Theoretical Foundations of Decision-Making in Public Policy
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Description
This exam evaluates understanding of theoretical frameworks in public policy decision-making, focusing on individual behavior's impact on economic and social outcomes.
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Exam Details
Duration: 45 minutes
Prerequisites: Introduction to Economics, Political Economy, Statistics for Economists
Key Topics
- Individual Rationality
- Collective Decision-Making
- Incentive Structures
- Public Policy Analysis
- Economic Forecasting
Learning Outcomes
- Articulate Key Decision-Making Theories
- Analyze Public Policy Scenarios
- Evaluate Economic Implications of Choices
Full Description
This exam focuses on the theoretical frameworks that underpin decision-making in public policy contexts. Key principles include individual rationality, collective decision-making, and incentive structures within governmental institutions.
Understanding these principles is critical for assessing how policy decisions affect social and economic outcomes. Insights drawn from this examination can inform professional practices in policy analysis and economic forecasting.
Candidates will be assessed on their ability to articulate key theories, analyze decision-making scenarios, and evaluate the implications of individual behavior in public policy.
This exam encourages critical thinking and a comprehensive understanding of how economic theories apply to real-world public choices.
Sample Questions
- How does individual rationality influence collective decision-making in government policies?
- What are the implications of incentive structures on public economic outcomes?
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