Course Description

Course Name

Economic Analysis of Public Sectors

Session: VSOS3221

Hours & Credits

3 Credits

Prerequisites & Language Level

Taught In English

  • There is no language prerequisite for courses at this language level.

Overview

Course Outline
In modern economic theory, the market is a shrine for all neoclassical economists. Public sector can be defined as a unique area where the market does not function properly as a resource allocation mechanism. An alternative mechanism that arises in the absence of the effective market function is the government. This course examines the economic rationales of government interventions in the market. This course covers the theory of consumer choice, the theory of the firm, and the concept of equilibrium. The course will also include applications of economics to public policy issues.

Course Objective
The objectives of the course are 1) to introduce students to fundamental principles of microeconomics and public sector economics; 2) to train students to apply economic theories to problems in the public sector.

Recommended pre-requisite, Level(qualification)
Microeconomics is recommended before taking this course but is not required.

Textbook, Material
-Jonathan Gruber. 2012. Public Finance and Public Policy. 4th ed. Worth Publishers (Required)
Previous editions will be okay. However, you are responsible to find the right chapters in the syllabus.
-Walter Nicholson. 2004. Intermediate Microeconomics and Its Application. 9th ed. Thomson (Recommended)
-Charles Wheelan. 2010. Naked Economics: Undressing the Dismal Science (Fully Revised and Updated). Norton. (Required)

*Course content subject to change