Public Economics (ECON 520)

2021 Fall
Faculty of Arts and Social Sciences
Economics(ECON)
3
10.00
Hakkı Özdenören hakki.ozdenoren@sabanciuniv.edu,
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English
Doctoral, Master
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CONTENT

Fundamental theorems of welfare economics; theories of government; public goods; externalities; public choice; income redistribution; taxation, income distribution and efficiency; public production, incentives and the bureaucracy; privatization.

LEARNING OUTCOME

The course participants are supposed to achieve
? knowledge of central concepts and basic models of modern public economics based on second best welfare theory
? relevant knowledge of actual policies
? some knowledge of relevant issues currently on the political agenda

Skills:
The course participants are supposed to acquire abilities to
? explain the economic contents and trade-offs captured by the models,
? discuss the assumptions, relevance, and limitations of the models,
? identify and analyse policy problems in public economics,
? assess arguments appearing in the policy debate.