Economics of Crime

Catalog description

Analyzes crime using an economic perspective, and introduces a model of the rational criminal. Applies core economic principles such as utility maximization, marginal thinking, and opportunity cost, to investigate criminal behavior, its economic impact on markets, and public policies aimed at reducing crime. Covers societal costs of crime, allocation of resources in the criminal justice system, crimes against property and persons, victimless crimes, organized crime, punishment, and deterrence. May not be taken for credit by students who received credit for: ECON 481-12. Prerequisite(s): ECON 201 and ECON 202 .