Economics Department
Economics seeks to understand and predict human action and choice. Economic theory rests on the idea that human action is purposeful and best understood from the vantage point of a person choosing among explicitly defined alternatives. Economic theory applies principles developed from the logic of choice to the resolution of interpersonal conflicts of interest and the coordination of productive activity in a world of scarce resources. The study of economics equips students to analyze a broad range of social, political, legal, and economic phenomena and public policy. The study of market regulation, environmental protection, economic growth and development, financial markets, international trade and finance, the distribution of income, inflation, and the level of employment are the stock in trade of economics. But economists also analyze a far broader set of issues, including the nature of the family, the origins of civilizations, discrimination, crime, and the structures of law and politics. Economics provides a versatile background for postgraduate professional or academic training. Economics offers a framework for the analysis of rules of liability and property rights and thus undergirds much of the modern study of law and legal institutions. A growing number of law students find it useful to prepare for this training by majoring in economics during their tenure as undergraduates. Economics also contains the theoretical core for business, finance, accounting, and marketing and thus provides a solid foundation for postgraduate work in business administration. Many private sector job opportunities are available for economics majors in the banking industry, brokerage houses, investment banks, insurance companies, and law firms. Economics majors can work as financial analysts, risk management analysts, forecasters, or analyst staff members in litigation or merger and acquisition departments. Economics majors can also work as policy analysts for one of the Federal Reserve Banks as well as various government agencies at the federal, state, or local level.
Faculty
- Chair/Director
- Elena PesaventoP9644704Associate Professor
Education
- BA, University of Padova, 1993
- PhD, University of California, San Diego, 2000
Department
- Economics, Core Faculty
Academic Interest
- econometric theory and applications
- Director of Undergraduate Studies
- Leonard CarlsonP0644784Associate Professor
Education
- BA, University of California, Los Angeles, 1969
- MA, Stanford University, 1971
- PhD, Stanford University, 1977
Department
- Economics, Core Faculty
Academic Interests
- economic history
- labor economics
- Core Faculty
- Maria ArbatskayaP6137533Associate Professor
Education
- Diploma, Moscow State University, 1993
- MA, New Economic School, 1995
- PhD, Indiana University, 1999
Department
- Economics, Core Faculty
Academic Interests
- industrial organization
- applied microeconomics
Shomu BanerjeeP0153896Senior LecturerEducation
- PhD, University of Minnesota, 1992
Department
- Economics, Core Faculty
Academic Interests
- industrial organization
- economic theory and experimental economics
Gregory BernsP1051304ProfessorEducation
- PhD, University of California, Davis, 1990
- MD, University of California, San Diego, 1994
Departments
- Economics, Core Faculty
- Neuroscience and Behavioral Biology, Associated Faculty
C Monica CapraP1805634Associate ProfessorEducation
- Other, Pearson College, 1989
- BA, Franklin and Marshall College, 1992
- PhD, University of Virginia, 1999
Departments
- Economics, Core Faculty
- Latin American and Caribbean Studies, Core Faculty
- Neuroscience and Behavioral Biology, Associated Faculty
Academic Interests
- experimental economics
- development
Leonard CarlsonP0644784Associate ProfessorEducation
- BA, University of California, Los Angeles, 1969
- MA, Stanford University, 1971
- PhD, Stanford University, 1977
Department
- Economics, Core Faculty
Academic Interests
- economic history
- labor economics
Kaiji ChenP2042361Assistant ProfessorEducation
- Ph.D, University of Southern California, 2005
- MA, Fudan University, China, 2000
- BA, Shanghai Institute of Foreign Trade, China, 1997
Department
- Economics, Core Faculty
Christopher CurranP4309835Associate ProfessorEducation
- BA, Rice University, 1967
- MS, Purdue University, 1969
- PhD, Purdue University, 1972
Department
- Economics, Core Faculty
Academic Interests
- mathematical economics
- law and economics
Hashem DezhbakhshP2399342ProfessorEducation
- PhD, Ohio State University, 1989
Department
- Economics, Core Faculty
Academic Interests
- applied microeconomics
- applied econometrics
Andrew FrancisP7575393Associate ProfessorEducation
- BA, Northwestern University, 2000
- PhD, University of Chicago, 2006
Department
- Economics, Core Faculty
Academic Interests
- social economics
- political economy
David FrisvoldP2584792Assistant ProfessorEducation
- BS, Wake Forest University, 1998
- MA, Vanderbilt University, 2005
- PhD, Vanderbilt University, 2006
Department
- Economics, Core Faculty
David Jacho-ChavezP1776354Assistant ProfessorEducation
- Ph.D, London School of Economics and Political Science, 2006
- MSc, London School of Economics and Political Science, 2001
- BSc, London School of Economics and Political Science, 2000
Department
- Economics, Core Faculty
Junghoon LeeP9491841Assistant ProfessorEducation
- PhD, University of Chicago, 2012
- MA, Seoul National University, Seoul, 2004
- BS, Seoul National University, Seoul, 1999
Department
- Economics, Core Faculty
Esfandiar MaasoumiP7169257Arts & Sciences Distinguished ProfessorEducation
- BA, Bilkent University, Ankara, Turkey, 2000
- MA, Marmara University, Istanbul, Turkey, 2002
- MA, University of Houston, 2004
- PhD, University of Houston, 2007
Department
- Economics, Core Faculty
Sara MarkowitzP8448341Associate ProfessorEducation
- BA, Rutgers University, 1993
- MA, City University of New York, 1998
- PhD, The Graduate School and University Center of the City University of New York, 1998
Department
- Economics, Core Faculty
Hugo MialonP9057908Associate ProfessorEducation
- BA, McGill University, 1999
- MS, University of Texas, 2001
- PhD, University of Texas, 2004
Department
- Economics, Core Faculty
Academic Interests
- law and economics
- industrial organization
Sue MialonP7338089Assistant ProfessorEducation
- Ph.D, University of Texas at Austin, 2002
- MS, University of Texas at Austin, 1999
