Public economics course covers the role and scale of the public sector, including the theoretical basis for state intervention such as correcting market failures and unequal distribution. The course also introduces political economic aspects with the government intervention through public choice theory. Next, we will discuss the expenditure policy of the government, the efficiency and performance of the public sector, budget balance and deficit financing, and the measures to evaluate the government expenditure policy. The next topic is mobilizing public resources through direct and indirect taxes, including the aspects of economics and political economics of tax, income tax, property tax, consumption tax, tax incentives, compliance, enforcement, tax reform, and domestic usage fees. Finally, the course examines budgetary hierarchies and budget relationships among different levels of governments.
The course focuses on applying theory in a comparative context to evaluate the impact of resource mobilization and spending policies on allocative efficiency, social equity and economic stability.