This course adds depth to the cadet's understanding of the fundamentals of micro- and macroeconomics. In particular, the course examines practical and theoretical issues in social welfare, public expenditures, taxation, and public choice. The course develops understanding of the value of economic models in addressing complex policy questions that occur in a fluid political environment, sharpens analytic skills, and provides a bridge to the higher level theoretical models used in the study of the national political economy.
