First part of a two-quarter sequence in the economics of state and local governments; students can take either one or both of the courses. Goals of class: Use applied tools of microeconomics to analyze taxes and other revenues raised by state and local governments in the United States. Assess the efficiency and equity properties of income, sales and excise, and property taxes. Consider tax alternatives such as user fees, impact fees, and lotteries. Evaluate effectiveness of various tax-related programs such as tax increment financing. Prerequisites: the two-quarter core sequence in microeconomics, PP32300 and PP32400, or their equivalent.
