Course Descriptions

Course catalog descriptions for courses offered in all currently published terms.

Business Economics

Department Chairperson: Buchmueller, Thomas
Department Website: http://www.bus.umich.edu/Academics/Departments/BE/
 
 
BE 300 Applied Economics
  3 hours Core Terms Offered: W13, W14
  Advisory Prerequisites: ECON 101 
   
  Applied Economics --- The development of analytical tools and their application to important economic issues. Refines central concepts concerning competition, economic efficiency and the function of property rights, and discusses the effects of the regulation and the rationale for government intervention in the economy. Other topics include the analysis of capital, uncertainty and monopoly.
 
 
BE 301 Advanced Applied Microeconomics
  3 hours Core Terms Offered: F13
  Course Prerequisites: ECON 401 (B+ or better); and no credit in BE 300 
   
  Advanced Applied Microeconomics --- Advanced Applied Microeconomics: The objective of the course is to develop the abilities of students who have already mastered intermediate microeconomics to apply economic reasoning to a wide range of managerial decisions and public policy issues. The course covers many of the same topics as BE 300 but does so at an advanced level and in more depth. Additional advanced topics include incentive design and transaction cost economization, auction design and competitive bidding, and the role of reputation with applications to pricing and contracting.
 (more)
 
 
BE 399 Independent Study Project
  1 - 3 hours Elective Terms Offered: S13, M13, S14, F13, W13, F14, W14, M14
  Advisory Prerequisites: JR.STD. 
   
  Independent Study Project --- Independent study projects, supervised by faculty, are available to juniors and seniors in good academic standing. To select a study project, students should consult the appropriate professor about the nature of the project and the number of the credit hours the work would earn. One to three credit hours may be earned. Junior and senior BBAs may elect only one independent study project in a term, and no more than three during the BBA program. No more than seven credit hours from study projects may be counted toward the BBA degree. To register for a project students must submit an approved Independent Study Project application, available online.
 
 
BE 440 Risk Management and Insurance
  3 hours Elective Terms Offered: W13
  Advisory Prerequisites: MATH 115, junior standing, and permission of instructor. 
  Cross-listed with: MATH 422 
   
  Risk Management and Insurance --- Exploration of insurance as a means of replacing uncertainty with certainty; use of mathematical models to explain theory of interest, risk theory, credibility theory and ruin theory; how mathematics underlies important individual and societal decisions.