22-10.120 Public Finance

Lehrende: Dr. Enrico Longo

Veranstaltungsart: Vorlesung + Übung

Anzeige im Stundenplan: Finanzwissensch

Semesterwochenstunden: 3

Credits: 6,0

Unterrichtssprache: Englisch

Min. | Max. Teilnehmerzahl: - | 230

Kommentare/ Inhalte:
Public Economics is the study of the economics of the public sector. Accordingly, it deals with the role of the state as an economic actor from both normative and positive perspectives. This course provides an overview of various theoretical and empirical concepts in public ecponomics, including some insights from psychology and behavioral economics.

We will try to understand when and why the public sector should intervene in the economy and how.

 

Vorgehen:
The lecture is scheduled to be face-to-face. Slides and other materials will be posted regularly online.

Outline of the course:

1 Introduction to Public Economics
2 General Equilibrium, Market Efficiency and Theorems of Welfare Economics
3 Market failures (Public Goods, Externalities and the Environment, Incomplete Information)
4 Efficiency, Equity and Public Choice
5 Taxation
6 Tax Incidence
7 Public Debt and Financial Crisis
8 The Welfare State (Social Security and Education)
9 The psychology of Poverty
10 Nudging as a public policy tool
 

Literatur:
- Lecture notes and exercise
- Stiglitz, J.E. (2000), Economics of the Public Sector, 3rd ed.
- Wigger, Berthold U. (2006), Grundzüge der Finanzwissenschaft, 2nd ed.
- Blankart, C.B. (2008), Public Finance in Democracy, 7th ed.
- Rosen, H.S. and T. Gayer (2010), Public Finance, 9th edition, McGraw-Hill.
- futher literature will be suggested in class.

Zusätzliche Hinweise zu Prüfungen:
The language of examination is the same as the language of instruction (English).