Courses @ UNIRAZAK

This course deals with the application of microeconomic analysis to public policy problems. Course is designed for students with a limited background in economics. The principal goal of the course is to teach students how to use basic economic reasoning to help untangle complex policy problems. Lectures and problem sets on microeconomic tools are combined with discussions and written assignments that apply these tools to public policy. The topics covered include supply and demand, household and firm behavior, market equilibrium, pollution and congestion, and benefit cost analysis.

• Describe the importance of opportunity cost in decision making.
• Use and interpret economic data and statistics effectively.
• Evaluate the impact of monetary and fiscal policies on macroeconomic variables.
• Relate the relevance of microeconomic theory to a number of practical issues of policy.