MEC-106: Public Economics
Economic analysis of government expenditure, taxation, and public policy
Course Overview
This course examines the role of the government in the economy, focusing on public goods, externalities, taxation, public expenditure, and fiscal policy. It provides analytical tools to evaluate public policies and welfare outcomes.
Course Objectives
- Understand the rationale for government intervention
- Analyze taxation and public expenditure policies
- Evaluate fiscal policy instruments
- Assess welfare implications of public decisions
- Develop analytical skills in public finance
Key Topics
- Role of Government and Public Sector
- Public Goods and Externalities
- Theory of Public Expenditure
- Taxation: Principles and Incidence
- Fiscal Policy and Economic Stabilization
- Federal Finance
- Budget Deficits and Public Debt
- Public Policy and Welfare
Recommended References
- Public Finance by Harvey S. Rosen
- Public Finance in Theory and Practice by Richard Musgrave
- Economics of the Public Sector by Joseph Stiglitz
Study Materials
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Important Topics
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Previous Year Questions
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