syll_micro - PADP 6950: Foundations of Policy Analysis...

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PADP 6950: Foundations of Policy Analysis Professor: Angela Fertig University of Georgia Office: Baldwin Hall Room 203D Public Administration and Policy Email: afertig@uga.edu Fall 2011 Class Website: http://hogwarts.spia.uga.edu/ afertig/foundations.html Classes: Wednesdays, 3:35-6:35pm, MLC 251 Office Hours: Fridays 10am-noon, or by appointment Description This is a course in microeconomic analysis that provides broad exposure to the fundamental economic tools of policy analysis. While competitive markets are often efficient, there are many barriers to perfectly functioning markets that lead to the need for public policy. Ultimately, the goal of the course is to lead students to appreciate the economic method of thought – assuming rational agents respond predictably to incentives in order to allocate the scarce resources at their disposal as seems “best” to them – and how this method can be a widely useful tool for assessing the need for, and likely impact of, public policy. By the end of the course, student should understand: Fundamental economic ideas of scarcity, opportunity cost, and rationality Utility and consumer surplus Production functions, marginal costs, supply functions and producer surplus
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syll_micro - PADP 6950: Foundations of Policy Analysis...

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