Master (6 CP) Lecture and Tutorial "Principles of Public Economics"
In this course, students gain a deep understanding of the state's role in the economy. Building on key methods and concepts of public economics, we discuss the scope for and limitations of government intervention in the context of social welfare, market failure, public goods, and externalities. Combining theoretical insights and empirical evidence, we also cover the political economy underlying government action as well as highly debated topics, such as redistribution, social security, and public debt. By participating in this quantitative lecture- and tutorial-based course, students gain command of basic models and methods of analyzing public economic issues as well as the ability to apply this conceptual knowledge to policy issues. They learn how data can be used to corroborate their economic thinking and develop evidence-based policy advice.
The materials for the lecture will be provided via MS Teams. We will provide you with the access code via Jogustine and during the first lecture.
Bachelor (6 CP) Lecture and Tutorial "Behavioral Public Finance"
In the course, fundamental and current financial and economic policy problems are presented and discussed, incorporating both standard economic and behavioral economic models. In the tutorials, quantitative problems related to these topics are solved.
Within the framework of this course, students will:
- be introduced in-depth to the role of the state in a market economy (e.g. taxation, redistribution, and government debt), combining insights from classical economics and behavioral economics.
- develop the ability to analyze and discuss the effects of state activity on the economic and social system, considering the influence of behavioral biases and preferences (e.g., the effects of heterogenous time preferences, social preferences, attention, and social norms).
- acquire the skills to explain state activities and their consequences both verbally and using formal-quantitative methods.
- gain a basic understanding of empirical data for longitudinal and cross-sectional comparisons of state activity, enabling them to conduct independent empirical analyses on economic policy issues based on this foundation.
The materials for the lecture will be provided via MS Teams. We will provide you with the access code via Jogustine and during the first lecture.