Economics of Public Policy

Lectures

Week 1

1. Introduction to public policy Definition, nature and types, linkages Video
2. Policy making process agenda setting, policy stages, and disciplinary lenses Video
3. Economics and public policy Video
4. Principles of economics and public policy - I Video
5. Principles of economics and public policy - II Video

Week 2

6. Concepts of economics and its applications to public policy Video
7. Macroeconomic components National output, savings, consumption and investment Video
8. Economic growth and policy Accumulation process and Harrod Domar Model Video
9. Neoclassical economic growth and policy Solow model growth Video
10. Economic Methods, Tools and Techniques in understanding problems and designing public policy Video

Week 3

11. Utility, Choice and Equilibrium Video
12. Budget and Resource Constraint Video
13. Public Policy as a “Commodity” Demand, Supply and Equilibrium Video
14. Factors Influencing Demand and Supply and Types of Goods Video
15. Price Effects, Income Effects and Substitution Effects Video

Week 4

16. Production and Producer's Behaviour in Public Policy Video
17. Importance of Cost and Supply Function Video
18. Price Elasticity: Demand and Supply Video
19. Social Efficiency: Consumer Surplus and Producer Surplus Video
20. Social Efficiency: Market Failure and Deadweight Loss Video

Week 5

21. Pareto Efficiency and Economic Efficiency Video
22. Market Structure Perfect Competition and Monopoly Video
23. Pricing Strategy and Measuring Market Power Video
24. Market Failure and Role of Government Video
25. Types of Good Public, Private, Club and Common Resources Video

Week 6

26. Externality Theory: Economics of Negative Externalities Video
27. Economics of Positive Externalities Video
28. Addressing Externality: Coase Theorem Video
29. Coasian Solution and Problems Video
30. Public Sector Solution: Corrective Taxation and Subsidies Video

Week 7

31. Price and Quantity Approaches to Address Externalities Video
32. Market for Pollution Reduction and Efficient Control of Pollution Video
33. Costs and Benefits with Uncertainty Video
34. Role of Government in Practice Video
35. Social Welfare and Measuring Future Cost and Benefits Video

Week 8

36. Trade off Between Efficiency and Equity, and Social Choice Video
37. Role of Government in Production, Natural Monopolies and Government Failure Video
38. Public Choice Video
39. Individual Choice, Preferred Level of Government Expenditure, and Utility Video
40. Majority Voting, Arrow’s Impossibility Theorem and Median Voter Theorem Video

Week 9

41. Uncertainty and Expected Utility Video
42. Choice, Uncertainty, and Risk Aversion Video
43. Risk Loving, Risk Neutral and Marginal Utility Video
44. Risky Assets and Trade off between Risk and Return Video
45. Role of Information Adverse Selection, Market for Lemon Principles and Moral Hazard Video

Week 10

46. Macroeconomic Aggregate Demand, Multiplier and Equilibrium Output Video
47. Government Expenditure, Balanced Budget Multiplier Video
48. Budget, Policy and Crowding-out Video
49. Fiscal Market and Fiscal Policy Video
50. Money Market, Monetary Policy and Its Interaction with Fiscal Policy Video

Week 11

51. Taxation Structure, Types and Characteristics Video
52. Economic Impacts of Taxation and Tax Rates Video
53. Economic Effects of Taxation Video
54. Taxation, Equity and Fairness Video
55. Tax Incidence and Effects of Elasticity Video

Week 12

56. Tax Incidence Under Imperfect Competition Video
57. Tax, Price Level and Tax Incidence Under General Equilibrium Video
58. Tax, Economic Efficiency, Elasticity and Economic Burden Video
59. Optimal Taxation Ramsey's Taxation Video
60. Taxation in Practice Video