Managing Government Debt and Deficits (Spring, 2013)
T,Th 03:30 - 05:00 PM; Lemberg, 54
Prerequisites: ECON 202a and ECON 207f.
Examines how across the industrialized world, countries realize they need to reduce their government deficits, and possibly their government debt, to avoid a crisis down the road. Should they raise taxes? If so, which? Should they reduce spending? Should they default? We consider the pros and cons of these alternatives and more. Usually offered every year.