Écoles, masters et doctorats / Schools, Masters and Doctorates / Enseignements / Teachings
omy ? What structure of government expenditures and taxation will best achieve equity and/or efﬁciency ? What will be the effect of government action on the distribution of income ? Required reading : “Microeconomics” P. Krugman and R. Wells ; “Public Finance and Public Policy” Jonathan Gruber.
We will study public policies aimed at ﬁnding solutions to these essential problems : antitrust policy, tax policy, labor laws. The course will be strongly grounded in practical examples, including case studies and newspaper articles. Required reading : “Interemediate Public Economics” (J. Hindricks and G. Myles).
PUBLIC ECONOMICS - LEVEL 2
Semester : Autumn Number of hours : 36 Language of tuition : English ; French
PUBLIC ECONOMICS LEVEL 3
Semester : Autumn Number of hours : 36 Language of tuition : English
Teachers : Emeric HENRY (Associate Professor, Department of Economics, Sciences Po). Prerequisite : Students will ﬁnd it easier if they have taken a basic course in microeconomics Pedagogical Format : Lecture and tutorials Senior lecturers : Cyprien BATUT (Doctorant), Suzanne BELLUE (Assistante de recherche), Charles LOUIS-SIDOIS (ATER). Course validation : The course will be evaluated on the basis of a ﬁnal exam (50%) and a group project (50%). The group projects (done in groups of 3-4 of members of your TD) will study a market failure in practice and what solutions could be proposed to solve it. Several sessions of the TD will be reserved to help you determine your speciﬁc topic. Course Description : Why does the state need to intervene in markets ? The course starts by reviewing the view of the world under perfect competition, where the invisible hand is at work. In this world, there is no room for intervention. We will then explore various causes of departures from this view, what are called market failures. The ﬁrst category of failures ﬁnds its root in concentrated markets, where ﬁrms have excessive power. To study such environments we will introduce the tools of game theory. The second category is linked to informational problems. We will examine problems of adverse selection and moral hazard, that were of high relevance for instance in the recent ﬁnancial crisis. The third category is linked to the absence of markets (such as the absence, until recently of markets for pollution). This gives rise to what is known as externalities. We will study solutions in these kind of instances.
Teachers : Clément MALGOUYRES (Economiste). Prerequisite : The class will focus on substantive issues and not formalization. However, students should be familiar with solving basic optimization problems (constrained and unconstrained) and have a solid knowledge of intermediate microeconomics. A student should master (or be quickly grasp) the content of textbooks such as : - Walter Nicholson, Microeconomic Theory : Basic Principles and Extensions. - Hal Varian, Intermediate Microeconomics. A basic knowledge of statistics and empirical methods in applied economics is required to make the most out of the readings, although intuitive explanations of relevant empirical ﬁndings will be given in class. A good reference is : Stock, James H. and Mark W. Watson. Introduction to Econometrics. We remind you that this class is compulsory for all EPP stream students who also have to attend the Math Camp that will take place between August 28 and August 31. Pedagogical Format : Lecture and tutorials Senior lecturers : Laura Khoury (doctorante). Course validation : - Final exam (50%). - A group homework (50%) – it will be due around half-way in the class. Workload : To be conﬁrmed by the professor. Pedagogical Method : Lecture (24hrs). Course Description : This class is designed for students wiling to develop their economic pro1667