HMC Courses
offered by Prof. Gary Evans

[Note]: Some of these links (with *) are to the older Thuban server at Mudd. The others are linked to the palmislandtraders server, and all will eventually be directed there.

Course Outlines

[Not all of the courses taught by Professor Evans are listed here - this list is updated as time permits]. Some of these courses below have course outlines and others do not. Usually the course outlines available here are for courses recently taught, so the outline may be somewhat different the next time the class is taught.


Course Descriptions

Economics 53 Macroeconomics (typically offered in the Spring). - This is an introductory course in Macroeconomics. The course includes a mixture of theory and a discussion of economic institutions, practices, and policy. Topics include but are not restricted to fiscal and monetary policy, theories of business cycles, economic growth, interest rate determination, causes of recessions and inflation, employment and unemployment, changing markets, and international trade. There are no prerequisites. The Course Outline and most recent Course Calendar [Spring 2014] are available for this course. There are Lecture Slides and related material posted for this course.

Economics 104 Financial Economics (typically offered in the Fall). - A survey of modern U.S. financial institutions and sources of capital, including the stock markets, bond markets, money markets, and real estate. Extensive discussion of financial assets traded in these markets, how the markets and these assets have changed over time, and how they contribute to capital formation in the United States. Theories of interest rate determination and asset valuation. The Course Outline and most recent Course Calendar [Fall 2014] are available for this course. Course Reading Assignments and Lecture Slides are also posted for this course.

Economics 136 Financial Markets and Modeling - Futures, Options, and Other Derivatives (typically offered in the Spring)- Financial uncertainty in today's volatile markets generates significant and undesirable business risk.  Modern business strategy seeks to reduce that risk, in part,  through the use of complex financial instruments called derivatives.  This course introduces students to the world of derivatives.  We explore the different classes of derivatives, and their designs and applications.  We will discover how the use of certain derivatives can mitigate or even eliminate certain types of business risk.  Topics to be covered include a review of compounding and discounting formulas and measures of risk and volatility and the statistical means to make estimates of those measures.  We  then begin a systematic discussion of specific types of derivatives and their applications, including put and call options, futures and forward contracts and futures options for all classes of contracts, including foreign exchange rates and interest rates, and custom derivatives.  Throughout the course we explore a series of value and pricing models, such as the Black-Scholes model. Students are introduced to numerous realistic problems and case studies.  By the end of the course, students should be able to directly evaluate and resolve a very wide range of business risk scenarios through the creative use of derivatives. The * Course Outline and *  Course Calendar [Spring 2014] are available for this course.  There are also course materials and  Lecture Slides posted for this course.

HSA 10 The Economics of Oil and Energy  - An introductory second-semester freshman course devoted to improving writing skills and critical analysis of a subject chosen by your teacher. Because I am an economist, I thought that first-year students might be very interested in the economics of oil and energy. There is a lot to be learned here and this subject is very topical and important. We will begin by reading texts on energy use and review a lot of current data on energy websites, such as that maintained by the Energy Information Agency of the U.S. Government. We will use that data in part to confirm or disavow some of the claims that are made in the books that we are reading. Most weeks we will have class discussions of the material read and try to arrive at a general understanding of the status quo and later in the semester begin to explore options for change in the future. From time to time I will give a lecture about some aspect of energy economics and our teaching assistant and I will also give some lectures about writing. Primary material for this course is located under the class folder on Sakai. I maintain a mirror site here with with the same information including the *  Course Outline and *  Course Calendar (2014). There is also some  * Course Material posted for this course.

Social Sciences 147s Enterprise and the Entrepreneur (typically offered in the Fall). - Do believe in a Koz that you want to promote? Do you have what it takes to run your own business? What role is played by the entrepreneur in our market economy? We discuss all of this and more. This is a course where the student plays a very active role, including getting up on your feet to promote your causes and pitch your ideas. In the second half of the course you have to work as part of a team, building and promoting your own organization. Are you still confused about what we do in this unconventional course? Then read the Course Outline and the  Course Calendar [Fall 2014] for the most recent course. There is also a lot of  Course Material, including reading notes, assignments and lecture slides posted for this course. There are no prerequisites for this course. This course can be regarded as an economics course in satisfying our department's requirements. This course does not satisfy the departmental writing requirement.