CRN	13019	Distribution	A/E
Course No.	ECON 101 A
Title	Introduction to Macroeconomics
Professor	TBA
Schedule	Mon Th 1:30 pm - 2:50 pm OLIN 204

This course begins with an examination of the aggregate behavior of modern economies: the factors leading to economic growth, explanations of booms and recessions, unemployment, interest rates, inflation, and budget deficits or surpluses. 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 the government should use monetary and fiscal policy to try to "fine tune" the economy and what the likely effects of such government involvement are. ECON 101 and 102 may be taken in either order.

CRN	13020	Distribution	A/E
Course No.	ECON 101 B
Title	Introduction to Macroeconomics
Professor	Andrew Pearlman
Schedule	Tu Fr 11:30 am - 12:50 pm OLIN 204

This course begins with an examination of the aggregate behavior of modern economies: the factors leading to economic growth, explanations of booms and recessions, unemployment, interest rates, inflation, and budget deficits or surpluses. 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 the government should use monetary and fiscal policy to try to "fine tune" the economy and what the likely effects of such government involvement are. ECON 101 and 102 may be taken in either order.

CRN	13021	Distribution	E
Course No.	ECON 102 A Q course
Title	Introduction to Microeconomics
Professor	Tsu-Yu Tsao
Schedule	Tu Fr 8:30 am - 9:50 am HEG 102

Cross-listed: Environmental Studies

CRN	13022	Distribution	E
Course No.	ECON 102 B Q course
Title	Introduction to Microeconomics
Professor	Tsu-Yu Tsao
Schedule	Tu Fr 11:30 am - 12:50 pm OLIN 202

Cross-listed: Environmental Studies

CRN	13023	Distribution	A
Course No.	ECON 115
Title	Economic Dimensions of World Issues
Professor	Sanjaya DeSilva
Schedule	Mon Th 10:00 am - 11:20 am ASP 302

This introductory course uses simple economic concepts to examine global and international issues of current and enduring interest. (Public issues in the U.S. are addressed in the fall semester companion course ECON 110). The aim of this course is to help students with little or no economics background to understand the economic dimensions of important social and political issues of the world. Topics will be drawn from a pool that includes the WTO and trade liberalization; European integration; regionalism (NAFTA, FTAA etc.); global warming, deforestation and other environmental issues; the role of multinational corporations and multilateral agencies such as the World Bank and IMF; the AIDS crisis in Africa; poverty and hunger; inequality within and between nations; the debt and currency crises of Latin America and East Asia; the recent economic stagnation of Japan; the transition from planning to markets in Eastern Europe and former Soviet Republics. The discussion of each topic will begin with a general review using materials from the popular media. This will be followed by a more detailed economic analysis using micro and macro economic concepts. Relevant theoretical models and principles will be introduced during the discussion. In addition to short essays, class presentations and team projects, students will be asked to maintain a weekly journal of relevant current events that are covered in the international media.

CRN	13024	Distribution	C/E
Course No.	ECON 201
Title	Intermediate Macroeconomics
Professor	Dimitri Papadimitriou
Schedule	Mon Wed 11:30 am - 12:50 pm OLIN 203

A treatment of the determinants of national income, employment, and price levels in the short run; a study of the problem of business fluctuations in the economy and theoretical attempts to explain them; integration of short-run macroeconomic analysis with the theory of long-run economic growth. (Note: either Econ 200 or Econ 201 will be offered.)

CRN	13466	Distribution	E
Course No.	ECON 205
Title	Mathematical Economics
Professor	Kris Feder
Schedule	Mon Wed 7:00 pm - 8:20 pm OLIN 202 "Lab" Mon 8:30 pm - 9:30 pm OLIN 202

Introduction to the use of elementary calculus and linear algebra in economic theory. This course provides the basic mathematical skills necessary to approach the professional economics literature. Emphasis is on formulating economic problems and building economic models in mathematical language. Applications are based upon simple micro- and macroeconomic models.

