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  • ECON 101: Principles of Microeconomics

    3.00 Credits
    Wellesley College

    Staff This first course in economics introduces students to the market system. Microeconomics considers the decisions of households and firms about what to consume and what to produce, and the efficiency and equity of market outcomes. Supply and demand analysis is developed and applied. Policy issues include price floors and ceilings, competition and monopoly, income distribution, and the role of government in a market economy. Prerequisite: Fulfillment of the basic skills component of the Quantitative Reasoning requirement. Distribution: Social and Behavioral Analysis Semester: Fall, Spring Unit: 1.0
    ShareECON 101 - Principles of Microeconomics
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  • ECON 101F: Principles of Microeconomics NOT OFFERED IN

    10.00 Credits
    Wellesley College

    This first course in economics introduces students to the market system. Microeconomics considers the deci-sions of households and firms about what to consume and what to produce, and the efficiency and equity of market outcomes. Supply and demand analysis is developed and applied. Policy issues include price floors and ceilings, competition and monopoly, income distribution, and the role of government in a market economy. Prerequisite: Open to first-year students only. Fulfillment of the basic skills component of the Quantitative Reasoning requirement. Distribution: Social and Behavioral Analysis Semester: N/O Unit: 1.0
    ShareECON 101F - Principles of Microeconomics NOT OFFERED IN
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  • ECON 102: Principles of Macroeconomics

    3.00 Credits
    Wellesley College

    Staff This course follows 101 and analyzes the aggregate dimensions of a market-based economy. Topics include the measurement of national income, economic growth, unemployment, inflation, business cycles, the balance of payments, and exchange rates. The impact of gov-ernment monetary and fiscal policies is considered. Prerequisite: 101. Fulfillment of the basic skills component of the Quantitative Reasoning requirement. Distribution: Social and Behavioral Analysis Semester: Fall, Spring Unit: 1.0
    ShareECON 102 - Principles of Macroeconomics
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  • ECON 103: Introduction to Probability and Statistical Methods

    3.00 Credits
    Wellesley College

    Levine (Economics), McEwan (Economics), Swingle, McKnight (Economics) An introduction to the collection, analysis, interpretation, and presentation of quantitative data as used to understand problems in econom-ics and sociology. Using examples drawn from these fields, this course focuses on basic concepts in probability and statistics, such as measures of central tendency and dispersion, hypothesis testing, and parameter estimation. Data analysis exercises are drawn from both academic and everyday applications. Students must register for a laboratory section which meets an additional 70 minutes each week. Students may register for either SOC 190 or ECON 103 and credit will be granted accordingly. Prerequisite: One course in sociology or ECON 101 or 102 and fulfillment of the basic skills component of the quantitative reasoning requirement. Not open to students who have taken or are taking MATH 220, PSYC 205 or POL 199. Distribution: Social and Behavioral Analysis. Fulfills the Quantitative Reasoning overlay course requirement. Does not satisfy the laboratory requirement. Semester: Fall, Spring, Summer Unit: 1.0
    ShareECON 103 - Introduction to Probability and Statistical Methods
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  • ECON 104: Contemporary Economic Issues and Policies

    3.00 Credits
    Wellesley College

    Velenchik This course is intended for students entering Wellesley with a background in economics at the level of AP or IB courses. We will use the basic principles of economics to analyze, and write about, current economic events and policy questions. Topics will include how moral hazard and asymmetric information contributed to the financial crisis of 2008, an evaluation of President Obama's economic stimulus pro-gram, and the case for and against a substantial increase in federal gas taxes. We will leave ample time to discuss what is happening in economic news during the semester. This course satisfies the WRIT 125 requirement and counts as a unit toward the major in Economics. Includes a third session each week. Prerequisite: International Baccalaureate credit in Economics (a score of 5, 6, or 7) or Advanced Placement Credit (a score of 5) in Microeconomics and/or Macroeco-nomics, and by permission of the instructor Distribution: Social and Behavioral Analysis Semester: Fall Unit: 1.0
    ShareECON 104 - Contemporary Economic Issues and Policies
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  • ECON 201: Intermediate Microeconomic Analysis

    3.00 Credits
    Wellesley College

    Skeath, McKnight, LeBrun Intermediate microeconomic theory: analysis of the individual household, firm, industry, and market, and the social implications of resource allocation choices. Emphasis on application of theoretical methodology. Prerequisite: 101, 102 and one math course at the level of MATH 115 or higher. The math course must be taken at Wellesley. Distribution: Social and Behavioral Analysis Semester: Fall, Spring Unit: 1.0
    ShareECON 201 - Intermediate Microeconomic Analysis
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  • ECON 202: Intermediate Macroeconomic Analysis

    3.00 Credits
    Wellesley College

    Joyce, Shurchkov, Johnson Intermediate macroeconomic theory: analysis of fluctuations in aggregate income and growth and the balance of payments. Analysis of policies to control inflation and unemployment. Prerequisite: 101, 102 and one math course at the level of MATH 115 or higher. The math course must be taken at Wellesley. Distribution: Social and Behavioral Analysis Semester: Fall, Spring Unit: 1.0
    ShareECON 202 - Intermediate Macroeconomic Analysis
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  • ECON 203: Econometrics

    0.00 Credits
    Wellesley College

    Butcher, Coile, Shastry Application of statistical methods to economic problems. Emphasis will be placed on regression analysis that can be used to examine the relationship between two or more variables. Issues involved in estimation, including goodness-of-fit, statistical inference, dummy variables, heteroskedasticity, serial correlation, and others will be considered. Emphasis will be placed on real-world applications. The cre-dit/noncredit grading option is not available for this course. Prerequisite: 101, 102, and one math course at the level of MATH 115 or higher. The math course must be taken at Wellesley. One course in statistics (ECON 103, MATH 220 or PSYC 205) is also required. Distribution: Social and Behavioral Analysis Semester: Fall, Spring Unit: 1.0
    ShareECON 203 - Econometrics
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  • ECON 210: Financial Markets

    3.00 Credits
    Wellesley College

    NOT OFFERED IN 2009-10. Overview of financial markets and institutions, including stock and bond markets, money markets, derivatives, financial intermediaries, monetary policy, and international currency markets. Prerequisite: 101, 102, and 103 Distribution: Social and Behavioral Analysis Semester: N/O Unit: 1.0
    ShareECON 210 - Financial Markets
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  • ECON 213: International Finance and Macroeconomic Policy

    3.00 Credits
    Wellesley College

    Weerapana This course introduces the study of macroeconomics in an open economy. Topics include basic features of foreign exchange markets, the structure of the balance of payments accounts, and the effectiveness of macroeconomic policy under fixed and flexible exchange rates and varying degrees of capital mobility. The course also examines the evolution of the international financial system, the role of the IMF, the creation of the European Monetary Union and the recent financial crises in East Asia, Russia, and Brazil. Prerequisite: 101 and 102 Distribution: Social and Behavioral Analysis Semester: Fall Unit: 1.0
    ShareECON 213 - International Finance and Macroeconomic Policy
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