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Catatan

Tunjukkan catatan dari September, 2008

Notes on Government Finance Part 1

A. Public Finance. · govt. provides : i. public goods : housing, roads , hospitals etc. ii. services : recreation, defense, sports etc. Q : How does actions affect economy ? · govt. actions (taxing/spending) alters the structure of incentives facing eco agents. i. incentives : a/thing created in you to behave in certain ways (rewards / punishment). ii. Eco agents : inc. both Ind. & companies , productive producing units in general. Involves savings, consuming, investing , selling etc. B. Public Budgeting · budgeting is the hard-core & the heart of politics as e/one want the shares. · Involves : i. where public money come ? ii. how much should be spent & in what areas ? · Participants : 1. The Guardians of the Public Purse : 1.1