PAdm 765: Public Sector Economics
3 Credit Hours
Prerequisites:
Economics 201Q: Principles of Macroeconomics
Economics 202Q: Principles of Microeconomics
Graduate standing or instructor鈥檚 consent
Course Objectives:
- Understanding of markets as a means of resource allocation
- Understanding of implications of market failure
- Understanding of relationship between public and private sectors
- Understanding the economics of the demand and supply of public goods and services
- Understanding the economics of taxation and other governmental revenue sources
Course Description:
An analysis of fiscal institutions and decision making in the public sector of the
American economy, budget planning and execution, taxation, debt, and fiscal policy.
Major Topics Covered:
- Government and the Economy
- Private Markets
- Elasticity
- Costs and Supply of State and Local Goods and Services
- Market Failure and the Role of Government
- Public Choice Theory
- Non-Tax Revenue Sources
- Principles of Tax Analysis
- Property Taxes
- Sales and Excise Taxes
- Income Taxes
- Business Taxes