IBE316-mid - IBE 316 Economic Policy Stiglitz: Economics of...

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IBE 316 Economic Policy Stiglitz: Economics of the Public Sector Midterm Review Keisuke OTSU Sophia University FLA Spring 2008 OTSU (Sophia University FLA) IBE 316 Spring 2008 1 / 11
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Chapter 1 Introduction What is a mixed economy? What are market and government failures? What, how and for whom are goods to be produced? How are choices made? What are positive and normative economics? OTSU (Sophia University FLA) IBE 316 Spring 2008 2 / 11
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Chapter 2 The Public Sector in US and Japan What are the principal activities of the government? What does the government spend on? OTSU (Sophia University FLA) IBE 316 Spring 2008 3 / 11
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Chapter 3 Market E¢ ciency What does Pareto e¢ ciency mean? The conditions for e¢ ciency? Exchange e¢ ciency Production e¢ ciency Product mix e¢ ciency OTSU (Sophia University FLA) IBE 316 Spring 2008 4 / 11
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Chapter 4 Market Failures What are principal reasons why market fail to produce e¢ cient outcomes? What role does government play in making it possible for markets to
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IBE316-mid - IBE 316 Economic Policy Stiglitz: Economics of...

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