This course proposes an introduction to the tools and methods of advanced microeconomic theory used in the design and evaluation of public policies. This course is targeted towards students who wish to acquire the basic analytical tools to analyze public policies, choose among different policy options, and evaluate
the effect of public policies. It builds on traditional microeconomic analysis, and extends it into three directions: the measure of the effects of public policies, welfare economics and mechanism and market design. The course will be divided between lectures and exercices and case studies.

Course outline:

Measure of the effects of public policies
- Advanced demand theory
- Compensation and surplus
- Contingent evaluation

Welfare Economics
- Preference aggregation
- Welfare measures
- Equality and efficiency measures

Informational asymmetries and mechanism design
- Mecanism design theory
- Clarke-Groves-Vickers mechanisms for the provision of public goods
- Market design

References:
-A. Mas-Colell, J. Green et M. Whinston Microeconomic Theory, Oxford University Press, 1995.
-A. Feldman R. Serrano Welfare Economics and Social Choice Theory, Springer 2005.
-J.J. Laffont, D. Martimort The Theory of Incentives: The Principal Agent Model, Princeton University Press, 2001.

Course taught in English

Dernière mise à jour : vendredi 21 octobre 2011