ECON 475
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Public Economics
Economics
College of Family, Home, and Social Sciences
Course Description
Evaluation of the role of government from an economic perspective. Typical topics include taxation, externalities, public goods, corruption, public choice, Social Security, Medicare and Medicaid, education, income redistribution, and crime.
When Taught
Contact Department
Min
3
Fixed/Max
3
Fixed
3
Fixed
0
Title
Econ 475 students will be able to
Learning Outcome
Discuss the revenue, expenditure, and debt patterns of the U.S federal government.
Analyze how modifying the neoclassical assumptions learned in 380 can affect the welfare implications of markets. In particular, how the welfare implications are affected by
Externalities and Public Goods
Fixed Costs or Increasing Returns
Poorly Enforced Property Rights
Information Problems
Hyperbolic Discounting or Loss Aversion
Demonstrate an understanding of the function and incentive effects of the major redistribution programs in the United States.
Discuss the efficiency and distributional effects of taxation and the theory of optimal taxation for both income and commodity taxes.
Read papers in the public economics literature and
Provide written and oral critiques of the papers
Apply modern tools of econometric analysis in discussing the papers
