ECON 3875

ECON 3875

Course information provided by the Courses of Study 2022-2023.

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.

When Offered Spring.

Prerequisites/Corequisites Prerequisite: AEM 6080, and ECON 3030, or equivalent intermediate microeconomic theory course incorporating calculus.

Distribution Category (SBA-AS, SSC-AS)
Course Attribute (CU-SBY)

Comments Formerly Econ 4840. Not offered every year.

View Enrollment Information

  •   Regular Academic Session.  Combined with: AEM 6300

  • 4 Credits Graded

  •  5076 ECON 3875   LEC 001

  • Instruction Mode: In Person
    Prerequisite: Either PAM 2000, ECON 3010, ECON 3030 (formerly 3130), or equivalent.