Microeconomics for Public Decisions is a core textbook that covers essential microeconomic principles and applies them to public decisions. It can and has been used without additional materials.
The text provides a systematic treatment of fundamentals such as supply, demand, market processes, utility, and costs. It also provides extensive coverage of topics that concern the public sector, such efficiency and equity, welfare economics, monopolies, externalities, public goods, risk and uncertainty, and cost-benefit analysis.
While the text is targeted for master's level graduate students and upper-division undergraduate students, it is suitable for other levels, and does not require prior coursework in economics or calculus. Even students with a background in economics will find much of the material novel.
The text blends theory with applications, so students will develop a solid understanding of both microeconomics and its appropriate use. Students will also learn to evaluate the economic arguments of different choices, and the broader impacts of decisions on society.
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About the Author
She is currently Professor of Civil and Environmental Engineering, and Professor of Public Affairs, at the University of Washington. She is also a Research Associate at the Scripps Institution of Oceanography, U.C. San Diego. Previously, she was a faculty member at the Georgia Institute of Technology. She has also held positions with the U.S. Geological Survey, Stanford University, Florida Institute of Technology, and Linköping University in Sweden. She received her Ph.D. in Civil and Environmental Engineering from Stanford University.
Professor Steinemann has received university and national teaching awards. She advises numerous governments and industries on water and environmental issues, and directs research funded by NSF, NOAA, USGS, NASA, EPA, and other agencies. Her work takes an interdisciplinary approach to problem solving, integrating expertise in engineering, environmental science, economics, public health, law, and policy.