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1. COURSE DESCRIPTION
This course studies original research in public economics, broadly defined as the examination of the role of government in private economies or economics of the government. Under ideal market conditions, competition promotes economic efficiency via Adam Smith’s “invisible hand”, leaving little role for the government. In some cases, however, markets fail and government intervention may be desirable. The research covered will be a combination of applied microeconomic theory, experimental studies, and econometric analyses. Topics include cases of market failures such as public goods, monopoly, externalities, and redistribution of income, optimal taxation, political economy and generality about public finance.
2. COURSE CONTENT
No.
Content
Time Allocation
Contribution to CLO
Hours on the class
At home
Theory
Practice, Seminar
Essay, Exercise,
Assignments
Self-study with teacher’s tutorials
1
Chapter 1: Introduction to Public Economics
3
0
0
5.5
1, 2
2.
Chapter 2: Economic Efficiency
2.1. Generality about economic efficiency
2.2. Market Failure caused by Imperfect competitions
3
0
0
5.5
1, 3, 5, 6
3
Chapter 2: Economic Efficiency (cont.)
2.3. Externalities
3
0
0
5.5
1, 3, 5, 6
4
Chapter 2: Economic Efficiency (cont.)
2.4. Public Goods
3
0
0
5.5
1, 3, 5, 6
5
Chapter 2: Economic Efficiency (cont.)
2.5. Asymmetric information
Minitest 1
3
0
0
5.5
1, 3, 5, 6
6
Chapter 3: Government and economic equity
3.1.Introduction to the economic equity, income inequality and poverty around the world
3
0
0
5.5
1, 4, 5, 6
7
Chapter 3: Government and economic equity (cont.)
3.2. Income inequality: measurement, evaluation,
3
0
0
5.5
1, 4, 5, 6
8
Chapter 3: Government and economic equity (cont.)
3.3. Poverty: measurement, evaluation
3.4. Theories of redistribution
3.5. Practice of government intervention: Personal Income taxation
3
0
0
5.5
1, 4, 5, 6
9
Chapter 3: Government and economic equity (cont.)
- Student debates, Q&A, Correction of Problem set
- Minitest 2
3
0
0
5.5
1, 4, 5, 6
10
Midterm exam
3
0
0
5.5
1,2,3,4,5, 6
11
Chapter 4: Public choice
4.1. Direct Voting
4.1.1. Unanimous consent
3
0
0
5.5
2, 6
12
Chapter 4: Public Choice (cont.)
4.1.2. Majority voting
4.1.3. Impossibility Theorem
3
0
0
5.5
2, 6
13
Chapter 4: Public Choice (cont.)
4.2. Representative Voting
3
0
7.5
5.5
2, 6
14
Chapter 5: Other issues
3
0
7.5
5.5
1, 6
15
Final Revision
3
0
7.5
5.5
1, 2, 3, 4, 5, 6
Total
45
0
22.5
82.5
3. COURSE ASSESSMENT
- Score ladder: 10
- Type of assessment
Form
Content
Criteria
CLO
Proportion
Formative
Attendance
The number of attendances and participation in lesson
1
1%
Quiz, midterm test
.
Midterm, 50 minutes
1,3,4,5, 6
30%
Report
Group or individual assignment (decision about midterm or assignment by the starting of the course)
Summative
Final test
MCQ or true false questions + writing (60 mins)
1,2,3, 4,5,6
60%
Total:
100%