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.