Prof Richard Davies

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.

This course is delivered through a combination of lectures and seminars totalling a minimum of 35.5 hours across Winter 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: 2 hours, reading time: 10 minutes) in the spring exam period.
Memo (50%) and continuous assessment (10%) in the WT.