ECO 210 and ECO 220. An examination of problems associated with pollution and resource depletion. Students are introduced to the usefulness and limitations of welfare economics as a tool in improving the quality of life. A study of facts and observations from laboratory experiments and every day economic life that contradict the predictions of major economic theories. This class familiarizes students with primitive economic issues, such as the formation of preferences, to more sophisticated topics, such as game theory.
Students use standard financial software when analyzing the issues considered.
ECO 260 is recommended.