Economics of Public Goods: Property Rights and Free Riding Characteristics of Public and Club
Goods Demand Functions and Optimal Provision of Public Goods. Externalities: Definition and
Applications Fiscal Instruments to Regulate Externalities Case Studies. Collective Choice: Direct and
Representative Democracy The Voting Paradox The Failure of Democratic Systems. The Economics
of Local Government : Rationale of Fiscal Decentralisation The Benefits and Costs of Decentralisation
Fiscal Migrations Models Local Government Finance and Challenges. The Role of Taxation:
Alternative Tax Systems and Regimes Implications of Taxes on Consumption, Production and the
Economy Distortion of taxes on Labour Tax Evasion and Corrective Measures.
