ECON 5360

Ethics, Justice & Economics

Lec 01 selected

Assumptions of Neoclassical economic theory are critically examined with a focus on the ethical and distributional consequences of using markets as an allocation mechanism. We discuss the major conceptions of economic justice, including utilitarianism and social choice theory, Rawlsian egalitarianism Nozickian libertarianism, Sen’s capabilities approach and equality of opportunity.

Sections

Lecture

From the syllabus

From the Winter 2026 syllabus by Daniel Rosenblum. Open the PDF

Grading

50%Short writing assignments (5)Lowest grade dropped
10%Final paper presentation
40%Final paper

Textbook

  • Economic analysis, moral philosophy, and public policy, Daniel Hausman, Michael McPherson, and Debra Satz

Course rules

Late work
Late work receives zero unless an extension is approved before the due date or there is an emergency.
Class devices
Phones, tablets, and computers are not allowed during class without the professor’s permission; use may reduce your grade.
Attendance
There is no participation grade, but attendance and participation are encouraged.
AI use
Do not use AI or large language models for assignments unless the assignment instructions specifically allow it.
Missed requirements
Doctor’s notes and Student Declaration of Absence forms are not required.
Final paper
The topic must be approved by the professor, and graduate students must incorporate one approved relevant book.

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