Learn The Approaches To Economic Research And Experimentation That Make UChicago A World Leader

By University of Chicago

UChicago Summer Session

Students who attend the UChicago Summer Session get an authentic college experience in an unparalleled academic environment. Visiting students can live in the residence halls, access the recreational and research facilities on campus, and enjoy living in one of the most dynamic and vibrant cities in the United States while they learn from pre-eminent faculty with intellectually curious students from around the world.

Visiting undergraduate students are invited to explore economics at UChicago during the summer quarter. Courses in the Kenneth C. Griffin Department of Economics cover topics at different levels. Courses can fill quickly, so students are encourage to apply early. Some courses have pre-requisites, so students should carefully review course descriptions on our website. Course details and the application can be found on the Summer Session website: http://summer.uchicago.edu.

The following courses are typically offered during the Summer Quarter for current UChicago students and qualified visiting students:

  • Econometrics Students learn the single and multiple linear regression model, the associated distribution theory, and testing procedures; corrections for heteroskedasticity, autocorrelation, and simultaneous equations; and other extensions as time permits. Students also apply the techniques to a variety of data sets using PCs.
  • Elements of Economic Analysis 1 This microeconomics course develops the tools economists use to analyze the behavior of markets, the theory of consumer choice, the behavior of firms in response to changing costs and prices, and the interaction of producer and consumer choice.
  • Elements of Economic Analysis 2 This course examines demand and supply as factors of production and the distribution of income in the economy; it also considers some elementary general equilibrium theory and welfare economics.
  • Elements of Economic Analysis 3 As an introduction to macroeconomic theory and policy, this course covers the determination of aggregate demand (i.e., consumption, investment, the demand for money); aggregate supply; and the interaction between aggregate demand and supply. We also discuss economic growth, business cycle, inflation and money.
  • Introduction to Macroeconomics Students investigate current major U.S. domestic and international macroeconomics issues such as the determination of income and output, inflation, and unemployment; the money supply, banking system, and the Federal Reserve; and international trade, exchange rates, the balance of payments and globalization.
  • Introduction to Microeconomics Vis-à-vis economic theory, applications, and contemporary issues, students will examine: (a) behavior and decision making on the part of individuals, business firms, and government; and (b) the role of choices, trade-offs, costs, prices, incentives and markets in the American economy.  Topics include the distribution of income, health care, the environment, and power in product and labor markets.
  • Labor Economics This course is an introduction to labor economics with an emphasis on applied microeconomic theory and empirical analysis.  Topics to be covered include: labor supply and demand, taxes and transfers, minimum wages, immigration, human capital, creativity over the lifecycle and unemployment.  For each topic we will describe the basic economic framework used in the analysis, analyze associated cases of study and drawn conclusions about what we have learned.  Most of the examples will be taken from U.S.
  • Game Theory An introduction to the basic ideas and applications of game theory, topics include models of games in extensive and strategic form, equilibria with randomization, signaling and beliefs, reputation in repeated games, bargaining games, investment hold-up problems, and mediation and incentive constraints.
  • Massive Change: Finance and Economics The central prism throughout this course is change: across time, societies, and circumstances.  We draw from economics and finance, from other social sciences, and from history.  The course focuses on ideas and concepts and not on methods and techniques.  Among the topics are the following: (i) An overview of 500 + years of coevolution of finance and economies. (ii) A taxonomy of the sources of massive changes. (iii) Predictability and unpredictability.

UChicago Summer Session
Here at Chicago we aim to convey the ideas and methods of academic economics.  Broadly defined, economics is the study of how society allocates scarce resources. From principles to advanced topics classes, from preparatory courses in mathematics and statistics to research opportunities, the program strives to convey how economists reason and how they analyze models and compare model implications to observations.

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