A Course in Public Economics [Paperback]

This 2004 textbook explores how markets operate and governments' roles in addressing market failures.This textbook in public economics explores the government's role in the economy. It is intended for third or fourth year undergraduate students and first year graduate students. The core topics covered include markets, externalities, public goods, imperfect competition, asymmetric information and efficiency, and asymmetric information and income redistribution. A knowledge of intermediate microeconomics and basic calculus is assumed. Each chapter contains exercises at the end, whose solutions are available to instructors.This textbook in public economics explores the government's role in the economy. It is intended for third or fourth year undergraduate students and first year graduate students. The core topics covered include markets, externalities, public goods, imperfect competition, asymmetric information and efficiency, and asymmetric information and income redistribution. A knowledge of intermediate microeconomics and basic calculus is assumed. Each chapter contains exercises at the end, whose solutions are available to instructors.Covering core topics that explore the government's role in the economy, this textbook is intended for third or fourth year undergraduate students and first year graduate students. It includes markets, externalities, public goods, imperfect competition, asymmetric information and efficiency, and asymmetric information and income redistribution. A knowledge of intermediate microeconomics and basic calculus is assumed. Each chapter contains exercises at the end, whose solutions are available to instructors. Instructors' resource page: http://socserv.mcmaster.ca/leach/Part I. Markets; Section 2. The Exchange Economy; Part II. Externalities; Section 6. Externalities and Negotiation; Part III. Public Goods; Section 10. Pure Public Goods; Part IV. Imperfect Competition; Section 14. Monopoly; Part V. Taxation and Efficiency; Sectionlói