PMAP 4061: Introduction to Policy Analysis

Introduction to Policy Analysis. Prerequisites: Econ 2105 and Econ 2106. The purpose of this course is to introduce students to the principles of policy analysis. The course will consider concepts such as market failure, public goods, and externalities, as well as other justifications for government involvement. The course will also consider the relationship between public goals and the design of policy and will survey the use of generic policy tools such as regulation, markets, and subsidies. These concepts will be presented using practical examples involving the public sector, and students will practice application through problem solving.