This course will analyze the principles and practices underlying the privatization of public enterprises and governmental functions. After evaluating the criticism directed at public ownership, the course examines an alternative to privatization — reforming state-owned enterprises and public administration, using examples from the U.S., Great Britain, and New Zealand. Various issues of privatization such as the roles of ownership and competition in stimulating efficiency, the implications of separation of ownership from management in distinguishing between private and public enterprises, conditions for successful divestiture programs, privatization’s employment impact, and contracting out of government services are discussed both in principle and through the use of examples from industrial, transition, and less developed economies.

Economics (Undergraduate)
4 credits – 14 Weeks

Sections (Fall 2019)

ECON-UA 270-000 (8240)
09/03/2019 – 12/13/2019 Mon,Wed
11:00 AM – 12:00 AM (Morning)
at Washington Square
Instructed by Prager, Jonas