Course Offerings

Fall 2016

See complete information about these courses in the course offerings database. For more information about a specific course, including course type, schedule and location, click on its title.

Principles of Microeconomics

ECON 101 - Goodenberger, James S.

Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.

Principles of Microeconomics

ECON 101 - Shester, Katharine L.

Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.

Principles of Microeconomics

ECON 101 - Toomey, David

Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.

Principles of Microeconomics

ECON 101 - Silwal, Shikha B.

Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.

Principles of Microeconomics

ECON 101 - Peppers, Larry C.

Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.

Principles of Macroeconomics

ECON 102 - Goldsmith, Arthur H. (Art)

Emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.

Principles of Macroeconomics

ECON 102 - Handy, Christopher M. (Chris)

Emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.

Principles of Macroeconomics

ECON 102 - Kaiser, Carl P.

Emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.

Principles of Macroeconomics

ECON 102 - Goodenberger, James S.

Emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.

Econometrics

ECON 203 - Blunch, Niels-Hugo (Hugo)

Explorations of regression models that relate a response variable to one or more predictor variables. The course begins with a review of the simple bivariate model used in INTR 202, and moves on to multivariate models. Underlying model assumptions and consequences are discussed. Advanced topics include non-linear regression and forecasting. Examples in each class are drawn from a number of disciplines. The course emphasizes the use of data and student-directed research.

Microeconomic Theory

ECON 210 - Guse, Aaron J. (Joseph)

Contemporary theory relating to consumer behavior, the firm's optimizing behavior, the nature of competition in various types of markets and market equilibrium over time. Recommended for economics majors not later than their junior year.

Macroeconomic Theory

ECON 211 - Goldsmith, Arthur H. (Art)

This course develops the classical macroeconomic framework and uses this to explore the causes and consequences of economic growth, inflation, output, and employment. This same exercise is conducted using alternative theoretical frameworks, including those associated with Keynes, Monetarists, and New Classical thinkers. Emphasis is placed on investigating the impact and effectiveness of monetary and fiscal policy under each of the theoretical paradigms or schools of thought developed.

Money and Banking

ECON 215 - Hooks, Linda M.

A study of the fundamental principles of money, credit, and banking in the United States. Emphasis is on modern conditions and problems, with particular attention to the validity of monetary and banking theory in the present domestic and international situation.

Mathematical Economics

ECON 220 - Grajzl, Peter

An introduction to fundamental mathematical methods of economic analysis with a variety of applications from both microeconomics and macroeconomics. Topics covered include theory and applications of linear algebra, multivariable calculus, static optimization, and comparative statics. The course is highly recommended for anyone planning to undertake graduate studies in economics or a closely related field.

Labor Economics

ECON 230 - Kaiser, Carl P.

This course addresses how labor markets and institutions allocate labor and determine earnings and the distribution of income in the United States. Economic models are used to explain labor market outcomes generated by our economy. Where such outcomes are deemed less than socially optimal, these models are used to evaluate prospective and current labor market policies intended to address these shortcomings. Some attention is given to comparing American labor market outcomes with those in other developed countries.

Economics of Education

ECON 236 - Diette, Timothy M. (Tim)

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.

International Finance

ECON 271 - Davies, Martin H.

International monetary arrangements, balance-of-payments adjustment processes, and the mutual dependence of macroeconomic variables and policies in trading nations. The International Monetary Fund (IMF), international investment, and the World Bank. International cooperation for economic stability.

Health Economics in Developing Countries

ECON 276 - Blunch, Niels-Hugo (Hugo)

A survey of the major issues of health economics. with a focus on developing countries. Economic modeling of health-related issues, supply and demand of health, cost-benefit and cost-effectiveness analysis, health goals, and policy alternatives. The relationship between health and education, including for example the links between maternal education and child health and child health and child schooling. Health and the labor market, including for example the relationship between adult health and labor-market outcomes and child labor and child health. Epidemiology: HIV/AIDS and worms in Sub-Saharan Africa. Selected case studies.

Development Economics

ECON 280 - Casey, James F. (Jim)

A survey of the major issues of development economics. Economic structure of low-income countries and primary causes for their limited economic growth. Economic goals and policy alternatives. Role of developed countries in the development of poor countries. Selected case studies.

