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This course introduces students to econometric approaches to asking and answering questions about the economy relating to employment, health, and well-being. The primary aim of the course is to understand how economists analyze data to determine causal effect. We will analyze data sets to ask and answer socioeconomic questions such as: What factors affect a person’s income, and how do we know? How might we investigate the main causes of unemployment?
This course explores how ideas about the economy – from money, to labor, to distribution – have changed over time. We will focus on different schools of thought in economics, including mercantilism, physiocracy, classical political economy, the Austrian school, Post-Keynesianism, and neoclassical economics, placing these ideas in their global context. A central focus will be on how different thinkers conceptualize capitalism: both its benefits and pitfalls.