Welfare economics, including the concepts of Pareto efficiency and consumer surplus and the analysis and measurement of welfare costs of public goods, externalities, and other "market failures."

Semester Course Offered

Offered every year.

Grading System

A-F (Traditional)

Prerequisite

ECON 8000 and ECON 8010

Athena Title

MICROECONOMICS II

Syllabi ECON 8020
Credit Hours 3.0