Pierre-Olivier Weill featured in the Economist
Professor Pierre-Olivier Weill’s research was featured in an Economist article on the relationship between housing prices and economic, social, and geographic conditions.
Navigating Minimum Advertised Prices
John Asker
In his recent working paper entitled “Vertical Information Restraints,” Professor John Asker studies minimum advertised price (MAP) policies that prevent retailers advertising “excessively low” prices.
When a retailer enters into a distribution agreement with a manufacturer, the agreement may impose ‘vertical’ restraints on the retailer that restrict price or non-price aspects of retailer activity. Price restraints include resale price maintenance (RPM), in which the manufacturer imposes floors and/or ceilings in retail pricing. Non-price restraints include exclusivity provisions or the imposition of sales territories. In his new paper, Professor Asker considers a third type of vertical restraint: information restraints and, in particular, MAP policies. These policies impose a floor on the price at which retailers can advertise a product, but, crucially, not the price at which it can be sold to a consumer. That is, even if a MAP policy imposes a floor of $10 a unit on advertised prices, nothing restricts the retailer from selling it to a consumer for $7.
To understand the way MAP restrictions work, and in particular how they differ from the price restraint embodied in an RPM restriction, it is useful to examine a typical MAP provision. As an example, consider the January 1, 2016, MAP policy of Samsung Techwin America (a manufacturer of security cameras and surveillance equipment). The MAP price is specified as a percentage of the manufacturer’s suggested retail price (in this instance, 40% of MSRP). The policy explicitly applies to all advertisements in all media, including online. The MAP restriction only applies to advertised prices and not to the price at which products are actually sold. In physical stores, this means that the posted price in the store is not affected by the MAP restriction. As regards online pricing, the policy states:
“Pricing listed on an internet site is considered an “advertised price” and must adhere to the MAP policy. Once the pricing is associated with an actual purchase (an internet order), the price becomes the selling price and is not bound by this MAP policy. Statements such “we will match any price”, and “call for price” are acceptable.”
In particular, such policies allow retailers to advise customers that they will be able to see the price when the item is in a (digital) shopping basket. Lastly, Samsung reserves the right to punish non-compliance with termination.
Professor Asker’s paper examines the pro- and anti-competitive impacts of MAP policies through the lens of a series of closely related models. Since, superficially, MAP and RPM policies appear similar, the economic impact of these policies are compared and contrasted. Two themes emerge. First, for MAP policies to have any market impact, consumers need to have an informational (search) friction that advertising helps alleviate. Hence, in every setting we consider search frictions are a central feature. Without search, MAP is irrelevant to market outcomes. Second, MAP policies soften competition by obscuring prices. Thus, consumers allocate themselves to competitors somewhat randomly, being unable to sort as they would if perfectly informed as to prices. By contrast, RPM softens competition by equalizing prices. When consumers, or retailers, are heterogenous, MAP is helpful in retaining the flexibility to profitably accommodate heterogeneity. Thus, MAP will have an impact on markets when search and heterogeneity among similarly situated economic actors are important features of the environment. This paper therefore suggests that the divergent policy stance of the courts with respect to vertical price restraints (like RPM) and information restraints (like MAP) may warrant reconsideration.
New Book by Leah Boustan
Professor Leah Boustan published a book entitled “Competition in the Promised Land: Black Migrants in Northern Cities and Labor Markets”. This builds on her 10 years of research into the great migration carried out at UCLA.
You can buy the book from Amazon.
A Quick Overview: From 1940 to 1970, nearly four million black migrants left the American rural South to settle in the industrial cities of the North and West. Competition in the Promised Land provides a comprehensive account of the long-lasting effects of the influx of black workers on labor markets and urban space in receiving areas.
Traditionally, the Great Black Migration has been lauded as a path to general black economic progress. Leah Boustan challenges this view, arguing instead that the migration produced winners and losers within the black community. Boustan shows that migrants themselves gained tremendously, more than doubling their earnings by moving North. But these new arrivals competed with existing black workers, limiting black-white wage convergence in Northern labor markets and slowing black economic growth. Furthermore, many white households responded to the black migration by relocating to the suburbs. White flight was motivated not only by neighborhood racial change but also by the desire on the part of white residents to avoid participating in the local public services and fiscal obligations of increasingly diverse cities.
