Public Economics: Market failures and the Coase theorem #3
First week lecture of online HSE course «Public Economics» at Coursera.
Full course: https://www.coursera.org/learn/public-economics
HSE online courses catalogue: http://elearning.hse.ru/en/mooc?utm_source=youtube&utm_medium=desription&utm_campaign=coursera
About the Course:
This course offers an introduction into the public economics theory and gives a bird’s-eye view of central themes of public economics and related disciplines, and teach concepts, logic, and ideas, rather than methods of analysis, which would require an entirely different course format.
The central theme of the course is the role of government as a mechanism of resource allocation which complements and augments markets. Governments are viewed as public agencies set to correct market failures. Such agencies however are prone to failures of their own, and hence markets and governments are two imperfect alternatives. So the main themes of this course are economics of taxation, regulation, politics of public economics, incentives in government, and government vis-à-vis (civil) society.
Leonid Polishchuk, Professor, Department of Applied Economics, HSE
© HSE: http://www.hse.ru/en?utm_source=youtube&utm_medium=desription&utm_campaign=coursera