Essential microeconomic theory and applications for policy analysis, public administration, health care, environmental management, urban affairs, and urban planning.
Provides a background in microeconomics for the study of public policy, emphasizing basic economic concepts and their implications for policy. Levy (urban affairs and planning, Virginia Polytechnic Institute and State U.) explains such factors as supply and demand, firms and markets, welfare economics, the role of the government, and benefit-cost analysis; then applies the principles to six situations, including rent controls, selling the right to pollute, the minimum wage, and health-risk analysis. Annotation c. Book News, Inc., Portland, OR (booknews.com)