Public Finance

This course explains the economic functions of government in a capitalistic economic system. It focuses on government operations in two distinct areas: government expenditure and government revenue. First, government expenditure programs are examined with primary emphasis on the provision of public goods and on welfare distribution functions. The second aspect of the course examines how the government collects revenue. Topics such as cost-benefit analysis and ability to pay and benefit principles of taxation are explained as well as the relationship between fiscal policy and debt and deficit management.