ECONOMIC APPLICATIONS FOR PUBLIC ORGANIZATIONS
2014/2015, Semester 2
Lee Kuan Yew School of Public Policy (Lee Kuan Yew School Of Public Policy)
Modular Credits: 4
The main objective of this module is to describe how basic concepts in economics are applicable at different levels in public administration. The module commences with a presentation of the basic concepts and then illustrates the applicability and relevance of these concepts to decision making by recourse to a set of case studies as well as widely cited examples in public administration. Topics covered include: Markets and Pareto Efficiency; Markets and Property Rights; Market Failure; Natural Monopolies; Strategic Outcomes.