Numbering Code	U-ECON00 26122 LJ43	Year/Term	2022 ・ Second semester
Number of Credits	2	Course Type	Lecture
Target Year	From 2nd to 4th year students	Target Student
Language	Japanese	Day/Period	Mon.4
Instructor name	HASEGAWA MAKOTO (Graduate School of Economics Associate Professor)
Outline and Purpose of the Course	In this course, students will learn the basics of public economics. Public economics is a field of applied microeconomics that analyzes the activities and roles of the government with emphasis on government revenue and expenditure. In the class, we will focus on acquiring the theory of public economics, but we will also discuss the empirical research that tests the predictions obtained from the theory of taxation.
Course Goals	The goal is to understand the basic theory of public economics and to become able to apply the public economics theory to analyze and evaluate tax systems and public policy.
Schedule and Contents	Class Schedule 1 Guidance and Review of Basic Microeconomics 2 Market Efficiency 3 The Tax Incidence 4 Tax Inefficiencies and Their Implications for Optimal Taxation 5 Theory of Optimal Commodity Taxation 6 Tax Evasion and Tax Avoidance 7 Midterm Examination 8 Public Goods (1): Optimal Provision of Public Goods 9 Public Goods (2): Voluntary Provision of Public Goods 10 Public Goods (3): Public Provision of Public Goods 11 Externalities (1): Market Failure due to Externalities 12 Externalities (2): Correction of Externality (Pigou Tax, Coase theorem) 13 Application of Externality Theory: Tax Competition, Emissions Trading System 14 Imperfect Competition: Regulation of Monopoly Companies Note: The above is an approximate schedule and may be subject to changes. In particular, please note that the date and time of the midterm examination and the classroom will be communicated again.
Evaluation Methods and Policy	Evaluation is based on midterm exams (40%) and final exam (60%). However, it is subject to active participation in classes, such as asking and answering questions during class.
Course Requirements	It is preferred if students have taken "Introduction to Microeconomics" and "Microeconomics 1." At the very least, the class is conducted on the premise that students have a knowledge of elementary microeconomics (consumer theory and producer theory).
Study outside of Class (preparation and review)	Review the lecture slides and content explained after each class. If there is something you do not understand, ask the instructor during office hours, or please refer to the reference book and try to understand it.
Textbooks	Textbooks/References	Not used. Lecture slides will be distributed. The slides are based on the reference books listed below.
References, etc.	Public Finance and Public Policy, Jonathan Gruber, (Worth; 5th edition, 2015) Public Finance, Harvey Rosen and Ted Gayer, (McGraw Hill; 10th edition, 2013)