logging in or signing up PUBLIC ECONOMICS ASSIGNMENT trackpas Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: Embed: Flash iPad Dynamic Copy Does not support media & animations Automatically changes to Flash or non-Flash embed WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 32 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: July 30, 2013 This Presentation is Public Favorites: 0 Presentation Description The essential question of public economics and the main stress of our course is the question of whether the government should intervene in the market and if so, how? To have an answer to this question, we need some benchmark measures against which we can critically compare the outcome with and without the government interference. Comments Posting comment... Premium member Presentation Transcript PUBLIC ECONOMICS ASSIGNMENT : PUBLIC ECONOMICS ASSIGNMENT PowerPoint Presentation: The essential question of public economics and the main stress of our course is the question of whether the government should intervene in the market and if so, how? To have an answer to this question, we need some benchmark measures against which we can critically compare the outcome with and without the government interference. PowerPoint Presentation: The appropriate role of government provides a preliminary point for the analysis of public finance. In theory, under some circumstances, private markets will assign goods and services among individuals resourcefully (in the sense that no wastage occurs and that the individual tastes are correctly matching with the economy’s productive abilities ). If the private markets were able to provide effective outcomes and if such distribution of the income were socially acceptable, then there would have been little or no scope for government at all. PowerPoint Presentation: In several cases, however, conditions for the private market efficiency are often violated. For example, if several people can enjoy the same good at the same time, then the private markets may tend to supply too little of that good. National defence is one of the examples of non-rival consumption, or moreover of a public good . Source: http://www.economicsassignmenthelp.net/microeconomics-assignment-help/ PowerPoint Presentation: “ Market failure” generally occurs when the private markets do not efficiently allocate goods or services. The existence of such market failure provides a rationale based on efficiency for collective or for governmental provisions of goods and services. Externalities, informational advantages, public goods, strong economies of scale, as well as network effects can often cause market failures . Public provisions through a government or a voluntary association are subject to other kinds of inefficiencies, which are termed as “government failures.” PowerPoint Presentation: Under large assumptions, government decisions about the effective scope and level of activities can be proficiently alienated from decisions about the design of taxation systems (termed as Diamond-Melees separation ). In this outlook, public sector programs should be designed in such a way that it can maximize social benefits minus costs (known as cost-benefit analysis), and then revenues needed to pay for those spending should be raised through a proper taxation system which creates the fewest efficiency losses normally caused by a distortion of economic activity PowerPoint Presentation: Government can then pay for spending by borrowing (for example, by distributing government bonds), although borrowing is a way of distributing tax burdens through time rather than a simple replacement for taxes. A deficit is termed as the difference between the total government spending and its revenues. The accumulation of deficits over time is called the total public debt. PowerPoint Presentation: Deficit finance allows governments to smoothen out tax burdens over time, and generally it gives governments a decisive fiscal policy tool. Deficits can also narrow down the options of successor governments as such . Source: http://www.economicsassignmenthelp.net/microeconomics-assignment-help/ PowerPoint Presentation: Historical government spending in the United States from 1902 to 2010 (2008 estimate, percent GDP. 2009, 2010 ‘guesstimated’ estimate) PowerPoint Presentation: Public finance is very much connected to the issues of income distribution as well as social equity. Governments can reallocate their income through the transfer payments or by designing effective tax systems which treats high-income and low-income households in a different way. The Public Choice approach to the public finance attempts to explain how the self-interested voters, politicians, as well as the bureaucrats actually operate, rather than how should they operate. PowerPoint Presentation: Public economics can, at times, be a complicated subject and requires discipline and dedication to completely understand. When students come across tough problems of public economics, they either tend to procrastinate, or end up copying assignments in last-minute situations. For such situation, we provide students with public economics assignment help for helping them secure top grades. The highly qualified and experienced team of economists we have, is fully dedicated and ready to serve you for all your public economics assignment, project and homework needs. PowerPoint Presentation: For more information about public economics contact us: http://www.economicsassignmenthelp.net/ You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.