• Total units 24 Units
  • Areas of interest Policy Studies, Finance
  • Specialisation code PUFN-SPEC

The Public Finance and Policy specialisation engages students in the questions of financing, prioritising and managing government activities, including the interaction of fiscal (tax and spending) policies with the market economy in an era of fiscal austerity and growing inequality. Students can range across three interrelated areas of public finance to develop knowledge and skills. The first examines policies, institutions, processes and regulatory structures for raising public revenue and for managing public expenditures, such as principles of equity, redistribution and compliance in tax policy, and fiscal rule frameworks and evidence-informed decision-making and accountabilities in expenditure budgeting. The second explores interactions between fiscal policy and public policies, such as in the context of social protection policies and their impacts on public spending and social and economic inequality. The third surveys theories and practices of policy design and instrument selection in budgetary and policy decision-making processes. Students can develop knowledge of the relationship between fiscal policy and the design and evaluation of public policies, as well as analytical tools to understand and assess the politics of taxation and expenditures. 

Learning Outcomes

  1. Understand the policies, institutions, processes and regulatory structures for key elements of public finance. 
  2. Reflect critically on the interrelationship between public finance and the design, selection and application of public policy and policy instruments. 
  3. Engage critically with theoretical and practical literature on public finance to understand and analyse the gaps between theory and practice. 
  4. Engage effectively with reform debates about public finance such as taxes and expenditure, budget management in times of austerity, and the use of fiscal policy in the economy. 

Other Information

This specialisation is only available to students undertaking the Master of Public Policy.

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This specialisation requires the completion of 24 units, which must consist of:

24 units of courses from the following list:

POGO8048  Public Finance

POGO8057  Managing Government Finances

POGO8004  Poverty Reduction

POGO8025  Social Policy Analysis

POGO8044  Global Social Policy

POGO8233  Policy Tools and Mixes (3 units) 

POGO8237  Budgeting for Outcomes: Purposes, Programs and Performance (3 units) 

POGO8238  Fundamentals of Intergovernmental Management (3 units)  

POGO8240  Evidence-Based Thinking: Decision Making and Policy Development (3 units) 

IDEC8025  Empirical Public Finance

IDEC8088  Cost-Benefit Analysis: Principles and Practice

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