ECON 251
Price and Allocation Theory
Fall 2023
(also offered Spring 2024)
Division II
Q 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: 30
Class#: 1778
Grading: yes pass/fail option, yes fifth course option
Limit: 30
Expected: 30
Class#: 1778
Grading: yes pass/fail option, yes fifth course option
Requirements/Evaluation:
Requirements vary by professor, but typically include frequent problem sets and multiple exams, including a final exam. They may also include one or more quizzes, short essays, collaborative projects, or presentations.
Prerequisites:
ECON 110 and MATH 130 or its equivalent
Enrollment Preferences:
Current or prospective Economics majors.
Distributions:
Divison II
Quantitative/Formal Reasoning
QFR Notes:
Course involves developing and analyzing mathematical models of real-world phenomena, grounded in tools like calculus and game theory. Students are assumed to be comfortable with topics from introductory calculus, including differentiation and integration.
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 (F) LEC Price and Allocation Theory
ECON 251 - 01 (F) LEC Price and Allocation TheoryDivision II Q Quantitative/Formal ReasoningMWF 8:30 am - 9:45 am
Hopkins Hall 0011778 -
ECON 251 - 02 (F) LEC Price and Allocation Theory
ECON 251 - 02 (F) LEC Price and Allocation TheoryDivision II Q Quantitative/Formal ReasoningMWF 11:00 am - 12:15 pm
Schapiro Hall 1291779 -
ECON 251 - 03 (F) LEC Price and Allocation Theory
ECON 251 - 03 (F) LEC Price and Allocation TheoryDivision II Q Quantitative/Formal ReasoningTR 11:20 am - 12:35 pm
Schapiro Hall 1291780 -
ECON 251 - 04 (F) LEC Price and Allocation Theory
ECON 251 - 04 (F) LEC Price and Allocation TheoryDivision II Q Quantitative/Formal ReasoningMR 1:10 pm - 2:25 pm
Schapiro Hall 1292013