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Undergraduate // Majors // Social Sciences Concentrations

Economics and Society

Study the nature of capital, trade, taxation, economic growth, and the scientific analysis of economies. Learn the various tools and theories used for analyzing economic behavior. Understand the powerful ways in which local, national, and global economic activities impact the lives of world citizens, at every socioeconomic level.

Core courses

Economics and Society (Social Sciences Major)

In their second year, Social Sciences majors enroll in core courses that provide the foundation for the Social Sciences concentrations. They also take electives from core courses offered in other majors.

SS110 / Psychology: From Neurons to Society

In this course we learn about the mind by looking at (1) multiple levels of analysis, from neurons to social systems, (2) multiple methodologies used in research, and (3) how multiple types of explanation (mechanism, function, ontogeny, phylogeny) shed light on each other. Using these three course objectives, we will build up a framework for understanding the full range of topics in cognitive science, and how they relate to other disciplines both within the social sciences (e.g., political science and economics) and beyond them (e.g., biology and computer science).

Prerequisite: SS51 / Complex Systems

Corequisite:

SS111 / Modern Economic Thought

How do economists address the challenge of allocating scarce resources to best serve the unlimited needs and wants of those in society? The first half of this course introduces the idea that markets can work efficiently to coordinate economic activity thereby addressing the problem of scarcity. However, when markets fail to work efficiently, an argument for government intervention in the market arises as a potential solution to better serve the needs of those in society. These concepts of scarcity, efficiency, and ultimately, trade-offs are then applied to the analysis of international financial markets in the second half of the semester where the drivers of manias, bubbles, and crises are explored.

Prerequisite: SS51 / Complex Systems

Corequisite:

SS112 / Political Science and Social Change

Governments greatly affect their citizens and, in turn, citizens may greatly affect government and their society. The course has four units to examine these influences. The first unit is a brief introduction to the discipline of political science. The second unit covers the rise of the modern state, seeking to understand the ideas, structural factors, and rational decisions that led to different political orders. The third unit examines how society can change the state through revolutionary and reformist social movements. We end by exploring ongoing struggles in the contemporary world to remake states and societies by critically examining case studies of both positive and negative social change. For the final project, students design a campaign to enact a specific social change (at the local, state, or federal level) and devise ways to assess its impact. Note: This course qualifies as part of the Interdisciplinary Minor in Sustainability because it provides causal frameworks for understanding the political context of sustainable design, technology, and environmental policy. These causal frameworks include structuralism, constructivism, institutionalism, and rational choice.

Prerequisite: SS51 / Complex Systems

Corequisite:

Concentrations Courses

Economics and Society (Social Sciences Major)

In their third year, Social Sciences majors select a concentration, begin taking courses within it and begin work on their capstone courses. They also take electives chosen from other Minerva courses (other concentration courses in Social Sciences, core and concentration courses in other colleges).

In the fourth year, Social Sciences majors enroll in additional electives chosen from Minerva’s course offerings within or outside the major. Additionally, they take senior tutorials in the major, and finish their capstone courses.

SS144 / Intermediate Economic Theory and Tools

SS144 equips students with a broad set of analytical tools that economists use to study behavior from the macro to micro level. We begin with a broad overview of why some economies grow faster than others, and use mathematical tools to illustrate growth dynamics. We then transition to macroeconomic and microeconomic theory by first analyzing macroeconomic models and then decisions made at the firm and individual level by exploring tools such as utility and profit maximization. From there we explore the field of game theory and apply tools such as Nash equilibrium and analyze games in strategic forms. We next progress to the field of international trade and assess trade agreements while applying tools such as graphical analysis and regression outcomes. The next unit focuses on understanding empirical tests of predictions from the models we studied thus far. We end the class with an introduction to behavioral economics and learn to analyze various factors that impact behavior in real-world economic decision making.

Prerequisite: SS111 / Modern Economic Thought

Co-rerequisite:

SS154 / Econometrics and Economic Systems

Learn how to use core econometric and statistical methods to construct and validate economic and social models. Students will learn methods to conduct and critique empirical studies in economics as well as other social sciences. We apply these techniques to answer causal questions such as: What environmental policy in Europe has been most effective in reducing pollution? Are celebrities involved in international development actually helping alleviate poverty? Do cigarette taxes reduce smoking? Do drunk driving laws actually reduce traffic deaths? Are international sanctions effective in correcting rulers’ behavior? Quantitative approaches used to answer such questions include multiple regression, matching, differences in differences, regression discontinuity, and instrumental variables. The aim of this course is to make you better critique causal studies and more comfortable when performing your own causal study.

Prerequisite: SS111 / Modern Economic Thought

Co-rerequisite:

SS164 / Global Development and Applied Economics

Examine important challenges facing both developing and developed economies. Explore the development of societies through the analysis of access to education and healthcare as well as sustainable mechanisms for economic growth. Identify the socio-economic impacts of rural to urban migration and technological progress while exploring the reasons for income inequality throughout the world. Generate and critique policies designed to address specific economic issues within an effective institutional and political framework. Note: This course qualifies as part of the Interdisciplinary Minor in Sustainability.

Prerequisite: SS111 / Modern Economic Thought

Co-rerequisite: