Introductory Microeconomic Analysis and Policy
Penn State University
What is Economics?
Economics is the study of decision making under scarcity. We'll spend the semester focusing on the role of incentives in society and how that can lead to efficient social outcomes, but also be responsible for inefficiencies in society. Because this is also a policy course, we will spend a section of each week focused on the government's role in the marketplace and measuring their ability to improve or disrupt a market.
My Favorite Quotes
The Wealth of Nations
It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest.
Marginal Revolution University
Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.
An incentive is a bullet, a key: an often tiny object with astonishing power to change a situation.
Meet The Team
Our T/A will be a PhD student in the Economics Department and serve as my administrative assistant. You'll visit the TA only when reviewing your exam.