The main prupose is to give students insight into how key economic questions can be studied using theory.¨
Key topics are (i) Market failure and issues related to environmental externalities; (ii) Public sector’s role; (iii) Effects of international trade; (iv) The Oil sectors’ effect on industry composition; and (v) Economic growth and inequality.
- Imperfect information
- Environmental economics
- Tax and subsidy
- Public sector
- Welfare effects of international trade
- Effects of tolls
- Comparative advantage
- Effects of spending out of natural resource revenue
- Growth and standards of living
- Economic inequality
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