Course Description

Market failures involving public goods and externalities, and of methods for measuring and reducing their efficiency costs, together with analysis of taxation and income-redistribution policies and discussion of collective choice theories, including social choice and public choice paradigms.

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Athena Title

PUBLIC ECON I

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Prerequisite

ECON 8010

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Semester Course Offered

Offered every year.

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Grading System

A - F (Traditional)

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Course Objectives

Students will develop skills in understanding market failures involving public goods and externalities, and methods for measuring and reducing their efficiency costs. The class will also study the analysis of taxation and income-redistribution policies and discuss collective choice theories.

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Topical Outline

Introduction Collective Choice Cost-Benefit Analysis Normative and Positive Aspects of Raising and Spending Tax Revenue Public Goods Externalities Enforcement

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