ECON 325

Public Economics

Units: 1.5, Hours: 3-0

Introduction to the role of government in the economy. Topics include: examination of public goods, externalities, and information asymmetries; market failures resulting from these conditions and policies to address those market failures; taxes, expenditures, and collective decision-making under majority voting. Policy applications include welfare, education, healthcre spending, and tax policie such as income taxes, consumption taxes, and taxes on carbon emissions.

Prerequisites: 103.

Undergraduate course in Economics offered by the Department of Economics in the Faculty of Social Sciences.