Courses offered in the past four years.
▲ indicates offered in the current term
▹ indicates offered in the upcoming term[s]
ECON0150 - Intro Macroeconomics ▲ ▹
An introduction to macroeconomics: a consideration of macroeconomic problems such as unemployment and inflation. Theories and policy proposals of Keynesian and classical economists are contrasted. Topics considered include: banking, financial institutions, monetary policy, taxation, government spending, fiscal policy, tradeoffs between inflation and unemployment in both the short run and the long run, and wage-price spirals. 3 hrs. lect. SOC
Spring 2013, Fall 2013, Spring 2014, Fall 2014, Spring 2015, Fall 2015, Spring 2016, Fall 2016, Spring 2017, Fall 2017, Spring 2018
ECON0155 - Intro Microeconomics ▲ ▹
An introduction to the analysis of such microeconomic problems as price formation (the forces behind demand and supply), market structures from competitive to oligopolistic, distribution of income, and public policy options bearing on these problems. 3 hrs. lect. SOC
Spring 2013, Fall 2013, Spring 2014, Fall 2014, Spring 2015, Fall 2015, Spring 2016, Fall 2016, Spring 2017, Fall 2017, Spring 2018
ECON0200 - Health Economics & Policy
Health Economics and Policy
In this course we will focus on the health care system of the United States. We will apply standard microeconomic tools to the problems of health and health care markets. The course provides the fundamental tools with which to understand how the health care market is different from the markets for other goods. For example, students will learn about the dominant presence of uncertainty at all levels of health care, the government's unusually large presence in the market, the pronounced difference in knowledge between doctors and patients, and the prevalence of situations where the actions of some impose costs or benefits on others (e.g., vaccinations, drug research). (ECON 0155) 3 hrs. lect. AMR NOR SOC
Spring 2013, Spring 2014, Fall 2016
ECON0205 - Economics of Investing
Economics of Investing
This course explores introductory issues in the pricing of financial instruments and the organization of financial markets. This includes developing methods to price stocks and bonds, evaluate portfolios and understand financial derivatives, and applying these methods to actual financial data in an accessible and non-technical manner. This course does not count as an elective toward the economics major, but will count towards the economics minor. Students who have taken ECON 0316 or ECON 0317 are not allowed to register for ECON 0205. (ECON 0150 or ECON 0155) 3 hrs. lect.
ECON0207 - Economics and Gender ▲ ▹
Economics and Gender
Economics and Gender is an introduction to using the tools of economics to understand gender-related issues. In the first part of the course we will review economic models of the household, fertility, and labor supply and discuss how they help us interpret long-term trends in marriage and divorce, fertility, and women’s labor-force participation. In the second part of the course we will study economic models of wage determination and focus on explanations of, and policy remedies for, earnings differentials by gender. The final part of the course will focus on new research in economics on gender-related topics. (ECON 0155) 3hrs. lect. SOC
Spring 2015, Spring 2016, Spring 2017, Fall 2017, Spring 2018
ECON0210 - Economic Statistics ▲ ▹
Basic methods and concepts of statistical inference with an emphasis on economic applications. Topics include probability distributions, random variables, simple linear regression, estimation, hypothesis testing, and contingency table analysis. A weekly one-hour lab is part of this course in addition to three hours of class meetings per week. Credit is not given for ECON 0210 if the student has taken MATH 0116, or MATH 0310, or PSYC 0201 previously or concurrently. (ECON 0150 or ECON 0155) 3 hrs. lect., 1 hr. lab DED
Spring 2013, Fall 2013, Spring 2014, Fall 2014, Spring 2015, Fall 2015, Spring 2016, Fall 2016, Spring 2017, Fall 2017, Spring 2018
ECON0211 - Regression Analysis ▲ ▹
Introduction to Regression Analysis
In this course regression analysis is introduced. The major focus is on quantifying relationships between economic variables. Multiple regression identifies the effect of several exogenous variables on an endogenous variable. After exploring the classical regression model, fundamental assumptions underlying this model will be relaxed, and further new techniques will be introduced. Methods for testing hypotheses about the regression coefficients are developed throughout the course. Both theoretical principles and practical applications will be emphasized. The course goal is for each student to employ regression analysis as a research tool and to justify and defend the techniques used. (MATH 0121; and ECON 0150 or ECON 0155; and ECON 0210; or by approval) 3 hrs. lect., 1 hr. lab DED
ECON0212 - Empirical Economic Research ▲ ▹
Empirical Research Methods in Economics
In this course we will provide students with the tools to conceptualize, design, and carry out a research project in economics. Topics will include survey design, sampling and power, experimental design (in and out of the lab), natural experiments, and other approaches to identifying causal relationships. Drawing from several sub-disciplines in economics, students will examine, replicate, and critique various studies. Emphasis will be placed on the formulation of valid, feasible research questions, and on the description and interpretation of results. (ECON 0211) 3 hrs. lect.
