PB AF 516
Ways in which microeconomic analysis can contribute to the analysis of public sector issues. Supply and demand, consumer and firm behavior, competitive and monopoly markets, income distribution, market failure, government intervention. Policy applications of theory. Prerequisite: elementary economics.
OBJECTIVE: This course will cover the principles of microeconomics and their application to policy decisions. In addition to principles and applications, we will examine the strengths and limitations of economics, especially for public sector issues.
Student learning goals
General method of instruction
Class assignments and grading
Midterm 25% Final 35% Quizzes 25% Course project 15%
* The pop quizzes (approx. 4-6 of them) are given during the first 10 minutes of class. The lowest quiz grade will be dropped from the overall calculation. * Both the midterm and the final will be given in class.