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Economics for Management and Policy — University of Illinois Chicago

The course is an applied intermediate microeconomics course geared towards professional master degree students in public administration and policy. The course will develop theory not for its own sake, but to provide the tools and understating of economic behavior necessary to address the needs and problems of society. Hence, the focus of the course will be the application and implications of theory to practice. The course assumes no previous study of economics and starts from the basics. An introductory and an intermediate course in microeconomics cover the same topics—the only difference being the formal development of demand and supply in an intermediate course. The more thorough development of the “theory of the consumer” and the “theory of the firm” is needed when looking at such topics as intergovernmental fiscal policy and land markets which are important areas in public administration and public policy.