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FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES / PUBLIC FINANCE / MLY3001 - PUBLIC ECONOMY
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Course Objective
This course is designed to understand the basic concepts of public economics, the functions of the public sector, and the reasons for market failures. It aims to provide students with the ability to comprehend the role of the public sector in the economic system by examining public economics from the perspectives of efficiency and equity.
Brief Content of the Course
This course examines the origins, development, and scope of public economics, along with its functions. It analyzes factors that determine the size of the public sector by addressing topics such as market failures, welfare economics, public goods, externalities, and asymmetric information. In the final part of the course, public policies like privatization and regulation are evaluated.
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Course Objectives
Course Objectives
1
To learn the basic concepts and functions of public economics.
2
To analyze the principles of market failures and welfare economics.
3
To critically evaluate the efficiency and equity aspects of the public sector.
4
To examine efficiency models in the production and distribution of public goods.
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