EC-421 Public Finance
The theory of tax policy and tax structure. The effects on economic behavior (including labor supply, saving, risk-taking and investment, charitable giving, and growth) of different taxes (income, sales, value-added, inheritance, wealth, property). Tax equity, efficiency and incidence, in the United States and in comparative perspective. Additional topics include modeling state taxes; social security and pensions; and tax compensation. Normally offered every other year.
Prerequisite
Student has satisfied all of the following Student has completed any of the following course(s) EC 101 - Applied Microeconomics, EC 103 - Using Big Data to Solve Economic and Social Problems And Student has satisfied all of the following Student has completed all of the following course(s) EC 102 - Global Macroeconomics