Applied Microeconomics

Introduction

The main objective of this course is to provide students with insight into how key economic issues can be elucidated using microeconomic theory.

Students will develop an understanding of why we have a public sector and how public interventions, including direct and indirect regulations, affect the actors in economic life. Students will gain insight into the purpose of, and the elements of, cost-benefit analyzes. They also gain insight into the benefits of international trade and how the use of oil money can affect the business structure.

Course content

• Efficiency
• Taxes and subsidies
• Inequalities
• Market failure (externalities, public goods, imperfect competition, natural monopoly and imperfect information).
• Public sector, some facts
• Government failure
• Taxation
• Cost-benefit analysis
• Environmental Economics
• Industrial organization
• International trade
• The financial crises