Macroeconomics

This course develops macroeconomic models of the determinants of economic activity, inflation, unemployment, and economic growth. The models are used to analyze recent monetary and fiscal policy issues in the United States, and also to analyze the controversies separating schools of macroeconomic thought such as the New Keynesians, Monetarists and New Classicals. A student may not receive credit for both ECON 330 and ECON 331.

Requisite: Math 111 or equivalent and at least a "B" grade in ECON 111/111E or a "B-" in ECON 200–290, or equivalent. 

Adv Microeconomics

This course covers similar material to that covered in ECON 300 but is mathematically more rigorous and moves at a more rapid pace. A student may not receive credit for both ECON 300 and ECON 301.

Requisite: At least a "B" grade in ECON 111/111E or a "B-" grade in ECON 200–290, or equivalent, and MATH 211 or equivalent, or consent of the instructor. Limited to 20 students. Spring semester. Professor Baisa.

How to handle overenrollment: Maintain a waiting list, and give preference to majors or potential majors.

Microeconomics

This course develops the tools of modern microeconomic theory and notes their applications to matters of utility and demand; production functions and cost; pricing of output under perfect competition, monopoly, oligopoly, etc.; pricing of productive services; intertemporal decision-making; the economics of uncertainty; efficiency, equity, general equilibrium; externalities and public goods. A student may not receive credit for both ECON 300 and ECON 301.

Requisite: MATH 111, or equivalent and at least a "B" grade in ECON 111/111E or a "B-" in ECON 200–290, or equivalent.

Money and Banking

In this course, we study the role played by money, banking, and financial markets in the modern economy, with a particular emphasis on how financial intermediation facilitates exchange and how financial conditions promote (or inhibit) economic activity. Specific topics include stock and bond markets, financial institutions and banking regulation, central banking and monetary policy, international finance, and financial crises.

Money and Banking

In this course, we study the role played by money, banking, and financial markets in the modern economy, with a particular emphasis on how financial intermediation facilitates exchange and how financial conditions promote (or inhibit) economic activity. Specific topics include stock and bond markets, financial institutions and banking regulation, central banking and monetary policy, international finance, and financial crises.

Introduction to ESG

Climate change and enhanced public awareness about environmental (E) and social (S) issues have transformed how businesses operate. Analysts and shareholders have long understood the consequences of poor corporate governance (G). In contrast, incorporating environmental and social factors into investment decision-making has evolved more slowly. The course considers ESG factors in their complexity and interconnection by assessing companies’ ESG performance and its material impact on stakeholders’ current and long-term wealth.

Financial Economics

This is an introduction to financial markets and the economic fundamentals of investment decisions. The overarching course goal is to increase financial literacy and awareness of how financial and investment decisions are made. Students will gain an integrated perspective on how time, risk, return, and uncertainty are interconnected.

Industrial Organization

This course examines the determinants of and linkages between market structure, firm conduct, and industrial performance. Some of the questions that will be addressed include: Why do some markets have many sellers while others have only a few? How and why do different market structures give rise to different prices and outputs? In what ways can firms behave strategically so as to prevent entry or induce the exit of rival firms? Under what circumstances can collusion be successful? Why do firms price discriminate? Why do firms advertise?

Public Choice

The state plays a large role in the economy, employing a substantial fraction of the labor force, producing and consuming a wide variety of goods and services, building infrastructure, taxing economic activity, enforcing contracts, redistributing wealth, regulating industries, and so on. Therefore, the allocation of society’s resources - the subject matter of economics - depends crucially on how political decisions are made.

Inequality in the U.S.

The United States is in an unprecedented period of rising inequality. This course begins by examining the history of inequality in the U.S. since the start of the twentieth century. It then uses cutting-edge and detailed national data to document and explore the current state of inequality and intergenerational mobility in the U.S. We consider inequality by various metrics, such as race, gender, and geography, and in various outcomes, such as income, wealth, health, educational attainment, and incarceration.

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