Fall 2013, Fall 2014, Fall 2015, Fall 2016, Spring 2017, Fall 2017
ECON0222 - Economics of Happiness ▹
Economics of Happiness
We will explore the economics of happiness in both the micro and macro realm. We start with the neoclassical model of rational individuals who know with great precision what makes them happy. Next we explore behaviorist challenges to that model, including issues of regret, altruism, fairness, and gender. On the macro side, we investigate the puzzle of why, though most of us like more income, a growing GDP does not seem to make societies happier; we examine the impact of the macroeconomic environment on individual happiness. Finally we touch on current policy issues such as quantitative happiness indicators that have been adopted around the world, “paternalistic” policy measures to increase happiness, and the no-growth movement. (ECON 0150 or ECON 0155) 3 hrs. lect. SOC
Spring 2013, Spring 2014, Fall 2014, Spring 2016, Fall 2016, Fall 2017
ECON0224 - Econ History of Latin America
Economic History of Latin America
Latin America is a region rich in resources, yet it has long struggled to achieve sustainable development. When, why, and how did Latin America fall behind other regions? In this course we will study the evolution of the Latin American economies from colonial times to the present. We will consider the role of natural resources, institutions, and international markets in shaping the region’s trajectory. Using applied economic analysis, we will explore the challenges, opportunities, and constraints the region faced across history. (ECON 0150) 3 hrs. lect. AAL AMR HIS SOC
Spring 2013, Fall 2014, Spring 2016, Fall 2016
ECON0225 - Econ Dev In Latin America ▹
Theories of Economic Development in Latin America
This course is designed to provide a survey of the most important issues facing Latin American policymakers today. The course will place contemporary problems in their historical perspective and will use applied economic analysis to examine the opportunities and constraints facing the economies of Latin America. (ECON 0150) 3 hrs. lect. AAL AMR CW SOC
Fall 2016, Fall 2017
ECON0228 - Econ of Agricultural Transtion ▹
Economics of Agricultural Transition
In 1860 farmers made up over half the population of this country and fed about 30 million people. Today they number 2% of the population and produce more than enough to feed 300 million people. In this course we will look at the history, causes, and results of this incredible transformation. While studying the economic forces behind the changing farming structure, we will examine farm production, resources, technology, and agricultural policy. Field trips to local farms and screenings of farm-related videos and movies will incorporate the viewpoint of those engaged in agriculture. (ECON 0150 or ECON 0155) 2hrs. lect., 2 hrs. lab AMR NOR SOC
Fall 2013, Fall 2014, Fall 2015, Fall 2016, Fall 2017
ECON0229 - Econ Hist/Hist of Econ Thought ▹
Economic History and History of Economic Thought
Economic History and History of Economic Thought
This course will provide an introduction to economic history and the history of economic thought. We will investigate and understand the causes and consequences of important historical events and trends, such as industrialization and globalization, from an economic perspective. We devote considerable attention to the dissemination throughout Europe of new industrial and agricultural practices originating in Britain. Along the way, we evaluate how prominent economists perceived and analyzed the events of their time. (ECON 0150, ECON 0155) 3 hrs. lect. EUR HIS SOC
Fall 2013, Spring 2014, Fall 2014, Spring 2015, Fall 2015, Fall 2016, Fall 2017
ECON0230 - Transformation in Eurasia
Comparative Transformation in Eurasia
In this course we will explore the transformation over the past generation of Eurasia’s formerly socialist economies. We will focus on the experiences of Russia and other former Soviet republics, as well as the countries of Central and Eastern Europe that have joined the European Union. Though the main focus is on economic aspects of the transformation, we will also pay attention to the political and historical forces that have influenced the process. (ECON 0150 or ECON 0155; or by approval) 3 hrs. lect. CMP SOC
Fall 2013, Spring 2016
ECON0232 - The Chinese Economy ▹
The Chinese Economy
In this course we will explore the economic development of China up until the present day, giving particular attention to the socialist era and the post-1978 reforms. Specific topics to be covered will include growth and structural change, the urban-rural divide, the state’s ongoing role in the economy, demography, and the country’s integration into the global economy. (ECON 0150 orECON 0155; or by approval) 3 hrs. lect. AAL NOA SOC
Fall 2015, Fall 2016, Fall 2017
ECON0240 - Int'l Econ: A Policy Approach ▲ ▹
International Economics: A Policy Approach
This course provides an overview of international trade and finance. We will discuss why countries trade, the concepts of absolute and comparative advantage, and gains from trade. We will explore commercial policies, arguments for and against tariffs, non-tariff barriers, dumping and subsidies, the role of the WTO, as well as the pros and cons of regional free trade associations. In the second part of the course we will primarily concentrate on international macroeconomics, focusing on foreign exchange rates, balance of payments, origins of and solutions to financial crises and the history and architecture of the international monetary system. Beginning Fall 2014, ECON 0240 no longer counts towards the ECON major or minor requirements. (Formerly ECON 0340) (ECON 0150 and ECON 0155) 3 hrs. lect.
