| 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.
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01:30 PM-02:45 PM, MR
ALTHSE 201 |
| 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.
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03:00 PM-04:15 PM, MR
ALTHSE 201 |
| 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.
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03:00 PM-04:15 PM, TF
DENNY 317 |
| ECON 112-02 |
Introduction to Macroeconomics
Instructor: Paul Ko
Course Description:
Permission of Instructor Required. 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.
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09:00 AM-10:15 AM, TR
ALTHSE 207 |
| ECON 112-03 |
Introduction to Macroeconomics
Instructor: Paul Ko
Course Description:
Permission of Instructor Required. 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.
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10:30 AM-11:45 AM, TR
ALTHSE 207 |
| ECON 226-01 |
Global Economy
Instructor: Shamma Alam
Course Description:
Cross-listed with INST 200-01.Permission of Instructor Required. The course introduces economic theory that builds on ideas from introductory microeconomics and macroeconomics. It uses that theory as a framework for examining developments in the changing global system. Developments include the revolution in information technology; the dynamics of human population growth; the implications of climate change; challenges to human security; and emerging patterns of organizational interdependence and collaboration. Those developments provide the context for business managers and for government officials responsible for shaping strategies and implementing policies.
Prerequisite: ECON 111 and 112; concurrent enrollment in ECON 112 by permission of the instructor. This course is cross-listed as INST 200.
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01:30 PM-02:45 PM, MR
ALTHSE 109 |
| ECON 230-01 |
Political Economy of Gender
Instructor: Ebru Kongar
Course Description:
Cross-listed with SOCI 227-01 and WGSS 202-01. Political Economy of Gender adopts a gender-aware perspective to examine how people secure their livelihoods through labor market and nonmarket work. The course examines the nature of labor market inequalities by gender, race, ethnicity and other social categories, how they are integrated with non-market activities, their wellbeing effects, their role in the macroeconomy, and the impact of macroeconomic policies on these work inequalities. These questions are examined from the perspective of feminist economics that has emerged since the early 1990s as a heterodox economics discourse, critical of both mainstream and gender-blind heterodox economics. While we will pay special attention to the US economy, our starting point is that there is one world economy with connections between the global South and the North, in spite of the structural differences between (and within) these regions.For ECON 230: ECON 111 (ECON 112 recommended); For SOCI 227: SOCI 110 or ECON 111; For WGSS 202: none (ECON 111 recommended) This course is cross-listed as SOCI 227 & WGSS 202.
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09:00 AM-10:15 AM, TR
ALTHSE 110 |
| ECON 240-01 |
International Development
Instructor: Shamma Alam
Course Description:
Cross-listed with INST 240-01 and INBM 300-07.Permission of Instructor Required. This course examines the challenges and strategies of economic development, with a detailed focus on how households behave. The goal is to provide an understanding of what life for poor households in developing countries is like, what can be done about it, and an idea of how valuable insights can be gained using standard economic tools and thinking. In addition to learning about theoretical models and real-life examples, we will spend significant time understanding recent research on development problems. Issues examined include: poverty measures, health issues such as HIV/AIDS, malaria, and undernutrition, economic growth, agriculture, land use, technology adoption, foreign aid, credits, child labor, child education, migration, and measures of inequality. Prerequisite: ECON 111 and 112. This course is cross-listed as INST 240.
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03:00 PM-04:15 PM, MR
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.
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01:30 PM-02:45 PM, TF
DENNY 317 |
| ECON 268-01 |
Intermediate Macroeconomic Theory
Instructor: 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.
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01:30 PM-02:45 PM, MR
ALTHSE 110 |
| 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.
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09:00 AM-10:15 AM, TR
ALTHSE 109 |
| ECON 278-02 |
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.
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10:30 AM-11:45 AM, TR
ALTHSE 109 |
| 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.
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01:30 PM-02:45 PM, TF
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)
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10:30 AM-11:20 AM, MWF
STERN 11 |
| ECON 332-01 |
Economics of Natural Resource Sustainability
Instructor: Nicky Tynan
Course Description:
This course uses microeconomics to analyze the use and conservation of natural resources, including energy, minerals, fisheries, forests, and water resources, among others. Broad themes include the roles of property rights, intergenerational equity, and sustainable development in an economy based on resource exploitation.
Prerequisite: 278. For ENST, ENSC and INST majors, prerequisite is ECON 222.
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12:30 PM-01:20 PM, MWF
ALTHSE 110 |
| ECON 353-01 |
The Economics of Labor
Instructor: Xiaozhou Ding
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.
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03:00 PM-04:15 PM, MR
ALTHSE 110 |
| 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.
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01:30 PM-02:45 PM, MR
ALTHSE 206 |
| 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.
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03:00 PM-04:15 PM, TF
ALTHSE 207 |
| ECON 398-01 |
Advanced Econometrics
Instructor: Anthony Underwood
Course Description:
This course covers some advanced topics in applied econometrics. Students will apply multiple regression analysis to both cross-sectional and longitudinal (panel) data to familiarize students with a variety of advanced econometric techniques including instrumental variable analysis, differences-in-differences methods, limited dependent variable models, and dynamic panel analysis. Students will conduct individual 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. We will cover elements of technical writing, reviewing existing literature, data collection and organization, and file management for complete transparency and reproducibility.
Prerequisites: 268 or 278, and 298.
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01:30 PM-02:45 PM, TF
STERN 11 |
| ECON 496-01 |
Behavioral Economics
Instructor: Tricia Hawks
Course Description:
Permission of instructor required. Why do people fail to save enough for retirement, even when investment vehicles are made easily available, often through employer or government-based programs? Why do consumers make purchases that reduce utility even when superior options are accessible? Why do buyers rely on poor information yet often argue that their information is valid; and why do these same consumers make predictable mistakes in assessing risk, recognizing framing issues, avoiding the endowment effect, or allowing mental accounting to drive suboptimal behavior? In this course we will look at the chronological development of behavioral economics and read the seminal articles dealing with issues such as time-preferences, insufficient savings, risk assessment, base -rate neglect, the Ellsberg paradox and other topics. Emphasis will be on how these 'failures' of individuals to act 'economically' pose challenges to economic modeling. Each student will select one topic to explore in greater depth for a brief research paper and presentation.
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01:30 PM-04:30 PM, T
ALTHSE 206 |
| ECON 496-02 |
Political Economy of Health
Instructor: Ebru 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.
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10:30 AM-11:45 AM, TR
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 covers 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.
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01:30 PM-04:30 PM, W
ALTHSE 110 |
| ECON 550-01 |
Economics Honors Thesis
Instructor: Xiaozhou Ding
Course Description:
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| ECON 560-01 |
Updated Dickinson College Economic Impact Statement
Instructor: Anthony Underwood
Course Description:
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