Elements of Economic Analysis (Other UG Award)

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The award
Other UG Award

How long you will study
5 - 10 weeks

Domestic course fees
USD 4085 per module

How you will study
part-time

Course starts
June, July

International course fees
USD 4085 per module

All study options

About Elements of Economic Analysis at University of Chicago

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

Elements of Economic Analysis 1 - June 24 through July 26 - 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 24 through July 26 - 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 29 through August 30 - 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.

Study options for this course

  • The award How you will study How long you will study Course starts Domestic course fees International course fees
  • The awardOther UG AwardHow you will studyPart-timeHow long you will study5 - 10 weeks
    Course startsJune, JulyDomestic course feesUSD 4085 per moduleInternational course feesUSD 4085 per module

Notes about fees for this course

Tuition: $4085 per class

Student Life Fee & Insurance: $395

Room & Board (for on-campus housing option): $650 per week (double room), $750 per week (single)

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). 

Visa Requirements:  International students enrolled full time for credit are eligible for an I-20 (F1 student visa eligibility document). For Visiting Students, full-time status is achieved through enrollment in two concurrent undergraduate courses.

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. 

What students think about University of Chicago

    2018 Summer Session student

    This course reminded me why I love economics. In addition to the engaging and interesting topic of labor economics, [the instructor] would often take time to talk about the history of the Chicago School of Economics and regularly bring a novel perspective on any topic we as students were curious about. It felt as though this course brought together nearly all the topics I had covered in the economics major, but this time in a coherent and integrated framework.

    2017 Summer Session student

    I now am more conscious of tradeoffs both in the world of economics and outside. To me, everything is now a question of what am I willing to give up to get what I want? I have already caught two specific examples of economic statistic misuse (i.e. flows to stock comparisons and intermediate good accountancy errors). I greatly enjoyed learning about the topic. I feel that no matter what I do when I graduate I will have to deal with the economy and money as I will always be a consumer. I think this class greatly contributed to my cultural literacy and an understanding of how the world works, which shifted my perspective-my favorite part about learning.

    2011 Summer Business Scholars Program student

    I had minimal business exposure before entering this program. Mainly for myself as a classical singer, my background was focused heavily in the performing arts. This program opened up so many doors for me and, more importantly, offered me a completely new way of looking at the world.

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