Fall 2013, Spring 2014, Fall 2014, Spring 2015, Fall 2015, Fall 2016, Spring 2017, Fall 2017, Spring 2018
ECON0250 - Macro Theory ▲ ▹
Macroeconomic theory analyzes whether the market effectively coordinates individuals' decisions so that they lead to acceptable results. It considers the effectiveness of monetary, fiscal, and other policies in achieving desirable levels of unemployment, inflation, and growth. The theories held by various schools of economic thought such as Keynesians, monetarists, and new classicals are considered along with their proposed policies. (ECON 0150) 3 hrs. lect.
ECON0255 - Micro Theory ▲ ▹
Microeconomic theory concentrates on the study of the determination of relative prices and their importance in shaping the allocation of resources and the distribution of income in an economy. We will study the optimizing behavior of households in a variety of settings: buying goods and services, saving, and labor supply decisions. We will also examine the behavior of firms in different market structures. Together, the theories of household and firm behavior help illumine contemporary economic issues (discrimination in labor markets, mergers in the corporate world, positive and negative externalities, for example). (MATH 0121 and ECON 0155) 3 hrs. lect.
ECON0265 - Environmental Economics ▹
This course is dedicated to the proposition that economic reasoning is critical for analyzing the persistence of environmental damage and for designing cost-effective environmental policies. The objectives of the course are that each student (a) understands the economic approach to the environment; (b) can use microeconomics to illustrate the theory of environmental policy; and (c) comprehends and can critically evaluate: alternative environmental standards, benefits and costs of environmental protection, and incentive-based environmental policies. (ECON 0155) 3 hrs. lect.
Fall 2013, Fall 2014, Fall 2015, Spring 2016, Fall 2016, Fall 2017, Spring 2018
ECON0275 - Urban Economics ▹
If economics is the study of the allocation of scarce resources, then urban economics is the study of one scarce resource in particular: space. This course will introduce students to new ways of thinking about the causes and consequences of the locational decisions made by firms and households. We will explore how and why cities form, grow and decline, and how they occupy horizontal and vertical spaces. Along the way we will use the tools of economics to discuss a variety of urban issues such as sprawl, transportation, big box stores and malls, the housing bubble, racial segregation, and neighborhood effects. (ECON 0155) 3 hrs. lect. SOC
Fall 2013, Spring 2014, Spring 2015, Fall 2015, Spring 2016, Spring 2018
ECON0280 - Game Theory ▲ ▹
Game theory is general in scope and has been used to provide theoretical foundations for phenomena in most of the social and behavioral sciences. Economic examples include market organization, bargaining, and the provision of public goods. Examples from other behavioral sciences include social dilemmas and population dynamics. In this course students will learn the basics of what constitutes a game and how games are solved. (ECON 0155 and MATH 0121 required; ECON 0255 recommended) 3 hrs. lect.
Fall 2013, Spring 2014, Spring 2015, Fall 2015, Fall 2016, Spring 2017, Fall 2017, Spring 2018
ECON0285 - The Economic Lens
The Economic Lens
In this team-taught course, members of the economics faculty will discuss how they use the theoretical and empirical tools of economics to understand the world. The instructors will draw on their individual areas of expertise to present topics such as education and health policy, the minimum wage, business cycles, crime, discrimination in the marketplace, climate and pollution, and poverty and inequality. 3 hrs. lect.
ECON0317 - Investments/Financial Markets
Investments and Financial Markets
As wealth has grown in importance as an economic variable, professional economists and practitioners alike have studied the behavior of financial markets, and the behavior of people in those markets. The markets for equities, bonds, commodities, and foreign exchange are each quite independent, and yet prices in several markets may suddenly correlate, especially in a crisis. This course presents a wide range of techniques to analyze markets. In equities, we study valuation models and portfolio diversification. In bonds, we study the yield curve and concepts such as duration and convexity. In commodities, we study both fundamental analysis and technical analysis. In foreign exchange, we study interest rate parity and purchasing power parity. And, we study derivatives and options pricing models. The management of wealth ultimately depends on the management of risk, and we conclude with a study of risk management techniques. (ECON 0150 and ECON 0155 and ECON 0210) 3 hrs. lect., 1 hr. lab
ECON0328 - Economics of Global Health
Economics of Global Health
In this course we will examine global health from an economics perspective while attempting to understand it from both the demand and supply sides. We will review the current economic research relevant to these topics. Microeconomic theory will be used to explain why individuals might make what are seemingly poor health decisions. In addition, we will be using data from the Demographic Health Surveys to examine the health and well-being of individuals living in poor countries. Topics will include the effects of HIV/AIDS, malaria, and poor sanitation. (MATH 0121; and ECON 0150 or ECON 0155; and ECON 0210; or by approval) 3 hrs. lect.
