Class Schedules

This course will combine a theoretical background with hands-on experience that will permit a student to begin their career-long development of their leadership talent. The traditional model of a great leader was one that was tough, visionary and determined. Today scholars of leadership have argued that a great leader is self-aware, motivated, empathetic and skilled socially. Which model is right? Are there factors common to all great leaders? We will learn from Aristotle, Winston Churchill, Steve Jobs, Ernest Shackelton's ill-fated trip to the South Pole, and the latest scholarly research. Extensive use will be made of case studies from the Harvard MBA program and guest speakers. This course counts as a Group B elective.

General Education Requirements:

Distribution Requirements:

Course Materials

A one-semester introduction to the basic tools of micro- and macroeconomic analysis. Microeconomics deals with consumers, firms, markets and income distribution. Macroeconomics deals with national income, employment, inflation and money. This course counts as a Group E elective.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

A one-semester introduction to the basic tools of micro- and macroeconomic analysis. Microeconomics deals with consumers, firms, markets and income distribution. Macroeconomics deals with national income, employment, inflation and money. This course counts as a Group E elective.

General Education Requirements:
Quantitative Thinking Q3

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. C- or higher required for all prerequisites.

General Education Requirements:
Internationalism

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. C- or higher required for all prerequisites.

General Education Requirements:
Internationalism

Distribution Requirements:
Social science

Course Materials

This course will provide a one semester overview of investment banks. The role of equity capital markets, debt capital markets, research, sales and trading, and investment banking will be covered. Basic corporate finance techniques will be introduced. Current financial issues in the business world will be reviewed. Classroom work, case studies, and outside speakers will be utilized. The key objectives of this course are for students to obtain a solid understanding of the various disciplines within the investment banking field and to prepare themselves for interviews and internships. The course is well suited for students who are contemplating a career in investment banking, banking, or corporate finance. This course counts as a Group B elective. Prerequisite(s): ECON 113 and ECON 119. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:

Course Materials

A household living in poverty faces many barriers. These include access to food, health care, housing and education. Limited access to these resources could result in lifelong economic consequences. A number of Federal and state-level welfare programs have been designed to bridge these barriers through increasing households' income in a variety of ways. However, these programs are often inadequate and inaccessible. Using basic economic theory, this class will explore poverty and policy related to food security, health care, housing and education to determine if the needs of American low-income households are being met and if current Federal and state-level policy is sufficient to help households out of poverty. This course counts as a Group E elective. Prerequisite(s): ECON 119. C- or higher required for all prerequisites. This course counts as a Group E elective. Prerequisite: ECON 119 earned with a C- or higher.

General Education Requirements:
U.S. Identities and Differences

Distribution Requirements:
Social science

Course Materials

Methodology of economic science; theory of consumer behavior; theory of the firm; market structure and price determination; factor markets and income distribution; general equilibrium analysis; market failure. 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

Methodology of economic science; theory of consumer behavior; theory of the firm; market structure and price determination; factor markets and income distribution; general equilibrium analysis; market failure. 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 develops in detail theories of the determination of national income, employment and the price level. The foundations and mechanics of neo-classical and Keynesian models of the aggregate economy are studied and modern syntheses of these approaches are explored. Considerable attention will be paid to current behavior of the national economy. This course counts as a Group E elective. 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 investigates the methods economists use to test theories and conduct economic forecasts. This course will provide the student with the ability to design, conduct, and evaluate empirical work in economics and other social sciences. The primary focus of the course is on the final project that consists of a research paper that will integrate library research, economic theory, and econometric analysis. The course will take a "hands on" approach as much as possible with weekly use of the microcomputer in class. This course counts as a Group E elective. Prerequisite(s): ECON 361 and STAT 155.  C- or higher required for all prerequisites.

General Education Requirements:
Writing WA

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 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

A one-semester introduction to the basic tools of micro- and macroeconomic analysis. Microeconomics deals with consumers, firms, markets and income distribution. Macroeconomics deals with national income, employment, inflation and money. This course counts as a Group E elective.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

A one-semester introduction to the basic tools of micro- and macroeconomic analysis. Microeconomics deals with consumers, firms, markets and income distribution. Macroeconomics deals with national income, employment, inflation and money. This course counts as a Group E elective.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

A one-semester introduction to the basic tools of micro- and macroeconomic analysis. Microeconomics deals with consumers, firms, markets and income distribution. Macroeconomics deals with national income, employment, inflation and money. This course counts as a Group E elective.

General Education Requirements:
Quantitative Thinking Q3

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. C- or higher required for all prerequisites.

General Education Requirements:
Writing WA

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. C- or higher required for all prerequisites.

