Economic Analysis of Public Sector

Instructors

OGAWA Hikaru

Term / Language / Credits

A1A2 / English / 2

Objectives

This course covers the fundamentals of economic analysis of public sector (“public economics”). Specifically, it explores the role of government in resolving market failures caused by externalities, public goods, imperfect competition, and asymmetric information.

Keywords

Public goods, externality, price regulation, imperfect competition, taxation

Schedule

1. Introduction
2. Externalities
3. Permit trading
4. Renewable common resources
5. Coordination failure
6. Midterm exam
7. Pure public goods
8. Two examples of public goods
9. Impure public goods
10. Monopoly
11. Price regulation
12. Taxation
13. Final exam

Teaching Methods

Lectures and presentations.

Grading

Homework and exams

Required Textbook

John Leach, A Course in Public Economics - Cambridge University Press

Reference Books

Jean Hindriks and Gareth D. Myles, Intermediate Public Economics - MIT Press

Notes on Taking the Course

Requirements. Knowledge on intermediate-level microeconomics with calculus.

Related Resources

Course Catalog 2015-2016