🗊Презентация Module structure

LECTURE 11

Module structure

Growth of the public sector

Public goods

Public goods

Externalities

Externalities

Voting

Voting

Taxation

Taxation

Taxation

Taxation

Fiscal decentralization

Fiscal decentralization

Health insurance

Health insurance

Income redistribution & social insurance

Income redistribution & social insurance

Income redistribution & social insurance

What we have learned Theory + empirical evidence (with data) Contradiction between some theories and empirical evidence Externalities Public goods Ramsey rule Social insurance and moral hazard Implications for China

Exam structure 2-hour exam. Answer 2 essay questions from 5. Broad questions 1 hour/Q

Exam 2016 Discuss the arguments for and against income redistribution, and explain the reasons for the differences in redistribution policies between Europe and the United States. Critically discuss the achievements and limitations of fiscal decentralization in China, and discuss how further reforms could improve the current fiscal decentralization system. Critically discuss the statement that “voting can always consistently aggregate individual preferences”, and explain the limitations of the different voting rules.  “Government intervention is required to efficiently provide public goods, and the underprovision of public goods by the private sector demonstrates that individuals are selfishly motivated.” Discuss this statement with reference to the theory and evidence. Discuss the advantages and disadvantages of public health insurance. Explain what factors may influence the design of public health insurance policies.