POSC 315 - Government and the Economy

The course examines the inevitable intrusion of politics into economic policy making, with examples drawn from a variety of policy areas including traditional economic regulation, the new social regulation, energy and environmental policies, and recent trends toward deregulation. The course begins with elementary economic theory: the case for free markets, a review of the various ways unregulated markets break down, and rational prescriptions for remedying market failures. The bulk of the course then examines the factors operating to make these market failures more complex than at first they appear, producing policies that depart from economic ideals.

Credits: 1.00
Corequisite: None
Prerequisites: None
Major/Minor Restrictions: None
Class Restriction: None
Area of Inquiry: Social Relations,Inst.& Agents
Liberal Arts CORE: None

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