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Dec 22, 2024
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ECON 370 - Public Finance
Prerequisites: ECON 111
In a perfectly competitive world governments are unnecessary as they could not enhance economic efficiency. However, in the real world markets may fail to deliver economic efficiency (market failure) opening the possibility that government can improve efficiently. Further, free markets sometimes provide grossly unequal rewards for citizens, and the governments may formulate policies to provide a “fairer” distribution of resources. This course deals with government intervention in markets and the economics of the public sector. We will also study how government policy is affected by voter behavior. This course will examine, among others, the topics of externalities, public goods, solutions to market failure, theories of taxation, and benefit -cost analysis.
3 credits
Alternate Fall
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