Explores the origins of environmental problems, how to measure the value of environmental amenities, and the efficacy of specific forms of regulation, including mandated technologies, taxes, subsidies, and pollution permit trading. Topics include air and water pollution, climate change, the transition from fossil fuels to renewable energy sources, and sustainable development. Prerequisite: ECON 3010 or 3110.

Advances in AI & automation have proceeded rapidly in recent years & have reached an inflection point that will have profound implications for the future of humanity. This course analyzes the short- and medium-run implications for employment, economic growth, & inequality. It also covers philosophical questions such as the long-run implications of AI rivaling human intelligence. Requisite: [Either ECON 3010 (or 3310) & ECON 3020] OR CS 3102.

Studies the application of statistical methods to the testing and estimation of economic relationships. Emphasizes applied econometric studies and the problems that arise when analyzing time series and cross section data by means of stochastic linear models. Prerequisite: ECON 3720 or STAT 3120 or STAT 3220 or APMA 3110 or APMA 3120; and MATH 3350 or MATH 3351 or APMA 3080.

Explores the use of laboratory methods to study economic behavior. Topics include experimental design, laboratory technique, financial incentives, and analysis of data. Emphasizes applications: bargaining, auctions, market price competition, market failures, voting, contributions to public goods, lottery choice decisions, and the design of electronic markets for financial assets. Prerequisite: ECON 3010 or 3110 and a course in statistics, or instructor permission.

Introduces the methods used to estimate the effects of existing and proposed government programs. Methods will be illustrated with applications to several areas of government policy. Students will complete an empirical policy analysis under faculty supervision. Prerequisite: ECON 3010 or 3110, ECON 3720, and ECON 4310.

Independent study under the direction of a regular faculty member. Students may not use this class to obtain academic credit for a summer internship. Prerequisite: GPA of 3.300 in UVa ECON courses.

Supervised research culminating in the writing of a Distinguished Majors thesis. Restricted to members of the Distinguished Majors Program.

This seminar will focus on key aspects of the development of the international economy since the mid-nineteenth century. Emphasis will be on the process of change, the impact of policy, and the operation of international institutions. Special focus will be paid to the economics of the Great Depression, the impact of the First and Second World Wars, and the drivers of growth.

Studies general equilibrium analysis, welfare economics, externalities, and public goods. Prerequisite: ECON 7010 or instructor permission.

Studies advanced topics in the theory of money and income. Prerequisite: ECON 7020 or instructor permission.