Microeconomic Policy

This course applies microeconomic theory to analysis of public policy. Every topic starts with standard competitive models and then studies deviations due to market failures such as externalities, provision of public goods, asymmetric information, market power, etc. Each source of market failure will be examined from a theoretical perspective, followed by policy issues related to environmental policies, natural resources, health insurance, taxation, inequality, discrimination, minimum wages and unions, international trade, financial markets, etc. Using a comparative approach, the course offers many real-world examples of public policies in the U.S. and Canada.