The goal of this course is to introduce students to basic economic concepts and methods relevant to public management and policy. On that basis, it aims to deepen students’ understanding of microeconomic principles and their application to managerial decision‑making in the public and private sectors. Building on foundational knowledge of microeconomics, the course applies economic reasoning and analytical methods to issues relevant to public management and policy. Upon completion of the course, students will be able to apply microeconomic models and quantitative tools to evaluate and analyze managerial and policy decisions.

CILO-1: Identify and understand basic economic concepts and methods as well as justifications of government interventions. CILO-2: Analyze the effects of government policies and management decisions on market equilibrium and social welfare. CILO-3: Evaluate government policy options and management strategies by using the theories of consumer and producer behavior. CILO-4: Communicate effectively the application of economic concepts to real world events.