Employing historical census data and state-of-the-art econometric methods, Competition in the Promised Land revises our understanding of the Great Black Migration and its role in the transformation of American society.
Understanding the Current Economy: UCLA Economists Speak Out
In recent months, UCLA economists have actively written and spoken about the current economic crisis. We have compiled links (in chronological order) to the various opinions and ideas put forth by our economics faculty on issues such as how the current disaster was allowed to develop, how the proposed economic policies are likely to work, and what the future holds for our economy.
Prof. Lee Ohanian, November 12, 2017:
My Kingdom for a Renewable Energy Source
Prof. Lee Ohanian, July 11, 2016:
Prescott, Ohanian: How the Golden State lost its luster
Prof. Lee Ohanian, April 7, 2016:
U.S. Needs A President Who Understands Benefits Of Free Trade
Prof. Lee Ohanian, September 3, 2015:
4% Economic Growth? Yes, We Can Achieve That
Prof. Lee Ohanian, December 29, 2014:
European Economic Errors for the U.S. to Avoid
Distinguished Professor Roger Farmer, October 20, 2014:
Will Americans ever vote for a far-reaching wealth tax?
Prof. Lee Ohanian, October 9, 2014:
U.S. Income Inequality Isn’t Soaring, It’s Falling
Distinguished Professor Roger Farmer, August 12, 2014:
No more boom and bust? The financial policy committee has time on its side
Prof. Lee Ohanian, June 24, 2014:
Edward Prescott and Lee Ohanian: Behind the Productivity Plunge, Fewer Startups
Prof. Lee Ohanian, February 10, 2014:
Why we continue to lose the War on Poverty
Distinguished Professor Roger Farmer, February 4, 2014:
A Q & A with Roger Farmer (Interview with World Economic Forums Tomas Hirst)
Prof. Lee Ohanian, February 3, 2014:
U.S. Productivity Growth Has Taken a Dive
Distinguished Professor & 2013 Senior Houblon Norman Fellow Roger Farmer, December 19, 2013:
“How to Stop Financial Panics? Say Hello to Qualitative Easing” (Interview with WSJ Jason Douglas)
Prof. Lee Ohanian, September 18, 2013:
What Economic Recovery?
Distinguished Professor & Senior Houblon Fellow Bank of England Roger Farmer, July 19, 2013:
A sovereign wealth fund can save the UK from market meltdown
Distinguished Professor Roger Farmer, April 1, 2013:
Confessions of a Keynesian heretic
Distinguished Professor & Senior Houblon Norman Fellow Bank of England Roger Farmer, January 23, 2013:
Why financial markets are inefficient
Prof. Lee Ohanian, December 12, 2012:
Prescott and Ohanian: Taxes Are Much Higher Than You Think
Prof. Lee Ohanian, October 30, 2012:
Equality of opportunity, not income, is needed
Prof. , October 29, 2012:
Payroll Taxes Are ‘Regressive’? Time to Rethink That Idea
Prof. Lee Ohanian, October 29, 2012:
Payroll Taxes Are ‘Regressive’? Time to Rethink That Idea
Prof. Lee Ohanian, August 21, 2012:
Ohanian on the Great Recession and the Labor Market
Prof. Aaron Tornell, June 22, 2012:
Europe Needs a Federal Reserve
Distinguished Professor and Department Chair Roger Farmer, May 8, 2012:
Central banks should do much more
Prof. Aaron Tornell, March 28, 2012:
Has the ECB hit a limit?
Distinguished Professor and Department Chair Roger Farmer, March 5, 2012:
Roger Farmer: Espero ver un nuevo relajamiento cuantitativo en EE. UU.
Prof. Aaron Tornell, December 6, 2011:
Eurozone Crisis, Act Two: Has the Bundesbank reached its limit?
