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Course Criteria
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0.00 Credits
This course will move through time in Italian history - with a focus on Renaissance Florence - to investigate the rise and development of monetary institutions and well-organized financial systems in Italy. Woven throughout the course will be attention to topics such as the rise of commerce, the accumulation of wealth, the limits to entrepreneurship, and the relative role of private and public institutions in the development of the economy. The course will include weekly walking tours through the heart of historical Florence, with a little time for cappuccino and gelato along the way. Approved for Summer 2005 only. Prerequisite: C- or better in Economics 101. 1.00 units, Lecture
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0.00 Credits
The course presents an overview of the evolution of economic ideas from the ancient Greeks and Romans through the development of modern microeconomics and macroeconomics in the 20th century. The classical economics of Adam Smith, David Ricardo, and Thomas Malthus are explained, along with the ideas of Karl Marx. The "marginalist revolution" of the 1870s serves as the basis for tracing the evolution of modern theories of the logic of choice, markets, prices, competition, and the firm. In addition, the emergence of modern macroeconomics will be analyzed from the Keynesian Revolution of the 1930s to "counter-revolution" of monetarism and new classical economics in the 1960s and 1970s, as well as from the revival of "Austrian" macroeconom Prerequisite: C- or better in Economics 101 and Ecomomics 301. 1.00 units, Lecture
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0.00 Credits
We will examine the economy of cities through the theoretical lens of institutional economics. From our exploration of various cities, we will gain an understanding of the specific institutional mechanisms for growth within an urban setting and an appreciation for the city as an important agent of economic and cultural development. The first section presents a theoretical overview of institutional economics, including the ideas of cumulative causation and a discussion of the nature of cities and the relationship between cities and economic development. This general framework creates the base on which we will build our case studies. The second section begins by exploring the case study of Renaissance Florence. One of the central concerns will be the role that capitalist institutions played in the economic development and growth dynamic of the early modern Florentine economy. Our investigation will then turn to Amsterdam, London, and eventually Hartford. The final section of the course will ask students to present their own analysis of the development of Hartford in which they apply and synthesize the ideas of the first two sections of the course in order to reach their own evaluation and conclusions. Prerequisite: C- or better in Economics 101 and Economics 302. 1.00 units, Lecture
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1.00 Credits
This course consists of three main sections: depressions and slumps; hyperinflation and currency crises; successes and failures in transforming Eastern Europe and Asia. Each of these sections will introduce case studies, explore theory, investigate potential causes and consequences, and discuss the related aspects of macroeconomic policy. Economic theory and empirical observation generally suggest that while economies are predisposed to short-run fluctuations, they tend to return to some "normal" state over time. Experience, however, suggests that there are important exceptions, such as prolonged periods of negative growth, or bouts of hyperinflation. The existence of such economic pathologies raises some obvious questions: Are they the result of unusually large adverse shocks, improper policies, a dysfunction of the correction mechanism that usually leads the economy back to its normal state, or something else Are there policies that have been identified as effective in preventing or softening the adverse effects of such pathologies 1.00 units, Lecture
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0.00 Credits
Offered to students who are engaged in business related internships. 0.00 units, Seminar
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3.00 Credits
Submission of the special registration form, available in the Registrar's Office, and the approval of the instructor are required for enrollment. Prerequisite: C- or better in Economics 318. 0.50 units min / 1.00 units max, Independent Study
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0.50 Credits
Submission of the special registration form, available in the Registrar's Office, and the approval of the instructor and chairperson are required for enrollment. Cannot be used for major credit. 0.50 units min / 1.00 units max, Independent Study
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1.00 Credits
Written report and formal presentation of a research project. Open to all senior majors and required of all students who wish to earn honors in economics. A student who intends to write a thesis must locate a thesis adviser, and must submit a preliminary proposal to the thesis adviser by the last day of classes in the spring semester of the junior year. A final proposal must be submitted to the thesis adviser by final registration in the fall semester of the senior year. Submission date of the thesis is the third Thursday following spring recess. Seniors who undertake Economics 498-99 will be excused from Economics 331. Studies in Social Policies and Economic Research. In addition to the final proposal, submission of the special registration form available in the Registrar's Office and the approval of the instructor and chairperson are required for each semester of this year-long thesis. (2 course credits are considered pending in the first semester; 2 course credits will be awarded for completion in the second semester.) Prerequisites: Economics 301 and 302. 2.00 units, Independent Study
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2.00 Credits
Written report and formal presentation of a research project. Open to all senior majors and required of all students who wish to earn honors in Economics. A student who intends to write a thesis must locate a thesis adviser, and must submit a preliminary proposal to the thesis adviser by the last day of classes in the spring semester of the junior year. A final proposal must be submitted to the thesis adviser by final registration in the fall semester of the senior year. Submission date of the thesis is the third Thursday following Spring Recess. Seniors who undertake Economics 498-99 will be excused from Economics 331, Studies in Social Policies and Economic Research. In addition to the final proposal, submission of the special registration form available in the Registrar's Office and the approval of the instructor and chairperson are required for each semester of this year-long thesis. (2 course credits are considered pending in the first semester; 2 course credits will be awarded for completion in the second semester.) This fulfills part two of the writing intensive (WI) requirement for Economics. Prerequisite: Economics 301 and Economics 302 2.00 units, Independent Study
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1.00 Credits
No Course Description Available. 1.00 units, Lecture
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