Class Schedules

Accounting is the language of business. One of the objectives of this course is to learn that "language." The emphasis will be on understanding financial statements both for profit and non-profit organizations. International accounting, ethics and investment decisions are also covered. This course is designed for students who desire an understanding of the elements of accounting as a component of a liberal arts education as well as for those who would like to study further in accounting or business. This course counts as a Group B elective.

General Education Requirements:

Distribution Requirements:

Course Materials

Accounting is the language of business. One of the objectives of this course is to learn that "language." The emphasis will be on understanding financial statements both for profit and non-profit organizations. International accounting, ethics and investment decisions are also covered. This course is designed for students who desire an understanding of the elements of accounting as a component of a liberal arts education as well as for those who would like to study further in accounting or business. This course counts as a Group B elective.

General Education Requirements:

Distribution Requirements:

Course Materials

Economics is the study of how people make decisions and how these decisions apply to real-world problems. Economics can help us understand income inequality within and across countries, the quality of the environment, unemployment, poverty, crime, health care, financial crises, technological change, inflation and many more issues. This course introduces the basic tools that economists use to explore these topics and will cover fundamental economic concepts like scarcity, supply and demand, costs and benefits, trade-offs, and incentives. This course is a one semester overview of both microeconomics (the study of choices firms and individual consumers make) and macroeconomics (the study of the economy as a whole). This course counts as a Group E economics course and is the prerequisite for 200-level E courses in the Economics Department.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

Economics is the study of how people make decisions and how these decisions apply to real-world problems. Economics can help us understand income inequality within and across countries, the quality of the environment, unemployment, poverty, crime, health care, financial crises, technological change, inflation and many more issues. This course introduces the basic tools that economists use to explore these topics and will cover fundamental economic concepts like scarcity, supply and demand, costs and benefits, trade-offs, and incentives. This course is a one semester overview of both microeconomics (the study of choices firms and individual consumers make) and macroeconomics (the study of the economy as a whole). This course counts as a Group E economics course and is the prerequisite for 200-level E courses in the Economics Department.

General Education Requirements:
Writing WP
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

Economics is the study of how people make decisions and how these decisions apply to real-world problems. Economics can help us understand income inequality within and across countries, the quality of the environment, unemployment, poverty, crime, health care, financial crises, technological change, inflation and many more issues. This course introduces the basic tools that economists use to explore these topics and will cover fundamental economic concepts like scarcity, supply and demand, costs and benefits, trade-offs, and incentives. This course is a one semester overview of both microeconomics (the study of choices firms and individual consumers make) and macroeconomics (the study of the economy as a whole). This course counts as a Group E economics course and is the prerequisite for 200-level E courses in the Economics Department.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

Economics is the study of how people make decisions and how these decisions apply to real-world problems. Economics can help us understand income inequality within and across countries, the quality of the environment, unemployment, poverty, crime, health care, financial crises, technological change, inflation and many more issues. This course introduces the basic tools that economists use to explore these topics and will cover fundamental economic concepts like scarcity, supply and demand, costs and benefits, trade-offs, and incentives. This course is a one semester overview of both microeconomics (the study of choices firms and individual consumers make) and macroeconomics (the study of the economy as a whole). This course counts as a Group E economics course and is the prerequisite for 200-level E courses in the Economics Department.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

Economics is the study of how people make decisions and how these decisions apply to real-world problems. Economics can help us understand income inequality within and across countries, the quality of the environment, unemployment, poverty, crime, health care, financial crises, technological change, inflation and many more issues. This course introduces the basic tools that economists use to explore these topics and will cover fundamental economic concepts like scarcity, supply and demand, costs and benefits, trade-offs, and incentives. This course is a one semester overview of both microeconomics (the study of choices firms and individual consumers make) and macroeconomics (the study of the economy as a whole). This course counts as a Group E economics course and is the prerequisite for 200-level E courses in the Economics Department.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

Economics is the study of how people make decisions and how these decisions apply to real-world problems. Economics can help us understand income inequality within and across countries, the quality of the environment, unemployment, poverty, crime, health care, financial crises, technological change, inflation and many more issues. This course introduces the basic tools that economists use to explore these topics and will cover fundamental economic concepts like scarcity, supply and demand, costs and benefits, trade-offs, and incentives. This course is a one semester overview of both microeconomics (the study of choices firms and individual consumers make) and macroeconomics (the study of the economy as a whole). This course counts as a Group E economics course and is the prerequisite for 200-level E courses in the Economics Department.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

