Fall 2019

Course Code Title/Instructor Meets
ECON 111-01 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.
1500:TF   DENNY 317
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.
1330: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.
1500:MR   ALTHSE 201
ECON 111-04 Introduction to Microeconomics
Instructor: Behzod Ahundjanov
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 111-05 Introduction to Microeconomics
Instructor: Behzod Ahundjanov
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.
1030:TR   ALTHSE 08
ECON 111-06 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.
1030:MWF   EASTC 411
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.
1130:MWF   EASTC 411
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.
0900:TR   ALTHSE 207
ECON 214-01 Introduction to Economic Demography
Instructor: Anthony Underwood
Course Description:
Cross-listed with SOCI 230-01.Permission of Instructor Required.Part of the Carlisle Mosaic: People, Place and Policy. This mosaic course examines the economic and social determinants and consequences of population change, with a particular emphasis on Carlisle, Pennsylvania. Demography is concerned with effectively everything that influences or can be influenced by population size, population growth or decline, population processes, population spatial distribution, population structure, and population characteristics. As we go from the historical pattern of high birth and death rates to the increasingly common pattern of low birth and death rates, we pass through the demographic transition. This is actually a whole set of transitions relating to changes in health and mortality, fertility, migration, age structure, urbanization, and family and household structure. Each of these separate, but interrelated, changes have serious consequences for the way societies and economies function and the natural environment they are built upon. Often for familiarity and simplicity we will use data and readings focused on the United States. Since demographic transitions have evolved in ways that vary from one part of the nation (and world) to another we will determine to what degree Carlisle can be analyzed as a microcosm of these national/global patterns and when it cannot. Open only to students enrolled in the Carlisle Mosaic.
0930:MWF   ALTHSE 110
ECON 214-02 Public Finance
Instructor: Sohani Fatehin
Course Description:
This course explores issues related to expenditure and tax policies of governments, as well as views regarding the purpose of government and criteria for evaluating government actions. Various government expenditure programs, such as education and social security, and revenue sources, such as income taxes and property taxes, are then described and analyzed in light of the criteria. The course also includes a discussion of how a group or collective choices are made within society, how environmental policies affect the level of pollution, and the importance of public debt.
1130:MWF   DENNY 211
ECON 214-03 Sports Economics
Instructor: Behzod Ahundjanov, Stephen Erfle
Course Description:
Economic analysis of professional and amateur sports teams, leagues, and institutions. Topics include antitrust issues, public funding of sports venues, labor relations, referee/umpire bias, player drafts, athlete compensation, wagering markets, competitive balance, cheating, and the general application of economic principles to sport settings and events. Prerequisite: ECON 111.
1030:MWF   ALTHSE 201
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 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 247-01 Money and Banking
Instructor: Andrew Farrant
Course Description:
A study of the role of money and credit in the U.S. economy. The nature of money, the structure of the banking system in the context of a rapidly changing financial institutional environment, and the Federal Reserve System are examined. Various theories of money as guides to monetary policy are compared and contrasted. Neoclassical approaches will predominate, although some alternative approaches will be explored. Prerequisite: 112.
1330:TF   DENNY 317
ECON 268-01 Intermediate Macroeconomic Theory
Instructor: Anthony Underwood, Kara Riesing
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.
1330:MR   ALTHSE 110
ECON 268-02 Intermediate Macroeconomic Theory
Instructor: Anthony Underwood, Kara Riesing
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.
1500:MR   ALTHSE 110
ECON 278-01 Intermediate Microeconomic Theory
Instructor: Stephen Erfle
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:TF   ALTHSE 204
ECON 288-01 Contending Economic Perspectives
Instructor: Edward McPhail
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 207
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) 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)
1130:MWF   STERN 11
ECON 314-02 Economics of Labor
Instructor: Sohani Fatehin
Course Description:
The goal of this course is to enable you to use economic analysis and reasoning to understand wage and employment determination in U.S. labor markets. This goal can be achieved through careful reading, class lecture, and discussion. The course will expose you to important theoretical and applied topics in such areas as labor demand and supply, human capital (education and training), technological change, globalization, wage differentials, job mobility and migration, discrimination, earnings inequality, unemployment, labor unions, and public policy.
1230:MWF   DENNY 211
ECON 314-03 Economics of Disasters
Instructor: Anthony Underwood, Kara Riesing
Course Description:
The earthquake in Haiti, the tsunami in Japan, Hurricane Katrina in the US All of these natural disasters have one thing in common. They left behind them massive destruction. This course explores the economic aftereffects of natural disasters using models previously examined in principles and intermediate level classes. Readings in the class focus on a broad range of disasters and their effects on specific countries as well as the heterogeneous effects that disasters have on developed and developing countries. Prerequisites: ECON 268 or ECON 278 or ECON 298
1030:TR   STERN 11