Public Sector Economics (11224.1)

Availability

• UC - Canberra, Bruce

  Year	Teaching Period	Convener		Mode of Delivery
  2020	Semester 2	DR   Craig   APPLEGATE	(Ph: +61 2 62012713 )	ON-CAMPUS
  2021	Semester 2	DR   Craig   APPLEGATE	(Ph: +61 2 62012713 )	ON-CAMPUS

Possible changes to your unit's learning activities and assessment items

For the remainder of 2020, resulting from Australian Government's directives requiring physical distancing and restrictions on movement because of the COVID-19 pandemic, any exams that are required for assessment in a unit will be online exams. Online exams may also use online proctoring to help assure the academic integrity of those exams. Please contact your unit convener with any questions.

While the University has made efforts to ensure that Unit Outlines reflect a unit’s learning activities and assessment items, any changes to Australian Government directives because of the COVID-19 pandemic may require changes to these during the semester to ensure the safety and well being of students and staff. These changes will not be updated in the published unit outline, but will be communicated to you via your unit’s UCLearn(Canvas) teaching site. Any changes made will continue to meet the unit’s learning outcomes, as described in the Unit Outline.

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.