University Fellow Presentation: Why Free Markets Fail in Ghana

Economics major Nana Kwasi Osei-Kusi '09 presented the results of his University Fellowship during Family Weekend. Here he is pictured with his faculty mentor, Dr. Robert A. Blewett.

Below is a slideshow with Nana's results.

Dierdre McCloskey to speak on Adam Smith's Theory of Moral Sentiments

As part of the Department of Economics Visiting Speaker Series in Political Economy and the Contemporary Issues Forum, we are very pleased to have Professor Deirdre N. McCloskey, Distinguished Professor of Economics, History, English and Communication at the University of Illinois at Chicago on campus Tuesday through Thursday of next week. Professor McCloskey will be giving a public lecture entitled "Adam Smith as a Virtue Ethicist" on Wednesday, September 24th at 7:30pm in Hepburn

Dr. Peter FitzRandolph away until mid October

On August 25th, Dr. FitzRandolph had hip replacement surgery. He is recuperating at home and doing well. He will be back in mid-October to teach a couple of 1/2 unit courses.

Student presents research at conference

Kim-Anh Le '09 presented "Do Members Really Cooperate More? Evidence from Club and Public Goods Experiments" at the Economic Science Association (ESA) conference at Cal Tech in Pasadena, CA, June 26-29, 2008. This research is the result of a joint project that Assistant Professor Natalia Ovchinnikova, Kim-Ahn Le '09, Julia Darcy '08, Brent Davis '08, and Visiting Assistant Professor Hans Czap conducted in the department's new experimental economics laboratory this spring. The experiment was also financed by the student research grants from the Dean's office.

Boston Globe cites Dr. Del Rossi's research

From the The Boston Globe (June 15, 2008):

Surprising insights from the social sciences . . .

What economics courses should I take as a FY (first year) student?

You should focus your efforts as a FY student on taking a wide variety of classes, particularly classes that fulfill distribution requirements. If you think you may want to be an economics major you should take ECON 100, Introduction to Economics during the first year. (This course also meets a distribution requirement.) A 200-level economics elective is another option for second-semester FY students who have taken ECON 100 or the equivalent.

What other courses should be taken by a sophomore who intends to be an economics major?

As a sophomore you should plan to take three courses: ECON 200: Quantitative Methods in Economics, ECON 251: Intermediate Microeconomic Theory, and ECON 252: Intermediate Macroeconomic Theory. The intermediate theory courses probably should not be taken during the same semester of the sophomore year and they cannot be taken if you are a FY student. ECON 200 can be taken in the second semester of the first year if you feel confident in your quantitative skills. Generally, there is no reason to take more than one economic elective during your first two years of college.

Can I declare the major early if I know I want to be an economics major?

We generally discourage the declaration of the major before official declaration week in the second semester of the sophomore year. During first semester of the sophomore year we can arrange to change your advisor to someone in economics if needed. However, for most students this is unnecessary. You can always get advice concerning economics courses from economics faculty without any of them being your official advisor.

If I take a statistics or quantitative methods course in another department, do I need to take ECON 200?

You may take another economics elective in lieu of ECON 200 (1) if you have taken MATH 213 or 325 or 326; OR (2) if you have taken MATH 113 and either MATH 135 or MATH 136 with at least a grade of 3.0 in each. Minors in economics may substitute an additional economics elective for ECON 200 if they take MATH 113 or 213 or 325 or 326, or PSYC 205.

Can I get AP credit in economics?

You can get credit for ECON 100 if you received a score of 4 or 5 on the Advanced Placement examination in microeconomics or macroeconomics.
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