- Code ECON2131
- 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 UGRD
- AsPr Maria Racionero Llorente
- Mode of delivery In Person
First Semester 2024
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. Emphasis is placed on attaining a solid grasp of the basic theory of public economics. 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).
Upon successful completion, students will have the knowledge and skills to:
- Identify and explain the principal forms of market failure that provide a justification for government intervention;
- Describe the main policy instruments used to mitigate market failures and explain the principles that guide their optimal use;
- Explain the limitations of government intervention - for instance, illustrate how the presence of information problems both explains the forms that policy intervention take and imposes limits on what can be achieved by it.
- Identify the trade-offs captured by public economics models; including the assumptions, relevance, and limitations of those models; including the assumptions, relevance, and limitations of those models.
- Analyse policy problems and assess arguments appearing in the policy debate.
- Take-home assignments, a mid-semester examination and anend-of-semester examination. Details to be determined at the commencement of the course. (null) [LO null]
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Workload10 hours (including 3 contact hours per week)
Requisite and Incompatibility
If applicable, prescribed texts will be posted on the course Wattle site.
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
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- Unit value:
- 6 units
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