Public Sector in Contemporary Economy 2400-M1ESPSP
1. Welfare economics as the theoretical base of public sector economics.
2. Main assumptions of the theory of public expenditures.
3. Evaluation of the efficiency of public projects. The cost and benefit analysis of public programs.
4. The impact of public revenues and spendings on long term economic growth
5. Fiscal imbalances and their impact on macroeconomy in the short and long run
6. The effectiveness of budget institutions in limiting public sector imbalances
7. Fiscal adjustments in OECD countries - lessons for the future
8. Public goods provision using the Public Private Partnership
9. The size of the public sector and its reforms.
10. Conflicts between public and private sectors.
11. Public sector in European Union and Union’s policy towards national public sectors.
Type of course
Learning outcomes
Upon the course completion a student is able to analyse public secor policy and discuss its possible economic consequences. The student is able to provide an explanation for on one hand the need of public sector intervention, and on the other, of its undesirable economic effects. She or he can also analyze projects of public sector's reforms, showing their weak and strong points.
Assessment criteria
The evaluation of learning outcomes achieved by a student is done through a written exam.
Bibliography
Atkinson A.B. (1999), The Economic Consequences of Rolling Back the Welfare State, The MIT Press
Auerbach A.J., M.S. Feldstein (eds.), Handbook of Public Economics, Elsevier, North-Holland
Barro R. “Government Spending in a Simple Model of Endogenous Growth”. Journal of Political Economy vol. 98(5), 1990.
Kopits G., Symansky S., “Fiscal Policy Rules.” IMF Occasional Paper 162, International Monetary Fund, Washington, 1998
Perotti R., Kontopoulos Y, “Fragmented fiscal policy”. Journal of Public Economics, vol. 82, 2002
Stiglitz J.E. (2000), Economics of the Public Sector, W. W. Norton & Company
Additional information
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