After successful completion of the course, students are able to understand the basic concepts of public finance and infrastructure economics. With the help of these concepts, students can analyze and discuss problems of spatial planning by using the economic perspectives.

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

Lecture, slides, literature.

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.

Depending on the actual state, some units of the course can be viewed online at the TUWEL platform (pre-recorded videos).

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

Exams are online exams at the TUWEL platform, with a parallel supervision during a Zoom web conference. Detailed information on the procedures of the exam will be published prior to the date of the exam at the TUWEL platform.

Mandatory: exam in Economics (lecture), or a course on principles of economics