This seminar is essential because the rapid advancements in Artificial Intelligence (AI) and automation represent arguably the most significant macroeconomic shock of the 21st century. Understanding its economic implications is crucial for students to stay ahead in their careers and contribute effectively to society. ECON475 offers students the opportunity to explore AI's role in economic growth, structure of the labor markets, and income distribution, equipping them with the knowledge to navigate and influence this rapidly evolving landscape.
This course is designed to:
Address a Critical Policy Challenge: It provides a necessary, focused platform for students to analyze the complex, often contradictory, economic predictions surrounding AI, moving beyond media hype to evaluate findings from academic research and policy reports.
Foster Advanced Critical Inquiry: The seminar format, heavily weighted toward Participation and Weekly Reflections (35%), requires students to engage deeply with complex, multidisciplinary sources (economics, policy, technology) and articulate their synthesis in a high-level discussion.
Develop Applied Policy Analysis: The requirement for two substantial Policy Memos (30%) and a Research Paper (20%) forces students to translate theoretical understanding into actionable policy recommendations, a vital skill for careers in government, think tanks, consulting, and finance.
Explore Foundational Economic Questions: The course tackles deep, foundational questions about the future of work, the role of human capital, and the viability of current economic systems in a world where scarcity may be radically diminished for certain goods and services.
Offering ECON475 aligns with our institution's commitment to providing innovative and relevant education. The course supports our mission to foster a forward-thinking curriculum that addresses contemporary global challenges.
The creation of ECON475 is a strategic and necessary addition to our curriculum. It addresses a critical area of study, meets student demand, and equips learners with the skills and knowledge needed to succeed in a rapidly changing world. By offering this course, we ensure that our students remain at the forefront of academic and professional excellence.