The course will focus on a range of topics in public economics including welfare estimation of tax and expenditure policies, including income and commodity taxation, public goods, education, and place-based policies. We will also discuss foundations for government intervention, including market failures such as externalities and asymmetric information. Throughout, the focus will be on using theoretical models to motivate empirical analyses to uncover the desirability of government intervention in the economy and to quantify the welfare impacts of such policies.
The course material and teacher for 2450A and 2450B have flipped relative to previous years. This fall 2450A course will be very similar to the 2450B course taught in Spring 2018. The Spring 2019 2450B course will be taught by Professor Stantcheva and will be similar to the material covered in 2450A in Fall 2017