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Microeconomics, Behavior and Public Policy
Course Description

Mandatory for MAPP, MAIPA, MPA and Mundus MAPP 1st year students at DPP

DPP only course

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 policymaking process besides everyday decisions. We will cover modules on consumer theory and game theory to understand behavior, market equilibrium and dynamics, including an 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 (free-riding)• Exposure to some contemporary topics in public economics (market failures, externalities)
Assessment
Assignments - 2 - 30%Discussion forum participation - 7 - 10 %Case study - 1 - 10%Cumulative final exam 1 -  50 %
Prerequisites

none

Course Level
Master’s
Academic Year
2023-2024
Term
Fall
US Credits
2
ECTS Credits
4
Course Code
DOPP5664