ECON 802. Microeconomics II. 3 Hours.

The study of the operation of the economic system taking into account the diversity of goods and services. Primary attention is centered upon the competitive economy. A study is made of the existence, uniqueness, stability, and comparative statics of equilibrium positions. In addition, a study is made of ways of evaluating alternative states of the economy in terms of systems of value judgments. This includes a discussion of the Arrow Impossibility Theorem; the notion of a Pareto-satisfactory process is introduced and the relationship between Pareto-optimal states and competitive equilibrium positions is studied. Prerequisite: ECON 800 and ECON 801. LEC.

Doctor of Philosophy in Business

http://catalog.ku.edu/business/phd/

...922 Advanced Regression 3 ECON 801 Microeconomics I 3 ECON 802 Microeconomics II 3 BE...

Doctor of Philosophy in Economics

http://catalog.ku.edu/liberal-arts-sciences/economics/phd/

...methods ECON 800 Optimization Techniques I 3 ECON 801 Microeconomics I 3 ECON 802 Microeconomics...