ECON 3450

Economic Analysis of the Welfare State

Course Description

Course information provided by the 2026-2027 Catalog.

Uses the tools of labor and public economics to analyze modern welfare states. What are the rationales for the level of government intervention in these states, and how do these rationales square with notions of market failure? What are the economic costs and benefits of taxes, transfers, and regulations in these states? Can voting models explain the growth and operation of welfare states? What are the impacts of these policies on labor markets? Possible answers to these questions are discussed.

Prerequisites ECON 1110 or ILRLE 2400 and one of the following courses: ECON 3110, ECON 3130, ILRST 2100, AEM 2100, AEM 4110, CEE 3040, CRP 1200, ENGRD 2700, HADM 2010, HADM 2011, ILRST 6100, MATH 1710, PSYCH 2500, PUBPOL 2100, PUBPOL 2101, PUBPOL 3100, SOC 3010, STSCI 2100, STSCI 2150, STSCI 2200, STSCI 3080, STSCI 6010.

Enrollment Priority Enrollment limited to: Undergraduate sophomores, juniors, and seniors.

Distribution Requirements (ICE-IL, QP-IL)

Last 4 Terms Offered (None)

View Enrollment Information