Spring 2018

Course Code Title/Instructor Meets
ECON 111-01 Introduction to Microeconomics
Instructor: Tricia Hawks
Course Description:
A study of the fundamentals of economic analysis and of basic economic institutions, with particular emphasis upon consumer demand and upon the output and pricing decisions of business firms. The implications of actions taken by these decision-makers, operating within various market structures, upon the allocation of resources and the distribution of income are examined. Special attention is given to the sociopolitical environment within which economic decisions are made.
1330:MR   ALTHSE 08
ECON 111-02 Introduction to Microeconomics
Instructor: Tricia Hawks
Course Description:
A study of the fundamentals of economic analysis and of basic economic institutions, with particular emphasis upon consumer demand and upon the output and pricing decisions of business firms. The implications of actions taken by these decision-makers, operating within various market structures, upon the allocation of resources and the distribution of income are examined. Special attention is given to the sociopolitical environment within which economic decisions are made.
1500:MR   ALTHSE 08
ECON 111-03 Introduction to Microeconomics
Instructor: Sohani Fatehin
Course Description:
A study of the fundamentals of economic analysis and of basic economic institutions, with particular emphasis upon consumer demand and upon the output and pricing decisions of business firms. The implications of actions taken by these decision-makers, operating within various market structures, upon the allocation of resources and the distribution of income are examined. Special attention is given to the sociopolitical environment within which economic decisions are made.
0900:TR   ALTHSE 08
ECON 112-01 Introduction to Macroeconomics
Instructor: Andrew Farrant
Course Description:
A study of the fundamentals of economic analysis and of basic economic institutions, with particular emphasis upon national output, employment, and price levels. The monetary and financial system is explored together with problems of economic stability. Monetary and fiscal policy procedures are analyzed and evaluated in light of the current economic climate. Special attention is given to the historical development of major economic institutions.Prerequisite: 111.
1330:TF   DENNY 317
ECON 112-02 Introduction to Macroeconomics
Instructor: Ishraq Ahmed
Course Description:
A study of the fundamentals of economic analysis and of basic economic institutions, with particular emphasis upon national output, employment, and price levels. The monetary and financial system is explored together with problems of economic stability. Monetary and fiscal policy procedures are analyzed and evaluated in light of the current economic climate. Special attention is given to the historical development of major economic institutions.Prerequisite: 111.
0930:MWF   ALTHSE 08
ECON 112-03 Introduction to Macroeconomics
Instructor: Ishraq Ahmed
Course Description:
A study of the fundamentals of economic analysis and of basic economic institutions, with particular emphasis upon national output, employment, and price levels. The monetary and financial system is explored together with problems of economic stability. Monetary and fiscal policy procedures are analyzed and evaluated in light of the current economic climate. Special attention is given to the historical development of major economic institutions.Prerequisite: 111.
1030:MWF   ALTHSE 08
ECON 112-04 Introduction to Macroeconomics
Instructor: Andrew Farrant
Course Description:
A study of the fundamentals of economic analysis and of basic economic institutions, with particular emphasis upon national output, employment, and price levels. The monetary and financial system is explored together with problems of economic stability. Monetary and fiscal policy procedures are analyzed and evaluated in light of the current economic climate. Special attention is given to the historical development of major economic institutions.Prerequisite: 111.
1500:TF   DENNY 317
ECON 112-05 Introduction to Macroeconomics
Instructor: Douglas MacKenzie
Course Description:
A study of the fundamentals of economic analysis and of basic economic institutions, with particular emphasis upon national output, employment, and price levels. The monetary and financial system is explored together with problems of economic stability. Monetary and fiscal policy procedures are analyzed and evaluated in light of the current economic climate. Special attention is given to the historical development of major economic institutions.Prerequisite: 111.
1330:MR   DANA 101
ECON 222-01 Environmental Economics
Instructor: Anthony Underwood
Course Description:
A study of human production and consumption activities as they affect the natural and human environmental systems and as they are affected by those systems. The economic behavioral patterns associated with the market economy are scrutinized in order to reveal the biases in the decision-making process which may contribute to the deterioration of the resource base and of the quality of life in general. External costs and benefits, technological impacts, limits to economic growth, and issues of income and wealth distribution are examined. A range of potential policy measures, some consistent with our life style and some not, are evaluated. Prerequisite: 111.
0930:MWF   ALTHSE 110
ECON 222-02 Environmental Economics
Instructor: Anthony Underwood
Course Description:
A study of human production and consumption activities as they affect the natural and human environmental systems and as they are affected by those systems. The economic behavioral patterns associated with the market economy are scrutinized in order to reveal the biases in the decision-making process which may contribute to the deterioration of the resource base and of the quality of life in general. External costs and benefits, technological impacts, limits to economic growth, and issues of income and wealth distribution are examined. A range of potential policy measures, some consistent with our life style and some not, are evaluated. Prerequisite: 111.
