Economics 431 - Public Finance

Institution:

Macalester College

Subject:

Description:

This course examines the economics of government policy, focusing on taxation and expenditures. It relies on theoretical and empirical research to explore how government affects the allocation of resources and the distribution of income and to characterize optimal government policy. The first portion of the course considers government policy in the presence of public goods or externalities (such as pollution or spillovers from public education) and analyzes the effect of social security and social welfare programs on labor supply, savings, income distribution, and government revenue. The second portion focuses on the distributional burdens of taxation, optimal commodity and income taxation, and current tax debates. Prerequisites: Economics 361, 371, and 381. This course will count towards the capstone. Every year. (4 credits)

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.macalester.edu

Phone Number:

(651) 696-6000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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