Dec 01, 2021  
2020-2021 UMaine Undergraduate Catalog 
    
2020-2021 UMaine Undergraduate Catalog [ARCHIVED CATALOG]

ECO 371 - Public Finance and Fiscal Policy


This course examines the effects of government spending and taxation. The course explores the various ways that markets fall to achieve socially optimal outcomes, which justifies government provision of some products such as education, pension (i.e., Social Security), medical insurance (Medicaid and Medicare), public assistance, and so forth. The course also studies the effects of various taxes needed to finance these and other types of government spending.

General Education Requirements: Social Contexts and Institutions

Prerequisites: A grade of  C-  or better in ECO 120 and ECO 121

Course Typically Offered: Alternating Years

Credits: 3