Economics of Government, Health Care and Nonprofit Entities

Catalog description

This course introduces the principles of economics as applied to the government, health care and nonprofit sectors in the United States. The course will provide an analysis of the role of public and nonprofit institutions in the private market economic system. Special attention will be paid to the interaction of economics and the political process. Specific topics to be covered are: public vs. private goods, market failure and externalities, supply and demand analysis, public choice theory, indifference curve analysis, macroeconomic stabilization, the public debt and economic development and growth. Economic analysis will be applied to contemporary policy issues such as public welfare, health care, the environment, transportation, education, and taxation.