Southeast Missouri State University

EC 525. Public Policy Economics.

EC525 Public Policy Economics
Department of Economics and Finance
COURSE SYLLABUS, EC525, Public Policy Economics

Revised in October 1989

I. Catalog Description and Credit Hours of Course

Economic analysis of the functions of government in a market economy. (3)

II. Prerequisite(s)

MA134 College Algebra

EC215 Principles of Microeconomics

EC225 Principles of Macroeconomics

III. Purposes or Objectives of the Course

To examine from an economic perspective the decision making process, the financial sources, and intervention in the market of governments

IV. Expectations of Students

A. Regular class attendance

B. Familiarity with assigned readings

C. Participation in class discussion

V. Course Outline

A. Theories of Government in a Mixed Economy

1. Review of competitive model

2. Market failures

3. Rationale for government intervention

4. Theories of government failure

B. Public Regulation of the Private Economy

1. Regulation of monopoly

2. Anti-trust regulation and merger policy

3. Bureaus

4. Industrial policy

C. Fiscal and Monetary Policy

1. Budgetary policy

2. Tax policy

3. Monetary policy

D. Relationship Between Government and the Economy

1. Political business cycles

2. Government growth

E. Recent Trends in Public Policy

1. Protectionism

2. Nationalization vs. Privatization

F. Current Issues in Public Policy

VI. Textbook(s) and/or Other Required Materials or Equipment

The Politics of American Economic Policy Making, edited by Paul Peretz, M.E. Sharpe, Inc., 1995

VII. Basis of Student Evaluation

Performance on tests and assigned report or project.

Students who receive graduate credit will be expected to complete additional term papers, case studies, or reports.