Mark C Long
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.
This course intends to strengthen your knowledge of microeconomic theory and to help you use it as a framework for policy analysis. The class aims to improve your skills to design and evaluate policies from an economic perspective. It will cover basic concepts and theory, but considerable time will be assigned to applications. You are encouraged to bring up examples from your own experience.
Student learning goals
General method of instruction
The course will draw freely upon vocabulary or ideas developed in introductory microeconomics and will rely extensively on graphs and basic algebra. If your skills are rusty, please devote some time to do a quick review.
Class assignments and grading