University of Kentucky 3 credits Agricultural Economics
An application of economic analysis to the study of the role of government. Emphasis is on the reasons for and the effects of government intervention in the economy. Topics covered include: market failure, public goods and externalities, welfare policy, voting and public choice, taxation, public debt and cost-benefit analysis. Prereq: ECO 401 or equivalent. Agricultural Economics majors may substitute AEC 303 for this prerequisite. (Same as ECO 479.) [Offered in fall and spring.]
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