1030:MWF   ALTHSE 110
ECON 228-01 Economic Analysis of Policy
Instructor: Tricia Hawks
Course Description:
This course introduces the basic economic techniques used in the analysis of public policy and applies these techniques to a variety of social problems and policies. The economic techniques taught include the analysis of market failure, benefit-cost analysis, and economic impact analysis. Applied topics vary, but are likely to include education and job training, public assistance, transportation policy, and environmental protection. Prerequisite: 111 or permission of the instructor.
1330:W   ALTHSE 109
ECON 268-01 Intermediate Macroeconomic Theory
Instructor: Douglas MacKenzie
Course Description:
Neoclassical theories of economic behavior in the aggregate. Models will be used as a framework for analyzing the determination of the level of national output and for explaining fluctuations in employment, the price level, interest rates, productivity, and the rate of economic growth. Policy proposals will be appraised. Prerequisite: 111 and 112; MATH 170.
0900:TR   ALTHSE 207
ECON 268-02 Intermediate Macroeconomic Theory
Instructor: Douglas MacKenzie
Course Description:
Neoclassical theories of economic behavior in the aggregate. Models will be used as a framework for analyzing the determination of the level of national output and for explaining fluctuations in employment, the price level, interest rates, productivity, and the rate of economic growth. Policy proposals will be appraised. Prerequisite: 111 and 112; MATH 170.
1030:TR   ALTHSE 207
ECON 278-01 Intermediate Microeconomic Theory
Instructor: Vlad Tarko
Course Description:
Neoclassical theory of relative prices of commodities and productive services under perfect and imperfect competition. The role of prices in the allocation and distribution of resources and commodities. Economic behavior of individual economic units like consumers, firms, and resource owners. Prerequisite: 111 and MATH 170.
0900:TR   ALTHSE 110
ECON 278-02 Intermediate Microeconomic Theory
Instructor: Vlad Tarko
Course Description:
Neoclassical theory of relative prices of commodities and productive services under perfect and imperfect competition. The role of prices in the allocation and distribution of resources and commodities. Economic behavior of individual economic units like consumers, firms, and resource owners. Prerequisite: 111 and MATH 170.
1030:TR   ALTHSE 110
ECON 288-01 Contending Economic Perspectives
Instructor: Mesude Kongar
Course Description:
A study of major heterodox economic theories such as Marxian, institutional, feminist, post-Keynesian, or Austrian economics. Students will study these contending economic perspectives through their historical evolution, methods and theoretical structures, and/or current policy debates. Prerequisites: 111 and 112.
1030:TR   ALTHSE 08
ECON 314-01 Applied Empirical Data Analysis
Instructor: Stephen Erfle
Course Description:
Cross-listed with INBM 300-03. This course provides students with the opportunity to undertake their own empirical investigation on topics of their choice. Students are welcome to use the information that I have gathered but they are also encouraged to obtain and analyze data of their choosing, subject to professor approval. Students have access to start of year and end of year physical activity and stature measures for more than 10,000 middle school students, two thirds of whom had daily PE, as well as school district level data for the Commonwealth of Pennsylvania. This course will analyze the date obtained from this program. Students will learn how to use SPSS and Arc-GIS throughout the course of the semester. The class culminates in presenting your own findings in a poster presentation that is open to the public.
1230:W   ALTHSE 204
ECON 314-02 Political Economy
Instructor: Andrew Farrant
Course Description:
Topics we may explore include (among others): the often contentious debate over F. A. Hayek's The Road to Serfdom (1944) and Hayek's later assessment of the welfare state, James M. Buchanan's constitutional political economy, Nancy Maclean's analysis of Buchanan's view of democracy, George Orwell's analysis of the logic of totalitarianism, Gordon Tullock's theory of rent-seeking, the Buchanan-Samuels exchange over the status of the status-quo, corruptions and the anti-commons, David Ellerman's labor theory of property, Bowles-Gintis contested exchange theory, Milton Friedman and the Pinochet dictatorship, Hayek and the Pinochet dictatorship, and Buchanan's assessment of the Pinochet junta. The class will place heavy emphasis on the importance of clarity when thinking and writing about the strengths or weaknesses of the various theories we are studying (e.g., the logic and assumptions underlying the theory of constitutional choice or Friedman's assessment of the way in which economic policy can help a country make the transition from dictatorship to democracy). The course is reading-intensive and requires much from you in terms of active participation (you also have the opportunity to help shape the direction of class discussion and the topics we explore).
1500:MR   DENNY 317
ECON 344-01 Public Finance
Instructor: Sohani Fatehin
Course Description:
Theoretical analysis of the interaction of the public and private sectors emphasizing problems of allocation and distribution. Topics include economic rationales for government, public expenditure theory, redistribution of income, collective decision making, and taxation. Neoclassical approaches predominate; however, some alternative approaches will be explored. Prerequisite: 278 or permission of the instructor.
1330:TR   ALTHSE 207
ECON 374-01 Econometrics
Instructor: Anthony Underwood
Course Description:
This course is a rigorous introduction to econometrics in which the tools of economic theory, mathematics, and statistical inference are applied to the analysis of economic data. We will study and apply multiple regression analysis to both cross-sectional and longitudinal (panel) data in order to familiarize students with the concepts of econometric modeling, estimation, prediction, and hypothesis testing. Students will conduct empirical research projects using Stata, or other statistical analysis software widely used in economics, to enable students to understand and apply the conventions of empirical research in economics, including: technical writing, reviewing existing literature, data collection and organization, and file management for complete transparency and reproducibility. Prerequisites: 268 or 278, and one college statistics course (MATH 121 or 225).
1130:MWF   ALTHSE 204
ECON 496-01 Political Economy of Health
Instructor: Mesude Kongar
Course Description:
Permission of Instructor Required. In a world of unprecedented wealth, the average life-expectancy in some parts of the world is as low as 49 years. Almost 2 million children die each year because they lack access to clean water and adequate sanitation. 100 million women are not alive today due to unequal access to nutrition, care and economic resources. In the United States, infant mortality rates are significantly higher among African-Americans. What are the political and economic conditions which lead to these differences in well-being across and within nations? In this course, students will examine the relationships between health and political and economic conditions world populations face today. The emphasis throughout the course will be on how socioeconomic inequalities based on gender, race, class, sexual orientation, nationality and other social categories affect health and well-being outcomes.
1330:T   ALTHSE 206
ECON 496-02 Asset Price Bubbles and Financial Crises
Instructor: Emily Marshall
Course Description:
Permission of Instructor Required. Asset price bubbles have been an important aspect of macroeconomic analysis for centuries. Modern macroeconomic theories and econometric techniques have allowed economists to better understand, predict, and analyze the causes and consequences of asset price inflation and the related short-run macroeconomic volatility. Recently, following the Great Recession, more research has been devoted the study of bubbles and financial crises. This course will begin by providing a historical perspective on asset price bubbles, both in the U.S. and abroad. The next part of the course will discuss the connection between macroeconomic phenomenon and financial markets, examine the transmission of bubbles and crashes to other sectors of the economy, and consider the potential for monetary and fiscal policy to slow asset price inflation and mitigate the negative effects of financial crises. The majority of this course will focus on the recent recession and end with a discussion of the possible impending bubbles, including automobile and student loans. Students will be expected to use both theoretical and empirical techniques to analyze asset markets. Students will read seminal academic journal articles related to financial markets, asset price bubbles, and subsequent recessions. Given the extensive nature of this topic, this course cover only a small portion of the material in this field, and students are encouraged to explore other related areas of interest through a semester-long research paper.
1330:T   ALTHSE 110
ECON 496-03 Asset Price Bubbles and Financial Crises
Instructor: Emily Marshall
Course Description:
Permission of Instructor Required. Asset price bubbles have been an important aspect of macroeconomic analysis for centuries. Modern macroeconomic theories and econometric techniques have allowed economists to better understand, predict, and analyze the causes and consequences of asset price inflation and the related short-run macroeconomic volatility. Recently, following the Great Recession, more research has been devoted the study of bubbles and financial crises. This course will begin by providing a historical perspective on asset price bubbles, both in the U.S. and abroad. The next part of the course will discuss the connection between macroeconomic phenomenon and financial markets, examine the transmission of bubbles and crashes to other sectors of the economy, and consider the potential for monetary and fiscal policy to slow asset price inflation and mitigate the negative effects of financial crises. The majority of this course will focus on the recent recession and end with a discussion of the possible impending bubbles, including automobile and student loans. Students will be expected to use both theoretical and empirical techniques to analyze asset markets. Students will read seminal academic journal articles related to financial markets, asset price bubbles, and subsequent recessions. Given the extensive nature of this topic, this course cover only a small portion of the material in this field, and students are encouraged to explore other related areas of interest through a semester-long research paper.
1330:W   ALTHSE 110
ECON 496-04 Institutions and Sustainable Development
Instructor: Vlad Tarko
Course Description:
Permission of Instructor Required. Why do some societies and communities prosper, while others stagnate or collapse? The course starts by exploring sustainability problems in relatively small-scale communities. How are tragedy of the commons problems solved? We are looking at fishing villages, forests, and water management. The second part of the class covers large-scale societies, and explores why various past civilizations, from the Maya to the Roman Empire, have collapsed. Throughout the course, we will also discuss methodology: what methods case studies, game theory, and statistical analyses are best suited for answering specific questions, and how different methods complement each other.
1330:R   ALTHSE 07
ECON 500-01 Circular Economy
Instructor: Anthony Underwood
Course Description:
 
ECON 500-02 Applied Data Analysis
Instructor: Emily Marshall
Course Description: