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5 credits
Public policymakers often rely on microeconomic and macroeconomic models to formulate new policies and reevaluate existing polices. In this course, students examine the use of such models in the public policy setting and assess how public finance influences policy choices as well as implementation alternatives. Through weekly, analytical writing assignments and peer discussions, students explore tax policies and tax incentive models; budgeting for public/private models; market influences on policy; the impact of government expenditures on income redistribution; and economic considerations of welfare, food stamps, workers' compensation, Social Security, and outsourcing of public programs. Synthesizing course content and applying critical-thinking skills, students assess a local government jurisdiction, examine the decisions of policymakers, and recommend improvements based on economic models.