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Public Sector Economics (11224.1)

Level: Intermediate Unit Level
Credit Points: 3
HECS Bands: 2, 3
Faculty: Faculty of Business, Government & Law
Discipline: School of Government & Policy

Availability

Unit Outlines

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  • 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.



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