Essential Microeconomics For Public Policy Analysis / Edition 1

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Overview

John Levy's text presents microeconomic theory for use in analyzing and formulating public policy. It couples a direct and non-intimidating approach to essential theory with a presentation that is sophisticated at the policy level. It does not attempt to cover the entire body of economic theory, but rather presents those elements of theory most relevant to courses in public economics and public policy in such programs as public administration, policy analysis, health planning, environmental management, urban affairs, and urban planning. The text is divided into two parts. The first introduces basic concepts with an emphasis on their philosophical underpinnings and policy uses; the second consists of six essays on policy-related subjects, selected to make use of concepts presented in the first part. Among the unusual features of the book are the discussion of the tax expenditure concept, benefit cost analysis with numerical example, substantial discussions of the origins and philosophical implications of economic man as a behavioral model, and an entire chapter devoted to public choice.

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Editorial Reviews

Booknews
Provides a background in microeconomics for the study of public policy, emphasizing basic economic concepts and their implications for policy. Levy (urban affairs and planning, Virginia Polytechnic Institute and State U.) explains such factors as supply and demand, firms and markets, welfare economics, the role of the government, and benefit-cost analysis; then applies the principles to six situations, including rent controls, selling the right to pollute, the minimum wage, and health-risk analysis. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780275943639
  • Publisher: ABC-CLIO, Incorporated
  • Publication date: 9/5/2000
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 248
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.52 (d)

Meet the Author

JOHN M. LEVY is a Professor in the Urban Affairs and Planning Program at Virginia Polytechnic Institute and State University (Virginia Tech).

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Table of Contents

Figures and Tables
Acknowledgments
Introduction 1
1 Who Is Economic Man and Where Does He Come from? 9
2 Definitions and Axioms 19
3 Supply and Demand 23
4 Firms and Markets 45
5 Welfare Economics 61
6 The Role of Government, Part I 79
7 The Role of Government, Part 2 93
8 Taxes, Grants, and Tax Expenditures 105
9 Benefit-Cost Analysis 135
10 Rent Controls 151
11 Zoning: The Economics of Land Use Regulation 163
12 Selling the Right to Pollute 177
13 The Minimum Wage Controversy 189
14 The Economics of Interplace Competition 199
15 The Economics of Health Risk Analysis 213
Bibliography 223
Index 229
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