ECONG202: Public Economics
There are three aims of the module
- Give the students a solid background in in the theory of public finance, as well as models of savings and labor supply
- Give the students an overview of data for conducting PhD theses
- Teach the students modern applied econometrics procedures, including methods to address “natural experiments”, including difference in differences, regression discontinuity, and instrumental variables; as well as “structural estimation”, including GMM and calibration methods.
At the end of the course, students should be able to:
- Estimate a simple labor supply model using both instrumental variables and GMM.
- Use the estimated model to calculate deadweight loss (a key concept of public finance). Understand the different theories of public finance.
- Understand key policy tools that governments use to tax and transfer resources.
Module information video presented by Eric French