Examines issues central to majority of the most pressing issues in public affairs: market outcomes, government expenditure programs, and taxation, examines the major strengths and weakness of the market and explore why government involvement is necessary, examines the models welfare economics use to describe optimal patterns of government expenditure and taxation, use the models to analyze real-world problems and programs, and use of both efficiency and equity criteria to evaluate many policies and policy proposals.
- Teacher: CEMDS_Czarina B. Mabborang