Fall 2022

  • ECON 110: Principles of Macroeconomics

    This course gives students a foundation in the general principles of economics as a basis for effective citizenship and, when combined with 111, as a preparation for all advanced study in economics. Topics include analysis of the measurement, level, and distribution of national income; the concepts of inflation and depression; the role and structure of the banking system; fiscal and monetary stabilization techniques; implications of and limits to economic growth; and international economic relations. 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022, Winter 2023, Spring 2023 · Yingtong Xie, Michael Hemesath, Victor Almeida, Ethan Struby
  • ECON 111: Principles of Microeconomics

    This course gives the students a foundation in the general principles of economics as a basis for effective citizenship and, when combined with 110, as a preparation for all advanced study in economics. Topics include consumer choice theory; the formation of prices under competition, monopoly, and other market structures; the determination of wages, profits, and income from capital; the distribution of income; and an analysis of policy directed towards problems of public finance, pollution, natural resources, and public goods.

    6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022, Winter 2023, Spring 2023 · Aaron Swoboda, Nathan Grawe, Jonathan Lafky, Faress Bhuiyan
  • ECON 257: Economics of Gender

    This course uses economic theory and empirical evidence to examine gender differentials in education, marriage, fertility, earnings, labor market participation, occupational choice, and household work. Trends and patterns in gender-based outcomes will be examined across time, across countries, and within socio-economic groups, using empirical evidence from both historical and recent research. The impact of government and firm policies on gender outcomes will also be examined. By the end of the course, students will be able to utilize the most common economic tools in the study of gender inequality, as well as understand their strengths and weaknesses.

    Prerequisites: Economics 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022 · Prathi Seneviratne
  • ECON 264: Health Care Economics

    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. Prerequisites: Economics 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022 · Nathan Grawe
  • ECON 275: Law and Economics

    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. Prerequisites: Economics 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter, Writing Requirement; offered Fall 2022 · Jenny Bourne
  • ECON 282: The Theory of Investment Finance

    This course provides an introduction to the main financial instruments that are used to fund economic activity. We will explore how investment products function and learn how to price a few of them. Attention will be given to the choices investors make, and should make, when allocating portfolios. Topics include bond pricing, stock pricing, option pricing, the mortgage market, hedge funds, private equity, optimal portfolios, defaults, financial intermediary capital, and investors’ behavioral biases.

    Prerequisites: Economics 110 and 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022 · Yingtong Xie
  • ECON 329: Econometrics

    This course is an introduction to the statistical methods used by economists to test hypotheses and to study and quantify economic relationships. The course emphasizes both econometric theory and practical application through analysis of economic data sets using statistical software. Prior experience with R is strongly encouraged. Topics include two-variable and multiple regression, interval estimation and hypothesis testing, discrete and continuous structural change, parameter restrictions, model construction, experimental design, issues of functional specification, model overfitting and underfitting, heteroscedasticity, autocorrelation, and multicollinearity.

    Prerequisites: Economics 110 and 111, Mathematics 111 and either Statistics 120 (formerly Mathematics 215) or Statistics 250 (formerly Mathematics 275) or instructor consent 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022, Spring 2023 · Mark Kanazawa
  • ECON 330: Intermediate Price Theory

    An analysis of the forces determining relative prices within the framework of production and distribution. This class is normally taken by juniors. Sophomores considering enrolling should speak to the instructor. Prerequisites: Economics 110 and 111 and Mathematics 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022, Winter 2023 · Jenny Bourne
  • ECON 395: Advanced Topics in Economics of Inequality

    This seminar focuses on empirical analysis of topics in the economics of inequality. Specific areas of study depend on student interest and may include: labor markets; earnings gaps across gender, race, sexual orientation, disability, and immigrant status; labor-market discrimination; gender inequality in different countries and regions; immigration and the role of cultural transmission; and family decision-making. Class time is primarily devoted to discussion of peer-reviewed journal articles, theory and application of advanced econometric techniques, and student-led presentations.

    Prerequisites: Economics 329, 330 and 331 or instructor permission 6 credits; Social Inquiry, Writing Requirement, Quantitative Reasoning Encounter, International Studies; offered Fall 2022 · Prathi Seneviratne
  • ECON 395: Advanced Topics in Housing Economics

    This course focuses on the empirical analysis of housing prices, quantities, supply, demand, and related policy. Specific areas of study include: market trends in housing prices over time and space, hedonic analysis of local amenities like schools, parks, or pollution, differential effects of housing policy, segregation, migration, and many others depending on student interests. Class time is a mix of journal article discussion, empirical lab exercises, and other individual and small group activities aimed at helping students write an independent research prospectus. Throughout, we’ll pay special attention to issues of research integrity, the open science movement, and causal inference research methods.

