Economic analysis is widely used in various public policy fields such as environmental policy, social welfare, and labor market analysis. Economic principles of consumer and producer theory, social welfare economics, public goods and externalities, market failure, market structure, production theory, and fiscal policy offer many insights into use of economics to derive solutions for public policy problems. This course will provide students with an understanding of how economic theory can be used to assess the desirability of government interventions, their justification, and implications for efficiency and fairness, using specific policy areas as examples.
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