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ECON308 Public Economics

The role of government in society is examined using the tools and methods of microeconomics. Topics include welfare economics, public goods, externalities, optimal taxation and voting models.

This paper uses intermediate microeconomic theory to analyse the role of the state in a market-oriented economy. The topics covered include equity and efficiency principles, market failures and their solutions, public choice mechanisms, taxation and tax evasion.

Paper title Public Economics
Paper code ECON308
Subject Economics
EFTS 0.1500
Points 18 points
Teaching period Second Semester
Domestic Tuition Fees (NZD) $813.45
International Tuition Fees Tuition Fees for international students are elsewhere on this website.

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Prerequisite
ECON 201 or ECON 271
Schedule C
Arts and Music, Commerce, Science
Contact
economics@otago.ac.nz
Teaching staff
To be advised
Textbooks
S. Connolly and A. Munro, Economics of the Public Sector, Prentice Hall, 1999.

D.N. Hyman, Public Finance A Contemporary Application of Theory to Policy, Cencage, 2014.

J. Hindricks and G.D. Myles, Intermediate Public Economics, MIT Press, 2006.

H.R. Varian, Intermediate Microeconomics, Norton, 2006.
Graduate Attributes Emphasised
Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship, Critical thinking, Ethics, Teamwork.
View more information about Otago's graduate attributes.
Learning Outcomes
Upon successful completion of this paper, you should be able to:
  1. Develop an appreciation of the reasons for a public sector in a market-oriented economy
  2. Apply economic analysis to public-sector problems
  3. Provide an understanding of the nature of the problems faced by decision-makers in the public sector and a critical awareness of the decision-making process
  4. Provide an introduction to the more specific problems arising in certain areas of public-sector activity

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Timetable

Second Semester

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Blackboard

Lecture

Stream Days Times Weeks
Attend
L1 Tuesday 09:00-09:50 28-34, 36-41
Wednesday 09:00-09:50 28-34, 36-41
Thursday 09:00-09:50 28-34, 36-41

The role of government in society is examined using the tools and methods of microeconomics. Topics include welfare economics, public goods, externalities, optimal taxation and voting models.

This paper discusses examines the ways government interventions affect the economy. The paper begins with an empirical and theoretical overview of the development of government expenditure programmes in OECD countries. It then explores several standard analytical approaches to government programmes by examining income redistribution, social security, tax policies, and government finance (debt and asset positions) from both macroeconomic and microeconomic perspectives. The second half of the paper extends these concepts by analysing three topics of contemporary importance: local government finance; environmental policy; and the non-government provision of public services.

Paper title Public Economics
Paper code ECON308
Subject Economics
EFTS 0.1500
Points 18 points
Teaching period Second Semester
Domestic Tuition Fees (NZD) $829.65
International Tuition Fees Tuition Fees for international students are elsewhere on this website.

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Prerequisite
ECON 201 or ECON 271
Schedule C
Arts and Music, Commerce, Science
Contact
economics@otago.ac.nz
Teaching staff
Andrew Coleman (Coordinator and lecturer); Viktoria Kahui; Stephen Knowles; Paul Thorsnes
Textbooks
Joel Slemrod and John Bakija (2017) Taxing Ourselves, 5th edition.(MIT Press)
Graduate Attributes Emphasised
Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship, Critical thinking, Ethics, Teamwork.
View more information about Otago's graduate attributes.
Learning Outcomes
Upon successful completion of this paper, you should be able to:
  • Develop an appreciation of the reasons for a public sector in a market-oriented economy;
  • Apply economic analysis to understand the macro-and micro implications of differentpublic sector interventions in the economy; and
  • Understand specific problems arising in certain areas of public-sector activity.

^ Top of page

Timetable

Second Semester

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Blackboard

Lecture

Stream Days Times Weeks
Attend
L1 Tuesday 09:00-09:50 28-34, 36-41
Wednesday 09:00-09:50 28-34, 36-41
Thursday 09:00-09:50 28-34, 36-41