Richard Davies

This course is compulsory on the Master of Public Policy. This course is not available as an outside option to students on other programmes. This course uses controlled access as part of the course selection process. For information on controlled access courses, including eligibility, application processes, deadlines, and departmental contact details, please refer to the Controlled Access Courses webpage.

Compulsory course for MPP students. Course not available as an outside option.

MPP students should select the course by 12 noon on the Friday before the start of Autumn Term.

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.

10 hours of help session, 22 hours of lectures and 13.5 hours of seminars in the Winter Term.
1.5 hours of seminars in the Spring Term.

Students will be expected to produce 4 problem sets in the WT.

Students will be expected to submit a policy memo in WT on which they will receive formative feedback.

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

The Economy 2.0 – microeconomics. Open-Access available here: https://www.core-econ.org/

Moss, David A. A Concise Guide to Macroeconomics.

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

Davies, Richard (2020), Extreme Economies, Penguin.

A full reading list will be provided at the start of the course.

Exam (40%), duration: 120 Minutes, reading time: 10 minutes in the Spring exam period.

Continuous assessment (10%).

Memo (50%).

This component of assessment includes an element of group work.