Institutions and Economic Performance

ECON 281 - Grajzl, Peter

Institutions such as laws, the political system, and cultural norms embed all social activity. They structure economic, political, and social interaction and as such play a central role in facilitating (or hindering) economic development. This course's objective is to explore from a broad perspective how institutions affect economic performance, what the determinants of institutions are, and how institutions evolve. We will study examples from the existing capitalist economies, the developing and transition countries, as well as the more distant history. Because the study of institutions is necessarily an interdisciplinary endeavor, the course combines the approach of economics with the insights from law, political science, history, and sociology.

Special Topics in Economics

ECON 295A - Silwal, Shikha B.

Course emphasis and prerequisites change from term to term and are announced prior to preregistration. May be repeated for degree credit if the topics are different. A maximum of nine credits chosen from all special topics in economics courses may be used, with permission of the department head, toward requirements for the economics major.

Fall 2016, ECON 295A-01: Demographics and Development In South Asia (3). Prerequisite: ECON 101. Preference to ECON majors during the first round of registration. Other majors are encouraged to add to the waiting list after registration re-opens for all class years. This course uses economic theories and methods to understand economic demography and development in South Asia. Some of the peculiar demographic and development aspects of the South Asian economy, and hence, the topics of the course include youth bulges, migration, markers of social identity, education, child labor, corruption, public health, and targeted initiatives for development in the region. While we focus exclusively on the South Asian countries, students will be able to apply the concepts learned in this class to study any developing country in the world. Silwal.

Topical Research Seminar in Economics

ECON 398 - Davies, Martin H.

Students work through the original literature in a given field within the discipline of economics. Emphasis is on critical understanding of that literature. Required written work and class discussion focus on summarizing and reviewing articles, gaining insight into the current economic knowledge documented in that literature, and identifying research questions implied by that literature. Based upon this review, students write a detailed proposal of an independent research project after which they carry out the project and write a paper documenting their research. Those students who choose to continue in ECON 399 have the opportunity to develop their proposals into complete research papers.

Topical Research Seminar in Economics

ECON 398 - Handy, Christopher M. (Chris)

Students work through the original literature in a given field within the discipline of economics. Emphasis is on critical understanding of that literature. Required written work and class discussion focus on summarizing and reviewing articles, gaining insight into the current economic knowledge documented in that literature, and identifying research questions implied by that literature. Based upon this review, students write a detailed proposal of an independent research project after which they carry out the project and write a paper documenting their research. Those students who choose to continue in ECON 399 have the opportunity to develop their proposals into complete research papers.

Topical Research Seminar in Economics

ECON 398 - Shester, Katharine L.

Students work through the original literature in a given field within the discipline of economics. Emphasis is on critical understanding of that literature. Required written work and class discussion focus on summarizing and reviewing articles, gaining insight into the current economic knowledge documented in that literature, and identifying research questions implied by that literature. Based upon this review, students write a detailed proposal of an independent research project after which they carry out the project and write a paper documenting their research. Those students who choose to continue in ECON 399 have the opportunity to develop their proposals into complete research papers.

Spring 2016

See complete information about these courses in the course offerings database. For more information about a specific course, including course type, schedule and location, click on its title.

Land in Lakota Culture, Economics, and History

ECON 186 - Guse, Aaron J. (Joseph) / Markowitz, Harvey J.

Additional fee. A review of the history of Lakota land from 1851 to present and its importance to Lakota cultural identity, political sovereignty, and economic development. We examine specific federal policies including the treaties of 1851 and 1868, the extermination of the buffalo herds, the confiscation of the Black Hills, the creation of the reservation system, and the Dawes Act among others. Students spend nine days off-campus to participate in workshops at the Center for American Indian Research and Native Studies and to visit sites in and around the Pine Ridge Reservation, the Rosebud reservation, and the Black Hills.

Urban Education: Poverty, Ethnicity and Policy

ECON 234 - Diette, Timothy M. (Tim)

Students explore the determinants of education achievement and attainment in urban education through three weeks of fieldwork in schools in the Richmond area (Monday through Thursday each week) and seminar meetings in Lexington. Students observe and work to understand critical components of teaching and learning in the urban classroom. The readings and experience challenge students to consider factors including early childhood development, the role of the family, school finance, teachers, and curriculum. The students then evaluate the current policy proposals for school reform in the United States such as teacher merit pay, charter schools, and student accountability. In addition, students develop and present their own policy proposal for improving public schools. Housing is provided through alumni in Richmond.

