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ECON 111.03 Principles of Microeconomics 6 credits

Open: Size: 30, Registered: 23, Waitlist: 0

CMC 304

MTWTHF
9:50am11:00am9:50am11:00am9:40am10:40am

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Synonym: 61312

Jonathan M Lafky

This course gives the students a foundation in the general principles of economics as a basis for effective citizenship and, when combined with 110, as a preparation for all advanced study in economics. Topics include consumer choice theory; the formation of prices under competition, monopoly, and other market structures; the determination of wages, profits, and income from capital; the distribution of income; and an analysis of policy directed towards problems of public finance, pollution, natural resources, and public goods.

ECON 267.00 Behavioral Economics 6 credits

Open: Size: 25, Registered: 20, Waitlist: 0

Willis 211

MTWTHF
12:30pm1:40pm12:30pm1:40pm1:10pm2:10pm
Synonym: 61315

Jonathan M Lafky

This course introduces experimental economics and behavioral economics as two complementary approaches to understanding economic decision making. We will study the use of controlled experiments to test and critique economic theories, as well as how these theories can be improved by introducing psychologically plausible assumptions to our models. We will read a broad survey of experimental and behavioral results, including risk and time preferences, prospect theory, other-regarding preferences, the design of laboratory and field experiments, and biases in decision making.

Prerequisite: Economics 110 and 111

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You must take 6 credits of each of these.
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You must take 6 credits of each of these,
except Quantitative Reasoning, which requires 3 courses.
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