Course Description




Economics is the study of the distribution of scarce resources. As such, it also involves the study of the production and consumption of goods and services, as well as the choices that producers, distributors, and consumers make. It divides into microeconomics, which studies the choices and incentives of agents and markets, and macroeconomics, which studies the growth, inflation, and public policies of entire economies. The aims of economics are many and depend upon the particular subfield, but the unifying theme is to apply economic analysis to better understand and predict social behavior in light of scarce resources. Such analysis is being applied to history, crime, education, war, science, and many other topics.

Core Curriculum

The core topics introduce the field of economics and give students the skills and understanding to choose and pursue their interests in the specialized topics. On completing the core, students will be able to independently read the historical and academic literature. The core topics are:

  • Microeconomics
  • Macroeconomics
  • Research Methods
  • Quantitative Methods
  • Political Economy
  • Introduction to Economic History
  • Econometrics
  • History and Philosophy of Economics


Specializations should be discussed with the Director of Studies. On completing specializations, students will be able to independently read advanced literature and conduct a final project in that topic. Some suggested specializations are:

  • Game Theory
  • Rational Choice Theory
  • International Trade
  • International Conflict
  • Modern States
  • Modern Societies
  • Labor and Labor Law
  • Economic Theory and Analysis
  • Political Economics
  • Economic Depression
  • Banking and Finance
  • The Politics of Europe
  • Public Economics
  • Global Capitalism
  • Developing Countries
  • The Family
  • Industry
  • Environmental Protection
  • Economics of Crime
  • Political Economy of Inequality

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