Microeconomics and Policy Analysis II
Expand your ability to analyze competitive markets, understand consumer and producer theory, and apply concepts to real-world issues.
Modules/Weeks
Weekly Effort
Format
Cost
Course Description
- Analyze competitive markets by examining buyer-seller behavior, supply-demand dynamics, and government intervention.
- Study consumer and producer theory to make optimal choices, minimize costs, and maximize profits, considering government intervention.
- Apply economic concepts to analyze individual decisions in purchasing, labor supply, and firm operations.
- Solve real-world labor market issues through case studies, applying learned concepts and developing critical thinking and analytical skills.
What You Will Learn
By the end of this course, learners will be able to:
Analyze buyer and seller behavior, comprehend market equilibrium, and evaluate the impact of government regulations and budgetary interventions.
Apply consumer theory, considering budget constraints, preferences, optimal choice, and welfare.
Utilize producer theory to examine a firm's production process, minimize costs, and maximize profits.
Solve labor market challenges using the acquired tools and knowledge, through the analysis of a real-world case study.
Course Outline
Module 1: General Equilibrium and Welfare Economics
Module 2: Monopoly, Part I
Module 3: Monopoly, Part II
Module 4: Oligopoly, Part I
Module 5: Oligopoly, Part II
Module 6: Externalities
Module 7: Externalities and Public Goods
Module 8: Introduction to Uncertainty
Module 9: The Economics of Insurance
Module 10: Moral Hazard
Module 11: Adverse Selection
Module 12: Distribution
Instructors
Paola Valenti is a senior lecturer at Columbia University's School of International and Public Affairs (SIPA). Her specialties are applied microeconomics, applied econometrics, and the economics of antitrust and intellectual property. She holds a Ph.D. in economics from Cornell University and has been teaching at SIPA for 11 years. Valenti is among the recipients of Columbia University’s Presidential Award for Outstanding Teaching.
Please note that there are no instructors or course assistants actively monitoring this course.
Andrea Bubula teaches the core course Economic Analysis for International Affairs. His expertise is in applied open-economy macroeconomics and finance. His research focuses on the choice of the exchange rate regime and nominal anchor across countries and over time. He has also examined the determinants of interest rate differentials in developing countries.
Dr. Bubula has worked at the World Bank, the International Monetary Fund and was a Fellow of International Affairs at Yale University. In 2008 he received the Columbia University Presidential Award for Outstanding Teaching. Dr. Bubula earned his Ph.D. in economics from Columbia University in 2004 and holds a 'Laurea' and 'Dottorato di Ricerca' from Universita' di Roma, La Sapienza.
Please note that there are no instructors or course assistants actively monitoring this course.