ECON 7115 - Public Economics IV
North Terrace Campus - Semester 1 - 2015
General Course Information
Course Code ECON 7115 Course Public Economics IV Coordinating Unit School of Economics Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 4 hours per week Available for Study Abroad and Exchange Y Assumed Knowledge ECON 7032 or ECON 7025 or ECON 7121 Restrictions Available to MAppEc, MAppEc(Int), MAppEc(PubPolicy) & MEc(Course) students only Course Description This course deals with more recent advances in Public Economics. The course has two main parts: Regulation and Taxation under Incomplete Information and Political Economy. In the first part we explore how governments that are seeking to maximise social welfare should regulate and tax industries if firms have private information about some of their characteristics. Contract theoretical tools are developed in order to analyse this. In the second part we cover topics in modern Political Economy Theory. Covered topics may include: lobbying, corruption, the role of constitutions, and public choice.
Course Coordinator: Associate Professor Duygu YenginDr Duygu Yengin
Office hours: TBA in MyUni
Office location: Nexus 10 Building, Level 4, Room 4.48
The full timetable of all activities for this course can be accessed from Course Planner.Tuesday: 09.00am to 11.00am Engineering & Math EM213 Engineering Seminar Room 2
Thursday: 16.00 to 18:00 Engineering Sth S112
Course Learning OutcomesOn successful completion of this course students will be able to:
1 To introduce students to the advance tools and models used in the field of Public Economics 2 To encourage students to think about applying these models in their own research, if necessary, with suitable modifications 3 To develop a perspective on how public policies are formulated and how they differ from the prescribed standards of normative public economics 4 To discuss and critique academic articles and policy papers based on academic articles in a group setting
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 2 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 3, 4 Skills of a high order in interpersonal understanding, teamwork and communication. 4 A proficiency in the appropriate use of contemporary technologies. 1, 2, 3 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 2, 3 A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 3
Required ResourcesThe required textbook, if any, will be announced in MyUni and via email. Any academic articles to be covered will also be announced in MyUni.
Recommended ResourcesYou could buy the following recommended books or borrow them from the library.
• Public Economics, Gareth D.Myles, Cambridge University Press
• The Theory of Externalities, Public Goods and Club Goods, Richard Cornes and Todd Sandler, Cambridge University Press
• Lectures on Public Economics, Anthony Atkinson and Joseph E. Stiglitz, McGraw-Hill BookCo.
• Public Goods, Theories and Evidence. Batina and Ihori. Springer-Verlag (available as online text through Adelaide Uni library)
Online LearningThe course makes extensive use of MyUni to post notes, assignments and for communication with the students
Learning & Teaching Activities
Learning & Teaching ModesThe 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. Some lectures will be offered in a tutorial model in which we will use the problem-solving approach to underscore the concepts covered in the lectures.
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 per week, distributed as follows: 4 hours for the lectures/tutorials, 4 hours for requisite revisions/required readings, 4 hours for problem solving and critical thinking about research questions.
Learning Activities SummaryThe following topics will be covered.
• General Equilibrium
• Provision of Public Goods.
Depending on time constraints, the following topics may be also covered: income inequality and poverty, externalities, club goods etc.
Small Group Discovery ExperienceClassroom discussions, presentations
The University'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 Type Weight Assignments 40% Final Presentation 50% Class Participation 10%
Assessment Related RequirementsThe assignments, unless specified as a group assignment, must be solved individually. You are free to consult external sources as long as you properly acknowledge them.
Assessment DetailThere will be a final presentation and a written report on allocated articles/topics.
Each student is also responsible for making 2 “News Room” presentations, each presentation for about 5 minutes, based on the latest news relevant to public economics/public policy and provide a short, less-than-two-page write up on the news covered by him/her. These presentations are worth 5% each and will constitute the classroom participation mark.
SubmissionThe due dates of assignments will be available in MyUni. If you need to extra time, you must seek prior permission, which may be granted at the discretion of the lecturer.
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 Access Adelaide.
The University 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 University 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.
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This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangement Policy
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- Assessment for Coursework Programs
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- Modified Arrangements for Coursework Assessment
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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