Macroeconomic Theory Macroeconomic theory analyzes whether the market effectively coordinates individuals' decisions so that they lead to acceptable results. It considers the effectiveness of monetary, fiscal, and other policies in achieving desirable levels of unemployment, inflation, and growth. The theories held by various schools of economic thought such as Keynesians, monetarists, and new classicals are considered along with their proposed policies.

Technology and Labor Markets In this course, we will explore the question: who gains from technological advances, and who loses? We will first learn theories of skill-biased technical change and automation through canonical and task-based Ricardian models. We will then apply these theories to a range of technological advances, including robots, computers, and complex software. For each technology, we will study the nuanced effects on employment, the wage distribution, and the nature of work. Additional topics will include historical technological advances (eg: electricity), and how technology contributes to growth in developing countries. We will then turn to emerging technologies like AI: can we extrapolate from what we have learned to predict how new technologies will impact workers? (ECON 0111 (formerly ECON 0210) and ECON 0250 or ECON 0255)

Zara Contractor

Reviews and ratings for Zara Contractor at Middlebury College.Zara Contractor teaches Macro Theory, Technology and Labor Markets and more.  Explore top rated instructors and find the best for you.Is Zara Contractor good ? Find out on MiddCourses.

AI material is interesting especially for those that are soon to enter the workforce. Class was relatively easy but felt drawn out and repetitive at times. It was also a bit difficult to know where you really stood in terms of a grade throughout the course. Was an ok experience

really easy class for a 400 course - only have to do one long reading a week and it feels really repetitive at times. class is long and really discussion heavy centralized on readings and class presentations on the readings. no exams and research paper on AI and economic data at the end! 

 The course also offers a solid grounding in the economic theories related to labor markets and technological change, which is valuable for understanding both historical trends and future labor market projections.
