IEDM 551 Public Financial Management
This course covers public budgeting and financial management of central and local governments and public organizations. The course covers how public resources are allocated and the role that government plays in the economy. Specific topics covered include: (i) budgeting, expenditure, revenue, and borrowing decisions; (ii) capital markets and debt management; (iii) fundamentals of financing, structuring, privatizing, and regulating public projects; (iv) intergovernmental relations and private-public partnerships; and (v) the economic base and needs of the community and the nexus of the economic system and development efforts.
The course pays particular attention to challenges and solutions in the financing of development initiatives, addressing: (i) how, whether, and when to increase private participation in the development, investment, and operation of public projects; (ii) how to regulate the pricing and the quality of public projects; and (iii) how to finance and value public project assets.
Prerequisite
IEDM Program or Department Consent