Home Specialist skills Policy Economics for Non-Economists: Intermediate Microeconomics
Economics for Non-Economists: Intermediate Microeconomics
-
Develop a deeper understanding of microeconomic principles and be able to explain the core economic principles of individual markets and articulate how these apply to policy areas.
-
Develop the ability to analyse market structure sectors, determining the extent of competition and market failure.
-
Enhance capacity to collaborate effectively with peers and stakeholders to address complex policy issues.
-
Apply microeconomic principles to two policy areas, education and housing, allowing identification of current economic challenges and potential solutions.
-
Examine the role of information in market failure, with a focus on the role of information asymmetry in insurance and labour markets.
-
Apply core principles of supply and demand to labour markets, developing an understanding of the outcome of policies, including taxation and minimum wages.
Overview
Off the shelf (OTS)
This two-day course builds on the microeconomic content of Economics for non-economists course, also known as E4NE. Participants will gain deeper insight into some key principles of economics and develop a broader understanding of how they translate into government policy.
The course will cover the following topics:
· Utility theory: consumer surplus; producer surplus; deadweight welfare losses
· Elasticity and tax incidence, including tariffs
· Market structures: perfect competition; monopolistic competition; oligopoly and monopoly
· Labour markets: competitive labour markets; monopoly and monopsony in labour markets; the impact of minimum wage, increasing workers’ rights and Universal Credit
· Asymmetric Information: moral hazard, adverse selection, signalling and screening
· Two applied policy topics: education and housing
Â
Delivery method
Face to face
Course duration
15 hours
Competency level
Working
Delivery method
-
Face to face
Course duration
15 hours
Competency level
-
Working
Spark login – Alpha testing