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Introduction to Public Finance

Introduction to Public Finance
type: Vorlesung (V)
semester: WS 16/17
time: 2016-10-20
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV


2016-10-27
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2016-11-03
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2016-11-10
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2016-11-17
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2016-11-24
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2016-12-01
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2016-12-08
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2016-12-15
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2016-12-22
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2016-12-29
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2017-01-05
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2017-01-12
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2017-01-19
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2017-01-26
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2017-02-02
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV

2017-02-09
14:00 - 15:30 wöchentlich
20.14 Raum 103.1 20.14 Kollegium am Schloss - Bau IV


lecturer: Prof.Dr. Berthold Wigger
sws: 3
ects: 4,5
lv-no.: 2560131
Prerequisites

None.

Recommendations:

None.

Bibliography

Wigger, B. U. 2006. Grundzüge der Finanzwissenschaft. Springer: Berlin.

Content of teaching

The course Introduction to Public Finance provides an overview of the fundamental issues in public economics. The first part of the course deals with normative theories about the economic role of the state in a market economy. Welfare economics theory is offered as a base model, with which alternative normative theories are compared and contrasted. Within this theoretical framework, arguments concerning efficiency and equity are developed as justification for varying degrees of economic intervention by the state. The second part of the course deals with the positivist theory of public economics. Processes of public decision making are examined and the conditions that lead to market failures resulting from collective action problems are discussed. The third part of the course examines a variety of public spending programs, including social security systems, the public education system, and programs aimed at reducing poverty. The fifth part of the course addresses the key theoretical and political issues associated with fiscal federalism.

Workload

The total workload for this course is approximately 135.0 hours. For further information see German version.

Aim

Students are able to:

  • critically assess the economic role of the state in a market economy
  • explain and discuss key concepts in public finance, including: public goods; economic externalities; and market failure
  • explain and critically discuss competing theoretical approaches to public finance, including welfare economics and public choice theory
  • explain the theory of bureaucracy according to Weber and critically assess its strengths and weaknesses
  • evaluate the incentives inherent in the bureaucratic model, as well as the more recent introduction of market-oriented incentives associated with public-sector reform
  • analyze the strategic implications of public decision making
Exam description

See module description.

Inhalt

The course Introduction to Public Finance provides an overview of the fundamental issues in public economics. The first part of the course deals with normative theories about the economic role of the state in a market economy. Welfare economics theory is offered as a base model, with which alternative normative theories are compared and contrasted. Within this theoretical framework, arguments concerning efficiency and equity are developed as justification for varying degrees of economic intervention by the state. The second part of the course deals with the positivist theory of public economics. Processes of public decision making are examined and the conditions that lead to market failures resulting from collective action problems are discussed. The third part of the course examines a variety of public spending programs, including social security systems, the public education system, and programs aimed at reducing poverty. The fifth part of the course addresses the key theoretical and political issues associated with fiscal federalism.

The course is taught in German. For further details on the lecture please refer to the German website.