Universität Wien

040923 KU Public Economics (2022S)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

*Meetings will be held synchronously, online or in hybrid format, depending to regulation in place during the covered period.*

Donnerstag 03.03. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Freitag 04.03. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 10.03. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Donnerstag 17.03. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Freitag 18.03. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 24.03. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Freitag 25.03. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 31.03. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Freitag 01.04. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 07.04. 11:30 - 13:00 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Freitag 08.04. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 28.04. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Freitag 29.04. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 05.05. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Freitag 06.05. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 12.05. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Freitag 13.05. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 19.05. 11:30 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Freitag 20.05. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Freitag 27.05. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 02.06. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Freitag 03.06. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 09.06. 11:30 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Freitag 10.06. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Freitag 17.06. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 23.06. 11:30 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
Freitag 24.06. 13:15 - 14:45 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Montag 29.08. 16:45 - 18:15 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

*Prerequisites:*

Some familiarity with game theory and microeconomics will be expected.

The necessary game theoretical background can be met by studying Gibbons’ A Primer in Game Theory, Chapter 1, Sections 1.1 and 1.2. or weeks 1 and 2 of the Coursera lecture from the University of British Columbia (Jackson et al, Game Theory).

Students who studied microeconomics at an advanced undergraduate level (esp. consumer theory, producer theory, and walrasian equilibrium) should have the necessary background. Some specialized concepts from consumer theory will be used extensively: income expansion path (a.k.a. wealth expansion path), price offer curve, compensated demand function, Slutsky equation, equivalent and compensating variations. You find all of these in, e.g., Varian’s Microeconomic Analysis, chapters 7 to 10, or in Mas-Colell, Whinston, and Green’s Advanced Microeconomics, Chapters 2 and 3.

*Course Outline:*

When asked to pin down the optimal size of governement or list out optimal changes in activities of the public sector, economist rarely agree. One reason is that such questions are too ambitious for economists: they not well covered by the existing economic toolbox. Another reason is that economists do not all agree on the set of values that can legitimize state intervention. For instance, some take Pareto efficiency to be the only legitimate ground. Others factor in distributive justice or paternalism.

In this class we will illustrate and discuss some public sector related questions that can actually be addressed by making use of the standard microeconomics toolbox (game theory, consumption and production theory, equilibrium theory). We will also formalize important economic arguments for and against specific types of state intervention, and connect these to the value judgments they explicitely or implicitely involve.

Following usual approaches, we will keep the analysis of government activities and that of government finances separate. Both will be analyzed in this course.

Art der Leistungskontrolle und erlaubte Hilfsmittel

The assessment will be based on two extended homeworks (20pts each) and a final exam (60pts).

Mindestanforderungen und Beurteilungsmaßstab

The grading will then be as follows:
85-100 points, 1
70-85 points, 2
60-70 points , 3
50-60 points, 4
less than 50 points, 5.

A positive evaluation requires students to achieve a pass grade (4) and to actively attend the seminar. Two unauthorized absences will be excused.

Prüfungsstoff

*Part I – Efficiency*
I.a. Financing the state: efficiency costs of taxation.
I.b. Justifying state intervention: public goods and externalities.

*Part II – Distributive Justice*
II.a. Financing the state: tax incidence.
II.b. Justifying state intervention: redistribution.

Literatur

Readings will be made available on MOODLE in due time. All assigned readings will be in English.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Di 02.08.2022 08:47