Following: CLPS 79 Laboratory in Social Cognition CSCI 050 Introduction to Object-Oriented Programming and Computer Science CSCI 070 Computer Science: An Integrated Introduction ECON 69 Applied Research Methods for Economists ECON 630 Econometrics I PHIL 0540 Logic Electives: 3 Students will choose three additional courses in consultation with a concentration advisor that will constiture an integraded specialization in some area of decision science. Such courses might include, but are not limited to: Psychology and Cognitive Science CLPS 0950 Introduction to programming CLPS 9 Introduction to Programming for the Mind, Brain and Behavior CLPS 370 Introduction to Pragmatics CLPS 970 Directed Reading in Cognitive, Linguistic and Psychological Sciences : ECON 80 Behavioral ECON 870 Game Theory and Applications to Applied Mathematics: APMA 000 Introduction to Modelling APMA 690 Computational Probability and Statistics APMA 640 Theory of Probability APMA 8V Neural Dynamics: Theory and Modeling Philosophy: PHIL 0500 Moral Philosophy PHIL 650 Moral Theories PHIL 750 Epistemology Computer Science: CSCI 430 Computer Vision CSCI 460 Computational Linguistics CSCI 95A Political Science: POLS 090 POLS 50 POLS 470 Public Health: PHP 740 Data Science Polarized Politics Prosperity: The Ethics and of Wealth Creation International Negotiation and Conflict Resolution Principles of Health Behavior and Health Promotion Interventions Capstone: Fall seminar in which students write an integrative paper or do a project covering their areas of study in their senior year. Total Credits 3 Students may not use the same course to satisfy both the Introductory and Methods course requirements. Students will be expected to take no more than 6 courses below the 000- level within the concentration. Students with multiple concentrations may not apply more than courses from a second concentration to the AB in Behavioral Decision Sciences. No more than courses can be transferred from another institution to count toward concentration credit. Honors Students interested in honors should identify a faculty honor's sponsor and sign up with the concentration advisor during Semester 6. Although there is no minimum grade point average to enter the program, admission to the program is limited to students who have accumulated a strong academic record, and show evidence that they will meet the program's requirements. It is expected that honors candidates will conduct a year-long research project under the direction of a faculty sponsor culminating in a written thesis at the end of Semester 8. Honors theses can serve to satisfy the capstone requirement, although honors students are expected to attend the capstone seminar in the fall of their senior year. Graduate Program The department of offers a graduate program leading to the Doctor of Philosophy (Ph.D.) degree. Ph.D. students can earn the A.M. on the way to the Ph.D. or can receive the A.M. if they choose not to complete the Ph.D. program. The A.M. requires passing eight courses in the areas of Microeconomics, Macroeconomics, and Econometrics. For more information on admission and program requirements, please visit the following website: http://www.brown.edu/academics/gradschool/programs/economics
0 Courses ECON 00. Principles of. Extensive coverage of economic issues, institutions, and terminology, plus an introduction to economic analysis and its application to current social problems. Required for all economics concentrators. Prerequisite for ECON 0, 30, 0 and 60. Serves as a general course for students who will take no other economics courses and want a broad introduction to the discipline. Weekly one-hour conference required (conferences are not held during the summer session). Fall ECON00 S0 5647 MWF 9:00-9:50(0) (R. Friedberg) Fall ECON00 C0 5648 M :00-:50 (R. Friedberg) Fall ECON00 C0 5649 M :00-:50 (R. Friedberg) Fall ECON00 C03 5650 M :00-:50 (R. Friedberg) Fall ECON00 C04 565 M :00-:50 (R. Friedberg) Fall ECON00 C05 565 M :00-:50 (R. Friedberg) Fall ECON00 C06 5653 M 3:00-3:50 (R. Friedberg) Fall ECON00 C07 5654 M 3:00-3:50 (R. Friedberg) Fall ECON00 C08 5655 M 3:00-3:50 (R. Friedberg) Fall ECON00 C09 5656 M 7:00-7:50 (R. Friedberg) Fall ECON00 C0 5657 M 7:00-7:50 (R. Friedberg) Fall ECON00 C 5658 T :00-:50 (R. Friedberg) Fall ECON00 C 5659 T :00-:50 (R. Friedberg) Fall ECON00 C3 5660 T :00-:50 (R. Friedberg) Fall ECON00 C4 566 T :00-:50 (R. Friedberg) Fall ECON00 C5 566 T :00-:50 (R. Friedberg) Fall ECON00 C6 5663 T :00-:50 (R. Friedberg) Fall ECON00 C7 5664 T 4:00-4:50 (R. Friedberg) Fall ECON00 C8 5665 T 4:00-4:50 (R. Friedberg) Fall ECON00 C9 5666 T 4:00-4:50 (R. Friedberg) Fall ECON00 C0 5667 T 7:00-7:50 (R. Friedberg) Spr ECON00 S0 5 MWF 9:00-9:50(0) (R. Friedberg) Spr ECON00 C0 56 M :00-:50 (R. Friedberg) Spr ECON00 C0 57 M :00-:50 (R. Friedberg) Spr ECON00 C03 58 M :00-:50 (R. Friedberg) Spr ECON00 C04 59 M :00-:50 (R. Friedberg) Spr ECON00 C05 50 M :00-:50 (R. Friedberg) Spr ECON00 C06 5 M 3:00-3:50 (R. Friedberg) Spr ECON00 C07 5 M 3:00-3:50 (R. Friedberg) Spr ECON00 C08 53 M 3:00-3:50 (R. Friedberg) Spr ECON00 C09 54 M 7:00-7:50 (R. Friedberg) Spr ECON00 C0 55 M 7:00-7:50 (R. Friedberg) Spr ECON00 C 56 T :00-:50 (R. Friedberg) Spr ECON00 C 57 T :00-:50 (R. Friedberg) Spr ECON00 C3 58 T :00-:50 (R. Friedberg) Spr ECON00 C4 59 T :00-:50 (R. Friedberg) Spr ECON00 C5 530 T :00-:50 (R. Friedberg) Spr ECON00 C6 53 T :00-:50 (R. Friedberg) Spr ECON00 C7 53 T 4:00-4:50 (R. Friedberg) Spr ECON00 C8 533 T 4:00-4:50 (R. Friedberg) Spr ECON00 C9 534 T 4:00-4:50 (R. Friedberg) Spr ECON00 C0 535 T 7:00-7:50 (R. Friedberg) ECON 070. Essential Mathematics for. This course teaches the mathematical skills useful for upper level classes. Emphasis is on acquisition of tools, problem solving, intuition, and applications rather than proofs. This course satisfies the mathematics requirement for the concentration, but does not serve as a prerequisite for upper level courses in Math, Applied Math, or other departments. Students planning further courses in those areas should take MATH 000 or MATH 070 (which also satisfy the concentration requirement) instead. Ideally, ECON 070 should be taken before ECON 0, or at least simultaneously. Fall ECON070 S0 66 MWF 9:00-9:50(0) (A. Poterack) Spr ECON070 S0 5336 MWF :00-:50(05) (A. Poterack) ECON 080A. on a Broad Canvas. Where economics fits into the broader pattern of the social sciences, history, and philosophy. Topics include: the world economy from prehistory to the present; the history and varieties of economic thought; comparative economic systems; challenges facing less developed countries; positive and normative perspectives on income inequality and redistribution; and the economy and the quality of life, including the environment. Enrollment limited to 0 first year students. ECON 080B. The Welfare State in America. Introduction to the economic aspects of the major welfare programs provided by government in American Society; Social Security, Health Care and Insurance, Education, Environmental Control. The focus of the course will be on the benefits and costs of each program and proposals for altering the scope of the public sector. Enrollment limited to 9 first year students. FYS ECON 080C. Punishment and Inequality in America. This seminar will use social theory and social science evidence to understand how punishment works as a mechanism to produce inequality in American society. The institution of incarceration as a generator of social stigma is examined in this light. Zero-tolerance policing practices and racial profiling are discussed from this point of view as well. Questions about authority, legitimacy, deviancy, power and social cognition will guide the discussion. Enrollment limited to 9 first year students. FYS WRIT ECON 080D. The Power of Data (and its Limits). Open any newspaper, any magazine, any academic journal, you ll find claims which rely on data. Government policies, economic data, health recommendations all of these are based on some underlying data analysis. Data used in this context has enormous power, but it also has limits. Understanding these limits is key to using but not mis-using the power of data. This first-year seminar will focus on understanding where data comes from, what we can learn from it, and what the limitations are. The course will emphasize policy-relevant economic and public health applications. ECON 050. Welfare Rights, Cosmopolitanism, and Economic Development. We will explore the ethical and economic foundation of Human Rights and its relationship to the Cosmopolitanism View. In particular, we will explore the question of whether people should have not just human rights to liberty, life and security, but also to a basic level of economic subsistence. Prerequisite: ECON 00 or advanced placement. Enrollment limited to 0. ECON 0300. Health Disparities. This seminar will examine the causes