Non-Fiction Books:

A Course in Public Economics

Format

Hardback

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A Course in Public Economics by John Leach
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Description

A Course in Public Economics explores the central questions of whether or not markets work, and if not, what is to be done about it. The first part of the textbook, designed for upper-level undergraduates and first-year graduate students, begins with an extended discussion of the two theorems of welfare economics. These theorems show that competitive markets can give rise to socially desirable outcomes, and describe the conditions under which they do so. The second part of the book discusses the kinds of market failure - externalities, public goods, imperfect competition and asymmetric information - that arise when these conditions are not met. The role of the government in resolving market failures is examined. The limits of government action, especially those arising from asymmetric information, are also investigated. A knowledge of intermediate microeconomics and basic calculus is assumed.
Release date Australia
November 24th, 2003
Author
Country of Publication
United Kingdom
Illustrations
3 Tables, unspecified; 59 Line drawings, unspecified
Imprint
Cambridge University Press
Pages
434
Dimensions
183x254x28
ISBN-13
9780521828772
Product ID
1901363

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