# ECON 621: Markets and Models | UW–Madison [View on UW Courses](https://uwcourses.com/courses/ECON_621) ## Dataset ### revision e243353dcb7d79b7247ced91d69443ef4c2a6349 ### repository twangodev/uwcourses ### schema version 6 ### importer version 7 ### projection id 52a78527ff09011d88cb04c7d43867d9fbfec2930bf1dd2ec359ebd2844e0b07 ### observed at 2026-09-07T15:55:43.033547+00:00 ### built at 2026-09-10T19:50:42.743001+00:00 ### courses 8951 ### current instructors 5754 ### limited false ### terms * 1272 * 1264 * 1262 * 1254 * 1252 * 1244 * 1242 * 1234 * 1232 * 1224 * 1222 * 1212 * 1204 * 1202 * 1194 * 1192 * 1184 * 1182 * 1174 * 1172 * 1164 * 1162 * 1154 * 1152 * 1144 * 1142 * 1134 * 1132 * 1124 * 1122 * 1114 * 1112 * 1104 * 1102 * 1094 * 1092 * 1084 * 1082 * 1074 * 1072 ### term 1272 ### departments | subject | count | | --------- | ----- | | AAE | 90 | | ABT | 20 | | ACCTIS | 36 | | ACTSCI | 14 | | AFAERO | 10 | | AFRICAN | 87 | | AFROAMER | 71 | | AGROECOL | 21 | | AMERIND | 53 | | ANAT\&PHY | 7 | | ANATOMY | 2 | | ANESTHES | 8 | | ANSCI | 57 | | ANTHRO | 95 | | ART | 125 | | ARTED | 10 | | ARTHIST | 121 | | ASIALANG | 129 | | ASIAN | 109 | | ASIANAM | 28 | | ASTRON | 38 | | ATMOCN | 69 | | BIOCHEM | 51 | | BIOCORE | 10 | | BIOLOGY | 14 | | BIOMDSCI | 18 | | BME | 66 | | BMI | 41 | | BMOLCHEM | 10 | | BOTANY | 69 | | BSE | 44 | | C\&ESOC | 73 | | CBE | 48 | | CHEM | 101 | | CHICLA | 52 | | CIVENGR | 133 | | CLASSICS | 47 | | CNP | 10 | | CNSRSCI | 50 | | COMARTS | 137 | | COMPBIO | 15 | | COMPLIT | 11 | | COMPSCI | 138 | | COUNPSY | 78 | | CRB | 19 | | CS\&D | 71 | | CSCS | 40 | | CURRIC | 193 | | DANCE | 93 | | DERM | 8 | | DS | 88 | | DYSCI | 35 | | ECE | 155 | | ECON | 145 | | EDPOL | 114 | | EDPSYCH | 97 | | ELPA | 70 | | EMA | 53 | | EMERMED | 17 | | ENGL | 206 | | ENTOM | 40 | | ENVIRST | 148 | | EP | 15 | | EPD | 67 | | ESL | 16 | | F\&WECOL | 60 | | FAMMED | 22 | | FINANCE | 50 | | FOLKLORE | 40 | | FOODSCI | 43 | | FRENCH | 63 | | GEN\&WS | 145 | | GENBUS | 72 | | GENECSLR | 17 | | GENETICS | 60 | | GEOG | 113 | | GEOSCI | 83 | | GERMAN | 82 | | GLE | 48 | | GNS | 38 | | GREEK | 27 | | HDFS | 41 | | HEBR-BIB | 13 | | HEBR-MOD | 10 | | HISTORY | 233 | | HISTSCI | 56 | | HONCOL | 13 | | ILS | 43 | | INFOSYS | 9 | | INTEGART | 7 | | INTEGSCI | 22 | | INTER-AG | 18 | | INTER-HE | 11 | | INTER-LS | 22 | | INTEREGR | 16 | | INTLBUS | 21 | | INTLST | 50 | | ISYE | 83 | | ITALIAN | 53 | | JEWISH | 56 | | JOURN | 88 | | KINES | 128 | | LACIS | 26 | | LANDARC | 61 | | LATIN | 24 | | LAW | 120 | | LEGALST | 48 | | LINGUIS | 35 | | LIS | 89 | | LITTRANS | 78 | | LSC | 52 | | M\&ENVTOX | 7 | | MARKETNG | 62 | | MATH | 153 | | MDGENET | 8 | | ME | 130 | | MEDHIST | 43 | | MEDICINE | 60 | | MEDIEVAL | 32 | | MEDPHYS | 39 | | MEDSC-M | 29 | | MEDSC-V | 41 | | MHR | 68 | | MICROBIO | 45 | | MILSCI | 16 | | MM\&I | 22 | | MOLBIOL | 6 | | MS\&E | 59 | | MUSIC | 165 | | MUSPERF | 126 | | NAVSCI | 20 | | NE | 44 | | NEURODPT | 11 | | NEUROL | 7 | | NEURSURG | 4 | | NTP | 11 | | NURSING | 111 | | NUTRSCI | 65 | | OBS\&GYN | 18 | | OCCTHER | 39 | | ONCOLOGY | 14 | | OPHTHALM | 5 | | OTM | 43 | | PATH | 34 | | PATH-BIO | 29 | | PEDIAT | 26 | | PHARMACY | 31 | | PHILOS | 77 | | PHMCOL-M | 11 | | PHMPRAC | 45 | | PHMSCI | 60 | | PHYASST | 37 | | PHYSICS | 88 | | PHYSIOL | 3 | | PHYTHER | 37 | | PLANTSCI | 52 | | PLPATH | 35 | | POLISCI | 192 | | POPHLTH | 58 | | PORTUG | 33 | | PSYCH | 101 | | PSYCHIAT | 22 | | PUBAFFR | 54 | | PUBLHLTH | 23 | | RADIOL | 11 | | REALEST | 41 | | RELIGST | 90 | | RHABMED | 9 | | RMI | 24 | | RP\&SE | 102 | | S\&APHM | 17 | | SCANDST | 73 | | SLAVIC | 89 | | SOC | 149 | | SOCWORK | 87 | | SOILSCI | 46 | | SPANISH | 83 | | SRMED | 21 | | STAT | 94 | | STDYABRD | 52 | | STS | 8 | | SURGERY | 25 | | SURGSCI | 33 | | THEATRE | 91 | | URBRPL | 60 | | UROLOGY | 5 | | ZOOLOGY | 89 | ## course ### run id 20260907T155543-ce3781c4 ### semester 1272 ### observed at 2026-09-07 15:55:43.033547+00:00 ### record version id 2a85e62e25a71200e22863f590124c2667f5abea302248b0b1c2186d48da2047 ### course id ECON 621 ### course uid course\_071c8f834bcb9f9790bfcb0d ### catalog version id 699e2961930b3571de9333d9a87c889ae4525b505c062367f9e326490891142b ### course number 621 ### subjects * ECON ### title MARKETS AND MODELS ### description An investigation into the various ways that markets determine the allocation of scarce resources: via a single market-clearing price, waiting in line or other forms of rationing, search, a centralized matching algorithm, an auction, or a contest. We will examine real-world examples of each type of market, and introduce and solve a formal theoretical model of each to see what insights it leads to. ### requirements text (ECON 301or311) and (MATH 217 or221), or graduate/professional standing ### credit offering ids None recorded. ### llm job id enrich-f516c4d3e82cfe326b4f5f54 ### llm output id 10e9c19c0313bf416c18bf22afb63e927ca4a46b832a82ea0fc59f7b17212975 ### llm model nvidia/Qwen3.6-35B-A3B-NVFP4 ### llm model revision 1355db6a052410cfd62085d94b58866fd0f2c3c5 ### llm task version 14 ### llm search status valid ### llm summary ECON 621 investigates market mechanisms for resource allocation, examining real-world examples and solving formal theoretical models for each. ### llm topics * Market-clearing prices * Rationing and waiting lines * Search markets * Centralized matching algorithms * Auctions * Contests ### llm skills * Solving formal theoretical models of market mechanisms * Analyzing real-world market examples ### llm assumed background * Intermediate microeconomic theory * Advanced mathematical microeconomic theory * Calculus and analytic geometry ### llm search phrases * market design * matching algorithms * auction theory * resource allocation models * microeconomic theory applications ### llm requirements status valid ### llm student summary status valid ### llm experience status valid ### catalog variants None recorded. ### student summary #### context hash 445876a6401df802f32739cf7287e7c3361e8b29dcfc470c355cd384c69721b9 #### course id ECON 621 #### current instructors None recorded. #### difficulty workload Historical reviews of Daniel Quint: The course places high weight on mathematics, requiring strong quantitative preparation despite the engaging theoretical content. ```json { "citations": [ { "instructor_name": "Daniel Quint", "review_date": "2026-05-09 