An introduction to the basic tools of micro- and macroeconomic analysis in a math intensive way. Microeconomics deals with consumers, firms, markets and income distribution. Macroeconomics deals with national income, employment, inflation and money. Compared to ECON 119, this class requires calculus to learn economic models and conduct economic analysis, although the two classes cover the same economic concepts and theories. This course counts as a Group E elective. Prerequisite(s): MATH 135 or a qualifying AP Calculus score.

General Education Requirements:
Writing WA
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

This course presents a broad overview of world economic history. It uses concepts and models developed in Principles of Economics to explore how the interplay between geography, institutions, and technology has influenced material living standards from the Stone Age to the present. In particular, we will study the causes and consequences of long-term structural forces such as the agriculture, industrial and informational revolutions, the Malthusian trap and demographic transition, slavery, globalization, and the rise of government. We will also explore more cyclical phenomena such as wars, financial crises, economic depressions and hyper-inflations. Students will learn how economic historians use evidence to make sense of the past and the role economic history plays in guiding current policy debates. This course counts as a Group E elective. Prerequisite(s): ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:
Internationalism

Distribution Requirements:
Social science

Course Materials

This course presents a broad overview of world economic history. It uses concepts and models developed in Principles of Economics to explore how the interplay between geography, institutions, and technology has influenced material living standards from the Stone Age to the present. In particular, we will study the causes and consequences of long-term structural forces such as the agriculture, industrial and informational revolutions, the Malthusian trap and demographic transition, slavery, globalization, and the rise of government. We will also explore more cyclical phenomena such as wars, financial crises, economic depressions and hyper-inflations. Students will learn how economic historians use evidence to make sense of the past and the role economic history plays in guiding current policy debates. This course counts as a Group E elective. Prerequisite(s): ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:
Internationalism

Distribution Requirements:
Social science

Course Materials

Combustion of fossil fuels produces carbon dioxide, which traps energy near Earth's surface and leads to warmer average global temperatures. Combustion of fossil fuels also forms the backbone of the modern economy. This team-taught course provides a framework in which to consider the costs and benefits of fossil fuel consumption in the present and over the coming decades and centuries. We use concepts from climate science and environmental economics to evaluate existing and proposed policy interventions designed to reduce fossil fuel consumption, and consider possible technological solutions to slow or reverse climate change. Among our main approaches are state-of-the-art Integrated Assessment Models; students will be exposed to several of the most commonly used models and to research from their critics. This course counts as a Group E elective. Students signing up for the course as Economics will get credit toward the social sciences general distribution requirement; those signing up for the course as Environmental Studies will get credit toward the natural sciences and mathematics general distribution requirement. Prerequisite(s): ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

This course focuses on theories and applications of Entrepreneurship to identify opportunities and solve problems around the world. Students will learn contemporary methodologies used in startup companies and early stage organizations including: Lean Startup and Human Centered Design methodologies and the Business Model Canvas framework. Students spend the semester working in teams to apply the methodologies to identify a problem and develop a solution. For their final project students will prepare a plan for their solution and present it to an external audience. This course is open to those who are interested in social entrepreneurship as well. This course counts as a Group B elective. Note: Not available to students who took Social Entrepreneurship during the fall 2016 semester. Prerequisite(s): ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course will examine food distribution, production, policy, and hunger issues from an economics perspective. It explores and compares food and agriculture issues in both industrialized and developing countries. Basic economic tools will be applied to provide an analytical understanding of these issues. Topics such as hunger and nutrition, US farm policy, food distribution, food security, food aid, biotechnology and the Green Revolution, the connection between food production and health outcomes, as well as other related themes will be explored in depth throughout the semester. This course counts as a Group E elective. Prerequisite(s): ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course uses economic theory to explore how gender differences lead to different economic outcomes for men and women, both within families and in the marketplace. Topics include applications of economic theory to 1) aspects of family life including marriage, cohabitation, fertility, and divorce, and 2) the interactions of men and women in firms and in markets. The course will combine theory, empirical work, and analysis of economic policies that affect men and women differently. This course counts as a Group E elective. Prerequisite(s): ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course will primarily focus on equity securities analysis (stocks) from the perspective of institutional (Wall Street) investors. Topics will include industry analysis and forecasting, financial statement analysis, fundamental company analysis and valuation methods. Students will form industry groups and will each research a company in that industry. Students will build complete historical and projected financial statement models in Excel. The end product of the course will be a company report written by each student. This course counts as a Group B elective. Prerequisite(s): ECON 113

