The course aims to provide students with an understanding of the economics of taxation. Both theoretical and applied economic tools will be used to analyze various issues of tax policy. The course introduces a framework for tax analysis to understand the fundamental theories of efficient and equitable taxation. By exploring the issues of taxation, including the personal income tax, the corporation tax, taxes on consumption and wealth, deficit finance, and tax reforms, students get to learn how revenue systems are constructed and how individual behaviors are affected and responsive to tax policies. Through case studies, students will be asked to formalize tax issues and to discuss the examples of real life taxation.

Rosen, Harvey S., and Ted Gayer (2014), Public Finance, 10th edition, Berkshire, U.K.: McGraw-Hill Education. ISBN: 007715469x