COVID-19 Updates: Fall Semester

Jeffrey Carpenter

James B. Jermain Professor of Political Economy & Int'l. Law

 work(802) 443-3241
 By appointment
 Warner Hall 601


Jeffrey Carpenter joined the Economics faculty as an assistant professor in September 1999. He finished his dissertation under the supervision of Herbert Gintis and Samuel Bowles at the University of Massachusetts, February 2000. His dissertation focused on the logical and behavioral foundations of the equal split as a bargaining convention. Prior to returning to New England for his graduate studies (he was born in Bennington, Vermont), he spent his formative years in the Midwest at the University of Minnesota where he received his bachelors degree (BS, Accounting) from the Carlson School of Management.

His research fields include Experimental and Behavioral Economics, Game and Bargaining Theory, and Theoretical Institutional Economics. While pursuing these interests, he has become involved with the MacArthur Foundation's preferences research group headed by Herbert Gintis (UMass) and Robert Boyd (UCLA), The Institute for the Study of Labor in Germany (IZA), and he has been in residence and conducted research at both the Economic Science Lab at the University of Arizona and the Institute for Empirical Research in Economics at the University of Zürich. His research has been (and is), funded by the National Science Foundation, the Russell Sage Foundation and the MacArthur Foundation. This research has been published or is forthcoming in journals such as Games and Economic Behavior, the Journal of Economic Behavior and Organization, Economics Letters, Theory & Decision, Computational Economics, and Labour Economics.



Course List: 

Courses offered in the past four years.
indicates offered in the current term
indicates offered in the upcoming term[s]

ECON 0155 - Intro Microeconomics      

Introductory 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 2018

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ECON 0255 - Micro Theory      

Microeconomic 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.

Fall 2016, Spring 2018, Spring 2019, Spring 2020

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ECON 0280 - Game Theory      

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 2016, Fall 2017, Fall 2018, Fall 2019

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ECON 0399 - 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 2018

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ECON 0500 - 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.

Fall 2016, Winter 2017, Spring 2017, Fall 2017, Winter 2018, Spring 2018, Fall 2018, Winter 2019, Spring 2019, Fall 2019, Winter 2020, Spring 2020, Fall 2020, Spring 2021

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ECON 0701 - 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)

Winter 2017, Fall 2017, Fall 2019, Fall 2020

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ECON 0702 - 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)

Spring 2017, Winter 2018, Winter 2020

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Department of Economics

Warner Hall
303 College Street
Middlebury College
Middlebury, VT 05753