General Education Requirements:

Distribution Requirements:

Course Materials

In microeconomics, we study how individuals make economic choices. We pose questions like: What influences consumers' purchasing decisions? Will firms replace employees with machines if the minimum wage increases? How do concentrated markets (e.g., airlines, Amazon) affect consumers? If a firm can set different prices for different consumers, what set of prices will be optimal? How do risk and uncertainty affect investment decisions? What is the efficient amount of pollution? What role should governments play in providing resources for public goods like parks? In this course, we derive models of constrained choice to examine fundamental tradeoffs faced by individuals, firms, and governments when making economic decisions and to determine how such decisions influence market outcomes and well-being. This course counts as a Group E elective. Prerequisite(s): MATH 135 or MATH 137, and one 200-level Economics course from Group E electives. Not open to first-year students except by permission of the instructor. C- or higher required for all prerequisites.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

In microeconomics, we study how individuals make economic choices. We pose questions like: What influences consumers' purchasing decisions? Will firms replace employees with machines if the minimum wage increases? How do concentrated markets (e.g., airlines, Amazon) affect consumers? If a firm can set different prices for different consumers, what set of prices will be optimal? How do risk and uncertainty affect investment decisions? What is the efficient amount of pollution? What role should governments play in providing resources for public goods like parks? In this course, we derive models of constrained choice to examine fundamental tradeoffs faced by individuals, firms, and governments when making economic decisions and to determine how such decisions influence market outcomes and well-being. This course counts as a Group E elective. Prerequisite(s): MATH 135 or MATH 137, and one 200-level Economics course from Group E electives. Not open to first-year students except by permission of the instructor. C- or higher required for all prerequisites.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

This course will introduce students to microeconomics based, dynamic general equilibrium models of the aggregate economy. These models will be used to address the three main questions of macroeconomics: What causes long-term economic growth to vary over time and across countries? Which forces drive fluctuations in economic activity and inflation throughout the business cycle? What role, if any, do monetary and fiscal policy play in fostering economic growth and minimizing economic fluctuations? This is one of the four courses required for the economics major. Prerequisite(s): ECON 361 or permission of instructor. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course will introduce students to microeconomics based, dynamic general equilibrium models of the aggregate economy. These models will be used to address the three main questions of macroeconomics: What causes long-term economic growth to vary over time and across countries? Which forces drive fluctuations in economic activity and inflation throughout the business cycle? What role, if any, do monetary and fiscal policy play in fostering economic growth and minimizing economic fluctuations? This is one of the four courses required for the economics major. Prerequisite(s): ECON 361 or permission of instructor. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Econometrics is the theory and practice of analyzing economic data. We investigate and implement methods economists use to test theories, evaluate and establish causal inference, and conduct economic forecasts. Students learn to design, conduct, and evaluate empirical work in economics and other social sciences. We apply acquired skills through a final research project that integrates secondary research, economic theory, and econometric analysis. We take a "hands on" approach by practicing each week's material in the Economics Department's computer lab. This course counts as a Group E elective. Prerequisite(s): ECON 361; and one of the following: STAT 155 or GEOG 378 or PSYC 201. A grade of C- or higher required for all prerequisites.

General Education Requirements:
Writing WA

Distribution Requirements:
Social science

Course Materials

Econometrics is the theory and practice of analyzing economic data. We investigate and implement methods economists use to test theories, evaluate and establish causal inference, and conduct economic forecasts. Students learn to design, conduct, and evaluate empirical work in economics and other social sciences. We apply acquired skills through a final research project that integrates secondary research, economic theory, and econometric analysis. We take a "hands on" approach by practicing each week's material in the Economics Department's computer lab. This course counts as a Group E elective. Prerequisite(s): ECON 361; and one of the following: STAT 155 or GEOG 378 or PSYC 201. A grade of C- or higher required for all prerequisites.

