ECO 234 Economic Development
An examination of the economies of developing countries in Africa, Latin America, and Asia, and of the nature of poverty and underdevelopment that is characteristic of those economies.
As an economics major at Connecticut College, you learn to think analytically, pose and solve problems, and use models to construct and test hypotheses. You are exposed to microeconomics and macroeconomics, and apply what you learn in fields from finance, labor and environmental economics to industrial organization, public finance and development.
Connecticut College is one of the few liberal arts colleges of its size to offer multiple courses in econometrics and corporate finance, as well as economic history and theory. Your work is also interdisciplinary—you explore how economics intersects with international relations, environmental studies, government, history and sociology.
You will do original research and apply what you learn. Recent senior honors theses have analyzed the influence of American political philosopher John Rawls on economics, the effects of immigration on English labor markets, and attitudes about money in ancient Greece and Rome. One student correlated health outcomes with R&D spending by the pharmaceutical industry in the world’s developed economies. You can also focus your work by conducting research with faculty, participating in a departmental lecture series or completing a College-funded internship.
You will have multiple opportunities to study abroad, including the College’s own Study Away Teach Away program, which takes an entire class and one or two professors abroad for a semester. Two economics faculty regularly lead SATAs to Vietnam, giving you a unique opportunity to explore the fast-growing economy of Southeast Asia.
David Chavanne teaches courses in behavioral finance, experimental economics and economics and morality. He is interested in how economics can be integrated with other social sciences, philosophy and law – and how economic ideas can be communicated to people unfamiliar with, and resistant to, the economic way of thinking.
Terry-Ann Craigie's research encompasses economics of the family, labor economics, urban economics and applied microeconomics. Her most recent research projects have evaluated the causes and consequences of family formation on early child outcomes as well as the implications for child support of complex family structures in large urban areas.
An expert on economic development and Latin American economies, María Amparo Cruz-Saco's extensive research and consulting brings a practical experience to her courses on economic growth and development in Latin America (Eco 237), open macroeconomics in developing countries (Eco 332), and her seminar on globalization and development in Latin America.
Candace Howes is working on the problems of the long-term-care workforce and low wage workers. She previously taught at the University of Notre Dame and served as the auto industry analyst for the United Auto Workers in Detroit. She also provides research assistance and expert testimony for the advocacy groups that support long term care workers and consumers.
Rolf Jensen led the 10th in Spring 2012. He was the director of the fifth SATA Vietnam in Spring, 2006, teaching three courses: Economics of the Informal Sector in Vietnam and The Political Economy of Post-War Vietnam with Professor Don Peppard, which gave students background in the recent economic history of Vietnam and involved them in empirical research about the informal sector in Hanoi. He also taught a Political Economy seminar. He was also a director of SATA Vietnam 2003.
Economics professor Monika López-Anuarbe wants students to learn economics by having fun and by relating to this field. She believes any issue has an economic approach and asks her students: Why not learn how to make decisions considering economics? Current research interests include studying the effect of state policies in the long-term care market: how family intergenerational transfers of money and time affect the likelihood and amount of caregiving for elderly parents from their adult children and vice versa.
Ed McKenna's work lies at the intersection of economics and philosophy. He is particularly interested in the relationship between philosophical conceptions of justice and fairness and economic theories that explain the distribution of income. John Rawls and Charles Taylor in philosophy and Sidney Weintraub in economics have provided the framework in which he works.
Purba Mukerji's research covers the areas of international finance and international trade, with a focus on issues facing developing countries in their decision to liberalize policies in order to gain closer integration with the global economy.
Spencer Pack, an expert in contemporary economic issues and the history of economic thought, is interested in analyzing the world economic system: both how it is, and how it can be improved. He feels that the best way to understand the present and to prepare for the future is to understand the past.
Yongjin Park's short-term research interest is to understand and explain the social inequalities, especially income inequality and disadvantages of the poor, in a credit market. Park teaches the following: Core courses: Financial Markets and Institutions, Econometrics I; upper-level courses: Corporate Finance, Economics of Conflict and Cooperation Seminar.
Mark Stelzner holds a bachelor's in physics from Boston University, a master's in global finance, trade and economic integration from the University of Denver Josef Korbel School of International Studies, and a doctorate in economics from the University of Massachusetts.
Wei Zhang is interested in the decision making of firms and farms under government policies, especially environmental policies, and how these policies affect their economic performance. Her recent research is on the economics of environmental regulation of agricultural and food production, with a focus on the dairy industry in California.
A: I didn’t arrive at Conn intending to major in economics. I read the description for "Introductory Microeconomics" while registering for my first semester of classes and decided to take it. I absolutely loved what I learned and I took to the material very well. Studying economics has changed the way I think; it has forced me to develop a more analytical mindset and taught me to always ask questions.
A: In "Economic Analysis of the Law," we looked at a lot of court cases, which allowed me to apply the material we were learning to real life cases and explore the intricacies and issues involved. The ideas and concepts I encountered in this course were intellectually stimulating and they kept me thinking long after I’d left the classroom.
A: If I had been asked about my graduate school plans a few years ago, I would’ve said I had none; I had no intention of pursuing a degree beyond a bachelor’s. But after discovering a rewarding discipline that I am so very interested in and passionate about, it is likely that I will study economics beyond Connecticut College.