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.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Yu-Chien Kong
Available to Study Abroad Students: Yes
Subject year level: Year Level 4 - UG/Hons/1st Yr PG
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: one of ECO3CMF, ECO3EGS, ECO3MB, ECO3IND, ECO3PPI
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/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)