Public Economics II

0.5 Course Units

Expenditures: Alternative theories of public choice; transfers to the poor; transfers to special interests and rent seeking; social insurance; publicly provided private goods; public production and bureaucracy. Taxation: Tax incidence in partial and general equilibrium; excess burden analysis. Topics on tax incidence and efficiency: lifetime incidence and excess burden, dynamic incidence, the open economy. Normative theories of taxation: Optimal commodity and income taxation. The political economy of income taxation. Fall or Spring Prerequisite: ECON 7100 AND ECON 7200 AND ECON 7110 AND ECON 7210 AND ECON 7300 AND ECON 7310 0.5 Course Units