ECON 251 Fall 2012 Price and Allocation Theory (Q)

Also offered Spring 2013

A study of the determination of relative prices and their importance in shaping the allocation of resources and the distribution of income. Subjects include: behavior of households in a variety of settings, such as buying goods and services, saving, and labor supply; behavior of firms in various kinds of markets; results of competitive and noncompetitive markets in goods, labor, land, and capital; market failure; government policies as sources of and responses to market failure; welfare criteria; limitations of mainstream analysis.
Class Format: lecture
Requirements/Evaluation: problem sets, one or two midterms, and a final exam
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Prerequisites: Economics 110 and Mathematics 103 or its equivalent
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Divisional Attributes: Division II,Quantitative and Formal Reasoning
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Enrollment Limit: 25
Expected Enrollment: 25
Class Number: 1436
CLASSES ATTR INSTRUCTORS TIMES CLASS NUMBER ENRL CONSENT
ECON251-01(F) LEC Price and Allocation Theory (Q) Division 2: Social StudiesQuantitative and Formal Reasoning Stephen C. Sheppard
TF 2:35 PM-3:50 PM Schapiro Hall 141 1436
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