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
Credits
4
Pre-requisites
EC2010GE110 OR EC2010 AND EC2020 OR EC2020GE110
Co-requisites
None
Can be taken twice for credit?
No
Discipline
EC (Economics)
Level
Undergraduate
Type
Regular
CAMS ID
2724
Last update with CAMS
Understand the nature of public goods and how they should be provided to all citizens,
Study the concept of externalities when making economic, social and political choices,
Assess and understand the role of government in areas such as health care, social security, poverty alleviation, and income redistribution, social justice and inclusion,
Understand how the government raises revenues through taxation to finance public expenditures and how different forms of taxation affect individual decision-making.
Understand areas of research in public economics, political agency, public goods, the commons, fiscal federalism and fiscal responsibility
Understand how the government responds to externalities and welfare imperative through taxation and public policy,
Master mathematical and algebraic applications used to demonstrate utility maximization, individual and government preferences, budget constraint, indifference curves and social efficiency and welfare
Term Code Name
Spring 2021 EC3076 PUBLIC ECONOMICS