This course focuses on effects of government expenditure and taxation. Topics covered include public vs. private sector, function of government, rational for government intervention in economics activities, government budget, the theory of public goods, Pareto optimality, externalities, the principles of maximum social gain/advantage, theory of social choice, partial and general equilibrium of private and public goods. Pricing, investment and financing of public sector enterprises. The public sector and economic development. Analysis of selected public policies.

 

 


Level of Study: 300 Level