Jun 25, 2024  
College Catalog 2015-2016 
College Catalog 2015-2016 [ARCHIVED CATALOG]

ECON 461 - Selected Topics in Microeconomic

This course will extend the subject matter of Intermediate Microeconomics, considering both theory and selected applications in four broad areas: (1) Extensions of the theory of choice to considerations of risk and uncertainty, the expected utility hypothesis, and the economics of information; (2) Extensions of the competitive market model to examine the supply of exhaustible resources, airline regulation and deregulation, and rent controls; (3) Extensions of simple, undifferentiated oligopoly theory to examine product differentiation, game theory, and contestable markets; and (4) Extensions of the theory of factor markets to study discrimination in the labor market, the negative income tax, and the incidence of the social security payroll tax.  This course counts as a Group A elective. Prerequisite(s): ECON 361 , ECON 371  and ECON 381 , and Senior standing or permission of instructor. Alternate years. (4 Credits)