2 011-2012 E C O N O M ICS DEPARTMENT

DARTMOUTH COLLEGE
301 Rockefeller Hall, Hanover, NH, 03755, USA 603-646-2538 economics@dartmouth.edu

Dartmouth College Economics Department

ii

WHY ECONOMICS? M any

Dartmouth students choose to major in Economics because they are interested in business and in going on to a career in investment banking or consulting. While it is true that an Economics major can prove to be lucrative in the world of work, it is really worth much more than monetary rewards. Students who take courses offered by Dartmouths Economics Department will be introduced to a unique way of asking questions and looking at problems that will be of lifetime value. Thus, Economics is really about learning a way of thinking and analyzing problems in the best tradition of the liberal arts.

T he

overall curriculum in the Dartmouth Economics Department is designed to help students analyze important social problems of current interest. The world is constantly confronted with important public policy issues that are essentially economic in character. Economic analysis provides a coherent and principled framework for examining these issues and understanding the tradeoffs involved in attempting to solve important social problems. Individuals who are not familiar with economics are at a serious disadvantage in the public debate over questions concerning unemployment and inflation, government spending and social insurance, international trade policy, corporate governance and regulation, the stock market, and a host of other issues.

iii

www.dartmouth.edu/~economic

A s the field of economics I n addition to the standard has changed, the Dartmouth
curriculum has changed accordingly. Quantitative skills are increasingly used in the analysis and understanding of basic economic phenomena. Our curriculum aims to teach students quantitative analysis skills that will be useful in many contexts. Undergraduates are exposed to an up-to-date array of course offerings that are intellectually challenging and enhance students chances for success not only in professional work in economics, but also in business, law and public policy and at graduate and professional schools.

major, the economics minor and the modified major are intended to fit the needs of students who have an interest in economics but are primarily interested in another discipline or, in the case of a modified major, wish to study some specific problem or topic that falls partly in the field of economics and partly in a related field.

Vox clamantis in deserto

Dartmouth College Economics Department
iv

INFORMATION FOR STUDENTS COSIDERING ECONOMICS

I f you are considering Economics as a major

or minor, this document contains information that will assist you in the process of mapping out your plan. It is intended to provide a brief answer to many of the questions you might have. However, there is no substitute for carefully reading both the Economics section in the College Bulletin on Organization, Regulations and Courses (ORC) and the general sections on choosing a major.

you intend to pursue Honors in the Economics Department, you still need to file a major card that meets the requirements for a standard major, since participation in Honors is not automatic.

T o file a major card in Economics, you must

do the following: (1) Obtain blank major cards from the Economics office or Registrars office; (2) Carefully read the section on Economics Major Requirements in the College Bulletin on Organization, Regulations and Courses (ORC);

FILING MAJOR CARDS

S tudents typically file a major card during

their sophomore year.

(3) See a regular faculty department member Submitting your Economics major card (that is, not a lecturer or a visiting professor) with the Registrars Office is the only way during office hours to verify that the proposed you will have priority when signing up for plan meets the requirements; Economic classes. (4) Fill out three major cards with your The plan of study listed on your major card is not set in stone, but it is important to put some thought into your major card so that it represents your best guess of the courses you actually plan to take. You will want to pay particular attention to the prerequisites for each course and to the term in which courses are expected to be offered in order to ensure that you are eligible to take your desired classes in the desired terms. It is important to realize that filing a major card does not guarantee you a place in your desired course in the desired term. approved plan in ink. Do not neglect to fill in the prerequisite section appropriately, being sure to note any substitutions (such as Math 8 for Math 3, etc.); (5) Submit these three copies to a faculty department member (not a lecturer or a visitor) for signature; (6) File one card with the Economics office (room 311), one card with the Registrars office and keep one for your records.

Double Major: In addition to filing a standard You must register on time, and may still be major card, double majors are required to placed on a wait list (see Wait List on page file a separate signed form available from 3). Since course schedules and interests may the registrars office or the economics office, change, major cards can be re-filed if the plan listing the courses for both majors. of study changes, but it is important that you always have a plan in mind that will fulfill all of the requirements of the major. Note that if

www.dartmouth.edu/~economic

WHAT THE MAJOR IN ECONOMICS IS LIKE

P rerequisites:

Economics 1 and 10, with an average grade no lower than C, and Mathematics 3. (A student who fails to achieve the minimum grade average for the prerequisites may, with the permission of the Vice Chair, substitute grades in Economics 21 and 20 for those in Economics 1 and 10, respectively. Another statistics course may be substituted for Economics 10 with permission of the Vice Chair.)

(72 or 75 can be substituted for 38); 29-39 or 29-39-49; 80-81 or 80-82 or 81-82 or 80-8182. At least one of the sequences must include a 40-level or 80-level course in which a major paper is required. This requirement will serve as the culminating experience in the major. With the permission of the Vice Chair, a student may substitute other courses to fulfill these requirements.

T hese

prerequisite courses introduce students to the economic way of thinking. The Price System, Economics 1, is an in-depth introduction to microeconomics, studying supply and demand in both product and factor markets. Economics 10, Introduction to Statistical Methods, introduces the student to the basic concepts and methods of statistics. Math 3, Introduction to Calculus, introduces the basic ideas of differential and integral calculus. The emphasis in the prerequisites is on fundamental ideas and problem solving. Economics 10 and Math 3 are included in this classification because of the importance of quantitative skills in analyzing basic economic phenomena.

T he

first requirement insures that majors are proficient in each of the three core areas of economics microeconomics, macroeconomics and econometrics. Economics 20, Econometrics, studies the statistical analysis of economic data and provides an overview of how to carry out and interpret empirical research, preparing students for the culminating experience in the major. Economics 21, Microeconomics, covers many of the same topics as Economics 1 at a more advanced level through the use of calculus. Economics 22, Macroeconomics, helps to develop an advanced understanding of the aggregate economy.

second requirement insures that majors are proficient in at least two fields equirements: Nine courses in addition to of concentration and have completed a the prerequisites, with a GPA for these nine culminating experience in one field. These courses of no less than 2.0. The nine courses fields, represented by the sequences above, must include the following: can generally be thought of as Development Economics (the 4s) Industrial Organization 1. Economics 20, 21 and 22. (the 5s), Money and Finance (the 6s), Labor 2. Any two of the following sequences (de- (the 7s), Public (the 8s), International (the pending on the sequences chosen, one or 9s) and Advanced Theory (the 80s). The two additional courses may be needed): culminating experience is a senior seminar 24-44 or 24-27-44 or 24-39-44; 25-45 or 25- in which students read and discuss the 75 or 25-75-45 (35 can be substituted for 75); important literature in the field and produce 26-36 or 26-36-46; 27-47 or 24-27 or 24-27- a major paper of their own, which is typically 47; 28-38 or 28-48 or 28-38-48 empirical.

T he

Dartmouth College Economics Department

WAITING LISTS

W hile

the department continues to work with the administration to expand its course offerings, in any given term some students will find that they do not get into their desired course. This is especially true for individuals who have not yet filed an Economics major card and for those who did not complete the course selection process on time. Thus, the first piece of advice is to always sign up for classes before the registrars deadline. Second, as soon as you know you would like to be an Economics major, file a signed major card with the registrars office. Even with these precautions, you may find yourself bumped by the registrar from an Economics class that you registered for. The first thing to realize is that you may not need to take that exact course in that exact term. Go ahead and fulfill a distributive this term, and try for that Econ class next term. If you are determined to try and get in this term, though, there are several steps you must take.

is overflowing, odds are not so good. Thus, it is important to continue to attend your alternate course while the wait list situation is sorted out. Typically, by the end of the first full week of classes (i.e. after 3 class meetings), you will either have been added to the course or informed that no more students will be added from the wait list. Finally, if you got into the course of your choice, but would prefer to be in a different section, you should follow the same steps. Essentially, you are putting yourself on the wait list for the desired section.

RECEIVING HONORS IN ECONOMICS

T o be eligible for honors, a student must

take one additional major class(e.g. 10 versus 9 for the regular major), have a grade point average of at least 3.3 in these courses, and an overall grade point average of at least 3.0.

F irst, as soon as you discover you have

T he most common way to receive honors

not gotten into your desired course, come to the Economics Department office in 311 Rocky and fill out a Wait List Form. Do not contact the professor of the course. The Department Administrator is in charge of all wait list issues and will contact you about your status on the wait list.

S econd, when the term starts, be sure to

is through outstanding performance in the culminating experience. Those students whose research papers for the course are deemed of exceptional merit by the instructor shall be granted honors in economics, although no more than two students per section may be granted honors in this way without a vote of the department. Students who achieve honors by this method must still complete ten major courses (beyond prerequisites) to receive honors.

attend the first class meeting of your desired course. Your attendance will both ensure that you are not behind if you get off the wait list, and it will help gauge whether there will be room in the classroom for wait-listed students. That is, if registered students who are planning to drop do not attend classes and those hoping to add do, the classroom will be at normal capacity and things will look good for moving off the wait list. If the classroom
3

S tudents

may subsequently enroll in Economics 87 and extend their research from the culminating experience in order to be eligible for high honors. Failure to enroll in or to complete Economics 87 will not forfeit the original honors designation unless the course is necessary to obtain a count of ten major courses.

www.dartmouth.edu/~economic

A dditionally,

the instructor may designate a paper from the culminating experience as worthy of extending in Economics 87, even if it does not receive the immediate honors designation. Students enrolled in Economics 87 in this manner may receive either honors or high honors.

MODIFYING YOUR MAJOR

to the minor, except that it also requires four major-level courses in another department or program. It is intended to fit the needs of students who have a definite interest in economics but are interested also in studying some specific problem or topic that falls nother method of obtaining honors is to partly in the field of economics and partly in a complete the Economics 80-81-82 sequence related field. The ten courses that make up the with an average of B+, again with a total of at modified major must form a unified, coherent least ten courses in the major. The instructors whole, and not consist of a series of unrelated of this sequence may recommend that courses. A student planning a modified students who have done outstanding work in major must prepare a written statement for these courses be granted, by a vote of the the registrar explaining the rationale for the department, high honors. This is the only way planned courses. Each students major card by which high honors can be achieved without and justification must be approved by the completing Economics 87. Vice Chair and the departments Cirriculum Committee. If all of the four additional courses are in one department (e.g. mathematics), and he final, least common, method of this department allows it, a second signature obtaining honors is to begin background work on the major card will result in the major of in Economics 85 and complete the thesis in Economics modified with Mathematics. If Economics 87. Students must have already the four additional courses are in multiple taken all offered classes in the desired departments, or one department that does field of study before beginning independent not allow modifications (e.g. Government), study in Economics 85. Prior to enrolling in there is no need for a second signature and Economics 85 or 87, the student must have the major is just Economics modified. the written approval of the Vice Chair and a faculty member in the Economics Department who is willing to act as an adviser. t is also possible to do another department

T he modified major in economics is identical

major modified with Economics. Such a major is appropriate when the primary area THE MINOR IN ECONOMICS of interest is not economics, but the specific topic of interest will benefit from related economics courses. Such a major has the same prerequisites as the regular Economics he minor in economics has the same major. The four additional courses in prerequisites and similar requirements as the economics must either: contain both 21 major, except there is no need for a secondary and 22, or contain a major sequence of at sequence. Thus, only six courses are least 2 courses and one of either 21 or 22. required, including a culminating experience. As above, the ten total classes must form a The minor is designed for a student with unified, coherent whole, and not consist of a another major, who has a serious interest in series of unrelated courses. economics, but does not wish to be a double major.

Dartmouth College Economics Department

TRANSFER CREDIT IN ECONOMICS

PREPARING FOR GRADUATE STUDY

T ransfer credit in Economics is frequently T he

granted for courses taken at other select U.S. four-year colleges and universities, as well as certain foreign study programs in accordance with the guidelines laid out in the ORC. Four steps are involved in obtaining approval for transfer credits:

Economics major is flexible enough to prepare students for both the job market and graduate school. However, students considering going on to graduate study in Economics will find the advanced theory classes offered in the department (the 80-level courses) to be especially useful. Additionally, as Economics is an increasingly quantitative (1) Get the forms for transfer credit field, additional mathematical preparation approval from the registrars office. vital. The following courses in the Math department should be considered necessary (2) Fill out the forms with the courses you for a successful Economics graduate school intend to transfer and obtain documentation experience: on course content from the student course guide at the institution you will visit or even better, obtain a sample syllabus. Mathematics 8: Calculus of Functions of One (3) Bring the completed transfer credit and Several Variables approval forms and the course content documentation to the Vice Chair for formal approval during office hours. Mathematics 13: Calculus of Vector-Valued Functions

(4) Return the signed forms to the registrar. Mathematics 35: Real Analysis All steps should be completed before the You may also find the following transfer term. courses helpful:

Mathematics 22: Linear Algebra with Applications

N ormally,

Mathematics 20: Discrete Probability

no more than three courses Mathematics 23: Differential Equations transferred for Dartmouth credit from other institutions will be credited toward fulfillment of a regular or modified major in economics. However, students are strongly discouraged from taking more than two courses toward the Economics major at another institution. Students are also discouraged from transferring the equivalents of Economics 20, 21 and any prerequisites for the culminating experience. Finally it is not possible to satisfy the culminating experience requirement through transfer credit for a 40-level or an 80-level course.

www.dartmouth.edu/~economic

FOREIGN STUDY PROGRAMS

PRIZES THE LEWIS H. HANEY PRIZE A Prize established in 1976 through a gift of Lewis H. Haney, 1903, is awarded to the student who, in the judgment of the voting members of the Economics department, has written the best honors thesis. The award need not be made each year.

T he

department does not offer an FSP, but there are several opportunities to study overseas. First, we participate in a small exchange program with Bocconi University in Milan, Italy. They teach a range of Economics classes in English, and each year a few students are chosen to take part in the exchange program. Second, each term several Economics majors are chosen by the Rockefeller Center to take part in their exchange program with Keble College at Oxford University in England. Both of these exchange programs are administered by the Dartmouth Office of Off-Campus Programs.

THE NELSON A. ROCKEFELLER PRIZE IN ECONOMICS The Nelson A. Rockefeller Prize in Economics is awarded annually for the best overall performance in the economics major by a graduating senior as determined by the faculty of the department.

S ince

these official exchange programs are relatively small, you may also want to investigate treating a term abroad as a simple THE ECONOMICS COMMENDATION transfer term. As noted above, it is possible AWARD to obtain transfer credit in Economics. In fact, courses from both the Bocconi and This award is given to students who graduate Oxford programs are treated as such. Thus, with a 4.0 GPA in the economics major. you may want to explore a web site such as www.studyabroad.com and set up your own term of study abroad. Just be sure to follow the basic rules for transferring credit from a non-Dartmouth institution.

Dartmouth College Economics Department

COURSE DESCRIPTIONS
Economics 01: The Price System: Analysis, Problems, and Policies Economics 10: Introduction to Statistical Methods

This course introduces the student to the basic Emphasis will be placed on problems and policies concepts and methods of statistics. It covers of current interest as they relate to resource descriptive statistics and inference (estimation use and the distribution of income and output. and hypothesis testing) for a single variable and Students will receive an introduction to the theory for two variables. The probability theory required of supply and demand in both product and factor for these topics will be developed. markets in order to examine selected topics drawn Prerequisite: Economics 1 and Mathematics 3, from such areas as industrial organization and or permission of the instructor. Economics 10 antitrust policy, labor economics, international is a prerequisite to the major in Economics. trade, economic development, agriculture, urban This course should be taken early in the problems, poverty and discrimination, public sector students major program. Because of the economics, and environmental problems. overlap in material covered, a student will Dist: SOC. not receive credit for more than one of these courses; Economics 10, Government 10, Mathematics 10, Psychology 10, Social Economics 02: Sciences 15, or Sociology 10 except by Economic Principles and Policies special petition. Dist: QDS. This is a general survey course for students who have had no previous college-level economics and who do not plan to take further economics courses. It is divided between microeconomic Economics 20: concepts supply and demand, labor and capital Econometrics markets, tax incidence, comparative advantage, Econometrics is the statistical analysis of international trade, and benefit-cost analysis economic data. This course focuses on regression and macroeconomic issues, such as economic analysis (specification, estimation, and hypothesis growth, unemployment, inflation, national income testing) and problems and pitfalls in its application and product accounting, the banking system, and in economics. The course involves extensive monetary and fiscal policy. Applications to current use of the statistical program STATA and will policy issues will be emphasized throughout. enable students to implement their own empirical Economics 2 may be taken under the Non- research projects in preparation for the culminating Recording Option (NRO). It does not count towards experience in the economics major. Prerequisites: Economics 10 and Mathematics the major or minor. The course has negative 3. prerequisites: Students who have previously Dist: QDS. taken Economics 1 or who have been exempted from Economics 1 at matriculation may not enroll in Economics 2. Completion of Economics 2 does not, however, preclude subsequent enrollment in Economics 1. Dist: SOC.

