Introductory 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.

Spring 2012, Spring 2013

More Information »

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.

Fall 2011, Spring 2012, Fall 2012, Spring 2013

More Information »

International Trade
We will study a variety of theories relating to trade between nations in goods, services, and assets. Effects and desirability of commercial policy, tariffs, and other controls on trade will be examined. Issues of export promotion, import substitution, strategic trade policy, foreign direct investment, role of multinationals, outsourcing, and economic integration will be analyzed in depth. We will also explore the relationship between increased capital flows, financial crises, and trade flows in the world economy. Particular attention will be paid to trade and economic development linkages in the context of the current debates on globalization. (ECON 0250 required; ECON 0340 recommended; or by approval) 3 hrs. sem.

Fall 2011, Fall 2012

More Information »

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 one of the 10 courses for the major.

Fall 2012, Winter 2013, Spring 2013, Fall 2013, Spring 2014

More Information »