Economics of the Public Sector (6404.5)

Please note these are the 2016 details for this unit
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Economics of the Public Sector
Available teaching periods Delivery mode Location
View teaching periods
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 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)
The objective of this unit is to examine the role of the public sector in the economy, in particular, the economic theories that attempt to explain government fiscal activities with emphasis on their application to the Australian environment.

Learning outcomes

On 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 attributes

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 - 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


Prerequisites

6355 Introduction to Economics OR 9518 Foundations of Microeconomics

Corequisites

None.

Incompatible units

9545 Public Finance

Equivalent units

9545 Public Finance

Assumed knowledge

None.
Year Location Teaching period Teaching start date Delivery mode Unit convener
Not available

Required texts

 

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..

Useful references

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

Nil

Students must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.

Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.

UC students have to complete the Academic Integrity Module annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).

UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.

Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.

Participation requirements

Students are expected to attend all lectures and to attend their tutorial unless ill.

Required IT skills

Word processing, Access to internet

In-unit costs

your freedom

Work placement, internships or practicums

NA

Additional information

Nil