Preview of Courses

The following are courses that are offered by the Department of Economics. For a comprehensive list of courses, please refer to the current Schedule of Classes or Course Catalog.

Required Courses

Econ 200. Principles of Economics: Macroeconomics 
The problem of scarcity; theory of national income and employment; policy applications to problems of employment, inflation and business fluctuations; introduction to money and banking; monetary and fiscal policy.

Econ 201. Principles of Economics: Microeconomics
Introduction to the theory of price and wage determination in markets. Includes analysis of consumer choice, decisions by firms, industrial organization, and government policy as it affects markets. Also includes discussion of economic efficiency and income distribution in the market economy.

Econ 300. Intermediate Macroeconomic Theory
Theoretical analysis of forces that determine the general level of prices, output, and employment; monetary and fiscal policy. Determinants of economic growth and introduction to micro-foundations of macroeconomics.

Econ 301. Intermediate Macroeconomic Theory
The theory of consumer behavior and of the firm under perfect and imperfect competition; resource pricing; general equilibrium and welfare economics.

Econ 305. Introduction to Econometrics (required beginning with the 2013-15 College Catalog)
An introduction to the mathematical and statistical tools used to model, test, and forecast economic relationships. Construction of models, data collection, linear regression, hypothesis testing, and forecasting. Introduction to computer software used for regression analysis.

Econ 400. Senior Project in Economics (Capstone course in the major)
Senior project for the major. Provides individual guidance by faculty in the selection of a topic, research methodology, and writing of a thesis. In-depth analysis of a self-selected topic, including synthesis of literature, gathering and analyzing data in support of a particular hypothesis.

Analytical Economics

Econ 325. Economics of Politics
An analysis of topics in political science using the tools of economics. Topics include elections, voting, coalitions, power, taxation, optimal provision of public goods, and revelation of preferences.

Econ 330. Game Theory
Strategic decision-making and the tools used to analyze competitive situations in a wide variety of disciplines. Topics include backward inductions, subgame perfect equilibria, imperfect information, normal and extensive form games, repeated games, and an introduction to evolutionary game theory.

International Economics

Econ 385. International Trade and Finance
Basic principles of international trade and finance; their application to trade barriers, payment systems, and international organizations; a policy approach.

Econ 386. Growth & Development
Surveys the main economic models of growth and development. Topics include: Why are some countries rich and others poor? Can less developed countries catch up with the income level of the developed world? What are the determinants of economic growth and development? Can growth continue forever? The course addresses policy issues related to poverty, income distribution, structural change, savings, foreign trade.

JanTerm Courses   

Econ 340. Experimental Economics
Laboratory testing of economic theory, decision theory, and behavioral economics. Experimental tests of game theory, auctions, market behavior, trust, altruism, asset pricing and bubbles, public goods, tragedy of the commons; and a study of the theory that gave rise to these experiments.

Econ 353. Labor in America 
Analysis of changes in labor markets and labor institutions in the past century. Topics include union history, collective bargaining, shifts in aggregate employment patterns, current issues.

MayTerm Travel Course

Econ 381. China and the World Economy
This course provides both an overview of China's economy and its role in the world economy and direct exposure to China's cultural and its history. We address topics including the economic interdependencies that characterize China's external relationships; economic growth trade and capital flows; migration; global economic imbalances; the Asian Financial Crisis and monetary policy coordination in the region; income and wealth inequality; and demographic and environmental challenges facing China. In addition to classroom time, we explore the Beijing area (see the course calendar for specifics) and learn about China's history and culture so that we may consider the relevance of historic and cultural factors to our study of economics.