PS 625Economics and Public Policy I

This course teaches students fundamental principles of microeconomics with an emphasis on cost-benefit analysis. Topics covered may include demand and supply, pareto-efficiency, surplus and deadweight loss, discounting, time-stream evaluation and investment criteria, the measurement of welfare change, shadow prices, and the valuation of intangibles. In order to ensure policy relevance, Treasury Board of Canada guidelines are used as a template for cost-benefit analysis techniques.