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  • ECON 221: Experimental Economics

    3.00 Credits
    Washington and Lee University

    Prerequisites: ECON 101 and 102. This course explores the use of laboratory methods to study economic behavior. Topics include the design of experiments, laboratory techniques to test theories, financial incentives, and analysis of experimental data. Experimental economics emphasizes applications in a variety of topics: games, bargaining, auctions, market price competition, market failures, voting, contributions to public goods, lottery choice decisions, and the design of electronic markets for financial assets. Guse.
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  • ECON 224: American Economic History

    3.00 Credits
    Washington and Lee University

    Prerequisites: ECON 101 and 102. This course applies economic analysis to topics in American history and aspects of the development of the American economy. Typically, two or three aspects are chosen for intensive study; coverage varies from year to year. Possible topics include the economics of slavery; the coming of the railroads; the rise of the industrial corporation, boom and bust in the 19th century; innovation and technology; and the triumph of central banking. Staff.
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  • ECON 225: Industrial Revolutions

    3.00 Credits
    Washington and Lee University

    Prerequisite: ECON 101. In the 18th century, the pace of long-run economic growth accelerated; in the end, for the first time in human history, social and economic change became visible within an individual’s lifetime. What are the roles of technical change and population growth in this transformation? Why did England industrialize first, and not China, which had a clear lead in technology in 1600? What is the impact of modern economic growth on society? Insights gleaned from Smith, Malthus, and Marx are applied to country and sectoral case studies; 19th-century novels trace the contemporary perception of social change; and class participation in iron smelting makes concrete the magnitude of technical change. Students are expected to present a major research project to the class. Smitka.
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  • ECON 226: Socioeconomic Themes in Literature and Film

    3.00 Credits
    Washington and Lee University

    Prerequisite: ECON 101. The causes and consequences of socioeconomic developments are explored using literature and film as texts. Insights are gained by applying fundamental economic concepts to the situations depicted in the literature and film. Viewing socioeconomic issues through the prism of literature and film offers a rich understanding of the human experience, the essence of a liberal arts education. The course is writing intensive, with essays assigned for each film and each novel. Discussion is centered on development and analysis of the socioeconomic themes portrayed in the films and literature. Goldsmith.
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  • ECON 230: Labor Economics

    3.00 Credits
    Washington and Lee University

    Prerequisites: ECON 101 and 102. The mechanisms and institutions which govern the allocation of labor in the American economy. The composition, quantity, and quality of the labor force; the functioning of labor markets and labor market policy; and wage determination and the distribution of income. Kaiser.
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  • ECON 231: Economics of Race and Ethnicity

    3.00 Credits
    Washington and Lee University

    Prerequisite: ECON 101. The purpose of this writing-intensive and interdisciplinary seminar is to enhance understanding of the link between race and ethnicity and economic outcomes. Participants explore a number of topics through assigned reading and classroom discussion, including: What are race and ethnicity, economic theories of discrimination, social-psychological insight about stereotyping, legacy impacts on social-economic status, affirmative action, wealth disparities between racial/ethnic groups, the role of communities in shaping economic and social well-being, concepts of identity, the connection between skin shade and economic outcomes, the contribution of assimilation and English language proficiency to the economic outcomes of immigrant Latino workers, the racial/ethnic composition of schools and academic achievement. The course fosters the development and use of critical thinking, effective writing, and oral presentation skills. Goldsmith.
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  • ECON 232: African-American Human Capital Development: Challenges and Opportunities

    4.00 Credits
    Washington and Lee University

    Prerequisite: ECON 101. The course analyzes policies and institutions in the U.S. that influence African-Americans in their development of human capital. Examples of topics explored include early child development, K-12 education, postsecondary education, wealth, job training programs, housing segregation, and access to quality health care. Diette.
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  • ECON 233: Colorism

    4.00 Credits
    Washington and Lee University

    Prerequisite: ECON 101. Colorism is the allocation of privilege and disadvantage according to the lightness or darkness of one’s skin. The practices of colorism tend to favor lighter skin over darker skin, although in rare cases the opposite practice also occurs. Colorism is present both within and among racial groups, a testament to its role as something related to but different than race. Colorism is enacted among racial groups in various contexts, from preferences in classroom settings and hiring decisions to patterns in sentencing. This course draws on analytical structures and insights from the social sciences – especially economics, sociology, anthropology, and psychology – as well as material from the humanities to explore the socio-economic consequences. The investigation is global in perspective and makes use of film and music in to enrich insights gained from course readings and classroom discussion. The course fosters the development and use of critical thinking, effective writing, and oral presentation skills while exploring the colorism. Goldsmith.
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  • ECON 235: The Economics of Social Issues

    3.00 Credits
    Washington and Lee University

    Prerequisite: ECON 101. This seminar is based on readings that set out hypotheses developed by economists and other social scientists regarding the causes and consequences of a wide range of social problems. Evidence examining the validity of these hypotheses is scrutinized and evaluated. The course is writing intensive and interdisciplinary since readings are drawn from a wide variety of fields. Topics discussed include, but are not limited to, poverty, education, health, crime, race, ethnicity, immigration, and fiscal matters. Goldsmith.
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  • ECON 236: Economics of Education

    3.00 Credits
    Washington and Lee University

    Prerequisite: ECON 101. Investigation of the role of education on outcomes for both nations and individuals. Understanding of the factors in the education production function. Emphasis on the challenges of pre-K-12 education in the United States; secondary coverage of postsecondary education. Analysis of the effect of existing policies and potential reforms on the achievement and opportunities available to poor and minority students. Diette.
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