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BerkeleyX: Advanced Concepts in Economics

Learn the basic concepts of economics through Data Science applications and Python programming. This course covers applications in production theory, utility maximization, randomized controlled trials, and income inequality. Second course of a three course series.

Advanced Concepts in Economics
4 weeks
5–10 hours per week
Self-paced
Progress at your own speed
Free
Optional upgrade available

There is one session available:

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Starts May 3

About this course

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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.

At a glance

What you'll learn

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  • 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

Part 1 - Production and Cobb -Douglas

Part 2 - Utility Maximization

Part 3 - Inequality

Part 4 - International Development

This course is part of DATA 88EX: Economic Models with Python Professional Certificate Program

Learn more 
Expert instruction
3 skill-building courses
Self-paced
Progress at your own speed
3 months
5 - 10 hours per week

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