The Auto Industry: Economics, Society, Culture

ECON 244 - Smitka, Michael J. (Mike)

Additional fee. This course investigates the automobile industry from an interdisciplinary perspective, including a visit to factories and R&D facilities in Detroit. Why did GM file bankruptcy? Why do we have 600-plus new passenger vehicles available in the US -- isn't such diversity wasteful? How and why has the automobile shifted the rhythm of daily life, including the growth of suburbs and decline of cities? What of safety and the environment -- electric vehicles? The course also considers cars themselves, the subject of two Tom Wolfe stories in The Kandy-Kolored Tangerine-Flake Streamline Bab y.

Health: A Social Science Exploration

ECON 304 - Blunch, Niels-Hugo (Hugo)

Much of the work done by consulting companies, banks, insurance companies, think tanks, non-governmental organizations, government agencies, etc., is based on applied statistical and econometric analysis. This course helps prepare students for careers in these environments using a hands-on approach and emphasizing the use of data and student-directed research in the specific context of health-related issues. Example of these issues include obesity, vaccinations, pre- and post natal care, contraceptive use, or child mortality; possible determinants include poverty, education, or distance to the nearest health clinic or hospital. An interdisciplinary perspective is highlighted, as is the use and importance of quantitative analysis for public policy.

Winter 2016

See complete information about these courses in the course offerings database. For more information about a specific course, including course type, schedule and location, click on its title.

Principles of Microeconomics

ECON 101 - Bose, Nayana

Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.

Principles of Microeconomics

ECON 101 - Guse, Aaron J. (Joseph)

Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.

Principles of Microeconomics

ECON 101 - Shester, Katharine L.

Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.

Principles of Microeconomics

ECON 101 - Grajzl, Peter

Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.

Principles of Macroeconomics

ECON 102 - Silwal, Shikha B.

Continuation of survey begun in ECON 101, with emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.

Principles of Macroeconomics

ECON 102 - Handy, Christopher M. (Chris)

Continuation of survey begun in ECON 101, with emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.

Principles of Macroeconomics

ECON 102 - Kaiser, Carl P.

Continuation of survey begun in ECON 101, with emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.

Principles of Macroeconomics

ECON 102 - Casey, James F. (Jim)

Continuation of survey begun in ECON 101, with emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.

Econometrics

ECON 203 - Anderson, Michael A.

Explorations of regression models that relate a response variable to one or more predictor variables. The course begins with a review of the simple bivariate model used in INTR 202, and moves on to multivariate models. Underlying model assumptions and consequences are discussed. Advanced topics include non-linear regression and forecasting. Examples in each class are drawn from a number of disciplines. The course emphasizes the use of data and student-directed research.

Microeconomic Theory

ECON 210 - Grajzl, Peter

Contemporary theory relating to consumer behavior, the firm's optimizing behavior, the nature of competition in various types of markets and market equilibrium over time. Recommended for economics majors not later than their junior year.

Macroeconomic Theory

ECON 211 - Davies, Martin H.

This course develops the classical macroeconomic framework and uses this to explore the causes and consequences of economic growth, inflation, output, and employment. This same exercise is conducted using alternative theoretical frameworks, including those associated with Keynes, Monetarists, and New Classical thinkers. Emphasis is placed on investigating the impact and effectiveness of monetary and fiscal policy under each of the theoretical paradigms or schools of thought developed.

Urban Economics

ECON 229 - Shester, Katharine L.

A study of the economics of cities. Students discuss why cities exist, what determines city growth, and how firms make city location decisions. We then shift our focus to within-city location decisions, and we discuss land-use patterns, housing, and neighborhoods. Our discussion of housing and neighborhoods focus on a number of issues related to urban poverty, including the effects of segregation and housing policies on the poor.

Labor Economics

ECON 230 - Kaiser, Carl P.

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.

The Economics of Social Issues

ECON 235 - Goldsmith, Arthur H. (Art)

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.

Economics of Education

ECON 236 - Diette, Timothy M. (Tim)

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.

Poverty and Inequality in the United States

ECON 238 - Handy, Christopher M. (Chris)

This course takes an economic approach toward investigating recent trends in poverty and inequality in the U.S., focusing on evaluating alternative explanations for who becomes (or remains) poor in this country. Factors considered in this investigation include labor-market trends, educational opportunities, family background, racial discrimination, and neighborhood effects. Aspects of public policy designed to alleviate poverty are discussed, as well as its failures and successes.

Economics of Business Strategy

ECON 243 - Smitka, Michael J. (Mike)

A survey of the structure and performance of industry, from entry and exit of new technologies and products, to economies of scale and scope in mature industries, to how firms are organized and what they "make" versus "buy." As metrics, we focus on what such behavior implies consumers and for corporate strategy. Students develop an industry case study as a term project.

