ECON 44541 - Economics of Public Policy

Institution:

University of Notre Dame

Subject:

Economics

Description:

"EC 3060 Economics of Policy Issues at Trinity College; Module 1 This module is an introduction to, and survey of, the theory of welfare economics. The course will examine the broad philosophical and legal basis of a market economy, paying particular attention to the issues of property rights and the rule of law. The issue then of collective benefits arising from public goods will be explored in some detail, with the information problem associated with optimal provision of such goods the focal point. This will be followed by a detailed discussion of externalities: private solutions, public policy and prohibition of markets. The course will conclude with a discussion of social justice, in its various formal dimensions. Module 2 The first part of Module B will mainly analyze the relationship between institutions and policy outcomes. In particular, it will focus on voting behaviour and the impact of forms of government and electoral rules on redistribution and government expenditure. This will be followed by an analysis of political incentives to accommodate special interest policies, with a focus on rent-seeking behaviour. The second part of Module B will examine the economics of energy policy issues covering electricity market liberalisation, renewable energy policy, conventional electricity generation and climate change policy."

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.nd.edu

Phone Number:

(574) 631-5000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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