College of Economics - Undergraduate

Course Code	Course Title	Credits	Course Description
ECO2001	Principles of Economics I	3	This course covers foundational theories in microeconomics such as consumer theory and producer theory, incorporating topics from game theory, industrial organization, and labor economics.
ECO2002	Principles of Economics II	3	This course introduces basic macroeconomic analysis methods, covering national income concepts, equilibrium national income, monetary and banking systems, inflation, unemployment, growth and development, and the fundamentals of international economics.
ECO2003	Foundations of Mathematical Economics	3	This course introduces concepts in matrices, vectors, derivatives, and integrals necessary for understanding economic theory and statistics. It also explores partial derivatives and optimization solutions used in economic modeling.
ECO2004	Economic Statistics	3	This course covers fundamental concepts of descriptive and inferential statistics, such as frequency distribution, probability distribution, estimation, and hypothesis testing. Additionally, it introduces correlation and regression analysis concepts used in empirical economic models.
ECO2005	Economic Data Analysis	3	Prerequisite: ECO2004 (or MGT2002 or MAT3020) This course teaches statistical and econometric methods for analyzing real-world economic data. Topics include using statistical packages for data analysis and practical applications in economic and econometric models.
ECO2006	Microeconomics I	3	Prerequisite: ECO2001, ECO2003 (or STS2005 or STS2006) This course examines the principles of resource allocation and income distribution in market economies, including supply and demand concepts, consumer equilibrium, production and cost theories, and market equilibrium models.
ECO2007	Macroeconomics I	3	Prerequisite: ECO2001, ECO2002, ECO2003 (or STS2005 or STS2006) This course explores aggregate economic variables such as national income, inflation, unemployment, and economic growth. It provides a framework for analyzing macroeconomic phenomena and discusses policy measures for stabilization and growth.
ECO2008	Mathematical Economics	3	Prerequisite: ECO2001, ECO2003 (or STS2005 or STS2006) This course applies mathematical concepts such as linear algebra and calculus to economic theory. Topics include implicit function theorems and optimization in economic modeling.
ECO2009	Econometrics I	3	Prerequisite: ECO2004 (or MGT2002 or MAT3020) This course covers statistical estimation and hypothesis testing methods, focusing on linear regression models and their applications. Topics include model selection, multicollinearity, heteroscedasticity, and autocorrelation, providing tools for addressing practical econometric challenges.
ECO2010	History of Economic Thought I	3	Prerequisite: ECO2001, ECO2002 This course explores the development of economic theories and philosophies from mercantilism to Marxism, emphasizing their systematic frameworks and theoretical structures.
ECO2011	Modern Economic History	3	Prerequisite: ECO2001, ECO2002 This course examines the historical development of modern economies, focusing on post-mercantilism and the Industrial Revolution.
ECO2012	Dynamic Programming	3	Prerequisite: ECO2003 (or STS2005 or STS2006) This course introduces dynamic programming, a mathematical methodology for solving multistage optimization problems under uncertainty. Applications of dynamic programming in macroeconomics are emphasized.
ECO3001	Industrial Economics	3	Prerequisite: ECO2006 This course analyzes how market structure influences firm strategies and economic outcomes. Topics include pricing, production, R&D, and government policies aimed at improving market efficiency.
ECO3002	Labor Economics	3	Prerequisite: ECO2004 (or MGT2002 or MAT3020), ECO2006 This course studies labor market dynamics, including wage determination, labor supply and demand, and policies affecting employment and income distribution.
ECO3003	Economics of Technology	3	Prerequisite: ECO2004 (or MGT2002 or MAT3020), ECO2006 This course examines the determinants and economic impacts of technological innovation, including intellectual property, technology diffusion, and innovation policies.
ECO3004	Urban Economics	3	Prerequisite: ECO2006 This course explores urbanization, spatial equilibrium, and key urban issues such as housing markets, transportation, urban poverty, and public policies addressing these issues.
ECO3005	Environmental Economics	3	Prerequisite: ECO2006, ECO2007 This course analyzes the causes of environmental issues and solutions based on economic principles, including global environmental treaties like the Kyoto Protocol.
ECO3006	Economics of Education	3	Prerequisite: ECO2006, ECO2007 This course applies economic principles to education, addressing optimal education levels, returns on investment in education, and the impact of education on economic growth.
ECO3007	Agricultural Economics	3	Prerequisite: ECO2006, ECO2009 This course studies international agricultural trade agreements (e.g., WTO, FTA) and evaluates domestic agricultural policies through economic analysis.
ECO3008	Financial Economics	3	Prerequisite: ECO2006, ECO2007 This course provides an introduction to major financial markets (bonds, stocks, loans) and the theoretical foundations of financial institutions and central banking.
ECO3009	Public Economics	3	Prerequisite: ECO2006, ECO2007 This course explores the role of government in the economy, focusing on public interventions, taxation, and expenditure policies.
ECO3010	International Trade	3	Prerequisite: ECO2006 This course covers theories and policies of international trade, including comparative advantage, trade and growth, tariffs, and non-tariff barriers.
