Economic Analysis for Public Policy

Campus: 
Budapest
Academic Year: 
2019-2020
Term: 
Fall
Credits: 
4.0
ECTS Credits: 
8.0
Course Description: 

Mandatory for 1st year MPA, One-year MA and Mundus MAPP students

The course trains students to use concepts from microeconomic theory to analyze public policy issues and introduces foundational concepts in macroeconomics. 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.

Learning Outcomes: 

Students will be able to:

  • Apply microeconomic theory to analyze public policy issues (price regulation, rationing)
  • Use the lens of game theory to understand social interactions (market failures, free-riding, externalities)
  • Use foundational concepts in macroeconomics (inflation, unemployment, interest rates and GDP)

 

Assessment: 
  • Pop-quizzes ongoing 10% 
  • Assignments 3 12% 
  • Case study 1 8%
  • Policy lab 1 10%
  • Policy lab 2 10%
  • Cumulative final exam TBA 50 %

 

Prerequisites: 

N/A