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Economics of Public Expenditure EAE 201

KSh200.00

Number of Pages: 87 Pages
File size: 1.29 MB
Suitable for: Certificate, Diploma, University and Professional Courses

COURSE CONTENT

1: INTRODUCTION TO PUBLIC SECTOR ECONOMICS

  • Definition of Public Sector
  • Importance of the Public Sector
  • Measuring the size of public sector

2. OVERVIEW OF WELFARE ECONOMICS

  • Meaning of welfare economics
  • Pareto optimal criteria for social welfare
  • Perfect competition and economic efficiency
  • Theory of second best

3. MARKET FAILURE: THE RATIONALE FOR GOVERNMENT INTERVENTION

  • Meaning of market failure
  • Sources of Market failure
  • Roles of Government
  • Government Failure: Government Failure defined and Causes of Government failure

4: THEORY OF PUBLIC GOODS

  • Definitions of public; private and impure goods
  • Other type of goods: merit goods, club goods
  • Characteristics of public goods
  • Efficient / optimal provision of public goods
  • Free rider problem

5: EXTERNALITIES

  • Definitions
  • Types of externalities
  • Consequences of externalities
  • Corrective mechanisms (Private and Public responses)

6: PUBLIC CHOICE THEORY

  • Public choice in direct democracy
  • Public choice in representative democracy

7: THEORY OF PUBLIC EXPENDITURE

  • Meaning of Public expenditure
  • Uses of Public expenditure
  • Principles of Public expenditure
  • Theories of public expenditure growth
  • Public expenditure in Africa: Income distribution; Poverty reduction; Social insurance

8: EVALUATION OF PUBLIC EXPENDITURE PROGRAMMES

  • Benefits and Costs from Public enterprises/projects
  • Public enterprise pricing
  • Evaluation Criteria

9: PUBLIC BUDGET

  • Importance of budgeting
  • Types of budgets
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