The course trains students to use concepts from microeconomic theory to analyze public policy issues. As an introductory course it equips students to use economic reasoning for critically thinking through the policy making process besides everyday decisions. We will cover modules on consumer theory and game theory to understand behavior, market equilibrium and dynamics, including introduction to market failures, externalities and public goods. The primary goal of the course is to enable students to apply principles of economics to complex policy questions, analyze market scenarios and the distributional and efficiency aspects of government intervention. We will include case-studies and policy labs to supplement class lectures.
There are no prerequisites as this is a mandatory course.