Microeconomic Policy Analysis A

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Microeconomic Policy Analysis

PBAF 516 A & B — Autumn 2007

| Announcements | Notes | Readings | Assignments |

Section A Syllabus

Section B Syllabus

Announcements

List of Major Topics

Notes

1 Introduction to Economics and the Course

1a First Day Case Example

2 Demand, Supply, and the Operation of Markets

2a Market Dynamics

3 Price Elasticity

4 Consumer Choice Theory

4a Applications of Consumer Choice Theory

5 Production and Costs

6 Short Run Analysis of Competitive Markets

7 Long Run Competitive Adjustment

7a Subsidy and Long Run Competitive Adjustment

8 Monopoly

9 Effects of Monopoly

10 Applications of Monopoly Theory

11 Labor Markets

12 Market / Government Failure

13 Public Goods

14 Externalities

15 Information Asymmetry

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Readings

J. Gruber. Public Finance and Public Policy, Chapter 12 “Social insurance: The new function of government”.

F. Blau and L. Kahn, “The gender pay gap,” The Economists' Voice : June 2007, http://www.bepress.com/cgi/viewcontent.cgi?article=1190&context=ev

E. Glaeser, “Should the government rebuild New Orleans, or just give residents checks?” The Economists' Voice: Vol.2, No. 4, 2005. http://www.bepress.com/ev/vol2/iss4/art4

R. Litan and P. Orszag, “A complicated intersection: Public action to protect private property” The Brookings Review, summer 2002, http://www.brook.edu/press/REVIEW/summer2002/litan.htm

R. Laxminarayan and A. Malani, “Extending the cure: Policy responses to the growing threat of rising antibiotic resistance,” Resources for the Future, http://www.rff.org/rff/Documents/ETC_executivesummary.pdf

T. Lewis, J. Reichman, and A. So. “The case for public funding and public oversight of clinical trials,” The Economists' Voice , Jan 2007, http://www.bepress.com/ev/vol4/iss1/

S. Landsburg, “Property is theft: When protecting your own property is stealing from others” Slate, Aug 2, 1997 http://www.slate.com/id/2041/

E. Steuerle, “Common issues for voucher programs,” chapter 1 in Vouchers and the provision of public services, Steuerle, Ooms, Peterson and Reischauer (eds.), The Brookings Institution, 2000. http://www.brook.edu/pre ss/books/chapter_1/vouchers.pdf

RAND Research Brief, “The costs and benefits of universal preschool in California,” 2005 http://www.rand.org/publications/RB/RB9118/ See http://www.rand.org/pubs/monographs/2005/RAND_MG349.pdf

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Assignments

Problem Set 1

Problem Set 1 - Solutions

Problem Set 2

Problem Set 2 - Solutions

Problem Set 3

Problem Set 3 - Solutions

Problem Set 4

Problem Set 4 - Solutions

Problem Set 5

Problem Set 5 - Solutions

Quizzes/Exams

Practice Midterm (corrected)

Practice Final

Practice Final - Solutions

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