Ders Kataloğu
ECON 624 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 506 - Doctorate - Min Grade D | ||||||||||||||||||||||||||||
or ECON 506 - Masters - Min Grade D) | ||||||||||||||||||||||||||||
and (MATH 571 - Doctorate - Min Grade D | ||||||||||||||||||||||||||||
or MATH 571 - Masters - Min Grade D) | ||||||||||||||||||||||||||||
Corequisite: __ | ||||||||||||||||||||||||||||
ECTS Credit: 10 ECTS (10 ECTS for students admitted before 2013-14 Academic Year) | ||||||||||||||||||||||||||||
General Requirements: | ||||||||||||||||||||||||||||