The role and nature of the government sector in the economy, principles of taxation, tax equity, incidence and excess burden of taxes, structure of taxes in the economy, role of personal, corporate, sales and wealth taxes, fiscal stabilization policy, and the economics of public debt. Prerequisite(s): ECON 1001 or ECON 1000 or FYSM 1003. Lectures three hours a week. [0.5 credits]
The role and nature of the government sector in the economy, principles of taxation, tax equity, incidence and excess burden of taxes, structure of taxes in the economy, role of personal, corporate, sales and wealth taxes, fiscal stabilization policy, and the economics of public debt. Prerequisite(s): ECON 1001 or ECON 1000 or FYSM 1003. Lectures three hours a week. [0.5 credits]