- MA, Korea University, Seoul, 1996
- BA, Korea University, Seoul, 1992
Department
- Economics, Core Faculty
Tetyana MolodtsovaP7161274Assistant ProfessorEducation
- MSc, Odessa National University, Odessa, Ukraine, 2001
- PhD, University of Houston, 2008
Department
- Economics, Core Faculty
Elena PesaventoP9644704Associate ProfessorEducation
- BA, University of Padova, 1993
- PhD, University of California, San Diego, 2000
Department
- Economics, Core Faculty
Academic Interest
- econometric theory and applications
Paul RubinP4909640Samuel Candler Dobbs ProfessorEducation
- BA, University of Cincinnati, 1963
- PhD, Purdue University, 1970
Department
- Economics, Core Faculty
Academic Interests
- law and economics
- public choice
Tao ZhaP8323097ProfessorEducation
- Ph.D, University of Minnesota, 1992
- MA, Washington State University, 1988
- MA, Southwestern University of Economics and Finance (China), 1985
- BS, Chengdu University of Technology (China), 1982
Department
- Economics, Core Faculty
Courses
- Economics 100-Level Courses
- ECON 101: Principles Of MicroeconomicsGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionPrerequisite: none. Introduction to the theory of markets, including consumer and producer choice and how they interact to determine prices and resource allocations. Applications include price controls, production, market structures, environmental economics, governmental regulation of the economy, labor and capital markets, and international exchange.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 112: Principles Of MacroeconomicsGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionPrerequisite: Economics 101. Covers current debates on the workings of the aggregate economy, including unemployment, inflation, economic growth, the national debt, financial markets, money and the banking system, and international trade.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 190: Freshman Seminar:EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- FSEM
- Variable GER
- None
Course DescriptionOpen only to students with freshman standing. Topics and prerequisites vary; consult the Course Atlas.
Contact Hour Information- Course Type
- Seminar
- Weekly Contact Minutes
- 150
- Economics 200-Level Courses
- ECON 201: Intermediate MicroeconomicsGeneral Information
- Credit Hours
- 4
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Economics 101 and Mathematics 111 or 119. Theories of the household and of the business firm and their implications for the demand and supply of final products and productive factors and for the distribution of income.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 200
- ECON 212: Intermediate MacroeconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Economics 101, 112, and Mathematics 111 or 119. Determination of national income, employment, and the price level; business fluctuations; and international monetary issues.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 200
- ECON 215: Stocks,Bonds&Financl MarketsGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionPrerequisite: Economics 101. Introduction to the role of various financial markets in an economy. Topics include the stock market, bonds, futures, options, and other derivative assets.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 220: Intro To Statistical MethodsGeneral Information
- Credit Hours
- 3
- GERs
- MQR
- Variable GER
- None
Course DescriptionPrerequisites: Economics 101 and Mathematics 111 or consent of the instructor. Methods of collection, classification, analysis, and interpretation of economic data; measures of central tendency and dispersion; probability; estimation; hypothesis testing; regression analysis.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Additional Course Plus Component
- Not Applicable
- ECON 221: Empirical Methods In EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- MQR
- Variable GER
- None
Course DescriptionPrerequisite: Economics 220. An introduction to empirical tools and software used in the development and testing of economic models. Emphasis is on the application of these tools to policy issues.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 231: Intro To Global Trade & FinGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionPrerequisite: Economics 101. An introduction to international trade, capital flows, and finance. Topics include the impact of public policy decisions concerning protectionism, balance of payments, and foreign exchange markets on economic activities.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 290: Sophomore Seminar:EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionScheduled as needed. Variable credit; maximum credit, eight hours. Prerequisites: Economics 101 and/or 112 or consent of the instructor. An introduction to selected topics in economics. May be repeated for credit when topic varies.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Economics 300-Level Courses
- ECON 302: Development Of Economic ThoughtGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Economics 101 and 112, or consent of the instructor. Development of economic doctrine and economic analysis from the mercantilism to the modern period; emphasis placed upon writers whose ideas dominated the outlook of their times or exercised a major influence on the development of economic analysis.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 305: Economics of LifeGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionApplies microeconomic theory to both market and non-market phenomena, including crime, sports, family, and sexuality. Explores facts and trends, theoretical and empirical studies, and the role of public policy.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 305W: Economics of LifeGeneral Information
- Credit Hours
- 4
- GERs
- HSCW
- Variable GER
- None
Course DescriptionApplies microeconomic theory to both market and non-market phenomena, including crime, sports, family, and sexuality. Explores facts and trends, theoretical and empirical studies, and the role of public policy. (May be taught as a post-freshman writing requirement)
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 309: Contemporary Economic IssuesGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionEconomic analysis and public policy. Discussion of selected issues such as the economics of discrimination, environment, medical care, cultural arts, education, and social responsibility of business.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 309W: Contemporary Economic IssuesGeneral Information
