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ECON 426 Public Economics (3 Credits)

The emphasis is on theory and evidence on expenditure policies of the government. Topics include education, local and state public goods, the theory of public goods, welfare and redistribution policy, political economy, health care policy, and social insurance programs like unemployment insurance and social security.

Learning Outcomes:

  • Study the roles of government, the ways in which public policies are developed and implemented, and the effectiveness of government programs.
  • Learn about the Public Goods Theory.
  • Understand the fundamental public policy questions of the day and the key theoretical and empirical tools of policy analysis in economics.
  • Examine the role of the public sector in the economy.
  • Understand the reasons for government intervention in the economy, the extent of that intervention, and the response of private agents to the government's actions.
  • Analyze types, properties, and effects of taxes and those describing publicly provided goods, market imperfections, and second best constraints.