Course Schedule and Catalog

Long Title: DISTRIBUTIVE JUSTICE: A MICROECONOMIC APPROACH

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 370 or permission of instructor

Description: The course examines efficiency, fairness, and incentive- compatibility in problems involving trade and production. Topics include: equality, competitive trade; the No Envy test; Stand Alone test; the Shapley value; theories of the social contract such as utilitarianism and egalitarianism; including impossibility results of Arrow and Gibbard- Satterthwaite.