2016-2017 Academic Catalog 
    
    Nov 23, 2024  
HELP
2016-2017 Academic Catalog [ARCHIVED CATALOG]

ECON 302 - Microeconomics-Topics

This course is primarily concerned with topics associated with market failure:  imperfect competition, externalitites/public goods and information economics.  In our study of imperfect competition, we use game theory to build static and dynamic models of oligopoly.  We study the issues with the presence of externalities/public goods which undermines the Pareto optimality of market equilibrium.  The economics of information will address market failure due to asymmetric/imperfect information.  Topics covered include adverse selection, moral hazard and mechanism design.

Prerequisites: ECON 301 

Anticipated Terms Offered: Offered every year
Catalog Navigation
  Catalog Home
  History of Clark
  Accreditation
  Tuition and Financial Aid
  Admissions Requirements
  Departments and Offices
  Programs of Study
  Courses
  Undergraduate Academics and Special Programs
  Graduate Academics and Information
  Academic Policies
  Student Resources
  Facilities
  The Corporation
  Academic Calendar