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Public Economics Recitation

Public Economics Recitation

Term
Course Number
GAFL 621 101
Course Code
GAFL621101
Course Key
73246
Day(s)
Friday
Time
12:00pm-1:00pm
Co-requisites
GAFL 621-001
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.