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.
This course focuses on a rational choice model as the underlying framework for behavior of consumers and firms and their interactions in various market structures. Examination of models requires extensive use of mathematical and graphical analysis. The effects of government policies, market power, and externalities on market efficiency are among the topics. Prerequisites: ECON 103. 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.
How did Keene, NH, retain capital goods manufacturing from 1970 – 2015, a period known nationally for deindustrialization? This multidisciplinary course joins economic theory with American studies, industrial science, and corporate finance by immersing students into the local economy. Students conduct an interview, visit plant, and present to community. Prerequisite: 24 credits in ISP, including ITW 101 and QL. Spring.
Detailed evaluation of policy alternatives for environmental protection with regard to other economic goals. Prerequisite: ECON 103 or ISECON 104. Fall.
Contrasts property rights of New England with those in the Spanish Borderlands and the pre-civil war South. Spanish corporate law probed to explain why Native American communities retained land in the Spanish Borderlands, while tending to lose land in New England. Prerequisites: ECON 103 or ISECON 104. Spring, odd years.
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: ECON 103 and ISECON 104, or permission of instructor. Spring.
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
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.
A survey of direct and indirect finance, the determination of interest rates, asymmetric information, financial crises, and monetary policy. The course integrates economic theory and historical context into an exploration of the economics of money and banking. Competing schools of thought are considered as appropriate. Prerequisites: ECON 203 or ECON 204. Fall.
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 203 or ECON 204, and MATH 175 or MGT 202 or MATH 141 or PSYC 251. Fall.
Addresses questions of imperfect competition, the effect of market structure on behavior of firms, concentration and monopoly power, cartel formation, anti-competitive practices, and anti-trust issues. The course utilizes 'structure-conduct-performance' method in combination with institutional and historical approaches, focusing on case studies from various industries. Prerequisite: ECON 203. Spring, odd years.
An introduction to the subject matter and methodology of economic history. Topics may include the development of the U.S. economy, the British Industrial Revolution, or Latin American economic history. Prerequisites: ECON 103, ISECON 104, and either ECON 203 or ECON 204. Occasionally.
Addresses the complex nature of economic development, critically evaluates available theories of development and underdevelopment, and considers the scope and limits of economic policies to aid development. Development ethics, import substitution, export orientation, impact of trade liberalization, demographics and gender are among the topics covered. Prerequisites: ECON 203 or ECON 204. Occasionally.
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 either ECON 203 or ECON 204, and permission of instructor. May be repeated for a total of 8 credits.