APPLIED MICROECONOMICS FOR POLICYMAKING I Syllabus
Course Learning Objectives
Upon successfully completing this course, students will be able to:
- Explain the key terminology and concepts of microeconomics
- Describe the basic tools used in microeconomic analysis
- Utilize supply and demand models to evaluate different pricing policies including taxes, price ceilings and price floors
- Discuss the role of “the economic way of thinking” in the context of public policy
- Use the utility maximization theory and 2-D model to understand consumer behavior
- Describe how markets operate and identify welfare outcomes for consumers and firms
Course DescriptionIntroduces policy students to the theories, concepts, terminology and tools of microeconomics as it relates to the examination and analysis of public policies. Students gain new vocabulary to describe decision-making behavior of people, households, firms and governments. Students learn and apply theories of supply and demand, elasticity, utility-maximization and other concepts to examine and better understand public policy issues. Students finish the course with an understanding of economic terminology and theories, will be able to use economic tools to examine decision-making and apply the concepts, terminology and tools to various policies and problems.
Intended AudienceHPM students in the MPP, MHS/economics and MSPH/health policy programs
Methods of AssessmentQuizzes (20%), Homework, combined (10%), Economic Brief (20%), Blog (20%), Presentation (5%) Final exam (25%)
Microeconomics, Paul Krugman and Robin Wells (3rd Edition) - this will be our primary text
Microeconomics in context, Goodwin, Nelson, Ackerman and Weisskopf (2nd Edition) - to save some money you might consider an e-version of this text
Optional - Naked Economics, Charles Wheelan (available in paperback and for the Kindle and other e-readers)
Please see the course Session for a full list of dates and items for this course.
Academic Ethics Code
Students enrolled in the Bloomberg School of Public Health of The Johns Hopkins University assume an obligation to conduct themselves in a manner appropriate to the University's mission as an institution of higher education. A student is obligated to refrain from acts which he or she knows, or under the circumstances has reason to know, impair the academic integrity of the University. Violations of academic integrity include, but are not limited to: cheating; plagiarism; knowingly furnishing false information to any agent of the University for inclusion in the academic record; violation of the rights and welfare of animal or human subjects in research; and misconduct as a member of either School or University committees or recognized groups or organizations.
Disability Support ServicesIf you are a student with a documented disability who requires an academic accommodation, please contact Betty H. Addison in the Office of Student Life Services: firstname.lastname@example.org, 410-955-3034, or 2017 E. Monument Street.