PAF 3103 Economics of the Public Sector
3 hours; 3 credits

The focus of this course is on the role of the government in the economy. It addresses the reasons for and consequences of government intervention, including the theoretical and empirical examination of whether and when intervention improves economic efficiency and social welfare. Students will learn about and analyze education and environmental policies, social insurance programs such as Social Security, social welfare, income and property taxation, and other means of financing government activities.

Prerequisite: PAF 3102