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Elements of Economic Analysis, Other UG Award, Summer Course

University of Chicago, United States

University of Chicago

Study options for this course

The award How you will study Study duration Course start Domestic course fees International course fees
Other UG Award, Summer CourseOnline5 weeksJune, JulyUSD 4635 per moduleUSD 4635 per module

About Elements of Economic Analysis, Other UG Award, Summer Course - at University of Chicago

These courses will be taught online. 

Application Deadlines: March 9 and April 7, 2022. Rolling admissions through May 1 or until course fills. 

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The Elements of Economic Analysis course sequence include three separate classes:

Elements of Economic Analysis 1 - June 13 through July 15 - 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 3 - June 13 through July 15 - 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.

Elements of Economic Analysis 2 - July 18 through August 19 - 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.

For more information on Summer Session for undergraduate students, visit https://summerundergraduate.uchicago.edu

Notes about fees for this course

Tuition: $4,635 per class

Entry requirements

Academic Prerequisites: Introductory course in micro- and macroeconomics. Familiarity with multivariate calculus and optimization (for Analysis 1); consumer theory (for Analysis 2); completion of Analysis 2, plus Constrained optimization using Lagrangian method, Microeconomic analysis with consumer theory, firm theory, and general equilibrium concepts (for Analysis 3). 

Language Requirement: Competence in English must be demonstrated in order to qualify for admission. Applicants who are natives of the U.S., the United Kingdom, Ireland, Australia, New Zealand, and other countries where English is one of the official languages and the primary language of instruction in their schools has been English do not need to submit English proficiency test results.

All other international applicants must submit results from the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS). We strongly recommend a score of 104 or higher on the internet-based TOEFL, with subscores of 26 each. Minimum required scores on the IELTS (students must take the Academic test, not the General Training test) are an overall score of 7, with subscores of 7 each. Students should score at least a 125 on the DET.

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