PPAD 716 Public Policy Economics
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The PPAD 716 Public Policy Economics course aims to introduce students to a set of practical microeconomic models that can be used to learn and analyze important policy issues. Students will be shown how to use these models as design tools to predict the impact of public policy and evaluate public policy. This course-specific model will include consumer theory, production theory, cost theory, and economic organization theory. The discussion of policy analysis and evaluation will draw on the theoretical methods of welfare economics.
Upon completion of the PPAD 716 Public Policy Economics course, participants will understand:
- The importance of definitions and ethics in the formulation of policy issues and public debate.
- Restrictions of the state and the market in collective action.
- There will inevitably be many trade-offs and choices in economic policy.
By the end of the PPAD 716 Public Policy Economics course, students will have to acquire the following skills:
- Rigorously evaluate data, evidence and policy arguments.
- Contribute your own input to the discussion using more evidence.
- Link policy choices to social welfare or moral goals.
- Link economic trade-offs to policy choices and implementation issues.
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