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Searched for: 1 subject found.
14.003 Microeconomic Theory and Public Policy
(, )
(Subject meets with 14.03)
Prereq: 14.01 or permission of instructor
Units: 4-0-8
Lecture: MW9.30-11 (32-141) Recitation: F9 (2-143) or F10 (2-143) +final
Applies microeconomic theory to analysis of public policy. Builds from microeconomic model of consumer behavior; extends to operation of single and multiple markets and analysis of why markets sometimes fail. Empirical examples to evaluate theory, focusing on the casual effects of policy interventions on economic outcomes. Topics include minimum wages and employment, food stamps and consumer welfare, economics of risk and safety regulation, the value of education, and gains from international trade. Graduate students are expected to complete additional assignments.
D. Autor, N. Agarwal
Spring: D. Autor, N. Agarwal
No textbook information available