Middlebury

ECON 0347

Indiv. Social Political Choice

Individual, Social, and Political Choice
How do individuals make choices? How do individual and group choices differ? In this course we will address these questions by providing an introduction to choice theory, prospect theory, social choice theory, and political economy. We will first develop the foundations of rational individual choice and consider critiques of standard "rationality" assumptions. We will examine challenges which arise in attempting to aggregate individual preferences into "social" preferences and various solutions to these challenges. Our focus will be on recent approaches taken in the field of political economics. (ECON 0155 and MATH 0121 required; ECON 0255 recommended) 3 hrs. lect.
Subject:
Economics
Department:
Economics
Division:
Social Sciences
Requirements Fulfilled:
DED SOC

Sections in Fall 2007

Fall 2007

ECON0347A-F07 Lecture (Rothschild)