PUBLPOL Microeconomics (IPS 204A)
Civil Rights/Liberties: General
Business Law: Finance: Capital Markets, Financial Reporting, Corporate Governance
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Microeconomics (IPS 204A)
School of Humanities & Sciences
Recommended for route(s):
[ Academia ] [ Regulatory & Policy ] Civil Rights/Liberties: General
Why it is relevant for ...
[ Academia ] as a Relevant Course outside SLS for those interested in Economics : For those students considering an academic career involving some amount of policy work or policy studies, an understanding of economic analysis is essential. This course provides an introduction to microeconomics, the part of economic analysis most relevant to lawyers.
[ Regulatory & Policy ] as a Relevant Course outside SLS for those interested in Economics : Technical competencies key for policy work include a basic knowledge of microeconomics. Students interested in policy work will need to understand the quantitative and social science methods frequently used in policy studies and know how to be critical of analysis using these methods.
General course Description:
Microeconomic concepts relevant to decision making. Topics include: competitive market clearing, price discrimination; general equilibrium; risk aversion and sharing, capital market theory, Nash equilibrium; welfare analysis; public choice; externalities and public goods; hidden information and market signaling; moral hazard and incentives; auction theory; game theory; oligopoly; reputation and credibility. Prerequisites: ECON 50 and MATH 51 or equiv.
Course Style: A Substantive course teaches the law, theory, and policy in a particular area of law