- Credit Hours
- 4
- GERs
- HSCW
- Variable GER
- None
Course DescriptionEconomic analysis and public policy. Discussion of selected issues such as the economics of discrimination, environment, medical care, cultural arts, education, and social responsibility of business.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 310: Experimental EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- SNT
- Variable GER
- None
Course DescriptionThis course covers the new and growing field of experimental economics. The term experimental economics refers to the use of the laboratory for the purpose of studying specific research questions in economics. Experiments in economics are similar in spirit to those in psychology, physics, chemistry, or biology.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 315: Economics and PsychologyGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionThis course is intended to provide an introduction to the application of psychological insights into economic models of behavior. This course will discuss the limitations of traditional economic models and will present models that are psychologically more realistic.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 330: Collective Bargaining and Public PolicyGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisite: Economics 101. Contemporary public policy toward collective bargaining. The process of collective bargaining and administration of labor agreements, including organizing, grievance procedures, and arbitration.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 341: Business & GovernmentGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Economics 101 and 112, or consent of the instructor. Government implementation, regulation, and control of business enterprises, excluding banks and insurance companies.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 351: Topics:Non-US Economic HistoryGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionTopics related to economic change outside the United States or in which the U.S. is only one area of comparison. Slave trade, global economies, economic thought, colonialism, or comparative economic systems.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 351W: Topics:Non-US Economic HistoryGeneral Information
- Credit Hours
- 4
- GERs
- HSCW
- Variable GER
- None
Course DescriptionTopics related to economic change outside the United States or in which the U.S. is only one area of comparison. Slave trade, global economies, economic thought, colonialism, or comparative economic systems.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 352: European Economic History IIGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionEconomic development in the nineteenth century and the spread of a world economy; economic consequences of the world wars; economic aspects of socialism and fascism; and economic nationalism and internationalism in the twentieth century.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 355: Politcl Economy:American SouthGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionEconomic history of the American South from the colonial era to the present. Topics include the development of the antebellum economy, Reconstruction, and the twentieth-century resurgence of the Southern economy.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 355: Politcl Economy:American SouthGeneral Information
- Credit Hours
- 4
- GERs
- HSCW
- Variable GER
- None
Course DescriptionEconomic history of the American South from the colonial era to the present. Topics include the development of the antebellum economy, Reconstruction, and the twentieth-century resurgence of the Southern economy.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 356: Devlpmnt Of Mod U.S. EconomyGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionExamines the post-1800 development of industrial America. Topics covered include the rise of manufacturing, banking, the labor movement, agriculture, and foreign trade. Special attention is paid to the role of the government sector in the economy.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 360: International EconomyGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionContact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 361: Comparative Economics SystemsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionComparative analysis of alternative economics systems as practiced by various countries, with close attention to the mechanisms
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 362: Economic DevelopmentGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionPrerequisites: Economics 101 and 112. Introduction to theory of economic growth. The nature of economic development; factors influencing capital formation and technological advance; role of government in promoting development; relationship of international trade to growth; international economic policies.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 364: Latin American EconomiesGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionAnalysis of the evolution of economic development and underdevelopment in Latin America; and application of development paradigms to country-specific examples.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 365: Environmental Economics And PolicyGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionPrerequisite: Economics 101. Introduction to the economics of natural resources and the environment. The course will focus on major resource and environmental problems and their economic solutions.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 366: Development Issues for AfricaGeneral Information
- Credit Hours
- 3
- GERs
- HSC
- Variable GER
- None
Course DescriptionThis course is designed to provide students the opportunity to explore issues in economic development viewed from the perspective of sub-Saharan Africa from the impact of slavery and colonialism to the modern era of globalization.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 366W: Development Issues for AfricaGeneral Information
- Credit Hours
- 4
- GERs
- HSC
- Variable GER
- None