ECO3011	International Finance	3	Prerequisite: ECO2007 This course covers theories and policies related to the balance of payments and international monetary systems. Topics include foreign exchange markets, exchange rate determination theories, adjustment theories and policies under different exchange rate regimes, and the roles and developments of international monetary systems and financial markets.
ECO3012	Development Economics	3	Prerequisites: ECO2006, ECO2007 This course examines factors that promote or hinder a country's development using economic theories and empirical analysis. It is designed for students aiming to join international development organizations, domestic aid centers, or pursue graduate studies, and involves intensive discussions.
ECO3017	International Economics	3	Prerequisites: ECO2001, ECO2002 This introductory course covers international trade and finance fundamentals. Topics include basic trade theories, trade policies, balance of payments, exchange rates and foreign exchange markets, open macroeconomics theories and policies, and international monetary systems.
ECO3020	Economics Field Practice	3	This course involves full-time work at companies or workplaces relevant to future career goals. It aims to enhance understanding of workplace operations, support career choices, and foster demand-oriented talent development.
ECO3021	Economic Growth	3	Prerequisites: ECO2003 (or STS2005/STS2006), ECO2007 This course introduces theories of economic growth and methods for interpreting economic data. It covers the interaction of capital accumulation, technological advancements, institutions, and economic policies in determining long-term economic growth.
ECO3022	Big Data Analysis in Financial Markets (Capstone Design)	3	Prerequisites: ECO2001, ECO2002 The course focuses on analyzing financial data and deriving economic insights using Python modules. It introduces methods for subscribing to big data, basic understanding of deep learning, and the use of Python libraries/packages in financial models. Topics also include natural language processing and graph theory applications in financial data.
ECO4001	Microeconomics II	3	Prerequisites: ECO2006 This course provides a fundamental understanding of general equilibrium and efficiency in resource allocation. It systematically analyzes the role of market mechanisms, theories of social welfare functions, income distribution, and the functions of the public sector within the framework of general equilibrium.
ECO4002	Macroeconomics II	3	Prerequisite: ECO2007 This course builds upon Macroeconomics I, covering additional topics such as equilibrium macroeconomic theory, dynamic optimization, expectation formation theories, the role of money in equilibrium theory, overlapping generations models, policy efficiency debates, and Lucas critique. A basic understanding of statistics, econometrics, and calculus is required.
ECO4004	Mathematical Statistics in Economics	3	Prerequisite: ECO2004 (or MGT2002 or MAT3020) This course covers three main topics: a review of probability theory, estimation, and sampling theory; topics in multivariate distribution theories used in economics; estimation theories like method of moments and maximum likelihood estimation; and conditional expectation functions and linear/nonlinear population functions, utilizing matrix and vector algebra.
ECO4005	Game Theory	3	Prerequisite: ECO2006 Game theory studies rational decision-making by economic agents aware of mutual interdependencies. This course explores the fundamental concepts of game theory and its applications in economic analysis through basic and applied models.
ECO4006	Economics of Information	3	Prerequisite: ECO2006 This course examines how asymmetric information between buyers and sellers affects resource allocation, leading to problems such as adverse selection and moral hazard. It introduces signaling models, screening models, and moral hazard models, applying them to real-world business and industrial organization scenarios.
ECO4007	Competition Law and Industrial Regulation Economics	3	Prerequisite: ECO2006 This course identifies market failures in industries and explores policy responses. It examines the economic foundations of competition law, addressing issues such as collusion, corporate mergers, and abuse of market dominance. The course also evaluates preemptive industrial regulation policies addressing inefficiencies caused by natural monopolies, externalities, and asymmetric information.
ECO4008	Financial Policy	3	Prerequisites: ECO2006, ECO2007 The course addresses institutional and theoretical aspects of financial policy, including interest rate determination, the role of central banks, monetary policy tools, money demand and supply, and the effects of monetary policy on inflation, national income, and employment.
ECO4009	Derivatives Markets	3	Prerequisites: ECO2004, ECO2006 This course covers the concepts of forwards, futures, and options, their market operation, the behavior of market participants (hedgers, speculators, arbitrageurs), and the formation of theoretical prices in derivatives markets.
ECO4010	International Financial Markets	3	Prerequisites: ECO2001, ECO2002 This course examines the structure, functions, and evolution of international financial markets and foreign exchange markets. It explores theories applied to these markets and the rapidly growing field of international financial derivatives, including futures, options, and swaps.
ECO4011	Fiscal Policy	3	Prerequisites: ECO2006, ECO2007 Building on ECO3009, this course analyzes the impact of government fiscal actions on resource allocation, economic stability, growth, income distribution, and their interrelationship with other policy instruments through both theoretical and empirical approaches.
ECO4014	Korean Economy	3	Prerequisites: ECO2001, ECO2002 This course studies the structural changes and growth factors of the Korean economy by examining various fields such as industrial structure, consumption, investment, finance, fiscal policies, trade, and balance of payments.
