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Economics (ECON) Courses
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Your search for courses for 17/SP and ECON and course number 246 found 1 course.
ECON 246.00 Economics of Welfare 6 credits
Closed: Size: 25, Registered: 24, Waitlist: 0
| M | T | W | TH | F |
|---|---|---|---|---|
| 12:30pm1:40pm | 12:30pm1:40pm | 1:10pm2:10pm |
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Synonym: 44929
This course presents economic theory on how society as a whole ranks and chooses between different alternatives. It delves into the realm of normative economics analyzing objectives society may want to pursue, mechanisms designed to reach those objectives, and the resulting welfare of individuals affected by the choices made. The theoretical tools discussed will be used to study different mechanisms of voting, redistributing income, government intervention, auctions, and trade. Among other things, students will be exposed to the Pareto criterion, Arrow's impossibility theorem, the Vickery-Clarke-Grove mechanism, the Coase theorem, utilitarianism, Rawlsian ethics, and welfare theorems.
Prerequisite: Economics 110 and 111
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