Fall 2008 Course Description

Applied Microeconomics for Policy Analysis

Instructor(s): Kenneth Flamm
Course: P A 393K - Applied Microeconomics for Policy Analysis
(previously Political Economy I)
Unique Number: 64925
Day & Time: Wednesdays, 6:00 PM - 9:00 PM
Room: SRH 3.109
Waitlist Information:For LBJ Students: UT Waitlist Information

Description: The objective of this class is to familiarize the student with basic concepts and tools of microeconomic analysis used to frame public policy debate. At a minimum, the student will have an understanding of the basic economic arguments encountered in policy debates and how to apply economic tools to simple policy analysis. The approach followed in this class will be to present a rapid, spare and concise description of the theory, then show how it can be applied to practical policy issues.
Themes to be given particular attention will include the impact of government policy and regulation on corporate behavior, industrial organization, the operation of imperfectly competitive markets, and the global system of international trade and investment.

Approximately the first 2/3 of this class will be an exposition of basic microeconomic concepts. The remaining 1/3 of the class will be organized around student presentations designed to explore how these concepts can be applied to real world policy problems. These policy problems will be oriented toward international trade and technology issues.
The course will consist mainly of lectures and discussion, supplemented by problems, and student presentations. In addition to the required text, additional materials will be placed on reserve. To the maximum extent possible, all materials will be distributed and graded electronically, via the Blackboard system. See http://courses.utexas.edu for further information.

This class is a prerequisite for Advanced Policy Economics (PA 393L).

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