General Education Requirements:
Writing WA

Distribution Requirements:
Social science

Course Materials

Econometrics is the theory and practice of analyzing economic data. We investigate and implement methods economists use to test theories, evaluate and establish causal inference, and conduct economic forecasts. Students learn to design, conduct, and evaluate empirical work in economics and other social sciences. We apply acquired skills through a final research project that integrates secondary research, economic theory, and econometric analysis. We take a "hands on" approach by practicing each week's material in the Economics Department's computer lab. This course counts as a Group E elective. Prerequisite(s): ECON 361; and one of the following: STAT 155 or GEOG 378 or PSYC 201. A grade of C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Econometrics is the theory and practice of analyzing economic data. We investigate and implement methods economists use to test theories, evaluate and establish causal inference, and conduct economic forecasts. Students learn to design, conduct, and evaluate empirical work in economics and other social sciences. We apply acquired skills through a final research project that integrates secondary research, economic theory, and econometric analysis. We take a "hands on" approach by practicing each week's material in the Economics Department's computer lab. This course counts as a Group E elective. Prerequisite(s): ECON 361; and one of the following: STAT 155 or GEOG 378 or PSYC 201. A grade of C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Multinational corporations are a primary driver of the rapid globalization of the world economy that we have witnessed in the past couple of decades. This course is comprised of two primary elements: 1) a theoretical component that introduces the more advanced theories of international trade and foreign direct investment (FDI) and 2) an applied component that discusses the role of multinational corporations and exporters in shaping globalization. The theories developed in this class expose students to the current paradigm in the international trade and FDI literatures focused on heterogeneous firm-level analysis. These derivations provide a sound platform from which to evaluate the causes and consequences of international trade and FDI and provide a natural transition for contemplating the role of exporting firms and multinational corporations in shaping globalization. Throughout this applied component of the course, we will examine issues, such as the role of productivity and diversity in entering foreign markets, the labor market effects in home and host countries, the correlation with economic development and inequality, convergence or polarization of global cultures, and issues related to international trade policy and transportation. This course counts as a Group E elective. It is a capstone course. Prerequisite(s): ECON 361, ECON 371 and ECON 381, all earned with a minimum grade of C-.

General Education Requirements:
Writing WP
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

An honors seminar to enhance the senior capstone requirement. This course counts as a Group E elective. It is a capstone course. Prerequisite(s): Permission of instructor required.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course concentrates on developing and applying economic principles to the decision making process of the firm. Typically the course is taught from the viewpoint of the financial manager of a firm (profit or non-profit). Traditional corporate finance topics will be covered, including: cash flow management, sources of capital, capital budgeting, cost of capital, and financial structure. Recent theoretical developments in the capital asset pricing model and portfolio theory also will be examined. Actual case studies of financial decision making often are included in the course.  This course counts as a Group E elective. Prerequisite(s): ECON 113, ECON 361 and ECON 381. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course surveys recent developments in behavioral economics and considers applications in labor economics, macroeconomics, finance, public finance, consumer choice, and other areas. Our goal is to draw on recent work in cognitive and evolutionary psychology to better understand human behavior and incorporate these insights into neoclassical reasoning and modeling. This course counts towards the capstone.  This course counts as a Group E elective. Prerequisite(s): ECON 361 and ECON 371. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Accounting is the language of business. One of the objectives of this course is to learn that "language." The emphasis will be on understanding financial statements both for profit and non-profit organizations. International accounting, ethics and investment decisions are also covered. This course is designed for students who desire an understanding of the elements of accounting as a component of a liberal arts education as well as for those who would like to study further in accounting or business. This course counts as a Group B elective.

General Education Requirements:

Distribution Requirements:

Course Materials

Accounting is the language of business. One of the objectives of this course is to learn that "language." The emphasis will be on understanding financial statements both for profit and non-profit organizations. International accounting, ethics and investment decisions are also covered. This course is designed for students who desire an understanding of the elements of accounting as a component of a liberal arts education as well as for those who would like to study further in accounting or business. This course counts as a Group B elective.

