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)

This course studies the development of the British economy during the Industrial Revolution, with special attention paid to the role of agriculture, foreign trade, capital accumulation, population growth, and technological innovation. The week-long trip to sites of the Industrial Revolution and excursions to other locations of historical significance are important aspects of this course.

Instructor: P. Kapinos

Economics 223: Great Economists of Cambridge

(4 CREDITS) S/CR/NC

This seminar traces the development of economic thought at Cambridge University from Alfred Marshall, the founder of modern Microeconomics; to Arthur Pigou, the founder of modern public sector economics; to John Maynard Keynes, the revolutionary macroeconomist; to the post-Keynesian economists at Cambridge who have profoundly influenced modern economic thinking.

Instructor: P Kapinos

Economics 224: Multinational Financial Management

(3 CREDITS)

This course studies the challenges that multinational companies face in the global environment. After covering the basics of exchange rate determination, the course will examine hedging against exchange rate volatility with swaps and options. It then addresses several aspects of measurement and management of exchange rate.

Instructor: P. Kapinos

Housing and Facilities

The Program will start in London and will be based at Pickwick Hall, a hotel 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 three mornings per week (usually Mondays, Tuesdays and Thursdays). The

Economics 224 seminar will usually be held during a weekday evening. Excursions will usually take place on Wednesdays. Students will have the opportunity for individual travel on weekends, most of which will include Friday. A week long trip to the Midlands will be part of the Industrial Revolution class, and students will also have a break for independent travel.

Excursions

In addition to the trip to the Midlands, the program will include an excursion to the Continent (previous trips have visited Brussels and Amsterdam), trips to London and sites near Cambridge in East Anglia. Some excursions will be opportunities to better understand the contemporary British economy and the EU, while other trips will be cultural. On previous programs students have traveled to Greenwich to visit the British Maritime Museum, Stratford-on-Avon to see a Shakespearean production, to the BMW Mini plant in Oxford, to Scotland, and to northern Wales.

Required Leave of Absence

The 2008 Cambridge seminar functions as a Carleton term of the academic year. Participants are required to take a leave of absence winter term 2008-09.