Public Economics (Field 4)

EE443 Public Choice

3 (3-0-6)

Prerequisites: EE212 (or EE214) and EE311

This course introduces students to the principles of Public Choice Economics, also known as “Politics without the Romance”. Using the same core assumptions about Homo Economics that guides our analysis of how individuals and firms act and interact in a market, this class will then explore how those same people act in the public sphere. Topics covered will include the paradox of voting, the voting systems and institutional incentives, bureaucracies, rent-seeking, constitutional economics, and more. Both international and Thai case studies will be used to illustrate the limits of government intervention, and the dangers of “government failure”.