Economics 337: Public Economics for Commerce

Economics 336: Public Economics


Office Hours


Class Debates and Short Papers


Date Lecture Textbook and required readings Additional Material Tutorial (R1-2, SS1071)
September 11 Introduction Rosen chaps. 1-3
Course Outline
Practice problems on taxation
Tutorial on mathematical methods (background, not required)
September 18 Tax avoidance and excess burden Rosen chap. 15
*Feldstein (JPE, 1995)
Is this what I sound like?
September 25 Tax incidence Rosen chap. 14; Gruber chap. 19
October 2 Income distribution I Rosen chap. 17-17; Gruber chap. 17-18

What important problem with UBI does this discussion ignore?

October 9 Taxation and income distribution II Gruber chap. 18
*Saez and Veall, 2005, "The Evolution of High Incomes in Northern America: Lessons from Canadian Evidence"

P. Diamond and E. Saez, 2011, "The case for a progressive tax: From basic research to policy recommendations".
One percent of the U of T professors says 50 percent of the stupid things -- which is also not what "Pareto distribution" actually means:

Find two mathematical errors in Jordan Peterson's lecture. What is his moral argument here and how does he use pseudo-mathematics to advance his case?

Take up PS1
October 16 Externalities *Gilbert E. Metcalf, "Market-Based Policy Options to Control U.S. Greenhouse Gas Emissions," JEP, 2009. Dale Beugin and Chris Ragan, The real costs and benefits of carbon pricing, MacLean's, Apr 30, 2018

Although I hope it's unnecessary, here is a rebuttal.

Problem set #2
Sample midterm #1
Sample midterm #2

Midterm prep
October 23 Midterm exam
October 30 Long-run fiscal policy Chap. 4
L.J. Kotlikoff, 2006, "Is the US bankrupt?" Federal Reserve Bank of St Louis Review.
A. Auerbach, 2011, "Long-term sustainability in major economies".
D. Bernheim, 1989, "A neoclassical perspective on budget deficits," JEP.
Take up midterm
November 6 Fall break
November 13 Business and capital taxation *G. Zucman, 2014, "Taxing across Borders: Tracking Personal Wealth and Corporate Profits," JEP 28, 121-148.
November 20 Class debates Extra session for class debates - all should attend! -----> class debates
November 27 Taxation of savings and consumption
December 4 Public-sector pricing *Frischmann and Hogendorn, 2015, "The marginal cost controversy," Journal of Economic Perspectives 29, 193-206. Problem set #3
Sample final exam
Take up problem set/exam prep
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