Introductory Macroeconomics  An introduction to macroeconomics: a consideration of macroeconomic problems such as unemployment and inflation. Theories and policy proposals of Keynesian and classical economists are contrasted. Topics considered include: banking, financial institutions, monetary policy, taxation, government spending, fiscal policy, tradeoffs between inflation and unemployment in both the short run and the long run, and wage-price spirals.

Economics of Happiness We will explore the economics of happiness in both the micro and macro realm.  We start with the neoclassical model of rational individuals who know with great precision what makes them happy.  Next we explore behaviorist challenges to that model, including issues of regret, altruism, fairness, and gender.  On the macro side, we investigate the puzzle of why, though most of us like more income, a growing GDP does not seem to make societies happier; we examine the impact of the macroeconomic environment on individual happiness.  Finally we touch on current policy issues such as quantitative happiness indicators that have been adopted around the world, “paternalistic” policy measures to increase happiness, and the no-growth movement.

International Economics: Theory and Policy This course provides an overview of international trade and finance. We will use economic theory to help us understand how and why countries interact in the global economy and evaluate the effects of different trade, exchange rate, and macroeconomic policies. Topics covered will include the reasons for trade, the winners and losers from trade, trade policies, trade agreements, exchange rates, the balance of payments, causes of and solutions to financial crises, and the role of the WTO and IMF. IPEC 0240 does not count towards the ECON major or minor requirements. (ECON 0150 and ECON 0155)

International Economics: Theory and Policy This course provides an overview of international trade and finance. We will use economic theory to help us understand how and why countries interact in the global economy and evaluate the effects of different trade, exchange rate, and macroeconomic policies. Topics covered will include the reasons for trade, the winners and losers from trade, trade policies, trade agreements, exchange rates, the balance of payments, causes of and solutions to financial crises, and the role of the WTO and IMF. ECON 0240 does not count towards the ECON major or minor requirements.

Carolyn Craven

Reviews and ratings for Carolyn Craven at Middlebury College.Carolyn Craven teaches Intro Macroeconomics, Economics of Happiness, Int'l Econ: Theory & Policy and more.  Explore top rated instructors and find the best for you.Is Carolyn Craven good ? Find out on MiddCourses.

Very straightforward tests and fairly easy grading. However, lectures were quite dry (for the most part) and if you miss something on them you’re kind of screwed for the HW (the textbook it kinda useless). Didn’t really like this class, but if you put in a minimal amount of effort you should walk away with a fine grade. 

Prof. Craven is such a great teacher, it is a shame this is her last semester at Middlebury. I think this class would be good even without her though. The content is very interesting and useful for everyday life.

I did not enjoy this class very much. I was bored a lot of the time. For most econ students, this philosophy-heavy course can be quite a challenge. The reading was really frustrating to get through, sometimes. I am very happy I do not have to take this course again.