The analysis of public policy implemented through public budgets. Expenditure topics include public goods, externalities, social welfare, income distribution, and benefit-cost analysis. Revenue topics include the incidence, neutrality, revenue productivity, and equity of alternative taxes. ECO405 Analysis of the economic criteria for regulatory policies and the effects of regulation in various sectors of the economy. Study of empirical works that demonstrate how economic theory is implemented in practice.
Areas covered include consumption, production, wage and employment, monetary and fiscal policies.
Students who have at least junior status and satisfy the department s prerequisites may apply to serve as undergraduate teaching assistants for ECO181-182 and other approved courses. Under the supervision of the professor, undergraduate teaching assistants lead discussion sections for the courses and receive 3 credits. Development of an individual project of inquiry into an area of economics of particular relevance to student s interest.