Mar 17, 2026  
2025-2026 UH Mānoa Catalog 
  
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2025-2026 UH Mānoa Catalog

ECON 650 - Foundations of Public Policy

Credits: 3

Microeconomic principles for expenditure and tax policies. Externalities, public goods, non-convexities, regulation; cost-benefit analysis, general equilibrium, shadow-pricing; rent-seeking, corruption; optimal taxation, incidence, excess burden; dynamic public finance, national debt, social security.

Prerequisites: ECON 604  or ECON 606 ; or consent.