Economic Policy

Content

This course identifies the main causes for market failures and discusses possible policy measures to correct them. We cover the following topics: efficiency of competitive markets, market power, public goods and externalities, asymmetric information, tax incidence and the excess burden of taxation.

References

• Stiglitz, J. E. (2000): Economics of the Public Sector. 3rd edition, Norton: New York.
• Further literature will be announced during the semester.