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Course Abstracts

ECON 10000. Principles of Microeconomics. (Next offered Summer 2021.) By way of economic theory, applications, and contemporary issues, the course treats (1) the behavior and decision making on the part of individuals, business firms, and governments; and (2) the function of costs, prices, incentives, and markets in the American economy. We discuss contemporary topics such as the distribution of income, the environment, education, sports, and health care. Special attention will be paid to the contributions of Chicago economists/economics to our understanding of microeconomic principles and public policy. (Autumm 2018 syllabus)

ECON 10200. Principles of Macroeconomics. (Next offered Summer 2021.) By way of theory and public policy applications, this course covers current major domestic and international macroeconomic issues in the U.S. economy, including the determination of income and output, inflation, unemployment, and economic growth; money, banking, and the Federal Reserve System; federal spending, taxation, and deficits; and international trade, exchange rates, and the balance of payments. Special attention will be paid to the contributions of Chicago economists/economics to our understanding of macroeconomic principles and public policy. (Winter 2018 syllabus)

ECON 22410. UChicago Economics. (Next offered TBD.) This course will trace in general the history and evolution of economic thought as an intellectual discipline, from the Middle Ages through Adam Smith and the Classical dominance in the 18th and 19th centuries, to the neoclassical period and alternative schools, and then the rise of Keynesian economics and the emergence of the Chicago School of economics in the 20th century. With this background and context, the focus will turn to the theoretical and empirical contributions of important historical UChicago figures such as Veblen, Knight, Hayek, Friedman, Stigler, Coase and Becker as well as the seminal ideas of contemporary scholars, including several Nobel laureates, in the Department, other academic units on campus, and economists elsewhere with deep Chicago roots.

ECON 24720/PBPL 28920. Inequality: Origins, Dimensions & Policy. (Next offered TBD.) For the last three decades, incomes in the United States and in most developed nations across the globe have grown more unequal. That fact has attracted worldwide attention from scholars, governments, religious figures, and public intellectuals. (Paradoxically, at the same time global inequality across countries seems to have gone down.) In this interdisciplinary course, participating faculty members drawn from across the University and invited guest speakers will trace and examine the sources and challenges of inequality and mobility in many of its dimensions, from economic, political, legal, biological, philosophical, public policy, and other perspectives.

ECON 28100. The Economics of Sports. (Next offered TBD.) Economics 281 is a course in microeconomics, applying traditional product and factor market theory and analysis to contemporary economic issues in professional and college athletics, including: the sports business; market structures and outcomes; the market for franchises; barriers to entry, rival leagues, contraction and expansion; cooperative, competitive, and collusive behavior among participants; player productivity and compensation; racial discrimination; public policy, including antitrust and other legislation, financing of and subsidies for new stadiums, institutional rules, and tax policies, licensing and contracts; the media; and ticket scalping and brokers. In light of recent (and forthcoming) labor-management disputes in the four professional leagues, franchise movements in the NFL (and the Expos to Washington in baseball), activity and controversy surrounding public financing of sports stadiums, concern over competitive balance, the use of performance-enhancing substances, and scandals in college athletics, the course will devote additional time to those issues.

LLSO 29001. Sport, Society and Science (Next offered: TBD.) This inter-disciplinary course draws faculty from across the University to examine and to integrate important elements of the world of sport and competition, including sport and society; race and sport; legal, economic and public policy frameworks; psychological and neurological aspects of competition; the physics of sports; and statistical measurements of performance.(Winter 2013 syllabus)