1. Course Objective This course is intended for those taking Prelims in Philosophy, Politics and Economics, Mods in Modern History and Economics, Prelims in Economics and Management and Part Is in Engineering, Economics and Management or Materials, Economics and Management

Public Finance Defined Public finance is about the taxing and spending activities of the government. Also known as \public sector economics\or \public economics.\ Focus is on microeconomic functions of government- polices that affect overall unemployment or price levels are left for macroeconomics

1. Who am I? Chris Wallace, Lecturer at the Department of Economics, Oxford University and Fellow in Economics at Trinity College. 2. What do I do? Teach economics and research in the field of game theory. 3. Who are you? First year students taking either the Philosophy, Politics and Economics (PPE) degree

The Economics of Public International Law Alan O. Sykes\ Abstract: This paper is a preliminary draft for eventual inclusion in the Handbook of Law and Economics, A. Mitchell Polinsky Steven Shavell editors. It reviews and synthesizes the work of economists and law and economics scholars in the field of public international law. The bulk of that work has been in the area of international trade, but many of the ideas in the trade literature have implications for other subfields

Ten Principles of Economics Thinking Like an Economist Interdependence and the Gains from Trade The Market Forces of Supply and Demand Elasticity and Its Application Supply, Demand and Government Policies Consumers, Producers, and the Efficiency of Markets Application: The Costs of Taxation Application: International Trade Externalities Public Goods and Common Resources The Costs of Production Firms in Competitive Markets Monopoly Oligopoly Monopolistic Competition The Economics of Labor Markets

Overview I. Introduction II. The Economics of Effective Management Identify Goals and Constraints Recognize the Role of Profits Understand Incentives Understand Markets Recognize the Time Value of Money Use Marginal Analysis

Chapter 1 INTRODUCTION 1.1 What does labor economics study? Labor economics studies how labor markets work. Such as labor force participation, the firm's demand for the high-skill workers, wage determination, the human capital investment, the labor mobility, the labor market discrimination, trade Unions and unemployment

Defining the Field-what do you think that economics is? (1) Subject Matter Based Definitions (2)UItra-pragmatic definitions( what economists do) (3)Methodology Based Definitions This much is certain a. Economics pretty much includes all topics related to human society

Welfare economics Need systematic framework to assess the desirability of various government actions. Welfare economics is concerned with the social desirability of alternative economic states. Distinguishes cases when private markets work well from cases where government intervention may be warranted

Chapter 1 Ten Principles of Economics Chapter 2 Thinking Like an Economist Chapter 3 Interdependence and the Gains from Trade Chapter 4 The Market Forces of Supply and Demand Chapter 5 Elasticity and Its Application Chapter 6 Supply, Demand and Government Policies Chapter 7 Consumers, Producers, and the Efficiency of Markets Chapter 8 Application: The Costs of Taxation Chapter 9 Application: International Trade Chapter 10 Externalities Chapter 11 Public Goods and Common Resources Chapter 12 The Design of the Tax System Chapter 13 The Costs of Production Chapter 14 Firms in Competitive Markets Chapter 15 Monopoly Chapter 16 Oligopoly Chapter 17 Monopolistic Competition Chapter 18 The Economics of Labor Markets Chapter 19 Earnings and Discrimination Chapter 20 Income Inequality and Poverty Chapter 21 The Theory of Consumer Choice Chapter 22 Frontiers of Microeconomics