Aaron Payne

Aaron Payne
  • Applied Economics Doctoral Student

Contact Information

Teaching

All Courses

  • BEPP1000 - Introductory Economics

    Microeconomics is the study of the behavior of households and firms, whose collective decisions determine how resources are allocated in a free market economy. We will study when markets are likely to produce "efficient" outcomes, and when government intervention may improve on or harm the competitive market outcome. We will use economic theory to analyze issues like a gas tax to change reliance on oil, minimum wages to increase salaries of the working poor, and government subsidies to increase education. Macroeconomics is the study of the economy as a whole. We will understand how the size of the US economy is determined, how unemployment is measured, how inflation affects life. We will look at policy options that the government and the Federal Reserve Bank face, and discuss pros and cons of their actions. Economic arguments are often used in debates about government policies, discussion of business strategies, and many of life's other arenas. The goal of the course is to teach you to "think like an economist," which I hope will help you to understand the world around you, make better economic decisions in your own life, and be a more informed citizen and voter.

Knowledge at Wharton

How Early Adopters of Gen AI Are Gaining Efficiencies

Enterprises are seeing gains from generative AI in productivity and strategic planning, according to speakers at a recent Wharton conference. Read More

Knowledge @ Wharton - 2/20/2024
What Can We Do to Narrow the Wealth Gap?

Empowering communities with education, opportunities, and a vision for wealth-building can pave the way to closing the wealth gap.Read More

Knowledge @ Wharton - 2/20/2024
The Overlooked Causes of Air Pollution

Short bursts of air pollution, often caused by indoor cooking, are being neglected by existing regulations, according to research by Wharton’s Susanna Berkouwer. Read More

Knowledge @ Wharton - 2/19/2024