Public Expenditure Analysis
This is a companion course to Public Finance 90-736, and is designed to deal with the expenditure side of the public sector budget in a series of modules. It is conceptualized as a blending of private and public capital budgeting principles. The course is divided into 3 modules. In Module 1, the course develops the essential techniques of private sector evaluation principles. In Module 2 special problems which arise in the evaluation of public sector projects are discussed such as shadow pricing, pricing of externalities, the social rate of discount; a variety of evaluation techniques and applications especially suited to public sector projects are then examined. In Module 3 evaluation at a high level of aggregation is dealt with through the use of generational accounting and macro-economic models. These models are examples of aggregate long and short-term public evaluation problem areas typically dealt with by national governments. The course presumes that the student has had courses in microeconomics and economic statistics, owns a calculator, and is familiar with the use of spreadsheet package such as Excel on a personal computer.
More information about the course can be found at: http://www.andrew.cmu.edu/user/rs9f/public_expenditure_analysis.pdf