ECON 360 - Applied Economic Theory

The goal of this course is to illustrate to students the role that economic theory can play in understanding current events and important policy debates. Students use relevant theoretical concepts learned in both ECON 251 and ECON 252, and reviewed in this course, to further their understanding of, and to help them to form opinions on, some important contemporary issues and economic debates. Examples of covered topics might include the proposal to privatize Social Security, differing unemployment rates in the United States and Europe, evaluating welfare reform, the increase in the incidence of personal bankruptcy, the IMF’s role in stabilizing the international financial system, the government’s role in providing public education, and the causes of growing U.S. wage inequality. Theoretical concepts that might be utilized include information theory, overlapping generations models, growth models, game theory, and theories of market failure.

Credits: 1.00
Corequisite: None
Prerequisites: ECON 251 and ECON 252
Major/Minor Restrictions: None
Class Restriction: None
Area of Inquiry: Social Relations,Inst.& Agents
Liberal Arts CORE: None
Formerly: ECON 376

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