ECO4018	Special Topics in Economics I	3	Prerequisites: ECO2001, ECO2002 This course covers specialized topics in economics beyond the areas specified in the core economics curriculum.
ECO4019	Special Topics in Economics II	3	Prerequisites: ECO2001, ECO2002 This course covers specialized topics in economics beyond the areas specified in the core economics curriculum.
ECO4020	Special Topics in Economics III	3	Prerequisites: ECO2001, ECO2002 This course covers specialized topics in economics beyond the areas specified in the core economics curriculum.
ECO4021	Special Topics in Economics IV	3	Prerequisites: ECO2001, ECO2002 This course covers specialized topics in economics beyond the areas specified in the core economics curriculum.
ECO4022	Special Topics in Economics V	3	Prerequisites: ECO2001, ECO2002 This course covers specialized topics in economics beyond the areas specified in the core economics curriculum.
ECO4023	Seminar in Economics	3	Prerequisites: ECO2006, ECO2007 This course is conducted in small groups (approximately 20 students per group) covering all areas of economics. It involves lectures, discussions, and student presentations to deeply analyze and apply economic concepts to real-world problems.
ECO4025	Corporate Finance	3	Prerequisites: ECO2006 This course investigates economic phenomena related to corporate financing. It introduces models focused on agency problems within firms and analyzes topics such as credit allocation, financial structure, contracts, collateral, corporate restructuring, monitoring, mergers and acquisitions, and corporate governance.
ECO4029	Economic Methodology	3	Prerequisites: ECO2004 (or MGT2002 or MAT3020) This course introduces the theoretical and empirical methodologies of recent developments in economics. It also builds professional skills for applying these methodologies to policy evaluation and market analysis.
ECO4030	Behavioral Economics	3	Prerequisites: ECO2006 Behavioral Economics combines traditional microeconomics with empirical observations to improve understanding of economic phenomena. This course compares its foundational and methodological approaches with traditional models to highlight its contributions to understanding and explaining various empirical phenomena.
ECO4031	Experimental Economics	3	Prerequisites: ECO2006 Experimental Economics tests economic theories using experimental data collected under controlled laboratory or field decision-making environments. This course introduces experimental design and data analysis methods while exploring key studies in areas such as market experiments, game experiments, and uncertainty experiments.
ECO4032	Econometric Analysis of Financial Markets (Capstone Design)	3	Prerequisites: ECO2006, ECO2007, ECO2009 This course introduces fundamental concepts and methodologies for financial time series analysis, including ARMA, ARCH, and VAR models. Topics include asset return prediction, asset pricing models, and Value at Risk (VaR), using tools like Matlab, Python, or R.
ECO4033	Analysis of Macroeconomic Indicators (Capstone Design)	3	Prerequisites: ECO2007 This course focuses on understanding macroeconomic indicators released by Statistics Korea and the Bank of Korea. It discusses how to use these indicators to assess current economic conditions and make economic projections.
ECO4034	Behavioral Analysis of Financial Markets (Capstone Design)	3	Prerequisites: ECO2006, ECO2007 This course analyzes phenomena such as financial bubbles and investor psychology in stock and foreign exchange markets through both theory and empirical data. It bridges the gap between behavioral finance theories and real-world applications to better prepare students for careers in finance.
ECO4035	Applied Microeconometrics	3	Prerequisites: ECO2004, ECO2006, ECO2009 This course introduces econometric methodologies relevant to applied microeconomic fields such as labor economics and industrial organization. Topics include panel data models, methods accounting for endogenous variables, simultaneous equation models, and models with constrained dependent variables. Students will also learn to use software such as Eviews or Stata.
ECO4036	Multinational Corporations and Economic Analysis	3	Prerequisites: ECO2006 This course aims to understand theories and empirical analysis methods related to foreign direct investment and domestic foreign investment. Topics include vertical and horizontal foreign investment, determinants of foreign direct investment, economic effects on host countries, global value chains, and corporate tax avoidance strategies. Students also engage in data analysis using basic statistical resources.
ECO4037	Stock and Bond Markets	3	Prerequisites: ECO2003, ECO2004, ECO2006 This course provides insights into phenomena in stock and bond markets, aiming to enhance understanding of valuation paradigms, tools for sound investment decisions, and financial theories. Topics include investment decisions, risk and return, arbitrage, market efficiency, and asset valuation models.
ECO4038	Business Cycle Theory	3	This course focuses on key issues and policies related to business cycles, with a particular emphasis on financial crises. It examines macroeconomic theories and fiscal and monetary policies addressing cyclical fluctuations, including causes and transmission mechanisms of financial crises and their macroeconomic impacts.
ECO4039	Applied Microeconomic Theory	3	Prerequisites: ECO2006 This course aims to develop theoretical analysis skills for various economic issues. It employs mathematical modeling to address topics such as societal norms, networks, statistical discrimination, and decision-making behaviors. Students gain proficiency in theoretical analysis and problem-solving through structured modeling techniques.