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Academic Catalog 2025-26

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Your search for courses · during 24FA, 25WI, 25SP · tagged with ECON Elective · returned 16 results

  • ECON 240 Microeconomics of Development 6 credits

    This course explores household behavior in developing countries. We will cover areas including fertility decisions, health and mortality, investment in education, the intra-household allocation of resources, household structure, and the marriage market. We will also look at the characteristics of land, labor, and credit markets, particularly technology adoption; land tenure and tenancy arrangements; the role of agrarian institutions in the development process; and the impacts of alternative politics and strategies in developing countries. The course complements Economics 241.

    • Winter 2025
    • IS, International Studies QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 111 with a grade of C- or better or ECON AL (Cambridge A Level Economics) with a grade of B or better or has received a score of 5 on the AP Microeconomics test or a score of 6 or better on the IB Economics test or received an ECON 111 requisite equivalency.

    • AFST Pertinent ASST Central Asia ASST East Asia ASST South Asia CL: 200 level EAST Supporting ECON Elective ENTS Society, Culture and Policy LTAM 300 HIST/SOAN/POSC LTAM Electives LTAM Pertinent Courses POSI Elective/Non POSC ASST Social Inquiry PPOL Economic Policy Making & Development SAST Support Social Inquiry
    • ECON  240.00 Winter 2025

    • Faculty:Faress Bhuiyan 🏫 👤
    • Size:25
    • M, WWillis 211 9:50am-11:00am
    • FWillis 211 9:40am-10:40am
  • ECON 244 Gender and Ethnicity in Latin American Economic Development 6 credits

    Latin America has the highest level of inequality in the world, undergirded by significant ethnic and gender inequalities. The course will analyze key gender issues such as the feminization of poverty, female labor force participation and violence against women. We will also investigate how men can contribute to promoting gender equality and how public policy can promote healthy—rather than toxic—masculinities. We will explore what development means for indigenous peoples in the Americas, analyze different ways of measuring development with identity, and delve into how to promote better health and educational outcomes for indigenous peoples, in collaboration with indigenous communities and in ways that respect their worldview. This course is designed to be a combination of topics and tools. You will be equipped with a few useful tools from the economist’s toolkit, including using randomized controlled trials to measure the effectiveness of public policy and deploying nudges inspired by behavioral science to change behaviors in quick and low-cost fashion.

    • Fall 2024
    • IS, International Studies QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 111 with a grade of C- or better or ECON AL (Cambridge A Level Economics) with a grade of B or better or has received a score of 5 on the AP Microeconomics test or a score of 6 or better on the IB Economics test or received an ECON 111 requisite equivalency.

    • CL: 200 level ECON Elective LTAM Electives
    • ECON  244.00 Fall 2024

    • Faculty:Andrew Morrison 🏫 👤
    • Size:25
    • M, WLeighton 304 9:50am-11:00am
    • FLeighton 304 9:40am-10:40am
  • ECON 264 Healthcare Economics 6 credits

    This course will focus on the economics of medical care and how health care markets and systems work. We will consider both private health insurance markets and publicly provided social health insurance. The changes which demography, technology and the Affordable Health Care Act are bringing to health care delivery will be examined. Some time will be devoted to understanding the health care systems in other countries. This is a discussion course.

    • Winter 2025
    • QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 111 with a grade of C- or better or ECON AL (Cambridge A Level Economics) with a grade of B or better or has received a score of 5 on the AP Microeconomics test or a score of 6 or better on the IB Economics test or received an ECON 111 requisite equivalency.

    • AMST America in the World AMST Democracy Activism CL: 200 level ECON Elective POSI Elective/Non POSC PPOL Public Health
    • ECON  264.00 Winter 2025

    • Faculty:Nathan Grawe 🏫 👤
    • Size:25
    • M, WWillis 203 12:30pm-1:40pm
    • FWillis 203 1:10pm-2:10pm
  • ECON 265 Game Theory and Economic Applications 6 credits

    Game theory is the study of purposeful behavior in strategic situations. It serves as a framework for analysis that can be applied to everyday decisions, such as working with a study group and cleaning your room, as well as to a variety of economic issues, including contract negotiations and firms’ output decisions. In this class, modern game theoretic tools will be primarily applied to economic situations, but we will also draw on examples from other realms.

    • Spring 2025
    • QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 111 with a grade of C- or better or ECON AL (Cambridge A Level Economics) with a grade of B or better or has received a score of 5 on the AP Microeconomics test or a score of 6 or better on the IB Economics test or received an ECON 111 requisite equivalency.

