Analysis of economic bases, policies, and consequences of government regulation of economic activity. Reasons for government intervention in market behavior, methods of government intervention, and outcomes are studied. 3 undergraduate hours
Prerequisites (Must be complete BEFORE taking this course):
ECON 102 (Microeconomic Principles)
ECON 103 (Macroeconomic Principles)
MATH 220 or MATH 221 (Calculus 1)
ECON 302 (Intermediate Microeconomic Theory)
ECON 480 would be helpful, but is not required
Faculty Teaching the Course:
This course is taught by the below faculty ~ you may click on their name to view their website with additional information. Please check the Course Explorer or Enterprise/Self-Service to see what section they will be teaching (teaching schedules vary by semester).
Ziyi Qiu
Professor Richard Arnould
Past Course Syllabi:
The following syllabi are from past semesters and should only be used as a guide for the information covered in the course and general structure of the course. The instructors have the right to change the course for upcoming semesters ~ please refer to the syllabus they distribute the first day of class.
ECON 481 Richard Arnould Past Syllabus
View the Course Explorer:
See when the course is offered in upcoming semesters and all the section details:
https://courses.cites.illinois.edu/schedule/terms/ECON/481
Restrictions:
Click Here to see our restrictions page for more information on restrictions & overrides
Course restrictions are managed by the Econ Undergraduate Studies Office. Instructors do NOT have the ability to provide overrides.
Additional Course Information:
The below is helpful information from a discussion with Professor Arnould regarding this course. Please keep in mind faculty may change the format of the course each semester, so it is important to follow the syllabus and guidelines for the semester you are taking the course (provided in class).
Is the class discussion or lecture based? How would you describe your teaching style?Both classes are lecture and discussion. I like to have discussion/questions but often talk too much
In what ways are students evaluated/ graded (tests-- multiple choice or essay?, papers, etc)?
Midterm and final. Usually essay questions and also class participation. Students bring in news articles relevant to the class which the present in a couple minutes with emphasis on ‘what is the economic issue”.
What careers will your course give students an advantage in?
Law, regulatory agencies in state and federal governments,
What are some classes students can take before this to help prepare them for the material?
Intermediate micro is a must; 480 would be helpful but is not critical.
What is your background in Economics or the field you are teaching in?
I have been at the UofI for many years teaching graduate and undergraduate courses and doing research in areas related to ECON 481 & 482. I worked on antitrust issues at the USDJ for one year and have done extensive consulting on regulatory and health economics issues. I am the founder of the American Society of Health Economists and had research grants from DHHS and NIH.
How would you consider the workload in comparison to other 400 Level Economics Courses?
Probably comparable.
What is your attendance/participation policy?
Attendance is not mandatory but students must attend enough classes to make their news presentations—I call on students randomly.