General Education Requirements:
Writing WP

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. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course develops in detail theories of the determination of national income, employment and the price level. The foundations and mechanics of neo-classical and Keynesian models of the aggregate economy are studied and modern syntheses of these approaches are explored. Considerable attention will be paid to current behavior of the national economy. This course counts as a Group E elective. 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 investigates the methods economists use to test theories and conduct economic forecasts. This course will provide the student with the ability to design, conduct, and evaluate empirical work in economics and other social sciences. The primary focus of the course is on the final project that consists of a research paper that will integrate library research, economic theory, and econometric analysis. The course will take a "hands on" approach as much as possible with weekly use of the microcomputer in class. This course counts as a Group E elective. Prerequisite(s): ECON 361 and STAT 155.  C- or higher required for all prerequisites.

General Education Requirements:
Writing WA

Distribution Requirements:
Social science

Course Materials

This course gives you a taste of what it's like to be an applied theoretical macroeconomist: we'll learn how to work with, solve, and parametrize dynamic stochastic general equilibrium (DSGE) models. These are the profession's workhorses and pretty much every macro paper published in a respectable journal has a DSGE model as a backbone. But we won't be doing theory for theory's sake; we'll build bridges between models and the real world so we can judge whether the models we use are accurate descriptions of reality. Once the tools are laid out, we'll survey papers written in the last years so that you know what researchers are writing about. This course counts as a Group E elective. It is a capstone course. Prerequisite(s): ECON 371 and ECON 381 (or permission of the instructor). C- or higher required for all prerequisites. [COURSE Q&A] Q: How is this course different from ECON 472? A: This course covers roughly 50% of the material in Advanced Macro. The goal is to give you the bare minimum tools to write a great macro paper; more specialized topics (e.g., Bayesian econometrics) can wait. Q: If we won't be doing Bayesian econometrics, why do you ask for ECON 381? A: Because Econometrics teaches you how to write a paper. Experience has shown me that it's pretty hard to learn (a) this course's macro toolkit and (b) how to write a research paper at the same time.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

A one-semester introduction to the basic tools of micro- and macroeconomic analysis. Microeconomics deals with consumers, firms, markets and income distribution. Macroeconomics deals with national income, employment, inflation and money. This course counts as a Group E elective.

General Education Requirements:
Writing WP
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

A one-semester introduction to the basic tools of micro- and macroeconomic analysis. Microeconomics deals with consumers, firms, markets and income distribution. Macroeconomics deals with national income, employment, inflation and money. This course counts as a Group E elective.

General Education Requirements:
Quantitative Thinking Q3

Distribution Requirements:
Social science

Course Materials

This course focuses on theories and applications of Entrepreneurship. Students will be exposed to the entrepreneurial mindset and will apply methodologies commonly used in startup companies and early stage organizations. During the Module, students will spend most of their time identifying problems, prototyping solutions, and determining the feasibility of their own ideas. Throughout the course, students will also have the opportunity to learn from and pitch to entrepreneurial Mac Alumni. Prerequisite(s): ECON 119 or permission of the instructor. C- or higher required for all prerequisites. Students who have taken INTL 294-02/SOCI 294-03: Intro to Social Entrepreneurship are not eligible for this course.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

If charitable giving were an industry, it would be one of the 25 largest in the U.S. by revenue. Philanthropy is vital to over 1.5 million not-for-profits and benefits all of us. This course will look at the role of philanthropy in society, how it works, and the benefits and drawbacks of philanthropic practices. We will look at the tax and legal aspects of giving and how organizations raise money, consider both the benefits and shortcomings of a society and economy that relies on a charitable sector, relate philanthropy to our own experiences and as part of the Macalester community, and have conversations with people engaged in various aspects of philanthropy, including not-for-profit executives, donors, and fundraisers. This course counts as an ECON B elective. No pre-requisites required.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Methodology of economic science; theory of consumer behavior; theory of the firm; market structure and price determination; factor markets and income distribution; general equilibrium analysis; market failure. 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

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

Business Negotiations will cover frameworks useful in negotiating business agreements, but the negotiating skills learned can be helpful in many settings.  Starting with the classic text "Getting to Yes", students in this course will learn to implement a principled approach to negotiating by focusing on the true interests of the negotiating parties, brainstorming to find ways to improve the outcome of all parties, and identifying and defusing the most common "dirty tricks" of unprincipled negotiators.  In class, students will practice negotiating each week, in a series of one-on-one and multi-party negotiating exercises.  Case studies will be discussed and alumni will be invited to share negotiating experiences. 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:
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

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:
Quantitative Thinking Q3

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. C- or higher required for all prerequisites.

General Education Requirements:
Internationalism

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. 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. 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. C- or higher required for all prerequisites.

General Education Requirements:
Internationalism

Distribution Requirements:
Social science

Course Materials

Since Adam Smith economists have assumed firms and consumers maximize their own self-interest and in doing so promote social welfare. Implicitly this approach assumes a limited, restrained government that permits agents to satisfy their aspirations via established property rights. As Freedom House has recently documented, however, most people in the world do not live under a form of government subject to these constraints. The majority of people on the planet live under some form of authoritarian government in which rulers are active or passive saboteurs of individual rights and liberties. How does economic behavior change when the “rules of the game” are selectively enforced, in flux and subject to the whims of the autocrat? This course examines the incentives, outcomes and creative mechanisms by which autocrats control, manipulate and coerce economic actors in their systems. This course counts as a Group E elective. Prerequisite(s): ECON 119. C- or higher required for all prerequisites. (4 credits).

