This course introduces students to public sector economics, or rather the role of the state in the functioning of the economic system. The course focuses on theoretical aspects of public sector economics, as well as a number of topics related to the everyday application of the theory.
1. Introduction to public sector economics.
2. Public sector in a market economy
3. Market efficiency and market imperfections
4. Public goods and private goods provided by the public sector
5. State intervention
6. Public election
7. Privatization of the public sector
8. Externalities and environment
9. Cost-benefit analysis
10. Health care
11. Defense and technology
12. Programs of social assistance and redistribution of national income,
13. Education
1. Apply economic theory and methods to specific aspects of the economy of the public sector, their critical review and independent conduct of economic research in this area;
2. Examine the main forms of market failure and independently present conclusions;
3. Assess the main instruments that mitigate market failures and establish principles for their optimal application;
4. Assess the impact of state intervention on efficiency and equality;
5. Assess the limitations of state intervention, i.e. state failure.
