ECON 251 Spring 2014 Price and Allocation Theory (Q)

Also offered Fall 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: weekly problem sets, one or more quizzes, one or two midterms, one or two short essays, and a final exam
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Additional Info2:
Prerequisites: ECON 110 and MATH 130 (formerly 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: 3278
CLASSES ATTR INSTRUCTORS TIMES CLASS NUMBER
ECON251-01(S) LEC Price and Allocation Theory (Q) Division 2: Social StudiesQuantitative and Formal Reasoning Ashok S. Rai
TF 1:10 PM-2:25 PM Physics 205 3278
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