- Code ECON8034
- Unit Value 6 units
- Offered by Research School of Economics
- ANU College ANU College of Business and Economics
- Course subject Economics
- Areas of interest Economics
- Academic career PGRD
- AsPr Maria Racionero Llorente
- Mode of delivery In Person
First Semester 2016
See Future Offerings
This course uses the basic tools of microeconomics to analyse the role of government and the rationale for and design of taxation and expenditure policy. The topics to be covered include a review of basic microeconomics, welfare economics, cost-benefit analysis, public goods, externalities, public choice, public expenditure programs (including education, health, pensions and welfare payments), and taxation (including efficiency and equity issues, tax incidence, Australian tax policy, and fiscal federalism).
By the end of the course students should have an appreciation of the principal forms of market failure that provide a justification for government intervention, be familiar with the main policy instruments used to mitigate market failures and the principles that guide their optimal use, but also understand the limitations of government intervention - for instance, understand how the presence of information problems both explains the forms that policy intervention take and imposes limits on what can be achieved by it.
The course also covers topics on public choice and provides an alternative, more critical, view of government. The public choice perspective places more emphasis on modelling the political process and argues that this, like the market mechanism, has readily identifiable sources of failure.
Upon successful completion, students will have the knowledge and skills to:
Upon successful completion of the requirements for this course, students should be able to:
• understand the principal forms of market failure that provide a justification for government intervention;
• understand the main policy instruments used to mitigate market failures and the principles that guide their optimal use;
• understand the limitations of government intervention - for instance, understand how the presence of information problems both explains the forms that policy intervention take and imposes limits on what can be achieved by it.
• understand the trade-offs captured by public economics models; including the assumptions, relevance, and limitations of those models.
• analyse policy problems and assess arguments appearing in the policy debate.
• understand the differences between the normative and the positive approaches to public economics; in particular, become familiar with public choice models of government.
See the course outline on the College courses page. Outlines are uploaded as they become available.
Take-home assignments, a mid-semester examination and an end-of-semester examination. Details to be determined at the commencement of the course.
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10 hrs (including 4 average contact hours in teaching weeks)
Tuition fees are for the academic year indicated at the top of the page.
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- Student Contribution Band:
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
Offerings, Dates and Class Summary Links
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Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
|Class number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery||Class Summary|
|2773||15 Feb 2016||26 Feb 2016||31 Mar 2016||27 May 2016||In Person||N/A|