https://at-ceu.studyguide.timeedit.net/modules/DOPP5292?type=COREThis course provides an introduction to modern public economics. The course begins with the presentation of the basic set of analytical tools used by economists in treating public economics issues and critically examines the rationale for public (governmental) intervention in competitive markets - to provide public goods, deal with externalities, promote social justice, etc. We will evaluate the evolution of states' fiscal capacities and then critically examine the efficiency effects of taxation and study the optimal methods of raising public revenues through taxation. Once the tools of analysis are presented and the role of taxation in the economy has been established, we evaluate public policy responses to the externality problem within the context of environmental policy. The public choice view of regulation is also introduced. Political economy issues will be central to the class; while the economist may be quick to point out where public policy can be welfare-enhancing, the implementation of policy must work through the machinery of democracy. Special attention is paid to economic inequality, both as an important determinant of political dynamics and as an outcome of the policy-making process. The course will consider the role of non-institutionalized forms of political participation in influencing public policy outcomes.Part of Governance specialization for MAPP and MPAPart of both the Democracy and the Policy track courses for MAIPA