TAILIEUCHUNG - Lecture note Public finance (10th Edition) - Chapter 1: Introduction

In this chapter, the following content will be discussed: Defining the field of study, public finance and ideology, government at a glance: the legal framework, the mechanistic view vs. organic view of government, the . constitution outlines the roles of and constraints placed on state, and federal government economic activity. | INTRODUCTION Chapter 1 Defining the Field of Study Public Finance – Field of economics that analyzes government taxation and spending activities. Public Sector Economics or Public Economics Terms that better capture the fundamental issues of this field of economics - government’s role in the allocation of real resources - that includes, but is not limited to, government’s financial behavior. Focus on microeconomic functions of government. 1- Public Finance and Ideology Organic view of government Society is a natural organism Government is the heart. Individuals are parts of the organism that have significance only as part of the community, which is stressed above the individual. Mechanistic view of government Government is not an organic part of society, but created by individuals for individuals. Libertarians vs. Social Democrats: Role of government 1- Government at a Glance: The Legal Framework Federal Government: Constitutional Provisions Article 1, Section 8 .

• Tài chính doanh nghiệp
• Public finance
• Lecture Public finance
• Public Economics
• Public sector economics
• Legal framework
• Local governments
• Federal system
• Fiscal federalism
• Public expenditure
• Public good
• Public spending
• Public education
• Tiebout model
• Federal government
• The corporation tax
• Tax equity
• Public goods
• Public services
• Inflation taxation
• Education Increase Earnings
• Public education improves quality
• Interpreting deficit
• Burden of the debt
• Neoclassical model
• Political economy
• Median voter model
• Special interest
• Public economy
• Market mechanism
• Coase Theorem
• Public Responses
• Public employees
• Representative democracy
• Tools of positive analysis
• Positive analysis
• Empirical work
• Normative analysis
• Tools of normative analysis
• Welfare economics
• Nature of externalities
• Graphical analysis
• Cost benefit analysis
• Internal rate
• Benefit cost ratio
• Health care market
• Social insurance
• Risk pooling
• Moral hazard
• Market for health care
• Private health insurance
• Health insurance
• Social security
• Benefit structure
• Savings behavior
• Income redistribution
• Distributional dataissues
• Income inequality
• Expenditure programs
• Expenditure programs for the poor
• Work incentives
• Income distribution
• Tax incidence
• Partial equilibrium models
• Tax on consumption bundle
• Excess burden
• Demand curves
• Equitable taxation
• Optimal commodity taxation
• The ramsey rule
• Personal income tax
• Haig simons income
• Capital gains
• Personal taxation
• Human capital accumulation
• Labor supply