Public Sector Economics (11224.1)
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | Flexible On-Campus |
Bruce, Canberra |
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Business, Government & Law |
| Discipline | Study level | HECS Bands |
| Canberra School Of Politics, Economics And Society | Level 2 - Undergraduate Intermediate Unit | Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021) |
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.
Graduate attributes
1. UC graduates are professional - communicate effectively1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - think globally about issues in their profession
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Prerequisites
11175 Introduction to Economics.Corequisites
None.Incompatible units
None.Equivalent units
6404 Economics of the Public Sector.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.| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|---|---|---|---|---|
| 2023 | Bruce, Canberra | Semester 2 | 31 July 2023 | Flexible | Dr Craig Applegate |
| 2024 | Bruce, Canberra | Semester 2 | 29 July 2024 | On-Campus | Dr Craig Applegate |
Required texts
There is no textbook for this unit so don't buy a book. Guidance on appropriate readings will be made in the online lectures and posted on the CANVAS website..
The following texts are useful reading but once again, don't buy them:
Useful references
Abelson, P. (2012) Public Economics: Principles and Practice, 3rd Edition, McGraw Hill Sydney.
Atkinson, A.B. and Stglitz, J.E. (1980), Lectures on Public Finance, McGraw Hill.
Anderson, J. (2003), Public Finance: Principles and Policies, Hougton Mifflin, Bostan
Brown C.V. and Jackson P.M. (1990) Public Sector Economics, 4th edition, Blackwell
Gruber, J (2016), Public Finance and Public Policy 5th edition, Worth.
Henry, K. (2009) Australia's Future Tax System: Report to the Treasurer, Commonwealth of Australia, Canberra
Hyman, D (2005), Public Finance 8th International edition, Thomson
Randall G. Holcombe (2006), Public Sector Economics: The Role of Government in the American Economy, Pearson Education, New Jersey.
Rosen, Harvey S. (2010), Public Finance, 8th Edition, McGraw Hill International Edition, Irwin./McGraw Hill. Boston.
Musgrave, R. A. and Musgrave, P.B. (1989), Public Finance in Theory and Practice, 5th edition, McGraw Hill.
Stiglitz, J (2000) Economics of the public sector 3rd edition, WW Norton
Participation requirements
Students are required to give a presentation. Students who attend tutorials either in person or virtually usually obtain better grades than those that do not.
Required IT skills
Basic familiarity with Microsoft Word.
Work placement, internships or practicums
Virtual
