David Colander is College Professor 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]
ECON0150 - 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
ECON0450 - 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. HIS PHL
ECON0500 - 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 2012, Winter 2013, Fall 2013, Winter 2014, Fall 2014, Winter 2015, Fall 2015
INTD0220 - Management and Enterprise
Management, Enterprise, and Business
Social enterprises, schools, governments, and businesses all need to be managed; indeed “manager” is today's most common job, yet most managers would struggle to explain what management is. In this course we will review different types of organizations, their common functions, and what it means to manage them. In the class wWe will review the history and development of management theory, functions, roles, skills, organization, structure, and behavior. In the lab students will work in small groups to understand, articulate, and address management issues faced by a real enterprise. Students will learn practical management techniques and skills including problem solving, teamwork, and communications. Professor David Colander will be assisting with the class, giving occasional lectures, and connecting the class to broad liberal arts themes. 3 hrs. lect.
INTD0221 - Enterprise & Entrepreneurship ▹
Creating New Enterprises To Solve Significant Problems: For-Profit and Social Entrepreneurship
In this class students will explore how entrepreneurial innovators solve significant problems by creating new enterprises, and how these new organizations impact our society. In today’s society, entrepreneurship seems ubiquitous. At times, it appears that entrepreneurs can do no wrong. At other times, they are depicted as over-optimistic fools. Such polar characterizations may sell magazines, but they do not capture what entrepreneurship is, which involves a more complex and interesting story— in both for-profit and social entrepreneurship environments. Students will explore entrepreneurship in depth with the goal of penetrating the popular veneer and uncovering the essence of starting and growing new enterprises designed to solve significant societal problems.
Fall 2014, Fall 2015, Fall 2016
INTD0253 - Art & Craft of Statesmanship ▹
The Art and Craft of Statesmanship
This course explores the art and craft of statesmanship. It is a hands-on course that explores how an academic idea is translated into a policy proposal. Students will work in teams learning the skills needed to move from abstract idea to political proposal. They will do background research, write a white paper report, and draft speeches that communicate a policy proposal to the general public. 3 hrs. sem. CW
INTD0316 - Accounting/Budgeting/Lib Arts
Accounting, Budgeting, and the Liberal Arts
Accounting is the lingua franca of commercial and financial activity, and applies equally to corporations, non-profits, and governments. In this course we will learn the basic concepts and standards underlying the accounting language including: revenue recognition, inventory, long-lived assets, present value, long-term liabilities, and financial statements. We then turn to the application and use of accounting information in forecasting, operating, and measuring an enterprise. These managerial accounting concepts are used to develop budgets and evaluate results. Our understanding of accounting and financial statements is needed to understand how business interrelates with society, and to answer a range of economic questions such as new product profitability, how to measure and motivate staff and predicting whether Chicago will follow Detroit into bankruptcy. There will be a significant project to apply the concepts and tools we have developed. Professor David Colander will be assisting with the class, giving occasional lectures, and connecting the class to broad liberal arts themes. (ECON 0155) 3 hrs. lect., 1 hr. lab
Fall 2013, Fall 2014
INTD0317 - Introduction to Finance
Introduction to Finance
In this introductory survey course we will cover the role of finance in society, the basic workings of the financial system, how funds are allocated within the economy, and how institutions raise money. We will cover a range of topics, including: interest rates and the time value of money; uncertainty and the trade-off between risk and return; security market efficiency; stocks, bonds and optimal capital structure; financing decisions and capital budgeting; sovereign risk; foreign currencies; derivatives markets; and concerns about the role of finance in society. The course will include discussions of current news events in global markets, as well as a significant project applying the tools we have learned. Professor David Colander will be assisting with the class, giving occasional lectures, and connecting the class to broad liberal arts themes. (ECON 0155) 3 hrs. lect., 1 hr. lab
INTD0419 - Investment Management ▹
In this course we will build on knowledge of accounting and finance and apply that knowledge to investment analysis, asset allocation, portfolio management, and capital markets and risk analysis. Designed to provide the basic concepts and principles of investing, the course examines investment theory and practice for investing a portfolio and evaluating its performance. We will discuss both traditional and non-traditional investments. Topics include securities markets, risk and return, capital asset pricing model (CAPM) and diversification, portfolio theory, private equity, valuation of equity, valuation of fixed-income securities, options and futures markets. Professor David Colander will be assisting with the class, giving occasional lectures, and connecting the class to broad liberal arts themes. (INTD 0316 and INTD 0317, or instructor approval) 3 hrs. lect./disc.
INTD0500 - Independent Study ▹
Spring 2014, Fall 2015, Fall 2016