6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
The unit explains how the Malaysian government operates in comparison with governments in other developed and developing countries. Main topics are: (a) welfare economics (mixed economies and the extent to which they can be met by private markets; role of government in redistributing income; various modes of privatisation, public-private sector partnerships; role and performance of state-owned enterprises); (b) government budget expenditure (welfare economics, provision of public goods and externalities, emphasising environmental issues, income distribution, social insurance and cost-benefit analysis); (c) taxation (emphasis on constructing a theoretical framework for considering tax policy; how taxes should be levied to enhance economic efficiency and promote a fair distribution of income).
The learning goals associated with this unit are to:
- apply the theory and issues related to welfare economics
- analyse the rationale for government intervention in the economy and of the extent of that intervention
- draw connections among different policy issues in the area of public expenditure and taxation from the perspectives of both public finance and public choice
- evaluate a framework for taxation which enhances economic efficiency and promotes a fairer distribution of income
- critically appraise the usefulness and limitations of economic analysis in the public finance area.
Within semester assessment: 40% + Examination: 60%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information