This course is both an Integrative Experience course and a Civic Engagement course. In it, we will use microeconomic tools to analyze how markets function, how they fail, and how intervention can correct market failures. The basic point of the course will be to answer the following question: What are the market failures that governmental entities or nonprofit organizations attempt to correct? Another way of asking this is: Why doesn't the free market fulfill the needs or provide the services that government or nonprofits do?

In this course we explore microeconomic theories of how industries operate in real-world marketplaces where the conditions often deviate substantially from the perfectly competitive model in your earlier microeconomics courses. Industrial organization refers to the degree and type of competition (or cooperation) among firms in an industry. Different industrial conditions tend to lead to different structures and conduct of industries, and hence, different outcomes for shareholders, managers, workers, suppliers, and consumers.

Theory and applications of game theory, a major tool of analysis in economics, biology, and political science. Applications include: bargaining, auctions, the "prisoner's dilemma," the "tragedy of the commons," tacit collusion, competition among firms, and strategic interactions in labor, credit, and product markets. Prerequisites: ECON 103 or RES-ECON 102 and MATH 127 or 131 or 135.

Theory and applications of game theory, a major tool of analysis in economics, biology, and political science. Applications include: bargaining, auctions, the "prisoner's dilemma," the "tragedy of the commons," tacit collusion, competition among firms, and strategic interactions in labor, credit, and product markets. Prerequisites: ECON 103 or RES-ECON 102 and MATH 127 or 131 or 135.

Theory and applications of game theory, a major tool of analysis in economics, biology, and political science. Applications include: bargaining, auctions, the "prisoner's dilemma," the "tragedy of the commons," tacit collusion, competition among firms, and strategic interactions in labor, credit, and product markets. Prerequisites: ECON 103 or RES-ECON 102 and MATH 127 or 131 or 135.

Theory and applications of game theory, a major tool of analysis in economics, biology, and political science. Applications include: bargaining, auctions, the "prisoner's dilemma," the "tragedy of the commons," tacit collusion, competition among firms, and strategic interactions in labor, credit, and product markets. Prerequisites: ECON 103 or RES-ECON 102 and MATH 127 or 131 or 135.

Theory and applications of game theory, a major tool of analysis in economics, biology, and political science. Applications include: bargaining, auctions, the "prisoner's dilemma," the "tragedy of the commons," tacit collusion, competition among firms, and strategic interactions in labor, credit, and product markets. Prerequisites: ECON 103 or RES-ECON 102 and MATH 127 or 131 or 135.

Theory and applications of game theory, a major tool of analysis in economics, biology, and political science. Applications include: bargaining, auctions, the "prisoner's dilemma," the "tragedy of the commons," tacit collusion, competition among firms, and strategic interactions in labor, credit, and product markets. Prerequisites: ECON 103 or RES-ECON 102 and MATH 127 or 131 or 135.

Not available at this time.

Neoclassical microeconomic theory. Consumer behavior, theory of the firm, markets, income distribution, general equilibrium, welfare economics.