    • CGSC Elective CL: 200 level ECON Elective
    • ECON  265.00 Spring 2025

    • Faculty:Jonathan Lafky 🏫 👤
    • Size:25
    • M, WWillis 203 12:30pm-1:40pm
    • FWillis 203 1:10pm-2:10pm
  • ECON 267 Behavioral Economics 6 credits

    This course introduces experimental economics and behavioral economics as two complementary approaches to understanding economic decision making. We will study the use of controlled experiments to test and critique economic theories, as well as how these theories can be improved by introducing psychologically plausible assumptions to our models. We will read a broad survey of experimental and behavioral results, including risk and time preferences, prospect theory, other-regarding preferences, the design of laboratory and field experiments, and biases in decision making.

    • Winter 2025
    • QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 110 with a grade of C- or better or received a score of 5 on the Macroeconomics AP exam or received a ECON 110 requisite equivalency and ECON 111 with a grade of C- or better or received a score of 5 on the Microeconomics AP exam or received ECON 111 requisite equivalency OR has received a score of 6 or better on the Economics IB exam.

    • CGSC Elective CL: 200 level ECON Elective PSYC Pertinent
    • ECON  267.00 Winter 2025

    • Faculty:Jonathan Lafky 🏫 👤
    • Size:25
    • M, WWillis 203 1:50pm-3:00pm
    • FWillis 203 2:20pm-3:20pm
  • ECON 269 Economics of Climate Change 6 credits

    This course studies the relationship between climate change, government policy, and global markets. It explores the historical relationship between economic growth and greenhouse gasses, the cost-benefit analysis of policies aimed at reducing greenhouse gas emissions, and the potential for adaptation to climate change. Through readings, discussions, and case studies, students will gain a deep understanding of the economic implications of climate change and the policies that can be used to mitigate its effects. By the end of the course, students will have developed a critical understanding of the complex relationship between economics and climate change and will be equipped to engage in meaningful discussions and analysis of this pressing global issue.

    • Spring 2025
    • QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 110 with a grade of C- or better or received a score of 5 on the Macroeconomics AP exam or received a ECON 110 requisite equivalency and ECON 111 with a grade of C- or better or received a score of 5 on the Microeconomics AP exam or received ECON 111 requisite equivalency OR has received a score of 6 or better on the Economics IB exam.

    • CL: 200 level ECON Elective ENTS Society, Culture and Policy PPOL Environmental Policy & Sustainability
    • ECON  269.00 Spring 2025

    • Faculty:Aaron Swoboda 🏫 👤
    • Size:25
    • M, WWillis 203 8:30am-9:40am
    • FWillis 203 8:30am-9:30am
  • ECON 270 Economics of the Public Sector 6 credits

    This course provides a theoretical and empirical examination of the government’s role in the U.S. economy. Emphasis is placed on policy analysis using the criteria of efficiency and equity. Topics include rationales for government intervention; analysis of alternative public expenditure programs from a partial and/or general equilibrium framework; the incidence of various types of taxes; models of collective choice; cost-benefit analysis; intergovernmental fiscal relations.

    • Spring 2025
    • QRE, Quantitative Reasoning SI, Social Inquiry WR2 Writing Requirement 2
    • Student has completed any of the following course(s): ECON 110 with a grade of C- or better or received a score of 5 on the Macroeconomics AP exam or received a ECON 110 requisite equivalency and ECON 111 with a grade of C- or better or received a score of 5 on the Microeconomics AP exam or received ECON 111 requisite equivalency OR has received a score of 6 or better on the Economics IB exam.

    • ACE Theoretical AMST Democracy Activism CL: 200 level ECON Elective POSI Elective/Non POSC PPOL Core EDUC 3 Public Policy Educational Reform
    • ECON  270.00 Spring 2025

    • Faculty:Jenny Bourne 🏫 👤
    • Size:25
    • T, THWillis 203 1:15pm-3:00pm
  • ECON 271 Economics of Natural Resources and the Environment 6 credits

    This course focuses on environmental economics, energy economics, and the relationship between them. Economic incentives for pollution abatement, the industrial organization of energy production, optimal depletion rates of energy sources, and the environmental and economic consequences of alternate energy sources are analyzed.

