- Study guides, Class notes & Summaries

Policy - Some plan of actions that is designed to address a particular problem or situation. -Purposive, Goal oriented, strategic -Made in advance, implies some degree of long-term orientation Public Policy - The action (or inaction) of government with regard to a particular issue or set of issues. What government does (or purposely doesn't do). -Attempts to solve the problem that impacts a large segment of society -Has implications for the "public interest" Policy Cycle Model - 1. Age...

rational decision making - Traditional economic theory that people are rational actors rational choice/public choice - people act based on their self interest what does it mean to be a rational actor? - You are able to rank, order your preferences based on the expected utility of each option. These rank ordered preferences are stable and transitive. Having perfect information about all alternative possibilities. Maximize your utility pure rationality - requires person to have complete inf...

rational decision making Traditional economic theory that people are rational actors rational choice/public choice people act based on their self interest what does it mean to be a rational actor? You are able to rank, order your preferences based on the expected utility of each option. These rank ordered preferences are stable and transitive. Having perfect information about all alternative possibilities. Maximize your utility pure rationality requires person to have...