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BECO 1855A - Introduction to Public Economics

Type d'enseignement : Lecture alone

Semester : Autumn 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

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Course Description

This course examines the role of government in the economy. Under ideal market conditions, competition promotes economic efficiency via Adam Smith's “invisible hand", leaving little role for the government. In some cases, however, markets fail and government intervention may be desirable. Market failures to be analyzed during this course, include public goods and externalities. In addition, the government may have a role in the redistribution of income. The course then examines the financing of such government interventions. Tax systems should be designed to enhance economic efficiency and to promote an equitable distribution of income.

Teachers

NINO FERNANDEZ, Camila (Chargée d'enseignement)

Required reading

Stiglitz, J. Economics of the Public Sector, 3rd Edition, W.W Norton & Company, NY.