Jan 20, 2022  
2016-2018 Catalog 
    
2016-2018 Catalog [ARCHIVED CATALOG]

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ECON 421 - The Public Economy

Units: 3
The economic justification for government is usually based on the inability of markets to achieve certain economic and social objectives. This is often referred to as market failure. Issues connected with market failure include public goods provision, externalities, the income distribution, and more. Examines the ways in which government deals with market failure. Discusses government taxation, transfer payments, and expenditure policies and the effects of these policies on incentives and behavior. Enrollment Requirements: Enrollment Requirement: MATH 132  or MATH 160 , ECON 201  and ECON 202 .



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