Public Finance

AY2014/2015 Semester 1

This course uses the tools of microeconomic analysis to study the rationale for government intervention, the areas of intervention and the sources of public financing. Topics include the theory of public goods; externalities; natural monopolies; cost-benefit analysis of government projects; social expenditure programmes; principles of taxation; personal and corporate income taxes; consumption taxes; implications of tax policies for efficiency and equity; deficit financing; Singapores budgetary policies.