Markets and Public Policy

3 credits · Graduate Programs

Examines the working of the aggregate economy and uses concepts from micro-economic theory to allow for informed discussion of complex public policy problems. Topics include contrasting macroeconomics and microeconomics; gross domestic product; economic growth and business cycles; unemployment; monetary policy and inflation; welfare and efficiency; government interventions in markets; externalities; public goods; labour markets and wages; inequality and redistribution; and uncertainty. Antirequisite(s): Credit for Public Policy 608 and either 602 or 605 will not be allowed.