Public Finance
General
Prefix
ECON
Course Number
460
Course Level
Undergraduate
Department/Unit(s)
College/School
Herberger Business School
Description
The role of government in the economy: public revenues and expenditures, tax structure, inter-governmental fiscal relations, fiscal policy, and public debt management.
Prerequisites
Credits
Min
3
Max
3
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
Analyze the operation of the private markets focusing on situations involving market failure (externalities and public goods), and propose alternative government interventions to restore efficiency.
Outcome
Examine the political decision making process, exploring alternative decision rules and evaluating the resulting outcomes.
Outcome
Appraise the economic impact of government policies such as taxes, subsidies, transfers, and expenditures on private market prices, quantities, and efficiency.
Outcome
Evaluate the impact of social security, income support or welfare programs, public education, public health and other specific programs on economic behavior (e.g. incentives to work, retire, save, attend school and other choices).
Outcome
Demonstrate how different taxes (income, sales, property, etc.) undermine efficiency and impact economic growth, and debate appropriate methods of financing government activity.
Dependencies
Programs
ECON460
is a
completion requirement
for: