PUBLIC ECONOMICS (EC3076)

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Provides the economic rationale for public intervention in markets (public goods, externalities, and distribution), and presents public expenditure issues, such as anti-poverty programs, health care, social security, and revenues, e.g., personal and corporate income taxes, as well as the political economics of public finance.

Code: 
EC3076
Name: 
PUBLIC ECONOMICS
Discipline: 
EC (Economics)
Type: 
Regular
Level: 
Undergraduate
Credits: 
4
Can be taken twice for credit?: 
No
Pre-requisites: 
(EC2010 OR EC2010GE110) AND (EC2020 OR EC2020GE110)
Co-requisites: 
None

Learning Outcomes

  1. Assess and understand the role of government in areas such as health care, social security, poverty alleviation, and income redistribution, social justice and inclusion,
  2. Master mathematical and algebraic applications used to demonstrate utility maximization, individual and government preferences, budget constraint, indifference curves and social efficiency and welfare
  3. Study the concept of externalities when making economic, social and political choices,
  4. Understand areas of research in public economics, political agency, public goods, the commons, fiscal federalism and fiscal responsibility
  5. Understand how the government raises revenues through taxation to finance public expenditures and how different forms of taxation affect individual decision-making.
  6. Understand how the government responds to externalities and welfare imperative through taxation and public policy,
  7. Understand the nature of public goods and how they should be provided to all citizens,

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