ECON 306 - Economics, Philosophy, and Politics

Units: 3

Uses the fundamental economic concepts of rational choice, supply-demand, trade, and market exchange to examine the efficient economy. Uses the concepts from game theory, predation and rent seeking models to examine the economics of the dark side, when the economy’s property rights are not fully developed or enforced. Finally the economy as a set of fair rules and norms is explored using the works of a few key political philosophers (Rawls, Nozick, Sen, et al.) with a particular emphasis on distributive justice (economics of inequality).
Prerequisite(s): MATH 132 or MATH 160 , ECON 201 and ECON 202 .