Monash University Handbook 2011 Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

Topics in the theory of public goods including optimum conditions analysis; market failure and problems of political decision-making in relation to the supply of pure and impure public goods; separation of equity and efficiency aspects; possible applications to such issues as income redistribution, merit wants, pollution control and multi-level government.

Objectives

The learning goals associated with this unit are to:

1. be familiar with the welfare framework, economic concepts and theoretical economic analysis of public goods at an advanced level
2. be familiar with advanced economic analysis of political decision-making in the public choice literature
3. have a sophisticated understanding of the implications of public goods analysis for government policy in major areas of public expenditure
4. have a sophisticated appreciation of the limitations and deficiencies of theoretical and empirical economic analysis in this general area.

Assessment

Within semester assessment: 100%

Chief examiner(s)

Birendra Rai

Contact hours

3 hours per week

Co-requisites

Students must be enrolled in course code 3194 to undertake this unit