Economic Analysis for Public Policy II

Campus: 
Budapest
Academic Year: 
2018-2019
Term: 
Winter
Credits: 
2.0
ECTS Credits: 
4.0
Course Description: 

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

The course introduces students to foundational concepts in macroeconomics and builds on the 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. We will cover modules on macroeconomics, game theory, and applications of microeconomic theory such as market failures, exter- nalities and the environment. The primary goals of the course are 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. 

Learning Outcomes: 

Students will be able to:
Use foundational concepts in macroeconomics (inflation, unemployment, interest rates and GDP)
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) 

Assessment: 

Pop-quizzes  (ongoing)  10%

Assignments (2) 10%

Case study  (1) 10%

Policy lab (1) 20%

Cumulative final exam (50%)

 

Prerequisites: 

N/A