Economics of the Public Sector (6404.5)
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|0.125||3||Faculty Of Business, Government & Law|
|Discipline||Study level||HECS Bands|
|Canberra School Of Politics, Economics And Society||Level 3 - Undergraduate Advanced 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 outcomesOn successful completion of this unit, students will be able to:
1. Explain the structure and growth of public expenditures in Australia;
2. Compare and evaluate the explanations for government interventions in markets;
3. Describe how the level of government expenditures is determined;
4. Explain the different types of taxes that exists in Australia and discuss these taxes based on efficiency and equity;
5. Describe the fiscal and financial relationship between the different levels of government and the measures undertaken to rectify fiscal imbalances in the Australian Federation.
Graduate attributes1. 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 - make creative use of technology in their learning and professional lives
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Prerequisites6355 Introduction to Economics OR 9518 Foundations of Microeconomics
- 9545 Public Finance
Equivalent units9545 Public Finance
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There is no text book for this unit. Guidance on appropriate readings for each week will be given in the lecture slides which will also be posted on Moodle..
Abelson, P. (2012) Public Economics: Principlles 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
Australia, Commonwealth Treasury (2017) Budget Paper No. 4., Commonwealth Financial Relations with other levels of Govt., AGPS
Brown C.V. and Jackson P.M. (1990) Public Sector Economics, 4th edition, Blackwell
Henry, K. (2009) Australia's Future Tax System: Report to the Treasurer, Commonwealth of Australia, Canberra
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.
Scotton, R.B. and Ferber, H., (eds), (1980), Public Expenditures and Social Policy in Australia, Vol. II, The First Fraser Years 1976-78
Musgrave, R. A. and Musgrave, P.B. (1989), Public Finance in Theory and Practice, 5th edition, McGraw Hill.
Submission of assessment items
Special assessment requirements
Students are expected to attend all lectures and to attend their tutorial unless ill.
Required IT skills
Word processing, Access to internet
Work placement, internships or practicums