The economies of Lesser Developed Countries will also be discussed. Economics 311, 312. Primarily intended for transfer of credit earned abroad in courses in economics. This course addresses the role of government in a market economy. The economic rationale for government intervention in correcting market failures is analyzed, along with regulation and redistribution issues.
Contrast is made between bureaucratic and market solutions.
Environmental and Resource Economics. This course analyzes environmental concerns and the economics of resource use. Specifically, a contrast will be made between governmental solutions to environmental issues and market-based environmental reforms. The underlying theme of the course is the ability to use economic theory to develop appropriate incentive structures for the use of economic resources. Advanced topics in microeconomics supplemented by applications of microeconomic theory to policy and business issues.