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A course in public economics /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	A course in public economics // John Leach.
Author:	Leach, John,
Description:	1 online resource (xx, 413 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 18 Jul 2016).
Subject:	Economics. -
Online resource:	https://doi.org/10.1017/CBO9780511754180
ISBN:	9780511754180 (ebook)

A course in public economics /
Leach, John,1952 April 5-

A course in public economics /John Leach. - 1 online resource (xx, 413 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 18 Jul 2016).

Introduction --

A Course in Public Economics, first published in 2004, explores the central questions of whether or not markets work, and if not, what is to be done about it. The first part of the textbook, designed for upper-level undergraduates and first-year graduate students, begins with an extended discussion of the two theorems of welfare economics. These theorems show that competitive markets can give rise to socially desirable outcomes, and describe the conditions under which they do so. The second part of the book discusses the kinds of market failure - externalities, public goods, imperfect competition and asymmetric information - that arise when these conditions are not met. The role of the government in resolving market failures is examined. The limits of government action, especially those arising from asymmetric information, are also investigated. A knowledge of intermediate microeconomics and basic calculus is assumed.

ISBN: 9780511754180 (ebook)Subjects--Topical Terms:

555568
Economics.

LC Class. No.: HB171.5 / .L372 2004

Dewey Class. No.: 330

A course in public economics /
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505 0 0 $t Introduction -- $t The Exchange Economy -- $t An Algebraic Exchange Economy -- $t The Production Economy -- $t Consumer and Producer Surplus -- $t Externalities and Negotiation -- $t Permit Trading -- $t Renewable Common Property Resources -- $t Co-ordination Failures -- $t Pure Public Goods -- $t Two Examples of Pure Public Goods -- $t Impure Public Goods -- $t The Link between Public Goods and Externalities -- $t Monopoly -- $t Pricing Rules under Imperfect Competition -- $t Taxation -- $t The Welfare Cost of Tax Interactions -- $t The Theory of the Second Best -- $t Asymmetric Information -- $t Preference Revelation -- $t Regulation of a Natural Monopoly -- $t Other Examples of Asymmetric Information -- $t The Distribution of Income -- $t The Limits to Income Redistribution -- $t Redistributing Income through Tagging and Targeting -- $t The Role of Government in a Market Economy.
520 $a A Course in Public Economics, first published in 2004, explores the central questions of whether or not markets work, and if not, what is to be done about it. The first part of the textbook, designed for upper-level undergraduates and first-year graduate students, begins with an extended discussion of the two theorems of welfare economics. These theorems show that competitive markets can give rise to socially desirable outcomes, and describe the conditions under which they do so. The second part of the book discusses the kinds of market failure - externalities, public goods, imperfect competition and asymmetric information - that arise when these conditions are not met. The role of the government in resolving market failures is examined. The limits of government action, especially those arising from asymmetric information, are also investigated. A knowledge of intermediate microeconomics and basic calculus is assumed.
650 0 $a Economics. $3 555568
650 0 $a Economics $x Mathematical models. $3 560849
650 0 $a Economics $3 561664
650 0 $a Economic policy. $3 555567
650 0 $a Capitalism. $3 558197
650 0 $a Public goods. $3 575929
776 0 8 $i Print version: $z 9780521828772
856 4 0 $u https://doi.org/10.1017/CBO9780511754180