Crime and Economics
Crime and public policies affecting crime and punishment is an increasingly important aspect of U.S. society. Increasing current and former prison populations make it important to analyze effects this “sector” has on the economy and society as a whole. Introduce students to the decision to commit a crime modeled in a rational framework. Analysis of several economic models of crime and investigation of effects of crime on the public and the criminal. Topics: public economics, labor economics, racial disparities and inequalities, control theory, and anomie. Pre-requisites: ECON205D and 210D. ECON208D recommended. One course.