Advanced Concepts in Economics

This second course in the Data Science and Economics series is based on a Connector Course taught at UC Berkeley as a Connector between the field of Economics and the popular Introduction to Data Science Course. In this course we cover national productivity and cross-country historical comparisons, international development, income inequality, and constrained optimization. This course is of interest to the growing number of students interested in the overlap between Economics and Data Science. The course has some more advanced programming challenges, including the cobb-douglas formulation for production and consumption. Each of the applications follows a unique applied dataset to illustrate the concepts that are learned in intermediate economics courses. Concepts of utility and production functions are modeled within python mathematical formulations. This program is offered in collaboration with edX, which is an online program manager (OPM) company. The roles and responsibilities of the OPM partner in the offering of the program are to provide the learning platform for the delivery of academic content, technical support for said platform, marketing support for the courses and programs, and creation of any credentials earned by the learner. UC Berkeley and UC Berkeley faculty are responsible for the creation of accessible academic content, instruction, grading and assessment.

• Applied programming approaches
• Cobb-Douglas production and consumption
• Constrained optimization
• Recovering a demand curve from a utility function
• National production accounts
• Randomized Controlled Trials
• Lorenz Curve and Gini Coefficient
• Income and Wealth Inequality
• Inequality trends across time and across countries

• Data 88.1EX: Fundamentals of Economics