Introduction to the World of Public Economics
What can you learn in this course?
Several general market failures like externalities or public goods will be defined. Students learn about the appropriate state reaction to these market failures to maximize welfare in society. Last but not least students will be introduced into the concept of exogenous justice.
Outline
1. Market or State: When Should the State Intervene?
2. Public goods
- Introduction
- Optimal Provision and Usage of Public Goods
3. External Effects
- Introduction
- Welfare Effects and Internalisation
- Inframarginal and Fixed External Effects
4. Merit Goods: Market Failure due to Merit Goods
5. Redistribution and Justice
- Exogenous Justice
- Utilitarianism and Justice as Fairness (Rawls)
Course offered by
Prof. Dr. Hanjo Allinger teaches economics at TH Deggendorf and heads the INWISO research institute in Munich. He studied at University of Passau, Exeter University and Harvard University. He received several awards for good teaching, from students and from the Bavarian Minister of Research and Education. He taught at University of Passau, Cologne Business School, University of Applied Management Ismaning, Budapest Business School, Andrássy Gyula University Budapest and State University of Management (SUM) in Moscow.
Further authors
Target group
Everybody interested in questions about how to set up a frame work for economic development, which serves people’s needs. This is what public economics is about.
Confirmation of participation
You can download a certificate of participation if you pass 90 percent of the self-tests included in this course.