Public Economics

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Course Number: 
GAFL 621

Course Section



  • MPA

Course Type: 

  • Core



  • Fall 2021

Course Format


On-campus meetings will be modified for summer and fall 2021 in accordance with COVID-19 guidelines.

On-Campus Day(s): 
On-Campus Time: 
10:15 -11:35 a.m.

On-Campus Location:

Course Description: 

This course provides students with the knowledge required to understand government operations in relation to the market economy. In theory of supply and demand, students explore the pricing mechanism, price elasticity, and the effects of price controls on markets. Efficiency is examined in connection with competition and again in connection with equity, and market failure is considered as a reason for government intervention. Cost-benefit analysis is examined in the context of selecting among public investment alternatives. The course also assists students in addressing issues connected with local public goods and economic development.

Fels Institute of Government

The Fels Institute of Government
3814 Walnut St. 
Philadelphia, PA 19104

(215) 898-7326