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.

FacultyFaculty of Business, Economics and Law

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


Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Subject options

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Start date between: and    Key dates

Melbourne, 2014, Semester 2, Day


Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorYu-Chien Kong

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.


Assessment elementComments%
Assignments totalling 2,500 words40
One 2 hour final examination60