Units: 2
Hours: Lecture, 15 hours per quarter; individual study, 15 hours per quarter
Catalog page 231
Prerequisites: ECON 002 (or ECON 002H), ECON 003; or ECON 004; or consent of instructor
Description: Studies revenues, expenditures, and tax policies of the federal government, focusing on causes and consequences of federal deficit spending. Topics include discretionary and mandatory spending (social security benefits, Medicare, etc.), tax credits and loopholes, debt finance, the life-cycle hypothesis of saving, and the burden of the national debt.