Application of game theoretical concepts to a comparative analysis of the causes and effects of alternative institutional arrangements. An economic analysis of the law. Developments in economic thought from 1500 to the present. Emphasis on historical origins, impact on contemporary economics, and theoretical validity. Application of economic tools to investigate problems in economics.
Subject matter varies.
May be repeated once for credit with permission of the department. Individual research project proposed by instructor or in conjunction with other departmental courses. Project includes research design, data collection, use of program packages, data processing, and analysis. Culminates in the preparation of a substantial paper. Current economic problems studied and discussed in seminar format.