Description
This module is a first year core course that prepares students for the second year optional module, 'Economics of Public Policy'. It is both an introduction to economic way of thinking, as well as a basic microeconomic theory module. It demonstrates how market-level phenomena is built up from individual decisions of economic agents, discusses when market forces work and when they fail. All topics will be covered with a strong policy focus and no advanced mathematics will be used. The module aims to familiarize students with basic concepts and principles of economic thinking, and also to teach students a solid understanding of a basic modelling toolkit to analyse how simple versions of public policies (e.g. taxes, antitrust regulations or insurance policies) may affect economic outcomes. Students will also get a flavour of how microeconomics is used in public policy debates.
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 19th August 2024.
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