Public Finance Ι
Public Economics is the field of economics that deals with the way the State and more specifically the policies of public expenses and taxation influence the consumer welfare. According to the Budget, the total state expenses for 2008 were about 68.4 billion Euros, that correspond in the 27.9% of the countrys GNP and also correspond in 6.12 thousand Euros for each man, woman and child. The state spends these 68.4 billion Euros for goods and services, transfer payments interest of the national debt. It is obvious that the State and its policies play an important role in the citizens life. So some of the most crucial problems of our times are subject of Fiscal Economics. For example, police protection, social insurance, sanitary care, education, tax competition within the EU and licenses for satellite and cable television are subject of Fiscal Economy. In our analysis we identify two categories: the positive analysis, where we examine what is happening and the ethical analysis where we examine what should have been happening in concern with the above policies. Measurement and theory are used alternatively for the study of relative problems and the conduct of theoretical and practical conclusions.
Indicative Course Prerequisites: Microeconomic Theory Ι, Macroeconimic Theory Ι