ECON 384 - Intermediate Microeconomic Theory II

3 units (fi 6)(EITHER, 3-0-0)

Designed for majors and Honors students in Economics. Extensions and applications of microeconomic theory: intertemporal choice, risk, uncertainty and expected utility; oligopoly and game theory; externalities, public goods, adverse selection, moral hazard, and asymmetric information; general equilibrium. Prerequisites: ECON 281 and 299 or equivalent, and MATH 156 or equivalent.

ECON 421 - International Trade

3 units (fi 6)(EITHER, 3-0-0)

Nature and relevance of international trade; early trade doctrines; the theory of comparative advantage, classical and modern approaches and empirical evidence for them; new approaches to the pure theory of international trade; economic growth and international trade; market imperfections and trade; commercial policy; economic integration and the gains from trade. Prerequisites: ECON 281 and MATH 156 or equivalent.