Browse Hierarchy ECOM182: Microeconomics for Policy

The module aims to build on undergraduate economic theory in order to develop the skills of microeconomic modelling and analysis, and the principles of welfare economics used in policy analysis. The module will carefully introduce and examine the relevant concepts and tools of microeconomics, including the fundamental principles of individual and collective decision making, the rigorous concepts of preferences, technology, and endowments, the functioning of competitive markets and the main sources of market failures, efficiency and equity, and information economics. The module will then proceed to use the fundamental notions of microeconomics to construct and apply microeconomic models to a variety of policy questions -- ranging from environmental issues, inequality, education, and public finance to competition, industrial organisation and health economics.