PUBLIC SECTOR ECONOMICS

ECONOMICS 411-Spring 2020

Course Schedule, Announcements and Related Material

Lecture PowerPoint

The schedule reviews material that has been covered in previous classes and topics to be addressed in the upcoming lectures.

TENTATIVE:  The schedule will be revised periodically.

Month

Day

 

Coverage

January

22

Wednesday

First Class--introduction and procedural details (Ch. 1)

January

27

Monday

What is public finance and how does it relate to economics in general? (Ch. 1-2)

January

29

Wednesday

The role of the market and the role of government and the growth of government (Ch. 2) Big Government Is Bigger Than You Think  and  The "True" Size of Government--2003)

February

3

Monday

The role of the market and the role of government; Define efficiency  (Ch. 3- pp. 46-49 and 545-549)

February

5

Wednesday

Private and public goods: efficiency and equilibrium, Ch. 4

February

10

Monday

Public goods continueFund Raising in Vermont

February

12

Wednesday

Public goods continue. Sharing the Cost of Defense Spending,

February

17

Monday

Externalities (Ch. 5) Coase: Nobel Prize Citation, Road Pricing in Stockholm, Congestion Pricing in London, Market-Based Approaches to Environmental Policy, Quick Facts on Cap-and-Trade Policies to Reduce Carbon Emissions

February

19

Wednesday

Complete externalities.  Government Failure versus Market Failure: Microeconomics Policy Research and Government Performance; Cap and Trade in California

February

24

Monday

Public choice (Ch. 6) Pliny, Voting and Impeachment, James Buchanan: Nobel Prize Citation, and Amartya Sen: Nobel Prize Citation 

February

26

Wednesday

Public choice.

March

2

Monday

Conclude public choice and begin benefit-cost analysis (Ch. 8)  Review

March

4

Wednesday

Conclude benefit-cost analysis. Begin redistribution  (Ch. 12)
March

5

Thursday

FIRST EXAMINATION, Coverage: Chapters 1-6.  7-9:00 pm. 

March

9

Monday

No Class--Compensation for out-of-class exam

March

11

Wednesday

No Class--Compensation for out-of-class exam

March

16

Monday

No Class--Spring Vacation

March

18

Wednesday

No Class--Spring Vacation

March

23

Monday

Redistribution  (Ch. 12) How Are We Doing? , Class Action:  The Causes and Consequence of Increasing U. S. Inequality, Economic Inequality in the United States

March

25

Wednesday

Redistribution programs for the poor (Ch. 12)  Piketty's Inequality Story in Six Charts-New Yorker, Income Inequality: Evidence and Policy Implications, Emmanuel Saez

March

30

Monday

Conclude redistribution. Education (Ch. 7) Hanushek-Petereson Discusion, Hoover Inst. Begin health care (Ch. 9-10) Healthcare reform debate in the United States--Wikipedia

April

1

Wednesday

Continue health care.

April

6

Monday

Conclude health care (Ch. 9-10).  Social security (Ch. 11) Rates of Return from Social Security, Has Social Security Ever Been Raided-Interview with Robert Reischauer  Report of Presidential Social Security Commission,  Perspectives from the President�s Commission on Social Security Reform Invest social security, but don�t privatize--Modigliani and Can The Stock Market Save Social Security? , Brookings PanelSocial Security Reform Forum--Audio and Visual  

April

8

Wednesday

Conclude social security.   Review for exam.

April

13

Monday

Introduction to taxation. (Ch. 14-16)  Unusual Taxes

April

15

Wednesday

Continue introduction to taxation.

April

20

Monday

Iindividual income tax (Ch. 17-18) and supplementary on reserve: Slemrod and Bakija, and  If Americans Really Understood the Income Tax,  Income Tax Burdens by Income, First Income Tax Return: Economic Report of President--Tax Chapter 2006 and Taxes in the 1940s
April 21 Tuesday SECOND EXAMINATION  Coverage: Chapters 7-13.   7-9:00 pm. 

April

22

Wednesday

Conclude individual income taxation. 

April

27

Monday

Corporate and business taxation (Ch. 19)  Why Tax Corporations?  Consumption taxes including expenditure taxes and general sales taxes (Ch. 21).

April

29

Wednesday

No Class--Compensation for out-of-class exam
May 4

Monday

Consumption taxes including  general sales taxes, value added taxes, and specific excises  (Ch. 21).
May 6

Wednesday

LAST CLASS: Consumption taxes including  (Ch. 21)  Review
May 14

Friday

FINAL EXAM  Chapters 14-19 and 21, 1:30-4:30 p.m.

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