Economics 461 - Selected Topics in Microeconomics

Institution:

Macalester College

Subject:

Description:

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. Prerequisites: Economics 361, 371 and 381. This course will count towards the capstone. Alternate years; next offered Fall 2009. (4 credits)

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.macalester.edu

Phone Number:

(651) 696-6000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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