Fall 2013, Fall 2014, Fall 2016
ECON0329 - Theory & Measurement/Econ Hist ▲ ▹
Theory and Measurement in Economic History
Economic historians study past events, employing diverse methodologies to understand technology adoption, market integration, and the effect of institutions on performance. In this course we will focus on strategies economists use to learn about the past itself and to use past events to understand how all economies function. We will ponder especially conflicts and complementarities between theoretical and empirical reasoning. Each student will complete a research proposal that justifies applying a set of tools to address an economic history question. (ECON 0210 and ECON 0240 or ECON 0255; or by approval) 3 hrs. sem. CMP CW HIS SOC
Spring 2017, Spring 2018
ECON0337 - Democ/Develop/Globalization
Democracy, Development, and Globalization
In this course we will address crucial issues that both economists and political scientists have considered fundamental to their disciplines: how nations become democratic, develop economically, and confront globalization and regionalism. We will focus on theories that come from various disciplines to explain these phenomena. Following several weeks of theoretical discussion, we will focus on case studies from Latin America, Europe, Russia, Eastern Europe, and China. Our approach will focus on integrating various disciplines to understand these inherently interdisciplinary issues. Students will be expected to write research papers that will utilize foreign language sources, as appropriate. This course is equivalent to ECON 0337 and PSCI 0337. AAL CMP SOC
ECON0340 - Int'l Econ: A Policy Approach
International Economics: A Policy Approach
This course provides an overview of international trade and finance. We will discuss why countries trade, the concepts of absolute and comparative advantage, and gains from trade. We will explore commercial policies, arguments for and against tariffs, non-tariff barriers, dumping and subsidies, the role of the WTO, as well as the pros and cons of regional free trade associations. In the second part of the course we will primarily concentrate on international macroeconomics, focusing on foreign exchange rates, balance of payments, origins of and solutions to financial crises and the history and architecture of the international monetary system. (ECON 0150 and ECON 0155) 3 hrs. lect.
ECON0344 - International Economics ▲ ▹
International trade and financial flows are increasingly important in today’s interconnected world. In this advanced course we will use tools from introductory and intermediate courses to help us analyze the causes and consequences of these flows. We will investigate why countries trade, what they trade, who gains (or loses) from trade, and the motives and effects of trade policies. We will then consider the monetary side of the international economy, including the balance of payments, the determination of exchange rates, and financial crises. This course is not open to students who have taken ECON 0240. (ECON 0150 and ECON 0255) 3 hrs. lect.
Fall 2016, Spring 2017, Fall 2017, Spring 2018
ECON0350 - Advanced Macro Theory & Policy ▹
Advanced Macroeconomic Theory and Policy
In this course we will build on ECON 0250 to further develop the analytical tools for exploring key macroeconomic outcomes and policy. Topics covered may include, but are not limited to, economic growth; distribution; institutions; monetary, fiscal and macroprudential policy; and behavioral macroeconomics. We will explore modern developments in macroeconomic theory, and compare and critically evaluate the ability of different theoretical perspectives to provide insight into current events and the efficacy of macroeconomic policy (ECON 0250, MATH 0121, or equivalent) 3 hrs. lect.
Spring 2016, Fall 2016, Spring 2018
ECON0352 - Structuralist Macroeconomics ▹
Structuralist Macroeconomics: Theory and Policies for Developing Countries
In this course we will examine key macroeconomics challenges faced by developing countries . In contrast to the senior seminar in Macroeconomics of Development, which focuses on long-run growth, this course focuses on short-run and medium-run macroeconomic issues; as such, it builds more closely on the Macroeconomic Theory core course. The topics covered include structural constraints on aggregate demand, fiscal and monetary policies, distributive conflict, and debt. We will examine these topics through a combination of formal theoretical models and real-world applications. (MATH 0121 and ECON 0240 or ECON 0250) 3 hrs. lect. SAF
ECON0362 - Public Finance
In this course we will analyze the role of government in our economy and address questions such as: When is government intervention appropriate? What is the most effective form of this intervention? How does it affect consumers and producers? Topics will include public goods, externalities, income transfer, and social insurance programs. We will study the equity and efficiency considerations in the design of tax systems, as well as the incentive effects of taxes by examining personal and corporate income taxes, consumption, and wealth taxes. (ECON 0255) 3 hrs. lect. SOC
ECON0365 - Climate Change Economics ▲ ▹
The Economics of Climate Change
In this course we will apply the tools of economic analysis to the problem of global climate change. The goal is to expose students to how economists approach this important policy problem. The course will begin with a review of reasons for policy interventions in markets and policy instrument choice. We will then focus on the measurement of damages from emissions of greenhouse gases. Subsequent topics will include: discounting, technology and abatement costs, benefit-cost analysis, uncertainty and catastrophic risk, and policies in practice. Text: Climate Casino (Nordhaus, 2014). Additional readings: articles in environmental economics, natural science, and the popular press. (ECON 0255; ECON 0265 encouraged). 3 hrs. lect.
Spring 2017, Spring 2018
ECON0370 - Intro to Public Economics ▲
Introduction to Public Economics
This course serves as an introduction to the study of the government's role in modern market economies. In particular, we will explore the design and impact of government expenditure programs and taxation systems on the welfare and behavior of its citizens. We will consider the following questions: When is government intervention in the economy appropriate? What is the most effective form of intervention? What effects do government policies have on incentives for firms, individuals, and others in the private sector? In this course we will cover a wide range of issues in public economics with a primary focus on current policy debates in the United States, employing standard empirical and theoretical tools used in public economic research. Selected topics include: income taxation, social security, regulation of pollution and other externalities, public goods such as national defense and education spending, welfare programs, inequality, health insurance and other social insurance programs, redistribution, the indirect consequences of taxation, tax evasion, as well as applications of behavioral and experimental economics to these areas. (ECON 0255) 3 hrs. lect. SOC
ECON0375 - Monetary Theory and Policy
Monetary Theory and Policy
This course will cover the determination of interest rates, portfolio theory, the demand for money, and the supply of money process. Emphasis will be on the difficulties faced by the Federal Reserve in its goals of achieving a steady growth in aggregate demand while doing its best to ensure that monetary disorder, such as that which characterized the Great Depression, does not reoccur. (ECON 0150 and ECON 0155) 3 hrs. lect.
