TAILIEUCHUNG - Lecture Public economics (5th edition) - Chapter 16: Public debt and debt management

Learning objectives of this chapter include: Define public debt; describe salient characteristics of the size, composition, and nature of public debt in South Africa; explain and compare different theories of public debt and evaluate them critically; argue the relative merits of debt and tax financing of government expenditure; define public debt management; identify and describe the different types of public debt cost; identify the goals of public debt management and discuss their pursuance, with special reference to South Africa. | OXJORD UNIVERSITY PRESS SOUTHERN AFRICA Public Economics Chapter 16 Public debt and debt management Oxford University Press Southern Africa Pty Ltd 2011 Learning outcomes Define public debt Describe salient characteristics of the size composition and nature of public debt in South Africa Explain and compare different theories of public debt and evaluate them critically Argue the relative merits of debt and tax financing of government expenditure Define public debt management Identify and describe the different types of public debt cost Identify the goals of public debt management and discuss their pursuance with special reference to South Africa. Oxford University Press Southern Africa Pty Ltd 2011 OXFORD UNIVERSITY PRESS SOUTHERN AFRICA The concept of public debt Public debt may be defined as the sum of all the outstanding financial liabilities of the public sector in respect of which there is a primary legal responsibility to repay the original amount borrowed sometimes called the principal of debt and to pay interest sometimes called debt servicing . Treasury bill Government bonds Zero-coupon bonds. OXFORD UNIVERSITY PRESS SOUTHERN AFRICA Oxford University Press Southern Africa Pty Ltd .

• Kinh tế học
• Public economics
• Lecture Public economics
• Public debt
• Debt management
• Debt servicing
• Financial credibility
• Public expenditure
• Public growth
• Public goods
• Government expenditure patterns
• Public sector in the economy
• The goverment in the market
• Public sector resource
• General government consumption
• Negative externalities
• Transaction costs
• Cap and trade programmes
• Public choice theory
• Unanimity voting rule
• Rawlsian experiment
• Majority voting
• Tax equity
• Public services
• Inflation taxation
• Public finance
• Lecture Public finance
• Public sector economics
• Federal government
• Legal framework
• Local governments
• The corporation tax
• Federal system
• Fiscal federalism
• Education Increase Earnings
• Public education
• Public education improves quality
• Benchmark model of the economy
• Benchmark model assumptions
• Allocative efficiency
• Economic growth
• Imperfect competition
• Monopoly competition
• Natural monopoly
• Competition policy
• Social welfare
• Social equity
• Welfare improvement
• Nozick’s entitlement theory
• Fisnical policy
• Social policy
• Poverty and inequality
• South Africa
• Cost benefit analysis
• Private benefits
• Private costs
• Monetary profits
• Tax efficiency
• Administrative efficiency
• Tax flexibility
• Excess burden
• Income taxation
• Comprehensive income tax
• Personal income tax
• Company tax
• Taxation of wealth
• Personal wealth
• Wealth tax base
• Taxing personal net wealth
• Taxes on goods
• Taxes on services
• Tax reform
• Indirect taxes
• Fiscal policy
• Passive fiscal policy
• Fiscal activism
• Tiebout model
• Fiscal decentralisation
• Fiscal centralisation
• Economics today
• The nature of economics
• Public spending
• Public choice
• Funding the public sector
• Consumer choice
• Principles of economics
• Lecture Principles of economics
• Tax policy
• Government decisions
• Housing economics and public policy
• Housing economics
• Public policy
• Macro economy
• Housing markets