Faculty Profile

Andrew Farrant

Associate Professor of Economics (2005)

Contact Information

on sabbatical 2018-19: one semester spread over the academic year


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

2018-2019 Academic Year

Fall 2018

ECON 247 Money and Banking
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.

Spring 2019

ECON 112 Intro to Macroeconomics
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.

ECON 314 The Chilean Experiment
This course will explore the Allende years and Pinochet years in Chile. We primarily focus on the policy reforms that were adopted following the military coup in 1973. We also pay much attention to the policy errors which culminated in the collapse of the Chilean economy in the early 1980s. The course will especially focus on the merits of alternative exchange rate regimes. Similarly, we investigate the role that foreign advisers played in persuading key actors (e.g., Pinochet) to adopt policy reform.