Course objectives (competences): The main objective of the course is to teach students the basic principles of local government finance and fiscal decentralization. After completing the course, students should be able to: - distinguish local from national public goods and services;
- calculate optimal local supply of goods and services;
- understand the pricing of local goods and services;
- explain the objectives of fiscal decentralization and its benefits;
- identify the role of local governments in the economy;
- evaluate alternative local government revenue sources;
- analyze the effects of grants and fiscal equalization;
- discuss fiscal decentralization issues in Republic of Macedonia and
- analyze local government budgets in the Republic of Macedonia.
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