Description: Lecture, one hour; laboratory, one hour. Requisites: courses 11, 41 (or equivalent). Enforced corequisite: course 182B. Empirical analysis requiring application of material from course 182B to the development of the U.S. Economy from the Civil War to World War I. Focus on application of economic models and empirical analysis to understand what drove the evolution of the economy, why structural changes occurred, and why there was persistence. P/NP or letter grading.

Units: 1.0