Academics

Public Economics

Course Number: 
GAFL 621
Instructor: 

Semester: 

  • Fall 2017
Course Format: 
On-Campus
On-Campus
On-Campus Day(s): 
Tuesday
Thursday
On-Campus Time: 
1:30pm-3:00pm
Course Description: 

This course provides students with the knowledge required to understand government operations in relation to the market economy. In theory of supply and demand, students explore the pricing mechanism, price elasticity, and the effects of price controls on markets. Efficiency is examined in connection with competition and again in connection with equity, and market failure is considered as a reason for government intervention. Cost-benefit analysis is examined in the context of selecting among public investment alternatives. The course also assists students in addressing issues connected with local public goods and economic development.

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Contact Information

Fels Institute of Government
University of Pennsylvania
3814 Walnut Street
Philadelphia, PA 19104

Phone: (215) 898-2600
Fax: (215) 746-2829

felsinstitute@sas.upenn.edu