www.dartmouth.edu/~economic

COURSE DESCRIPTIONS
Economics 21: Microeconomics This course is a study of the pricing and allocation process in the private economy. Topics include the theories of demand and production, and the determination of prices and quantities for commodities and factors of production in competitive and noncompetitive markets. Applications of the theory and its implications for empirical analysis are also considered. Prerequisites: Economics 1 and Math 3. Dist: SOC. Economics 22: Macroeconomics This course is concerned with the behavior of the economy as a whole, particularly fluctuations in economic activity. General equilibrium models are developed to analyze the determinants of GNP, unemployment, the rate of inflation, and the growth of output. The micro foundations of macro aggregates are developed, with special emphasis on the role of expectations. The analytic tools are used to evaluate monetary and fiscal policies and to understand current macroeconomic controversies. Prerequisites: Economics 1 and Math 3. Dist: SOC. Economics 24: Development Economics This course uses economic analysis to understand contemporary issues in low-income countries. We consider why extreme poverty and hunger, child mortality, low-levels of education, gender inequality, environmental degradation, high fertility, and child labor are pervasive in the developing world. We also examine the economic consequences of globalization and infectious diseases such as malaria and HIV/AIDS. For each topic, we seek to understand the factors and constraints influencing decision-making in developing countries. We use this understanding to discuss the role of markets, civil organizations, government policy, and international institutions. Prerequisites: Economics 1 and 10 or equivalent. Dist: SOC. or INT; WCULT: NW. Economics 25: Competition and Stategy This course examines the strategies that businesses use in choosing prices, advertising, research and development, and mergers to maximize their profits. The course studies how business strategy is constrained by market competition and antitrust policy (government policy toward monopoly, collusion, and mergers). The analysis is conducted using game theory, empirical methods, and ex-perimental methods. Prerequisite: Economics 1 and Math 3, or permission of the instructor. Dist: SOC.

Dartmouth College Economics Department

COURSE DESCRIPTIONS
Economics 26: The Economics of Financial Intermediaries and Markets Economics 28: Public Economics

This course consists of the study of the public This course examines the nature and function economy of the United States at the national, of financial intermediaries (e.g., banks, mutual state, and local levels. The course is divided into funds, and insurance companies) and of securities the microeconomic topics of resource allocation markets (e.g., the money and capital markets and and income distribution. The macroeconomic the market for derivatives). It analyzes liquidity impact of selected tax and expenditure policies and risk management and studies the efficiency, is also studied. Particular topics may include stability, and regulation of the financial system. the rationale for government activity, theories of Prerequisite: Economics 1. collective decision-making, cost-benefit analysis, Dist: SOC. and the efficiency and incidence of various tax structures. Prerequisite: Economics 1 and 21, or permission Economics 27: of the instructor. Labor Economics Dist: SOC. This course studies the economic behavior of employers and employees as they interact in the labor market. The class will move beyond the Economics 29: basics of labor supply and demand to cover such International Finance and Open-Econo topics as human capital investment, the structure my Macroeconomics and determinants of financial compensation and This course covers introductory material in benefits packages, contract negotiations and the area of international monetary theory and arbitration. Additionally, since many of the pressing policy. It examines the behavior of international problems facing the United States are labor market financial markets, the balance of payments and issues, this course will provide a basis for better exchange rates, interactions between the balance understanding of nationally-debated issues such of payments, the exchange rate and domestic as reforms of the welfare system, the income tax economic activity and ways of organizing the system, immigration policy, and affirmative action international monetary system. programs. Prerequisite: Economics 22, or permission of Prerequisite: Economics 1. the instructor. Dist: SOC. Dist: SOC. or INT.

www.dartmouth.edu/~economic

COURSE DESCRIPTIONS
Economics 35: Games and Economic Behavior Game theory is the study of strategic behavior in situations in which the decision makers are aware of the interdependence of their actions. This course introduces the basic notions of game theory with an emphasis on economic applications. The topics covered are static and dynamic games with complete information; static and dynamic games with incomplete information; and the refinements of equilibrium concepts. The main applications will be in industrial organization: examples include competition and cooperation in the Cournot and Bertrand oligopoly, durable goods monopolist, entry deterrence, predation, price discrimination, and commitment. Applications to other fields, such as job market signaling, efficiency wages, bargaining, provision of public goods, and monetary policy, will be discussed as well. Prerequisites: Economics 10, 21 and Mathematics 3, or permission of the instructor. Dist: SOC. Economics 38: Urban and Land Use Economics This course is about the location of economic activities. The central focus is on urban areas and attendant problems in public economics, but some attention is given to agricultural, natural resource, and environmental issues. Topics include housing markets, transportation, local government structure, property taxes, resource depletion, and zoning and land use controls. Economics 72 may be substituted for Economics 38 in the Economics 28-38 sequence. Prerequisite: Economics 1. Dist: SOC. Economics 39: International Trade

This course deals with the causes and consequences of international trade and factor movements. Topics covered include theories of why nations trade, the consequences of trade for economic welfare and the distribution of income, the determinants of trade patterns, the tariff and Economics 36: other forms of commercial policy, trade policies Theory of Finance of selected countries, and the formation of the This course studies decision making under risk multinational corporation. and uncertainty, capital budgeting and investment Prerequisite: Economics 1. decisions, portfolio theory and the valuation of Dist: SOC. or INT. risky assets, efficiency of capital markets, option pricing, and problems of asymmetric information. Prerequisites: Economics 10, 21, and 26, or Economics 44: permission of the instructor. Topics in Development Economics Dist: SOC. This seminar considers microeconomic aspects of the causes and consequences of extreme poverty in the developing world. Recent research on topics such child labor, credit, education, environmental degradation, fertility, gender discrimination, health, HIV/AIDs, insurance, malnutrition, social capital, and technology adoption will be considered in depth. Topics vary from year to year. Students are required to write a major research paper. Prerequisites: Econ 20, 21, and 24. Dist: SOC or INT. WCult: NW.

Dartmouth College Economics Department

10

COURSE DESCRIPTIONS
Economics 45: Topics in Industrial Organization This course examines selected topics in business strategy and public policies designed to facilitate competition. These topics include market power, price discrimination, entry, product differentiation, vertical integration, regulation, and anti-trust. Students will discuss a broad range of papers on empirical industrial organization, apply concepts in a competitive strategy game, and write a major paper. Prerequisites: Economics 20, 21 and 25. Dist: SOC. Economics 46: Topics in Money and Finance Dist: SOC. Economics 48: Topics in Public Economics This seminar provides an in-depth examination of selected topics in public economics. Topics vary from year to year, but many include the analyses of the economic effects of social insurance programs, such as Social Security, Medicare, Medicaid, and other public assistance; the economics of health and aging; the effects of taxation on household and corporate financial behavior; the effects of taxation on labor supply, saving, and investment decisions; the economics of public goods and externalities; optimal taxation; and, theories of government structure and decision making at the federal, state, and local levels. Will require writing a major paper. Prerequisites: Economics 20, 21 and 28. Dist: SOC.

