Public Economics and Revenue Theory

This course delves into the theoretical underpinnings of government intervention and the raising of public funds. It explores the rationale for the state’s role in a mixed economy, focusing on market failures, public goods, and externalities. A significant portion of the course is dedicated to revenue theory, examining how governments finance their expenditures through taxation, borrowing, and other means. Participants will gain a sophisticated understanding of the economic models used to analyze fiscal policies and their consequences for resource allocation and social welfare.