Intoduction to Course:

This course investigates the role of the public sector in the economic arena. We will attempt to explain why government intervention is needed, how it influences the behavior of the private sector and what the welfare effects of such influences are. Moreover, this course will discuss and analyse the role of government and the rationale for and design of taxation and expenditure policy.

Course pre requisites (if any):

No

Learning outcomes:

On the successful completion of the course students will be able to:

• By the end of the course students should have an appreciation of the principal forms of market failure that provide a justification for government intervention
• Be familiar with the main policy instruments used to mitigate market failures and the principles that guide their optimal use.
• Be able to understand the limitations of government intervention - for instance, understand how the presence of information problems both explains the forms that policy intervention take and imposes limits on what can be achieved by it.

Textbooks:

1. David, N. H. (2016). Public finance: A contemporary application of theory to policy (11th ed.). Harcount Brace College Publishers.
2. Rosen & Harvey, S. (1999). Public finance (9th ed.). Mc-Craw Hill.

Description of system of Evaluation (Exam, assignments etc.):

Mid Term: 30 marks

Sessional: 20 marks

• Project: 40%
• Presentation: 30%
• Participation: 30%

Final Exam: 50 marks

Class Timmings: