ECON 251 Spring 2015 Price and Allocation Theory (Q)

Also offered Fall 2014

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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Prerequisites: ECON 110 and MATH 130 or its equivalent
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Divisional Attributes: Division II,Quantitative and Formal Reasoning
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Enrollment Limit: 30
Expected Enrollment: 25
Class Number: 3481
CLASSES ATTR INSTRUCTORS TIMES CLASS NUMBER ENRL CONSENT
ECON 251 - 02 (S) LEC Price and Allocation Theory (Q) Division 2: Social StudiesQuantitative and Formal Reasoning Stephen C. Sheppard
MR 2:35 PM-3:50 PM 3481 Open
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