Additional course description from the syllabus
The textbook for this course is Microeconomics, Seventh Edition, by Robert S. Pindyck and Daniel L. Rubinfeld (Prentice-Hall, 2009). Be aware, however, that the course is only loosely linked to this book and you are encouraged to use other textbooks if this one does not meet your needs. Many other standard microeconomic textbooks (as well as older editions of Pindyck and Rubinfeld) cover the same material. Students are encouraged to peruse through other textbooks to see if the material is covered or explained in ways that is more to their liking (use the index to the book if you are looking for a particular concept). Some of these alternative textbooks (on reserve at the HKS Library) are:
Microeconomic Theory and Applications (Harper Collins).
E. and J. Browning,
S. E. Landsburg, Price Theory and Applications (Dryden Press).
E. Mansfield, Microeconomics: Theory and Applications (Norton).
Nicholson, Intermediate Microeconomics and Its Applications (Dryden Press).
P. Trivedi, Applied Microeconomics for Public Policy Makers (International Management Publishers).
H. Varian, Intermediate Microeconomics: A Modern Approach (Norton).
Some books provide a more engaging description of the economic way of thinking. Students might wish to complement the textbook and classroom presentations by looking at this material. These books include:
David Friedman, Hidden Order: The Economics of Everyday Life (Harper, 1996).
Charles Wheelan, Naked Economics: Undressing the Dismal Science (Norton, 2003).
Steven D. Levitt and Stephen J. Dubner, Freakonomics (Morrow, 2005).
Commentary by the Atlas editors: The class titles provide an excellent list of teaching topics for the Economic Analysis for Public Management subject:
The basics of supply and demand. Market equilibrium
Determinants of supply and demand. Elasticities
Supply and demand in action
Policy application: Minimum wages and rent control
Indifference curves; budget lines; optimality conditions
The law of demand; income and substitution effects; market demand
Policy applications: Vouchers versus subsidies
Policy applications: Taxes, lump sum transfers, kinked budget lines, intertemporal choice
Profit maximization and competitive supply
Perfect competition and efficiency; consumer surplus and producer surplus
Price supports, production quotas
Taxes, subsidies, price controls revisited
Price descrimination and regulation
Oligopoly; Cournot model
Prisoner's dilemma; basics of game theory
Asymmetric infomation: lemons and signaling
Applications of externalities; polution control
Public goods and commons problems
Page created by: Ian Clark, last updated 22 February 2013. The content presented on this page, except in the Commentary, is drawn directly from the source(s) cited above, and consists of direct quotations or close paraphrases.