12:17:22 +0000 UTC", "review_id": "33f5349664e7cd7e30081ea7", "run_id": "20260907T155543-ce3781c4", "source_instructor_id": "rmp:1225942", "source_review_id": "UmF0aW5nLTQzMDc4ODc1", "source_url": "https://www.ratemyprofessors.com/professor/1225942", "type": "review" } ] } ``` #### errors None recorded. #### historical context Historical reviews of Daniel Quint: Daniel Quint made abstract models and theories interesting to learn, earning high quality ratings. However, the course heavily weighted mathematics, which posed a challenge for students with weaker math skills despite the high average grades. ```json { "citations": [ { "instructor_name": "Daniel Quint", "review_date": "2026-05-09 12:17:22 +0000 UTC", "review_id": "33f5349664e7cd7e30081ea7", "run_id": "20260907T155543-ce3781c4", "source_instructor_id": "rmp:1225942", "source_review_id": "UmF0aW5nLTQzMDc4ODc1", "source_url": "https://www.ratemyprofessors.com/professor/1225942", "type": "review" } ] } ``` #### offered false #### profile hash e59ddc7389015d0035b68cd195c939d475bf72b959b29cf12eab59b454ccaef1 #### quick take Historical reviews of Daniel Quint: Daniel Quint makes abstract economic models and theories engaging, though the course is math-heavy and may challenge students with weaker quantitative skills. ```json { "citations": [ { "instructor_name": "Daniel Quint", "review_date": "2026-05-09 12:17:22 +0000 UTC", "review_id": "33f5349664e7cd7e30081ea7", "run_id": "20260907T155543-ce3781c4", "source_instructor_id": "rmp:1225942", "source_review_id": "UmF0aW5nLTQzMDc4ODc1", "source_url": "https://www.ratemyprofessors.com/professor/1225942", "type": "review" } ] } ``` Recent recorded grades — Spring 2024: 3.57 GPA, 72.7% A/AB (n=22 letter grades); Spring 2026: 3.45 GPA, 59.5% A/AB (n=42 letter grades). ```json { "citations": [ { "course_id": "ECON 621", "run_id": "20260907T155543-ce3781c4", "source_record": { "entity_id": "3c791c4a-000f-3c3d-8407-094286fae4c7", "file": "tables/observations.parquet", "kind": "grades", "source": "madgrades" }, "table": "grades_latest", "term_id": "1244", "type": "grade" }, { "course_id": "ECON 621", "run_id": "20260907T155543-ce3781c4", "source_record": { "entity_id": "3c791c4a-000f-3c3d-8407-094286fae4c7", "file": "tables/observations.parquet", "kind": "grades", "source": "madgrades" }, "table": "grades_latest", "term_id": "1264", "type": "grade" } ] } ``` #### student experience Historical reviews of Daniel Quint: One reviewer found the instruction interesting and noted the course has a high average grade, but struggled with the heavy math weighting. ```json { "citations": [ { "instructor_name": "Daniel Quint", "review_date": "2026-05-09 12:17:22 +0000 UTC", "review_id": "33f5349664e7cd7e30081ea7", "run_id": "20260907T155543-ce3781c4", "source_instructor_id": "rmp:1225942", "source_review_id": "UmF0aW5nLTQzMDc4ODc1", "source_url": "https://www.ratemyprofessors.com/professor/1225942", "type": "review" } ] } ``` #### task hash 74fb0997943e888960bbc9e47db8c4fd12e4292d55c20509d8d89db6a9910f68 #### teaching history DANIEL QUINT is recorded teaching in Spring 2024, Spring 2026. Recorded history may be incomplete and does not establish a future schedule. ```json { "citations": [ { "course_id": "ECON 621", "run_id": "20260907T155543-ce3781c4", "section_number": 1, "source_course_id": "3c791c4a-000f-3c3d-8407-094286fae4c7", "source_record": { "entity_id": "3c791c4a-000f-3c3d-8407-094286fae4c7", "file": "tables/observations.parquet", "kind": "grades", "source": "madgrades" }, "table": "section_grades_latest", "term_id": "1244", "type": "grade" }, { "course_id": "ECON 621", "run_id": "20260907T155543-ce3781c4", "section_number": 1, "source_course_id": "3c791c4a-000f-3c3d-8407-094286fae4c7", "source_record": { "entity_id": "3c791c4a-000f-3c3d-8407-094286fae4c7", "file": "tables/observations.parquet", "kind": "grades", "source": "madgrades" }, "table": "section_grades_latest", "term_id": "1264", "type": "grade" } ] } ``` #### term id 1272 #### term name 2026 Fall #### version 2 ### requirements #### nodes ```json [ { "children": [ "n1", "n8" ], "condition": null, "course": null, "evidence": "(ECON 301or311) and (MATH 217 or221), or graduate/professional standing", "id": "n0", "kind": "any" }, { "children": [ "n2", "n5" ], "condition": null, "course": null, "evidence": "(ECON 301or311) and (MATH 217 or221)", "id": "n1", "kind": "all" }, { "children": [ "n3", "n4" ], "condition": null, "course": null, "evidence": "(ECON 301or311)", "id": "n2", "kind": "any" }, { "children": [], "condition": null, "course": { "course_number": 301, "minimum_grade": null, "subjects": [ "ECON" ], "timing": "prior" }, "evidence": "ECON 301", "id": "n3", "kind": "course" }, { "children": [], "condition": null, "course": { "course_number": 311, "minimum_grade": null, "subjects": [ "ECON" ], "timing": "prior" }, "evidence": "311", "id": "n4", "kind": "course" }, { "children": [ "n6", "n7" ], "condition": null, "course": null, "evidence": "(MATH 217 or221)", "id": "n5", "kind": "any" }, { "children": [], "condition": "MATH 217", "course": null, "evidence": "MATH 217", "id": "n6", "kind": "condition" }, { "children": [], "condition": null, "course": { "course_number": 221, "minimum_grade": null, "subjects": [ "MATH" ], "timing": "prior" }, "evidence": "221", "id": "n7", "kind": "course" }, { "children": [], "condition": "graduate/professional standing", "course": null, "evidence": "graduate/professional standing", "id": "n8", "kind": "condition" } ] ``` #### notes None recorded. #### root n0 #### status parsed ### instructors None recorded. ### offerings None recorded. ### sections None recorded. ### grade instructors ```json [ { "instructor_uid": "instructor_0f0fb1a0cd329c6f6769523e", "source": "madgrades", "source_instructor_id": "4350752", "identity_basis": "source_id", "identity_status": "source_identified", "name": "DANIEL QUINT", "email": null, "first_observed_at": "2026-09-06 23:14:58.172943+00:00", "last_observed_at": "2026-09-07 15:55:43.033547+00:00", "ratings": { "review_count": 33, "quality": 4.82, "difficulty": 2.85, "quality_count": 33, "difficulty_count": 33, "profile_id": "rmp:1225942", "source_url": "https://www.ratemyprofessors.com/professor/1225942", "match_basis": "exact_name", "observed_at": "2026-09-07 16:45:54.108723+00:00", "courses": { "course_071c8f834bcb9f9790bfcb0d": { "review_count": 1, "quality": 