This course explores the many ways in which the assumptions of the perfectly competitive model are violated in the real world, and the consequences of these market failures for consumers and firms. The course examines potential government intervention to "fix" the failures as well as the limits of government intervention. Topics include monopoly/monopsony, externalities, the tragedy of the commons, public goods, asymmetric information, and incomplete information.
Offerings
Spring 2026 [1265]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2320 | 0 / 60 | | | | |
Winter 2026 [1261]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3468 | 46 / 89 | 13:00 - 14:20 | T,Th | | |
Fall 2025 [1259]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3656 | 75 / 84 | 10:00 - 11:20 | T,Th | | |
Spring 2025 [1255]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2381 | 28 / 45 | 16:00 - 17:20 | T,Th | | |
Winter 2025 [1251]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3563 | 65 / 70 | 13:00 - 14:20 | M,W | | |
Spring 2024 [1245]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2416 | 37 / 60 | 13:00 - 14:20 | T,Th | | |
Winter 2024 [1241]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3599 | 50 / 80 | 08:30 - 09:50 | T,Th | | |
Fall 2023 [1239]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3689 | 54 / 90 | 11:30 - 12:50 | M,W | | |
Spring 2023 [1235]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2429 | 31 / 70 | 13:00 - 14:20 | T,Th | | |
Winter 2023 [1231]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3642 | 35 / 65 | 10:00 - 11:20 | M,W | AL 124 | Ryan George |
Fall 2022 [1229]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 4052 | 88 / 80 | 10:00 - 11:20 | T,Th | RCH 211 | Stephanie Lluis |
Spring 2022 [1225]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2474 | 49 / 90 | 10:00 - 11:20 | T,Th | AL 208 | Stephanie Lluis |
Winter 2022 [1221]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3713 | 65 / 80 | | | | Ryan George |
Fall 2021 [1219]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3986 | 117 / 120 | | | | Ryan George |
Spring 2021 [1215]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 041 | 2365 | 80 / 80 | | | | Ryan George |
Winter 2021 [1211]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 041 | 3779 | 79 / 70 | | | | Ryan George |
Fall 2020 [1209]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 041 | 4041 | 68 / 65 | | | | Ryan George |
Spring 2020 [1205]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2492 | 78 / 70 | | | | John Burbidge |
Winter 2020 [1201]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3861 | 39 / 120 | 08:30 - 09:50 | M,W | PAS 2083 | Ryan George |
Fall 2019 [1199]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 4151 | 57 / 120 | 08:30 - 09:20 | M,W,F | PAS 2083 | Ryan George |
Spring 2019 [1195]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2511 | 60 / 90 | 11:30 - 12:50 | T,Th | PHY 145 | John Burbidge |
Winter 2019 [1191]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 3938 | 62 / 120 | 08:30 - 09:50 | T,Th | DWE 1501 | John Burbidge |
Fall 2018 [1189]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 8421 | 54 / 120 | 09:30 - 10:20 | M,W,F | PAS 2083 | Ryan George |
Spring 2018 [1185]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 2504 | 58 / 90 | 10:00 - 11:20 | T,Th | DWE 3522 | John Burbidge |
Winter 2018 [1181]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 8187 | 44 / 120 | 08:30 - 09:50 | T,Th | MC 4059 | John Burbidge |
Fall 2017 [1179]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 8541 | 0 / 25 | | | | |
Spring 2017 [1175]
| Section | Class | Enrolled | Time | Days | Location | Instructor |
|---|
| LEC 001 | 4910 | 20 / 40 | 08:30 - 09:50 | T,Th | RCH 206 | John Burbidge |