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Unit of study_

ECOS3011: Public Finance

Public Finance is about the taxing and spending decisions of governments. The unit covers a wide range of public finance topics. After an introduction to welfare economics and the role of government in the economy, the unit focuses on the revenue side of the budget: tax incidence, efficient and equitable taxation, the Australian system of revenue raising, issues of tax reform and the theory and practice of public utility pricing. It then focuses on the expenditure side of the government budget: public goods, externalities, and programs aimed at redistribution. It also introduces techniques of policy evaluation.

Code ECOS3011
Academic unit Economics
Credit points 6
Prerequisites:
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ECOS2001 or ECOS2901
Corequisites:
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None
Prohibitions:
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None

At the completion of this unit, you should be able to:

  • LO1. apply economic concepts to examine real world problems from both an individual’s and policymaker’s perspective
  • LO2. demonstrate problem solving skills
  • LO3. critically evaluate the assumptions and limitations of the theories and arguments presented in class
  • LO4. demonstrate written communication skills
  • LO5. employ technologies effectively in gathering information from written, oral, and electronic sources
  • LO6. manage, analyse, evaluate and use information efficiently and effectively.