PADP 6930 Public Financial Administration (PADP6930)
The University Of Georgia
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PADP 6930 Public Financial Administration
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Lectures 1-11 & Midterm Study Guide & Practice Test
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State & Local Budgets — Budgeting by Subnational Governments
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Fiscal Conditions and Controls. Net Saving Measure. Budget Features. Dual Budget System. Budget Balancing Tricks. Differences from Budgeting by the National Government.
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Federal Budget Methods & Practices
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Simple Forecasts. Annual Growth Rates. Preparation of Agency Budget Requests. Budget Instructions. Budget Proposal. Elements of Cost Estimation. Classification Structures. Personnel Costs. Non-Personnel Costs. The Executive Budget. Fiscal Sustainability. Budget Reductions. Appropriation. Feedback Controls. Internal Controls. Cash Budgets.
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Introduction to Budgeting
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What is Budgeting? Constraints of Fiscal Administration. Volatility. Budgeting History. Functions of Budgeting. Budget Structure. Administrative, Economic, and Functional Approaches. Budget Cycle. Budget Strategies. Government Expenditure.
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Market Failure & Information Economics
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Market Failure. Information Economics. Market vs. Government Failure. Pareto Optimality. Kalder-Hicks Optimality. Institutional Failure. Tiebout Competition. Privatization of Public Goods. Agency Theory (Principal-Agent Issues). Adverse Selection. Moral Hazard. Transaction Costs Economics. Provision and Production.
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Fundamental Principles of Public Finance
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Fiscal Administration. Public vs. Business Finance. Fiscal Sustainability. Golden Rule of Finance. Balancing Spending and Revenue. Dillon's Rule. Market Structure. Role of Regulation. Role of Intermediates. Voluntary Exchange. Market Efficiency. Laws of Price Formation. Market Failure. Incomplete Markets and Imperfect Information. Economic Stabilization. Redistribution. Privatization.
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