and consequences of racial and ethnic disparities in health in the United States, and their relationship to economic disparities. Although the course will be taught primarily from an economics perspective, it will draw on literature from sociology, demography and epidemiology. Enrollment determined by lottery. Prior completion of ECON 00 or a higher-level economics course is required. SOPH ECON 0390. Income, Wealth, and Health Inequality in the United States. The course begins with issues of measurement and definition. We then turn to examine the economic underpinnings of inequality, including the relationship between education, skill, and income; the intergenerational transmission of wealth and economic status; and the causal relationship between health and income. The third part of the course looks at the driving forces behind the large rise in inequality that has occurred since roughly 980 as well as differential trends in life expectancy and health behaviors among income groups over this period. The last section examines government policies that impact inequality and the political economy of redistribution. Fall ECON0390 S0 6946 TTh 0:30-:50(3) (D. Weil)
ECON 050. Development and the International Economy. A course designed primarily for students who do not plan to concentrate in economics but who seek a basic understanding of the economics of less developed countries, including savings and investment, health and education, agriculture and employment, and interactions with the world economy, including trade, international capital flows, aid, and migration. Prerequisite: ECON 00 or advanced placement. Enrollment limited to 00. WRIT Fall ECON050 S0 6843 TTh 9:00-0:0(0) (B. Steinberg) ECON 050. The of Gender Equality and Development. This course shows how an economics lens can be useful in understanding disparities in gender outcomes; how these disparities evolve over the development process; why closing gender gaps matters for development; and the roles of public policies and private action. Among the outcomes examined are human capital, access to economic opportunities, and agency or the ability to make choices and take actions. We will use the tools of economics think about how individuals and families make decisions, respond to opportunities generated by markets, and are affected by the parameters outlined by both formal and informal institutions and social norms. ECON 070. Financial Accounting. Basic accounting theory and practice. Accounting procedures for various forms of business organizations. Fall ECON070 S0 665 MW 6:00-7:30 (R. D'Andrea) Fall ECON070 S0 666 TTh 6:00-7:30 (T. Lonardo) Spr ECON070 S0 5337 MW 6:00-7:30 (F. Sciuto) Spr ECON070 S0 5338 TTh 6:00-7:30 (T. Lonardo) ECON 0780. Political Theory and Economic Analysis. We will examine what role economic theory plays and/or ought to play in political theory and on our conception of politics more broadly. Topics include particular political philosophies and economic concepts such as rationality and efficiency. Prerequisite: ECON 00 or advanced placement. ECON 0790. Business,, Ethics. This is a seminar that focuses on issues of ethics that arise in the context of business and economics. Learning occurs primarily through guided student discussions in class. Other economics courses, especially ECON 00, 0, 340 and 790 are highly recommended. ECON 0. Intermediate Microeconomics. Tools for use in microeconomic analysis, with some public policy applications. Theory of consumer demand, theories of the firm, market behavior, welfare economics, and general equilibrium. Prerequisite: MATH 0060, 0070, 0090, 000, 070, 080, 090, 000, or 0350; and ECON 00; or advanced placement. Fall ECON0 S0 668 MWF 0:00-0:50(4) To Be Arranged' Fall ECON0 S0 66 MWF :00-:50() To Be Arranged' Fall ECON0 S03 66 MWF :00-:50(07) To Be Arranged' Spr ECON0 S0 5339 MWF 9:00-9:50(0) To Be Arranged' Spr ECON0 S0 5340 MWF :00-:50(05) To Be Arranged' Spr ECON0 S03 534 MWF :00-:50(06) To Be Arranged' ECON 30. Intermediate Microeconomics (Mathematical). Microeconomic theory: Theories of the consumer and firm, competitive equilibrium, factor markets, imperfect competition, game theory, welfare economics, general equilibrium. May not be taken in addition to ECON 0. Prerequisite: MATH 000, 070, 080, 090, 000, or 0350; and ECON 00; or advanced placement. Fall ECON30 S0 663 MWF :00-:50() (A. Poterack) Spr ECON30 S0 5387 TTh 0:30-:50(09) (R. Serrano) ECON 60. Managerial. Analysis