Economic Analysis of Public Sectors

Korea University

Course Description

  • Course Name

    Economic Analysis of Public Sectors

  • Host University

    Korea University

  • Location

    Seoul, South Korea

  • Area of Study

    Economics, Political Science

  • Language Level

    Taught In English

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    Course Outline
    In modern economic theory, the market is a shrine for all neoclassical economists. Public sector can be defined as a unique area where the market does not function properly as a resource allocation mechanism. An alternative mechanism that arises in the absence of the effective market function is the government. This course examines the economic rationales of government interventions in the market. This course covers the theory of consumer choice, the theory of the firm, and the concept of equilibrium. The course will also include applications of economics to public policy issues.

    Course Objective
    The objectives of the course are 1) to introduce students to fundamental principles of microeconomics and public sector economics; 2) to train students to apply economic theories to problems in the public sector.

    Recommended pre-requisite, Level(qualification)
    Microeconomics is recommended before taking this course but is not required.

    Textbook, Material
    -Jonathan Gruber. 2012. Public Finance and Public Policy. 4th ed. Worth Publishers (Required)
    Previous editions will be okay. However, you are responsible to find the right chapters in the syllabus.
    -Walter Nicholson. 2004. Intermediate Microeconomics and Its Application. 9th ed. Thomson (Recommended)
    -Charles Wheelan. 2010. Naked Economics: Undressing the Dismal Science (Fully Revised and Updated). Norton. (Required)

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.