A seminar course covering in depth such selected topics as the following: the theory of financial institutions; banking panics; the excess variability of asset prices; finance constraints and capital market imperfections; the theory of monetary policy; inflation and financial markets; debt and Economics 49: deficits. Will require writing a major paper. Topics in International Economics Prerequisites: Economics 20, 22, and 36. This seminar will cover selected topics in Dist: SOC. international trade and finance beyond those covered in Economics 29 and 39. Offerings in the Economics 47: next few years are expected to include current Topics in Labor Economics research on (1) financial crises in emerging This seminar provides an in-depth examination markets, (2) the role of trade, open capital markets, of selected topics in labor economics, with an and financial development on growth in developing emphasis on recent empirical studies. Topics will countries, (3) the determinants and consequences vary from year to year. In past years topics have of foreign direct investment, (4) the impact of the included aspects of human capital investments; multilateral trade agreements on world trade, and differential effects on earnings of not only race (5) issues related to globalization. Will require and gender, but also such things as height and writing a major paper. Prerequisites: Economics 20, 21, 22, 29 and 39. beauty; earnings determinants, including studies Dist: SOC. or INT. of CEO compensation, the use of tournaments as a pay scheme and compensating differentials; real effects of union conflict and workplace cooperation; and historical changes in skill-levels and earnings in the finance industry; and other topics related to labor market policies and wage determination. Will require writing a major paper. Prerequisites: Economics 20 and 27.
11

www.dartmouth.edu/~economic

COURSE DESCRIPTIONS
Economics 70-79 Topics in Economics From time to time special seminars or experimental courses will be offered in the 70-79 series. Examples of titles of courses that might be offered are: Economic History of the United States; Economics of Education; Mathematical Economics; History of Economic Thought; Economic Development; Comparative Economic Systems; The Economics of Technological Change; Law and Economics; Economic Regulation and Regulatory Reform. Economics 75: Environmental and Energy Economics This course examines environmental and energy issues from an economics perspective. The course begins by discussing fundamental concepts in environment economics including cost benefit analysis and economic valuation of the environment. We also explore issues of policy design from an efficiency perspective. The class is introduced to issues of energy economics, including oil, natural gas, and electricity markets, renewables policy, transportation policies, and climate change policies. Finally, the course examines environmental issues related to trade, development, public finance, and competitive strategy. Prerequisites: Economics 1 and Math 3. Dist: SOC.

Economics 72: Law and Economics Economic analysis of property and land-use law, including zoning and environmental law. Covers such topics as the Coase theorem, property rules versus liability rules, eminent domain, regulatory takings, the efficiency of compensation, and the comparative advantage of the judiciary over legislatures. A paper based on case materials is required. Economics 72 may be substituted for Economics 38 in the Economics 28-38 sequence. Prerequisite: Economics 1. Dist: SOC.

Economics 76. The Financial Crisis of the Noughties Topics covered will include (but are not limited to) : recent developments in financial and equity markets, labor markets and housing markets during the financial crisis; bubbles, black swans, financial contagion and herds; bank failure, TARP, TALF, TSLF and equivalents. Monetary and fiscal policy responses including quantitative easing will be examined. Direct comparisons will be drawn with the Great Depression and other financial crises. Prerequisite: Economics 20, 22 and 26. Dist: INT or SOC.

Dartmouth College Economics Department

12

COURSE DESCRIPTIONS
Economics 80: Advanced Topics in Econometrics This course has two goals: (1) To further develop techniques that test for and remedy common problems associated with linear and non-linear regression analysis; (2) to develop a practical understanding of how regression analysis can be used to examine the empirical relevance of economic theory. Prerequisites: Economics 20, 21 and 22 with a grade of A- or better or permission of instructor. Dist: SOC. Economics 85: Independent Study in Economics

This course offers an opportunity for a student to do independent work under the direction of a member of the Department. It is required of all majors in the honors program who do not initiate their honors work in their 40-level course; they will be expected to do the preliminary work on their honors theses in this course. For students who take this course in order to engage in independent study of a topic of interest rather than as a part of honors work, the prerequisite background will consist of all the regularly offered courses in the chosen field of study. Such a student will normally be expected to prepare, prior to the taking of Economics 85, a Economics 81: prospectus and a list of readings pertaining to the Advanced Topics in Microeconomics study he or she wishes to pursue. This is an advanced course on the economics of Prerequisite: Permission of the Vice Chair and information. The focus of the course is a rigorous of the Department faculty member who will be mathematical treatment of the value of information, advising the student. moral hazard, learning, adverse selection, and signaling. Applications to labor markets, corporate governance, financial markets, and insurance will Economics 87: be discussed. Senior Thesis Prerequisites: Economics 20, 21 and 22 with As explained above under Economics Honors a grade of A- or better or permission of the Program, selected students will be invited to enroll instructor. in Economics 87 after they have completed their Dist: SOC. 40-level course. Alternatively, a student can initiate honors work in Economics 85 and then enroll in Economics 87 with the approval of the students Economics 82: adviser and the Vice Chair. Honors students will Advanced Topics in Macroeconomics The purpose of this course is to study in depth normally take Economics 87 in the term following selected topics in Macroeconomics. Topics will their enrollment in Economics 85, or alternatively, include consumption, savings and investment; following their enrollment in a 40-level course in dynamic inconsistency and the design of monetary which a thesis has been started. Prerequisite: Permission of the Vice Chair, and fiscal policies, multiple equilibria, bubbles and permission of the Department faculty member cycles, and economic growth. who will be advising the student, and, in the Prerequisites: Economics 20, 21 and 22 with case that the research was begun in a 40-level a grade of A- or better or permission of the course, the permission of the faculty member instructor. who taught the 40-level course in which the Dist: SOC. thesis topic and the research were developed.

13

www.dartmouth.edu/~economic

Faculty

I n f o r m a t i o n

P a t r i c i a A n d erson - Professor of Economics R E S E A R C H I NTERESTS: Economics of Obesity, Social Insurance, Labor M a r k e t s S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
I s Being in School Better? The Im p a c t o f S c h o o l o n C h i l d r e n s B M I W h e n S t a r t i n g A ge is Endogenous with Kristin B u t c h e r, E l i z a b e t h C a s c i o a n d D i a n e S c h a n ze n b a c h . J ournal of Health Economics, forth c o m i n g . Maternal Employment in Handboo k o f S o c i a l S c i e n c e o f O b e s i t y . ( 2 0 11 ) J o hn C a w l e y, e d. Oxford: Oxford University Pres s . Adequate (or Adipose?) Yearly Pr o g r e s s : A s s e s s i n g t h e E ff e c t o f N o C h i l d L e f t B e h i n d o n Childrens Obesity. with Kristin B u t c h e r a n d D i a n e S c h a n z e n b a c h . ( 2 0 11 , M a r c h ) . N BER Working Paper #16873.

D a v i d G . B l a nchflower - Bruce V. Rauner 1978 Professorship R E S E A R C H I NTERESTS: Wage Determination, Happiness, Self-employm e n t a n d Unions S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Youth unemployment in Europe an d t h e U n i t e d S t a t e s w i t h D a v i d B e l l . ( f o r t h c o m i n g ) N ordic Economic Policy Review . Young people and the recession w i t h D a v i d B e l l . ( f o r t h c o m i n g ) O x f o r d E c o n o m i c P olicy Revie w . I nternational happiness: a new vie w o n t h e m e a s u r e o f p e r f o r m a n c e w i t h A n d r e w O swald. (2011, February). The Aca d e m y o f M a n a g e m e n t P e r s p e c t i v e s , 6 - 2 2 .

E l i z a b e t h C a scio - Assistant Pr ofessor of Economics R E S E A R C H I NTERESTS: Education, Childrens Well-Being, Applied Econometrics. S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Cracks in the Melting Pot: Immigr a t i o n , S c h o o l C h o i c e , a n d S e g r e g a t i o n w i t h E t h a n L ewis. (forthcoming). American Ec o n o m i c J o u r n a l : E c o n o m i c P o l i c y. Paying for Progress: Conditional G r a n t s a n d t h e D e s e g r e g a t i o n o f S o u t h e r n S c h o o l s w ith Nora Gordon, Ethan Lewis, an d S a r a h R e b e r. ( 2 0 1 0 , F e b r u a r y ) . T h e Q u a r t e r l y J ournal of Economics , 125(1), 445 - 4 8 2 . Maternal Labor Supply and the In t r o d u c t i o n o f K i n d e r g a r t e n s i n t o A m e r i c a n P u b l i c S chools (2009, Winter) The Journ a l o f H u m a n R e s o u r c e s , 4 4 ( 1 ) , 1 4 0 - 1 7 0 .

Dartmouth College Economics Department

14

Faculty

I n f o r m a t i o n

Ta r y n D i n k e l man - Assistant Professor of Economics R E S E A R C H I NTERESTS: Development Economics, Labor Economics, Ap p l i e d Micro-Econometrics S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
The effects of rural electrification o n e m p l o y m e n t : N e w e v i d e n c e f r o m S o u t h A f r i c a ( f orthcoming). American Economic R e v i e w . I nvesting in schooling in Chile wi t h C l a u d i a M a r t n e z - A . ( f o r t h c o m i n g ) C E P R D iscussion Paper No. 8375. Evidence on the impact of minimu m w a g e l a w s i n a n i n f o r m a l s e c t o r : D o m e s t i c w o r k e rs in South Africa with V. Ranchh o d . ( 2 0 11 ) . R e s e a r c h P r o g r a m i n D e v e l o p m e n t S tudies Working Paper No. 271.