5, "difficulty": 3, "quality_count": 1, "difficulty_count": 1 }, "course_de95d6e91ab772f6898e81ec": { "review_count": 30, "quality": 4.8, "difficulty": 2.73, "quality_count": 30, "difficulty_count": 30 }, "course_58c6777bcc200d28ee8b067d": { "review_count": 1, "quality": 5, "difficulty": 5, "quality_count": 1, "difficulty_count": 1 } }, "bayesian_quality": 4.382145578696829, "prior_mean": 3.6596857835465957, "prior_weight": 20 }, "grade_statistics": { "gpa": 3.195, "graded": 3509, "counts": [ 961, 672, 1139, 404, 274, 40, 19 ], "sections": 78 }, "instructor_url": "/instructors/DANIEL_QUINT" } ] ``` ### grades ```json [ { "run_id": "20260907T155543-ce3781c4", "semester": "1272", "observed_at": "2026-09-07 15:55:43.033547+00:00", "course_id": "ECON 621", "course_uid": "course_071c8f834bcb9f9790bfcb0d", "term_id": "1244", "term_name": "Spring 2024", "instructors": [ "DANIEL QUINT" ], "a": 9, "ab": 7, "b": 6, "bc": 0, "c": 0, "d": 0, "f": 0, "satisfactory": 0, "unsatisfactory": 0, "credit": 0, "no_credit": 0, "passed": 0, "incomplete": 0, "no_work": 0, "not_reported": 0, "other": 0, "total": 22, "source_aliases": [ "ECON 621" ] }, { "run_id": "20260907T155543-ce3781c4", "semester": "1272", "observed_at": "2026-09-07 15:55:43.033547+00:00", "course_id": "ECON 621", "course_uid": "course_071c8f834bcb9f9790bfcb0d", "term_id": "1264", "term_name": "Spring 2026", "instructors": [ "DANIEL QUINT" ], "a": 19, "ab": 6, "b": 11, "bc": 6, "c": 0, "d": 0, "f": 0, "satisfactory": 0, "unsatisfactory": 0, "credit": 0, "no_credit": 0, "passed": 0, "incomplete": 1, "no_work": 0, "not_reported": 0, "other": 0, "total": 43, "source_aliases": [ "ECON 621" ] } ] ``` ### statistics #### gpa 3.492 #### graded 64 #### counts * 28 * 13 * 17 * 6 * 0 * 0 * 0 ### grade conflicts None recorded. ### evidence #### history * [/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/history/course\_071c8f834bcb9f9790bfcb0d-0.json](https://uwcourses.com/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/history/course_071c8f834bcb9f9790bfcb0d-0.json) #### traces * [/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/traces/course\_071c8f834bcb9f9790bfcb0d-0.json](https://uwcourses.com/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/traces/course_071c8f834bcb9f9790bfcb0d-0.json) #### reviews * [/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/reviews/course\_071c8f834bcb9f9790bfcb0d-0.json](https://uwcourses.com/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/reviews/course_071c8f834bcb9f9790bfcb0d-0.json) #### results * [/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/results/course\_071c8f834bcb9f9790bfcb0d-0.json](https://uwcourses.com/data/e243353dcb7d79b7247ced91d69443ef4c2a6349/results/course_071c8f834bcb9f9790bfcb0d-0.json) ### revision e243353dcb7d79b7247ced91d69443ef4c2a6349 ## context ### all #### term #### gpa 3.4921875 #### count 64 #### university ##### size 2011 ##### gpa Percentile 25 ##### count Percentile 41 ##### median Count 76 ##### histogram | range | count | current | | ------- | ----- | ------- | | 0.0–0.4 | 0 | false | | 0.4–0.8 | 0 | false | | 0.8–1.2 | 0 | false | | 1.2–1.6 | 0 | false | | 1.6–2.0 | 0 | false | | 2.0–2.4 | 1 | false | | 2.4–2.8 | 13 | false | | 2.8–3.2 | 165 | false | | 3.2–3.6 | 519 | true | | 3.6–4.0 | 1313 | false | #### departments ```json [ { "subject": "ECON", "comparison": { "size": 56, "gpaPercentile": 55, "countPercentile": 40, "medianCount": 77, "histogram": [ { "range": "0.0–0.4", "count": 0, "current": false }, { "range": "0.4–0.8", "count": 0, "current": false }, { "range": "0.8–1.2", "count": 0, "current": false }, { "range": "1.2–1.6", "count": 0, "current": false }, { "range": "1.6–2.0", "count": 0, "current": false }, { "range": "2.0–2.4", "count": 0, "current": false }, { "range": "2.4–2.8", "count": 0, "current": false }, { "range": "2.8–3.2", "count": 13, "current": false }, { "range": "3.2–3.6", "count": 28, "current": true }, { "range": "3.6–4.0", "count": 15, "current": false } ] } } ] ``` ### terms #### 1244 ##### term 1244 ##### gpa 3.5681818181818183 ##### count 22 ##### departments | subject | comparison | | ------- | ---------- | | ECON | | #### 1264 ##### term 1264 ##### gpa 3.4523809523809526 ##### count 42 ##### university ###### size 1283 ###### gpa Percentile 27 ###### count Percentile 24 ###### median Count 66 ###### histogram | range | count | current | | ------- | ----- | ------- | | 0.0–0.4 | 0 | false | | 0.4–0.8 | 0 | false | | 0.8–1.2 | 0 | false | | 1.2–1.6 | 0 | false | | 1.6–2.0 | 0 | false | | 2.0–2.4 | 1 | false | | 2.4–2.8 | 20 | false | | 2.8–3.2 | 130 | false | | 3.2–3.6 | 343 | true | | 3.6–4.0 | 789 | false | ##### departments ```json [ { "subject": "ECON", "comparison": { "size": 37, "gpaPercentile": 58, "countPercentile": 31, "medianCount": 53, "histogram": [ { "range": "0.0–0.4", "count": 0, "current": false }, { "range": "0.4–0.8", "count": 0, "current": false }, { "range": "0.8–1.2", "count": 0, "current": false }, { "range": "1.2–1.6", "count": 0, "current": false }, { "range": "1.6–2.0", "count": 0, "current": false }, { "range": "2.0–2.4", "count": 0, "current": false }, { "range": "2.4–2.8", "count": 0, "current": false }, { "range": "2.8–3.2", "count": 10, "current": false }, { "range": "3.2–3.6", "count": 16, "current": true }, { "range": "3.6–4.0", "count": 11, "current": false } ] } } ] ``` ### benchmarks #### all ##### school ###### size 2011 ###### gpa 3.6564041843850577 ###### top Share 81.94338513825988 ###### count 76 ##### ECON ###### size 56 ###### gpa 3.4803281167781117 ###### top Share 70.2130258483467 ###### count 77 #### terms ##### 1244 ###### school ###### size 1241 ###### gpa 3.5975573126929192 ###### top Share 78.29036874847135 ###### count 65 ###### ECON ###### size 36 ###### gpa 3.386885708485864 ###### top Share 63.919049551615416 ###### count 85.5 ##### 1264 ###### school ###### size 1283 ###### gpa 3.6229729166451925 ###### top Share 80.13669149396227 ###### count 66 ###### ECON ###### size 37 ###### gpa 3.41582518818968 ###### top Share 66.18686699083136 ###### count 53 ## instructor Trends ```json [ { "uid": "instructor_0f0fb1a0cd329c6f6769523e", "name": "DANIEL QUINT", "count": 64, "terms": [ { "term": "1244", "count": 22, "sections": 1, "gpa": 3.5681818181818183 }, { "term": "1264", "count": 42, "sections": 1, "gpa": 3.4523809523809526 } ] } ] ``` ## following None recorded.