ECON 624 Welfare Economics
Select Term:
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.
SU Credits : 3.000
ECTS Credit : 10.000
Prerequisite :
( Doctorate ECON 506 Minimum Grade of D
OR Masters Level ECON 506 Minimum Grade of D )
AND ( Doctorate MATH 571 Minimum Grade of D
OR Masters Level MATH 571 Minimum Grade of D )
Corequisite :
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