ECC3810

Public finance

(BUS)

Professor Peter Forsyth

6 points + Two 1-hour lectures and one 1-hour tutorial per week + Second semester + Clayton + Prerequisite: ECC2000 + Prohibition: ECC3814

Synopsis: In the area of public expenditure, concepts of public goods, mixed goods, externalities and merit goods are developed to help explain and justify government spending and to analyse issues of program design and reform in areas such as defence, health, education and social security. In the area of taxation, basic concepts and principles of equity and efficiency are developed and applied to tax design and reform issues in the area of personal and company income tax, direct and indirect consumption taxes and wealth taxes.

Assessment: Written (optional 2500-word essay): 30% + Examination (2 hours): 100% or 70%