General Education Requirements:

Distribution Requirements:

Course Materials

Economics is the study of how people make decisions and how these decisions apply to real-world problems. Economics can help us understand income inequality within and across countries, the quality of the environment, unemployment, poverty, crime, health care, financial crises, technological change, inflation and many more issues. This course introduces the basic tools that economists use to explore these topics and will cover fundamental economic concepts like scarcity, supply and demand, costs and benefits, trade-offs, and incentives. This course is a one semester overview of both microeconomics (the study of choices firms and individual consumers make) and macroeconomics (the study of the economy as a whole). This course counts as a Group E economics course and is the prerequisite for 200-level E courses in the Economics Department.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Economics is the study of how people make decisions and how these decisions apply to real-world problems. Economics can help us understand income inequality within and across countries, the quality of the environment, unemployment, poverty, crime, health care, financial crises, technological change, inflation and many more issues. This course introduces the basic tools that economists use to explore these topics and will cover fundamental economic concepts like scarcity, supply and demand, costs and benefits, trade-offs, and incentives. This course is a one semester overview of both microeconomics (the study of choices firms and individual consumers make) and macroeconomics (the study of the economy as a whole). This course counts as a Group E economics course and is the prerequisite for 200-level E courses in the Economics Department.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Economics is the study of how people make decisions and how these decisions apply to real-world problems. Economics can help us understand income inequality within and across countries, the quality of the environment, unemployment, poverty, crime, health care, financial crises, technological change, inflation and many more issues. This course introduces the basic tools that economists use to explore these topics and will cover fundamental economic concepts like scarcity, supply and demand, costs and benefits, trade-offs, and incentives. This course is a one semester overview of both microeconomics (the study of choices firms and individual consumers make) and macroeconomics (the study of the economy as a whole). This course counts as a Group E economics course and is the prerequisite for 200-level E courses in the Economics Department.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Economics is the study of how people make decisions and how these decisions apply to real-world problems. Economics can help us understand income inequality within and across countries, the quality of the environment, unemployment, poverty, crime, health care, financial crises, technological change, inflation and many more issues. This course introduces the basic tools that economists use to explore these topics and will cover fundamental economic concepts like scarcity, supply and demand, costs and benefits, trade-offs, and incentives. This course is a one semester overview of both microeconomics (the study of choices firms and individual consumers make) and macroeconomics (the study of the economy as a whole). This course counts as a Group E economics course and is the prerequisite for 200-level E courses in the Economics Department.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course explores the theoretical foundations and empirical realities of international trade flows, commercial policies (tariffs, quotas, etc.) and international finance. The course emphasizes the welfare implications of international trade and commercial policies and links these to discussion of disputes over international trade agreements. The international finance portion of the course covers the foreign exchange market, balance of payments analysis and an introduction to open economy macroeconomics. Recommended for students majoring in international studies. This course counts as a Group E elective. Prerequisite(s): ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course explores the theoretical foundations and empirical realities of international trade flows, commercial policies (tariffs, quotas, etc.) and international finance. The course emphasizes the welfare implications of international trade and commercial policies and links these to discussion of disputes over international trade agreements. The international finance portion of the course covers the foreign exchange market, balance of payments analysis and an introduction to open economy macroeconomics. Recommended for students majoring in international studies. This course counts as a Group E elective. Prerequisite(s): ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course examines the workings of economic systems from the perspective of the incentives facing the firm and consumer. The course provides an introduction to the economics of information and organization which is used to evaluate resource allocation under the specific institutional environment of different economic systems. Our understanding of the incentive system is then used to evaluate the overall economic system. The focus of the course is primarily on the U.S. economy, Japan and the former Soviet Union/Russia. As time permits the course may examine China, Germany and Central Europe. This course counts as a Group E elective. Prerequisite(s): ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course studies the economics of public policy toward the environment. We begin by examining the problem of market failure in the presence of externalities and public goods. Then, we consider public policy responses to these market failures, including command-and-control regulations, tax and subsidy incentives, marketable pollution permits, voluntary programs, and information as regulation. We consider these policies in contexts such as local pollution, climate change, threats to biodiversity, environmental justice, international trade, and development. In addition, we learn how to measure the costs and benefits of pollution control.  By the end of the semester, you will learn how economists think about environmental problems, understand the advantages and disadvantages of a range of environmental policies, be able to conduct a cost-benefit analysis, and have a complete economic analysis of an environmental problem. This course counts as a Group E elective. Prerequisite(s): ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

