Undergraduate Economics Course List

Courses offered by the undergraduate economics program are available to all Carnegie Mellon students. Our courses are sequenced and each builds upon the theory, data-analytic methods and subject areas mastered in lower level courses. The format of courses varies depending on topic and level. Introductory courses typically consist of lectures and recitations. Intermediate and advanced courses tend to be a blend of lectures and seminars, project courses and colloquiums. Directed independent study is possible for students who wish for deeper, self-directed study. 

Our courses complement all Carnegie Mellon undergraduate degrees and are included in the general education programs of the College of Engineering, Dietrich College of Humanities and Social Sciences, Mellon College of Science and School of Computer Science.

We offer two introductory-level courses that are available to the entire university population: Principles of Economics (73-100) and Environmental Economics (73-148). A third introductory course, Freshman Seminar in Economics (73-101), is available only to students in the Dietrich College of Humanities and Social Sciences. None of these courses assume a background of economics.

We offer four intermediate-level courses: Intermediate Microeconomics Analysis (73-230), Intermediate Macroeconomics Analysis (73-240), History of Money and Monetary Analysis (73-375) and Fundamentals of Statistical Modeling (73-407). 

The remaining courses offered are considered advanced topics, data-analytic and theory courses.

    • 73101 Freshman Seminar in Economics

      FALL & SPRING A topics-based course for first-year students. This course is not a supplement nor a replacement for Principles of Economics. Instead, it meant to introduce students to how social scientists (particularly economists) examine governments, societies, markets, and&... Read More
    • 73102 Principles of Microeconomics

      FALL & SPRING A one-semester course that teaches the fundamentals of microeconomics. Students will learn how microeconomic analysis can explain market successes, market failures, and how government intervention might improve outcomes.   In addition to an investigation of firm behavior ... Read More
    • 73103 Principles of Macroeconomics

      FALL & SPRING  A one-semester course that teaches the fundamentals of macroeconomics. Students will learn how macroeconomic analysis can explain national economic activity and how government intervention might stabilize an economy.  Topics include: defining and measuring national wealt... Read More
    • 73148 Environmental Economics

      INTERMITTENT A course for non-majors which explores the interplay between economics and environmental issues. Topics include: market failures and environmental problems, economically efficient allocations of environmental resources, and the intended and unintended consequences of public policies des... Read More
    • 73160 Foundations of Microeconomics: Applications and Theory

      SPRING The theory of resource allocation and its application: how consumers and firms interact through markets.   Topics include theory of choice, consumer theory, theory of the firm, profit maximizing behavior in differing market structures, distortions in competitive markets, market fail... Read More
    • 73210 Economics Colloquium I

      FALL Economics majors meet weekly for discussions about current research by faculty or students, presentations on economics from economists outside academia, and expository talks on selected economics topics not part of the usual curricula. The colloquium provides students with opportunities to... Read More
    • 73230 Intermediate Microeconomics

      FALL & SPRING This course is a calculus-based study of microeconomics.  Topics in partial equilibrium analysis include supply and demand, consumer theory, theory of the firm, profit maximizing behavior, monopoly theory, and perfect competition.  The course concludes with an introd... Read More
    • 73240 Intermediate Macroeconomics

      FALL & SPRING  Through macroeconomic models built upon microeconomic foundations, insights are developed into economic growth processes and business cycles.  Topics include aggregation and measurement, national income, business cycle measurement, economic welfare theorems and social in... Read More
    • 73255 Independent Study in Econmics

      FALL & SPRING The Independent Study course in economics allows students to pursue their own research interests in any of a variety of topics in economics. A typical independent study course involves a semester long project under the supervision of an appropriate faculty advisor. The nature ... Read More
    • 73265 Economics and Data Science

      SPRING This course is at the intersection of economic analysis, computing and statistics. It develops foundational skills in these areas and provides students with hands-on experience in identifying, analyzing and solving real-world data challenges in economics and business. Students will learn... Read More
    • 73270 Strategic Professional Communications for Economists

      FALL & SPRING A writing course specifically designed for third-year Economics majors and additional majors. Students gain experience with technical writing techniques and skills needed for both their senior thesis and their eventual professional careers. The course emphasizes both individual and... Read More
    • 73274 Econometrics I

      SPRING This course will provide an introduction to the analysis of economic field data. The first part of the course will discuss how data is generated and how this affects the inferences we can make. In particular, we will look at the difficulties of working with field data and learn how non-r... Read More
    • 73315 Market Design

      SPRING The market design class is going to cover three main subjects: matching, auctions, and, time allowing, marketplaces.     Matching topics may include:  Two-Sided Matching and Medical Residents  House Allocation and Kidney Exchange  School Choice  Law Clerks a... Read More
    • 73328 Health Economics

      This course will teach the student to use economic analysis to understand critical issues in health care and and health policy. We will address issues such as the following:   1. What factors best explain the level and rate of growth of U.S. health expenditures?   2. Does the recent high r... Read More
    • 73331 Political Economy of Inequality and Redistribution

      INTERMITTENT Three basic types of institution - markets, communities, and states (i.e. public governments) - determine the distribution of economic resources and opportunities in societies. The balance between these governing institutions has changed dramatically over time, at very different rates a... Read More
    • 73338 Financial Crises and Risk

      SPRING This course provides an in-depth examination of the causes of financial crises as well as what governments can do to prevent them or at least reduce their cost. The course is designed to to provide an understanding of individual attitudes towards risk and individual decision making about savi... Read More
    • 73341 Within the Firm: Managing through Incentives

      SPRING We are living in an exciting age of information and knowledge when inspiring employees with a firm becomes increasingly more important Aligning the objectives of workers, managers, and owners by providing them with appropriate incentives becomes an emerging paradigm in the modern busines... Read More
    • 73347 Game Theory for Economists

      SPRING An introduction to the theory of non-cooperative games with an emphasis on economic applications. After an initial examination of two-person, zero-sum games, the notion of a Nash equilibrium in an n-person, non-cooperative game is considered. Existence of and refinements to the equilibri... Read More
    • 73348 Behavioral Economics

      SPRING This course introduces students to behavioral economics which is a subfield of economics that incorporates insights from other social sciences, such as psychology, into economic models and aims to explain the anomalies challenging some of the classical economic models. (Lecture, 3 hours)... Read More
    • 73352 Public Economics

      FALL In this course, students analyze the role of governments in market economies and their impact on the behavior and welfare of citizens. Reasons for government intervention in markets are examined in light of some of the economic challenges faced by modern societies in an increasingly global... Read More