Course DescriptionThis course is designed to provide students the opportunity to explore issues in economic development viewed from the perspective of sub-Saharan Africa from the impact of slavery and colonialism to the modern era of globalization.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 371: Health EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionAn introduction to the application of the theories and principles of microeconomics to issues in health care. Increase understanding of microeconomic theory and the basic structure of health care delivery and health care financing in the United States and other countries.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 372: Health Policy and EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionThis course exams the role of the government in health and health insurance. We will examine the theoretical reasons for government intervention in health and health insurance, the related empirical evidence, how government has intervened, and the effects.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 372W: Health Policy and EconomicsGeneral Information
- Credit Hours
- 4
- GERs
- WRT
- Variable GER
- None
Course DescriptionThis course exams the role of the government in health and health insurance. We will examine the theoretical reasons for government intervention in health and health insurance, the related empirical evidence, how government has intervened, and the effects.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 385: Topics in EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionSelected topics in Economics. May be repeated for credit when topic varies.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 385W: Topics in EconomicsGeneral Information
- Credit Hours
- 4
- GERs
- WRT
- Variable GER
- None
Course DescriptionSelected topics in Economics. May be repeated for credit when topic varies.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 390: Junior Seminar:EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionScheduled as needed. Variable credit; maximum credit, eight hours. An in-depth examination of selected topics in economics. May be repeated for credit when topic varies.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 390W: Junior Seminar:EconomicsGeneral Information
- Credit Hours
- 4
- GERs
- WRT
- Variable GER
- None
Course DescriptionScheduled as needed. Variable credit; maximum credit, eight hours. An in-depth examination of selected topics in economics. May be repeated for credit when topic varies.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 394: Washington Economic Policy SemesterGeneral Information
- Credit Hours
- 1 - 16
- GERs
- None
- Variable GER
- None
Course DescriptionCredit, up to sixteen semester hours. Prerequisite: nomination by department. Intensive examination of the policy making process in Washington, particularly as it relates to economic policy. Students must apply early in the semester preceding the one in which they intend to participate.
Contact Hour Information- Course Type
- Experiential
- Weekly Contact Minutes
- 200
- Scheduled Related Component
- Community engaged learning
- Weekly Contact Minutes in Related Component
- 300 - 340
- ECON 397R: Directed Reading In EconomicsGeneral Information
- Credit Hours
- 1 - 3
- GERs
- None
- Variable GER
- None
Course DescriptionUp to three semester hours credit. Prerequisites: Economics 101 and 112 or consent of the instructor. For approval, a topic must be selected that is not included in a course to be offered before the student would normally graduate; a faculty adviser from among the full-time faculty must agree to supervise the study program, and a written description of the program must be submitted to and approved by the director of undergraduate studies in the semester preceding the one in which the student intends to participate.
Contact Hour Information- Course Type
- Directed study
- Weekly Contact Minutes
- variable
- Economics 400-Level Courses
- ECON 400: Managerial EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Economics 201 and 212 or equivalent. Applies economic analysis and methods to business problems, using elementary level linear programming, input/output analysis, and game theory. Traditional topics in managerial economics, such as cost and demand analysis, capital budgeting, and cost-benefit analysis.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 405: Industrial OrganizationGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Economics 201 and either Economics 220 or consent of the instructor. The competitiveness of markets related to observable firm and product characteristics. Market competition related to measures of performance, such as profitability, R&D spending, advertising, and growth. Applications to antitrust law.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 410: Topics In MacroeconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Economics 201 and 212. The course covers the microeconomic foundations of macroeconomics, the theoretical and empirical analysis of general equilibrium, and optimal monetary and fiscal policies.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 410W: Topics In MacroeconomicsGeneral Information
- Credit Hours
- 4
- GERs
- WRT
- Variable GER
- None
Course DescriptionPrerequisites: Economics 201 and 212. The course covers the microeconomic foundations of macroeconomics, the theoretical and empirical analysis of general equilibrium, and optimal monetary and fiscal policies.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 411: Money & BankingGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionEconomics of money, credit, and banking with emphasis on factors influencing the quantity of money and effects on employment, output, and prices. Economic analysis of financial markets, financial institutions, monetary policy, and inflation.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 411W: Money & BankingGeneral Information
- Credit Hours
- 4
- GERs
- WRT
- Variable GER
- None
Course DescriptionEconomics of money, credit, and banking with emphasis on factors influencing the quantity of money and effects on employment, output, and prices. Economic analysis of financial markets, financial institutions, monetary policy, and inflation.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 420: EconometricsGeneral Information
- Credit Hours
- 3
- GERs
- MQR
- Variable GER
- None
Course DescriptionPrerequisites: Economics 101, 112, and 220, or consent of the instructor. Introduction to construction and testing of econometric models; analysis and critique of general linear regression model; simultaneous equations models; computer program for regression analysis; applications.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 421: MicroeconometricsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionVarious methodological extensions of the simple linear regression model are covered. These are geared to address discreteness, nonlinearities, heterogeneity, natural experiments, and repeated sampling usually found in microeconomic data.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 422: Economic ForecastingGeneral Information
- Credit Hours
- 3
- GERs
- MQR
- Variable GER
- None
Course DescriptionAn introduction to Economics Forecasting and Time Series Analysis. The course will cover specifications and estimation of ARMA models, seasonality, non-stationarity, unit roots and forecast evaluations. Empirical applications are used throughout the course.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 422W: Economic ForecastingGeneral Information
- Credit Hours
- 4
- GERs
- MQRW
- Variable GER
- None
Course DescriptionAn introduction to Economics Forecasting and Time Series Analysis. The course will cover specifications and estimation of ARMA models, seasonality, non-stationarity, unit roots and forecast evaluations. Empirical applications are used throughout the course.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 425: Mathematical EconomicsGeneral Information
- Credit Hours
- 4
- GERs
- MQR
- Variable GER
- None
Course DescriptionIntroduction to the use of calculus in economic analysis; comparative static problem and optimization theory; consideration of the mathematical techniques used in game theory.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 200
- ECON 430: Economics Of Labor MarketsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisite: Economics 201. Describes and analyzes the functioning of labor markets, the supply and demand for labor, and the determination of wages and employment. The effects of unions, institutions, and discrimination on labor markets are also considered.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 431: International TradeGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisite: Economics 201. Theory of comparative advantage; the impact of trade on welfare and income distribution; economic analysis of trade barriers; and the analysis of international movement of labor and capital.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 432: International FinanceGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Economics 201 and 212. Analysis of the international financial system and its effect on macroeconomic policies. Determination of exchange rates and their impact on the trade balance. International monetary institutions and proposals for reform.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 434: Public FinanceGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Economics 112 and 201, or consent of the instructor. Principles of government finance at the national, state, and local levels. Effects of taxes, public debt policy, and government expenditures on both individual citizens and the economy as a whole.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 440: Economics Of RegulationGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisite: Economics 201. Economic rationale of regulation. Traditional regulation of monopoly and recent advances in regulatory techniques. Regulation of structurally competitive industries and occupations. Environmental, safety, and health regulation. Current issues in regulation-protectionism, rent-seeking, deregulation, and cost-benefit analysis.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 442: Law And EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisite: Economics 201. Economic analysis of property rights, contracts, torts, and other aspects of the legal system. Legal rules will be viewed as mechanisms for allocating resources, and the efficiency of alternative legal rules is analyzed.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 443: Public ChoiceGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionEconomic analysis of political decision making and collective action. Surveys theories of aggregating individual preferences through various property-rights and organizational structures to produce collective-choice equilibria and disequilibria, rent seeking; and constitutional construction.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 443W: Public ChoiceGeneral Information
- Credit Hours
- 4
- GERs
- WRT
- Variable GER
- None
Course DescriptionEconomic analysis of political decision making and collective action. Surveys theories of aggregating individual preferences through various property-rights and organizational structures to produce collective-choice equilibria and disequilibria, rent seeking; and constitutional construction.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 445: Urban EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionEconomic analysis of the urban environment covering such topics as the theories of location, land use, housing, segregation, transportation, local government, and poverty.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 445W: Urban EconomicsGeneral Information
- Credit Hours
- 4
- GERs
- WRT
- Variable GER
- None
Course DescriptionEconomic analysis of the urban environment covering such topics as the theories of location, land use, housing, segregation, transportation, local government, and poverty.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 446: Housing And Mortgage MarketsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisite: Economics 201 or consent of the instructor. The spatial structure of urban real estate and housing markets; government housing and land-use controls; problems of urban transportation and environmental quality; local taxation and public expenditure.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 449: Economics InternshipGeneral Information
- Credit Hours
- 2
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Economics 201 or 212 and Economics 220. Two credit hours usually taken on an S/U basis. Open to economics majors and minors only; permission required. Majors need to obtain permission from their economics advisers. Economics minors obtain permission from the director of undergraduate studies.