Fall 2013, Fall 2014
ECON0380 - Game Theory
Game Theory I
Game theory is general in scope and has been used to provide theoretical foundations for phenomena in most of the social and behavioral sciences. Economic examples include market organization, bargaining, and the provision of public goods. Examples from other behavioral sciences include social dilemmas and population dynamics. In this course students learn the basics of what constitutes a game and how games are solved. This course is meant to be a broad introduction; students with advanced training in economics (or math) are encouraged to enroll directly in ECON 0390. (ECON 0155 and MATH 0121 required; ECON 0255 recommended) 3 hrs. sem.
ECON0399 - Experimental Economics ▹
Introduction to Behavioral and Experimental Economics
This course surveys research incorporating psychological and other experimental evidence into economics. Topics will include: attitudes towards risk (e.g., prospect theory) and time (e.g., self-control); judgment and decision-making biases; fairness, altruism, and public goods contributions; bargaining and financial market anomalies; incentives (e.g., performance pay and nudges). (ECON 0255 required; ECON 0280 recommended) 3 hrs. lect.
Fall 2013, Fall 2016, Fall 2017, Spring 2018
ECON0401 - Inequality and Justice
Poverty, Inequality and Distributive Justice
This seminar will explore recent theoretical and empirical research on socioeconomic inequality. The definitions, causes and consequences of inequality at both the individual (micro) and national and international (macro) levels will be considered. (ECON 0211 and ECON 0255) 3 hrs. sem.
Spring 2015, Fall 2016
ECON0405 - Economics of Discrimination ▹
Economics of Discrimination
In this seminar we will explore the economics of discrimination from both theoretical and empirical perspectives. After reviewing the main theoretical frameworks, we will discuss recent empirical studies on issues of discrimination associated with race, ethnicity, gender, or nationality, focusing on applications in the labor market. We will then investigate to what extent inter-group contact or policies such as quotas or affirmative action can address discrimination. Students will explore a specific topic of interest (e.g., police violence, sexual orientation, sport, education, etc.) in more detail and develop a research proposal. (ECON 0255 and ECON 0211 or ECON 0240) 3 hrs. sem. CMP
Fall 2017, Spring 2018
ECON0410 - Economics of Sin ▲
The Economics of “Sin”: Sex, Crime, and Drugs
In this course we will apply traditional microeconomic principles to non-traditional topics such as adultery, prostitution, teen pregnancy, crime and punishment, drugs and drug legalization, and gambling. We will ask the following questions throughout the course: To what extent is "sinful" behavior rational and utility-maximizing? What role does the government play in regulating "sinful" behavior and what are the consequences of these government interventions? The primary focus will be on the United States but brief comparisons will be made to "sinful" behavior and policy interventions in other countries. (ECON 0211 and ECON 0255) 3 hrs. sem.
Spring 2013, Spring 2017
ECON0411 - Applied Econometrics
This course is designed to further students' understanding of parameter estimation, inference, and hypothesis testing for single and multiple equation systems. Emphasis will be placed on specification, estimation, and testing of micro/macro econometric models and using such models for policy analysis and forecasting. Large cross-sectional as well as panel data sets will be used for estimation purposes. (ECON 0211 and ECON 0250 and ECON 0255; or by approval) 3 hrs. sem.
Spring 2013, Fall 2013, Fall 2014, Fall 2015, Fall 2016
ECON0412 - Empirical Finance
How do hi-tech firms decide to launch new products? How do portfolio managers decide to invest in stocks of hi-tech companies? These are the kinds of practical issues we will cover in this course. Modern financial theory and practice revolve around quantitative techniques for estimating expected returns on investments, whether the launch of a new product or the creation of a new mutual fund, and for measuring the performance of those investments over time. In the first part of the course, you will delve into cash flow analysis as it can be applied to a wide range of situations. In the second part, you will study financial markets and techniques for trading and investing in those markets. At the end you will create an investment portfolio based on your own areas of expertise and your own style of investing. (ECON 0211 and ECON 0316) 3 hrs. sem., 1 hr. lab
ECON0415 - Macroeconomics of Development ▲ ▹
The Macroeconomics of Economic Development
In this course we will examine macroeconomic aspects of economic development. We will explore theoretical models combining insights from growth theory, classical development theory, and structuralist macroeconomics. Topics include dualism, surplus labor, increasing returns, poverty traps, and the role of external and demand constraints in the growth process. We will also review applied work and case studies, in order to understand how these theories illuminate concrete issues that have faced developing countries (ECON 0240 or ECON 0250) 3 hrs. sem.
