Please note that course schedules may be amended due to low enrollment, faculty availability, and/or other factors.
MPPA 404-DL : Microeconomics for Policy and Administration
Description
Economics is about choice, and microeconomics is the study of
resource allocation choices, beginning with how consumers and
producers make choices. This course is aimed at developing student
understanding of microeconomic theory, especially as it concerns
the relationship between the market economy and public policy.
Topics include consumer behavior and the theory of demand;
production, cost, supply functions; choices under uncertainty,
insurance; competitive equilibrium; subsidies, taxes, price
controls; monopoly and monopsony; price discrimination and public
utility pricing; monopolistic competition; general equilibrium
theory and welfare economics; information theory; and public goods,
externalities and market failure.
Counts toward all MPPA specializations as an elective for
on-campus students admitted prior to fall 2012.