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

In December 2010 street protests erupted in Tunisia and spread quickly throughout the Middle East. These popular political movements surprised not only the entrenched dictators of the region but also international observers who collectively had taken for granted the durability of Middle Eastern authoritarianism. The Arab Spring uprisings debunked the prevailing notion that Arab youth were disengaged from political life, as the one constant throughout the region was the role played by young people. Despite being the vanguard of the uprisings, young people did not play a significant role in the political and economic transitions that happened afterwards. This course examines the current economic challenges facing countries in the Middle East and North Africa in the context of the post-Arab Spring political economy of the region. In addition to exploring the economic causes and consequences of the Arab Spring, we will explore the interwoven relationships between colonial legacies, the economics of oil, international migration, demographic shifts, and the economics of war and peace. This course will be taught by the 2021/22 Hubert H. Humphrey Distinguished Visiting Professor. For questions about the course, please contact Economics Department Chair Sarah West at wests@macalester.edu. This course counts as a Group E elective. Prerequisite(s): ECON 119. C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

Planning is the key to business success. How do firms plan for the future? Setting objectives and budgets. Evaluating and rewarding employee performance. Controlling inventory, cash budgeting, and capital budgeting. Extensive use of case studies and group work. This course counts as a Group B elective. Prerequisite(s): ECON 113 (earned with C- or higher) or permission of instructor.

General Education Requirements:

Distribution Requirements:

Course Materials

Methodology of economic science; theory of consumer behavior; theory of the firm; market structure and price determination; factor markets and income distribution; general equilibrium analysis; market failure. 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 develops in detail theories of the determination of national income, employment and the price level. The foundations and mechanics of neo-classical and Keynesian models of the aggregate economy are studied and modern syntheses of these approaches are explored. Considerable attention will be paid to current behavior of the national economy. This course counts as a Group E elective. 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 develops in detail theories of the determination of national income, employment and the price level. The foundations and mechanics of neo-classical and Keynesian models of the aggregate economy are studied and modern syntheses of these approaches are explored. Considerable attention will be paid to current behavior of the national economy. This course counts as a Group E elective. 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 investigates the methods economists use to test theories and conduct economic forecasts. This course will provide the student with the ability to design, conduct, and evaluate empirical work in economics and other social sciences. The primary focus of the course is on the final project that consists of a research paper that will integrate library research, economic theory, and econometric analysis. The course will take a "hands on" approach as much as possible with weekly use of the microcomputer in class. This course counts as a Group E elective. Prerequisite(s): ECON 361 and STAT 155.  C- or higher required for all prerequisites.

General Education Requirements:
Writing WA

Distribution Requirements:
Social science

Course Materials

This course investigates the methods economists use to test theories and conduct economic forecasts. This course will provide the student with the ability to design, conduct, and evaluate empirical work in economics and other social sciences. The primary focus of the course is on the final project that consists of a research paper that will integrate library research, economic theory, and econometric analysis. The course will take a "hands on" approach as much as possible with weekly use of the microcomputer in class. This course counts as a Group E elective. Prerequisite(s): ECON 361 and STAT 155.  C- or higher required for all prerequisites.

General Education Requirements:
Writing WA

Distribution Requirements:
Social science

Course Materials

This course investigates the methods economists use to test theories and conduct economic forecasts. This course will provide the student with the ability to design, conduct, and evaluate empirical work in economics and other social sciences. The primary focus of the course is on the final project that consists of a research paper that will integrate library research, economic theory, and econometric analysis. The course will take a "hands on" approach as much as possible with weekly use of the microcomputer in class. This course counts as a Group E elective. Prerequisite(s): ECON 361 and STAT 155.  C- or higher required for all prerequisites.

General Education Requirements:

Distribution Requirements:
Social science

Course Materials

This course investigates the methods economists use to test theories and conduct economic forecasts. This course will provide the student with the ability to design, conduct, and evaluate empirical work in economics and other social sciences. The primary focus of the course is on the final project that consists of a research paper that will integrate library research, economic theory, and econometric analysis. The course will take a "hands on" approach as much as possible with weekly use of the microcomputer in class. This course counts as a Group E elective. Prerequisite(s): ECON 361 and STAT 155.  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

This course will apply the tools of economic analysis to gain an understanding of economic development problems and their solutions. Patterns of economic development in an historical and dynamic context will be examined. The central role of agriculture and the problem of technological change in agriculture will also be examined. Other topics will include neo-classical growth models, domestic and international economic policies, international trade, foreign aid, external debt, technology transfer, rural-urban migration and income distribution. 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:
Internationalism

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