PROGRAM DATES

Summer 2009

DIRECTOR

Radek Szulga, Assistant Professor of Economics

Radek Szulga (Ph.D. University of California, Davis) teaches courses in international finance, growth and development and macroeconomics. His research interest center around the role of labor markets in the process of economic development with emphasis on issues of women’s work, immigration and remittances sent home by migrant workers. He is also interested in Economic History as it relates to the above topics. His non-academic interests include reading history books, watching British mysteries and following SEC football.

ELIGIBILITY

Students from any class who have completed Economics 110 and 111 by the end of spring term 2009 are eligible to participate in the seminar. Students majoring in economics, political science, 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 the University of Cambridge for over 25 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, the European Union and the Industrial Revolution. The program has become a popular

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 (4 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 (4 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: R. Szulga

ECONOMICS 223: THE LIFE OF J.M. KEYNES (4 CREDITS) S/CR/NC

This course will examine the life and times of J.M. Keynes. In addition to examining the economic ideas of Keynes, students will examine the social and political milieu in Britain in the

first half of the 20th Century.

Instructor: Professor Radek Szulga

ECONOMICS 224: MULTINATIONAL FINANCIAL MANAGEMENT

(4 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 risk.

Instructor: R. Szulga

HOUSING AND FACILITIES

The Program will start in London and will be based at a centrally located hotel near the British Museum. In Cambridge students will stay at Homerton College, then 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 2009 Cambridge seminar functions as a Carleton term of the academic year. Participants are required to take a leave of absence winter term 2008-09.

Expenses

Students pay the 2009-10 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 Office or website at http://go.carleton.edu/ocs 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.

Applications are due to the Economics Department in Willis 305 or 315 by Friday, January 16, 2009. Students selected for the program will be notified in writing no later than mid-February, 2009.

There will be an information meeting on Tuesday, October 28, 2008, 5-6 in Willis 211.