An Introduction to Public Economics and Epidemics

Prof. Dr. Florian Herold


This course (lecture + tutorial) offers an introduction to key concepts of publiceconomics, networks, and epidemics and investigates their connections. InMicroeconomics II (Mikroökonomik II) we discussed already important reasonsfor market failures such as external effects, public goods, market power, andasymmetric information. After an introduction to epidemiological models ofcontagious diseases and related network models, we recap and further developour understanding of key concepts of public economics and apply them to networkeffects and epidemics.


  • Introduction: The COVID-19 Pandemic, Networks and Public Economics·
  • Simple models of contagious diseases: SIR, SEIR, SIS, ...·
  • Network models of epidemic spread and critical thresholds
  • Externalities, public goods, and other market failures·
  • Inequality, social- and health insurance·
  • Public decision making and political economics

Veranstaltungstermine - Online


  • Mittwoch, 10.15 - 12.00 Uhr online


  • Donnerstag, 10.15 - 12.00 Uhr online ab 19.11.2020



Hindriks, J. and G. D. Myles, (2013), Intermediate Public Economics, Sec. Ed.,MIT Press

Newman, M.E.J., (2018), Networks-An Introduction, Sec. Ed., Oxford UniversityPress

Celentano, David D. and Moyses Szklo,(2019), Gordis Epidemiology, Sixth Ed.,Elsevier