Long-term Fiscal Sustainability

Undergraduate

The course considers the study of fiscal policy and government finances and its determinants in the long term. We focus on the US and other advanced economies' sustainability position and how that is driven by and related to changes in the demographic structure of these countries, and other age-related expenditures, like health and pensions. The effect of other expenditures, like student loans, and revenues are looked at. We also carry out sovereign debt analysis of some middle-income countries. Prerequisites: Introductory Macroeconomics ( ECON 1116 or equivalent), Introductory Microeconomics ( ECON 1115 or equivalent), and either Intermediate Macroeconomics ( ECON 2122 or ECON 2126 ) or Intermediate Microeconomics ( ECON 2121 or ECON 2125 ) SO Th 1:30pm-3:25pm