Public Finance (9545.1)
Level: | Level 3 - Undergraduate Advanced 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 |
CLOSED FOR FUTURE ENROLMENT.
Availability
Unit Outlines
To view your Unit Outline, click View to log in to MyUC and access this information, or visit your unit's online teaching site.
- Flexible and Self Paced Period 11, 2016, SELF-PACED, BRUCE (149944) - View
- Flexible and Self Paced Period 10, 2016, SELF-PACED, BRUCE (150124) - View
- Flexible and Self Paced Period 9, 2016, SELF-PACED, BRUCE (150282) - View
- Semester 2, 2016, ONLINE, BRUCE (150754) - View
- Flexible and Self Paced Period 7, 2016, SELF-PACED, BRUCE (150521) - View
- Winter Term, 2016, ONLINE, BRUCE (152454) - View
- Flexible and Self Paced Period 6, 2016, SELF-PACED, BRUCE (152767) - View
- Semester 1, 2016, ONLINE, BRUCE (155458) - View
- Summer Semester 2015/16, ONLINE, BRUCE (155459) - View
- Flexible and Self Paced Period 8, 2015, SELF-PACED, BRUCE (137973) - View
- Semester 2, 2015, ONLINE, BRUCE (146369) - View
- Flexible and Self Paced Period 6, 2015, SELF-PACED, BRUCE (137971) - View
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Syllabus
Public Finance rests at the intersection of two disciplines: Public Economics and Public Choice. Public Economics deals with issues of social optimality: how much of a good (or ill) does a society desire (or tolerate), and how do we incentivise producers and consumers to attain that amount? Public economics concerns itself with externalities, which are costs that are borne by persons not involved in a market transaction. There are both positive and negative externalities; public economists want to know how we get more of the good and less of the bad. Public choice is the field of economics that looks into the behaviour of voters, politicians, and bureaucrats and studies how they choose given different policy institutions. The field of Public Finance studies the interaction between these two disciplines.
Learning Outcomes
On successful completion of this unit, students will be able to:
1. Define public finance terms such as "public good", "free-rider", "median voter theorem", "externality", "pigouvian taxes", and "Lindahl tax". Where appropriate, students will be able to include a graphical representation of these concepts in their definition of these terms;
2. Construct simple economic models related to public finance, including the Consumer and Producer surplus models and the Keynesian aggregate demand model;
3. Graphically describe the effects of taxation on labour supply decisions, at both the individual and national levels; and
4. Explain the political economy aspects of public finance, particularly as they relate to rent seeking and lobbying, as well as the strategies that can be taken to combat rent-seeking behaviours, as well as other more general government failures.
Assessment Items
Contact Hours
150 learning hours in online self-paced mode.
Prerequisites
9518 Foundations of Microeconomics OR 9519 Foundations of Macroeconomics OR 6355 Introduction to Economics
Corequisites
None.
Assumed Knowledge
None.
Incompatible Units
6404 Economics of the Public Sector
Equivalent Units
6404 Economics of the Public Sector
Referenced Courses
- 182JA Bachelor of Accounting
- 943AA Bachelor of Applied Economics
- 945AA Bachelor of Applied Economics/Bachelor of Commerce
- 944AA Bachelor of Applied Economics/Bachelor of Laws
- 946AA Bachelor of Applied Economics/Bachelor of Management
- 230JA Bachelor of Australian Politics & Public Policy/Bachelor of Communication in Media & Public Affairs
- 183JA Bachelor of Australian Politics and Public Policy
- 238JA Bachelor of Australian Politics and Public Policy/Bachelor of Laws
- 761AA Bachelor of Business Administration
- 762AA Bachelor of Commerce
- 286JA Bachelor of Economic Studies (online)
- 208JA Bachelor of Entrepreneurship and Innovation
- 279JA Bachelor of Event and Tourism Management
- 184JA Bachelor of Finance
- 185JA Bachelor of Human Resource Management
- 186JA Bachelor of International Business
- 248JA Bachelor of Justice Studies
- 394AA Bachelor of Management
- 187JA Bachelor of Marketing Management
- 124JA Bachelor of Politics and International Relations
- 145JA Bachelor of Politics and International Relations/Bachelor of Applied Economics
- 210JA Bachelor of Public Administration
- 188JA Bachelor of Social Science