Market Failures and Policy Interventions

4 credits

Builds on GPCO 410, Microeconomics for Policy and Management. Applies economic reasoning to public issues, policies, and programs with a focus on the logic of when and how policy makers intervene in the market. It considers incentives and organizations; models of economic behavior, including markets, the absence of markets, and interventions; the price system; policy objectives and instruments. Renumbered from IRCO 404. Students may not receive credit for GPCO 404 and IRCO 404. Prerequisites: GPS students only or consent of instructor.