Fall 2015

Course Code Title/Instructor Meets
ECON 111-01 Introduction to Microeconomics
Instructor: William Bellinger
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. This course fulfills the Social Sciences (Division II) distribution requirement and QR graduation requirement.
1330:MR   ALTHSE 201
ECON 111-02 Introduction to Microeconomics
Instructor: William Bellinger
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. This course fulfills the Social Sciences (Division II) distribution requirement and QR graduation requirement.
1500:MR   ALTHSE 201
ECON 111-03 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. This course fulfills the Social Sciences (Division II) distribution requirement and QR graduation requirement.
1330:MR   ALTHSE 08
ECON 111-04 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. This course fulfills the Social Sciences (Division II) distribution requirement and QR graduation requirement.
1500:MR   ALTHSE 08
ECON 111-05 Introduction to Microeconomics
Instructor: Andrew Farrant
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. This course fulfills the Social Sciences (Division II) distribution requirement and QR graduation requirement.
0830:MWF   DENNY 317
ECON 111-06 Introduction to Microeconomics
Instructor: Andrew Farrant
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. This course fulfills the Social Sciences (Division II) distribution requirement and QR graduation requirement.
0930:MWF   DENNY 317
ECON 111-07 Introduction to Microeconomics
Instructor: Nicola Tynan
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. This course fulfills the Social Sciences (Division II) distribution requirement and QR graduation requirement.
0830:MWF   ALTHSE 204
ECON 112-01 Introduction to Macroeconomics
Instructor: Edward McPhail
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.This course fulfills the DIV II social sciences distribution requirement and QR graduation requirement.
0830:MWF   ALTHSE 08
ECON 112-02 Introduction to Macroeconomics
Instructor: Edward McPhail
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.This course fulfills the DIV II social sciences distribution requirement and QR graduation requirement.
0930:MWF   ALTHSE 08
ECON 112-03 Introduction to Macroeconomics
Instructor: Edward McPhail
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.This course fulfills the DIV II social sciences distribution requirement and QR graduation requirement.
1030:MWF   ALTHSE 08
ECON 214-01 Statistical Methods in Economics
Instructor: Anthony Underwood
Course Description:
Introduction to probability and statistics as a background for econometrics. Topics include probability theory; sampling methods; probability and sampling distributions; simple linear regression; estimation; statistical inference; and hypothesis testing. When possible, emphasis is on the application of statistical methods and data analysis to micro- and macroeconomic concepts. This course will fulfill the Economics Department statistical requirement for the major.
1330:TF   ALTHSE 207
ECON 214-02 Statistical Methods in Economics
Instructor: Anthony Underwood
Course Description:
Introduction to probability and statistics as a background for econometrics. Topics include probability theory; sampling methods; probability and sampling distributions; simple linear regression; estimation; statistical inference; and hypothesis testing. When possible, emphasis is on the application of statistical methods and data analysis to micro- and macroeconomic concepts. This course will fulfill the Economics Department statistical requirement for the major.
1500:TF   ALTHSE 207
ECON 214-03 International Development
Instructor: Shamma Alam
Course Description:
Cross-listed with INST 290-03.This course will cover the main topics that are covered in traditional development classes, which include agricultural/subsistence household issues, credit constraints in poor country setttings, issues related to education, child labor, migration, population, and health, and also potential development and sustainability problems that we are going to face because of climate change.
