This course introduces the theories and skills of public sector budgeting; including financing state and local governments; and examines how the maximization of societal return from public expenditures has developed in recent years. Skills such as revenue and expenditure forecasting; making adjustments due to uncertainties; and developing realistic alternatives are examined and practiced. Budget formulation and administration are emphasized with a view of providing the student with the basic understanding of constructing and managing a budget in the public and nonprofit sectors.