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