Microeconomic Theory and Public Policy

Are you curious about how economic principles shape the policies that affect our daily lives? This course provides a clear, text-based exploration of microeconomic theory and its practical application to public policy. You will gain a solid understanding of how economic models explain consumer choices, market dynamics, and the reasons behind market failures. Through practical examples, you will learn to evaluate the real-world effects of policy interventions on economic outcomes. What you'll learn: - Understand foundational microeconomic models of consumer and firm behavior. - Analyze the structure and outcomes of single and multiple markets. - Identify and evaluate common market failures and their implications. - Apply economic reasoning to analyze the impact of public policies. - Explore empirical evidence to assess the effectiveness of policy interventions. - Grasp the economic principles behind topics like minimum wages, consumer welfare programs, and international trade. This course begins with core economic concepts and builds towards complex policy analysis, suitable for anyone beginning their study of economics or public policy. This program is designed for beginners with no prior economic knowledge required. Start your journey into understanding economic policy today.