Overview
The relationship between the public and private sectors is explored from the perspective of both public finance and political economy. Theories of public expenditure and revenue generation are introduced to assess the proper scope of the public sector. Additionally, theories of public choice are presented to examine the effectiveness and … For more content click the Read More button below.
Offerings
S1-01-CLAYTON-ON-CAMPUS
Requisites
Prerequisite
Rules
Enrolment Rule
Contacts
Chief Examiner(s)
Professor Ranjan Ray
Learning outcomes
On successful completion of this unit, you should be able to:
1.
understand the basic economic concepts and principles applied in the public finance area
2.
analyse specific policy issues in the area of public expenditure and taxation from the perspectives of both traditional public finance and public choice
3.
critically evaluate contemporary public debate on topics in public finance
4.
understand the usefulness and limitations of economic analysis in the public finance area
5.
identify both market failure and government failure and understand the causes of each.
Teaching approach
Active learning
Assessment
1 - Within semester assessment
2 - Examination
Scheduled and non-scheduled teaching activities
Lectures
Tutorials
Workload requirements
Workload