Transcription of 1. Public Finance – Basic Concepts, Ties and Aspects
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1. Public Finance – Basic Concepts, Ties and Aspects
1. Public Finance Basic Concepts, Ties and Aspects Aim of this chapter to introduce to the issue of Public Finance ; to present Basic concepts of this topic and learn about their contents; to understand the linkages of Public Finance on economic theory. Key words Public Finance , Public sector, Public revenues, Public expenditures, functions of Public Finance , collectivism, individualism, allocation function, redistribution function, stabilization function, market failure, Lorenz curve, Gini coefficient, non-optional, non-refundable, non-equivalent.
Basic orientation especially in macro and microeconomics, politics and related terms. Study time requirements Approximately 2–3 hours. Outline 1.1 Basic concepts, ties and aspects 1.2 Linkages to economy of public sector 1.3 Public finance – causes of development 1.4 Development of …
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