The growth and decline of economic regions, the location decisions of firms, infrastructure issues, intergovernmental relations and influences on regional economic performance. Government expenditures, sources of revenue, distribution of government financial burdens, budgets, deficits, the power to tax, and provision of public goods. Applied Microeconomics in the Public Sector . This module presents the crucial connections between the economy and the legal system. Laws influence property rights, the ability to trade and enforce contracts.
Specific laws limit mergers, prohibit strategic pricing, and regulate entire industries.
Analysis of the American Industries . The performance of key U.S. industries, including education, beer, cars, medicinal drugs, radio, television, sports, steel, food, music recording, and their responses to changing national and international economic conditions. The economic roles of civil and criminal law through definition and enforcement of property, contract, and civil rights. Applications include breach of contract, compensation for injury, medical malpractice, sexual harassment. Economic analysis of asymmetric information, barriers to competitive entry, licensing, pricing practices and transactions costs, with application to the markets for insurance, computers, health care, used cars, and food.