This course offers a general introductory survey of the field of public finance. The topics include: when market fail, methods of government intervention, program and project evaluation, major state and local taxes and their effects, and financial relations. Study the productive and allocate role of government and of other aggregations of individuals, as well as the interaction among politics, economics and ethics. Course includes welfare economics, the theory of public goods, collective choice problems, cost-benefit analysis, and governmental public finance. Analyze of the equity and efficiency effects of major taxes, including the personal income tax, the corporate income tax and the social security tax.

The objective of this course is to examine the role of economic analysis in the strategy, evaluation and implementation of public policy. Public finance issues are paramount to economic and political discourse all over the globe, as one of the primary roles of the government is to generate resources from its people to spend the money raised for the benefit of the people. The primary course objective is to provide the students with the tools, and the skills to master these tools, in order to understand the underlying concepts entailed in public finance.