Covers the history and philosophy of economic thought from the classics to the present. Some readings explore the relationship to other social sciences, to mathematics, biology, and physics. Others examine the way in which historical events have affected the evolution of economics. Note: Jointly offered with the Business School as 4811.
Voting theory, social choice, mechanism design, bargaining theory, cooperative game theory, equitable cost allocation, fair division, welfare analysis of taxation, public expenditures and risk bearing. This course offers a rigorous approach to normative economics. Students should have an interest and ability to work with abstract mathematics and axiomatic reasoning.
Note: A graduate level of this course is being offered at the same time, therefore graduate students will be present in the class.