Public Policy Economics.

Catalog description

Semester course; 3 lecture hours. 3 credits. This course is designed to introduce students to a set of applied microeconomic models that can be used to understand and evaluate important policy issues. Students will be shown how these models can be used as tools to design, to predict the effects of and to evaluate public policies. Specific models used in this course will include consumer theory, production theory, cost theory and the theory of economic organization. Discussions of policy analysis and evaluation will rely upon theoretical approaches to welfare economics.