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Date
Time
Activity
Tuesday, 04/10/2011
08:30 - 10:00
Introduction
Microeconomics and Public Policy
Mankiw, Ch.1
PR, Ch. 1
Thursday, 06/10/2011
08:30 - 10:00
Introduction
Important Principles of Microeconomics
Mankiw, Ch.1
PR, Ch. 1
Friday, 07/10/2011
10:15 - 11:45
No Class
PS 1 assigned
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This course aims at providing students with the ability to apply microeconomic concepts, principles, and tools in (i) understanding the nature of economic issues discussed in the public sphere; (ii) applying knowledge of microeconomics to conduct public policy analysis; and (iii) applying fundamental knowledge of microeconomics to other courses in the program.
In addition to basic topics such as supply and demand, market equilibrium, consumer and producer, game theory, etc., the course also discusses important issues in public policy such as efficiency and equity, welfare analysis, and market failures. To some extent, social impacts of public policy are also discussed and compared to the standard economic arguments.
