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The course provides an introduction to Public Economics. Upon completion of the course, the 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). The lecture presents fundamental concepts of Public Economics which, in the proseminars, are applied to specific analytical problems and discussion questions. 

Short tests, midterm exam. In the PS, attendance is mandatory.

Date and time for the midterm exam: TBA

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)

It is advantageous to have completed the module “Theory of Economic Decisions: Decisions and Strategies”.

Frequently asked questions about the course Economics and the Public Sector: FAQ