Prerequisite: ECON 2010 or instructor's consent.
Meets with ECON 6300. Graduate students should register for ECON 6300 and will be held to higher standards and/or additional work. The economics of public services and their justification due to market failures. Modern welfare economics and its elaboration into cost-benefit analyses of public programs in theory and practice. Shortcomings of American government, including the tendency to overexpand, special interest politics, and budget deficits.