Offered
Clayton First semester 2008 (Day)
Synopsis
Topics in the theory of public goods including optimum conditions analysis; market failure and problems of political decision-making in relation to the supply of pure and impure public goods; separation of equity and efficiency aspects; possible applications to such issues as income redistribution, merit wants, pollution control and multi-level government.
Objectives
The learning goals associated with this unit are to:
- be familiar with the welfare framework, economic concepts and theoretical economic analysis of public goods at an advanced level
- be familiar with advanced economic analysis of political decision-making in the public choice literature
- have a sophisticated understanding of the implications of public goods analysis for government policy in major areas of public expenditure
- have a sophisticated appreciation of the limitations and deficiencies of theoretical and empirical economic analysis in this general area.
Contact hours
3 hours per week
Prerequisites
ECC4650 and ECC3810 or equivalent