Intro to Economics for Pub Pol

3 Credits · Level: Undergraduate

As part of the core sequence within the Joint Program in Public Policy at Georgetown University, this course will offer a rigorous development of foundational concepts in microeconomics. We will consider the tools of microeconomic theory used to model individual consumer behavior and the behavior of firms. This includes an examination of markets and how supply and demand interact to determine prices, the implications of market failure, and the role of government in a market economy. After completing this course successfully, students will understand microeconomic principles and their applicability to real world problems involving consumers and producers. Students should be able to use microeconomic theory as a framework for evaluating a range of policy questions and issues including, but not limited to, tax policies, transfer program policies, and labor market policies.