ECON 3875

ECON 3875

Course information provided by the Courses of Study 2020-2021.

The first half of the course surveys the theory of welfare economics as a foundation for public policy analysis. Major issues addressed include the problem of social welfare measurement, the choice of welfare criteria, and the choice of market or nonmarket allocation. Basic concepts covered include measurement of welfare change, including the compensation principle, consumer and producer surplus, willingness-to-pay measures, externalities, and the general theory of second-best optima. The second half focuses on public policy analysis as applied to domestic agricultural policy and international trade. The domestic policy component examines major U.S. farm commodity programs and related food and macroeconomic policies and analyzes their effects on producers, consumers, and other groups. The international trade component examines the structure of world agricultural trade, analytical concepts of trade policy analysis, and the principal trade policies employed by countries in international markets.

View Enrollment Information

Enrollment Information
Syllabi: none
  •   Regular Academic Session.  Combined with: AEM 6300

  • 4 Credits Graded

  •  6309ECON 3875  LEC 001

    • TRTo Be Assigned
    • Feb 8 - May 14, 2021
    • de Gorter, H

  • Instruction Mode: In Person
    Prerequisite: Either PAM 2000, ECON 3010, ECON 3030 (formerly 3130), or equivalent.
    Enrollment limited to students who are able to attend in-person classes in the Ithaca area.

Enrollment Information
Syllabi: none
  •   Regular Academic Session.  Combined with: AEM 6300

  • 4 Credits Graded

  • 19677ECON 3875  LEC 002

    • TROnline Meeting
    • Feb 8 - May 14, 2021
    • de Gorter, H

  • Instruction Mode: Online
    Prerequisite: Either PAM 2000, ECON 3010, ECON 3030 (formerly 3130), or equivalent.
    Enrollment in the online section is limited. Students should place themselves on the waitlist for the online section only if there are no spots currently open.