Economics: Advanced Public Economics

<p>Are you interested in economic policy and economic instruments and how they can be evaluated? In this course, you will apply economic theories to current societal problems and analyse how these problems may be solved. You will also examine the consequences of interventions in the market economy.</p><p>The course is suitable for those of you who are interested in economic instruments, fiscal policy and the economic policies pursued by the public sector. We draw on microeconomic theory to strengthen analytical skills in relation to economic instruments.</p><p>The course is divided into three blocks:</p><ul><li>Block One: You will discuss the reasons for intervening in the market economy and how such measures should be designed. Topics include policies to address climate change, redistribution and social insurance, responsibility for healthcare, education and infrastructure as well as effective stabilisation policy.<br/><br/></li><li>Block Two: You will analyse how public decisions are made - that is, the political decision-making process - and how this can influence the outcomes of economic policy.<br/><br/></li><li>Block Three: You will examine the financing side, i.e. how the public sector and public welfare should be funded. Particular emphasis is placed on a forward-looking perspective. How do globalisation and technological transformation - through AI, digitalisation and automation - affect the possibilities of financing public welfare? What alternative forms of financing are available?</li></ul>