E r i c V. E d m o nds - Associate Professor of Economics R E S E A R C H I NTERESTS: Child Labor, Education, Development, Demogra p h y S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Trade Adjustment and Human Cap i t a l I n v e s t m e n t s : E v i d e n c e f r o m I n d i a n Ta r i ff R eform with N. Pavcnik and P. To p a l o v a . ( 2 0 1 0 , O c t o b e r ) A m e r i c a n E c o n o m i c J ournal: Applied Economics. C hild Labor and the Transition betw e e n S c h o o l a n d W o r k . ( e d i t o r w i t h R . A k e e a n d K . Tatsiramos). (2010). Emerald Gro u p P u b l i s h i n g . Child Labor (2008). Handbook of D e v e l o p m e n t E c o n o m i c s Vo l u m e 4 : T. P. S h u l t z a n d J . Strauss, eds.

J a m e s D . F e yrer - Associate Professor of Economics R E S E A R C H I NTERESTS: Economic Growth, Macroeconomics S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Colonialism and Modern Income - - I s l a n d s a s N a t u r a l E x p e r i m e n t s , w i t h B r u c e S acerdote. (2009, May). Review of E c o n o m i c s a n d S t a t i s t i c s , 9 1 ( 2 ) , 2 4 5 - 2 6 2 . The Marginal Product of Capital, w i t h F r a n c e s c o C a s e l l i . ( 2 0 0 7 , M a y ) . Q u a r t e r l y J ournal of Economics , CXXII(2): 5 3 5 - 5 6 8 . Demographics and Productivity, ( 2 0 0 7 , F e b r u a r y ) . R e v i e w o f E c o n o m i c s a n d S tatistics, 89(1): 100-109.

15

www.dartmouth.edu/~economic

Faculty

I n f o r m a t i o n

Wi l l i a m A . F i schel - Professor of Economics and Robert C. 1925 and H i l d a Hardy Professor of Legal Studies R E S E A R C H I NTERESTS: Local Government, Land Use Controls, Property Ta x S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Making the Grade: The Economic E v o l u t i o n o f A m e r i c a n S c h o o l D i s t r i c t s ( 2 0 0 9 ) . C hicago: University of Chicago Pre s s . T he Homevoter Hypothesis: How H o m e Va l u e s I n f l u e n c e L o c a l G o v e r n m e n t Ta x a t i o n , S chool Finance, and Land-Use P o l i c i e s . ( 2 0 0 1 ) . C a m b r i d g e : H a r v a r d U n i v e r s i t y P ress, Harvard University Press. R egulatory Takings: Law, Economi c s , a n d P o l i t i c s . ( 1 9 9 5 ) C a m b r i d g e : H a r v a r d U niversity Press.

A l a n L . G u s t man - Loren M. Berry Professor of Economics and Departm e n t Chair R E S E A R C H I NTERESTS: Retirement, Pensions & Social Security, Labor M a r k e t Policies. S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Pensions in the Health and Retire m e n t S t u d y , w i t h T h o m a s S t e i n m e i e r a n d N a h i d Tabatabai. (2010). Cambridge: Har v a r d U n i v e r s i t y P r e s s . Financial Knowledge And Financia l L i t e r a c y A t T h e H o u s e h o l d L e v e l w i t h T h o m a s S teinmeier and Nahid Tabatabai. N B E R Wo r k i n g P a p e r 1 6 5 0 0 . S e p t e m b e r, 2 0 1 0 . F orthcoming, American Economic R e v i e w P a p e r s a n d P r o c e e d i n g s , M a y 2 0 1 2 . What the Stock Market Decline Me a n s f o r t h e F i n a n c i a l S e c u r i t y a n d R e t i r e m e n t C hoices of the Near-Retirement Po p u l a t i o n w i t h T h o m a s S t e i n m e i e r a n d N a h i d Tabatabai. (2010, Winter). Journal o f E c o n o m i c P e r s p e c t i v e s , 2 4 ( 1 ) , 1 6 1 - 1 8 2 .

D o u g l a s A . I rwin - Robert E. Maxwell 23 Professor of Arts and Science s a n d Professor of Economics R E S E A R C H I NTERESTS: Trade and Commercial Policy S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Trade Policy Disaster: Lessons fro m t h e 1 9 3 0 s . C a m b r i d g e : M I T P r e s s , 2 0 1 2. P eddling Protectionism: Smoot-Ha w l e y a n d t h e G r e a t D e p r e s s i o n . P r i n c e t o n : P rinceton University Press, 2011. The Slide to Protectionism in the G r e a t D e p r e s s i o n : W h o S u c c u m b e d a n d W h y ? ( w i t h B arry Eichengreen), Journal of Eco n o m i c H i s t o r y 7 0 ( D e c e m b e r 2 0 1 0 ) : 8 7 2 - 8 9 8 .

Dartmouth College Economics Department

16

Faculty

I n f o r m a t i o n

R o b e r t C . J o hnson - Assistant Professor of Economics R E S E A R C H I NTERESTS: International Trade, International Macroeconom i c s , Economic Growth S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Vertical Linkages and the Collaps e o f G l o b a l Tr a d e w i t h R u d o l f s B e m s a n d K e i - M u Yi . ( 2011, May) American Economic R e v i e w P a p e r s a n d P r o c e e d i n g s , 1 0 1 ( 2 ) Demand Spillovers and the Collap s e o f Tr a d e i n t h e G l o b a l R e c e s s i o n w i t h R u d o l f s B ems and Kei-Mu Yi. (2010, Decem b e r ) . I M F E c o n o m i c R e v i e w , 5 8 ( 2 ) . Accounting for Intermediates: Pro d u c t i o n S h a r i n g a n d Tr a d e i n Va l u e A d d e d w i t h G uillermo Noguera. (Revised: May 2 0 11 )

M e i r K o h n - Professor of Economics R E S E A R C H I NTERESTS: Financial Systems, Financial and Economic His t o r y, Economics of Institutions S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
H ow and Why Economies Develop a n d G r o w : L e s s o n s f r o m P r e i n d u s t r i a l E u r o p e a n d C hina (book manuscript, draft chap t e r s d o w n l o a d a b l e f r o m h t t p : / / w w w. d a r t m o u t h . e du/~mkohn/) Value and Exchange (2004 Fall) C a t o J o u r n a l , 2 4 ( 3 ) , 3 0 3 - 3 3 9 . Monetary Analysis, the Equilibrium M e t h o d , a n d K e y n e s s G e n e r a l T h e o r y ( 1 9 8 6 ) J ournal of Political Economy , 94 , 11 9 1 - 1 2 2 4 .

E t h a n L e w i s - Assistant Professor of Economics R E S E A R C H I NTERESTS: Technological Change, Immigration, and Educa t i o n S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Cracks in the Melting Pot: Immigra t i o n , S c h o o l C h o i c e , a n d S e g r e g a t i o n w i t h E lizabeth Cascio. Forthcoming, Am e r i c a n E c o n o m i c J o u r n a l : E c o n o m i c P o l i c y. I mmigration, Skill Mix, and Capita l - S k i l l C o m p l e m e n t a r i t y. ( 2 0 11 , M a y ) Q u a r t e r l y J ournal of Economics 126 (2), 102 9 - 1 0 6 9 . Should the PC be Considered a Te c h n o l o g i c a l R e v o l u t i o n ? E v i d e n c e f r o m U S Metropolitan Areas with Paul Beau d r y a n d M a r k D o m s . ( 2 0 1 0 , O c t o b e r ) J o u r n a l o f P olitical Eco nomy 118(5), 988-103 6 .

17

www.dartmouth.edu/~economic

Faculty

I n f o r m a t i o n

E r z o F. P. L u t tmer - Associate Professor of Economics R E S E A R C H I NTERESTS: Public Economics, Behavioral Economics, Polit i c a l Economy S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Would People Behave Differently I f T h e y B e t t e r U n d e r s t o o d S o c i a l S e c u r i t y ? E v i d e n c e F rom a Field Experiment with Jeff r e y L i e b m a n . ( 2 0 11 , A u g u s t ) N B E R Wo r k i n g P a p e r n o. 17287. Culture, Context, and the Taste fo r R e d i s t r i b u t i o n w i t h M o n i c a S i n g h a l . ( 2 0 11 , F ebruary) American Economic Jou r n a l : E c o n o m i c P o l i c y 3 ( 1 ) , 1 5 7 - 1 7 9 . Neighbors as Negatives: Relative E a r n i n g s a n d We l l - B e i n g ( 2 0 0 5 ) . Q u a r t e r l y J o u r n a l o f Economics, 120(3), 963-1002 .