    Prerequisites: Economics 329, 330, and 331, or instructor permission 6 credits; Social Inquiry, Writing Requirement, Quantitative Reasoning Encounter; offered Fall 2022 · Aaron Swoboda
  • ECON 395: Advanced Topics in Macroeconomics and Finance

    The seminar will explore contemporary approaches to the analysis of the macroeconomy and financial markets. Topics include tests of canonical, micro-founded models of household, investor, and firm behavior; the analysis of business cycles and the dynamic response of the macroeconomy to exogenous shocks; proximate and fundamental theories of long-run growth across countries; and the design and effects of stabilization policies. Students will also be exposed to empirical methods suited for the causal analysis of cross-sectional, time series, and panel data.

    Prerequisites: Economics 329, 330 and 331 or instructor permission 6 credits; Social Inquiry, Writing Requirement; offered Fall 2022 · Victor Almeida
  • ECON 398: Advanced Research in Economics

    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.

    Prerequisites: Concurrent registration in Economics 400.; Economics 395 Instructor permission required 6 credits; S/CR/NC; Does not fulfill a curricular exploration requirement; offered Fall 2022, Winter 2023, Spring 2023 · Ethan Struby, Aaron Swoboda, Faress Bhuiyan, Prathi Seneviratne, Victor Almeida
  • ECON 400: Integrative Exercise

    3 credits; S/NC; offered Fall 2022, Winter 2023, Spring 2023 · Ethan Struby, Aaron Swoboda, Victor Almeida, Prathi Seneviratne

Winter 2023

  • ECON 110: Principles of Macroeconomics

    This course gives students a foundation in the general principles of economics as a basis for effective citizenship and, when combined with 111, as a preparation for all advanced study in economics. Topics include analysis of the measurement, level, and distribution of national income; the concepts of inflation and depression; the role and structure of the banking system; fiscal and monetary stabilization techniques; implications of and limits to economic growth; and international economic relations. 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022, Winter 2023, Spring 2023 · Yingtong Xie, Michael Hemesath, Victor Almeida, Ethan Struby
  • ECON 111: Principles of Microeconomics

    This course gives the students a foundation in the general principles of economics as a basis for effective citizenship and, when combined with 110, as a preparation for all advanced study in economics. Topics include consumer choice theory; the formation of prices under competition, monopoly, and other market structures; the determination of wages, profits, and income from capital; the distribution of income; and an analysis of policy directed towards problems of public finance, pollution, natural resources, and public goods.

    6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022, Winter 2023, Spring 2023 · Aaron Swoboda, Nathan Grawe, Jonathan Lafky, Faress Bhuiyan
  • ECON 240: Microeconomics of Development

    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. Prerequisites: Economics 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter, International Studies; offered Winter 2023 · Faress Bhuiyan
  • ECON 267: Behavioral Economics

    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.

    Prerequisites: Economics 110 and 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Winter 2023 · Jonathan Lafky
  • ECON 270: Economics of the Public Sector

    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. Prerequisites: Economics 110 and 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter, Writing Requirement; offered Winter 2023 · Jenny Bourne
  • ECON 271: Economics of Natural Resources and the Environment

    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. Prerequisites: Economics 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Winter 2023 · Mark Kanazawa
  • ECON 330: Intermediate Price Theory

    An analysis of the forces determining relative prices within the framework of production and distribution. This class is normally taken by juniors. Sophomores considering enrolling should speak to the instructor. Prerequisites: Economics 110 and 111 and Mathematics 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022, Winter 2023 · Jenny Bourne
  • ECON 331: Intermediate Macro Theory

    Analysis of the forces determining the general level of output, employment, and prices with special emphasis on the role of money and on interest rate determination. This class is normally taken by juniors. Sophomores considering enrolling should speak to the instructor. Prerequisites: Economics 110 and 111, Mathematics 111 and Statistics 120 (formerly Mathematics 215) or Statistics 250 (formerly Mathematics 275) or instructor consent 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Winter 2023, Spring 2023 · Ethan Struby
  • ECON 398: Advanced Research in Economics

    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.