Fall 2015, Fall 2016, Spring 2017, Fall 2017
ECON0424 - Econ Prosperity Global Economy
Economic Prosperity in the Global Economy
The forces of globalization have powerful and controversial effects today, but this phenomenon has deep historical roots. At the center of the globalization debate is whether prosperity is delivered to developing countries. In this course we will study the transformation to the global economy by exploring commodity, labor, and capital markets from a historical perspective. We will analyze the links among the economic dimensions of globalization, development, and growth. Our objective will be to examine the characteristics and evolution of globalization and its impact on overall growth, education, health, inequality, and poverty. (ECON 0240 or ECON 0250 or ECON 0340) 3 hrs. sem. SOC
Spring 2013, Spring 2015, Fall 2015
ECON0425 - Economic Development Seminar
Seminar on Economic Development
Much of the world still faces the daily pain of poverty. Developing countries have to accelerate their growth rates, eradicate poverty, reduce inequalities, address environmental concerns, and create productive employment. We examine the major analytic and policy issues raised by these challenges and study the need for a productive balance between market forces and positive state action. With the help of case studies from Asia, Latin America, and Africa, we focus on different development strategies adopted, the choice of policy instruments, and methods of implementation. (ECON 0210 or MATH 0116 or MATH 0310 or PSYC 0201) 3 hrs. sem.
Spring 2013, Spring 2014, Fall 2015, Spring 2016
ECON0428 - Population Growth... ▹
Population Growth and the Global Future
This course will show how economic analysis can be used to assess the impact of rapid population growth on economic development, the environment, and economic inequality. It will analyze the rapid "graying" of the industrialized countries and their struggle to cope with international migration. It will assess the causes of urban decay in the North and the explosive growth of cities in the South. The course will consider household-level decision-making processes; the effects of changing family structures; and the need to improve the status of women. (ECON 0250 or ECON 0255) 3 hrs. sem.
Fall 2013, Fall 2014, Fall 2015, Fall 2016, Fall 2017
ECON0429 - Trade & For. Aid in Latin Amer ▲ ▹
Trade and Foreign Aid in Latin America
This course is designed to provide an in-depth examination of a number of critical issues that currently confront policymakers in Latin America. The topics of development, regionalization and free trade, and the efficacy of foreign aid will be analyzed in the context of Latin American economic development. (ECON 0240, ECON 0250, or ECON 0255) 3 hrs. sem. AAL AMR
Winter 2014, Spring 2014, Fall 2015, Spring 2017, Spring 2018
ECON0430 - Post-Communist Econ Transition ▲ ▹
The Post-Communist Economic Transition
This seminar will use the “natural experiment” of the post-communist transition to better understand the origin and consequences of various economic and political institutions. Drawing on research related to China and Russia as well as other formerly communist economies in Europe and Asia, we will explore such themes as property rights reform, the finance-growth nexus, contract enforcement institutions, and the economic consequences of corruption and different political regimes. (ECON 0210 or MATH 0310 or MATH 0311 and ECON 0240 or ECON 0250, or by approval) CMP
Spring 2013, Spring 2014, Spring 2016, Spring 2017, Spring 2018
ECON0431 - Economics of European Union ▹
Economics of the European Union
This course will introduce students to the major economies of Western Europe and also the economic functions and structure of the institutions of the European Union. The course aims to familiarize students with the theoretical economic and policy issues that are currently of concern in the European Union. Moreover, the course aims to analyze economic problems that are of particular relevance to the member states of the European Union, such as the coordination of policies within an intergovernmental supranational framework and how to sustain the integration dynamic. (ECON 0250) 3 hrs. sem. EUR
Fall 2017, Spring 2018
ECON0438 - The Japanese Economy
The Japanese Economy
The Japanese economy offers not only some interesting and idiosyncratic features, but also key insights into current economic issues in China and the United States. In this seminar we will start with the devastation of postwar Japan and then ask how the Japanese addressed pressing economic issues. We will analyze the Japanese fiscal, monetary, and trade policies adopted within Japan and explore how these policies reflected and influenced the financial, business, and labor sectors. We will also trace how Japan's success in constructing a low risk, middle-class society eventually precipitated the problems in the 1990’s that remain unresolved. (ECON 0250 and ECON 0255) 3 hrs. sem AAL NOA SOC
Fall 2014, Spring 2015
ECON0445 - International Finance ▲ ▹
An analysis of the world's financial system and the consequences for open economies of macroeconomic interdependence. Particular topics include: exchange rate determination, balance of payments adjustments, and monetary and fiscal policies in open economies. Special attention is paid to the issues and problems of the European Economic Community and European integration and debt in developing countries. (ECON 0240 or ECON 0250) 3 hrs. sem.