for making policy decisions within a firm. Goals of the firm, analytical methods for optimizing under constraints. Production decisions, pricing strategies, and investment plans. Advertising, diversification, and research and development. Effect of nonmarket constraints, governmental and self-imposed. Treatment of risk and uncertainty. Prerequisites: ECON 0 or 30. ECON 70. Welfare and Social Choice Theory. This is an advanced microeconomic theory class for undergraduates. Building on the intermediate microeconomics course, the approach is more formal and mathematically more rigorous, presenting arguments and expecting students to carefully develop techniques in order to understand and produce logical proofs. Topics include the efficiency and coalitional stability properties of markets, as well as other mechanisms to allocate resources. Market failures are discussed, including advanced treatments of externalities, public goods, and asymmetric information. The second part of the course will discuss a number of topics in social choice theory, including different normative criteria of compensation, life and death choices, majority voting, Arrow s impossibility theorem. Fall ECON70 S0 665 MW 8:30-9:50(0) (R. Serrano) ECON 85. The Welfare State. The course will include analyses of Health Care, Social Security, Medicare, Medicaid, Immigration Control, and Environmental Control. The focus will be on the extent to which the programs meet their goals without straining the federal budget. Both existing and alternative programs will be evaluated in terms of costs, benefits, as well as their present and future demands on tax revenue and user fees. Prerequisite: ECON 0 or 30; and APMA 650 or ECON 60. Enrollment limited to 30 senior concentrators in, Mathematical, Applied Math-, Computer Science, and BEO. ECON 00. History of Economic Thought. This course covers the history of modern (0th century) economics and economic thinking from the marginal revolution through the first half of the 0th century. The aim will be to develop an understanding of the origin and evolution of central concepts in economic theory, including subjective utility, marginal analysis, competitive markets, examine methodological disputes over positivism and formalism, and the development of general competitive equilibrium. We will consider the emergence of certain subfields in modern economics, and end with a discussion of the relevance of these ideas for economics in the st century. Prerequisite intermediate microeconomics (ECON 0 or ECON 30). Fall ECON00 S0 666 TTh :30-3:50(03) (E. Skarbek) ECON 0. Intermediate Macroeconomics. The economy as a whole: Level and growth of national income, inflation, unemployment, role of government policy. Prerequisite: MATH 0060, 0070, 0090, 000, 070, 080, 090, 000, or 0350; and ECON 00; or advanced placement. Fall ECON0 S0 667 TTh 9:00-0:0(0) (M. Lancastre) Fall ECON0 S0 668 MWF :00-:50(06) (P. Michaillat) Fall ECON0 S03 669 MWF :00-:50(07) (P. Michaillat) Spr ECON0 S0 547 TTh 9:00-0:0(0) To Be Arranged' Spr ECON0 S0 548 TTh :30-3:50() To Be Arranged' Spr ECON0 S03 549 MWF :00-:50(07) To Be Arranged' ECON 0. Monetary and Fiscal Policy. This course is about macroeconomic policy with special focus on the recent economic crisis. Questions will be addressed such as: How does monetary policy affect the economy? What is the effect of government spending and tax cuts? What should the government do in the event of a financial crisis? The main objective of the course is to introduce students to the type of models and methods used in current research in macroeconomics both in the scholarly literature but also in the practice of central banks and major policy institutions. ECON 5. Advanced Macroeconomics: Monetary, Fiscal, and Stabilization Policies. The course is concerned with macroeconomic policy in the US, with special focus on the recent economic crisis. The main objective of the course is to introduce students to the type of models and methods used in current research in macroeconomics both in the scholarly literature but also in the practice of central banks and major policy institutions. Events of the financial crisis and the economic recession of 007-009 will serve to illustrate the challenges confronted by macroeconomic analysis. Prerequisites: ECON 0 or 30; and MATH 0090, 000, 070, 080, 090, 000, or 0350; or advanced placement. Enrollment limited to 30. Spr ECON5 S0 5430 TTh :30-3:50() (G. Eggertsson)