Public Economics (Field 4)

EE441 Economics of Public Expenditure

3 (3-0-6)

Prerequisites: EE212 (or EE214) and EE311

The course covers the role of the government in the allocation of resources for the public sector of the economy. Topics covered will include government (national and local) outlays and budgets, the provisions of public goods and the regulation of market failures. The role of the government’s budget processes in providing macroeconomic stability, growth and income redistribution. This analysis also includes fiscal decentralization (the budget allocation of local governments). The application of these tools to selected contemporary topics such as social security, cost-benefit analysis, healthcare and education financing will also be covered.