    • Winter 2025
    • QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 111 with a grade of C- or better or ECON AL (Cambridge A Level Economics) with a grade of B or better or has received a score of 5 on the AP Microeconomics test or a score of 6 or better on the IB Economics test or received an ECON 111 requisite equivalency.

    • AMST America in the World AMST Democracy Activism AMST Space and Place CL: 200 level ECON Elective ENTS Core Course POSI Elective/Non POSC PPOL Environmental Policy & Sustainability
    • ECON  271.00 Winter 2025

    • Faculty:Mark Kanazawa 🏫 👤
    • Size:25
    • T, THWillis 211 1:15pm-3:00pm
  • ECON 274 Labor Economics 6 credits

    Why do some people choose to work and others do not? Why are some people paid higher wages than others? What are the economic benefits of education for the individual and for society? How do government policies, such as subsidized child care, the Earned Income Tax Credit and the income tax influence whether people work and the number of hours they choose to work? These are some of the questions examined in labor economics. This course will focus on the labor supply and human capital decisions of individuals and households.

    • Spring 2025
    • QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 110 with a grade of C- or better or received a score of 5 on the Macroeconomics AP exam or received a ECON 110 requisite equivalency and ECON 111 with a grade of C- or better or received a score of 5 on the Microeconomics AP exam or received ECON 111 requisite equivalency OR has received a score of 6 or better on the Economics IB exam.

    • CL: 200 level ECON Elective POSI Elective/Non POSC PPOL Economic Policy Making & Development
    • ECON  274.00 Spring 2025

    • Faculty:Faress Bhuiyan 🏫 👤
    • Size:25
    • M, WWillis 114 11:10am-12:20pm
    • FWillis 114 12:00pm-1:00pm
  • ECON 275 Law and Economics 6 credits

    Legal rules and institutions influence people’s behavior. By setting acceptable levels of pollution, structuring guidelines for contract negotiations, deciding who should pay for the costs of an accident, and determining punishment for crimes, courts and legislatures create incentives. How do economic considerations factor into legal rules, and how do laws affect economic output and distribution? In this class, we use court cases, experiments, and current legal controversies to explore such issues.

    • Fall 2024
    • QRE, Quantitative Reasoning SI, Social Inquiry WR2 Writing Requirement 2
    • Student has completed any of the following course(s): ECON 111 with a grade of C- or better or ECON AL (Cambridge A Level Economics) with a grade of B or better or has received a score of 5 on the AP Microeconomics test or a score of 6 or better on the IB Economics test or received an ECON 111 requisite equivalency.

    • CL: 200 level ECON Elective POSI Elective/Non POSC PPOL Economic Policy Making & Development
    • ECON  275.00 Fall 2024

    • Faculty:Jenny Bourne 🏫 👤
    • Size:25
    • T, THWillis 211 1:15pm-3:00pm
  • ECON 276 Money and Banking 6 credits

    This course examines the role of money and monetary institutions in determination of income, employment, and prices in the domestic and world economies. It also examines the role of commercial banking and financial markets in a market-based economy.

    • Winter 2025
    • QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 110 with a grade of C- or better or received a score of 5 on the Macroeconomics AP exam or received a ECON 110 requisite equivalency and ECON 111 with a grade of C- or better or received a score of 5 on the Microeconomics AP exam or received ECON 111 requisite equivalency OR has received a score of 6 or better on the Economics IB exam.

    • CL: 200 level ECON Elective
    • ECON  276.00 Winter 2025

    • Faculty:Lhakpa Sherpa 🏫
    • Size:25
    • M, WWillis 211 11:10am-12:20pm
    • FWillis 211 12:00pm-1:00pm
  • ECON 277 History and Theory of Financial Crises 6 credits

    This course provides a historical perspective on financial crises and highlights their main empirical patterns. This course also introduces economic theories of financial crises, in which leverage, moral hazard, mistaken beliefs, and coordination problems play a central role. We will also discuss some policy instruments used to balance risk exposure, such as deposit insurance, collective action clauses, exchange controls, and foreign reserves.

    • Spring 2025
    • IS, International Studies SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 110 with a grade of C- or better or received a score of 5 on the Macroeconomics AP exam or received a ECON 110 requisite equivalency and ECON 111 with a grade of C- or better or received a score of 5 on the Microeconomics AP exam or received ECON 111 requisite equivalency OR has received a score of 6 or better on the Economics IB exam.

