Course	ECON 101 A Introduction to Microeconomics
Professor	Andrew Pearlman
CRN	90068
Schedule	Mon Wed 9:00 – 10:20 am OLIN 203
Distribution	OLD: A/E/Q	NEW: Social Science

Cross-listed: Environmental Studies

This course covers the essential ideas of economic analysis. Students will learn how economists explain human behavior as we seek to satisfy our needs and wants. The first part of the course develops models of consumer and firm behavior, including demand and supply, in the context of an idealized competitive market. From there we analyze several ways in which the real world deviates from this model, including monopoly and other forms of imperfect competition, information problems, minimum wages and other price controls, taxes, and government regulation. Along the way we will explore public policy problems such as pricing the environment, winners and losers from international trade, health care costs and insurance, and the high price of textbooks. Econ 101 and 102 may be taken in either order.

Course	ECON 101 B Introduction to Microeconomics
Professor	Pavlina Tcherneva
CRN	90137
Schedule	Tu Th 4:00 -5:20 pm OLIN 204
Distribution	OLD: A/E/Q	NEW: Social Science

Cross-listed: Environmental Studies

This course covers the essential ideas of economic analysis. Students will learn how economists explain human behavior as we seek to satisfy our needs and wants. The first part of the course develops models of consumer and firm behavior, including demand and supply, in the context of an idealized competitive market. From there we analyze several ways in which the real world deviates from this model, including monopoly and other forms of imperfect competition, information problems, minimum wages and other price controls, taxes, and government regulation. Along the way we will explore public policy problems such as pricing the environment, winners and losers from international trade, health care costs and insurance, and the high price of textbooks. Econ 101 and 102 may be taken in either order.

Course	ECON 102 A Introduction to Macroeconomics
Professor	Pavlina Tcherneva
CRN	90069
Schedule	Wed Fr 9:00 - 10:20 am OLIN 205
Distribution	OLD: A/E/Q	NEW: Social Science

Cross-listed: Global & Int’l Studies

This course begins with the examination of the aggregate behavior of modern economies: the factors leading to economic growth, explanations of booms and recessions, unemployment, interest rates, inflation, budget deficits or surpluses, and international trade. We will also analyze the government’s ability (or inability) to use monetary and fiscal policies to achieve economic goals such as full employment and price stability. Throughout the course, we will debate whether government should use monetary and fiscal policy tools to try to ‘fine tune’ the economy and what the likely effects of such government involvement are. We will analyze these issues using current domestic and international examples. Econ 101 and 102 may be taken in either order.

Course	ECON 102 B Introduction to Macroeconomics
Professor	Pavlina Tcherneva
CRN	90070
Schedule	Wed Fr 12:00 -1:20 pm OLIN 309
Distribution	OLD: A/E/Q	NEW: Social Science

Cross-listed: Global & Int’l Studies

This course begins with the examination of the aggregate behavior of modern economies: the factors leading to economic growth, explanations of booms and recessions, unemployment, interest rates, inflation, budget deficits or surpluses, and international trade. We will also analyze the government’s ability (or inability) to use monetary and fiscal policies to achieve economic goals such as full employment and price stability. Throughout the course, we will debate whether government should use monetary and fiscal policy tools to try to ‘fine tune’ the economy and what the likely effects of such government involvement are. We will analyze these issues using current domestic and international examples. Econ 101 and 102 may be taken in either order.

Course	ECON 102 C Introduction to Macroeconomics
Professor	Rania Antonopoulos
CRN	90498
Schedule	Tu Th 10:30 –11:50 am OLIN 201
Distribution	OLD: A/E/Q	NEW: Social Science

Cross-listed: Global & Int’l Studies

This course begins with the examination of the aggregate behavior of modern economies: the factors leading to economic growth, explanations of booms and recessions, unemployment, interest rates, inflation, budget deficits or surpluses, and international trade. We will also analyze the government’s ability (or inability) to use monetary and fiscal policies to achieve economic goals such as full employment and price stability. Throughout the course, we will debate whether government should use monetary and fiscal policy tools to try to ‘fine tune’ the economy and what the likely effects of such government involvement are. We will analyze these issues using current domestic and international examples. Econ 101 and 102 may be taken in either order.

