Public Economics

3 credits · Undergraduate

Analyzes the role of government in problems of resource allocation due to market failure. Concentrates on theories of public goods, collective choice, potential of conflict and cooperation in individually-motivated actions, incentive structures capable of realizing rational, cooperative, group outcomes. Provides theoretical underpinnings of many applied fields. Involves mathematical methods. CALENDAR NOTES: While a background of ECON 3700 is helpful, it is not a prerequisite. PREREQUISITES: ECON 2200.03 (or ECON 2210.03 or ECON 2220.03), and MATH 1000.03 or equivalent with minimum grades of C or instructor permission FORMATS: Lecture