Public Finance

Course Code: 
Spring Semester
Credit Points: 

Course Outline

i. The basic economic problems according to the Neoclassical theory
ii. The economic and political organization according to the Neoclassical theory
iii. Perfect competition
iv. Pareto optimality
v. Market imperfections
vi. The economic functions of the state according to the Neoclassical theory
vii. Public goods
viii. Externalities
ix. Monopolistic situations
x. Income distribution in market economies
xi. Optimum or socially desirable redistribution
xii. Policy for economic stability
xiii. Policy for economic development
xiv. The state in exploitative modes of production, according to the Marxist point of view
xv. Marxist approaches to the forms and functions of the capitalist state

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