Economic policy affects every citizen. And economic policymaking is best done as a collaborative process with a wide range of stakeholders. This course brings an understanding of the relevance and impacts of economic policymaking in everyday life, and the ways for citizens to be involved in shaping economic policy, in an accessible and interesting manner. Taught by Dr. Vijay Kelkar and Dr. Ajay Shah, along with Aromar Revi, Director, IIHS, the course synthesises more than one hundred years of their combined experience as professional economists and public intellectuals.
The Art and Science of Economic Policy
Gain insight into a topic and learn the fundamentals.
4.7
(100 reviews)
Beginner level
Recommended experience
13 hours to complete
3 weeks at 4 hours a week
Flexible schedule
Learn at your own pace
What you'll learn
Identify the role of the government in defining and implementing policy
Recognise the various objective aspects of policymaking, and appreciate the various softer / people aspects involved
Analyse the steps involved in the process of policymaking, and discuss various nuances and challenges in defining and implementing it
Skills you'll gain
Details to know
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Assessments
5 assignments
Taught in English
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There are 6 modules in this course
Welcome to The Art and Science of Economic Policy (TASEP). The goal of this course is to help you understand the why, when, what, and how of economic policymaking. In this module, you will get an overview of what to expect from this course. You will also meet your instructors and have the opportunity to meet your fellow learners. We hope this module helps you familiarise yourself with the course and its contents so you are prepared to learn most effectively from the following set of modules.
What's included
2 videos3 readings2 discussion prompts1 plugin
This module introduces you to the foundational concepts surrounding governance. Together, we will reflect on questions such as why we need a government, and what its duties and responsibilities are. We will also look at examples from the past where governments have faltered, its reasons, and the possible solutions. Happy learning!
What's included
5 videos10 readings1 assignment3 discussion prompts
In this module, you will learn about objective concepts and principles relating to policymaking that can help us with decision making – behavioural economics, pricing, competition, and root cause analysis. These concepts are supported with strong relevant examples to aid your understanding.
What's included
9 videos11 readings1 assignment1 discussion prompt
In this module, you will switch gears and look at policymaking from the people or society perspective. The ideas and concepts discussed in this module are more subjective, such as understanding context, finding value in patience, appreciating nuances of complexity and conflict, and knowing the power of transparency.
What's included
9 videos9 readings1 assignment1 discussion prompt
This module introduces you to the different stages and processes of policymaking. You will also learn about the need for the state to prepare for policy implementation and the benefits of creating collaborative pathways between government and academic institutions. You will hear about many examples relating to these ideas, and you will find it particularly beneficial to participate in the discussion forums in this module.
What's included
5 videos7 readings2 assignments
We hope you found this course informative and useful for your current work or academic needs. Thank you very much for being part of the course. In the concluding video, we round up the ideas discussed in this course and each of the instructors share their parting notes on how you can translate concepts from this course into your own practice.
What's included
1 video1 plugin
Instructors
Instructor ratings
4.6 (41 ratings)
2 Courses8,204 learners
Offered by
Recommended if you're interested in Economics
Erasmus University Rotterdam
Erasmus University Rotterdam
Queen Mary University of London
University of Illinois Urbana-Champaign
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Learner reviews
4.7
100 reviews
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Showing 3 of 100
K
5
Reviewed on Jan 10, 2023
Exceptional course for an introduction to policy studies in the Indian context. Excellent lectures with ample supplementary materials; thoroughly enjoyed!
BN
5
Reviewed on Oct 14, 2023
Good Starting point for Life-long journey in the study of Public & Economic Policy
JH
5
Reviewed on Jul 27, 2022
It is a well defined course and provided lots of insights regarding Economic Policy making.
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