Course	ECON 105 Foundations of Finance and Investments
Professor	Tsu-Yu Tsao
CRN	90071
Schedule	Tu Th 2:30 -3:50 pm OLIN 201
Distribution	OLD: E/Q	NEW: Social Science

This course explores the foundations of the pricing of financial

instruments and the structure and organization of financial markets. Methods will be developed to analyze and measure financial performance, price stocks and bonds, evaluate portfolios and understand financial derivatives as these relate to financial data. Additional topics include the investment decision-making process; trading practices; risk assessment and diversification. This course involves a substantial amount of statistical analysis and calculation, but no prior knowledge of statistics is required.

Course	ECON 110 Economics of Domestic Public Issues
Professor	Andrew Pearlman
CRN	90072
Schedule	Mon Wed 1:30 -2:50 pm OLIN 201
Distribution	OLD: A/E	NEW: Social Science

Cross-listed: American Studies, Social Policy

How do economists apply their theories to real-world policy problems? This course introduces students to economic modeling and methods by investigating some of today's most difficult public issues. Topics covered will depend somewhat on student interests; recent ones were energy markets and regulation, the impact of current tax policies, improving the quality and quantity of education, various approaches to environmental regulation, welfare reform, Social Security and demographic changes, and health care market failures. After a general review of each topic we will learn the relevant economic theory; students who are interested in each topic will then have the opportunity to do in-depth research and present their analysis and conclusions. We will draw information from a variety of sources including scholarly publications and "think tanks," popular media coverage, U.S. Government publications and statistics, and materials from advocacy groups on different sides of the issue. (Note the word "domestic" in the course title. There is a companion course, Economics 115, "Economic Dimensions of World Issues," concerned primarily with issues that cross international borders. So we will confine ourselves whenever possible to domestic considerations. Although we focus on U.S. issues and institutions, these analytical methods can be applied to domestic policies in many different countries.)

Course	ECON 201 Intermediate Microeconomics
Professor	Tsu-Yu Tsao
CRN	90073
Schedule	Wed 12:00 – 1:20 pm ALBEE 106 Fr 10:30 – 1:00 pm OLIN 201
Distribution	OLD: A	NEW: Social Science

A further development of principles and analytical methods begun in Introductionto Microeconomics: demand, supply, and the workings of the price system. The positive and normative characteristics of alternative market structures ‘ perfect competition, monopolistic competition, oligopoly, pure monopoly, and in resource markets, monopsony ‘ are studies in depth. Market forces are examined in the context of social and political institutions that shape, and are shaped by, market outcomes. The alleged ‘trade-off’ between equity and efficiency is debated in the context of a variety of applications. Prerequisite: Introduction to Microeconomics

Course	ECON 218 Economic History of Modern Asia
Professor	Sanjaya DeSilva
CRN	90074
Schedule	Mon Wed 3:00 -4:20 pm PRESTON 128
Distribution	OLD: C	NEW: Social Science

Cross-listed: Asian Studies, GISP

This course is an analytical examination of important historical events and circumstances that have shaped the economic landscape of Asia in the Twentieth century. Topics include colonialism and economic dependency, impact of the World Wars and post-independence nation-building. The evolution of economic development strategies such as import-substituting industrialization, national planning, export-led growth, regional integration and globalization is studied. The impact of history, geography and institutions on economic activity is emphasized.

Prerequisite: Economics 101 or 102, or permission of the instructor.

Course	ECON 235 Topics in Labor Economics
Professor	Andrew Pearlman
CRN	90138
Schedule	Tu Th 9:00 - 10:20 am ALBEE 106
Distribution	OLD: A/C	NEW: Social Science

Cross-listed: American Studies, Gender Studies, Social Policy

This course focuses on the economic forces and public policies that affect employment and wages. We examine theoretical models of labor markets and how well they hold up to real-world empirical data. Topics emphasized include labor demand and supply, minimum wage laws, theories of unemployment, job search and matching models, family and life-cycle decision-making, human capital, efficiency wage theory, compensating wage differentials, worker mobility and migration, unions, and discrimination. Prerequisite: Economics 101 (Introduction to Microeconomics).

