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Course Catalog


Term: 2nd term
Credits: 3 credits
Contact: Judy Holzer
Academic Year: 2012 - 2013
Course Instructor:

Introduces the basic principles of microeconomics by emphasizing applications to the solutions of public problems. Students examine how markets operate and the role of government intervention. Acquaints students with public versus private goods, externalities, information asymmetry and other issues. Provides a theoretical framework for addressing policy problems.

Learning Objective(s):
After completing this course, you should be able to:
Define the terminology of microeconomics
Identify the basic tools in microeconomic analysis;
Apply the economic way of thinking to policy problems;
Explain how markets operate and identify welfare outcomes for consumers and firms;
Assess the different types of government intervention using the tools of supply and demand
Develop creative and critical thinking skills by applying economic concepts to real world problems; and
Communicate economic analysis in verbal, written and mathematical formats.

Methods of Assessment: Homework (15%); individual written essay (20%); group presentation (20% each) and final exam (25%)
Location: East Baltimore
Final grade applies to all terms
Enrollment Minimum: 10
Enrollment Maximum: 30
Enrollment Restriction: undergraduates are not permitted in this course;
Instructor Consent: Consent required for some students

students enrolled in programs other than the MPP must obtain permission of department prior to registering for this course

For consent, contact:


Auditors Allowed: No
Grading Restriction: Letter Grade or Pass/Fail
Special Comments: This course will be taught on the Homewood Campus.