This course provides the framework and tools necessary for integrating economics in administrative decision making processes. The first part of the course provides a systematic analysis of the interaction of household and firm decisions in product and resource markets and the role and consequences of government intervention in market processes. The second prepares students to think systematically about macroeconomic policy so as to be able to evaluate the economic environment within which individual, firm and government decisions are made. To this end, it provides a systematic framework for understanding the operation and impact of government policy in relatively closed and open economies. Not open to students who have already satisfied the economics prerequisites.

McConnell, Campbell R. and Stanley L. Brue, ECONOMICS - Principles, Problems and Policies, 14th Edition, Irwin/McGraw-Hill, Inc, 1999.

Attendance is expected at each class. Participants should be fully prepared to discuss the assigned readings. Participation in class discussions is mandatory, not voluntary. Criteria for computing the students' course grades will be as follows:

Grade Breakdown

Grades will be assigned according to following:

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