Prof. Andrew Atkeson, November 28, 2011:
The Rising Fear in Bank Stock Prices (search the title in Google News to unlock the article)
Distinguished Professor and Department Chair Roger Farmer, November 4, 2011:
Banks, Wealth and a Crisis of Confidence
Prof. Aaron Tornell, September 28, 2011:
Greece: The sudden stop that wasnt
Prof. Harold L. Cole and Lee E. Ohanian, September 26, 2011:
Stimulus and the Depression: The Untold Story
Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
The Fear Factor, Project Syndicate(French)
Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
The Fear Factor, Project Syndicate(Arabic)
Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
The Fear Factor, Project Syndicate(German)
Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
The Fear Factor, Project Syndicate(English)
Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
The Fear Factor, Project Syndicate(Italian)
Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
The Fear Factor, Project Syndicate(Czech)
Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
The Fear Factor, Project Syndicate(Spanish)
Distinguished Professor and Department Chair Roger Farmer, September 5, 2011:
Market psychology, high unemployment and rational bubbles
Distinguished Professor and Department Chair Roger Farmer & Economics Ph.D Student Dmitry Plotnikov, September 5, 2011 Roger Farmer, September 5, 2011:
Does fiscal policy matter? Is there a better way to reduce unemployment?
Prof. Andrew Atkeson, Lee Ohanian and William E. Simon Jr, August 23, 2011:
Fed’s Faulty Policies Will Create Inflation, Not Jobs
Distinguished Professor and Department Chair Roger Farmer, May 1, 2011:
Follow the Money: Looking at the Economic Crisis’, Los Angeles Times Festival of Books, USC
Distinguished Professor and Department Chair Roger Farmer, April 21, 2011:
Don’t Let Banks Gamble With Taxpayer Money
Distinguished Professor and Department Chair Roger Farmer, April 10, 2011:
How to Raise Interest Rates and Lower Unemployment at the Same Time
Prof. Andrew Atkeson, January 10, 2011:
How to Revive the California Dream
Prof. Lee Ohanian, December 13, 2010:
The Bush Tax Cuts Never Went Far Enough
Distinguished Professor and Department Chair Roger Farmer, November 15, 2010:
How to Restore Confidence in the Economy Without Inflating a New Asset Market Bubble
Prof. Lee Ohanian, October 28, 2010:
Where are the Jobs? The Parallels between Today and the Great Depression
Prof. Lee Ohanian and Edward C. Prescott, October 11, 2010:
Solid Long-term Policies, Not Quick Fixes, Need to Turn Economy Around
Prof. Lee Ohanian, August 27, 2010:
FDR and the Lessons of the Depression
Distinguished Professor and Department Chair Roger Farmer, August 25, 2010:
We need more QE (quantitative easing) to prevent another Great Depression: Round 2
Distinguished Professor and Department Chair Roger Farmer, August 18, 2010:
We Need More Quantitative Easing to Create Jobs
Distinguished Professor and Department Chair Roger Farmer, August 1, 2010:
Featured Interview about new book, ‘How the Economy Works: Confidence, Crashes and Self Fulfilling Prophecies’, Summer 2010 Volume Fourteen, UCLA COLLEGE REPORT: UCLA College of Letters and Science
Distinguished Professor and Department Chair Roger Farmer, July 29, 2010:
How the Economy Works: Confidence, Crashes and Self Fulfilling Prophecies, Talk and Book Signing, HSBC, NYC
Distinguished Professor and Department Chair Roger Farmer, July 28, 2010:
How the Economy Works: Confidence, Crashes and Self Fulfilling Prophecies, Talk and Book Signing, Bryant Park, NYC
Distinguished Professor and Department Chair Roger Farmer, July 18, 2010:
Austerity or Stimulus? We Don’t Have to Choose
Prof. Lee Ohanian, July 8, 2010:
The Right Way to Raise Wages: The President’s Drive to Strengthen Unions Will Increase Unemployment
Prof. Lee Ohanian, June 29, 2010:
It’s Time to Bring Back Jobs
Distinguished Professor and Department Chair Roger Farmer, June 21, 2010:
How to Bail Out Good Banks and Let Bad Banks Fail
Distinguished Professor and Department Chair Roger Farmer, June 11, 2010:
Why the Fed Should Buy Stocks
Distinguished Professor and Department Chair Roger Farmer, June 7, 2010:
International Television Interview with Jen Rogers of Reuters Insider
Distinguished Professor and Department Chair Roger Farmer, June 1, 2010:
Economic Policy Through the Lens of History
Prof. Lee Ohanian, May 18, 2010:
Taxing Like Europe
Prof. Lee Ohanian, May 11, 2010:
Another Too Big To Fail Firm
Distinguished Professor and Department Chair Roger Farmer, April 28, 2010:
Quantitative Easing
Distinguished Professor and Department Chair Roger Farmer, April 28, 2010:
How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies
Distinguished Professor and Department Chair Roger Farmer, April 28, 2010:
Derivative Market Regulation
Distinguished Professor and Department Chair Roger Farmer, April 28, 2010:
US Finance Reform
Distinguished Professor and Department Chair Roger Farmer, April 25, 2010:
Professor Featured at the Upcoming L.A. Times Festival of Books
Distinguished Professor and Department Chair Roger Farmer, April 25, 2010:
Future of the American Economy Panel
Prof. Emeritus Axel Leijohufvud, April 10, 2010:
Instabilities
Distinguished Professor and Department Chair Roger Farmer, April 8, 2010:
A History Lesson from Lombard Street for Wall Street in 2010
Distinguished Professor and Department Chair Roger Farmer, March 29, 2010:
UCLA Today Magazine- 10 Questions for UCLA Economist Roger E.A. Farmer-with Meg Sullivan
Prof. Emeritus Earl A. Thompson, March 18, 2010:
No reason for Economic Optimism
Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Exclusive Podcast Interview on the Current Economic Crisis
Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Pepperdine University, Distinguished Lecture Series-Roger Farmer Lecture on How the Economy Works_Part1
Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Pepperdine University, Distinguished Lecture Series-Roger Farmer Lecture on How the Economy Works_Part2
Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Pepperdine University, Distinguished Lecture Series-Roger Farmer Lecture on How the Economy Works_Part3
Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Pepperdine University, Distinguished Lecture Series-Roger Farmer Lecture on How the Economy Works_Part4
Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Pepperdine University, Distinguished Lecture Series-Roger Farmer Lecture on How the Economy Works_part5
Distinguished Professor and Department Chair Roger Farmer, March 25, 2010:
Roger E. A. Farmer’s “How the Economy Works”
Distinguished Professor and Department Chair Roger Farmer, February 28, 2010:
Macroeconomics for the 21st Century: Part 2
Distinguished Professor and Department Chair Roger Farmer, February 27, 2010:
Macroeconomics for the 21st Century: Part 1
Prof. Lee Ohanian, February 24, 2010:
Did Stimulus Create Any Jobs?
Distinguished Professor and Department Chair Roger Farmer, January 28, 2010:
Why I Don’t Believe in Fairies
Prof. Lee Ohanian, January 26, 2010:
Lee Ohanian on Hoover, Roosevelt, and the Great Depression
Prof. Emeritus Axel Leijohufvud, January 23, 2010:
A Modest Proposal
Distinguished Professor and Department Chair Roger Farmer, January 6, 2010:
Farewell to the Natural Rate
Prof. Lee Ohanian, November 17, 2009:
A Cure for Unemployment: Forget Short-Term Fixes. Good Long-Run Policies Will Create Jobs
Prof. Lee Ohanian, October 21, 2009:
A Temporary Hiring Tax Credit?
Distinguished Professor and Department Chair Roger Farmer, October 16, 2009:
Don’t Give Up on Quantitative Easing: We Can Have Our Cake and Eat It Too
Distinguished Professor and Department Chair Roger Farmer, October 5, 2009:
The Great Recession Ended in May of 2009
Prof. Lee Ohanian, September 2, 2009:
Wages of Depression: Hoover-Era Lessons for Today’s Policymakers
Distinguished Professor and Department Chair Roger Farmer, August 6, 2009:
The Great Recession and the Coming Jobless Recovery
Prof. Lee Ohanian, July 21, 2009:
How Not to Pay for Healthcare
Prof. Lee Ohanian, July 15, 2009:
The Depression Divide: Why Economists Disagree
Prof. Lee Ohanian, July 8, 2009:
Will Reducing Government Spending Derail the Recovery?
Prof. Lee Ohanian, July 2, 2009:
No, Inflation Is Not the Key to This Recovery
Prof. Lee Ohanian, July 1, 2009:
Fed Policy On Inflation: As Good as It Gets
Prof. Lee Ohanian, June 29, 2009:
The Fed Fears Deflation More Than Inflation
Prof. Lee Ohanian, June 16, 2009:
How Stimulating Is Stimulus? Not Very
Prof. Lee Ohanian, June 10, 2009:
The $787 Billion Mistake
Distinguished Professor and Department Chair Roger Farmer, May 27, 2009:
Why Keynes Was Right and Wrong, and Why It Matters
Prof. Emeritus Michael Intriligator, May 3, 2009:
It Will Take Years Before the Current Recession Will End
Prof. Lee Ohanian, April 30, 2009:
Revisiting the 1930s: Why Did the Great Depression Last So Long?
