ECC5810 - Public economics
6 points, SCA Band 3, 0.125 EFTSL
Postgraduate Faculty of Business and Economics
Leader(s): Dr Birendra Rai
Clayton Second semester 2009 (Day)
Topics in the theory of public goods including optimum conditions analysis; market failure and problems of political decision-making in relation to the supply of pure and impure public goods; separation of equity and efficiency aspects; possible applications to such issues as income redistribution, merit wants, pollution control and multi-level government.
The learning goals associated with this unit are to:
- be familiar with the welfare framework, economic concepts and theoretical economic analysis of public goods at an advanced level
- be familiar with advanced economic analysis of political decision-making in the public choice literature
- have a sophisticated understanding of the implications of public goods analysis for government policy in major areas of public expenditure
- have a sophisticated appreciation of the limitations and deficiencies of theoretical and empirical economic analysis in this general area.
Within semester assessment: 100%
3 hours per week
Students must be enrolled in course code 3194 to undertake this unit