ECON5519 Public Economics
- 6 points
|Semester 2||UWA (Perth)||Face to face|
- This unit develops the advanced economic analysis needed to understand and evaluate policies across a range of public policy issues. The unit establishes the relevant theory for a range of issues that usually include justification for public policy, market and non-market approaches to externalities, inequality and distribution, optimal income and commodity taxation, monopoly price regulation and asymmetric information.
- Students are able to (1) explain advanced concepts related to public economics; (2) critically question public policies and the absence thereof, keeping in mind all possible consequences on the entire population; (3) identify the roles that cost–benefit analysis and the valuation of non-market benefits and costs play in policy decisions; (4) assess the relative merits of different public policy options based on consideration of both efficiency and equity grounds; and (5) demonstrate the capability to write and speak clearly and concisely on public policy issues.
- Typically this unit is assessed in the following ways: (1) examination; (2) essay; and (3) presentation. Further information is available in the unit outline.
Supplementary assessment is not available in this unit except in the case of a Master of Public Policy degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
- Unit Coordinator(s)
- Professor Michael McLure
- Unit rules
- enrolment in the Master of Public Policy (Economics specialisation) (42580)
completion of ECON5516 The Economics of Public Policy
ECON5540 Economic Analysis and Policy
- Contact hours
- lectures/Practical Classes/seminars/workshops: up to 3 hours per week
- The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
- All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
- Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.