Public Sector Economics (11224.1)
|Level:||Level 2 - Undergraduate Intermediate Unit|
|HECS Bands:||2, 3|
|Faculty:||Faculty of Business, Government & Law|
|Discipline:||Canberra School of Politics, Economics and Society|
UC - Canberra, Bruce
Year Teaching Period Convener Mode of Delivery 2020 Semester 2 DR Craig APPLEGATE (Ph: +61 2 62012713 ) ON-CAMPUS
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- Semester 2, 2019, ON-CAMPUS, BRUCE (184868) - View
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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.
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.
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