Public Economics D16 7.5 credits
About the course
The course focuses on different kinds of market failures that arise when the conditions for first best socially desirable outcomes in market economies are not met. Externalities, the existence of public goods, and the problems of asymmetric information and the appropriate design of taxes to address these failures will be discussed.
The course is organized as follows:
- The fundamental theorems of welfare economics
- Externalities
- Public Goods
- Asymmetric Information and Efficiency
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