Fall 2021

Course Code Title/Instructor Meets
ECON 111-01 Introduction to Microeconomics
Instructor: Xiaozhou Ding
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.
09:00 AM-10:15 AM, TR
ALTHSE 08
ECON 111-02 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.
01:30 PM-02:45 PM, TF
DENNY 317
ECON 111-03 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.
03:00 PM-04:15 PM, TF
DENNY 317
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.
01:30 PM-02:45 PM, MR
ALTHSE 204
ECON 111-05 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.
03:00 PM-04:15 PM, MR
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.
08:30 AM-09:20 AM, MWF
ALTHSE 207
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.
09:30 AM-10:20 AM, MWF
ALTHSE 207
ECON 222-01 Environmental Economics
Instructor: Nicky 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.
09:30 AM-10:20 AM, MWF
ALTHSE 110
ECON 222-02 Environmental Economics
Instructor: Nicky 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.
10:30 AM-11:20 AM, MWF
ALTHSE 110
ECON 268-01 Intermediate Macroeconomic Theory
Instructor: Paul Ko
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.
01:30 PM-02:45 PM, TF
ALTHSE 08
ECON 268-02 Intermediate Macroeconomic Theory
Instructor: Paul Ko
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.
03:00 PM-04:15 PM, TF
ALTHSE 08
ECON 278-01 Intermediate Microeconomic Theory
Instructor: Xiaozhou Ding
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.
10:30 AM-11:45 AM, TR
ALTHSE 109
ECON 288-01 Contending Economic Perspectives
Instructor: Ebru 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.
09:00 AM-10:15 AM, TR
ALTHSE 110
ECON 288-02 Contending Economic Perspectives
Instructor: Ebru 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.
10:30 AM-11:45 AM, TR
ALTHSE 110
ECON 298-01 Econometrics
Instructor: Anthony Underwood
Course Description:
This course is an introduction to econometrics in which the tools of economic theory, mathematics, and statistical inference are applied to the analysis of economic data. Students will develop foundational knowledge of applied statistics and econometrics through exploration of empirical techniques relevant to quantitative economics including probability, estimation, hypothesis testing, correlation, modeling, simple and multiple linear regression analysis, and time series analysis. In addition, this course will cover basic extensions of a multiple linear regression model such as dummy variables and interaction terms. Students will use Stata, or other statistical analysis software widely used in economics, to understand and apply empirical work.Prerequisite: 111, 112, MATH 170, and MATH 121 (or INBM 220 or MATH 225)
09:30 AM-10:20 AM, MWF
STERN 11
ECON 298-02 Econometrics
Instructor: Anthony Underwood
Course Description:
This course is an introduction to econometrics in which the tools of economic theory, mathematics, and statistical inference are applied to the analysis of economic data. Students will develop foundational knowledge of applied statistics and econometrics through exploration of empirical techniques relevant to quantitative economics including probability, estimation, hypothesis testing, correlation, modeling, simple and multiple linear regression analysis, and time series analysis. In addition, this course will cover basic extensions of a multiple linear regression model such as dummy variables and interaction terms. Students will use Stata, or other statistical analysis software widely used in economics, to understand and apply empirical work.Prerequisite: 111, 112, MATH 170, and MATH 121 (or INBM 220 or MATH 225)
10:30 AM-11:20 AM, MWF
STERN 11
ECON 314-01 International Monetary Economics
Instructor: Andrew Farrant
Course Description:
This course will examine a variety of topics including the theory of interest parity, economic policy under various exchange rate regimes, the classical gold standard, policy credibility and international policy credibility, currency boards, dollarization, and currency crises past and present.
03:00 PM-04:15 PM, MR
DENNY 317
ECON 314-02 A Tale of Two Recessions: 2008 and 2020
Instructor: Emily Marshall
Course Description:
