Course: Market Failure and the Role of Government (5206-221)

Persons:

• Prof.Dr. Michael Ahlheim (verantwortlich)

Type of Course:

lecture with exercise

In-Class Hours Per Week:

4

Contents:

Based on the theory of public finance and regulatory policy the lecture course on »Market Failure and the Role of Government« deals with various kinds of market failure and with the possibilities of government policy to reduce or eliminate them.
In the first part of the course the general principles of regulatory policy and of public finance are explained. Based on these principles the main sources of market failure like externalities, public goods, monopolistic competition, asymmetric information etc. are discussed. Then suitable policy instruments for the reduction or elimination of such market failures are analyzed. While this part of the lecture course is focussed on allocation policy the following part turns to question of distribution and social justice. Here the various instruments of distribution policy are analyzed on the basis of public finenc theory.

Literature:

- Brümmerhoff / Büttner (2014), Finanzwissenschaft, 11 . Aufl., München
- Fritsch, M. (2011 ), Marktversagen und Wirtschaftspolitik, 8. Auflage, München.
- Homburg, S. (2015), Allgemeine Steuerlehre, 7. Aufl., München
- Vanberg, V. (1997), Die normativen Grundlagen von Ordnungspolitik, ORDO, Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, Bd. 48, S. 707-726.

Further titels will be announced in the lecture course.

Location:

Hohenheim

Module:

• 5206-220 AVWL 1: Market Failure and the Role of Government (compulsory)
• 5206-230 Market Failure and the Role of Government (compulsory)