- Understand welfare analyses, critically evaluate them, and thoroughly discuss their implications for the design of policy measures
- Explain the fundamental principles of empirical methods for causal analysis, interpret their results comprehensively, and assess their limitations critically
- Understand and interpret theoretical models, recognizing their limitations and identify their areas of application
- Conduct replication studies and critically reflect on their results
- Prepare and communicate results effectively through a structured and scientifically grounded term paper and/or a presentation
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- Fundamental concepts and theories of public economics and the history of the field.
- Theoretical foundations of utility and profit maximization as well as the conditions for Pareto-efficient allocations
- Principles of tax theory, including concepts of tax justice, tax rates, and the Austrian tax system
- Structure and functioning of the Austrian social insurance systems and concepts related to insurance markets and incentive problems
- Characteristics and effects of taxes, social insurance, public goods, and externalities on the market economy (including considerations on the optimal design of government interventions)
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