Public Economics ECON8010  - Details

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Offered By: School of Economics
Academic Career: Graduate Coursework
Course Subject: Economics
Offered in: Second Semester, 2008
Unit Value: 6 units
Course Description:

The aim of this course is to introduce students to a number of key topics in public economics. The focus is on relevant economic theory in this area. The topics include an introduction to public economics and political economy (voting and rent-seeking), a review of equilibrium and efficiency, departures from efficiency (public goods, externalities and asymmetry of information), equity and redistribution (sociail welfare functions and interpersonal comparability of utility), optimal taxation (commodity, income and mixed taxes), non-tax instruments for redistribution and tax reform.

Learning Outcomes: Understanding the role of the government in the economy particularly in relation to public expenditure, taxation and stabilisation. Global aspects of public expenditure will also be considered.
Indicative Assessment:

3 problem sets and an end-of-semester examination

Workload: 10 hours per week
Course Classification(s): AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs.
Areas of Interest: Economics
Eligibility: An honours degree in Economics with H2A or higher, or completion of a Graduate Diploma in Economics with an exit grade of Merit or better
Preliminary Reading:

Hindriks, J. and Myles, G.D. (2006), Intermediate Public Economics, MIT Press (H&M). A list of other texts and journal articles will be provided in the course outline.

Programs: Graduate Diploma in Applied Economics, Master of Applied Economics, Master of International and Development Economics, Master of Economics of Development, Graduate Diploma in Economic Policy, Master of Economics, Master of Environmental and Resource Economics, Graduate Diploma in Economics, and Master of Health Economics
Other Information:

For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8010

Academic Contact: See http://teaching.fec.anu.edu.au/ECON8010/