PP5701



Economic Applications for Public Organizations

The main objective of this module is to describe how basic concepts in economics are applicable at different levels in public administration. The module commences with a presentation of the basic concepts and then illustrates the applicability and relevance of these concepts to decision making by recourse to a set of case studies as well as widely cited examples in public administration. Topics covered include: Markets and Pareto Efficiency; Markets and Property Rights; Market Failure; Natural Monopolies; Strategic Outcomes.

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