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Olivet Nazarene University    
 
    
 
  Feb 21, 2018
 
2017-2018 Catalog

ECON 345 - Economics of the Public Sector


3 hours
An examination of the role of government in market economy, both in a positive and a normative sense. Major topics will include the theories of market failure and public choice; the economic impact of various taxes, expenditure programs, and regulatory actions; and alternative rationales for the expansion in the size and scope of government in the United States and other nations over time. UG