1030:MWF   STERN 103
ECON 214-04 Introduction to Austrian Economics
Instructor: Andrew Farrant, Vlad Tarko
Course Description:
The basic premise of Austrian economics is that the role of prices as mechanisms for large scale coordination is revealed more clearly once we look at the entrepreneurial process by which prices form and adjust, a process that is imperfect and takes time. We will consider an array of questions from microeconomics, macroeconomics, and political economy, such as: What is entrepreneurship? Do neoclassical models of competition fully capture the rivalrous nature of competition in the real world? How do we incorporate Schumpeterian "creative destruction" more fully into our microeconomic models? What do we miss if we model capital as homogeneous? What is the connection between the specificity of capital goods and the length of recessions and the existence of involuntary unemployment? How do monetary policies affect entrepreneurial decisions, possibly inducing large-scale misallocations of capital? What institutions are most robust in delivering desirable social outcomes as we relax assumptions of benevolence and perfect knowledge? Why do ideas, rather than only interests, matter as drivers of social change, and what are the channels by which ideology and culture influence or constrain institutional change?
1230:MWF   ALTHSE 201
ECON 222-01 Environmental Economics
Instructor: Nicola Tynan
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 201
ECON 222-02 Environmental Economics
Instructor: Nicola Tynan
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.
1130:MWF   ALTHSE 201
ECON 223-01 American Capitalism and Social Justice
Instructor: Jonathan Cogliano
Course Description:
Cross-listed with AMST 200-03 and SOCI 230-03.
0900:TR   ALTHSE 207
ECON 223-02 American Capitalism and Social Justice
Instructor: Jonathan Cogliano
Course Description:
Cross-listed with AMST 200-04 and SOCI 230-04.
1030:TR   ALTHSE 207
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. This course fulfills the Social Sciences (Division II) distribution requirement and QR graduation requirement.
1030:MR   STERN 11
ECON 268-01 Intermediate Macroeconomic Theory
Instructor: Andrew Farrant, Emily Marshall
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; and MATH 121 or MATH 225 or INBM 220 (for INBM majors only).
1230:MWF   ALTHSE 204
ECON 278-01 Intermediate Microeconomic Theory
Instructor: Andrew Farrant, 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.
1330:MR   BOSLER 213
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 110
ECON 314-01 Great Recession
Instructor: Andrew Farrant, Emily Marshall
Course Description:
This course examines the events of the recent recession, as well as its causes and aftermath. Special attention is paid to the housing bubble that preceded the recession, how the crisis in the housing sector spread to the rest of the economy, the response of monetary, fiscal, and regulatory policies, and the disappointing rate of recovery after the official end of the recession. The seminar focuses on refining students theoretical and empirical skills and applying them to recent macroeconomic events. The recession was an extraordinarily complex event. Tools from diverse areas, including macroeconomics, microeconomics, law, finance, political science, and other disciplines, contribute to understanding its causes. Even with a full semester, we will only cover a small fraction of the material that I find worthwhile. If students are interested in an aspect of the recession that the class ignores or brushes over, I hope that you will consider making it the basis of the courses required research paper.
1330:TF   ALTHSE 110
ECON 314-03 Advanced Marxian Political Economy
Instructor: Jonathan Cogliano
Course Description:
This course surveys the major aspects of Classical and Marxian approaches to understanding the capitalist world. The aim is to develop a deep understanding of the theoretical apparatus employed by the Classicals and Marx in order to confront modern issues of distribution, growth, finance, and crisis. The course will survey primary texts by the Classicals and Marx, as well as modern literature in this tradition in order to allow engagement with the cutting edge of this body of thought. The topics covered will include: the labor theory of value, Marxs theory of money, the tendencies of capitalist accumulation, social reproduction, the relationship of modern financial markets to the rest of the economy, the root causes of severe economic crises, and the possible limits of economic growth.
1330:W   ALTHSE 206
ECON 353-01 The Economics of Labor
Instructor: William Bellinger
Course Description:
An analysis of labor market issues and policies. Topics covered include discrimination, anti-discrimination policy, the minimum wage, health and safety policy, and other labor market policies and institutions. While the neoclassical approach dominates, other approaches will be explored. Prerequisite: 278 or permission of the instructor.
1030:MWF   ALTHSE 110
ECON 500-01 The Regulatory, Financial and Economic Aspects of Insurance
Instructor: William Bellinger
Course Description: