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Public Economics

Public Economics

Term
Course Number
GAFL 621 001
Course Code
GAFL621001
Course Key
73239
Day(s)
Tuesday
Thursday
Time
10:15am-11:35am
10:15am-11:35am
Instructor
Course Note
This course has seats reserved for Fels' students and gives priority to grad students.
Course Description
This course provides students with the knowledge required to understand government operations in relation to the market economy. In theory of supply and demand, students explore the pricing mechanism, price elasticity, and the effects of price controls on markets. Efficiency is examined in connection with competition and again in connection with equity, and market failure is considered as a reason for government intervention. Cost-benefit analysis is examined in the context of selecting among public investment alternatives. The course also assists students in addressing issues connected with local public goods and economic development.