Course info

Course Content

Importance of the study of public finance and fiscal policy. Government activities and market inefficiencies. Market failure and its types and remedies. Rationale for government intervention. Maximizing social welfare and price controls. Economic conditions: Deadweight loss and taxation policies. Features of a good taxation system. Market inefficiencies and remedial measures to curb these inefficiencies. Public revenues, sources of public revenues and features of public revenue tools. Government policies, budget, sectoral, institutional policies.  Expenditure side. Social, political and economic expenditures. Expenditure function. Interdependency in expenditure structural policies.