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Economics is the discipline that involves the study of production, distribution and consumption of goods and services. Public Economics is the domain of economics that deals with the effects of of government policies on the economic efficiency. With a very large area to talk about, the subject becomes quite interesting and a significant discipline for your assignment.  Public economics, with all its domain and subsidiaries, give a clear reflection of government policies on the economy of the place. It not only considers government policies but also gives a platform to judge its effect on the public. It also gives a picture where involvement of government with the economy is judged.  The broad methods used for the same are:   1. Theory and application of public economics 2. Analysis and design of public policy 3. Distributional effects of taxation and government expenditure 4. Analysis of market failure and government failure These areas are individually vast enough.

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