Lecture, three hours. Requisites: courses 11, 101, 103. Enforced corequisite: course 130L. Role of government in market economy. Alternative justifications for government intervention. Principles and effects of spending programs (especially social insurance and health), taxation, deficit financing, and federal credit programs. Taxation in open economy. Properties of public choice mechanisms. P/NP or letter grading.

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Course

Instructor
Krop, R.A.
Previously taught
12S 11S

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