Economics of the Public Sector

Catalog description

The public sector now spends nearly two out of every five dollars generated as income in the U.S. economy. A thorough knowledge and understanding of this important sector is an essential part of training in public policy analysis. This course provides an overview of the public sector of the U.S. economy, the major categories of public expenditures, and the main methods used to finance these expenditures. The principles of tax analysis and cost-benefit analysis are presented with a focus on the role of public policy in improving economic efficiency, promoting the goals of equity and social justice, and improving equity by altering the distribution of wealth and income.