Distinguished Professor and Department Chair Roger Farmer, April 16, 2009:
Macroeconomics: Adjusting the Big Picture
Distinguished Professor and Department Chair Roger Farmer, April 6, 2009:
Bah Humbug: Stagflation is Around the Corner
Prof. Lee Ohanian, April 4, 2009:
Hearing on Lessons from the New Deal – Testimony for the U.S. Senate Subcommittee on Economic Policy (pdf)
Prof. Lee Ohanian, April 4, 2009:
Hearing on Lessons from the New Deal – Testimony for the U.S. Senate Subcommittee on Economic Policy (video)
Prof. Lee Ohanian, March 30, 2009:
The Role of Labor Policy: Council on Foreign Relations Symposium on a Second Look at the Great Depression and the New Deal
Prof. Andrew Atkeson, March 16, 2009:
Featured Guest in Economist Debates: This House Believes that We Are All Keynesians?
Visiting Scholar David Mayer-Foulkes, March 5, 2009:
Long-Term Fundamentals of the 2008 Economic Crisis
Prof. Emeritus Earl A. Thompson, March 5, 2009:
What President Obama Should Know About Recessions
Prof. Emeritus Deepak Lal, March 5, 2009:
The Mont Pelerin Society Presidential Address: A MANDATE RENEWED
Prof. Emeritus Deepak Lal, March , 2009:
The Great Crash of 2008: A collection of The Business Standard columns
Prof. Emeritus Michael Intriligator, February 23, 2009:
The Current Worldwide Financial and Economic Crisis
Prof. Edward E. Leamer, February 17, 2009:
How to Improve the New Bank Rescue Plan?
Prof. Emeritus Axel Leijonhufvud, February 13, 2009:
No Ordinary Recession
Distinguished Professor and Department Chair Roger Farmer, February 9, 2009:
How to Fix the Banks
Prof. Emeritus Earl A. Thompson, February 6, 2009:
An Economist’s Advice to President Obama
Distinguished Professor and Department Chair Roger Farmer, February 4, 2009:
The Government Should Target the Stock Market
Prof. Lee Ohanian, February 2, 2009:
How Government Prolonged the Depression: Policies that Decreased Competition in Product and Labor Markets were Especially Destructive
Prof. Lee Ohanian, January 30, 2009:
The New Deal Stimulus
Prof. Emeritus Axel Leijonhufvud, January 13, 2009:
Fixing the Financial System
Prof. Emeritus Axel Leijonhufvud, January 12, 2009:
Fixing the Crisis: Two Systemic Problems
Distinguished Professor and Department Chair Roger Farmer, January 12, 2009:
A New Monetary Policy for the 21st Century
Distinguished Professor and Department Chair Roger Farmer, December 30, 2008:
How to Prevent the Great Depression of 2009
Distinguished Professor and Department Chair Roger Farmer, December 19, 2008:
U.S. Has 50% Chance of Depression
Prof. Lee Ohanian, December 16, 2008:
Obama’s New Deal: As Bad as the Old New Deal?
