Public Finance: Theories and Cases

90-706

Units: 12

Description: This course builds on the methods and techniques covered in Policy Analysis I. The first half concentrates on elaboration of a theoretical framework for policy analysis. This requires a considerable reading load consisting of both theory and cases for analysis. The second half of the subject is devoted to some specific aspects of the policy analysis process. This allows us to apply theories to issues such as causation in behavioural theory; the special challenges presented by environmental and infrastructure issues; policy and regulatory practice, including agency capture; and public private partnerships. The final two classes deal with two big issues: Acemoglu’s theory on why nations fail; and the debate on inequality. At the end of this class, the students should be able to accomplish the following: • Critically evaluate policy recommendations using standard tools of policy analysis; • Prepare a sound, evidence-based policy advice and understand the limitations of the use of evidence in policy-making • Apply normative and political theory to policy-making • Research policy using a wide range of sources • Apply policy analytic techniques to complex issues such as environmental policy; public private partnerships; health policy interventions; and policy for addressing inequality

Syllabus: 90-706_448.pdf