EC 312 - Microeconomic Theory

This course explores the criteria for government involvement in the economy, discusses intended and unintended effects of this involvement, and studies the effects of the taxes. We consider market failures like pollution, public goods, and tragedies of the commons, and survey government involvement in Welfare, Social Security, education, and healthcare.

Prerequisites: EC 101 or EC 103 (MA 130 (formerly MA 103) or MA 150 (formerly MA 109) recommended)

Full course