LFU:online

IMPORTANT: ONLINE COURSE

The course provides an introduction to Public Economics. At the end of the course students will be able to answer the following questions: When should the government intervene in the economy? Which instruments does the government use for intervention? How does government intervention affect the decisions of market participants and market outcomes?

Reasons for government intervention: market failure; Reasons for government intervention: redistribution; Government intervention: taxation

Lecture and accompanying tutorial sessions (proseminars). In the lecture basic concepts of Public Economics are presented. In the proseminars these concepts are used to discuss and solve short case studies. In the proseminars, a term paper will have to be written in groups of students.

Group task, exercises in class and final exam

Gruber, Jonathan, Public Finance and Public Policy, 6th ed., New York: Worth Publishers, Macmillan Learning, 2019.

Admission requirements: positive completion of the mandatory courses "Introduction to Management"referred to in § 5 (1-1) and "Introduction to Economics" referred to in § 5 (1-2)