Module: Market Failure and the Role of Government (5206-230)

Persons:

• Prof.Dr. Michael Ahlheim (verantwortlich)

Degree Program:

• Education for Business and Economics (Bachelor, since 01.10.2018)
  4. Semester, compulsory

Relation to other Modules:

GVWL 1: Markets and Economic DecisionsrnGVWL 3: Imperfect Competition and Strategic Interaction

Prerequisites for Attendance:

none

Sprache:

German

ECTS:

6 credits

Frequency:

every summer semester

Length of the Module:

1 semester

Final examination:

writtten exam

Length of the examination:

90 minutes

Workload:

180 hoursrn56 hours class attendancern124 hours preparation and follow-up, preparation for the exam and exam

Professional competences:

Students are acquainted with the main principles of regulatory policy and public finance. They have an understanding of the various causes of market failure and of the different policy instruments government can use to mitigate the ensuing consequences. They are able to advice government in these respects. Students are not only familiar with such questions of allocation policy but also with the field of distribution policy and social justice. They know different concepts of distributive justice and they can recommend suitable instruments of government policy for their practical implementation. This refers especially to different kinds of taxation and tax schedules.

Courses