CRN	13025	Distribution	C
Course No.	ECON 218
Title	Economic History of Modern Asia
Professor	Sanjaya DeSilva
Schedule	Mon Th 3:00 pm - 4:20 pm OLIN 202

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. Th 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.

CRN	13027	Distribution	A/E
Course No.	ECON 242
Title	Environmental Economics
Professor	Kris Feder
Schedule	Tu Fr 1:30 pm - 2:50 pm OLIN 204

Cross-listed: Environmental Studies

CRN	13033	Distribution	A/E
Course No.	ECON 303
Title	Junior Research Conference
Professor	Sanjaya DeSilva
Schedule	Th 5:00 pm - 6:20 pm ALBEE 102.

2 credits. This required seminar exposes juniors to the rigors and intricacies of original research in economics. The purpose of the course is to familiarize students with the economics literature and research methods, and to provide them with an opportunity to explore potential topics for their senior projects. Student interests will determine the topics for each semester. All students will read a selected research article every week. Weekly seminars will be held in a conference format in which students will take turns presenting and critiquing papers of their choice. Each student will be expected to prepare a written report of the articles he or she presents. Students will also be given opportunities to lead the discussions. Efforts will be made to attend relevant academic and research seminars in the area.

CRN	13468	Distribution	A
Course No.	ECON 317
Title	Competition, Cooperation, and Information
Professor	Tsu-Yu Tsao
Schedule	Wed 1:30 pm - 3:50 pm OLIN 303

This course covers industrial organization, from traditional ideas to ideas on the frontier of economic research. The traditional literature addresses the industrial structure of the US economy and antitrust policy, monopolies, and anti-competitive behavior. More recent work examines the structure of firms, markets and organizations. Other topics include vertical integration and coordination, product differentiation and patents, bilateral bargaining and the market for lemons, auction and bidding, and theories of advertising. The theory is examined in the context of real world situations, both current and historical.

CRN	13671	Distribution	A
Course No.	ECON 340
Title	Seminar in Contemporary Developments of Finance
Professor	Leon Levy and guests (See Prof. Papadimitriou at registration)
Schedule	Fri 1:00 pm -3:20 p.m. OLIN 202

The seminar will contrast the academic analysis of financial economics with the coverage it receives in the newspapers and on the nightly newscast. The stories on the news are almost always connected with people, whether we observe them shouting bids in a trading floor or talking on two phones simultaneously. Financial markets are dominated by people behaving in many different ways. Yet traditional finance theories concentrate on efficient markets, predictable prices that are determined by the concepts of present value, rates of return and analysis and pricing of computable risks. Human behavior has neither a place in the theory nor a need to be studied. This prevailing view has recently been challenged by the new paradigm of behavioral finance that considers the many anomalies of "rational" behavior and "efficiency" of markets. The new paradigm concerns itself with economic decision making and investor psychology, and specifically with questions relating to how and why people exhibit a mixture of rational and irrational behavior. The seminar will examine the influence of economic psychology in the decision-making process of various agents as well as in the market's dynamics. It will be led by Leon Levy, former professor at Baruch College and legendary financier whose recently acclaimed book "The Mind of Wall Street" analyzes "the perils of greed and the mysteries of financial markets." Several guest lecturers will also offer their informed views in the development of contemporary finance.

CRN	13032	Distribution	A
Course No.	ECON 386
Title	Health Economics
Professor	Andrew Pearlman
Schedule	Tu Fr 3:00 pm - 4:20 pm OLIN 305

This course applies economic tools to an understanding of the peculiar features of health care and related markets. We begin with demand and supply for health outputs, and consider various methods for measuring the costs and benefits of health outcomes. Subsequent topics address the information asymmetries in health services and insurance; the market for private health insurance (including managed care); features of physician and other labor markets; reasons for and effects of social insurance programs; and questions surrounding U.S. health care reform, including spiraling costs and incomplete access to care.

CRN	13034	Distribution	n/a
Course No.	ECON CONF
Title	Senior Conference
Professor	Core Faculty
Schedule	Alternate Thursdays 7:00 pm - 8:20 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.