APPLIED MICROECONOMICS FOR POLICYMAKING II Syllabus
Course Learning Objectives
Upon successfully completing this course, students will be able to:
- Review market operations and identify welfare outcomes for consumers and firms
- Examine common market failures and generic government responses to these occurrences
- Evaluate different government remedies/interventions for market failures using the tools of supply and demand
- Compare and contrast public and private sectors solutions to different market failures
- Identify relevant costs and benefits of policy outcomes using evaluation criteria
- Develop feasible solutions to various policy problems based on microeconomic analysis of different issues
Course DescriptionBuilds on students’ understanding of the theories, concepts, terminology and tools of microeconomics as it relates to the examination and analysis of public policies. Students explore in more depth, concepts and tools learned in previous economics courses or in 318.603 (Part 1 of this series). Examines common market failures, generic policy solutions for these problems and evaluate the welfare outcomes of different actions (public or private). Students also explore current policy issues using the tools and knowledge gained during this course. Students finish this course with a deeper knowledge of economics and its role in policy analysis. They also gain practical experience evaluating actual policy issues using some of these tools and models.
Intended AudienceHPM students in the MPP and MHS/economics programs
Methods of AssessmentQuizzes (25%) Homework, combined (10%), Economic Analysis Paper (25%), Reaction Essay (15%), Final exam (25%)
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.
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