ECON 251
Price and Allocation Theory
Spring 2020
(also offered Fall 2019)
Division II
Quantitative/Formal Reasoning
This is not the current course catalog
Class Details
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.
The Class:
Format: lecture
Limit: 30
Expected: 25
Class#: 3143
Grading: yes pass/fail option, yes fifth course option
Limit: 30
Expected: 25
Class#: 3143
Grading: yes pass/fail option, yes fifth course option
Requirements/Evaluation:
weekly problem sets, one or more quizzes, one or two midterms, one or two short essays, and a final exam
Prerequisites:
ECON 110 and MATH 130 or its equivalent
Distributions:
Division II
Quantitative/Formal Reasoning
Class Grid
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HEADERS
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CLASSESColumn header 2DREQColumn header 3INSTRUCTORSColumn header 4TIMESColumn header 5CLASS#
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ECON 251 - 01 (S) LEC Price and Allocation Theory
ECON 251 - 01 (S) LEC Price and Allocation TheoryDivision II Quantitative/Formal ReasoningTF 1:10 pm - 2:25 pm
Schapiro Hall 1413143 -
ECON 251 - 02 (S) LEC Price and Allocation Theory
ECON 251 - 02 (S) LEC Price and Allocation TheoryDivision II Quantitative/Formal ReasoningTF 2:35 pm - 3:50 pm
Schapiro Hall 1413144
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