Discuss the idea behind British Columbia’s decision to decriminalize small amounts of opioids.
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Economic analysis of illicit drugs, Including effects on demand, supply, prices and other market outcomes. Market structure, drug pricing, and price discrimination in comparison to the legal drug market. Public policy issues such as legalization, costs of addiction, enforcement and punishment.
Topic 1: Some Economic Basics thinking at the margins, including opportunity costs, to best allocate scarce resourcesbasic economic concepts, demand and supply, price elasticity
Topic 2: Drug Supply and Criminal Organizations illicit distribution of the flow of drugscriminal organization
Topic 3: Addictive Consumption price and consumptionthe instability of demand for drugs
Topic 4: Economics of Prohibition prohibition and crimelaw and economics
Topic 5: Optimal Public Intervention optimal level of consumptioneconomics of crime
Topic 6: Enforcement enforcement on both demand and supply sides
Topic 7: The Use of Performance-Enhancing Drugs in Professional Sports
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