SDG Detail

POLICY 702 : Economics of Policy

Postgraduate course

Project description

The course teaches the key economic concepts and shows how economic reasoning and analysis applies to current policy problems. It covers the roles of different agents in the economy, rationales for government intervention in the market economy, the impact of government taxing and spending activities on economic efficiency and wealth distribution, and contemporary policy issues in New Zealand.

Year 2022

Location New Zealand

Organization University of Auckland

Project aims

Project outcome

By the end of this course, students will be able to: Use concepts and techniques of economics to analyse and solve policy problems (Capability 1.1, 1.2, 1.3, 2.1, 4.2 and 5.1) Appreciate the strengths and weaknesses of the economic framework as it applies to collective decision making (Capability 1.2, 1.3, 2.3 and 3.1) Distinguish between normative and positive economics (Capability 5.1, 6.1 and 6.2) Identify the sources of market failure, and the potential ways in which governments respond to these (Capability 1.1, 1.3, 2.3 and 3.1) Understand and analyse the structure of the macroeconomic system and macroeconomic policy outcomes (Capability 1.1, 2.2, 3.1 and 6.3)