ECB 109 - Topics: Economics of Crime (FYS) (1)

At the heart of the field of microeconomics is the axiom that people are rational-that is, they always choose the best available option when making decisions and respond to economic incentives in predictable and systematic ways. So, are criminals rational? Do they behave in predictable and systematic ways when deciding to commit crimes? Do they respond in predictable and systematic ways to laws and public policies intended to reduce criminal activity? We will explore the economic causes and consequences of crime, with emphasis on crimes against property, crimes against persons, and victimless crimes. We will also examine, in some detail, the economics of the market for illegal drugs, beginning with the first link in the supply chain and ending with the final consumer. We will employ a variety to data sources to identify crime and punishment trends over time as well as race-based and gender-based differences in criminal behavior and punishment. Seminar activities will include class discussions of assigned readings and a series of data-driven projects and writing assignments culminating in class presentations.
(First Year Seminar (FYS))