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MARKETS AND MODELS

ECON 621
Course Description

An investigation into the various ways that markets determine the allocation of scarce resources: via a single market-clearing price, waiting in line or other forms of rationing, search, a centralized matching algorithm, an auction, or a contest. We will examine real-world examples of each type of market, and introduce and solve a formal theoretical model of each to see what insights it leads to.

Prerequisties

(ECON 301 or ECON 311 ) and (MATH 217 or MATH 221 ), or graduate/professional standing

Satisfies

This course does not satisfy any prerequisites.

Credits

Not Reported

Offered

Not Reported

Grade Point Average
3.57

No change from Historical

Completion Rate
100%

No change from Historical

A Rate
40.91%

No change from Historical

Class Size
22

No change from Historical

Instructors (2025 Fall)

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