The course provides an introduction to financial markets, the banking system, monetary theory and policy, and financial crises. Our approach combines empirics and modeling to understand the importance of monetary policy over the aggregate economy, the banking sector, and financial markets. This course counts as a Group E elective. Prerequisite(s): ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Deals is a unique class. Nearly all class sessions are taught by former Macalester students, most of whom graduated with an Economics major. These guest professors generally share their post-Macalester career and educational journey with you, then spend more time talking about their current or most recent business venture (some might be nonprofit), and then focus on a particular transaction or "deal".  Many of the presentations will be finance-oriented.  Students in Deals are evaluated in four ways, 1) by class participation, including class lunches or dinners with guest speakers, 2) by short write-ups of the guest speaker presentations, 3) by an exam, and, 4) by a research paper related to a topic raised by a guest speaker. This course counts as a Group B elective. Prerequisite(s): ECON 113; ECON 119 or ECON 129; and one additional economics course. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:

Course Materials

The structure, operation, regulation and economic role of financial markets and institutions; fundamental security analysis and present-value techniques; forecasts of earnings and analysis of yields on stocks and bonds; the portfolio theory and characteristic lines, betas and mutual-fund ratings; futures and options markets. This course counts as a Group E elective. Prerequisite(s): ECON 113; and ECON 119 or ECON 129. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

In microeconomics, we study how individuals make economic choices. We pose questions like: What influences consumers' purchasing decisions? Will firms replace employees with machines if the minimum wage increases? How do concentrated markets (e.g., airlines, Amazon) affect consumers? If a firm can set different prices for different consumers, what set of prices will be optimal? How do risk and uncertainty affect investment decisions? What is the efficient amount of pollution? What role should governments play in providing resources for public goods like parks? In this course, we derive models of constrained choice to examine fundamental tradeoffs faced by individuals, firms, and governments when making economic decisions and to determine how such decisions influence market outcomes and well-being. This course counts as a Group E elective. Prerequisite(s): MATH 135 or MATH 137, and one 200-level Economics course from Group E electives. Not open to first-year students except by permission of the instructor. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

