Course overview
This course deals with theoretical foundations of public economics with a focus on public goods. The topics covered may include efficiency in allocation of public goods, private and public provision of public goods, externalities, VCG mechanisms, congestion etc. Students will do presentations of public economics topics of their choice to get a broader view of the subject .
Course learning outcomes
- Recognize and apply advanced tools and models used in the field of Public Economics
- Modify, and suitably apply models used in public economics in their own research
- Draw conclusions for good public policy from theoretical models and empirical tests
- Formulate a perspective on how public policies are formulated and how they differ from the prescribed standards of normative public economics
- Discuss and critique academic articles and policies using advanced tools from the discipline of public economics