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318.603.01
Applied Microeconomics for Policymaking

Discontinued

Location:
Online/Virtual
Term:
1st term
Department:
Health Policy and Management
Credits:
3 credits
Academic Year:
2020 - 2021
Class Times:
  • Tu Th,  3:30 - 4:50pm
Auditors Allowed:
Yes, with instructor consent
Grading Restriction:
Letter Grade or Pass/Fail
Course Instructor :
Contact:
Matthew Eisenberg
Resources:
Description:

Introduces policy students to the theories, concepts, terminology and tools of microeconomics as it relates to the examination and analysis of public policies. Introduces vocabulary, which describes decision-making behavior of people, households, firms and governments. Describes theories of supply and demand, elasticity, utility-maximization and other concepts for examination and better understand public policy issues. Prepares students with an understanding of economic terminology and theories, which will allow them to use economic tools to examine decision-making and apply the concepts, terminology and tools to various policies and problems.

Learning Objectives:

Upon successfully completing this course, students will be able to:

  1. Describe the basic tools used in microeconomic analysis
  2. Explain the key terminology and concepts of microeconomics
  3. Utilize supply and demand models to evaluate different pricing policies including taxes, price ceilings and price floors
  4. Discuss the role of “the economic way of thinking” in the context of public policy
  5. Use the utility maximization theory and 2-D model to understand consumer behavior
  6. Describe how markets operate and identify welfare outcomes for consumers and firms
  7. Review market operations and identify welfare outcomes for consumers and firms
  8. Examine common market failures and their application to public problems related to transportation policy (congestion, public transportation access), environmental health (obesity, pollution) and others
  9. Evaluate different government remedies/interventions for market failures using the tools of supply and demand
Methods of Assessment:

Homework (25%), Midterm exam (35%), Final exam (40%)

Enrollment Restriction:

undergraduates are not permitted in this course;

Instructor Consent:

No consent required