Economics

Economics of Public Policy

Module code: L1003
Level 6
15 credits in autumn semester
Teaching method: Lecture, Workshop
Assessment modes: Report, Coursework

This module analyses the impact of public policy on the allocation of resources and the distribution of income in the economy. In this module, you will learn how tosystematicallyuse the tools of microeconomics and empirical analysis to answer questionssuch as: When should the government intervene in the economy? How might the government intervene? What are the effects of those interventions on economic outcomes? What are the possible drawbacks of these interventions?The module will combine theoretical and modern empirical approachesaimed at identifying the causal effects of interest. We will cover topics relevant for the current policy discoursedrawing fromvarious fields in Economics (e.g., public, labour, health, and law and economics)

Module learning outcomes

• Demonstrate a systematic understanding of the principles of public economic theory and howthey relate to economic problems and issues
• Critically appreciate when and how the government should intervene in an economy, and the possible limitationsof such interventions.
• Critically evaluate the effects of policy or other exogenous shocks on economic variables.
• Develop systematic understanding of public policy issues and criticallyevaluaterelated data, evidence and arguments.