Prof. Lee Ohanian, December 10, 2008:
Revisiting the New Deal
Prof. Emeritus Michael Intriligator, December 5, 2008:
A Toyota Takeover Could Save GM
Prof. Lee Ohanian, November 12, 2008:
Obamanomics: To Fix the Economy, the President-Elect Should Take His Cues from History
Prof. Lee Ohanian, November 3, 2008:
Don’t Raise Capital Gains Taxes
Prof. Francisco J. Buera, November 1, 2008:
Learning the Wealth of Nations
Prof. Lee Ohanian, October 31, 2008:
The “Bailout Puzzle”
Distinguished Professor and Department Chair Roger Farmer, October 9, 2008:
How the U.S. Economic Crisis Will Affect the Global Economy
Distinguished Professor and Department Chair Roger Farmer, October 9, 2008:
What’s Wrong with the Economy and How to Fix It
Prof. Lee Ohanian, October 8, 2008:
Good Policies Can Save the Economy: Why We Need Lower Tax Rates and More Skilled Immigrants
Prof. Earl A. Thompson, September 24, 2008:
No Bailout Necessary
Prof. Edward E. Leamer, September 1, 2008:
Please Think This Over
Prof. Emeritus Axel Leijonhufvud, May 13, 2008:
Central Banking Doctrine in Light of the Crisis
Prof. Emeritus Axel Leijohufvud, May 1, 2008:
Keynes and the Crisis
Prof. Emeritus Axel Leijonhufvud, October 26, 2007:
Bubble, Bubble, Toil and Trouble
Prof. Pierre-Oliver Weill, August 23, 2007:
Crashes and Recoveries in Illiquid Markets
Prof. Pierre-Oliver Weill, January 18, 2007:
Leaning Against the Wind
Prof. Lee Ohanian, August 10, 2004:
FDR’s Policies Prolonged Depression by 7 years, UCLA Economists Calculate
Welcome New Faculty Members
The Department of Economics is pleased to introduce our new faculty members:
Assistant Professor Youssef Benzarti (Ph.D. 2016, University of California, Berkeley)
Assistant Professor Michela Giorcelli (Ph.D. 2016, Stanford University)
Assistant Professor Martin Hackmann (Ph.D. 2014, Yale University, previously an Assistant Professor at Pennsylvania State University)
Also joining us this year as a Visiting Professor is Volker Nocke, on leave from Mannheim University in Germany.
New book by Roger Farmer
Professor Roger Farmer’s new book, Prosperity for All: How to Prevent Financial Crises, was published this month by Oxford University Press.
The book is available on Amazon.
Learn more about the book on his website.
In my book Prosperity for All: How to Prevent Financial Crises,I draw on evidence not just from the 1930s, but also from later decades, to build a theory that accounts not just for depressions, but also for stagflation. Unlike Keynes, I do not conclude that more government spending is the right way to cure a depression. Instead, I argue for a new policy in which central banks and national treasuries systematically intervene in financial markets to prevent the swings in asset prices that have such debilitating effects on all of our lives.
UCLA Economists awarded NSF Grants
John Asker won an NSF Grant entitled “Market Power and Resource Allocation” to examine how the global oil cartel OPEC impacts productive efficiency.
Denis Chetverikov and Zhipeng Liao also won an NSF grant entitled “Cross-Validation for High-Dimensional and Nonparametric Models in Econometrics” to study how to select a smoothing parameter for Lasso estimators that are commonly used to estimate high-dimensional models using “big data” and machine learning techniques.
Congratulations 2016 Scoville Teaching Award winners
The department would like to congratulate the 2016 winners of the Warren C. Scoville Distinguished Teaching Award for excellence in undergraduate teaching.
Spring 2016
Tomasz Sadzik – Econ 106G “Introduction to Game Theory”
Winter 2016
Jay Lu – Econ 148 “Behavioral Economics”
Fall 2015
Lee Ohanian – Econ 165 “History of American Capitalism”
Congratulations Class of 2016!
The Department of Economics congratulates our 2015-2016 degree recipients. We are proud of you for your accomplishments and wish you much success in your future endeavors.
We would like to extend our warmest thank you to Mr. Steven Laub for his keynote speech at our 2016 Commencement Ceremony on June 11 at Pauley Pavilion. Mr. Laub recently retired as President and CEO of the Atmel Corporation, a leading technology company. To view Mr. Laub’s speech, please click here.
Summer Classes
New freshmen:
Econ 1 Principles of Microeconomics. Sessions A and C
Econ 2 Principles of Macroeconomics. Sessions A and C
Transfer students:
Econ 11 Microeconomic Theory, I. Sessions A and C
Econ 41 Statistics for Economists. Session A
Upper division courses required for all majors:
Econ 101 Microeconomic Theory, II. Sessions A and C
Econ 102 Macroeconomic Theory. Sessions A and C
Econ 103/103L Introduction to Econometrics. Session C
Upper division electives:
Econ 106F Finance. Sessions A and C
Econ 106G Introduction to Game Theory. Session A
Econ 106P Pricing and Strategy. Session C
Econ 122 International Finance. Session C
Econ M134 Environmental Economics. Session C
Econ 160 Money and Banking. Session A