E r i n M a n s u r - Associate Professor of Economics R E S E A R C H I NTERESTS: Industrial Organization, Environmental Econom i c s , Energy Economics, and Regulation S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
What Do Emissions Markets Deliv e r a n d t o W h o m ? E v i d e n c e f r o m S o u t h e r n C alifornias NOx Trading Program w i t h M e r e d i t h F o w l i e a n d S t e p h e n P. H o l l a n d . ( f orthcoming). American Economic R e v i e w . Measuring Welfare in Restructure d E l e c t r i c i t y M a r k e t s ( 2 0 0 8 , M a y ) . R e v i e w o r E conomics and Statistics, 90(2), 3 6 9 - 3 8 6 . Vertical Arrangements, Market Str u c t u r e s , a n d C o m p e t i t i o n : A n A n a l y s i s o f R estructured U.S. Electricity Mark e t s w i t h J i m B u s h n e l l a n d C e l e s t e S a r a v a r i a . ( 2 0 0 8 , March). American Economics Revi e w, 9 8 ( 1 ) , 2 3 7 - 2 6 6 .

N a n c y P. M a r ion - The George J. Records 1956 Professor of Economics R E S E A R C H I NTERESTS: Financial Crises, Exchange-Rate Policy, Open-E c o n o m y Macroeconomics S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Using Inflation to Erode the U.S. P u b l i c D e b t w i t h J . A i z e n m a n . J o u r n a l o f Macroeconomics (forthcoming 201 2 ) . I nternational Risk Sharing During t h e G l o b a l i z a t i o n E r a w i t h R . F l o o d a n d A . Matsumoto. Canadian Journal of E c o n o m i c s ( f o r t h c o m i n g 2 0 1 2 ) . Getting Shut Out of the Internatio n a l C a p i t a l M a r k e t s : I t D o e s n t Ta k e M u c h w i t h R . F lood. (2009). Review of Internatio n a l E c o n o m i c s 1 7 ( 5 ) , 8 7 9 - 8 8 9 .

Dartmouth College Economics Department

18

Faculty

I n f o r m a t i o n

A n d r e a s M o xnes - Assistant Professor of Economics R E S E A R C H I NTERESTS: International Trade, Econometrics, Computation a l Economics S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Manufacturing Restructuring and t h e R o l e o f R e a l E x c h a n g e R a t e S h o c k s : A F i r m L evel Analysis with Karolina Ekho l m a n d K a r e n H e l e n e U l l t v e i t - M o e . ( f o r t h c om i n g ) J ournal of International Economics . Are Sunk Costs in Exporting Coun t r y - S p e c i f i c ? ( 2 0 1 0 ) . C a n a d i a n J o u r n a l o f E conomics . The Margins of Multinational Prod u c t i o n a n d t h e R o l e o f I n t r a f i r m Tr a d e w i t h A l f o n s o I r arrazabal and Luca David Oprom o l l a . ( 2 0 1 0 ) . C E P R D i s c u s s i o n P a p e r 7 1 4 5 .

E l i a s P a p a i o annou - Assistant Professor of Economics R E S E A R C H I NTERESTS: Development and Growth, International Econom i c s , Political Economics S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Divide and Rule or the Rule of the D i v i d e d ? E v i d e n c e f r o m A f r i c a w i t h S . Michalopoulos. (2011, June). NBER W P 1 7 1 8 4 . Financial Regulation, Financial Gl o b a l i z a t i o n , a n d t h e S y n c h r o n i z a t i o n o f E c o n o m i c A ctivity with S. Kalemli-Ozcan and J . - L . P e y d r o . ( 2 0 1 0 , F e b r u a r y ) . N B E R W P 1 4 8 8 7 . Estimating Cross-Industry Cross-C o u n t r y M o d e l s U s i n g B e n c h m a r k I n d u s t r y C haracteristics with A. Ciccone. ( 2 0 1 0 , O c t o b e r ) . C E P R D i s c u s s i o n P a p e r 8 0 5 6 .

N i n a P a v c n i k - Professor of Economics and The Niehaus Family Profes s o r s h i p in International Studies R E S E A R C H I NTERESTS: International Trade and Trade Policy, Empirical Industrial Organization S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
I mported Intermediate Inputs and D o m e s t i c P r o d u c t G r o w t h : E v i d e n c e f r o m I n d i a w i t h P. Goldberg, A. Khandelwal, and P. To p a l o v a . ( 2 0 1 0 ) . Q u a r t e r l y J o u r n a l o f E c o n o m i c s 1 25(4), 1727-1767. Multi-product Firms and Product Tu r n o v e r i n t h e D e v e l o p i n g Wo r l d : E v i d e n c e f r o m I ndia with P. Goldberg, A. Khande l w a l , a n d P. To p a l o v a . ( 2 0 1 0 ) . R e v i e w o f E c o n o m i c s a nd Statistics , 92 (4), 1042-1049. Trade Adjustment and Human Cap i t a l I n v e s t m e n t : E v i d e n c e f r o m I n d i a n Ta r i ff R eforms wit h E. Edmonds and P. To p a l o v a . ( 2 0 1 0 ) . A m e r i c a n E c o n o m i c J o u r n a l : A pplied Economics , 2(4), 42-75.

19

www.dartmouth.edu/~economic

Faculty

I n f o r m a t i o n

B r u c e S a c e r dote - Richard S. Braddock 1963 Professorship in Economi c s a n d 2010-2012 Department Vice Chair R E S E A R C H I NTERESTS: Child and Youth Outcomes, Education, Law and Economics, Causal Inference S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Katrinas Children: Evidence on th e S t r u c t u r e o f P e e r E ff e c t s w i t h S c o t t I m b e r m a n a nd Adriana Kugler. (forthcoming) A m e r i c a n E c o n o m i c R e v i e w. Did the Stimulus Stimulate? Real Ti m e E s t i m a t e s o f t h e E ff e c t s o f t h e A m e r i c a n R ecovery and Reinvestment Act w i t h J a m e s F e y r e r. When The Saints Go Marching Ou t : L o n g Te r m O u t c o m e s F o r S t u d e n t E v a c u e e s F r o m H urricanes Katrina And Rita. (for t h c o m i n g ) A m e r i c a n E c o n o m i c J o u r n a l .

A n d r e w A . S amwick - Sandra L. and Arthur L. Irving 72a, P10 Profess o r s h i p o f Economics and the Director of The Nelson A. Roc k e f e l l e r Center R E S E A R C H I NTERESTS: Financial Markets, Managerial Behavior, Pensio n s a n d Social Security, Saving, Taxation S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Moral Hazard in the Policy Respo n s e t o t h e 2 0 0 8 F i n a n c i a l M a r k e t M e l t d o w n . ( 2 0 0 9 , Winter) Cato Journal , 29, 131-139. Changing Progressivity as a Mean s o f R i s k P r o t e c t i o n i n I n v e s t m e n t - B a s e d S o c i a l S ecurity Reform (2009). Jeffrey R . B r o w n , J e ff r e y L i e b m a n , a n d D a v i d A . W i s e ( e d s . ) S ocial Secur ity Policy in a Changin g E n v i r o n m e n t . C h i c a g o : U n i v e r s i t y o f C h i c a g o P ress, 299-327. Disability Risk and the Value of D i s a b i l i t y I n s u r a n c e w i t h A m i t a b h C h a n d r a . ( 2 0 0 8 ) . D avid M. Cutler and David A. Wise ( e d s . ) H e a l t h a t O l d e r A g e s : T h e C a u s e s a n d C onsequences of Declining Disabi l i t y A m o n g t h e E l d e r l y . C h i c a g o : U n i v e r s i t y o f C hicago Press, 295-336.

