Fall 2006 Course Description
Applied Microeconomics for Policy Analysis
Description: Course Objective
This course will provide an analytic framework for policy analysis and public management with a focus on understanding economic markets, mitigating market failures, and avoiding government failures through effective governance arrangements and public policies.
At the end of the course students will be able to:
- Apply economic models to policy problems
- Use economic efficiency and equity as criteria for evaluating policies
- Identify sources of market failure and appropriate remedies
- Identify sources of government failure and appropriate remedies
Assignments & Grading
Grades consist of midterm and final exams, one case analysis, and class participation. Class participation includes completion of four problem sets to help you learn the material, and active participation in weekly class discussions.
- Midterm 30%
- Final Exam 35%
- Case Analysis 25%
- Participation 10%
Textbooks
Microeconomics (5th edition) by Pindyck & Rubenfeld
Policy Analysis: Concepts and Practices (4th edition) by Weimer & Vining
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