Economics of Corruption

3 credits

A study of incentives and deterrents of corrupt behavior using economic models. A study of causes and consequences of corruption, with a particular focus on post-communist and developing countries. It analyzes corruption from an institutional and transaction economics approach, and how it sustains other illicit activities such as tax evasion, and the underground economy. ***Prerequisite: 45 credit hours or 3 Econ courses.***