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ECĀ 406 Public Finance 3 Cr.

An investigation of the effects of government expenditures and revenues on the efficiency of resource allocation and the equity of the income distribution. Topics covered include public goods, externalities, benefit-cost analysis, the structure of major taxes and expenditure and tax incidence. Cross-listed with ECON 401; not permitted to earn credit for both EC 406 and ECON 401.Prerequisites: EC 201, EC 202. (Occasionally).