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Faculty Profile

Andrew Farrant

Associate Professor of Economics (2005)

Contact Information

Althouse Hall Room 113


Teaching interests include: Monetary Theory and Policy, Political Economy, Microeconomics. Research interests include: Political Economy, British Economic History (1945-1951), 19th century Philosophic Radicalism.


  • B.S., University of London, 1996
  • M.A., George Mason University, 1998
  • Ph.D., 2003

2021-2022 Academic Year

Spring 2022

ECON 111 Intro to Microeconomics
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.

ECON 496 Topics Monetary Theory/Policy
Permission of instructor required.This course will examine a variety of topics which (among others) include the theory of the political business cycle, monetary policy under various exchange rate regimes, money as a network good, monetary policy at the zero bound, the fiscal theory of the price level, various alternatives to central banking (e.g., free banking, currency boards and dollarization), the logic of the time-consistency model, the operation of the classical gold standard, the question as whether private fiat-type currency is viable, the proposal for a ‘brick’ standard, the logic of the proposal for the separation of the unit of account and the medium of exchange (the B-F-H system and related proposals), the Chicago 100% plan, modern monetary theory (MMT), the Menger-Knapp debate over the origins of money, the question of policy credibility, theories of endogenous money, and the case for and against an independent central bank.