Contact Hour Information- Course Type
- Experiential
- Weekly Contact Minutes
- 300
- ECON 455: Grant Writing: Theory & PracticeGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Econ 201, 212 and 420 or 422. The objective of the course is to introduce the students to the elements of grant writing both in theory and practice. Selection of topic, matching topics with funding, searching funding for research topics are emphasized. Students complete draft proposals possibly resulting in grant proposals.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 464: Regional EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisite: Economics 201 or consent of the instructor. Principles of location theory, including land as a factor of production, transfer costs, and areal markets and supply sources; measurement of regional economic activity; regional economic fluctuations; regional economic growth; and regional problems.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 465: Resource And Environmental EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisite: Economics 201 or consent of the instructor. This course develops the theory of resource and environmental economics and applies it to analyze real-world policy issues. It covers the economics of exhaustible and renewable resources and discusses how economic approaches can be used to control externalities and pollution.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 481: NeuroeconomicsGeneral Information
- Credit Hours
- 3
- GERs
- SNT
- Variable GER
- None
Course DescriptionThis course is designed to provide students with an introduction to the field of neuroeconomics. Upon completion of the course, students will have a basic understanding of the tools used to study the neurobiology of decision making.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 485: Advanced Topics in EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionAdvanced topics in Economics. May be repeated for credit when topic varies.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 485W: Advanced Topics in EconomicsGeneral Information
- Credit Hours
- 4
- GERs
- WRT
- Variable GER
- None
Course DescriptionAdvanced topics in Economics. May be repeated for credit when topic varies.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- Writing Requirement
- Yes
- ECON 487: Game Theory & Econ. ActivityGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionThis course develops a conceptual framework for understanding games played in business and in life. The ultimate goal of this course is to enhance the students¿ ability to think strategically in interactive situations.
Contact Hour Information- Course Type
- Lecture
- Weekly Contact Minutes
- 150
- ECON 490R: Advanced Seminar:EconomicsGeneral Information
- Credit Hours
- 3
- GERs
- None
- Variable GER
- None
Course DescriptionScheduled as needed. Variable credit; maximum credit: eight hours. Prerequisite: Economics majors who have completed all specifically required courses for the major, or consent of the instructor. Preparation of exercises and reports based on current problems of economic policy; requires use of interpretation and analysis previously acquired in other economics and allied courses. May be repeated for credit when topic varies.
Contact Hour Information- Course Type
- Seminar
- Weekly Contact Minutes
- 150
- ECON 495A: Honors SeminarGeneral Information
- Credit Hours
- 4
- GERs
- None
- Variable GER
- None
Course DescriptionBy invitation only. (Economics 201, 212, and 220 recommended). For seniors majoring in economics who have exhibited exceptional interest and competence in their field. Significant economic issues selected by the department each year and not covered in the regular curriculum; topics in theory, including areas of controversy; significant books; faculty research topics.
Contact Hour Information- Course Type
- Independent Honors research
- Weekly Contact Minutes
- 200
- ECON 495B: Honors ResearchGeneral Information
- Credit Hours
- 1 - 8
- GERs
- None
- Variable GER
- None
Course DescriptionBy invitation only. Preparation of honors research project under supervision of faculty member. Students meet periodically to discuss their projects with other honors candidates and faculty members.
Contact Hour Information- Course Type
- Independent Honors research
- Weekly Contact Minutes
- variable
- Scheduled Related Component
- Recitation or discussion section
- Weekly Contact Minutes in Related Component
- 50 - 90
- ECON 495BW: Honors ResearchGeneral Information
- Credit Hours
- 1 - 8
- GERs
- WRT
- Variable GER
- WRT
Course DescriptionBy invitation only. Preparation of honors research project under supervision of faculty member. Students meet periodically to discuss their projects with other honors candidates and faculty members.
Contact Hour Information- Course Type
- Independent Honors research
- Weekly Contact Minutes
- variable
- Scheduled Related Component
- Recitation or discussion section
- Weekly Contact Minutes in Related Component
- 50 - 90
- Writing Requirement
- Yes
- ECON 496R: Tutorial In EconomicsGeneral Information
- Credit Hours
- 1 - 3
- GERs
- None
- Variable GER
- None
Course DescriptionPrerequisites: Economics 201 or 212. Directed, intensive study using intermediate theory on a topic not covered in a course to be offered before a student would normally graduate. Students must receive departmental permission from the director of undergraduate studies in the semester preceding the one in which the student intends to participate.
Contact Hour Information- Course Type
- Directed study
- Weekly Contact Minutes
- variable
- ECON 496RW: Tutorial In EconomicsGeneral Information
- Credit Hours
- 1 - 4
- GERs
- WRT
- Variable GER
- None
Course DescriptionPrerequisites: Economics 201 or 212. Directed, intensive study using intermediate theory on a topic not covered in a course to be offered before a student would normally graduate. Students must receive departmental permission from the director of undergraduate studies in the semester preceding the one in which the student intends to participate.
