This course provides students with a comprehensive understanding of the foundations of economic and social policy analysis.

It begins by introducing key concepts in public economics, including the fundamental theorems of welfare economics, public goods, externalities, moral hazard and adverse selection. The course then explores inefficiencies in private markets and examines potential economic policy solutions, such as taxation and social insurance.

Additionally, it applies theoretical knowledge to discuss important policy issues such as:

• Income inequality
• Population aging
• Climate change
• Gender wage gaps
• Family policies
• Labor market policies

Finally, the course also briefly introduces students to basic applied econometric methods used in empirical economic policy analysis.

The course is designed to be international in scope. We draw on examples from different countries and provide international comparisons to provide a comprehensive view of contemporary policy issues. The course welcomes both Austrian and international students and encourages interaction and collaboration among students from diverse backgrounds.

Attendance is mandatory. Students may have a maximum of 2 absences.

Teaching methods include lectures, class discussions, presentations, and written individual assignments and exams.