An introductory course on how individual consumers and firms make decisions in line with their economic objectives. We analyze the workings of supply and demand in the determination of price, resource allocation, income distribution, and economic efficiency. Fall, Spring.
An introduction to macroeconomic terminology, concepts, and theories using historical context, quantitative tools, graphical analysis, and macroeconomic models. Course concepts are examined in a social and/or political context as appropriate. Fall, Spring.
Examines macroeconomic concepts and theories using historical context, quantitative tools, graphical analysis, and macroeconomic models. Critically explores competing schools of macroeconomic thought and their relative effectiveness at explaining macroeconomic phenomena. Culminates in construction and manipulation of the Mundell-Fleming open-economy model. Prerequisites: ISECON 104. Fall, Spring.
Economics survey course for nonmajors. Includes topics not covered in other listed courses, including current and historical economic issues. This course may not be used to satisfy requirements for the minor in Economics. May be repeated as topics change.
An opportunity for a qualified student to explore work in an area of individual interest, selected and pursued in consultation with a faculty member. Consent is required of the instructor who will supervise the independent study. May be repeated for a total of 8 credits.
An introduction to game theory and strategic interactions with cases drawn from economics, business, politics, sociology, psychology, international studies, and sports. Topics include prisoner's dilemma, Nash equilibrium, backward induction, signaling, mixed strategies, cooperative and noncooperative games, bargaining, conventions, "the tragedy of commons," evolutionary game theory, and behavioral critiques of rationality. Prerequisite: 24 credits in ISP, including ITW 101 and QL. Fall.
The course integrates economic theory and economic history into an exploration of the economics of money and banking. Topics include the contested origins of money, the historical evolution of financial systems, contemporary monetary policy, and theories of recurrent financial crises. Prerequisites: ISECON 104.
This course applies quantitative tools of analysis and appropriate economic theory to organized sports and recreation. Topics include: modeling markets, competitive balance, public goods, market power, discrimination, collective bargaining, the economics of collegiate sports, financing sport / recreation facilities, as well as the role of public policy for these topics. Prerequisite: 24 credits in ISP, including ITW 101 and QL. Spring.
A survey course examining the social and historical contexts in which competing visions of the organization of economic life emerged. We will explore the evolution of Classical, Neoclassical, Marxist, and Keynesian perspectives through primary source readings, secondary literature, lectures, and in-class discussion. Prerequisites: ISECON 104, 24 credits in ISP, including ITW 101 and QL.
This course focuses on investment analysis and asset pricing, with the aim of conveying the practical applications of investment theory. Topics covered include: present value analysis and discounting, diversification, tradeoff between risk and return, efficiency market hypothesis, pricing of stocks and bonds, capital asset pricing model and arbitrage theory. Prerequisite: ECON 103, MATH 141, or permission of instructor
This course introduces and applies concepts and tools from: economics, multiple discipline perspectives, and systems theory for thinking deeply about human impact on our fragile world. The course integrates College-Wide Learning Outcomes (critical thinking, sustainability, and civic engagement) to grapple with complex, interconnected social and ecological twenty-first century problems. Prerequisite: 24 credits of ISP, including ITW 101 and a QL course. Fall.
A supervised experience offering the opportunity to apply economic theory and quantitative methods in an on-the-job setting. May be repeated up to 8 credits; a maximum of 4 credits may be used towards required ECON major electives. Graded pass/fail. Prerequisites: Junior standing and permission of instructor. Fall, Spring.
The theory of economic model building, both determinate and stochastic, together with the essential analytical methods. Where possible, these models are used to analyze current real-world economic conditions. Prerequisites: ECON 204 and MATH 175 or MGT 140 or MATH 141 or PSYC 251. Fall.
Application of economic tools of analysis to public policy topics. Topics may include wage policy, health care, entitlement reform, fiscal policy, and other timely public policy issues. Students will each produce a scholarly product. Prerequisites: ECON 203 or ECON 204. Spring.
Applies advanced economic theory to global trade and finance through theories of comparative advantage, balance of payments accounts, fixed and flexible exchange rates, and currency crises. Prerequisite: ECON 203 or ECON 204. Spring, even years.
Topics not covered in other listed courses; for example, current and historical economic issues, student group research projects, and student and faculty initiated topics. Prerequisite: ECON 103, ISECON 104, and either ECON 203 or ECON 204.
A term project, scheduled for fall semester of senior year, involving original research of a subject approved by the Economics faculty. Prerequisites: ECON 203 and ECON 204. Fall.
Individual research on selected topics in economics under direction of a faculty member. Prerequisite: ECON 103, ISECON 104 and ECON 204, and permission of instructor. May be repeated for a total of 8 credits.