Cross-listed with INBM 300-05. This course compares the two most recent U.S. recessions: the Great Recession of 2007-09 and the COVID-19 recession of 2020. Special attention is paid to the housing bubble that preceded the Great Recession and how the crisis in the housing sector spread to the rest of the economy. The causes of the COVID-19 recession are then compared to those of the Great Recession. Furthermore, the responses of monetary, fiscal, and regulatory policies are explored in depth for both recessions. The disappointing rate of recovery after the official end of the Great Recession and the persistently high unemployment rate due to the COVID-19 recession are also explored. This course focuses on refining students quantitative (theoretical and empirical) skills and applying them to recent macroeconomic events. Both recessions are extraordinarily complex. Concepts and methodologies from diverse areas, including macroeconomics, microeconomics, law, finance, political science, and other disciplines, contribute to understanding these phenomena. Students will write a research paper that draws on existing tools-based knowledge from prerequisite courses and examines a topic related to the Great Recession and/or COVID-19 recession that the course does not cover in detail.
09:00 AM-10:15 AM, TR
ALTHSE 206
ECON 314-03 A Tale of Two Recessions: 2008 and 2020
Instructor: Emily Marshall
Course Description:
Cross-listed with INBM 300-06. This course compares the two most recent U.S. recessions: the Great Recession of 2007-09 and the COVID-19 recession of 2020. Special attention is paid to the housing bubble that preceded the Great Recession and how the crisis in the housing sector spread to the rest of the economy. The causes of the COVID-19 recession are then compared to those of the Great Recession. Furthermore, the responses of monetary, fiscal, and regulatory policies are explored in depth for both recessions. The disappointing rate of recovery after the official end of the Great Recession and the persistently high unemployment rate due to the COVID-19 recession are also explored. This course focuses on refining students quantitative (theoretical and empirical) skills and applying them to recent macroeconomic events. Both recessions are extraordinarily complex. Concepts and methodologies from diverse areas, including macroeconomics, microeconomics, law, finance, political science, and other disciplines, contribute to understanding these phenomena. Students will write a research paper that draws on existing tools-based knowledge from prerequisite courses and examines a topic related to the Great Recession and/or COVID-19 recession that the course does not cover in detail.
10:30 AM-11:45 AM, TR
ALTHSE 206
ECON 371-01 British and European Economic History
Instructor: Nicky Tynan
Course Description:
Rapid economic development took off in Britain during the eighteenth century. What were the causes and consequences of this first Industrial Revolution? Why did it take place in Britain and not France or other European country? Technological change, along with rapid population growth and migration, resulted in uneven distributional outcomes within and between countries. This course will cover important questions in British and European economic history. Readings will focus on improvements in living standards and efforts made to address unequal outcomes with an emphasis on the impact of industrial development and institutional change. This course may be taught as a Writing in the Discipline or standard elective. Quantitative Economics majors may elect to write an empirical research paper. Prerequisites: 268 and 278. Recommended: 288.
01:30 PM-02:45 PM, MR
ALTHSE 201
ECON 373-01 History of Economic Thought
Instructor: Edward McPhail
Course Description:
This course provides an appraisal of the origins and evolution of selected economic theories, primarily through the works of great economists of the past. Past economic works are analyzed in their theoretical and historical context. Prerequisites: 268, 278 and 288.
10:30 AM-11:20 AM, MWF
ALTHSE 207
ECON 500-01 Applied Econometrics: Understanding the Impact of Shocks in Developing Countries
Instructor: Shamma Alam
Course Description:

ECON 550-01 Empirical Evidence of Herding Behavior in U.S. Stock Market During Financial Crisis
Instructor: Anthony Underwood
Course Description:

ECON 560-01 Teaching Reproducible Methods in Economics at Liberal Arts Colleges
Instructor: Anthony Underwood
Course Description:

ECON 560-02 Understanding the Impact of Covid-19 on Health Outcomes
Instructor: Shamma Alam
Course Description: