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ECONOMIC POLICY ANALYSIS
COURSE CATALOG DESCRIPTION:
The role of economic analysis in the design, evaluation, and implementation of economic policy. The principles, practices and applications of applied welfare analysis. The basic theory of benefit- cost analysis (BCA) and its implementation. A framework of social welfare analysis to a variety of public policy questions such as health policy, the design of unemployment insurance and regulatory policies.
The core learning objectives for the course are to provide final year students with the opportunity to explore the way in which economic theory and evidence can be used to analyze economic policy issues, to introduce application of economic theory, projects and programs for development and their funding and to introduce principles of cost-benefit analyzing of a project.
The purpose of this course is to examine the role of economics in evaluating public policies, projects and regulations. This course is designed to equip the students with the skills needed to interpret and advise on basic cost-benefit analysis and to enhance their ability to analyze policy problems, find creative solutions, and implement policies and programs effectively. This course aims to improve students’ analytical and intellectual skills through the study of Cost Benefit Analysis; presents approaches to deal with time, uncertainty, intangibles, and issues of equity.