Public Sector Economics (11224.1)
Level: | Level 2 - Undergraduate Intermediate Unit |
---|---|
Credit Points: | 3 |
HECS Bands: | Band 3 2013-2020 (Expires 31 Dec 2020) Band 4 2021 (Commenced After 1 Jan 2021) Band 5 2021 (Commenced Before 1 Jan 2021) |
Faculty: | Faculty of Business, Government & Law |
Discipline: | Canberra School of Politics, Economics and Society |
Availability
-
UC - Canberra, Bruce
Year Teaching Period Convener Mode of Delivery 2021 Semester 2 DR Craig APPLEGATE (Ph: +61 2 62012713 ) ON-CAMPUS
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Unit Outlines
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- Semester 2, 2020, ON-CAMPUS, BRUCE (196030) - View
- Semester 2, 2019, ON-CAMPUS, BRUCE (184868) - View
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Syllabus
This unit focuses on the microeconomic role that governments can play in overcoming market failure. Particular focus will be placed on public choice, public goods, the tax system, and externalities.
Learning Outcomes
After successful completion of this unit, students will be able to:
1. Demonstrate an understanding of the various types of allocative inefficiency that can result from the operation of free markets and how government intervention can correct them;
2. Demonstrate an understanding of public choice theory including median voter theory and Arrow?s impossibility theory, and how this can result in inefficient outcomes;
3. Explain the efficiency and equity principles behind the design of a tax and social security system;
4. Explain economic theory to a general audience; and
5. Reflect upon their unit experience, including theories, discussions and feedback, and how it relates to the goals set out in their professional portfolio.
Assessment Items
Contact Hours
One 2 hour lecture and one 1 hour tutorial on-campus per week.
Prerequisites
11175 Introduction to Economics.
Corequisites
None.
Assumed Knowledge
This unit only requires prior knowledge of basic microeconomic principles and theories, which are covered in the pre-requisite unit Introduction to Economics.
Incompatible Units
None.
Equivalent Units
6404 Economics of the Public Sector.
Referenced Courses
- MGB302 Bachelor of Commerce (Business Economics)
- MGIT01 Bachelor of Commerce/ Bachelor of Information Technology
- MGSC01 Bachelor of Commerce/ Bachelor of Laws
- 330JA Bachelor of Secondary Education (Health and Physical Education)
- 327JA Bachelor of Secondary Education/Bachelor of Arts
- SCB301 Bachelor of Social and Economic Policy (Economic Policy)