4) public finance and fiscal policy courses. For those students who interested in integrating public finance and fiscal policy subjects to their research should include: Identify and discuss at least two practices or theories related to public finance and fiscal policy. Identify the US regulation applicable to the selected companies in your sample. Determine the types of regulation; environmental, social, etc. Discuss the types of taxes applicable to the selected companies in your sample. Make a comparison between the tax rate paid and rate of return and cost of capital of the selected companies. Discuss the implication of interest rate in investment decision making. Compare between the interest rate and the selected companies rate of return and cost of capital. Discuss the actual US fiscal policy in comparison to European Union. Discuss the relationship between unemployment rate, inflation rate and interest rate in the USA.

For the last 10 years make a comparison of the main variable of National Income in the US.

Gross Domestic Product (GDP)

Less capital consumption allowances

Net National Product (NNP)

Less Indirect business taxes

National Income (NI)

Less Social security taxes Corporate profits taxes Retained Earnings Plus Transfer payments

Personal Income (PI)

Less personal taxes

Disposal Personal Income (DPI)

DPI available for Personal consumption expenditure (C) Personal savings (S) Source of data can be obtained from Economic reports for the president Make a comparison between employment, national debt, GDP, Tax leakages, GDI, C, S, I, and G.