Spring 2013, Fall 2013, Spring 2014, Fall 2014, Spring 2015, Fall 2016, Spring 2017, Fall 2017, Spring 2018
ECON0448 - Inequality and Exclusion ▲ ▹
Inequality and Exclusion
Are we all equal stakeholders in this economy? What are the patterns of exclusion in different societies? How does material deprivation interact with other types of exclusion? In this course we will study the determinants and manifestations of inequality in the U.S. and in the world. Using a historical perspective, we will analyze how inequalities evolve by looking at topics such as education, gender, the environment, political systems, and race/ethnicity. (ECON 0210 and ECON 0240 or ECON 0250) 3 hr. sem. SOC
Spring 2017, Fall 2017
ECON0450 - History of Economic Thought
History of Economic Thought
This course offers a historical and analytical perspective on the development of economic ideas. It asks the question: Why is economics what it is today? A number of international issues will be considered, such as the differential development of economic ideas in different countries, comparative advantage and its relation to trade, and the development and spread of socialist ideas. In this course students will read Adam Smith, Karl Marx, and Frederich Hayek. (ECON 0250 and ECON 0255; or by approval) 3 hrs. sem. HIS PHL
Spring 2013, Fall 2013
ECON0465 - Environmental Economics Topics
Special Topics in Environmental Economics
The objective of this seminar is that each student achieves fluency in a set of advanced concepts in environmental economics. The seminar is divided into two main sections. First, we introduce the core theory and policy implications of environmental economics. These include the theory of externalities and public goods; the Coase theorem; and policy instrument choice. Empirical methods used to measure the costs and benefits of environmental policies are also introduced. Second, we study some selected topics: the economics of local air pollution and greenhouse gases; the design of market-based environmental policies; the economics of non-renewable resources, including fossil fuels and old-growth forests; and the management of renewable resources, including fisheries and second-growth forest resources. (ECON 0255) 3 hrs. sem.
Spring 2013, Spring 2014, Spring 2015, Spring 2016, Fall 2016
ECON0466 - Environment and Development ▹
Environment and Development
Climate change, air pollution, tropical deforestation: there is little doubt that economic development affects, and is affected by, the global and local environment and natural resources. In this course we will explore the complex relationship between environment and development using the theoretical and empirical tools of applied economic analysis. We will begin with pioneering research papers on the empirics of economic growth, examine the macroeconomic evidence, and then move to the micro foundations of the poverty-environment nexus. Major topics will include the resource curse and environmental Kuznets curve hypotheses, approaches for understanding responses to climate variability and disasters in poor communities, management of natural resources in smallholder agriculture, choosing policy instruments for pollution reduction, conservation, and environmental protection, and relationships between human health and the environment. We will conclude with a number of selected topics and issues of contemporary policy relevance. (ECON 0210 and ECON 0240 or ECON 0255; or by approval) 3 hrs. sem. SOC
ECON0470 - Public Finance
In this course we will examine the role of government in modern market economies. In particular we will explore the design and impact of government expenditure programs and taxation systems on the welfare and behavior of its citizens. We will consider the following questions: When is government intervention in the economy appropriate? What is the most effective form of intervention? What effects do government policies have on incentives for firms, individuals, and others in the private sector? The course will cover a wide range of issues in public economics with a primary focus on current policy debates in the United States, employing standard empirical and theoretical tools used in public economic research. Attention will be given to classic works in public economics and recent work at the intersection of behavioral/experimental economics and public economics. (ECON 0255) 3 hrs. sem.
Fall 2014, Spring 2015, Fall 2015, Spring 2016, Fall 2016
ECON0475 - Monetary Theory/Financial Inst ▲ ▹
Monetary Theory and Financial Markets
This seminar is concerned with financial markets and their relationship to the broader macroeconomy, with a particular focus on recent developments, including, but not limited to, financialization. (ECON 0250) 3 hrs. sem. (L. Davis)
Fall 2014, Spring 2015, Fall 2015, Spring 2016, Spring 2017, Fall 2017
ECON0480 - Labor Economics ▲
This seminar will explore the economics of labor markets from both theoretical and empirical perspectives. Topics covered include: labor force participation, wage determination, welfare and minimum wage policies, education and on-the-job training, compensating differentials, dual labor markets, inequality and discrimination, unions, immigration, employment relations, and household bargaining. (ECON 0255 required; ECON 0211 strongly recommended)
Fall 2013, Spring 2017
ECON0485 - The Economics of Sports ▲ ▹
The Economics of Sports
This is a survey course of topics illustrating how microeconomic principles apply to the sports industry. Topics covered will include the industrial organization of the sports industry (notably, issues of competitive balance and the implications of monopoly power), the public finance of sports (notably, the impact teams have on host municipalities), and labor issues related to sports (including player worth and discrimination). The prerequisites for this course are meant to ensure that students can both understand fundamental economic concepts and present the results of econometric research as they apply to the sports industry. (ECON 0210 and ECON 0211 and ECON 0255) 3 hrs. sem.
Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018
ECON0499 - Research in Behav. & Exp. Econ ▹
Research in Behavioral and Experimental Economics
In this seminar we will consider current research topics in behavioral and experimental economics. Although the theme for the course is likely to change from semester to semester, all students will design their own study, gather decision-making data, and write a research paper summarizing their main findings. (ECON 0255 and one of the following: ECON 0280 or ECON 0399) 3 hrs. sem.
