Description: Provides an economic analysis of the theory and practice of government expenditure policy, focusing on issue related to efficiency and equity. Analyzes issues related to budget deficits, government debt, and fiscal sustainability. Special topics include national public goods, state and local public goods, political economy, policies that correct for externalities including those associated with carbon emissions and pollution, education policy, income redistribution programs such as the Earned Income Tax Credit, and social insurance programs such as Social Security.