In microeconomics, we study how individuals make economic choices. We pose questions like: What influences consumers' purchasing decisions? Will firms replace employees with machines if the minimum wage increases? How do concentrated markets (e.g., airlines, Amazon) affect consumers? If a firm can set different prices for different consumers, what set of prices will be optimal? How do risk and uncertainty affect investment decisions? What is the efficient amount of pollution? What role should governments play in providing resources for public goods like parks? In this course, we derive models of constrained choice to examine fundamental tradeoffs faced by individuals, firms, and governments when making economic decisions and to determine how such decisions influence market outcomes and well-being. This course counts as a Group E elective. Prerequisite(s): MATH 135 or MATH 137, and one 200-level Economics course from Group E electives. Not open to first-year students except by permission of the instructor. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course will introduce students to microeconomics based, dynamic general equilibrium models of the aggregate economy. These models will be used to address the three main questions of macroeconomics: What causes long-term economic growth to vary over time and across countries? Which forces drive fluctuations in economic activity and inflation throughout the business cycle? What role, if any, do monetary and fiscal policy play in fostering economic growth and minimizing economic fluctuations? This is one of the four courses required for the economics major. Prerequisite(s): ECON 361 or permission of instructor. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course will introduce students to microeconomics based, dynamic general equilibrium models of the aggregate economy. These models will be used to address the three main questions of macroeconomics: What causes long-term economic growth to vary over time and across countries? Which forces drive fluctuations in economic activity and inflation throughout the business cycle? What role, if any, do monetary and fiscal policy play in fostering economic growth and minimizing economic fluctuations? This is one of the four courses required for the economics major. Prerequisite(s): ECON 361 or permission of instructor. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Econometrics is the theory and practice of analyzing economic data. We investigate and implement methods economists use to test theories, evaluate and establish causal inference, and conduct economic forecasts. Students learn to design, conduct, and evaluate empirical work in economics and other social sciences. We apply acquired skills through a final research project that integrates secondary research, economic theory, and econometric analysis. We take a "hands on" approach by practicing each week's material in the Economics Department's computer lab. This course counts as a Group E elective. Prerequisite(s): ECON 361; and one of the following: STAT 155 or GEOG 378 or PSYC 201. A grade of C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Econometrics is the theory and practice of analyzing economic data. We investigate and implement methods economists use to test theories, evaluate and establish causal inference, and conduct economic forecasts. Students learn to design, conduct, and evaluate empirical work in economics and other social sciences. We apply acquired skills through a final research project that integrates secondary research, economic theory, and econometric analysis. We take a "hands on" approach by practicing each week's material in the Economics Department's computer lab. This course counts as a Group E elective. Prerequisite(s): ECON 361; and one of the following: STAT 155 or GEOG 378 or PSYC 201. A grade of C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Econometrics is the theory and practice of analyzing economic data. We investigate and implement methods economists use to test theories, evaluate and establish causal inference, and conduct economic forecasts. Students learn to design, conduct, and evaluate empirical work in economics and other social sciences. We apply acquired skills through a final research project that integrates secondary research, economic theory, and econometric analysis. We take a "hands on" approach by practicing each week's material in the Economics Department's computer lab. This course counts as a Group E elective. Prerequisite(s): ECON 361; and one of the following: STAT 155 or GEOG 378 or PSYC 201. A grade of C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Econometrics is the theory and practice of analyzing economic data. We investigate and implement methods economists use to test theories, evaluate and establish causal inference, and conduct economic forecasts. Students learn to design, conduct, and evaluate empirical work in economics and other social sciences. We apply acquired skills through a final research project that integrates secondary research, economic theory, and econometric analysis. We take a "hands on" approach by practicing each week's material in the Economics Department's computer lab. This course counts as a Group E elective. Prerequisite(s): ECON 361; and one of the following: STAT 155 or GEOG 378 or PSYC 201. A grade of C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course will extend beyond the conventional structure-conduct-performance framework of industrial organization to focus on the theoretical models that inform the discipline and their empirical applications. In particular, students will use microeconomics and game theory to study models of imperfect competition and understand the implications for consumer welfare. We will analyze firm behavior and strategic interactions such as price discrimination, predatory pricing, limit pricing and investment under different market structures. We will also discuss various public policies that affect the structure of markets and the behavior of firms, specifically regulation, deregulation and antitrust laws. This course counts as a Group E elective. It is a capstone course. Prerequisite(s): ECON 361 and ECON 381, or permission of instructor. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

By taking this course, students will learn to interpret and conduct technical economic analysis of public policies. Students will apply their knowledge of micro- and macroeconomic theory and econometrics to study the economics of controversial and important policies. Sample policy areas might include climate change, illegal drugs, health care, anti-poverty programs, affirmative action, income inequality, income redistribution via the tax system, public transit, immigration, education, gun control, and minimum or living-wage laws. While the course usually focuses on examples from the United States, it presents tools and frameworks that are applicable in any context. The course grade will be based on group and individual presentations and policy briefs relating to specific policies, at least one exam, homework sets, and a capstone-level research project. The project consists of a policy, econometric, or theoretical analysis of a public policy chosen by the student. This course counts as a Group E elective. It is a capstone course. Prerequisite(s): ECON 361, ECON 371, and ECON 381. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This class concentrates on applying econometric techniques and computer programming to empirically test major financial theories. The econometric techniques used in the class include but is not restricted to OLS, GLS, GMM, Maximum Likelihood method, Nonparametric method, panel data models (random effect model, fixed effect model, pooled regression, etc.), time series models (VAR, ARMA, ARMAX, GARCH, etc.). Main programming language used in the class is Matlab, while R and STATA may also be used occasionally. Major finance topics tested in the class include market efficiency, portfolio theory, stock selection models, market microstructure, anomalies in the financial markets, calendar effects, etc.  This course counts as a Group E elective and the capstone requirement. Prerequisite(s): ECON 356 and ECON 381, MATH 135 (or MATH 137) and MATH 236. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials