ECON 1: Principles of Economics
Enrollment instructions for Spring 2026: Please enroll in the lecture (section 01) as well as an open discussion section that best fits your schedule. Discussion sections have limited capacity. Students may continue to make changes to their section enrollment, as capacity allows, until 11:59 pm on Wednesday, April 1. This is an introductory course in economics. We will cover both microeconomics (investigating decisions by individuals and firms) and macroeconomics (examining the economy as a whole). The primary goal is to develop and then build on your understanding of the analytical tools and approaches used by economists. This will help you to interpret economic news and economic data at a much deeper level while also forming your own opinions on economic issues. The course will also provide a strong foundation for those of you who want to continue on with intermediate microeconomics and/or intermediate macroeconomics and possibly beyond.
Terms: Aut, Win, Spr, Sum
| Units: 5
| UG Reqs: GER:DB-SocSci, WAY-SI
Instructors:
Baltaduonis, R. (PI)
;
Duggan, M. (PI)
;
Sorkin, I. (PI)
;
Tendall, M. (PI)
;
Flores, I. (TA)
;
Gholami, S. (TA)
;
Ingrand, T. (TA)
;
Kmetz, A. (TA)
;
Li, K. (TA)
;
Moore, G. (TA)
;
Moreira, C. (TA)
;
Navarro, Y. (TA)
;
Ortiz, P. (TA)
;
Park, J. (TA)
;
Pfeffer, F. (TA)
;
Serramo, M. (TA)
;
Tomasella, M. (TA)
;
Wahal, K. (TA)
;
Warwar, L. (TA)
ECON 3: Big Ideas: Conversations with Stanford's Own Nobel Laureates & MacArthur "Genius" Fellows (CHEM 5)
10 weekly one-on-one conversations with Nobel Laureates and MacArthur fellows, talking about their life story, how they got to their ideas, what they discovered, how the world is a better place as a result, what advice they have for students and young researchers, etc. Readings related to guest research will be assigned. Open to undergraduate and graduate students.
Last offered: Autumn 2023
| Units: 1
ECON 7: Economics of Fine Art
This seminar course will consider the economics underlying the unregulated and highly inefficient markets for fine artworks - primarily paintings, drawings, and sculpture. We shall apply traditional statistical and economic tools to understand art markets with special considerations for art-specific practices and conditions such as art authentication, auctions, prevalence of fakes, information asymmetry, the influence of collecting by public non-commercial museums, donation of works to museums, dealer history and reputation, and much more. Students will have short weekly homework assignments and write a five-page final paper.
Terms: Spr
| Units: 1
Instructors:
Stork, D. (PI)
ECON 10: Microcosm of Silicon Valley and Wall Street
Seminar in applied economics with focus on the microcosm of Silicon Valley, how growth companies are originated, managed and financed from start-up to IPO. Round-table discussion format. Applicable to those students with an interest in technology company formation, growth and finance including interaction with Wall Street. Enrollment limited to 10 juniors, seniors and co-term students. Application found at
https://economics.stanford.edu/undergraduate/forms
Last offered: Autumn 2022
| Units: 1
ECON 11N: Understanding the Welfare System
Welfare-reform legislation passed by the federal government in the mid-1990s heralded a dramatic step in the movement that has been termed the devolution revolution, which is again being discussed in the context of healthcare reform. The centerpiece of devolution is the transfer of more responsibilities for antipoverty programs to the states. We will explore the effects of these reforms and the role that devolution plays in the ongoing debates over the designs of programs that make up America's social safety net. In addition to discussing conventional welfare programs (e.g., Medicaid, food stamps, TANF, SSI) and other governmental policies assisting low-income families (EITC, minimum wages), we will examine the trends in governmental spending on anti-poverty programs and how our nation defines poverty and eligibility for income support. We will apply economics principles throughout to understand the effectiveness of America's antipoverty programs and their consequences on the behavior and circumstances of families. Prerequisites: A basic understanding/knowledge of introductory economics is recommended.
Terms: Aut
| Units: 3
| UG Reqs: WAY-SI
Instructors:
MaCurdy, T. (PI)
ECON 14: Navigating Financial Crises (PUBLPOL 14)
What causes financial crises? What are the keys to anticipating, preventing, and managing disruptions in the global financial system? This course prepares students to navigate future episodes as policymakers, finance professionals, and citizens by going inside the practical decisions made in an unfolding crisis, from the U.S. government and IMF to the boardroom and trading floor. Students will learn warning signs of distress; market structures that govern crisis dynamics; strategic interactions among the key actors; and lessons learned for creating a more resilient system. Concepts will be applied to real-world cases: emerging markets, U.S. housing and the Global Financial Crisis, the European sovereign crisis, COVID-19, the collapse of Silicon Valley Bank, crypto, and tariffs.
Terms: Win
| Units: 1
Instructors:
Toloui, R. (PI)
ECON 17N: Energy, the Environment, and the Economy
Examines the intimate relationship between environmental quality and the production and consumption of energy. Assesses the economics efficiency and political economy implications of a number of current topics in energy and environmental economics. Topics include: the economic theory of exhaustible resources, Greenhouse Gas Emissions (GHG) control (cap and trade mechanisms and carbon fees), GHG emissions offsets, the Strategic Petroleum Reserve (SPR), the "smart" transmission grid for electricity, nuclear energy and nuclear waste, the real cost of renewable energy, natural gas and coal-fired electricity production, the global coal and natural gas markets, Corporate Average Fuel Efficiency (CAFE) and Low-Carbon Fuel Standards (LCFS), Energy Efficiency Investments and Demand Response, and Carbon Capture and Sequestration (CCS). For all topics, there will be reading to explain the economics and engineering behind the topic and class discussion to clarify and elaborate on this interaction. Prerequisite:
Econ 1 is recommended.
Last offered: Winter 2023
| Units: 3
| UG Reqs: WAY-SI
ECON 21SI: Perspectives on Economics, Diversity, and Discrimination (PEDD)
In this student-initiated and student-facilitated reading group, we will read and discuss economics papers on racial and ethnic diversity and discrimination. We draw on papers from different economics literatures, including health, education, intergenerational mobility, and political economy. Our aim is to have a structured but informal conversation about each paper. Guest speakers will also present their research on these topics and have Q&A sessions with the students. There are no prerequisites, and discussions will be accessible for students with little or no prior exposure to Economics research. Freshmen and sophomores are particularly encouraged to enroll. To apply, complete the application at
https://economics.stanford.edu/undergraduate/forms. The deadline is 3/13/21.
Last offered: Spring 2021
| Units: 1
ECON 25N: Public Policy and Personal Finance (PUBLPOL 55N)
The seminar will provide an introduction and discussion of the impact of public policy on personal finance. Voters regularly rate the economy as one of the most important factors shaping their political views and most of those opinions are focused on their individual bottom lines. In this course we will discuss the rationale for different public policies and how they affect personal financial situations. We will explore personal finance issues such as taxes, loans, charity, insurance, and pensions. Using the context of (hypothetical) personal finance positions, we will discuss the public policy implications of various proposals and how they affect different groups of people, for example: the implications of differential tax rates for different types of income, the promotion of home ownership in the U.S., and policies to care for our aging population. While economic policy will be the focus of much of the course, we will also examine some of the implications of social policies on personal finance as well. There will be weekly readings and several short policy-related writing assignments.
Terms: Aut
| Units: 4
| UG Reqs: WAY-SI
Instructors:
Rosston, G. (PI)
ECON 28N: The Future of America's Healthcare Policies
America's healthcare system must undergo major reforms to prevent a national fiscal crisis. The costs for US healthcare have relentlessly grown as a share of national income, fast outpacing the shares for other countries. Our class will explore the factors responsible for increasing expenses and the policies available for reforming programs to produce a viable system for future generations. The course discussion will examine the strengths and weaknesses of different healthcare delivery and financing approaches, including private, single-payer, and universal systems. Students will analyze the impact of these approaches on access, cost, quality, and disparities. Topics will include the roles and features of the four major national health insurance programs in the public and private sectors, including Medicare, Medicaid, Affordable Care Act (ACA), and employer-sponsored insurance (ESI). Students will acquire an understanding of healthcare economics and financing, their relationship to health policymaking, and the connection of federal and state policies to healthcare access and the uninsured.
Terms: Win
| Units: 3
| UG Reqs: WAY-SI
Instructors:
MaCurdy, T. (PI)
