PUBLIC POLICY

ECO4PPO

Not currently offered

Credit points: 15

Subject outline

This subject deals with public economic issues. The implications of externalities, public goods and nonconvexities for public policy are examined, and issues of collective choice and implementation are presented. The central topic of the course is the rationale for public intervention in decentralised economies. Case studies from Australia and other economies dealing with topics such as income distribution, microeconomic reform, taxation, the environment, health, education and social services illustrate the main theoretical ideas.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorYu-Chien Kong

Available to Study Abroad StudentsYes

Subject year levelYear Level 4 - UG/Hons/1st Yr PG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites one of ECO3CMF, ECO3EGS, ECO3MB, ECO3IND, ECO3PPI

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Graduate capabilities & intended learning outcomes

01. Describe data required for modelling of economic public policy

Activities:
description of trade and related databases during lectures
Related graduate capabilities and elements:
Information Literacy (Information Literacy)
Speaking (Speaking)
Inquiry/ Research (Inquiry/ Research)

02. Describe restrictions on consumer preferences and production technologies which ensure existence of competitive general equilibrium

Activities:
review of notes in lectures
Related graduate capabilities and elements:
Information Literacy (Information Literacy)
Inquiry/ Research (Inquiry/ Research)
Speaking (Speaking)
Critical Thinking (Critical Thinking)
Creative Problem-solving (Creative Problem-solving)

03. Evaluate academic economic article(s) dealing with some public policy issue(s)

Activities:
articles covered in lectures and student presentation
Related graduate capabilities and elements:
Information Literacy (Information Literacy)
Critical Thinking (Critical Thinking)
Creative Problem-solving (Creative Problem-solving)
Inquiry/ Research (Inquiry/ Research)
Speaking (Speaking)

04. Use general equilibrium models to evaluate economic public policy

Activities:
demonstration of general equilibrium models in lectures
Related graduate capabilities and elements:
Creative Problem-solving (Creative Problem-solving)
Critical Thinking (Critical Thinking)
Speaking (Speaking)
Information Literacy (Information Literacy)
Inquiry/ Research (Inquiry/ Research)

Subject options

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Subject not currently offered - Subject options not available.