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The Art and Science of Economic Policy

Learn essential principles of economic policymaking, from theory to implementation, taught by experienced policy experts and economists.

Learn essential principles of economic policymaking, from theory to implementation, taught by experienced policy experts and economists.

This comprehensive course explores the fundamentals of economic policymaking, combining theoretical frameworks with practical implementation strategies. Led by distinguished experts Dr. Vijay Kelkar, Dr. Ajay Shah, and Aromar Revi, the course synthesizes over 100 years of their combined experience. Students learn about government roles, policy design principles, and implementation challenges while examining real-world cases. The course emphasizes both objective analytical methods and subjective aspects of policymaking, making it valuable for policy students, government officials, and corporate executives.

4.7

(95 ratings)

7,740 already enrolled

Instructors:

English

English (Original), Deutsch (Auto), हिन्दी (ऑटो), 18 more

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The Art and Science of Economic Policy

This course includes

13 Hours

Of Self-paced video lessons

Beginner Level

Completion Certificate

awarded on course completion

2,436

Audit For Free

What you'll learn

  • Identify the role of government in defining and implementing policy

  • Understand objective and subjective aspects of policymaking

  • Analyze steps involved in policy creation and implementation

  • Recognize market failures and appropriate government interventions

  • Evaluate policy effectiveness using economic principles

  • Develop strategies for successful policy implementation

Skills you'll gain

economic policy
public policy
governance
policymaking
market failure
behavioral economics
policy implementation
state capacity
policy analysis
government role

This course includes:

183 Minutes PreRecorded video

5 assignments

Access on Mobile, Tablet, Desktop

FullTime access

Shareable certificate

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There are 6 modules in this course

This comprehensive course examines both theoretical and practical aspects of economic policymaking. The curriculum covers six key modules, beginning with foundational concepts of governance and market failure. Students explore the science of policymaking through behavioral economics, pricing, and competition, followed by the art of policy implementation considering context, complexity, and stakeholder management. The course emphasizes practical applications through case studies and real-world examples from India and globally.

Introduction to The Art and Science of Economic Policy

Module 1 · 1 Hours to complete

The Foundations of Policymaking

Module 2 · 3 Hours to complete

The Science of Economic Policymaking

Module 3 · 3 Hours to complete

The Art of Economic Policymaking

Module 4 · 3 Hours to complete

Implementation of Economic Policy

Module 5 · 2 Hours to complete

Conclusion: The Art and Science of Economic Policy

Module 6 · 23 Minutes to complete

Fee Structure

Payment options

Financial Aid

Instructors

Aromar Revi
Aromar Revi

5 Courses

Urban Development and Sustainability Expert

Aromar Revi has established himself as a pioneering figure in sustainable urban development as the founding Director of the Indian Institute for Human Settlements (IIHS), India's first prospective National University focused on urbanization. His academic foundation includes degrees from IIT-Delhi and the Law and Management schools of the University of Delhi. With over 35 years of interdisciplinary experience, he has emerged as a global thought leader in sustainable development, public policy, and climate science. His extensive work includes leading 125 major research and consulting assignments, publishing over 95 peer-reviewed publications, and helping structure development investments exceeding $8 billion across multiple countries. As Co-Chair of the UN Sustainable Development Solutions Network (SDSN), he successfully championed the inclusion of urban development in the UN's 2030 agenda through SDG 11. His expertise in climate science is evidenced by his role as Coordinating Lead Author of the 2018 IPCC Special Report on Global Warming of 1.5°C. As one of South Asia's leading disaster mitigation experts, he has directed emergency teams for ten major natural disasters affecting over five million people. His influence extends across academia, policy, and practice, having lectured at over 90 universities worldwide and advised numerous governments and international organizations on sustainable

Research Professor of Business

Ajay Shah is a distinguished economist and academic with a robust professional background. He holds a PhD in Economics from the University of Southern California and a B.Tech in Aeronautical Engineering from IIT Bombay. Throughout his career, he has held numerous prestigious positions, including Senior Fellow at Pune International Centre, Research Professor of Business at Jindal Global University, and Professor at the National Institute for Public Finance and Policy. Shah has made significant contributions to various domains of economic research, including financial system policy, international finance, risk management, and macroeconomic policy. He has authored and co-authored multiple books and publications, and has been a member of several important government committees and task forces. His research spans diverse areas such as securities markets, exchange rate regimes, capital flows, and technology policy. He has also received multiple honors, including being listed among top economists by Indian Express and winning several awards for his scholarly work.

The Art and Science of Economic Policy

This course includes

13 Hours

Of Self-paced video lessons

Beginner Level

Completion Certificate

awarded on course completion

2,436

Audit For Free

Testimonials

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4.7 course rating

95 ratings

Frequently asked questions

Below are some of the most commonly asked questions about this course. We aim to provide clear and concise answers to help you better understand the course content, structure, and any other relevant information. If you have any additional questions or if your question is not listed here, please don't hesitate to reach out to our support team for further assistance.