Postgraduate Course: Economics of the Public Sector (ECNM11067)
Course Outline
| School | School of Economics |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | The formulation of sound economic policy invariably involves striking a right balance between equity and efficiency, between social justice and incentives. After reviewing the causes for market failures, we examine the trade-off between equity and efficiency inherent in the problem of income taxation. We then examine the inefficiency of private provision of public goods, followed by the Samuelson conditions for Pareto efficiency. Finally, we study the Tiebout hypothesis and the theory of local public goods. We conclude the lectures by reflecting on the optimum decentralization of public decisions between local government and central government. |
| Course description |
Not entered
|
Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | This is a closed course, students must e-mail sgpe@ed.ac.uk in advance to request permission to join it. |
Course Delivery Information
|
| Academic year 2015/16, Not available to visiting students (SS1)
|
Quota: 0 |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Lecture Hours 18,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
78 )
|
| Assessment (Further Info) |
Written Exam
100 %,
Coursework
0 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
Final exam 100% |
| Feedback |
Students will be provided with a series of exercises that will enable them to evaluate their progress against the learning outcomes for the course. The teaching team will provide feedback on the questions, including the preferred answers and guidance on expected progress outcomes 2-3 weeks later for self-assessment. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S2 (April/May) | | 2:00 | |
Learning Outcomes
| See description.
|
Reading List
Atkinson A. and Stiglitz: Lectures on Public Economics, 1980, McGraw Hill
Cornes R. and T. Sandler: Theory of Externalities Public Goods and Club Goods, 1996 Cambridge University Press
Salanie B.: Economics of Taxation, 2003, MIT Press
Salanie B., Microeconomics of Market Failures, 2000, MIT Press.
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Additional Information
| Graduate Attributes and Skills |
Not entered |
| Keywords | Not entered |
Contacts
| Course organiser | Prof Jonathan Thomas
Tel: (0131 6)50 4515
Email: |
Course secretary | Miss Sophie Bryan
Tel: (0131 6)51 1764
Email: |
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