Paul A Waddell
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 will cover the principles of microeconomics and their application to policy decisions. We will examine principles and applications of microeconomics to decision-making, with an emphasis on the public sector, and will consider the uses and limitations of the tools of microeconomics within this context.
Student learning goals
General method of instruction
Lecture and discussion
introductory microeconomics, solid algebra
Class assignments and grading
Homework assignments will emphasize practice with problem solving using microeconomic analysis. A midterm and a final exam will be given in class.
Homeworks 30% Midterm 30% Final 40%