PROGRAM DATES

Summer 2006

DIRECTOR

Tammy Feldman, Visiting Associate Professor of Economics

Professor Feldman teaches courses in applied industrial organization, antitrust, and regulatory economics. Her primary research interests are in antitrust and pedagogy. She is also the Managing Editor for Antitrust Law Journal and an Associate Editor for Antitrust Magazine.

ELIGIBILITY

Students from any class who have completed Economics 110 and 111 by the end of spring term 2006 are eligible to participate in the seminar. Students majoring in economics and history are particularly encouraged to apply, but the seminar is open to students of all majors.

LOCATION

Cambridge, England

Founded in 1983, the Economics Seminar in Cambridge has been located at Cambridge University for over 20 years. The University has been home to many great economic theorists including Alfred Marshall, John Maynard Keynes, and F.A. Hayek. Being in Britain allows students to study the contemporary British economy as well as the cradle of the Industrial Revolution. The program has become an integral part of the economics curriculum at Carleton, and the faculty believes the seminar’s historical focus and exposure to British culture help students see themselves, their country, and the world with new perspective.

COURSE OF STUDY, 16 CREDITS

ECONOMICS 221: CONTEMPORARY BRITISH ECONOMY (6 Credits)
This course will focus on the theoretical and policy debates in British economics since the 1930’s and the development of the structure of the British economy and institutions during that period.
Instructor: Dr. Solomos Solomou, Fellow, Peterhouse College

ECONOMICS 222: THE INDUSTRIAL REVOLUTION IN BRITAIN (3 Credits)
The development of the British economy during the Industrial Revolution is studied with particular emphasis on the wool, cotton textile, iron, pottery, shipping, and coal mining industries as well as on urban development in London. Site visits to locations of significance are an important aspect of this course.
Instructor: Professor Tammy Feldman

ECONOMICS 223: FINANCIAL MARKETS FICTION AND FACT (4 credits) S/CR/NC
London has long been a key center for financial markets. This course will examine aspects of the various financial markets in London and Europe through their depiction in fiction. Complementary readings from non-fiction and biographical accounts of the history of financial markets will also be included.
Instructor: Professor Tammy Feldman

ECONOMICS 224: MULTINATIONAL CORPORATIONS (3 Credits)
This course highlights the evolution of multinational corporations, focusing on those with British and European roots. Economic models of organizations and multinationals, in particular, will be illustrated with specific examples from British economic history and the contemporary British and European economy. Topics will include cartels and antitrust enforcement, intellectual property rights, foreign direct investment, adapting organizational strategies to different cultures, trade barriers and outsourcing, and financial integration in Europe. Site visits to financial institutions in the city of London are an important component of this course.
Instructor: Professor Tammy Feldman

HOUSING AND FACILITIES

The Program will start in London and will be based at Pickwick Hall, centrally located near the British Museum.

In Cambridge students will stay at Hughes Hall, one of the colleges that make up Cambridge University. Students will have single rooms and a food allowance for meals, which can be taken at Hughes Hall or in town. Laundry facilities are available at Hughes Hall.

Schedule (tentative)

Classes will be held on two or three mornings per week (usually Mondays and Thursdays with an occasional Tuesday or Wednesday). The Economics 224 seminar will usually be held during a weekday evening. Excursions will usually take place on Tuesdays and Wednesdays (but not both in the same week). Students will have the opportunity for individual travel on weekends, most of which will include Friday. The trip to the Midlands typically takes place during the third week in July, followed by a short break.

Excursions

There will be an excursion to Brussels, Belgium to meet with European Union representatives to learn firsthand about political and economic integration issues. In the UK, in addition to the trip to the Midlands to see sites associated with the Industrial Revolution, students will take several trips to London. Some will be opportunities to better understand the contemporary British economy, including visits to organizations operating in London’s important financial markets. Other trips will be cultural. Outside London, students may travel to Greenwich to visit the British Maritime Museum, Stratford-on-Avon to see a Shakespearean production, Coventry to visit a Jaguar production plant, Stonehenge, and many sites in beautiful East Anglia.

Required Leave of Absence

The 2006 Cambridge seminar functions as a Carleton term of the academic year. Participants are required to take a leave of absence winter term 2006-07.

Expenses

Students pay the 2006-2007 Carleton comprehensive fee, which covers the costs of instruction, room, board, and all scheduled excursions. Students must pay their own airfare to and from the program site and are also responsible for books and personal expenses, plus travel expenses during the midterm break. Student financial aid is applicable as on campus. See the Off-Campus Studies Program and Planning Guide for further information regarding work-study contracts, loans, and other subjects on financial aid. This Carleton summer term carries financial aid.

Application Procedure

Application forms are available from the Office of Off-Campus Studies or online as a downloadable PDF.

Applications are due by Wednesday, January 25, 2006 in the Economics Department in Willis 305 or 314.

Students selected for the program will be notified in writing by mid-February, 2006.

Information Meeting

Wednesday, November 2, 2005, 4:30-5:30, Willis 203