Course Catalog
ECON 424 Welfare Economics | 3 Credits | |||||||||||||||||||||||||||
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Competitive price mechanism and its welfare properties. Economic justice; public goods; social welfare functions; Arrow's impossibility theorem; Sen's liberal paradox; voting and aggregation rules. Applications and discussion topics include privatization and allocation of resources for national defense. | ||||||||||||||||||||||||||||
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Prerequisite: ECON 204 - Undergraduate - Min Grade D | ||||||||||||||||||||||||||||
Corequisite: __ | ||||||||||||||||||||||||||||
ECTS Credit: 6 ECTS (6 ECTS for students admitted before 2013-14 Academic Year) | ||||||||||||||||||||||||||||
General Requirements: | ||||||||||||||||||||||||||||