ECON 320 - Economics of Public Finance

  • 3 credits

Impact of taxes, government expenditures on allocation of resources, distribution of income, evaluation of government expenditure program; tax policies.

Public Finance is an optional applied course in one of the key field areas of economics. The objective of the course is to equip students with the analytical framework and tools required to discern the efficiency and equity consequences of government spending programs and tax policies. In addition, students should acquire a familiarity with normative analysis of tax and spending policies, based on specified value judgments. Applications to current public issues and policy debates are an integral part of the course.

By the end of the course, you should be able to:

  • explain and apply the theoretical and empirical tools of Public Finance;
  • analyze and describe the consequences and impacts on fairness of non-rivalry and non-exludability in the form of public goods and of positive and negative externalities;
  • explain the various approaches of defining equity in the context of income distribution and describe the various programs in place in the U.S. to address inequity in income distribution;
  • explain the efficiency and equity impactions for optimal taxation and apply these concepts to common U.S. taxes.


ECON 204 (Principles of Macroeconomics).

Important Information

Prerequisites: Introductory microeconomics, introductory macroeconomics.

Textbooks and Materials

Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.


  • Public Finance and Public Policy, 5th Ed.
    Gruber, Jonathan
    ISBN: 978-1464143335


Bharman Gulati
Bharman Gulati

Bharman is currently a Ph.D. candidate at Colorado State University. His fields of research are financial, and regional economics. Before attending CSU, Bharman received graduate degrees in business, finance and economics from University of Nevada, Reno (UNR). He has a variety of professional and academic experiences, from teaching at Front Range Community College and being a teaching assistant for various classes at Colorado State University to working as an inbound transportation planner at OH Logistics and a real estate researcher at Center for Regional Studies, UNR. In his free time, Bharman enjoys hiking, soccer, and cricket.