Using Economics to Drive Efficiency
Date
From: Thursday September 10, 2015, 12:00 am
To: Thursday September 10, 2015, 12:00 am
How can we use economics to drive efficiency?
In this masterclass, you’ll learn how economics has got us to where we are today, what economic initiatives we weren’t able to achieve, and how economics can provide the tools and ideas to spur growth and improve productivity.
Course overview
A nation’s economic welfare is determined by its efficiency at producing goods and services and by how it distributes those goods and services among its people. Economic ideas and research raise a nation’s welfare by providing insights that help individuals make decisions that increase their utility and that help private firms make decisions that increase their profits. Economics can assist by assessing current policies and proposing new policies that improve the government’s efforts to correct market failures, to recognize when there is no serious market failure to correct, and to redistribute resources to achieve social goals.
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