Public Economics: Analyzing Government Intervention and Fiscal Policy

Understanding how governments influence markets is crucial for analyzing economic outcomes and public welfare. This course provides a robust theoretical framework for studying public finance and economic policy, focusing on both classical models and contemporary applications. By the end of this course, you will possess a strong command of public economics models, enabling you to critically evaluate policies related to public goods, externalities, and income redistribution. What you'll learn: * Understand the fundamental theorems of welfare economics and the rationale for government intervention. * Analyze market failures, including externalities and public goods, and evaluate various corrective mechanisms. * Master the principles of optimal taxation, tax incidence, and the efficiency impact of different tax structures. * Evaluate methods for analyzing public expenditure, cost-benefit analysis, and the management of government debt. * Apply concepts from behavioral economics and social choice theory to public decision-making processes. The content begins with foundational concepts in welfare economics and market failure, progresses through the theory of public goods and externalities, and concludes with detailed coverage of taxation and public expenditure analysis. This course is ideal for beginners, students, or anyone seeking a deep, structured introduction to the field of Public Economics. No prior economic knowledge beyond basic concepts is required. Start building your expertise in economic policy analysis today.