ECON 7115 - Public Economics IV

North Terrace Campus - Semester 1 - 2017

This course deals with theoretical foundations of public economics with a focus on public goods. The topics covered may include efficiency in allocation of public goods, private and public provision of public goods, externalities, VCG mechanisms, congestion etc. Students will do presentations of public economics topics of their choice to get a broader view of the subject .

  • General Course Information
    Course Details
    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 & MAdvEc students only
    Course Description This course deals with theoretical foundations of public economics with a focus on public goods. The topics covered may include efficiency in allocation of public goods, private and public provision of public goods, externalities, VCG mechanisms, congestion etc. Students will do presentations of public economics topics of their choice to get a broader view of the subject .
    Course Staff

    Course Coordinator: Associate Professor Mandar Oak

    First half: Associate Prof Mandar Oak

    Second half: Prof. Gareth Myles
    Course Timetable

    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
  • Learning Outcomes
    Course Learning Outcomes

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

    1. Recognize and apply advance tools and models used in the field of Public Economics.
    2. Modify, and suitably apply models used in public economics in their own research.
    3. Formulate a perspective on how public policies are formulated and how they differ from the prescribed standards of normative public economics.
    4. 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)
    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
    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
    2,3
    Teamwork and communication skills
    • developed from, with, and via the SGDE
    • honed through assessment and practice throughout the program of studies
    • encouraged and valued in all aspects of learning
    4
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    3,4
    Self-awareness and emotional intelligence
    • a capacity for self-reflection and a willingness to engage in self-appraisal
    • open to objective and constructive feedback from supervisors and peers
    • able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
    4
  • Learning Resources
    Required Resources
    The 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 Resources
    You 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 Learning
    The course makes extensive use of MyUni to post notes, assignments and for communication with the students
  • Learning & Teaching Activities
    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. 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.
    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 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 Summary
    Teaching & Learning Activities Related Learning Outcomes
    Lectures 1,2
    Seminars 1 - 4


    Lecture Schedule

    The first 6 weeks of the course will cover topics such as:
    Electoral Politics , Interest Group Politics, Legislative Politics

    The topics to be covered in week 7-12 include:
    Public Goods (efficiency, private provision, lindahl pricing, pivotal mechanisms etc) and externalities.
    Small Group Discovery Experience
    Classroom discussions, presentations
  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

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

    Assessment Summary
    Assessment Task Due Date/ Week Weight Length(Word,Time) Learning Outcomes
    Article Presentation and Review
    (individual work)
    Weekly (from week 2) 30% TBA 3,4
    Mid-term Exam Week 6 30% TBA 1,2
    Final Exam Week TBA 40% TBA 1,2
    Total 100%
    Assessment Related Requirements
    The 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 Detail
    Classroom participation will include newsroom presentations (discussing recent news related to the public economics topics covered in the course).

    More details on assesment will be given in MyUni and during the lecture.
    Submission
    The 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.
    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 Access Adelaide.

  • Student Feedback

    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.

  • Student Support
  • Policies & Guidelines
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