A Course in Public Economics
By (author) John Leach
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Course in Public Economics by John Leach
Book DescriptionA Course in Public Economics, first published in 2004, explores the central questions of whether or not markets work, and if not, what is to be done about it. The first part of the textbook, designed for upper-level undergraduates and first-year graduate students, begins with an extended discussion of the two theorems of welfare economics. These theorems show that competitive markets can give rise to socially desirable outcomes, and describe the conditions under which they do so. The second part of the book discusses the kinds of market failure - externalities, public goods, imperfect competition and asymmetric information - that arise when these conditions are not met. The role of the government in resolving market failures is examined. The limits of government action, especially those arising from asymmetric information, are also investigated. A knowledge of intermediate microeconomics and basic calculus is assumed.
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Book DetailsISBN: 9780521535670
(228mm x 152mm x 22mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 10-Nov-2003
Country of Publication: United Kingdom
Books By Author John Leach
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Pitch Perfect, Paperback (December 2003)
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Course in Public Economics, Hardback (November 2003)» View all books by John Leach
This 2004 textbook explores how markets operate and governments' roles in addressing market failures.
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