S i m o n e S c h aner - Assistant Professor of Economics R E S E A R C H I NTERESTS: Development Economics and Applied Microecon o m i c s S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
I ntrahousehold Preference Hetero g e n e i t y, C o m m i t m e n t , a n d S t r a t e g i c S a v i n g s : T h e o r y a nd Evidence from Kenya. (2011). The Cost of Convenience? Transa c t i o n C o s t s , B a r g a i n i n g P o w e r, a n d S a v i n g s A c c o u n t U se in Kenya. (2011). Price Subsidies, Diagnostic Tests , a n d Ta r g e t i n g o f M a l a r i a Tr e a t m e n t : E v i d e n c e f r o m a Randomized Controlled Trial wit h J e s s i c a C o h e n a n d P a s c a l i n e D u p a s . ( 2 0 11 ) .
Dartmouth College Economics Department
20

Faculty

I n f o r m a t i o n

J o s h u a S c h wartzstein - Assistant Professor of Economics R E S E A R C H I NTERESTS: Behavioral Economics, Microeconomic Theory S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
I nsuring the Health of Behavioral C o n s u m e r s w i t h K a t h e r i n e B a i c k e r a n d S e n d h i l Mullainathan. (2011). Selective Attention and Learning ( 2 0 1 0 ) . Coarse Thinking and Persuasion w i t h S e n d h i l M u l l a i n a t h a n a n d A n d r e i S h l e i f e r. ( 2008, May). Quarterly Journal of E c o n o m i c s , 1 2 3 ( 2 ) : 5 7 7 - 6 1 9 .

J o h n T. S c o t t - Professor of Economics R E S E A R C H I NTERESTS: Industrial Organization and Public Policy, R&D a n d Technological Change S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Employment Growth from Public S u p p o r t o f I n n o v a t i o n i n S m a l l F i r m s w i t h A l b e r t N . L ink. forthcoming. W. E. Upjohn In s t i t u t e f o r E m p l o y m e n t R e s e a r c h . Government as Entrepreneur: Eva l u a t i n g t h e C o m m e r c i a l i z a t i o n S u c c e s s o f S B I R P rojects wit h Albert N. Link. (2010 , J u n e ) . R e s e a r c h P o l i c y , 3 9 ( 5 ) , 5 8 9 - 6 0 1 . Competition in Research and Dev e l o p m e n t : A T h e o r y f o r C o n t r a d i c t o r y P r e d i c t i o n s . ( 2009, March). Review of Industria l O r g a n i z a t i o n , 3 4 ( 2 ) , 1 5 3 - 1 7 1 .

J o n a t h a n S k inner - Joan Sloan Dickey Third Century Professor in the S o c i a l Sciences; Professor of Economics, Community and F a m i l y Medicine R E S E A R C H I NTERESTS: Public Economics, Saving Behavior, Health Eco n o m i c s S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Technology Growth and Expenditu r e G r o w t h i n H e a l t h C a r e w i t h A m i t a b h C h a n d r a . ( f orthcoming). Journal of Economic L i t e r a t u r e . A Pragmatists Guide to Comparat i v e E ff e c t i v e n e s s R e s e a r c h w i t h C h a n d r a , A . a n d A B Jena.(2011, Spring). Journal of E c o n o m i c P e r s p e c t i v e s , 2 5 ( 2 ) : 2 7 - 4 6 . Regional Variations in Diagnostic P r a c t i c e s w i t h S o n g , Y. , J . B y n u m , J . S u t h e r l a n d , J . Wennberg, E. Fisher. (2010, July). N e w E n g l a n d J o u r n a l o f M e d i c i n e , 3 6 3 : 4 5 - 5 3 .

21

www.dartmouth.edu/~economic

Faculty

I n f o r m a t i o n

C h r i s t o p h e r Snyder - Joel Z. and Susan Hyatt Professor of Economics R E S E A R C H I NTERESTS: Industrial Organization, Microeconomic Theory, L a w a n d Economics S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Economic Perspectives on the Adv a n c e M a r k e t C o m m i t m e n t f o r P n e u m o c o c c a l Vaccines with Wills Begor and Ern s t R . B e r n d t . ( 2 0 11 , A u g u s t ) . H e a l t h A f f a i r s , 3 0 ( 8 ) , 1 508-1517. Microeconomic Theory: Basic Prin c i p l e s a n d E x t e n s i o n s w i t h Wa l t e r N i c h o l s o n . ( 2 0 11 ) 11th edition, South-Western. Should Firms Be Allowed to Indem n i f y T h e i r E m p l o y e e s f o r S a n c t i o n s ? w i t h Wa l l a c e Mullin. (April 2010). Journal of Law, E c o n o m i c s , & O r g a n i z a t i o n , 2 6 ( 1 ) , 3 0 - 5 3.

D o u g l a s S t a i ger - John French Professor of Economics R E S E A R C H I NTERESTS: Health Economics, Economics of Education, Ap p l i e d Econometrics S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
I dentifying Effective Teachers Usi n g P e r f o r m a n c e o n t h e J o b w i t h R o b e r t G o r d o n a nd Thomas Kane. (2006) The Ham i l t o n P r o j e c t W h i t e P a p e r 2 0 0 6 - 0 1 , T h e H a m i l t o n P roject, Washington, D.C.. Productivity Spillovers in Healthca r e : E v i d e n c e F r o m t h e Tr e a t m e n t o f H e a r t A t t a c k s w ith Amitabh Chandra. (2007, Feb r u a r y ) J o u r n a l o f P o l i t i c a l E c o n o m y , 11 5 ( 1 ) , 1 0 3 - 1 4 0 . I ndirect vs. Direct Hospital Qualit y I n d i c a t o r s f o r Ve r y L o w - B i r t h - We i g h t I n f a n t s w ith Jeannet te Rogowski, Jeffrey H o r b a r, M i c h a e l K e n n y, J o s e p h C a r p e n t e r, J e ff r e y G eppert. (2004, January, 14) JAMA, 2 9 1 ( 2 ) , 2 0 2 - 2 0 9 .

S a n d i p S u k h tankar - Assistant Professor of Economics R E S E A R C H I NTERESTS: Development Economics, Political Economy, Ap p l i e d Microeconomics S E L E C T E D P UBLICATIONS OR RESEARCH PAPERS
Sweetening the Deal? Political Co n n e c t i o n s a n d S u g a r M i l l s i n I n d i a ( f o r t h c o m i n g ) A merican Economic Journal: Appli e d E c o n o m i c s . Corruption Dynamics: The Golden G o o s e E ff e c t w i t h P a u l N i e h a u s . ( 2 0 0 9 ) B R E A D Working Paper 223. Marginal Le akage in Public Progra m s w i t h P a u l N i e h a u s . ( Wo r k i n g P a p e r )

Dartmouth College Economics Department

22

Faculty

I n f o r m a t i o n

S t e v e n F. Ve nti - DeWalt H. 1921 & Marie H. Ankeny Professorship in Ec o n o m i c s R E S E A R C H I NTERESTS: Tax Policy, Savings Behavior, Housing, Wealth Accumulation S E L E C T E D PUBLICATIONS OR RESEARCH PAPERS
Were They Prepared for Retireme n t ? F i n a n c i a l S t a t u s a t A d v a n c e d A g e s w i t h J . P oterba and D. Wise. (2011, May). P r e s e n t e d a t N B E R C o n f e r e n c e o n A g i n g , C a r e f r e e A Z. The Drawdown of Personal Retire m e n t A s s e t s w i t h J . P o t e r b a a n d D . W i s e . ( 2 0 11 , J anuary). NBER Working Paper No . 1 6 6 7 5 . The Asset Cost of Poor Health w i t h J . P o t e r b a a n d D . W i s e . ( 2 0 1 0 , S e p t e m b e r ) . N BER Working Paper No. 16389.

J o n a t h a n Z i nman - Associate Professor of Economics R E S E A R C H I NTERESTS: Household Finance, Psychology & Economics, F i e l d Experiment and Survey Methodology, Developm e n t , Public Finance S E L E C T E D PUBLICATIONS OR RESEARCH PAPERS
Microcredit in Theory and Practice : U s i n g R a n d o m i z e d C r e d i t S c o r i n g f o r I m p a c t E valuation with Dean Karlan. Scie n c e , 3 3 2 ( 6 0 3 5 ) , 1 2 7 8 - 1 2 8 4 . Fuzzy Math, Disclosure Regulatio n , a n d C r e d i t M a r k e t O u t c o m e s : E v i d e n c e f r o m Truth-in-Lending Reform with Vict o t S t a n g o . ( 2 0 11 , F e b r u a r y ) . R e v i e w o f F i n a n c i a l S tudies, 24(2): 506-534. Observing Unobservables: Identif y i n g I n f o r m a t i o n A s y m m e t r i e s w i t h a C o n s u m e r C redit Field Experiment with Dean K a r l a n . ( 2 0 0 9 , N o v e m b e r ) . E c o n o m e t r i c a , 7 7 ( 6 ) , p p. 1993-2008.

