About This Course
The study of situations in which actual human choices differ from the predictions of standard economic theory. Topics may include cooperation versus self-interest, altruism, bounded rationality, and the use of reference points to shape decisions. Students will also explore experimental economics as the primary source of learning in this field.
Course At A Glance
The study of markets, supply and demand, value distribution, business organization, market structure, and selected problems in microeconomics. Some basic mathematics and facility with graphs are necessary. ECO223 may be taken before ECO221.