Economics (अर्थशास्त्र) Fourth Semester (M.A Fourth Semester)
Public economics (or economics of the public sector) is the study of government policy through the lens of economic efficiency and equity. Public economics builds on the theory of welfare economics and is ultimately used as a tool to improve social welfare. Public economics provides a framework for
Public Economics - II
This course covers theory and evidence on government expenditure policy– topics include: The theory of public goods; Education; State and local public goods; Political economy; Redistribution and welfare policy
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Subject-Wise High Quality Lectures by Experts
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Accompanying Content for Each Lecture
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Lecture-Wise Multiple Choice Questions for Each Subject
This subject encompasses a host of topics notably market failures such as, public goods, externalities and Imperfect Competition, and the creation and implementation of government policy. Broad methods and topics include: 1. the theory and application of public finance 2. analysis and design of public policy 3. distributional effects of taxation and government expenditures 4. analysis of market failure and Emphasis is on analytical and scientific methods and normative-ethical analysis, as distinguished from ideology. Examples of topics covered are tax incidence, optimal taxation, and the theory of public goods. The role of government in providing efficient and equitable markets is largely underpinned by addressing market failures that may arise. Public Economics focuses on when and to what degree the government should intervene in the economy to address market failures. Some examples of government intervention are providing pure public goods such as defense, regulating negative externalities such as pollution and addressing imperfect market conditions such as asymmetric information Public Sector Economics examines the impacts of government revenue, expenditure, and investment decisions. Areas of emphasis include tax policy, education, transportation, poverty and welfare, delivery of public services, and economic development. To visualize the public good's characteristic of non-excludability, it would be the inability to build a fence, barrier or wall that would block the good from consumption. In the modern era, digital replication allows several goods to be non-rivalry; since, people from all over the world can access it if you have access to the internet and a device.
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