Leticia Arroyo Abad began in the fall of 2009 as an assistant professor in the department of Economics, shortly after finishing her Ph.D. at the University of California, Davis.
Under the direction of Peter H. Lindert and Alan M. Taylor, her dissertation looked at the links between globalization, growth, and inequality in Latin America since the 19th century. Rumor has it that she chose her dissertation topic to tour around the world. In fact, the data collection efforts took her to many archives and libraries around the world for a period of two years during her doctoral studies.
Leticia's research interests are economic growth and development in the very long run. She is particularly interested in the nature and sources of economic growth and the interactions with economic development looking at specific issues such as inequality and poverty, trade, migration, and institutions. She is also a member of NSF-funded Global Price and Income History Group. She teaches courses in her areas of expertise: macroeconomics, economic development, and economic growth.
Originally from Buenos Aires, Argentina, she got her B.A. in Economics at the Argentine Catholic University and an M.A. in Latin American Studies at the the University of Kansas. She worked as a financial analyst for a few years in her home country. Her plans are to continue her worldwide research travels and to enjoy her new life in the green mountains.
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. SOC
Fall 2014, Spring 2015
ECON 0224 - 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 CW HIS SOC
Fall 2011, Spring 2013, Fall 2014
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.
Spring 2011, Fall 2011, Fall 2012
ECON 0285 - 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.
ECON 0424 - 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 2012, Spring 2013, Spring 2015
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 2011, Fall 2011, Spring 2012, Fall 2012, Winter 2013, Spring 2013, Winter 2014, Fall 2014, Winter 2015, Spring 2015, Fall 2015, Spring 2016
IGST 0703 - LAS Senior Thesis ▲
Latin American Studies Senior Thesis
Winter 2013, Spring 2013, Winter 2014, Winter 2015, Spring 2015
IPEC 0500 - Independent Project
Fall 2012, Fall 2014
IPEC 0700 - Intl.Pol.&Economics SR. Thesis ▲ ▹
Spring 2011, Winter 2012, Winter 2013, Spring 2013, Fall 2014, Winter 2015, Spring 2015, Fall 2015, Spring 2016
PSCI 0336 / ECON 0336 - Political Econ of Development
The Political Economy of Development
Why have some countries developed more rapidly than others? How can governments help or hinder the development process? In this course we will address these broad questions by analyzing the development of Asian, Latin American, and African countries. To gain a historical perspective we will begin with the experiences of the now "developed" countries, followed by an examination of how countries have confronted the dilemmas of development, such as corruption, income inequality, and environmental degradation. By studying development through a political economy lens, we will present the intersections between a political and economic understanding of the complex process of development. (Not open to students who have taken PSCI/ECON 1027) (Comparative Politics)/ AAL CMP SOC