Public Policy and BusinessPurdue University – Spring 2007Professor: Bob HollandOffice: T 8:30 – 11:30 a.m..Krannert 402F 8:30 – 11:30 a.m.(765) 496-2741 [email protected]In this class we will review a number of ideas that come from economics, concepts and tools you will find valuable in decision making in your professional and personal life. Although the primary emphasis will be on microeconomics (where we consider behavior of individual consumers, firms or markets), we will devote some time to macroeconomic issues, particularly those found in the study of International Finance.From “microeconomics,” concepts we will review include gains to trade, potential efficiency of market allocations of resources, market failures in face of externalities or significant transactions costs, decision making under uncertainty, adverse selection and moral hazard problems, principle-agent problems, and public choice. We will apply these concepts in analysis of
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