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LO-1
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Explains the conceptual foundations of the state and public finance, and distinguishes the decision-making mechanisms and economic roles of the public and private sectors. |
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LO-2
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Compares major approaches to the economic role of government and analyzes the rationales and limits of public intervention in terms of resource allocation, income distribution, and economic stability. |
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LO-3
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Evaluates public expenditures, public revenues and taxation, the budget, public debt, and local government finance in terms of their financing mechanisms and economic effects. |
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LO-4
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Uses basic fiscal data, budget documents, and current policy cases to evaluate public finance issues in a reasoned manner with reference to efficiency, equity, and fiscal constraints. |