Akhil Rao

Economic Statistics (formerly ECON 0210)
An introduction to the discipline of statistics as a science of understanding and analyzing
data with an emphasis on applications to economics. Key topics include descriptive statistics, probability distributions, sampling, random variables, the Central Limit Theorem, estimation, hypothesis testing, p-values, and linear regression. Students will be introduced to a statistical programming language. A weekly one-hour lab is part of this course in addition to three hours of class meetings per week. (Formerly ECON 0210) (Not open to students who have taken ECON 0210, MATH 0116, MATH 0310, PSYC 0201, STAT 0116 [formerly MATH 0116] or STAT 0201.) 3 hrs. lect., 1 hr. lab

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

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.

Space Economics
In this course we will study the economics of outer space. Specific topics include: the existing terrestrial space economy, the historical development of the launch and space observation sectors, the physical constraints of space travel (the rocket equation, life support units), and dual-use technologies; orbit use, focusing on satellites, orbital debris, and emerging industrial concentration; the use of lunar resources, particularly ice extraction and dust management; and the economics of extra-terrestrial human settlements. (ECON 0210 and (ECON 0250 or ECON 0255); ECON 0265 strongly recommended.)

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.