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Public Economics (ECON40011)

HonoursPoints: 12.5On Campus (Parkville)

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Year of offer2018
Subject levelHonours
Subject codeECON40011
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

The general problems associated with the role of the state in the economy. Topics will be chosen from the theory of the state; the role of government in promoting economic growth; collective choice mechanisms; the economic analysis of bureaucracy; public goods; social insurance; national debt; and taxation issues.

Intended learning outcomes

On successful completion of this subject students should be able to:

  • Describe the fundamental features of government activities, expenditure and taxation, including the main types of taxation and expenditure.
  • Understand the key equity and efficiency issues related to using different forms of taxation and transfers.
  • Understand the theoretical and practical issues related to designed social insurance systems, such as unemployment benefits and health insurance.
  • Evaluate the results from empirical analyses of changes in government policies.
  • Critically evaluate policies and policy debates from a public economics perspective.

Generic skills

  • High level of development: problem solving; application of theory to practice; interpretation and analysis; critical thinking; evaluation of data and other information; statistical reasoning.

  • Moderate level of development: oral communication; written communication; synthesis of data and other information; use of computer software; accessing data and other information from a range of sources; receptiveness to alternative ideas.

  • Some level of development: collaborative learning.

Last updated: 23 January 2018