Course	ECON 266 Field Studies in Community Based Development
Professor	Sanjaya DeSilva
CRN	90509
Schedule	TBA
Distribution	OLD: C	NEW: Social Science

2 credits In this course, students will spend four weeks in the summer in Sri Lanka studying economic development from the perspective of rural communities. The 2006 course will be based in three locations: a semi arid rice-farming region in the south central part of the island, the buffer zone villages of the Sinharaja rainforest and the Southern coastal region that is rebuilding after the tsunami of 2004. Through observation, participation and interaction with actors in development movements at the village level, students will gain a first-hand knowledge of the economic problems faced by rural communities and the economic, political and social implications of the solutions that have been proposed to solve them. This course is the field component of Econ 265: Development from the Ground Up: Community-Based Development. During the field trip, each student will be expected to focus on a particular theme. In 2006, the themes are, 1) micro-finance and self-employment as tools for poverty alleviation, 2) sustainable economic development in fragile ecosystems (e.g. ecotourism and alternative farming practices in rainforest buffer zones and elephant habitats), 3) economic impact of political decentralization and empowerment at the village level (e.g. cooperatives, local governments, non-governmental organizations etc.), 4) the comparative study of international, national and local actors in development from the perspective of a village, and 5) Non-Western models of development (e.g. Sarvodaya and other Buddhist and Gandhian development movements). Upon their return in the fall, students will write a research paper on their chosen topic combining field research and observations with their theoretical knowledge of economics and development studies. The class will meet once a week to shape the informal observations made during the trip in to concrete hypothesis and research questions. Student’s research projects will then be collectively discussed. At the end of the fall semester, the students will make public presentations based on their field trip and subsequent research. Prerequisite: ECON 265. Students who have taken Econ 221, Econ 218 or Econ 115 may be enrolled with the permission of the instructor.

Course	ECON 302 Topics in Macroeconomics
Professor	Dimitri Papadimitriou
CRN	90077
Schedule	Th 10:00 - 12:20 pm OLIN 303
Distribution	OLD: C	NEW: Social Science

Cross-listed: GISP, Social Policy

This course will examine advanced topics in macroeconomics and critically review contemporary macroeconomic theories and models with regard to their historical development. The foundations of macroeconomic theory will be studied and alternative approaches to economic growth, distribution, increasing returns, and endogenous change will be analyzed. The monetary and financial aspects in macro foundations will be discussed, focusing on the work of Minsky, Tobin, Sargent, Lucas, post-Keynesians, neo-Keynesians, new Keynesians, and Sraffians. Readings will be mainly from primary journal literature. Prerequisite: Economics 102, Introduction to Macroeconomics

Course	ECON 329 Econometrics
Professor	Sanjaya DeSilva
CRN	90078
Schedule	Mon Wed 10:30 - 11:50 am OLIN 308
Distribution	OLD: E/Q	NEW: Social Science

Econometrics is the artful blending of economic theory with statistics. Economic theory helps us to develop behavioral hypotheses, while statistics help us to test these hypotheses. For example, consumer theory tells us that there is an inverse relationship between price and quantity demanded; we use econometrics to see if consumers actually behave in this way. This course covers the proper use of statistical tools, such as linear regression, multivariate regression and hypothesis testing. Students will have an opportunity to apply these tools to analyze a variety of economic issues. Prerequisites: ECON 229 and either ECON 201 or ECON 202.

Course	ECON CONF 1 Senior Conference
Professor	Faculty
CRN	90080
Schedule	Mon 5:30 -6:50 pm ALBEE 102

Students writing Senior Projects in Economics will be required to attend the Senior Conference, which will meet not more than one evening every two weeks throughout the fall and spring terms. Not for credit.

Course	ECON CONF 2 Senior Conference
Professor	Faculty
CRN	90081
Schedule	Tu 5:30 -6:50 pm ALBEE 102

Students writing Senior Projects in Economics will be required to attend the Senior Conference, which will meet not more than one evening every two weeks throughout the fall and spring terms. Not for credit.