INTERMEDIATE APPLIED ECONOMICS II: MARKETS, WELFARE & POLICY

Catalog description

Complementing the private-decision focus in AEC 311 , the present course focuses on the intermediate microeconomic theory of social welfare and public decision-making. Topics include exchange, monopoly, game theory, social welfare, externalities, public goods and choice, asymmetric information, uncertainty, and cost-benefit analysis. Substantial attention will be given to the implications of these theories for real-world problems, especially regarding resource and environmental issues.