Spring 2013, Fall 2013, Spring 2014, Fall 2014, Spring 2015, Spring 2016, Fall 2017
ECON0500 - Individual Special Project ▲ ▹
Individual Special Project
If you choose to pursue an area that we do not offer or go in depth in an area already covered, we recommend the Individual Special Project option. These ECON 0500 proposals MUST be passed by the entire department and are to be submitted to the chair by the first Friday of fall and spring semester, respectively. The proposals should contain a specific description of the course contents, its goals, and the mechanisms by which goals are to be realized. It should also include a bibliography. According to the College Handbook, ECON 0500 projects are a privilege open to those students with advanced preparation and superior records in their fields. A student needs to have a 3.5 or higher G.P.A. in Economics courses taken at Middlebury in order to pursue an Individual Special Project. ECON 0500 does not count towards the major or minor requirements.
Spring 2013, Fall 2013, Winter 2014, Spring 2014, Fall 2014, Winter 2015, Spring 2015, Fall 2015, Winter 2016, Spring 2016, Fall 2016, Winter 2017, Spring 2017, Fall 2017, Spring 2018
ECON0700 - Senior Research
Senior Research Workshop
Prior to enrolling in ECON 0700, students must have taken a minimum of 6 economics courses at Middlebury approved to count towards the major requirements. These senior workshops will be composed of no more than eight students who will work independently on a project in a specific area for two semesters (fall/winter or winter/spring) and will meet to collectively discuss and present their research. Students who have prearranged a research topic with the professor will be given priority in admission to the seminar. Also, because of limited resources for guiding senior work, students with a single major in economics will be given priority over double majors who will do senior work in other departments. Students interested in pursuing departmental honors must take a Senior Research Workshop (ECON 0700) during their senior year. To receive departmental honors the student must receive a minimum grade of A- in the Senior Research Workshop project and have a 3.5 or higher GPA in all economics courses taken at Middlebury approved to count towards the major requirements. High Honors requires an A in the Senior Research Seminar and a 3.75 or higher economics GPA, and Highest Honors an A in the seminar and a 3.9 or higher economics GPA. (Approval required)
ECON0701 - Senior Research Workshop I ▹
Senior Research Workshop I
In this first semester, students will design and begin their projects. Emphasis will be on designing a novel research question (while making the case for its importance) and an appropriate strategy for answering it. This requires immersion in the academic literature on the topic. General research principles and tools will be taught in class, as a group, while those specific to individual projects will be covered in one-on-one meetings. By the end of the term, students will outline their plan for completing the project, including demonstrating that it is a feasible research question for which the necessary information (e.g., data or source materials) is available or can be generated by the student (e.g., lab or other experiment). (Approval required)
Fall 2013, Winter 2014, Fall 2014, Winter 2015, Fall 2015, Winter 2016, Fall 2016, Winter 2017, Fall 2017
ECON0702 - Senior Research Workshop II ▲ ▹
Senior Research Workshop II
In this second semester of the senior research workshop sequence, the focus is on the execution of the research plan developed in ECON 0701. Most instruction is now one-on-one but the workshop will still meet as a group to discuss and practice the presentation of results in various formats (seminars, poster sessions, et cetera) to the rest of the workshop and others in the college and broader communities. Feedback and critiques from such presentations will be incorporated into the project, which will culminate in a research paper in the style of an economics journal article. (ECON 0701; Approval required)
Winter 2014, Spring 2014, Winter 2015, Spring 2015, Winter 2016, Spring 2016, Winter 2017, Spring 2017, Spring 2018
ECON1017 - Stats and Sports Statistics
The Application of Statistics to Sports
The central problem of quantitative analysis in any social science is trying to explain the complex and multivariate character of individual human and institutional behavior. The problem of quantitative research, in turn, is that of finding a statistical method that yields a useful approximation of reality. The objective of this course is to give students with an interest in athletic games an opportunity to apply the tools of statistical analysis to the study of several sports topics of their own choosing. (MATH 0116 or ECON 0210 strongly recommended) DED WTR
Winter 2014, Winter 2017
ECON1023 - Financial Services to Unbanked
Extending Financial Services to the Unbanked
In this course we will explore different interventions and tools used for poverty alleviation, financial inclusion, and the extension of financial services to the unbanked poor in emerging markets. We will look at the use of microfinance, microinsurance, financial literacy, and the rising use of technology including cell phone payment services to achieve these goals in developing countries In addition to articles, we will draw on special guest speakers to represent case studies and themes from the course outline. (This course counts as elective credit towards the major in Economics and towards the major in IPEC) SOC WTR
Winter 2014, Winter 2015, Winter 2016, Winter 2017
ECON1024 - Econ Dominance of Central Asia
Economic Dominance of Central Asia
The phrase The Great Game originated from Rudyard Kipling’s novel Kim and described the 19th Century geopolitical and economic struggle between Russia and Great Britain. Now, a “New” Great Game is brewing in the region. Although it has different players, the "game" may be the same; economic dominance of Central Asia. This highly interactive course will examine the players, the economic factors, the economic and geopolitical strategies of the game, and the future of the “New” Great Game. AAL CMP WTR