Public Economics

15 points

Not offered 2021, offered in 2009, 2011, 2012, 2013, 2014

For further information see Department of Economics and Finance


The application of economic tools and methodology to the study of public decision-making. Why do we have government? How can we aggregate individual preferences to make social choices? How might political institutions influence such aggregation? In addressing these questions, topics examined include: the emergence of government; the effects of legislative structures on outcomes; the role of interest groups as compared to that of the median voter; rent-seeking; bureaucracy; regulation; and the size and scope of government.