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318.603.01 APPLIED MICROECONOMICS FOR POLICYMAKING

Term: 1st term
Credits: 3 credits
Contact: Carey Borkoski
Academic Year: 2014 - 2015
Course Instructor:
Description:

Introduces policy students to the theories, concepts, terminology and tools of microeconomics as it relates to the examination and analysis of public policies. Students gain new vocabulary to describe decision-making behavior of people, households, firms and governments. Students learn and apply theories of supply and demand, elasticity, utility-maximization and other concepts to examine and better understand public policy issues. Students finish the course with an understanding of economic terminology and theories, will be able to use economic tools to examine decision-making and apply the concepts, terminology and tools to various policies and problems.

Learning Objective(s):
Upon successfully completing this course, students will be able to:
Describe the basic tools used in microeconomic analysis
Explain the key terminology and concepts of microeconomics
Utilize supply and demand models to evaluate different pricing policies including taxes, price ceilings and price floors
Discuss the role of “the economic way of thinking” in the context of public policy
Use the utility maximization theory and 2-D model to understand consumer behavior
Describe how markets operate and identify welfare outcomes for consumers and firms

Methods of Assessment: Quizzes (20%), Homework, combined (10%), Economic Brief (20%), Blog (20%), Presentation (5%) Final exam (25%)
Location: East Baltimore
Class Times:
  • Monday 3:30 - 6:20
Enrollment Minimum: 10
Enrollment Maximum: 30
Enrollment Restriction: undergraduates are not permitted in this course;
Instructor Consent: Consent required for all students

due to enrollment cap, all students must have permission to register

For consent, contact: cborkosk@jhsph.edu
Auditors Allowed: No
Grading Restriction: Letter Grade or Pass/Fail