New IGNOU MEC-06 Help Book Public Economics in English – MA Economics Latest Edition Guide and Study Material.

Block 1 – Public Economics: Basic Concepts
Welfare Foundations of Economic Policies
Theory of Market Failure
Voting and Local Public Goods

Block 2 – Social Choice and Collective Decision Making
Arrow’s Impossibility Theorem: Social Choice and Individual Values
Normative Models: Equity and Justice
Spatial Voting Models

Block 3 – Public Policy: Mechanism Design, Agenda Setting and Information
The Basic of Public Policy
Mechanism Design
International Policy Coordinator

Block 4 – Rudiments of Tax Theory
Commodity Taxes
Direct Taxes
Introduction to Optimal Taxation

Block 5 – Public Debt
Theory of Public Debt
Sources of Public Debt
Management of Public Debt

Block 6 – Public Economics
Fiscal Federalism and Fiscal Policy
Equity and Efficiency Issues
State and Local Goods