Professor: Dr. Hirotsugu Uchida
Semester: Spring (odd numbered years)
Prerequisites: EEC 628 or permission of instructor
Catalog Description: Development and application of welfare theory to natural resource use. Welfare concepts such as consumer surplus, producer surplus, and marginal cost pricing in policy decisions for agriculture and natural resources
This course focuses on decision making, strategic behavior, market equilibria, and their implications for welfare and policy. After briefly reviewing utility concepts, we shall study choice under uncertainty, game theory, competitive markets, externalities, market power, general equilibrium, and mechanism design. The course is intended to impart not only knowledge of theoretical results but also skill in deriving them.
By the end of the semester students will be able to:
Dr. Burkett is an economist who specializes in microeconomics, econometrics, and health economics. His current research interests are:
This is an advanced graduate course in microeconomics that will equip you to become a better researcher by honing the development of your economic knowledge and skills.