ECON3050 - Free Market Economics

Free markets are the foundation upon which free societies are built. Without the ability to interact with each other outside the oversight of government, individuals are prevented from dealing with the economic problem in preferred ways. This course deals with the fundamental concerns of government involvement in markets. Even when agreed upon by society, government interference has consequences, and free societies must be aware of those results. Major topics include a study of economics of socialism and capitalism, the "invisible hand" in capitalism, spontaneous order, and the economic goals of growth, freedom, equity, and efficiency.
3 Credits