Contact Hour Information- Course Type
- Directed study
- Weekly Contact Minutes
- variable
- Writing Requirement
- Yes
Honors Program
The Honors Program is available to outstanding students in Economics, Economics/Mathematics, and Economics/History. Students with a cumulative average of 3.50 (for all courses taken at Emory) at the end of their third year may be invited to participate. The number of students admitted to the Honors Program is determined by the Economics Department's capacity for advising honors theses, so a 3.5+ GPA does not automatically lead to admission into the program. (Note that in recent years, typical GPA of invitees has exceeded 3.75.)
Administered by the Emory College Honors Committee, this program enables students to do intensive work in a chosen area and, therefore, involves work that extends beyond ordinary course requirements and standards of performance. Students must complete Economics 201, 212, and 220 previous to entering the Honors program (i.e., previous to the Fall Semester of their senior year). Students enrolled in the Honors program must complete either Economics 420 or Economics 422 by the end of the Fall semester of their senior year. Preference will be given to students who have completed Economics 420 or 422 by the end of their third year. Students enrolled in the Honors program must complete Economics 495A during the Fall Semester of their senior year and may enroll in Economics 495B during the Spring Semester of their senior year.
An examination covering the honors work, including the thesis and allied fields, is given upon completion of the program. One examiner must be chosen from outside the department. Examiners recommend the degree of honors (honors, high honors, highest honors) to the Honors Committee. Honors (cum laude) represents satisfactory completion of the program, together with an overall average of 3.50. High Honors (magna cum laude) represents completion of the program with outstanding performance, including an overall average of 3.50 and a thesis of quality sufficient for oral presentation to scholars in the candidate's field. Highest Honors (summa cum laude) represents completion of the program with exceptional performance, including an overall average of 3.50 and a thesis of a quality suitable for submission for publication.
A student may complete Honors in the joint Mathematics/Economics major by completing the requirements for Honors either in the Mathematics Department or in the Economics Department. Participation in the Honors Program in both departments is by invitation only. The student's Honors committee must include at least one faculty member from the Economics Department, one faculty member from the Mathematics Department, and one faculty department from a department other than either the Economics or the Mathematics Departments.
For more information, see Honors Program | Academic Policies & Regulations.
Study Abroad
Department of Economics Rules for Studying Abroad
- Since the economics department is responsible for students who are economics majors, it is recommended that you declare your major before you start the studying abroad process.
- No class will be approved to be the equivalent to the Principles of Economics (Econ 101 and 112), Intermediate Micro (Econ 201), Intermediate Macro (Econ 212), Introduction to Statistics (Econ 220), and any of the empirical courses (Econ 221, 420, or 422). Most course equivalences received are for 200 or 300 level courses that complete the elective requirements for the major. Exceptions are made for yearlong programs at the London School of Economics.- Given the rules for the department on core classes, it is recommended that you take Economics 101, 112, 20, 212 and 220 before going abroad. If you have not taken those classes and you are going abroad for one semester, plan on taking an extra semester to graduate.
- It is strongly recommended that you have more classes approved than you intend to take, before leaving Emory. Once abroad, you may find the class you wanted is not being offered, is full or you don't have the necessary prerequisites. You may need these extra approved classes as replacements. Email communication may be difficult or delayed.
- Use the time abroad to fulfill your GERS and learn about the country you are visiting.
- A maximum of two classes will be approved toward the major although it is strongly recommended that you do not take more than one economics class while abroad.
- Allow plenty of time for the application process. Approval for courses on TABLE B of the "Study Abroad Academic Course Plan" application may take a few days.
Procedures for Study Abroad
- Review the information on the Center for International Programs Abroad (CIPA)website
- If you are applying during Fall and/or Spring semester, choose "Semester Programs" and then "Getting Started." For Summer semester, choose "Summer Programs." Much of the information you will need is included on this site. For further information about particular programs, please see the CIPA advisors located in the Center for International Programs Abroad (CIPA) in Trimble Hall, 637 Asbury Circle.
- Most but not all programs require two applications. After meeting with your CIPA advisor you should know which application process to use.
- The first application is a print application "Study Abroad Academic Course Plan" available here. This form requires your academic advisor's signature. You must complete TABLE A before having the advisor sign the form. Courses for TABLE A can be found in the "blanket approval list" here.
