{"id":363,"date":"2025-05-27T15:22:42","date_gmt":"2025-05-27T19:22:42","guid":{"rendered":"https:\/\/www.clarku.edu\/data-science-program\/?p=363"},"modified":"2025-06-05T11:09:03","modified_gmt":"2025-06-05T15:09:03","slug":"economics-track","status":"publish","type":"post","link":"https:\/\/www.clarku.edu\/data-science\/economics-track\/","title":{"rendered":"Economics Track"},"content":{"rendered":"
Professor Edouard Wemy<\/a><\/div>\n\n\n\n
ECON 010 – Economics and the World Economy<\/summary>\n

This course provides an introduction to international economic interactions and the macroeconomic analysis of economies.  The course develops basic economic concepts including market analysis, trade, and demand and supply in the macroeconomy.  Comparisons across countries provide a deeper understanding of business cycles, unemployment, monetary policy, economic growth, currencies and fiscal policy.  These economic concepts provide tools to analyze current issues such as economic stability, debt crises and policies towards trade.  Open to first-year students.<\/p>\n\n\n\n

Course Designation\/Attribute:<\/strong> GP<\/p>\n\n\n\n

Anticipated Terms Offered:<\/strong> Offered every semester<\/p>\n<\/details>\n\n\n\n

ECON 011 – Principles of Economics<\/summary>\n

This course offers an introduction to microeconomics:  the analysis of firms, consumers and markets using economic models.  The first part of the course explains how individual actors in the economy, both consumers and producers, make economic decisions and how global economic conditions can affect those decisions.  The course then examines the implications of those decisions for both competitive markets and for markets where firms can influence prices or output (such as monopoly).  The course also helps students analyze the trade-offs of government interventions in markets and situations in which the free market fails to ensure the best use of resources for a society and discusses possible solutions.<\/p>\n\n\n\n

Prerequisites:<\/strong>ECON 010<\/a><\/p>\n\n\n\n

Course Designation\/Attribute:<\/strong> FA<\/p>\n\n\n\n

Anticipated Terms Offered:<\/strong> Offered every semester<\/p>\n<\/details>\n\n\n\n

ECON 160 – Introduction to Statistical Analysis<\/summary>\n

Examines basic concepts and techniques of statistical method in economic analysis: descriptive statistics, probability theory, sampling distributions, hypothesis testing and simple and multiple regression.<\/p>\n\n\n\n

Prerequisites:<\/strong>ECON 010<\/a><\/p>\n\n\n\n

Course Designation\/Attribute:<\/strong> FA<\/p>\n\n\n\n

Anticipated Terms Offered:<\/strong> Offered every semester<\/p>\n<\/details>\n\n\n\n

ECON 204 – Microeconomic Theory Using Calculus<\/summary>\n

This course introduces students to a set of analytical tools that economists developed to study the behavior of consumers and firms and different market mechanisms. It starts with the theories of the consumer and the producer, then examines competitive market equilibrium, and finally discusses situations in which efficient resource allocations cannot be achieved in competitive markets. Interspersed with theory, the course contains frequent examples that demonstrate the use of microeconomics in solving problems faced by decision-makers in both the private and public sectors. Concepts, techniques, and results from Calculus are regularly used to facilitate theoretical analysis. The main distinction of this course from Econ 205 is the use of calculus.<\/p>\n\n\n\n

Prerequisites:<\/strong> ECON 010<\/a>, ECON 011<\/a>, and MATH 120<\/a> or MATH 124<\/a><\/p>\n\n\n\n

Anticipated Terms Offered:<\/strong> Every year<\/p>\n\n\n\n

Anticipated Terms Offered:<\/strong> n\\a<\/p>\n<\/details>\n\n\n\n

ECON 206 – Macroeconomic Theory<\/summary>\n

Examines basic concepts and techniques of statistical method in economic analysis: descriptive statistics, probability theory, sampling distributions, hypothesis testing and simple and multiple regression.<\/p>\n\n\n\n

Prerequisites:<\/strong>ECON 010<\/a><\/p>\n\n\n\n

Course Designation\/Attribute:<\/strong> FA<\/p>\n\n\n\n

Anticipated Terms Offered:<\/strong> Offered every semester<\/p>\n<\/details>\n\n\n\n

ECON 224 – Applied Game Theory<\/summary>\n

Game theory is the formal study of situations in which individuals make decisions that will influence one another\u2019s welfare. It provides a set of analytical tools that are useful for scholars in all branches of social sciences as well as for practical decision-makers. This course offers an introduction to game theory with an emphasis on its applications. It covers applications in economics, business, political science, sociology, international relations, psychology, biology, and recreation. No prior knowledge of game theory is presumed and the required mathematical background is minimal (high school algebra and one course in calculus will be sufficient).<\/p>\n\n\n\n

Prerequisites:<\/strong>ECON 010<\/a> , ECON 011<\/a> , and MATH 120<\/a> or MATH 124<\/a> or instructor\u2019s permission.<\/p>\n\n\n\n

Anticipated Terms Offered:<\/strong> Offered periodically<\/p>\n<\/details>\n\n\n\n

ECON 265 – Econometrics<\/summary>\n

This course deals with the application of statistical methods to economics. The objective is to expose students to economic model building, testing the model statistically, and applying the model to practical problems in forecasting and analysis. By understanding the theoretical and econometric basis of equations, students gain proficiency in formulating, estimating and interpreting testable relationships on their own.<\/p>\n\n\n\n

Prerequisites:<\/strong>ECON 010<\/a> , ECON 011<\/a> and ECON 160<\/a> (minimum grade of C- needed for ECON 160)<\/p>\n\n\n\n

Anticipated Terms Offered:<\/strong> Offered every spring<\/p>\n<\/details>\n","protected":false},"excerpt":{"rendered":"

Explore game theory, statistical analysis and other areas where economics and data science combine.<\/p>\n","protected":false},"author":7,"featured_media":364,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[24],"tags":[],"class_list":["post-363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-major-elective-tracks"],"yoast_head":"\nEconomics Track | Data Science | Clark University<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.clarku.edu\/data-science\/economics-track\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economics Track\" \/>\n<meta property=\"og:description\" content=\"Explore game 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