3.0

Average Course Rating

Introduces policy students to the theories, concepts, terminology and tools of microeconomics as it relates to the examination and analysis of public policies. Introduces vocabulary, which describes decision-making behavior of people, households, firms and governments. Describes theories of supply and demand, elasticity, utility-maximization and other concepts for examination and better understand public policy issues. Prepares students with an understanding of economic terminology and theories, which will allow them to use economic tools to examine decision-making and apply the concepts, terminology and tools to various policies and problems.