- If any courses are listed in TABLE B, they must be approved by:
Dr. Elena Pesavento, Study Abroad Advisor for the Economics Department
Office: 326 Rich Building
Email: epesave @ emory.edu
Telephone: 404-712-9297
- In TABLE B, list the courses you anticipate taking overseas that do NOT appear in the Blanket-Approved Database. You then take a copy of the course description or syllabus to Dr. Elena Pesavento. Dr. Pesavento will review your choices and determine the Emory course equivalent and the type of credit to be earned (major, minor, GER, or elective). Dr. Pesavento can also email your CIPA advisor directly with course approvals rather than sign the Academic Course Plan sheet.
- If so advised by your CIPA advisor, complete the second application on-line.
Internship
Internship InformationThe Economics Department offers an internship course, Economics 449, which is open only to economics majors and minors. Students are enrolled by permission only and they must have already completed Economics 201, 212, and 220. The course carries two credit hours taken on an S/U basis and it will not count toward the 10 courses you need to satisfy the majors requirements. The Economics department internship can be taken during the fall, spring or summer semester.
To register for the course, which is by permission only, the students are required to download the registration form (click here to download the form) and talk to their faculty advisors about the internship opportunity when they schedule courses during pre-registration. The advisor checks the prerequisites and approves the internship provided that it is compatible with the student's course of study. In a similar fashion, minors secure permission from the Director of Undergraduate Studies. The completed internship form must be turned into the Undergraduate Program Coordinator to register. Once registered the student reports to the faculty in charge of the internship course.
A report discussing how the internship experience related to your economic training and in what ways it helped your professional development is to be turned in to the course faculty or the Undergraduate Program Coordinator on the last day of classes for the semester enrolled. See the Undergraduate Program Coordinator for further details.
Students who would like to get internship credit over the summer at reduced cost should see Emory College's Summer Internship Program at: http://college.emory.edu/current/achievement/internship/. Here the students earn college credit (rather than economics credit) but at a much lower tuition cost.
This area should be used to describe any internship information that students should be aware of, specific opportunities, requirements, etc.
Awards and Honors
ODE - Omicron Delta Epsilon - is the economics honor society. ODE is dedicated to promoting excellence in economics by recognizing outstanding achievements and by encouraging professional exchange among students, faculty, and professionals in our discipline. The requirements for membership are a minimum overall grade point average of 3.25 and an average of 3.60 or higher in at least 16 credit hours of economics courses. ODE organizes several events annually including the spring induction banquet, dinners with faculty, and career-related information sessions.
Three prizes are awarded by the Department annually: (1) the Jack and Lewis Greenhut Award for excellence in economics and promise for graduate studies; (2) the Tate Whitman Award in Economics for analytic clarity, personal integrity, and leadership; and (3) the George Benston and Richard F. Muth Award for intellectual curiosity, passion, and skill in economic analysis.
Washington Economic Policy Semester
The Program
The Washington Semester involves intensive examination of the policy making process in the national government, particularly as it relates to economic policy. Topics covered include international as well as domestic economic policy. The program, administered by American University in Washington, D.C., consists of a seminar, an internship in a private or governmental agency, and courses in the curriculum of American University. The program is designed for undergraduates beyond the sophomore year who are interested in policy issues. Program offerings in economics include:
-
Economic Policy
This program gives an overview of the theoretical and practical aspects of the economic policy-making process in Washington. The seminar explores the macro- and micro-dimensions of domestic and international economic policy, such as stabilization policy and environmental economics.
-
International Business & Trade
The first part of the program explores major issues, such as foreign investment and political risk analysis, while the second part analyzes specific business opportunities in the Middle East, Latin America, Eastern Europe, and the Pacific Rim.
-
International Environment & Development
Focusing upon global environmental preservation and sustainable development, you first study the policy-making process in Washington and then travel to Costa Rica to investigate the implementation of these policies in the field.
The Rules
Applicants must have completed four semesters of residence at Emory before beginning the semester. Upon satisfactory completion of the Washington Semester program, students will receive up to sixteen (16) semester hours of credit. A maximum of eight (8) semester hours of credit earned may be counted toward the major requirements in economics in the form of two 300-level electives. Economics 394, Washington Economic Policy Semester, is an exception to the major requirements rule that all classes must be taken for a letter grade; it must be taken S/U. It is the policy of the College Office that all approved classes taken at other institutions cannot receive a letter grade but will receive credit hours for such course work.
The Procedure
Brochures about the different programs are available in the Undergraduate Program Coordinator's Office, 312D Rich Building, or information can be accessed on-line at www.washingtonsemester.com. Applications (available on-line) should be completed early in the semester preceding the one in which the student intends to participate in the program. Download the application form, complete it and take it the Director of Undergraduate Studies for signature. Applicants must request an official transcript from the registrar's office to include with the application. Once accepted into the program, students must pre-register at Emory for Economics 394, Washington Economic Policy Semester. Five student maximum per semester.
More detailed program information and an application can be found at American University's Washington Semester web address:
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