Extend the knowledge gained from Applied Microeconomics A to cover a range of different microeconomics problems. Gain a practical knowledge and understanding of market failures and government policies/interventions in various socio-economic realms.
You will also learn about the main concepts and principles of public policy analysis.
You’ll learn to:
- Critically evaluate the income inequality and recognise the role of public policies
- Evaluate how market equilibrium is formed and the welfare characteristic of such equilibrium with market failures such as externalities, public goods, asymmetric information
- Understand how microeconomic theory can be applied to a variety of practical settings (environmental economics, public economics, etc…)