Course Schedule and Catalog

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 211 AND ECON 370

Description: DISTRIBUTIVE JUSTICE: A MICROECONOMIC APPROACH ***** Methodological individualism and social contract theories; private versus public contracts; division according to claims/liabilites; sharing joint costs and surplus; shapely value; managing the commons: increasing or decreasing returns; fair trade and the competitive quilibrium; fair division according to tast; cardinal welfarism; utilitarianism, equlitarianism; social choice; aggregation of performance; and voting. Not offered every year. ***** Prerequisites: ECON 211, 370 or permission from instructor.