Objectives: The course introduces key concepts of economics - supply, demand and the idea of market equilibrium - in an intuitive and non-technical manner. The course moves beyond the notion of efficient market outcomes and discusses the role for governmental interventions in case of market failure. The course also introduces empirical (quasi-experimental evaluation approaches) as well as theoretical methods (game theory) that are key in applied microeconomics. Overall, participants will gain a thorough yet passive understanding of professional economists' way of thinking and a concise overview of key topics and insights from applied microeconomics.
Methods: The sessions will be a combination of lectures, policy discussions, and discussions of group work.
No background in economics or mathematics is necessary.
Instructor
- Christian Traxler , Professor of Economics