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AREC 625 - Economic Welfare Analysis (3)

Measurement of economic well-being for producers, consumers, and resource owners. Topics include competitive equilibrium, Pareto optimality, market failure, public goods and nonmarket welfare measurement, multimarket considerations, existing distortions, and second best. Applications in economic welfare analysis of agricultural and resource policies are discussed. Credit will be given for only one course: AREC 625 or AREC 825.

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Last updated: 03/9/2009