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Aim: The role of state in economy, state interventions. Public sector and state functions in economy: legislative, macroeconomics regulation, redistribution, allocation. Public sector size, public sector size measurement, public sector size trends.Redistribution: economics and social core of redistribution. Allocation: Pareto optimum. Microeconomics analysis of market failure I: incomplete markets, incomplete information, utility maximalization problem. Microeconomics analysis of market failure II: Public goods. Externalities. Monopoly. State failure. Bureaucracy theory. Public choice theory. Public choice failure.  

More information about this course you can find in lms system Moodle 2