Course Descriptions for the Finance and Economics Department

ECON3050 - Free Market Economics
Summer 2014

This course deals with the concept of a free market economy and how a model of economic freedom and limited government is related to political liberty and economic efficiency. Major topics include a study of economics of socialism and capitalism, the "invisible hand" in capitalism, the "fatal conceit" in socialism, the utopian models of laissez-faire capitalism and egalitarian Marxism, and the economic goals of growth, freedom, equity, full employment, price stability, and efficiency.
Prerequisites: (ECON1020 and ECON1030) or ECON1010
3 Credits

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