Understanding of

- the emergence of the state, the functions and instruments of the public sector
- budgetary policies on all levels of government,
- potentials for influencing the private sector decisions,
- impacts and limitations of public decisions,
- Concepts of infrastructure
- Economics of infrastructure
- Pricing of infrastructure services
- Norm costs (expenditure) and revenues (cost coverage)
- Financing of infrastructure
- Significance of spatial structures for infrastructure service costs and provision.
Applicability and practicability
- Land use <-> Impacts on public budgets
- (Economic) concepts for analyzing infrastructures, relfection and theoretical underpinning of the professional planning practice

1. Principles of public finance
2. Aims, objectives, reasoning, functions of government
3. Economic significance of the public sector
4. Public expenditure: Externalities
5. Supply/demand of public goods
6. Market failure
7. Public revenue
8. Public choice
9. Fiscal federalism
10. Principles of infrastructure economics & Concepts of infrastructure
11. Economic attributes / characteristics of infrastructure
12. Natural monopolies and regulation
13. Pricing of infrastructure services
14. Infrastructure investment and (longterm) maintenance/operating costs
15. Costs of different spatial structures

Registration to the lecture is highly recommended as a precondition for admission to the exams and access to the TUWEL online platform for this course.

Multiple Choice Exam, registration in TISS, based on lecture and presentations by guest lecturers

Mandatory: exam in Economics (lecture)