Public Economics sixth edition is a southern African text on the subject, written by well-respected and well-known South African experts. Dealing with current issues such as social security and health care, the textbook demonstrates how public economic theory is relevant to the real-world context. Public Economics sixth edition equips senior undergraduate and postgraduate students with basic analytic skills to demonstrate the application of these to practical issues.
Features
- Example boxes show how theoretical concepts can be applied
- End-of-chapter questions provide students with the opportunities to self-assess their knowledge
- Multiple-choice questions at the end of each chapter with solutions
- Important concepts are explicitly defined and are specific to the discipline
- Discussion on the redistributive impact of major social policy interventions
- Information on the behavioural effects of social grants and empirical findings for South Africa.
- A new section on the fiscal sustainability of government's debt
- An extended section of the Tiebout model and a new section on urban economics.
Part 1: Perspectives on the role of government in the economy
1The public sector in the economy
2Benchmark model of the economy: positive and normative approaches
3Public goods and externalities
4Imperfect competition
5Equity and social welfare
6Public choice theory
Part 2: Public expenditure
7Public expenditure and growth
8Poverty, fiscal incidence and service delivery in South Africa
9Social security
10Cost-benefit analysis
Part 3: Taxation
11Introduction to taxation and tax equality
12Tax efficiency, administrative efficiency and flexibility
13Income taxation
14Taxation of wealth
15Taxes on goods and services, and tax reform
Part 4: Fiscal policy and public debt
16Fiscal policy
17Public debt and debt management
Part 5: Inter-governmental fiscal relations
18Fiscal federalism
Public Economics equips senior undergraduate and postgraduate students with basic analytical skills and demonstrates how these apply to practical issues.