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Author:
The Saylor Foundation
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| Description: |
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Public Finance rests at the intersection of two disciplines: Public Economics and Public Choice. Public Economics deals with issues of social optimality: how much of a good (or bad) does a society desire (or tolerate), and how do we incentivize producers and consumers to attain that amount? Public economics concerns itself with externalities, which are costs that are borne by persons not involved in a market transaction. There are both positive and negative externalities; public economists want to know how we get more of the good and less of the bad. Public choice is the field of economics that looks into the behavior of voters, politicians, and bureaucrats and studies how they choose given different policy institutions. This free course may be completed online at any time. See course site for detailed overview and learning outcomes. (Economics 305)
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| Keywords: |
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Prices, Macroeconomics, Public Finance Trends, Output, Public Policy, Externalities, Taxes, Public Finance, Government Failure, Public Goods, Subsidies, Market Failure, Rent Seeking
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| More information about this material: |
Primary Audience:
College Upper Division
Mobile Compatibility:
Not specified at this time
Language:
English
Material Version: 0
Cost Involved:
no
Source Code Available:
no
Accessiblity Information Available:
no
Copyright:
yes
Creative Commons:
This work is licensed under a
Attribution 3.0 United States
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About this material: |
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