14.03 Microeconomic Theory and Public Policy
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.
This class has 14.01 as a prerequisite.
Lecture occurs 9:00 AM to 10:30 AM on Mondays and Wednesdays in E52-164.
This class counts for a total of 12 credits. This class counts as a HASS S.
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