    Prerequisites: Concurrent registration in Economics 400.; Economics 395 Instructor permission required 6 credits; S/CR/NC; Does not fulfill a curricular exploration requirement; offered Fall 2022, Winter 2023, Spring 2023 · Ethan Struby, Aaron Swoboda, Faress Bhuiyan, Prathi Seneviratne, Victor Almeida
  • ECON 400: Integrative Exercise

    3 credits; S/NC; offered Fall 2022, Winter 2023, Spring 2023 · Ethan Struby, Aaron Swoboda, Victor Almeida, Prathi Seneviratne

Spring 2023

  • ECON 110: Principles of Macroeconomics

    This course gives students a foundation in the general principles of economics as a basis for effective citizenship and, when combined with 111, as a preparation for all advanced study in economics. Topics include analysis of the measurement, level, and distribution of national income; the concepts of inflation and depression; the role and structure of the banking system; fiscal and monetary stabilization techniques; implications of and limits to economic growth; and international economic relations. 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022, Winter 2023, Spring 2023 · Yingtong Xie, Michael Hemesath, Victor Almeida, Ethan Struby
  • ECON 111: Principles of Microeconomics

    This course gives the students a foundation in the general principles of economics as a basis for effective citizenship and, when combined with 110, as a preparation for all advanced study in economics. Topics include consumer choice theory; the formation of prices under competition, monopoly, and other market structures; the determination of wages, profits, and income from capital; the distribution of income; and an analysis of policy directed towards problems of public finance, pollution, natural resources, and public goods.

    6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022, Winter 2023, Spring 2023 · Aaron Swoboda, Nathan Grawe, Jonathan Lafky, Faress Bhuiyan
  • ECON 241: Growth and Development

    Why are some countries rich and others poor? What causes countries to grow? This course develops a general framework of economic growth and development to analyze these questions. We will document the empirical differences in growth and development across countries and study some of the theories developed to explain these differences. This course complements Economics 240. Prerequisites: Economics 110 6 credits; Social Inquiry, Quantitative Reasoning Encounter, International Studies; offered Spring 2023 · Ethan Struby
  • ECON 262: The Economics of Sports

    In recent years, the sports business in the United States has grown into a multibillion-dollar industry. Understanding the sports business from an economic viewpoint is the subject of this course. Topics will include player compensation, revenue-sharing, salary caps, free agency, tournaments, salary discrimination, professional franchise valuation, league competitiveness, college athletics, and the economics of sports stadiums and arenas. Prerequisites: Economics 110 and 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Spring 2023 · Mark Kanazawa
  • ECON 265: Game Theory and Economic Applications

    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. Prerequisites: Economics 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Spring 2023 · Jonathan Lafky
  • ECON 280: International Trade

    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. Prerequisites: Economics 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Spring 2023 · Prathi Seneviratne
  • ECON 281: International Finance

    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. Prerequisites: Economics 110 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Spring 2023 · Victor Almeida
  • ECON 283: Corporate Organization and Finance

    This course investigates decision-making by firms and their managers. Specific topics include tradeoffs in corporate organization, executive compensation, project valuation, the cost of capital under debt and equity financing, and the firm’s optimal capital structure. 

    Prerequisites: Economics 110 and 111 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Spring 2023 · Yingtong Xie
  • ECON 329: Econometrics

    This course is an introduction to the statistical methods used by economists to test hypotheses and to study and quantify economic relationships. The course emphasizes both econometric theory and practical application through analysis of economic data sets using statistical software. Prior experience with R is strongly encouraged. Topics include two-variable and multiple regression, interval estimation and hypothesis testing, discrete and continuous structural change, parameter restrictions, model construction, experimental design, issues of functional specification, model overfitting and underfitting, heteroscedasticity, autocorrelation, and multicollinearity.

    Prerequisites: Economics 110 and 111, Mathematics 111 and either Statistics 120 (formerly Mathematics 215) or Statistics 250 (formerly Mathematics 275) or instructor consent 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Fall 2022, Spring 2023 · Mark Kanazawa
  • ECON 331: Intermediate Macro Theory

    Analysis of the forces determining the general level of output, employment, and prices with special emphasis on the role of money and on interest rate determination. This class is normally taken by juniors. Sophomores considering enrolling should speak to the instructor. Prerequisites: Economics 110 and 111, Mathematics 111 and Statistics 120 (formerly Mathematics 215) or Statistics 250 (formerly Mathematics 275) or instructor consent 6 credits; Social Inquiry, Quantitative Reasoning Encounter; offered Winter 2023, Spring 2023 · Ethan Struby
  • ECON 398: Advanced Research in Economics

    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.

    Prerequisites: Concurrent registration in Economics 400.; Economics 395 Instructor permission required 6 credits; S/CR/NC; Does not fulfill a curricular exploration requirement; offered Fall 2022, Winter 2023, Spring 2023 · Ethan Struby, Aaron Swoboda, Faress Bhuiyan, Prathi Seneviratne, Victor Almeida
  • ECON 400: Integrative Exercise

    3 credits; S/NC; offered Fall 2022, Winter 2023, Spring 2023 · Ethan Struby, Aaron Swoboda, Victor Almeida, Prathi Seneviratne