Public Finance & Political Economy    3 s.h

Catalog description

This course in public finance and political economy offers an overview of how governments allocate and manage resources to promote economic growth and social welfare. Students will learn about the various tools used by governments to raise revenue and allocate resources, such as taxes, subsidies, public spending, and debt financing. The course also explores the various market failures that can arise due to externalities, information asymmetries, and public goods, and how governments can intervene to correct them. Additionally, the course delves into the political economy of public finance, analyzing the trade-offs between political and economic objectives, such as efficiency, equity, and political stability. Prereq.: ECON 2610 , 2.5 GPA.