ECON 7032 - Public Economics PG

North Terrace Campus - Semester 2 - 2019

This course investigates the role of the public sector in the economic arena. We will attempt to explain why government intervention is needed, how it influences the behaviour of the private sector and what the welfare effects of such influences are. We will also survey political economy, which regards actions of the public sector as determined by political processes. Topics covered may include welfare economics, market failures, innovation policy, and political economy. Students are expected to be familiar with one variable calculus and optimization techniques at the level of Intermediate Microeconomics IID

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Course Details

Course Code	ECON 7032
Course	Public Economics PG
Coordinating Unit	Economics
Term	Semester 2
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Contact	Up to 3 hours per week
Available for Study Abroad and Exchange	Y
Prerequisites	ECON 7011 or equivalent
Incompatible	ECON 3508
Restrictions	Available to MFin&BusEc, GCertAppEc, GCertIntEc, GDipAppEc, GDipIntEc, MAppEc students only
Assessment	Typically a mid-semester test & final exam

Course Staff

Course Coordinator: Dr Eran Binenbaum

Course Timetable

The full timetable of all activities for this course can be accessed from .

Course Learning Outcomes

On successful completion of this course students will be able to:

1	Use the basic tools, concepts and models to solve problems in key topics in Public Economics;
2	analyse policy challenges facing governments around the world and learn to find solutions to these challenges, taking into account obstacles to implementation;
3	apply economic perspectives on activities of the government sector to become well-informed, engaged participants - citizens, voters, politicians and/or civil servants - in society.

最新糖心Vlog Graduate Attribute	Course Learning Outcome(s)
Deep discipline knowledge informed and infused by cutting edge research, scaffolded throughout their program of studies acquired from personal interaction with research active educators, from year 1 accredited or validated against national or international standards (for relevant programs)	1,2
Critical thinking and problem solving steeped in research methods and rigor based on empirical evidence and the scientific approach to knowledge development demonstrated through appropriate and relevant assessment	1,2
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	1,2,3
Intercultural and ethical competency adept at operating in other cultures comfortable with different nationalities and social contexts able to determine and contribute to desirable social outcomes demonstrated by study abroad or with an understanding of indigenous knowledges	3

Learning & Teaching Modes

The course will be delivered in the standard lecture-mode. Students are expected to actively participate in the lectures, which includes doing the requisite reading, answering questions and participating in the conversations.

Students are required to write an essay on one of the topics covered in the course.

Tutorials are devoted to enhancing students' understanding of the concepts covered in the lectures. Part of the tutorial time may also be used to help students optimise their essays.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

Typical weekly workload for the course is 12 hours a week, distributed as follows: 2 hours for the lecture, 1 hour for the tutorial, 3 hours for requisite revision/required readings, 3 hours for homework problems, 2 hours for the essay, and 1 hour for the additional readings.

Learning Activities Summary

The lecture schedule is as follows:

Week 1	Introduction and Overview
Week 2	General Equilibrium
Week 3	Welfare Economics I: Efficiency, Welfare Theorems, Social Welfare Functions
Week 4	Welfare Economics II: Dynamic Efficiency, Impact assessment, Nonmarket Valuation
Week 5	Midterm Review lecture (NOTE: last lecture before the in-class MIDTERM exam)
Week 7	Players: The Basic Building Block of Analysis (NOTE: first lecture after the midterm exam)
Week 8	Subsystems, Political Philosophy & Rent-Seeking
Week 9	Public Goods
Week 10	Theories of the Public Sector
Week 11	Incentive Problems, Behavioral Economics & Theory of the Second Best
Week 12	The Role of Government

Small Group Discovery Experience

The homework problems are discussed in the tutorials. They are closely related to the lecturer's research, so the students get to know about his work as a researcher. This helps each student to find an essay topic of particular interest to him/her.

The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

Assessment Task	Due	Weighting	Learning Outcome
Essay	Week 13	25% or 10% (10% if Final Exam Mark is Higher)	2,3
Midterm Exam	Week 6	20%	1
Final Exam	Exam period	55% or 70% (70% if Final Exam Mark is higher than Essay mark)	1,2,3
Total		100%

Assessment Detail

The midterm exam is a 2 hour long, closed-book exam to be held in class in Week 6. It will cover material taught in the first 5 lectures.

The final exam will be held during the Uni exam period. It will be a 3 hour long, closed book exam.

The essay is between 5 and 16 pages long. The student first submits a topic for approval. The student may then submit a draft version of the essay before the deadline so as to get feedback. The final version of the essay is due during final exams. More details on the essay are provided in class and on MyUni.

Submission

The final version of the essay is due during the final exams period - see MyUni.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through .

Additional Assessment

If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result.

Student Feedback

The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
Fraud Awareness

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

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Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator

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