Lecture 1. Introduction Microeconomics and Public Policy
Huynh The Du
Readings:
1. Mankiw, Ch.1
2. PR, Ch. 1
PS1 distributed
Lecture 2. Introduction
Important Principles of Microeconomics
Huynh The Du
Readings:
1. Mankiw, Ch.1
2. PR, Ch. 1
No Class
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.
