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ACE 503 M - Equilibrium and Welfare Econ

Campus: Urbana-Champaign


Provides a theoretical and applied treatment of economic equilibrium and the consequences of displacement of equilibrium for the welfare levels of economic agents. Displacement of equilibrium will be shown to be brought about by changes in government policy, technology, and consumer preferences. Welfare measures under partial equilibrium, general equilibrium, and multi-market models will be presented. Includes various applications of welfare economics in the analysis of policy and technological change. Course Information: Prerequisite: ECON 500 and at least two semesters of college calculus.

Special Instructions:

Professor Bullock will be teaching this class the first half of the semester and Professor Atallah the second half. Students are required to login and use Compass (compass2g.illinoi.edu) in order to complete this course. Lab rooms are reserved on Fridays (2:00 pm -2:50 pm) in the second half of the semester. If needed, students may use 29/30 - ACES Lib, Info & Alum Ctr for this course.

Option 1

Number of Required Visit(s): 0

Course Level: Graduate

Credit: 0

Term(s): Spring

Option 2

Number of Required Visit(s): 0

Course Level: Graduate

Credit: 4

Term(s): Spring


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