Environmental and Natural Resource Economics

ECON 255 - Casey, James F. (Jim)

The course serves as an introduction to environmental and natural resource economics. Economic principles are used to evaluate public and private decision making involving the management and use of environmental and natural resources. Aspects pertaining to fisheries, forests, species diversity, agriculture, and various policies to reduce air, water and toxic pollution will be discussed. Lectures, reading assignments, discussions and exams will emphasize the use of microeconomic analysis for managing and dealing with environmental and natural resource problems and issues.

China's Modern Economy

ECON 274 - Smitka, Michael J. (Mike)

Economic analysis of the Chinese economy in the 20th century. Comparisons of pre- and post-revolutionary periods. Performance and policies of Taiwan and mainland China. Issues include the population problem, industrialization, provision of public health and education, alleviation of poverty and inequality. Microeconomic emphasis.

Health Economics in Developing Countries

ECON 276 - Blunch, Niels-Hugo (Hugo)

A survey of the major issues of health economics. with a focus on developing countries. Economic modeling of health-related issues, supply and demand of health, cost-benefit and cost-effectiveness analysis, health goals, and policy alternatives. The relationship between health and education, including for example the links between maternal education and child health and child health and child schooling. Health and the labor market, including for example the relationship between adult health and labor-market outcomes and child labor and child health. Epidemiology: HIV/AIDS and worms in Sub-Saharan Africa. Selected case studies.

Special Topics in Economics

ECON 295 - Silwal, Shikha B.

Course emphasis and prerequisites change from term to term and are announced prior to preregistration. May be repeated for degree credit if the topics are different. A maximum of nine credits chosen from all special topics in economics courses may be used, with permission of the department head, toward requirements for the economics major.

Winter 2016, ECON 295-01: Economics of War and Peace (3). Prerequisite: ECON 101. The focus of the course is to develop a theoretical understanding of how human interaction can be modeled to study both peaceful and violent outcomes. We cover topics ranging from civil wars and genocide to international terrorism. While standard economics assumes that transactions take place in a peaceful environment, conflict violates this standard, so we also study the effects of conflict on the macroeconomy and on individual health and education attainment. Readings are drawn from theoretical and empirical literature from a wide range of disciplines and outlets rather than a textbook focusing on the use of economic principles to systematically study peaceful and violent outcomes. Silwal.

Topical Research Seminar in Economics

ECON 398 - Davies, Martin H.

Students work through the original literature in a given field within the discipline of economics. Emphasis is on critical understanding of that literature. Required written work and class discussion focus on summarizing and reviewing articles, gaining insight into the current economic knowledge documented in that literature, and identifying research questions implied by that literature. Based upon this review, students write a detailed proposal of an independent research project after which they carry out the project and write a paper documenting their research. Those students who choose to continue in ECON 399 have the opportunity to develop their proposals into complete research papers.

Topical Research Seminar in Economics

ECON 398 - Diette, Timothy M. (Tim)

Students work through the original literature in a given field within the discipline of economics. Emphasis is on critical understanding of that literature. Required written work and class discussion focus on summarizing and reviewing articles, gaining insight into the current economic knowledge documented in that literature, and identifying research questions implied by that literature. Based upon this review, students write a detailed proposal of an independent research project after which they carry out the project and write a paper documenting their research. Those students who choose to continue in ECON 399 have the opportunity to develop their proposals into complete research papers.

Advanced Research Seminar in Economics

ECON 399 - Guse, Aaron J. (Joseph)

This capstone course builds upon the foundations developed in ECON 398. The central element is a major independent research project. This project is carried out with continual mentoring by a faculty member. Students document their research in a formal paper and offer an oral presentation summarizing their research results.

Directed Individual Study

ECON 401 - Goldsmith, Arthur H. (Art)

The objective is to permit students to follow a course of directed study in some field of economics not presented in other courses, or to emphasize a particular field of interest. May be repeated for degree credit with permission for different topics.

Directed Individual Study

ECON 403 - Davies, Martin H.

The objective is to permit students to follow a course of directed study in some field of economics not presented in other courses, or to emphasize a particular field of interest. May be repeated for degree credit with permission for different topics.

Honors Thesis

ECON 493 - Guse, Aaron J. (Joseph) / Anderson, Michael A.

This course is required of Honors candidates in addition to the 21 credits in economics (courses numbered 200 and above) required of all economics majors.