Topics are chosen from economic roles of the state. Public goods, externalities and other sources of market failure, and club goods. Public choice theory, voting theory and bureaucracy theory. Principles of taxation equity. Neutrality and excess burden. Tax shifting and incidence. Types of taxation in Australia and their individual effects. Direct and indirect taxes. Taxation reform, optimal taxation, taxation policy. General equilibrium tax incidence. Taxation versus user charge. -- Course Website
Prerequisites: 1234 (v.4)<br/> Economics 100<br/> <br/> or any previous version
