This course takes a microeconomic approach to macroeconomic policies, with special emphasis on monetary and fiscal policies and their impacts on inflation and economic activity. Focus is on the connections among theory, institutional design, and actual data, including historical episodes. Prerequisites: ECON 3010 or ECON 3110 and ECON 3020.

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.

The goal is to provoke discussion, with differing viewpoints put forward, and lead students to analyze major economic problems as economists might do. The course will center upon resource-scarce issues: e.g. in a low-income country that provides little public education, what would you do first, and what would you do last? There will also be discussion about current global macroeconomic trends, including inflation, debt, and economic growth.

Examine the economic problems confronting sub-Saharan Africa countries, focusing on what is needed to accelerate sustainable growth and reduce poverty. Use standard economic tools to gain an understanding of the economic management challenges faced by African policy makers and the similarities and differences between African countries. Explore Africa's relationship with the rest of the world, focusing on trade, aid and economic cooperation.

The course will use classroom simulations and lab reports to help students discover insights about economic behavior and policies. Each weekly topic is structured around an important economic principle, which is presented in the context of an "experiment" involving a sequence of decisions in a simulated game or market. After participating in the simulation, students complete a lab report.

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.