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Course Coordinator Dr Surender Kumar
Course Structure 3 Modules


This course is intended to acquaint students with the ways in which economic analysis bears on public policy issues. Students learn to identify the relevant economic analyses for their strengths and weaknesses in relation to the economic principles involved, and to comprehend and assess what professional economists can contribute to the public sector.

This course covers microeconomic theory with particular emphasis on determining price and output under perfect competition and other forms of market structure; general equilibrium and welfare theory; and the concept of market failure, including public goods, externalities, and imperfect market structure. It is not sufficient simply to learn the principles; the course is intended to learn how and when the principles may be applied to issues of policy. To achieve this, many principles are developed in the context of particular policy issues that we hope are of interest to intended group for their own sake.