POL 112 Markets, Policy and Administration
The analysis of contemporary challenges calls for a theoretically informed and multi-disciplinary approach. This course introduces students to the key concepts related to allocating tangible and intangible resources under conditions of scarcity, and producing public or commercial goods and services. In doing so, the course draws on political, managerial, game-theoretical and economic frameworks and encourages students to apply them to a broad range of cases. The objectives include enabling students to understand and analyze policy-making, the functioning of markets and their social and political implications, as well as the management of public and private institutions. Specific topics covered include (but are not limited to) modes of decision-making, rational behavior, supply and demand, competitive dynamics, welfare, externalities and public goods, consumer choice, and basic monetary and fiscal policy.
While special emphasis will be placed on the analysis of political and managerial challenges, the course is relevant to students of other disciplines.