    • CL: 200 level ECON Elective HIST Latin America HIST Pertinent Courses LTAM Electives POSI Elective/Non POSC
    • ECON  277.00 Spring 2025

    • Faculty:Victor Almeida 🏫 👤
    • Size:25
    • T, THWillis 211 10:10am-11:55am
  • ECON 280 International Trade 6 credits

    A study of international trade theories and their policy implications. Classical and neo-classical trade models, the gains from trade, the terms of trade and the distribution of income, world trade patterns, international factor movements, tariffs, and the impact of commercial policy on developing and developed countries are analyzed.

    • Spring 2025
    • QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 111 with a grade of C- or better or ECON AL (Cambridge A Level Economics) with a grade of B or better or has received a score of 5 on the AP Microeconomics test or a score of 6 or better on the IB Economics test or received an ECON 111 requisite equivalency.

    • CL: 200 level ECON Elective POSI Elective/Non POSC PPOL Economic Policy Making & Development
    • ECON  280.00 Spring 2025

    • Faculty:Prathi Seneviratne 🏫 👤
    • Size:25
    • M, WWillis 203 9:50am-11:00am
    • FWillis 203 9:40am-10:40am
  • ECON 281 International Finance 6 credits

    This course studies theories of the multi-faceted interaction between the balance of international payments and foreign exchange market and the general levels of domestic prices, employment and economic activity. Topics include the balance of payments, foreign exchange markets, adjustment mechanisms in international payments, macroeconomic policies for internal and external balance, and international monetary systems.

    • Fall 2024
    • QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 110 with grade of C- or better or has scored a 5 on the Macroeconomics AP exam or has scored a 6 or better on the Economics IB exam or received a Carleton Economics 110 Requisite Equivalency.

    • CL: 200 level ECON Elective POSI Elective/Non POSC PPOL Economic Policy Making & Development
    • ECON  281.00 Fall 2024

    • Faculty:Michael Hemesath 🏫 👤
    • Size:25
    • T, THCMC 209 10:10am-11:55am
  • ECON 285 Computational Economics 6 credits

    This course is an introduction to the use of computational methods for the analysis of economic models. After becoming familiar with the programming environment, we will explore the application of computational methods to constrained optimization, econometric estimation, and calibrating, solving, and simulating static and dynamic economic models.

    Previous elective courses involving mathematical modeling in economics recommended.

    • Fall 2024
    • QRE, Quantitative Reasoning SI, Social Inquiry
    • Student has completed any of the following course(s): ECON 110 with a grade of C- or better or received a score of 5 on the Macroeconomics AP exam or received a ECON 110 requisite equivalency and ECON 111 with a grade of C- or better or received a score of 5 on the Microeconomics AP exam or received ECON 111 requisite equivalency OR has received a score of 6 or better on the Economics IB exam.

    • CL: 200 level CS Major Electives ECON Elective SDSC XDept Elective
    • ECON  285.00 Fall 2024

    • Faculty:Anthony Priolo 🏫
    • Size:25
    • M, WWillis 203 12:30pm-1:40pm
    • FWillis 203 1:10pm-2:10pm
  • ECON 398 Advanced Research in Economics 6 credits

    This course is designed to support majors in developing advanced skills in economic research and communication. Through a combination of class discussion, small group work, and/or one-on-one interactions with the professor, majors learn the process of constructing strong, theoretically-grounded arguments through primary research, secondary research, or both. Students will also learn and practice strategies for engaging critically with contemporary scholarship and effective techniques of peer review and the oral presentation of research.

    • Winter 2025, Spring 2025
    • No Exploration
    • Student has completed any of the following course(s): ECON 395 with a grade of C- or better.

    • ECON 400: Integrative Exercise
    • ECON Elective
    • ECON  398.01 Winter 2025

    • Faculty:Aaron Swoboda 🏫 👤
    • Size:15
    • Grading:S/CR/NC
    • ECON  398.02 Winter 2025

    • Faculty:Ethan Struby 🏫 👤
    • Size:15
    • Grading:S/CR/NC
    • ECON  398.01 Spring 2025

    • Faculty:Aaron Swoboda 🏫 👤
    • Size:15
    • Grading:S/CR/NC
    • ECON  398.02 Spring 2025

    • Faculty:Ethan Struby 🏫 👤
    • Size:15
    • Grading:S/CR/NC

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2025–26 Academic Catalog

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Registrar: Theresa Rodriguez
Email: registrar@carleton.edu
Phone: 507-222-4094
Academic Catalog 2025-26 pages maintained by Maria Reverman
This page was last updated on 28 January 2026
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507-222-4000

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