The schedule of lectures:
Public goods definitions and properties
Why we need government and why we don?t need it. Failures of government.
Role of government in economy.
Theories of government growth.
Optimal provision of public goods vs private goods, Samuelson condition (incl. Microeconomic review & Game Theory review (Pareto optimum, Nash Equl. etc)) (1/2)
Optimal provision of public goods vs private goods, Samuelson condition (incl. Microeconomic review & Game Theory review (Pareto optimum, Nash Equl. etc)) (2/2)
Case study - assessment of efficiency of a specific governement program (1/2)
Case study - assessment of efficiency of a specific governement program (2/2)
Lindahl equilibrium, Neutrality Thm, free rider problem
Mechanism design. Clarke Groves Mechanism (discretionary and continuous case)
Mechanism design - other examples
Externalities and responses ? Pigouvian Taxes, subsidies, mergers.
Externalities and responses ? Coase Thm., regulations, cap & trade systems.
Congestion, common resources, rat race.
The sources and forms of the public sector revenues . Tax system in Poland and the EU countries. Tasks of public sector / government (categories of expenditures)
Public sector deficit. Public debt, instruments of debt financing, debt management strategy.
Macroeconomic and operational risks associated with public debt. Economy vulnerability to fiscal crisis.
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