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HUGO WALL SCHOOL OF PUBLIC AFFAIRS

PAdm 765: Public Sector Economics

3 Credit Hours

Prerequisites:
Economics 201Q: Principles of Macroeconomics
Economics 202Q: Principles of Microeconomics
Graduate standing or instructor’s consent

Course Objectives:

  • Understanding of markets as a means of resource allocation
  • Understanding of implications of market failure
  • Understanding of relationship between public and private sectors
  • Understanding the economics of the demand and supply of public goods and services
  • Understanding the economics of taxation and other governmental revenue sources

Course Description:
An analysis of fiscal institutions and decision making in the public sector of the American economy, budget planning and execution, taxation, debt, and fiscal policy.

Major Topics Covered:

  • Government and the Economy
  • Private Markets
  • Elasticity
  • Costs and Supply of State and Local Goods and Services
  • Market Failure and the Role of Government
  • Public Choice Theory
  • Non-Tax Revenue Sources
  • Principles of Tax Analysis
  • Property Taxes
  • Sales and Excise Taxes
  • Income Taxes
  • Business Taxes