The module shows microeconomic analysis at work in a number of areas of policy concern, and develops simple models that help us both to understand central problems of microeconomic policy analysis and evaluate alternative policy options.
Pre-requisite for ECON3007
One of the pre-requisites for ECON3004
Pre-requisites: ECON1007 AND (ECON1001 OR ECON1003) AND (ECON1005 OR ECON1008)
Aims and Objectives
Having successfully completed this module you will be able to:
- Analyse microeconomic policy issues involving a variety of market failures and develop policy proposals that reflect that analysis
- Evaluate alternative policy proposals from an economic perspective
- Build and use simple economic models that capture the basic issues involved in microeconomic policy analysis
This module builds on the introductory microeconomic analysis of markets by focusing on the idea of market failure and a range of arguments for microeconomic policy interventions. It introduces the analysis of uncertainty and the role of information and applies the analysis of market failure in a variety of policy contexts.
Learning and Teaching
Teaching and learning methods
|Total study time||150|
Resources & Reading list
Hindriks, Jean, and Gareth D. Myles (2013). Intermediate Public Economics. MIT Press.
Stiglitz, Joseph E., and Jay K. Rosengard (2015 ). Economics of the Public Sector: Fourth international student edition. WW Norton & Company.
The module will be assessed by a take-home Final Assignment, Tutorial Classes participation and an assigned Team Project.
This is how we’ll formally assess what you have learned in this module.
This is how we’ll assess you if you don’t meet the criteria to pass this module.
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Repeat type: Internal & External