Open uni, Public Economics and Institutions

About this programme

Private and public sector resource allocation and the size of public sector, welfare theory and the role of public sector in international perspective, pricing of public goods, club theory, incentive systems in taxation, finance policy and public sector sustainability gap. Visiting Professor Helena Chytilová from the University of Prague also discusses the following topics (in English): Introduce students into a framework of institutions such as formal laws, contracts, informal norms and conventions, within which all economic activity takes place. Economic analysis will be applied to illuminate selected law areas, such as property or contracts. More specifically, the effect of legal rules on individual behaviour, behaviour of firms, consequent resource allocation, income distribution, economic growth and whether these legal rules are in line with reaching socially optimum outcomes.