E r ic Z i t z e w i tz - Associate Professor of Economics R E S E A R C H I NTERESTS: Agency Problems In Financial Services, Predict i o n Markets S E L E C T E D PUBLICATIONS OR RESEARCH PAPERS
Forensic Economics (forthcoming ) . J o u r n a l o f E c o n o m i c L i t e r a t u r e . Partisan Impacts on the Economy : E v i d e n c e f r o m P r e d i c t i o n M a r k e t s a n d C l o s e E lections with Erik Snowberg and J u s t i n Wo l f e r s . ( 2 0 0 1 , M a y ) . Q u a r t e r l y J o u r n a l o f E conomics , 807-829. Do Ads Influence Editors? Advert i s i n g a n d B i a s i n t h e F i n a n c i a l M e d i a w i t h J o n R euter. (200 6, February). Quarterl y J o u r n a l o f E c o n o m i c s .

23

www.dartmouth.edu/~economic

Faculty
P r o f e s s o r E l i sabeth Curtis P r o f e s s o r M a ura Doyle P r o f e s s o r M a rjorie Rose

I n f o r m a t i o n
Senior Lecturer Senior Lecturer Senior Lecturer

SENIOR LECTURERS Fall 2011 - Spring 2012

VISITING PROFESSORS Fall 2011 - Spring 2012 Professor Professor Professor Professor Av ner Bar-Ilan J e s se Giummo L a wrence Kreicher S e bastian Vollmer Visiting Professor Visiting Assistant Profess o r Visiting Professor Visiting Assistant Profess o r

Dartmouth College Economics Department

24

ECONOMICS MAJOR WORKSHEET

Pr e r e qu i s i t e s : E c o n omics 1 E c o n omics 10 M a t h ematics 3 Re q u i re m e n t I : E c o n omics 20 E c o n omics 21 E c o n omics 22 Term _______________ Term _______________ Term _______________ Term _______________ Term _______________ Term _______________

Re q u i re m e n t I I: Take any two of the following sequences. The two must app e a r i n diff e r e n t l i n e s o f the table. Note that at least one of the sequences must incl u d e a cu l m i n a t i n g e x p e rience (see below). Circle your two chosen sequences. F i eld D e v e l o p m e n t E c onomics In d u s t r i a l O r g a n ization M o n e y, B a n k i n g and Finance La b o r E c o n o m i c s Pu b l i c E c o n o m i cs* In t e r n a t i o n a l E c onomics Ad v a n c e d T h e o ry Possibility 1 Possibility 2 Possibility 3 P o s s i b i l i t y 4 24-44 24-27-44 24-39-44 25-75 25-45 25-75-45 26-36 26-36-46 27-47 27-24-47 27-24 28-38 28-48 28-38-48 29-39 29-39-49 80-81 81-82 80-82 80-81-82

* 7 2 o r 7 5 m a y b e substituted for 38 * I f y o u p r e v i o u s ly took 35, it may be substituted for 75 in the IO sequence o n l y. Re q u i re m e n t I I I: Circle your chosen culminating experience course from the l i s t b e l o w 44 45 46 47 48 49 80 82

Re q u i re m e n t I V: You must take total of six courses numbered above 22. Th i s i m p l i e s eit h e r o n e o r t w o additional courses beyond those circled above may be nece s s a r y, de p e n d i n g o n h o w many two-course sequences you have chosen. Fill in you r a d d i t i o n a l co u r s e s b e l o w : A d d i t i onal Course 1: ___________________________ A d d i t i onal Course 2: ___________________________ (if necessa r y )

Re q u i re m e n t V : Please check the ORC for complete Honors guidelines, but n o t e t h a t yo u m u s t h a v e 1 0 major courses inst ead of the usual 9 to be eligible for Hon o r s .
25

www.dartmouth.edu/~economic

Dartmouth College Economics Department

26

ECONOMICS MINOR WORKSHEET

Pre r e q u i s i t e s : E c o n o mics 1 E c o n o mics 10 M a t h e matics 3 Re q u i r e m e n t I : E c o n o mics 20 E c o n o mics 21 E c o n o mics 22 Term _______________ Term _______________ Term _______________ Term _______________ Term _______________ Term _______________

Re q u i r e m e n t I I: Take any of the following sequences. Note that each sequen c e i n c l u d e s a c u l m i n a t i n g e x p erience (see below) . Circle your chosen sequence. F i eld De v e l o p m e n t E c onomics Ind u s t ri a l O r g a n i zation Mo n e y, B a n k i n g and Finance La b o r E c o n o m i c s Pu b l i c E c o n o m i c s* Int e r n a t i o n a l E c onomics Ad v a n c e d T h e o r y Possibility 1 Possibility 2 Possibility 3 P o s s i b i l i t y 4 24-44 24-27-44 24-39-44 25-45 25-75-45 26-36-46 27-47 27-24-47 28-48 28-38-48 29-39-49 80-81 81-82 80-82 80-81-82

* 7 2 o r 7 5 m a y b e substituted for 38 * If y o u p r e v i o u s l y took 35, it may be substituted for 75 in the IO sequence on l y. Re q u i r e m e n t I I I: Circle your chosen culminating experience course from the l i s t b e l o w 44 45 46 47 48 49 80 82

Re q u i r e m e n t I V: You must take a total of three courses numbered above 2 2 . T h i s ma y i m p l y a n a d ditional course beyond those circled above if you chose a two - c o u r s e seq u e n c e . I f n e c essary, fill in your additional course below: A d d i t i onal Course 1: ___________________________(if necessar y )

27

www.dartmouth.edu/~economic

Dartmouth College Economics Department

28

ECON O M I C S M O D I F I E D M A J O R W O R K S H E ET
Pr e r e q u i s i t e s : E c o n omics 1 E c o n omics 10 M a t h ematics 3 Re q u i r e m e n t I : E c o n omics 20 E c o n omics 21 E c o n omics 22 Term _______________ Term _______________ Term _______________ Term _______________ Term _______________ Term _______________

Re q u i r e m e n t I I: Take any of the following sequences. Note that each seque n c e i n c l u d e s a c u l m i n a t i n g e x perience (see below). Circle your chosen sequence. F i eld D e v e l o p m e n t E conomics In d u s t r i a l O r g a n ization M o n e y, B a n k i n g and Finance La b o r E c o n o m i c s P u b l i c E c o n o m i cs* In t e r n a t i o n a l E c onomics A d v a n c e d T h e o ry Possibility 1 Possibility 2 Possibility 3 P o s s i b i l i t y 4 24-44 24-27-44 24-39-44 25-45 25-75-45 26-36-46 27-47 27-24-47 28-48 28-38-48 29-39-49 80-81 81-82 80-82 80-81-82

* 7 2 o r 7 5 m a y b e substituted for 38 * I f y o u p r e v i o u s ly took 35, it may be substituted for 75 in the IO sequence o n l y.

Re q u i r e m e n t I I I: Circle your chosen culminating experience course from the l i s t b e l o w 44 45 46 47 48 49 80 82

Re q u i r e m e n t I V: You must take a total of three courses numbered above 2 2 . T h i s ma y i m p l y a n a d ditional course beyo nd those circled above if you chose a tw o - c o u r s e se q u e n c e . I f n e cessary, fill in your additional course below: A d d i t ional Course 1: ___________________________ (if necessa r y )

Re q u i r e m e n t V : Four major courses from another Department/Program: 1 . _ _ _ __________, 2._____________, 3._____________, 4._____ _ _ _ _ _ _ _ _ Re q u i r e m e n t V I: Please check the ORC for complete Honors guidelines, bu t n o t e t h a t yo u m u s t h a v e 11 major courses instead of the usual 10 to be eligible for Ho n o r s .
29

www.dartmouth.edu/~economic

Economics Department Dartmouth College 301 Rockefeller Hall Hanover, NH 03755 Economics@dartmouth.edu 603-646-2538
Cover photos provided by Freefoto.com