ECON 310 - Advanced Microeconomic and Macroeconomic Theory

Credits: 3

Prerequisites: ECON 210 and 211. An introduction to the scope and tools of modern economic theory, including student applications of these theories. Equal time is spent examining topics, with the focus in microeconomics on examining sources of market failure (externalities, public goods, asymmetric information) and decision-making under uncertainty, and the focus in macroeconomics on constructing models of the demand-side and supply-side of the macroeconomy and on policy-setting in both the closed and open economy settings. Davies.