Areas of Study in Economics

Applied Microeconomics

The use of data and econometric methods to test microeconomic theory, in the context of developed economies (see Development for work in developing countries). Applied micro is an umbrella term that includes labor, urban, education, industrial organization, public, health, and environmental economics.

  • ECON1185 The Welfare State
  • ECON1300 Education, The Economy and School Reform (EDUC1150)
  • ECON1301 Economics of Education I
  • ECON1305 Economics of Education: Research WRIT
  • ECON1310 Labor Economics
  • ECON1350 Environment Economics and Policy (ENVS1350)
  • ECON1355 Environment Issues in Development Economics (ENVS 1355)
  • ECON1360 Health Economics
  • ECON1370 Race and Inequality in the US
  • ECON1375 Inequality of Opportunity in the US
  • ECON1400 Economics of Mass Media
  • ECON1410 Urban Economics
  • ECON1450 Econ. Organizations and Econ. Systems
  • ECON1480 Public Economics

Microeconomic Theory

Studies the behavior of individual households and firms making decisions regarding the allocation of limited or scarce resources. Includes game theory (the study of strategic decision making), decision theory (the study of preferences and uncertainties related to optimal choices), general equilibrium theory (how prices coordinate the choices of individual agents across multiple markets), and mechanism design (how changing the rules or institutions affects economic behavior and outcomes).

  • ECON1110 Intermediate Microeconomics
  • ECON1130 Intermediate Microeconomics(Math)
  • ECON1170 Wellfare Economics
  • ECON1465 Market Design: Theory and Apps
  • ECON1460 Industrial Organization
  • ECON1470 Bargaining Theory + Applications
  • ECON1820 Behavioral Economics
  • ECON1860 Theory of General Equilibrium
  • ECON1870 Game Theory/Applications to Economic

Macroeconomics

The study of the aggregate economic behavior of individuals. Macroeconomic theories consider the phenomena of output and income, interest rates, exchange rates, unemployment, and inflation as well as how monetary and fiscal policy tools can achieve certain policy objectives.

  • ECON1210 Intermediate Macroeconomics
  • ECON1225 Advanced Macroeconomics
  • ECON1500 Current Global Macroeconomic Challenges
  • ECON1540 International Trade
  • ECON1550 International Finance
  • ECON1560 Economic Growth
  • ECON1850 Theory of Economic Growth

Development

The study of economic phenomena that occur in the context of "developing economies". This includes studying the effects of incomplete markets, low human capital (health, nutrition, and education), or a low degree of labor specialization. Oftentimes these problems are intertwined with weak institutions, corruption, or violent conflict.

  • ECON0510 Development/International Econ
  • ECON1355 Environment Issues in Development Economics (ENVS 1355)
  • ECON1510 Economic Development
  • ECON1520 Economic Analysis of Institutions
  • ECON1530 Health, Hunger + the Household

Econometrics/Research Methods

Econometrics is a set of statistical tools that allows economists to test hypotheses using real world data

  • ECON1620 Introduction to Econometrics
  • ECON1629 Applied Research Methods
  • ECON1630 Econometrics I
  • ECON1640 Econometrics II
  • ECON1740 Mathematical Finance

Finance/Investment/Strategy

A set of courses that both use and teach economic theory and other quantitative methods in the study of financial institutions and financial markets. They include many of the traditional pragmatic classes offered in an undergraduate business curriculum.

  • ECON0710 Financial Accounting
  • ECON1710 Investments I
  • ECON1720 Corporate Finance
  • ECON1740 Mathematical Finance
  • ECON1750 Investments II
  • ECON1760 Financial Institutions
  • ECON1770 Fixed Income Securities
  • ECON1780 Corporate Strategy
  • ECON1790 Corporate Governance and Management

Economics History

  • ECON1275 History of Economic Thought WRIT

Seminars

  • ECON1225 Advanced Macroeconomics
  • ECON1305 Economics of Education
  • ECON1375 Inequality of Opportunity in the US
  • ECON1465 Market Design: Theory and Applications
  • ECON1485 Social Security Reform
  • ECON1530 Health, Hunger + Household
  • ECON1759 Data, Statistics, Finance
  • ECON1765 Finance, Regulation, and the Economy: Research
  • ECON1940 Current Economics Research: Undergraduate Seminar (Note: does not meet concentration requirement)