SAN JOSÉ STATE UNIVERSITY
ECONOMICS DEPARTMENT

Econ 132
PUBLIC FINANCE
Thayer Watkins

This course deals with the impact of fiscal policy of government on the economy. There is separate treatment of state and local government from that of the Federal government. The impact of Federal fiscal policies is integrated with the monetary policies of the Federal Reserve. The course also covers the provision of public and other goods and services traditionally supplied by the government. Again a distinction is made between the Federal Government and state and local governments. As a preliminary to the microeconomics of the public sector a survey is made of the political bosses who have run some states and cities in the past. This is to emphasize that in choosing public policy we should not presume that government is an all-knowing, selfless institution seeking to implement optimal economic policy.

The Green Sheet

Political Machines

The Laffer Curve

National Income Accounting

Incomes In Principle

The Relationship Between Private Profitability and Net Social Benefit