Postgraduate - UnitECC5810 - Public economics

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

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.

Outcomes

The learning goals associated with this unit are to:

1. be familiar with the welfare framework, economic concepts and theoretical economic analysis of public goods at an advanced level
2. be familiar with advanced economic analysis of political decision-making in the public choice literature
3. have a sophisticated understanding of the implications of public goods analysis for government policy in major areas of public expenditure
4. have a sophisticated appreciation of the limitations and deficiencies of theoretical and empirical economic analysis in this general area.

Assessment

Within semester assessment: 100%

Chief examiner(s)

Associate Professor Vai-Lam Mui

Contact hours

3 hours per week

Co-requisites

Students must be enrolled in course code 3194 to undertake this unit