| ECON 111-01 |
Introduction to Microeconomics
Instructor: Anthony Underwood
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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09:30 AM-10:20 AM, MWF
ALTHSE 201 |
| ECON 111-02 |
Introduction to Microeconomics
Instructor: Anthony Underwood
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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10:30 AM-11:20 AM, MWF
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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01:30 PM-02:45 PM, MR
DENNY 317 |
| ECON 112-02 |
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, MR
DENNY 317 |
| ECON 112-03 |
Introduction to Macroeconomics
Instructor: Zhiyi Wei
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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09:00 AM-10:15 AM, TR
ALTHSE 201 |
| ECON 112-04 |
Introduction to Macroeconomics
Instructor: Zhiyi Wei
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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10:30 AM-11:45 AM, TR
ALTHSE 201 |
| ECON 222-01 |
Environmental Economics
Instructor: Sam Singh
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.
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10:30 AM-11:20 AM, MWF
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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03:00 PM-04:15 PM, TF
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.
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01:30 PM-04:30 PM, W
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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10:30 AM-11:45 AM, TR
ALTHSE 206 |
| ECON 268-01 |
Intermediate Macroeconomic Theory
Instructor: Zhiyi Wei
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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03:00 PM-04:15 PM, MR
ALTHSE 201 |
| ECON 278-01 |
Intermediate Microeconomic Theory
Instructor: Ye Jiang
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: Ye Jiang
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: 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.
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09:00 AM-10:15 AM, TR
ALTHSE 110 |
| ECON 298-01 |
Econometrics
Instructor: Emily Marshall
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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01:30 PM-02:45 PM, MR
STERN 11 |
| ECON 314-01 |
International Trade
Instructor: Sam Singh
Course Description:
Prerequisites: One or more of the core intermediate theory courses (268, 278, 288, 298) depending on the topic.
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11:30 AM-12:20 PM, MWF
ALTHSE 207 |
| ECON 314-02 |
Applied Empirical Data Analysis
Instructor: Steve Erfle
Course Description:
Cross-listed with INBM 300-01. 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 and APFT data from West Point Cadets. Various statistical software packages are used. The class culminates in presenting your own findings in a poster presentation that is open to the public.
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12:30 PM-03:30 PM, W
ALTHSE 204 |
| ECON 314-03 |
Empirical Finance
Instructor: Ye Jiang
Course Description:
This course is to use market data to develop models for financial analysis by using statistics, econometrics, and finance. The main goal of the course is to develop students' financial analytical and modeling skills in the fields of asset pricing and valuations, statistical methodology, the calibration and testing of the times series, and forecasting. Students will replicate and extend a series of stylized facts and studies regarding financial empirical analysis. Practical applications to problems of model specification, estimation, time-series analysis, and forecasting will be taught through a learning-by-doing approach.
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01:30 PM-02:45 PM, MR
STERN 103 |
| 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 |
Advanced Topics in 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
STERN 7 |
| ECON 496-02 |
Advanced Topics in 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, R
STERN 12 |
| ECON 496-03 |
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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01:30 PM-04:30 PM, W
ALTHSE 110 |
| ECON 500-01 |
Towards Climate Resilient Economics
Instructor: Anthony Underwood
Course Description:
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| ECON 550-01 |
An Analysis of the Contract Phenomena in Sports
Instructor: Emily Marshall
Course Description:
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| ECON 550-02 |
Consumerism and the Economy: Past, Present, and Future
Instructor: Anthony Underwood
Course Description:
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| ECON 550-03 |
A comprehensive analysis of Ethiopian migrants in the United States
Instructor: Emily Marshall
Course Description:
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| ECON 560-01 |
Economic research on developing countries
Instructor: Shamma Alam
Course Description:
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| ECON 560-02 |
Quantitative Reasoning Center Mission Analysis
Instructor: Emily Marshall
Course Description:
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| ECON 560-03 |
Behavioral Finance
Instructor: Emily Marshall
Course Description:
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