Content
This course is about different public activities related to the revenue and the expenditure side of the public budget. As to the revenues, in Part I commodity taxes will be discussed with a focus on efficiency and income taxes with a focus on distributional concerns. Public funds may, however, not only be used for redistribution. A major reason for raising revenue is to finance public expenditures related to market failure. In Part II, two types of market failure will be at the center: public goods and externalities.
Whenever appropriate both sides of the budget will be studied in an interrelated way.
Course material
For the course material and e-learning questions, please go to Moodle.External link
Literature
- Atkinson, A. and J. Stiglitz (1980), Lectures on Public Economics, McGraw-Hill Singapore.
- Hindriks, J. and G. Myles (2013): Intermediate Public Economics, The MIT Press, Cambridge, MA.
- Myles, G. (1995), Public Economics, Cambridge University Press, Cambridge.
- Further references will be announced in class.
For a refresher of math skills:
- Chiang, Alpha (1984): Fundamental Methods of Mathematical Economics, McGraw-Hill, Singapore.
- Hoy, M. et al. (2011): Mathematics for Eoconomics, The MIT Press, Cambridge, MA.
- Wisniewski, M. (2013): Mathematics for Economics, Palgrave Macmillan, Basingstoke.
Please also see the Math Primerpdf, 393 kb · de!
Organisation Details
- Offered every summer term
Exam
- There will be a 60-minute written exam.
Exams of the previous terms can be found here: Exam 1pdf, 166 kb · de