Dr Ethan Ilzetzki

This course is compulsory on the Master of Public Policy. This course is not available as an outside option.

This is graduate level course for mid-career policy-makers to develop their knowledge and understanding of key principles of economics as applicable to policy-making. The emphasis is on developing an understanding of analytical frameworks and models that can be applied to a wide variety of contexts. Both micro- and macro-economics will be covered, including price theory, understanding markets, externalities, public goods, inequality, economic growth, inflation, business cycles, unemployment, and fiscal and monetary policies.

This course is delivered through a combination of lectures and seminars totalling a minimum of 30 hours across Lent Term.  

Students will be expected to produce 10 problem sets in the LT.

There will be weekly formative course work to give students the opportunity to develop fluency with the tools covered in the course.

Mankiw, N. Gregory and Mark Taylor (2017) Economics, 4th Edition, Cengage Learning EMEA.

Moss, David A. A Concise Guide to Macroeconomics.

Reinventing the Bazaar: A Natural History of Markets - McMillan, John 2002

The undercover economist strikes back: how to run or ruin an economy - Tim Harford 2013

The given texts are preparatory reading only. A full reading list will be provided at the start of the course.

Exam (60%, duration: 2 hours) in the summer exam period.
Memo (30%) and problem sets (10%) in the LT.