ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title PUBLIC ECONOMICS
Code ECON361
Coordinator

 
Year CATS Level Semester CATS Value
Session 2019-20 Level 6 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 22

   10

       32
Timetable (if known)              
Private Study 118
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             

Aims

To apply the tools of microeconomics and game theory to the analysis of public economics in order to understand and characterize welfare-maximizing policies. These tools will also be applied to the evaluation of tax and expenditures policies.  This will extend knowledge and skills of microeconomic analysis by covering recent advances in theory.

Learning Outcomes

(LO1) Micro economic and game theoretic tools applied to public economics -          Why public goods are a source of market failure; -          How externalities should be regulated. -          Taxation and redistribution-          Public choice

(LO2) Apply standard frameworks, including verbal, graphical, mathematical and statistical representations of economic concepts and models, to explain and evaluate the effects of a range of redistribution policies by governments.

(LO3) Communicate effectively orally and in writing and in accordance project specifications.

(S1) Problem solving skills

(S2) numeracy

Teaching and Learning Strategies

Teaching Method 1 - Lecture
Description:
Attendance Recorded: Not yet decided

Teaching Method 2 - Tutorial
Description:
Attendance Recorded: Not yet decided

Syllabus
 

Microeconomic tools and the first welfare theorem Theory of Public Goods Externalities Public Good Provision under incomplete information Theory of Optimal Taxation Public Choice Cost Benefit Analysis Review

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.