ECON 445 - Public Economics

Credits: 4

Government as the agency that corrects for market defects. Theories of public goods, externalities and Pareto optimal redistribution of income. Topics in the modeling of government and public choice, including economic analysis of coalition formation, governmental size, behavior of voters, behavior of political representatives, parties and bureaucrats, and support for certain types of legislation, including regulation. Prerequisites: ECON 360, College-level Statistics, and College-level Calculus (MATH 220 or 224/225). 4 Cr.