Office Hours: Tuesday & Thursday 9:00 AM - 11:00 AM; Wednesday 9:00 AM - Noon; by appointment or whenever you find me in my office
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David Colander is the Christian A. Johnson Distinguished Professor of Economics at Middlebury College, Middlebury, Vermont. He has authored, co-authored, or edited 30 books and over 100 articles on a wide range of topics. These include Principles of Economics (McGraw-Hill), History of Economic Thought (with Harry Landreth) (Houghton Mifflin), Macroeconomics(with Ed Gamber)(Prentice Hall), Why Aren't Economists as Important as Garbagemen? (Sharpe), and MAP: A Market Anti-Inflation Plan (with Abba Lerner) (Harcourt Brace Jovanovich). His books have been, or are being, translated into a number of different languages, including Bulgarian, Polish, Italian, Spanish, and Chinese.
He received his Ph.D. from Columbia University and has taught at Columbia University, Vassar College, the University of Miami, and Princeton University as well as Middlebury College. In 2001-2002 he was the Kelley Professor for Distinguished Teaching at Princeton University. He has also been a consultant to Time-Life Films, a consultant to Congress, a Brookings Policy Fellow, and a Visiting Scholar at Nuffield College, Oxford. He is listed in Who's Who?, Who's Who in Education?, etc.
He has been on the board of numerous economic societies and has been Vice President and President of the Eastern Economic Association and Vice-President of the History of Economic Thought Society. He is currently on the editorial boards of the Journal of the History of Economic Thought, Eastern Economic Journal, and Journal of Economic Perspectives. He is also series editor, with Mark Blaug, of Twentieth Century Economists for Edward Elgar Publishers.
His latest work focuses on economic education, complexity, and the methodology appropriate to applied policy economics.
Courses offered in the past four years.
▲ indicates offered in the current term
▹ indicates offered in the upcoming term[s]
ECON 0150 - 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.
ECON 0250 - 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.
Fall 2010, Fall 2011
ECON 0450 - 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.
Fall 2010, Fall 2011, Fall 2013
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.
Spring 2010, Fall 2010, Winter 2011, Fall 2011, Winter 2012, Fall 2012, Winter 2013, Fall 2013, Winter 2014, Fall 2014
INTD 0220 - Management and Enterprise ▹
Management, Enterprise, and Business
An organization, be it a business, a social enterprise, a school or a country, must be managed. In this course we will explore management theory and its practical applications. The course will focus on several highly relevant and timely management issues, giving students both a sound basis for understanding management and also experience with real-world management situations. The course will consist of two components. One component surveys the history and development of management theory, management functions, management roles and skills, and management organization, structures and behavior. The second component focuses on practical management techniques and skills including problem solving, teamwork, and communications. 3 hrs. lect.
INTD 0221 - Enterprise & Entrepreneurship ▹
Enterprise, Social Entrepreneurship, and the Liberal Arts
In this course we will explore how to translate the skills and knowledge learned in liberal arts courses to the skills and knowledge used in various forms of enterprises. The course will consist of three parts. In the first part we will discuss the role and nature of college education and how it relates, or does not relate, to getting a job. In the second part we will discuss the nature of enterprise, business, and entrepreneurship, considering how social entrepreneurship and entrepreneurship relate. Finally, in the third part students will complete a set of self-directed exercises to gain an overview of the introduction to the specific skills they will need in the future.
INTD 0316 - Corporate Finance & Accounting ▹
Corporate Finance and Accounting
Finance has become an integral part of economics, as shown by the number of Nobel Prizes awarded in recent years to scholars who have made contributions to the field. This course will focus on the financial side of the modern corporation, for the stakeholders as well as the shareholders. We will start with financial accounting as a means of measuring the health of a company and of discerning the transparency and accuracy of its financial statements. (As Enron and other companies showed, it pays to be skeptical.) We will then move to strategic planning and the growth of the firm, and to decisions on how to finance that growth as between equity and debt. We will conclude with valuation models based on cash flow. At the end we will hold a buy-side sell-side competition, in which students work in teams to value real companies and present them to the class as attractive investments. (ECON 0150 and ECON 0155) 3 hrs. lect., 1 hr. lab
Fall 2013, Fall 2014
INTD 0317 - Investments & Financial Mkts ▲
Investments and Financial Markets
In this course we will consider the role that the investment process plays in society and will explore the recent growth in financial markets. We will also analyze the internal workings of markets for equities, bonds, commodities, derivatives, and foreign exchange, and discuss both their positive and negative aspects. We will employ a wide range of techniques to analyze markets, such as: valuation models and portfolio diversification in equities; the yield curve and concepts such as duration and convexity in bonds; fundamental analysis and technical analysis in commodities; interest rate parity and purchasing power parity in the foreign exchange; and options pricing model in derivatives. The course will conclude with a discussion of whether these markets are helping or hurting society, and how they might be modified. (ECON 0150 and ECON 0155 and ECON 0210) 3 hrs. lect., 1 hr. lab
INTD 0500 - Independent Study ▲